davidaulloa/AmericanStories huggingface dataset:
Daily Kennebec journal., 1908-10-29
NEW YORK STOCK MARKET.
Features Of the Days Dealings In All
The Leading Stocks.

New YORK. oct 2S.-The downward
fIovem"nt Of prices OF stocks today Was
commonly attributed to the efforts ol inc
professional element. Their motive WAS
fortni in the conviction that stocks were
being supplied ON rising prices I" meet
any outside demand that Developed. IH"y
professed L" detect distribution WhlGh
they believed To he for account of the
firanyiai powers which have conducted
the rcculativc campaign of the summer
II was argued from this evidence llIat
II similar course Of PROCEDURE was ~ c'll-
temptation after the election 10 take az
vantage ni amy new demand for stocks
Which might arise tECn. tho SupnoSlu"hS
cure nt in the financial district of the oX-
tent Of the speculative holdings Wllch
are awaiting an opportunity for llqulda-
tinn reach such folinidablc figure" tHat
m!S&Nu4S aIiS" ut the Suflclency OF the
expected pow demand to absorb tHis stock
and maintain prices.
The response of the market to tn"
quarterly report OF the United States
Steel Corporation was the Immediate oc-
casi~n for this process of reasoning of
the professional speculative mind. ne
crrnlu1A for tn" quarter proved larger
than III" preliminary estimates heard yes
terdaN il Wall street, The fact that was
umlnouS WAS that ;.ttcr 4 m"meniary ad-
v:unc" prices sold off in response 10 this
GGri news. The termination Of the p"-
hticai campaign is the favorable factor
on which the market had moved for srv
,iai weeks. With tHat occasion So near
at iHnd ii was argued that thc defeflinS
bl Pfpllt taking Untll the event WAS iaI-
IIdnuS in view Ui the Indication afforded
hy the effect of the United States Steel
''orEol atoms showing that influential
h"l""I'S of stocks Wer" inclined to DISPOSE
of them on favorable opportunity. Com
,;'1lSunS ul the present price or 'nlled
states steel WITH that III prosperous
times wien parallcod With 4 similar COM
p"Iisun Of the corporations business :lSr
showed some discrepancies. United States
Steel Sol,! today at 4%ss while The high
rrlc" in january, 1891, in the hign tid" Of
the trades prosperity, reached only 5'@s
There is explanation found in this com
rariSon for the feeling that found place
i'll tie speculative sentiment of the day
tHnt tn" Improvement in prices OF stocks
possibly had gone far enough To really
represent tn" restoration that has oCcul-
ed in values
it WAS thie feeling that accounts for he
Sa&=ln" tendency of prices, although
United states Steel stock itself acted VCry
Su2GishlN in tn" downward movement
Thr copper irduStrialS gave WAY more
sharply, although the price of the metal
Was marked M Hc;tim At tile local metal
exchange Fore igm markets were made
cheerful by the peaccallc views expressed
lY the Emperor OF Germany in a report
ed interview.
Bonds were Irregular Total sales. par
value. %@.alN"m. United States bonds were
unchanged ON call.
Daily Kennebec journal., 1908-10-29
BASEBALL
BASEBALL NOTES.

Lee TannChll Is after the South Bond
club OF the Central League.
Iughie Jennings is after Otto Viii
lialns ni he Indlanapolic team.
$tenfciIt declares himself in Tor an
tier season at baseball at least.
Frank Chance will leave Chicago
tor the coast on Saturday, remaining
until spring.
Larry rr.,le is rcing ta!kel of IS q
I.,ssii ic "u,finl.icr for the Giants IIcr-
1og We! krer the second sack.
Jimmy Dygsrt of the Athletics will
9 with the Browns next season. "a
spencer VIII s. t" connie Ma@n's
team.
J'prpnt" b. 4 Is of IS year-old short
stop lie is Joe iieentn. "r kid" Ken
an. as hc is called who has Nrrn
playing bah for - years
Cnarl, $ Murphy Wrpt" Floyd kcon Il
check Ton $,9o. and that q idcd To ms
:aoe makes hln even with tn" "the4
cuts on tn" division Of the Wrrid's s
>cricS spnils
Huf" WaGdcl has fur%H!5en thr East
All cheer, The wonder of the slab will
rtunAin tu st. L"us ali winter. II says
st LOUIS has used him right. ana hc
IS G"ilta t. spend hi:, mercy there
Ollie rhll, the r"giIist IS seeking a
lerth in tht American League as um-
ire. 'hiil niCiat"d in the American
Association last season and his work
Vas cniinently suits factory.
Mike l'un,Ii gave lIouus Wagner Il
lGn for the nray. hitting title. and he
l. ROW liE'!y to make Il bigger hit il
vaudeville. lrnI"r the coaching of Ma
fcl Hitt" he scored several hontJiS al
Hlmlnt I$t"in'S theatre. y y, MNnjaA
night. lie VII ccUtinl, 10 line ON Gu,
for sol.c lArn;hs.
Tho I'acilic coast is enjoying lasc-
ball as Well as football The baseball
season in california lasts until The
latter part of November. as the eli
mate permits of the great diInonC
same being played while we ar" shiV-
cring in the east Winds wrapped up il
heavy coats. If we could have baseball
in the East until late in the fall il
would i" interesting to see hnW foot
bail would fare. To my way OF think
ing. las h;rlI has Il greater holI on the
American public than any other
branch Of sport. out in California Goor-
ball is played by the college and school
teams, hut there is no such interest as
there i III the East. The weather is
too warm nut there for the @riGlron
game. and baseball has taken too
strong 4 hold It's Il good thing for col
lcge foptl all tlat the diamond game
a IA ht Ir h,a Il L.
Daily Kennebec journal., 1908-10-29
SMITHFIELD

MIR ana Mrs. A. +. Holmes passed
Sunday in Oakland with Mrs r. +.
Stevens.
We had downpour of rain for a
few hours Monday night. but not
enough To affect the wells much.
though it will moistcn the ground so
farmers can continue their pIoughine
Howard Perkins has raised and
newly und"rpinncd his house and Is
now claphoarding and shinglng it.
which Will add much to its appear
ancc as we'll as its comfort
Mr.. Dow has r"laid his cellar wall.
aud is making other repairs ON his
buildings.
Mrs. Hardy and little son Charles
have been visiting relatives in Wat
orVille for a few DAYS
Daily Kennebec journal., 1908-10-29
CAM BRIDGE.

1attcn Nutting of Lowell Mass is
III town visiting Augustus Brown. Mr..
and Mrs. Brown expect to pass the
winter in Lowell.
Mrs. J, II. Parkman is in town for a
visit with Mrs. w u. Wilder.
Ardcl Folsom is in Dexter on visit.
Ami .Iudllins Of old Town was re-
Gently in town
Alton Sh"rcy recently bought a nice
pair Of horses in pittsii"d
Frank Ham ANA ". u. Wilder have
been in Ripley tn" past week sIaugh-
t"ring lambs for Nell Randall
Len Brown of Dexter was in town
Sunday.
Don't forget tho Halloween party
at the Grang" han Saturday evening
Daily Kennebec journal., 1908-10-29
INTERESTING SKETCHES
OF FAMOUS BALL PLAYERS

John II. Farcll of Auburn, \. Y, is
on" of the best known. most able and
most valued men in baseball by reason
OF his great services tn the sport, eS-
p"ciauY IN hIS capacity as secretary of
thn National Association. an oreaniza-
tlon which controls all there is to
baseball outSid" OF the ma jor leagues
and is therefore truly national and
representative. MIR Farrell is Il ma
tiv" of Auburn, n. y, ana was born
i'll 1861. He has ben IN ardent lover
of baseball from boyho"l. In youth
he was an excellent amateur PLAYER
When h" went into business ana pros
pcrcd ne foStcrcG the game in his
town rs owner of the Auburn club,
which he conducted as an independent
team with the famous Mark Baldwin
AZ manager,
IN February 1891 through the efforts
of Mr. i'arr"lI. tn" New York state
League was orgtniUui and lIn he
came its chief executive. 1h" success
of thc organization. which revived in
t"r"st in IT," game in many of the
best cities OF TN" Empire state. was
due ~ great m"asur" To the energy.
enterprise and executive ability OK
hihit"d Ivy Mr. Farrell in the dist harg,.
Of his official duties. IIc disposed of
Ills interest in the Auburn club IN
1899 and thereafter devoted all of his
time I" th" affairs of tn" lrtgu,
which has remained unintorruptedIy IN
the field eyer eiur" Hud has become an
mi.'or l",~u" institution
In tin. fan "f 1901 when tn" National
Association of Professional Baseball
Lca@u" was formed. Mr. Farrell was
Daily Kennebec journal., 1908-10-29

John p. Archbold. the other John n
of the Standard oil Company. and the
active working principal, is about five
feet three inches in hight, but hi; head
is big enough for seven -footer It is
a remarkable head physically speak
ing, and when Archbold was on the
witness stand the newspaper Cartoon-
lists properly acc'utuated his phrnnoloE-
ical bumps once he Ieapcd from the
chair and snatChed q pencil from a
Cartocnist's fingers Like the other
John u. this one has a pet college, the
Syracuse University, to which he has
contributed more than Il million dol
lars.
Daily Kennebec journal., 1908-10-29
D0lNGS IN THE WORLD OF SPORTS.

a delegate and at once made himself
popular in the CcunCilS of the new or
eaniZation. was elected secretary and
has ever since held the position With
credit TO himself ana great benefit to
the organization. which rapidly grew
to such tremendous proportions that
only a man of Mr.. Farrers ability, sNs-
tenn and training could have Kept pace
with thr cNaClioa.s ui his oiilcc. Mr.
F;srcll not only has Il tremendous
amount of purely sccretralal work I"
do but as secretary of the National
Board he has the preparation ana
handling oi an enormous corresponds
tnce rcIatlng 20 tn" hundreds Of APP
pcalS Inat;.- annually To the board. lli.;
labor is ais" N;:itIy increased by the
fact that the board has dclcStcd to
him original jurisdiction in many
eases. 1t is Il great tribute to his Hhn-
itv as a judge that few OF his findings
havc been reversed upon review Ivy tue
board. 1t goes without saying that Mr..
Farrell works hard-iln average OF L
hours daily. hut be has his rccompcnSe
in TIA" TACT that his integrity and ahil-
ity havc earned for him the respect
ard confidence of the entire haS"ball
world Will" his industry and stead
fast application have made nm lndl-
SpenSihl. to the great organization OF
which he is really the chief engineer
who keeps everything moving smooth
Daily Kennebec journal., 1908-10-29
College Games This Week
SATURDAY.

Sal L RDA u
At the Stadium-Harvard VS..
Brown.
At New Haven-Yale VS. Massa-
chusetts Asgies.
At West Point-PTinceton vs..
Amy
At Eycter-Colhy VS.. Exeter
At Mcdford-Bowdoin vs.. Tufts.
AT Annapolis-Navy VS.. Carlisle
At Ithaca-Cnrn"ll VS.. Penn State
Al Hanover-Dartmcuth vS. An
heret
At Svracu4e-W Williams VS.. syra-
cuse
At MiddIet"wn-W Wesleyan VS..
Springfield r S.
At Haitiold-Holy Cross VS.. Tim
itV
At Lewiston Bates VS.. Maine.
At Easton-- Buo kncll vs.. L1f1y cite.
At Schenectady-tnin vs.. Colgate
AT Now Brunswick-Ruteers VS.
Hamilton.
AT Geneva-H"bait VS.. Niagara
At Middlcbury-Midd vs.. r.
T. State
AT H"h"knn- Stevens VS. Ursinrs
AT Chicago Minnesota VS. Chicago
At Champaipn--I Indiana vs. lllirois
At Ann Aroor-MichIgan vs.. Van
derhilt
At Wore" Worcester Tech. VS..
Rensselaer, Il.
AL Iowa Ci.y-Iowa d vs. Nebraska. :
Daily Kennebec journal., 1908-10-29
Deafness Cannot be Cured.

by local applications. as they cannot
reach the diseased portion Of the ear.
There is only one way to cure deafness,
and that is by constitutional remedies.
Deafness is caused by ar innlmtd condi
ton of tho mucous lining of the Eustach-
ian Tube. When this tube is inhamed
YOU have q rumbling sound or imperfect
hearing. and when il is entirely closed.
Deafness is the result, and unless the in
tlan,mation cam he taken out and this tube
restored to its normal condition. hearing
will be destroyed forever; nine cases out
of ten are caused by Catarrh. which is
nothing but an nflamed condition of the
mucous surfaces
We will give One Hundred Dollars for
any case OF Deafness (cauScd by Catarrhl
that cannot he cured by Halls Catarrh
Cure. Send for circulars free.
r J. CHENEY & CO. Toledo. Q.
Sold by Druggists 75c
Take Halls Family Pills for constipa-
tion.
Daily Kennebec journal., 1908-10-29
BOXING
THIS WEEKS BOUTS.

TIO!iIlIStIII TITW JNTTTTN NTTTT TFTIN v. TI'FW
Powell. san Francisco: Jim Trcnwith VS..
Patsy E"ardon. Charley tFWin) Miller VS..
Fred Corh'u, rhlladclphia.
Friday sam I.anglnrd vs.. Jack O'Blien.
New York Kid Sullivan W. Eid SI"::cr.
Baltim""": T"mmy OTorle vs.. Harry
Baker Philadelphia
Saturday Johnny Coulon VS.. Charley
Harvey, l'!:ladclphia, all-&tar boats,
Philadelphia
Fred l'urkland Of England won q
fast BOAT from jim Trenwitil "f
Nanyuml> IN the Windup ut the Doug
lass Athletic club Tuesday niAht at
Philadelphia. There was plenty "E
hard, East fighting in the last five
rounds as both boys were willing at
all times t" stand up and trad blow
for blow. with Euctland doing most
of the forcing aui featuring in til"
cInchc& He had hard work LcAtinG
TrcnWi,h ~ this gam" for This is
where Tr,nwth shows to advantage,
hut Bucl>land. nothing dauntrd by thr
Enuckou, hc received al jisl'.i hands Il
few weeks age, went right aft.r aim
aud had the better of the argumn"t.
Rudolph JnhoIz the Boar pu@iiSt. Is
10 hC commended and at the .s.:nIr time
banded q littl" friendly advice IN
holz should be praised for refusing 10
mix w in Il halr""m braWl win Hat-
ding Nelson, ana he should also h. tip
lcl off L. stop making foolish breaks
about chg ahl" to beat the i3ln,
should they ever meet IN tho ring
aagin. Rudolph may or may not he
afraid Of Nelson, but he showed good
sens" in rCfraininC from cnGaGinG in =
iikrht in tpifroth'S "Win,. smnuTIu,}l -
IuSiliSln, at its best, is Il sport WI,!,
is dccrird ut every opportunity LN imYr-
HlistS, and those who depend upon box
ing for 4 means of livelihood Shoud
cnntnr their exhibitions To we'll reg
ulatou clubs and not to saloons or
other public places.
Daily Kennebec journal., 1908-10-29
New York Produce Market.

1r New York. Oct. 2S.
sales 400 market quiet and steady.
NHEAT-Receipts $1,000: exports 1857.
sale sales ll2Oo,ooO futures. 10000 spot; spot
afoat: No. l northern Duluth 11ah 2 y y
afloat; No. hard winter 11O O b afloat'
Daily Kennebec journal., 1908-10-29
FOOTBALL.

At yTontp' lcr, VI -InivoIeitv Of Ne,-
mont II. Norwich I'nivcnIty o.
At Exeter, y. II Philips Exeter Acad-
emy J.. Dartmouth f. c1lMnen )
Daily Kennebec journal., 1908-10-29
EUREKA MINES COMPANY
TO the Common Stockholders Of ths
Eureka Mines Company:


some q inc common stockholders of the
tka Mines Company having expressed
deSlre To exchange their holdings for
preferred stock, at a meeting Of the exc
cutlV" committee OF the company held on
october IL, 1908, the officers of the COMPANY
were duiy authorized to give al. common
stockholders of record, who may so desire.
an opportunity to surrender their certi-
Gates for said stock, and to receive in
exchange therefor preferred stock on tho
basis Of one share of preferred for each
ten shares of common stock.
By reference to your certificates, you
Will note the special preferential features
Of the Preferred stock. AS the market
price Of the preferred has been held firm-
ly at par, those who, accept this exchange
VIII receive an equivalent market value
Of 1Qc. pei share for their holdings.
All who wish to accept the offer herein
made are requested to forward their stock
certificates not later than November 7th,
1908, to Beacon Trust Company. Boston.
and preferred stock on that date will be
duly issued in lieE thereof, on the basis
stated.
IRA G. ROSS, Vice-President
GEORGE E. MITCHELL, Treas
October 20, 1905 o2idtf
Daily Kennebec journal., 1908-10-29
F. |: M|LL|KEN & Co.
Bankers and Brokers
IS State Street
Boston
New York and Boston Stocks bought
for cash or carried on margin.
Interest allowed on deposits.
Dispatches from the leading financial
agencies at our clients disposal.
This Weeks Market Letter Devoted 10
Butte Coalition
Northern Pacific
U. S. Coal & Oil
K''I Be Mailed Free Upon Application

Correspondents of LEAVITT 4
GftANT, 50 Broadway, n. Y Mem
oers of the Consolidated Stock Ex-
change of New York.
eodtf
Daily Kennebec journal., 1908-10-29

Joseph Il. Doyle. the crack ''spithalr'
pitcher of the New York Al"er;can
League club. Wa@ born in clay centre
Kan, Sept. II. 1881. where n played
sen,i-proI, sSional ball Iii. HrSl pro
+, sSiolal engagement was With tho
Fort Worth. Ten, team. under ~" ~
mous Ted Sullivan This WAS IN 1902.
We was SOLD to New orleans lUi ing
that year and was there half ~ the
following season. lie was then sold to
Iiarton Rouge Of the Cotton states
League, y here he played tac ia;tt.' rait
If the 1893 season. lie was sold to
Wheeling. w. Va. OF the central
league early in 1904 and pla%ch with
that aggregation until 1906. Mli"n he
vas sold to the New York Americans.
John 8. Farrell. the second l,t"nnian
If the Altoona team Of the Tri-at;ttc
league was born at Covington. ny,
Dec T. 1876. While 4 youth he gained
l reputation a% 4 bail player i'll ana
eround Cincinnati and in 1896 secured
his first proic SSional engagement with
The Newcastle club of the Interstate
League. Farrell signed to pitC!, but
showed up SO well at the bat and in
The field that he was made ont "f til"
cams regular nuttieldCrs. In 1924 and
1898 he was with the Springfield club
and i'll l$"9 returned to Newcastle, from
which Clun he was secured by Manager
Manning for the Kansas City !;IUes.
When Manning started tn" Washing
ton club of the expanded American
League in 1901 he took Farrell with
him and made him a second hdS"n,sn.
II, 1902 he left Washington ana .oincd
!he st Louis National Gcdg}j" club
With which I've remained until 1905,
when n" wa released and signed with
Indianapolis, where he played 4 season
ana Was then released because &C q
bad leg. In 1906 ~ got hitusclf into
good shape again ana was sigi:ri by
Manager Arthur Irving of A't"ona~
When Irwin resigned the Aitopna man
agcment i'll l"'' Farrell was appointed
his successor.
Daily Kennebec journal., 1908-10-29

Hebron Is feeling much pleased at
having beaten the Bridgton boys. 81
to after Kents Hin had beaten them
20 to O.
Daily Kennebec journal., 1908-10-29

The four remainlnG games on
Hebron's schedule are all with Port
land teams: October 81, Fort Nc
Kinley at Portland; November 4.
Westbrook Seminary at Hebron;
November IA. Naval Reserve at Heb
ron; November 81, Portland High
school at Portland.
Daily Kennebec journal., 1908-10-29

1t was the kent'S Hin second team
which the Abbott school of Farming
ton beat Is to 10 last Saturday. not
the regular Kent's Hill eleven as some
papers had it Kent's Hill had no
game last Saturday. Next Saturday
1t plays Westbrook Seminary and a
week later Portland High
Daily Kennebec journal., 1908-10-29

Pierce of Harvard who has been
agreed upon as head linesman in the
Bowdoin Bates game Nov I. is a
Bangor boy. He was an official in The
u. of M.-TuftS game last Saturday.
Daily Kennebec journal., 1908-10-29

The football game between Coburn
and Maine Central institute at Pitts
field will be played Friday afternoon
instead of Saturday as was first in
tended
Daily Kennebec journal., 1908-10-29

With five games yet to be played in
the Maine championship series it is a
little early to he picking out All aine
elevens. The football expert of the
Portland Express is getting busy.
however. and says that Good "t
Colby and Frank Smith of Bowdoin
will undoubtedly be the Maine
choices for the halves at the end of
%ho SoaSnp {"
Daily Kennebec journal., 1908-10-29

saturdays game at Lewiston will
De thc I'D which Bates and t. of NJ
nave played. OF those p.ayed earlier
bates haS won II, and T.. of NJ 4.
Whlle nave been tic games. 1t is
curious fact that the games for the
past three years have all been ties
in 1903 and 1906 neither team scored.
while In 1870, both teams scored once.
Daily Kennebec journal., 1908-10-29

Colby plays Exeter Saturday and
the odds are greatly in Excters
favor remarks the Portland Express
and we wonder how the Express
figures 1t out. Bates beat Exeter and
Colby beat Bates. This is the only
basis of comparison between Colby
and Exeter and it certainly puts the
odds in favor of COLBY rather than
Exeter
Daily Kennebec journal., 1908-10-29

Bowdoin ought to be 81, ,n-,rl for its
game with Tufts Saturday lhan it has
been during the season as Burton will
nave tho advantage of another weeks
practice which means a great deal to
the quarterback. Hughes will also
nave a weeks practice at end, a posi-
tion which he played for the first time
against Colby. The whole team is in
good shape and will know more foot
ball They hope to make n fine show
ing against the Medford team and
thlnk they have a good chance to win
New-York tribune., 1908-03-29

RUGS FOR COTTAGES. CAMPS AND BUNGALOWS
ATTRACTIVE AND SUMMERTIME NOVELTIES. INCLUDING
EXCLUSIVE DESIGNS IN COTTON RUGS IN
DELICATE COLORNCS;
porIcH EFFECTS IN HEAVIER EOMESPUNs. ADAPTED FOR
uApD WE AR. TWO-TONED ART SQUARES WILTON BRUSSELS.
ADMINISTER AND SMYRNA RUGS VERANDA RUGS OF FIBRE
AND PRAIRIE GRASS
CHINESE AND JAPANESE MATTINCs.
New-York tribune., 1908-03-29
TO SELL COPPER TREASURY STOCK
Two Hundred Thousand Shares of Miami
Company offered Public

The National Copper Bank, Of this city, IL was
announced yesterday. Will receive public subscrip-
tions tomorrow to $4,000 shares of treasury STOCK
OF the Miami Copper Company at s. share The
entire amount It is said. has been underwTitten at
$50 share The proceeds of the sale OF the
stock less the underwriting commission Will go
into the treasury
The Miami is q company formed under the
laws OF Delaware to develop and operate large
low grade porphyry copper deposit near Globe
Ar,z I. has an authorized capital Of COO 600 shares
mar value S. One hundred thousand shares are TO
remain in the treasury. The company is controlled
by the General Development Company close
mining corporation, which includes among It's di-
rectors Adolf LewIsohn. president OF the United
Metals Selling Company; Jacob Langeloth, presi-
dent of the CRANKY Consolidated Company and Of
the American Metal Company; Samuel Cntermyer
who is also general counsel of the company; Will
lam H. Nichols president of the General Chemlcal
COMPANY; Henry Ruhlander, of Speye- d Co; w
T Rosen of Ladenburg, Thalmann Co; Herman
SieIcken Arthur Lehman and others. Nj LeWi-
sohn is president Of the company, and j. Parke
Charming vice-president The last named is also
consulting engineer The National Copper Bank is
the fiscal agent and the Bankers Trust Company
the transfer agent for the company.
An ore body 300 feet wide. $50 feet long and $50
feet deep has been developed, and 100000 tons OF
ner cent concentra,ingsore in sight looo-ton
mill will be erected Immediately it is said, at
cost of $4,000 with which it is figured that the
company can produce 100000 pounds Of copper a
wear at cost of not above nine cents pound
On this basis il is said. the company can earn 81 a
share with copper selling at IL cents ana doupie
this amount with copper selling at 10 cents As
development work the property progresses Inc
mill capacity is TO be increased.
New-York tribune., 1908-03-29
CUT COFFEE TRADING DIFFERENCE
Members of Exchange Ask That Minimum
Ee Reduced to One Point.

BY vote of 80 to % the members Of the New
York Coffee Exchange at a meeting yesterday
adopted a resolution requesting the board or man
ayers to reduce the minimum trading dlnerence
from five points point Two petitions, one IN
favor of and one against the change, were read py
the secretary and there were also addresses oy
several of the members for and against the propo-
sition
Most of the opposition came from the ial ht-
porting houses including Crossman q SieicAen'
Sutro Brothers & Co.. Lehman Brothers, L. w
Minford & Co. Williams, Russell O. Co., James ~
Jarvie Skiddy Minford & Co, William Bayne q
Co Henry Hentz & Co. and A A Housfnan & 90
Their principal objection was that the reduction TO
one point difference would be entirely TOO smai and
that while 1t might benefit few sca!pers. 1t would
have the effect of belittiing the market Those IN
favor of the proposition said, on the other hand
that the change would broaden the market The
prevailing lack of speculation the exchange.
these members said due to the wide dinerences
more than to any other factor and the reduction
to one point difference would in their opinion lead
to an increase in real business.
The proposed difference, point. equal to 3 Is,
is the smallest of any exchange. cotton being 5,
grain Sc % and stock S2S