davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1909-10-08
CHICAGO SUBWAY PLANS
Reorganization RumOrS Denied
Stock Sells at ! rs.

representatives OF the Hartman and Armour and
-,N.- interests in the Chicago Subway Company
h.ls a conference yesterday the office OF LOUIS
= Ersuthofs, counsel for the company. In regard
- repoTts that reorganization OF the company WAS
hs,ng considered II stated positively that the
ronerty would be kept going and that the question
- not even BEEN discussed the meeting.
r Is known that heretofore the Hartman and
a-,our interests have advanced the money 10 pay
ehe eompanys fixed charges, and have also supplied
lsrre part of the funds needed 10 develop the
,-crerry Since the death of Mr.. Hartman there
6se been rsrnors that representatives Of the Har-
-,sr estate might not be disposed TO lend further
.,,rport but Il GUthoritatvelv stated yesterday
,hs- there no friction whatever among the
,,s-ious interests. and this taken mean that
.le Hartman support would not be withdrawn. It
v-as ssid. however. that OF the subjects dis
sse5 al yesterdays cos ference was the funding OF
,he coupons maturing on December 1.
Al present the company Is not earning enough 10
sv IT'S Fixed charges but its business is Increasing
daily IL Is said and If the present of improve
rent keeps Up viii soon be able 10 enough 10
,sy al its interest obligations.
There wss another slump in Chicago Subway stock
o- the curb yesterday. II sold down TO as, new
low record and closed AZ & net loss Of S points
:, the DAYS transactions Of about seventeen thou
ssrd shares curb traders said insiders were un-
loa5nE
New-York tribune., 1909-10-08

uonthss closed quiet but steady Z 70 ponts higher:
october G9245d. October November sod November
Deceinoef DecenberJ January. January February Feh-
Tu1Ty-Aareh. March-Aprt- Apr-1Iay. 1fay-June and
Suhe -Iuly esds July-August. 6s5fd. August-Sep-
enloer 6osd SeptenbeT-October. 634d: OctOber-No-
VeI.ioef; ol5d Manchester Yarns IN demand.
esung one from every point view Favorable news
came IN from abroad to general conditions
mere was considerable buying for outside speculative
account the further feature that has absent
uact!vely Tor many months. The demand prin-
eipnHy by leading bulls who have been accImu atina
coee on the rise and there not deal OF
sale even AT the best prices OF day Eariy
trading total sales OF 81 $50
bags were switches and 42.75 be
called regular sales The &c mark which fig
ured b. the bulls for time past
actual sales OF May and July and closing bid prices
for Nay to September inclusive The Havre market
4 10 +1c and sales for the 5000 bags
Hamburg started unchanged. with OF 5000
and closed unchanged to = pig lower At Rio
firm but unchanged market. with Santos firm and
changed for No A. but so rets lower No 2 Private
advicss from Brazil reported prices higher. with
mand especially for European account Warehouse de-
iveres again quite liberal. New York reporting
10 2S6 bags year Deliveries to-day
100 bags. The weather in the State OF Paulo
fine at all points Late in the afternoon II inti
that bad had been received but
II such the the reports held back and II
be that the idea OF bad reports from minds
which simply look for for the excellent ad
Of the day The market for spot coffee hrmer
and active.
The range prices market to-day
VA
New-York tribune., 1909-10-08
PRICES HIGHER.
STEEL
Independents AdUapce = Pending
Structural Orders. 100 900 Tons.

Prices for certain grades of finished steel are
higher, advances having been made by several of
the independent companies for structural material
and steel bars. sale of structural steel for i'm
mediate delivery reported yesterday at a pre-
MUM Of 81 the quoted 81 60 basis The de-
mand for light steel rails is active and transac-
tons are being made high at S2S a ton, the
regular price for standard rails and SIS 80 ton is
being asked for Valley pig iron for delivery in
the early part OF next year
Sales Of steel rails in the last week aggregated
gest the development OF increasing orders from all
the leading roads. The Ontario & Western is in
the market for 4,50O tons and the Interborough
Rapid Transit Company wants $500 tons. Domes-
tic rail mills have enough orders their books
keep them busy we'll into 1910 and increased ac-
tivity is reported by the foreign rail plants Pend
ing structural steel orders estimated at 100000
tons.
The current month is expected TO be one of the
record breaking months of recent years in the
matter of tonnage produced by the United States
Steel CORPORATION. Superintendents Of all the mills
of the corporation have received orders to work
their mills at their utmost capacity IN an effort
to catch up with the enormous orders booked,
while a great extent similar conditions are re-
ported by independent concerns. The Pennsyl-
vania Steel Company is operating to its full ca
pacity. and has been forced limit its sales OF
billets. owing TO the fact that it has sufficient
orders hand to keep the mills busy for six
months to come
New-York tribune., 1909-10-08
BONDS.
OTHER MARKETs-BY TELEGRAPH.

Chicago. oct cattle Receipts. estimated.
head market strong. 60aSS so; cows SO son
% hefers So 50d$6, bulls. S3GS4 s.. calves S3dS9
ockers and feeders So 1895 HOGS-Receipts esti-
81 S5GSs light mixed 81 40GS So choice
light 6ndST packing 81 6jGSI S56ST
htlk Of sales s. 6O6&T So SHEEP-Receipts estimated
lOqI5c lower sheep. S+GSJ 90. lambs
Toledo oct s'-CLOVERSEEp. cash. IS 80: October
IS gn. December, So: March. 81 10 TIMOTHY. prime
81 ALsIkE prime, IS Is; October. IS IS December
Cincinnati oct 7-CATTLELReceipts $50: quiet
fair 10 good shippers. s. 25GST - S26$3 15
FOGS-Receips l. 100 head: slow and generally lower
and shippers 81 sGST So common s. 50qS6 50
SHEEP Receipts. 1885, head. steady at 81 75as4 %
lambs 15a25c lower at $3GS6 80
East Buffalo. Ca T~TI>Fs-S Steady; prime
SC 7.as7 VEALS- Receipts. 80 head active and SOC
higher S8aSlO HOGS Receipts 800 head; slow and
lGd20c heavy, s. l0GSS 10 mixed SsdSS 15 York
81 pigs So 50G$7 25 roughs S7qS7 % stays
SGa 5O 81 60q$T 90 SHEEP and
LAMBS Receipts. 20OO head; active; sheep steady;
Kansas city. oct. T.-CATTLE- Receipts 10000 head
including S1utherns market steady
weak choice export dressed beef S6 75QSS 5o
fair S4dSG Western 81 45G$6 Is, stock
feeders $3q$5, Southern steers So 25G$4 I5;
81 50uS3 90 native cows S2dS4 & native
s. S1$5 - bulls 81 65qS3 70: calves 81 75dSs
HOGS-Rereips Il 00O head market, 5G25c lower,
81 - hulk of 81 25dS7 heavy. 81 rs packers
and butchers. s. 2jaS 60 light S7aSI 40 pigs SS4S6 p
SHEEP Receipts 6O'0 head market for sheep steady
lambs 15d25c lower lambs s. 60dS6 90 yearings 81 30
. wethers 81 2a$i 70: ewes 50 9aS4 so stockers
and feeders 81 9OdS5-
choice S6 55GS7: veal calves S9aSa 25 sHEEP-supply
sheep, higher on lambs prime Wethers
81 GfdS4 -. and common 81 50FS5 lambs. SAC
81 25 HOGsReceips fair steady prime heaTles = 10
light Workers 81 35qS7 SO, pigs So 7'aS7 10 r'ushs
So 50dS7 20
New-York tribune., 1909-10-08
CHICAGO GRAIN ANo PROVISIONS.

Chicago. Oct -.-I0Crcased receipts in the
Southwest coupled with Official forecast of rain
in portions ~ the winter wheat belt. onset num-
ber of huIish Influences In the wheat market to-
day. causing a heavy tone the greater part Of the
session At the close prices were lsc ~ % isc
lower Coarse grain also closed weak. but pro-
visions We're Arm
Tendency OF wheat prices during a large part
OF the session was downward. although at times
the market experienced fair rallies The most i'm
portant news of a bearish. nature the liberal
movement. particularly IN the Northwest. and
settled weather IN Kansas and Nebraska Trading
durinS the part of the day was rather Ight
and prices held within about lC range. December
selling between 81 a1ls % 81 01ts and 81 o29 The
market closed only triie above the lowest mark
wiki December at 81 0I1s
Anticipation Of a be1rish show lng in the goV-
errment crop report tc be published tomorrow
prompted liberal sales OF corn, resulting In a weak
market throu2hCut the entire session. Clear
weather and liberal receipts brought our additional
sales The market closed weak with prices &c TO
i4c below The previous close.
Selling of December oats by longs was feature
or trading IT the oats market At tbs close prices
were 10 90 &c lower than yesterdays ana nslres
Provisions weak the start but qticxly
rallied and Continued firm the remainder OF ne
day. Prices at the close were 2'sc 70 loc nxao
New-York tribune., 1909-10-08
LIVESTOCK MARKET.

York. .
BEEVES-Recsipys were 40 692 head. Of
which 81 cars consigned direct % saughtere-s
porsS 5 fseltn s5sad FOR al sorts and grades Dressed
1e5 n n 6boIc nstte sides Loaon and Iiverpool cat
morrow aS9TS o.
CAIvEs--Rseetpts were sos head Including $50
was qqiet but prices generally STEADY The pens were
g 3 = Wsis2n ~ nq caves az S brssed calves steady
cftv dressed veals selling IOG per 10.
dressed 14c and dressed grassers al 6aslsc-
saIes-J G Curtis 8 son; g. veals lS2 II average,
50 . per 100 loo s o @ do a. l2S s. 10 s s. s = rs % p iS a
jeiIae. wrisas Co: 9 ysa-s Ias r. at so So =
$ Judd & Co.. vsaIs. 129 b. 50 20: 10 West
Sanders II veais I41 b. at 50 80; srasssrs.
To6in & shannon. veaIs. 1as h. at 50 so. do.
McPhersou & Go. rs yeals. Iol p, az s. 30 30, -
% . p 3 Us sFasss:s @ 3o iys: n q s i95 e II ;.
SHEEP AND LANBS-Reeeiprs were IS cars. or
for the maFA'I ma SE % W wi "a 5-5 ana ~ ts.v.
ears on saie S.l7et .s-, =. - -, ~. SSos
mon good sheep sold at $ 80 e s. % per Zoe ID:
s. 5aS5 80. Dressed mutton s,~aay az 199ee per 'oi
salss-Frei / AF9,z ~ AZ 4o r, f5 ~ s1 s7 n - - so
~ @yfFass S e. IS a. s s. So IS West v1Sa sheep IS H.
Sanders is state laiabs. q 70. s. 80: sheep
culs = 10. So year-lass. 100 ID. at So state
sheep. 90 Do. s. SO
r 13 Pe1Dsylvanla lambs. 81 70. az ST.
3 cuUs 81 l5. az s.. $ sheep, no To. al 81
Mcpherson & Coz go state lambs. O. 10. at 81; II
state sheep. o. lb. So
5 Judd & Co. 81 Pennsylvania lambs 20 70. at
81 so. ST Pcnusy lvaniH sheep los d. at 50
J. c. C,artis 4 55 state lambs 81 ID. 81 IS
/ Gull sheep. 9G DO. at s.
feline. Wright & So 81 %. az 81:
: cuIs 81 70. at 81
HOGs-Receipts were 41s cars. or $50 head IN
cluding 2is head for the market No sales up to a
az Feeling weak sympathy with TsuFaIr
advices Country dressed hogs selling I0TIIt.r
per n, sor medium % light weights
sales call vrsJrrday1-W r Hume 90 srat.
hogs 140 ib av=raS- $ go per 100 10. I3 roughs.
SIT II. az s. 20. . hoars. 29J .b. s.
Curtis s. e hogs. 204 n. al s. 30
8 roUghs. 333 lb az 81 so, = boars. 185 10. Sc
New-York tribune., 1909-10-08
NEW YORK PRICES.

FLOUR AND MEAL-Flour was firm at old prices.
low grade spring and winter. Kansas winters
Rye noar was Moderately active with the Better grades
5e a hg6s ac E & R fG9tsa o ' s. &
IS; winter straghts $ 10q$5 So winter patents - 2ta
gS4 So extra No winter 81 4oa$4 CO. kansas strashJ
steasy G Cioed kin dried S 66Ss 6 BAG MEAL
Steady quoted white and yellow. 81 55G$l 90.
coarse. 81 45asl so FEED-yyestern steady city fIm
Quoted: Western spring 80 20 standard midains So
-four do SIS so; red dog S3l o city bran 81 90 bulk
iny c6op, s27 50 bulk, SIS 70 sacks oIlneaI S54.
from the yesterday and trading Of the
session demonstrated quite eoneusvey that the market
had been cleared Of weak long lines on the opening the
tone steady. with prices 20 points higher This
@ n1sne5 10 points advance and Ciose9 81 10
after opening here by number Of the bears who
Itquidating movement whole list points
Wa very @ sSidsHs that the only cotton for sale was mat
We're made bearish by reports from Boston 10 the effect
that many Of the leading mills Of New England had
had been put unduy high by SPECTATORS
TO- raw Cotton and thus enable these very same miiIs 10
redU warehouses favorable In the after
noon speculative activity In the pr became very active
OF the leading hear houses seemed 10 have got
vance This change Of sentiment brought about by
and reported pending advance in other departments
the cloth markets in New England Whereas yeSeriays
Of practically no demand and cotton pressed for sale TO-
and Surprisingly good demand from prominent mills -
New England Whereas the south has been enjoying
stretch Of perfect weather which permitted Of rapid
created alarm lest rain and wind set in and do
tb belt The government reported tropical disturbance
In the eighborhood OF santo Domingo and this gave rise
approximations OF possible damage cotton within
the next week ITadIns was Vfy & acve ~ % s me @ late
the best figures Of The day Under qSTTes & OF m pTonakn
The 1ass prices in the local market to-day
New-York tribune., 1909-10-08
EUROPEAN PRODUCE MARKET.

Liverpool oct 7.-c1osinE- wIIEAT--spot quiet No 2
sad. futures easy, December IS
shd March. - sad. May. 7s SID CoRN-spot quiet
American mixed tvia Galvestonl- IS q futures du
october 5s I&d. December. SIS 34sd FLOUR-Winter
patents dIH. 32s -. HOPS IN London Pacific Coaso
TIAMs-Short cut. u Is n quiet. b6s I'd BACON.
Cumberland 30 n. quiet Ss, snort rio 10 70 -
~ dull 69s long middles. light 2s 10 - n seaay
Gss Ions clear middles heavy, 20 10 a. 10 nrn "'s
n quiet tis cd clear bellies
- 10 16 n steady SHOU LDBflS-Square. II 70 l3
n steady. LARp-Prtme western IN uefc-s
stead American refined IN rsils steady t2s 90
white. steady. ahs Canadian
6rfst roor.d steady SIS Sd TALloN-Prime city nrH
ggs 81 TURPENTINE-Spir nrn' AS 30 ROoI$..
common hrm los NEUTRALITY-SUSPICIOUS. hrm ISd
IINSEED OIL. 2ss Sd. strong.
New-York tribune., 1909-10-08
BETHLEHEM GETS CHEEvER MINE.
Port Henry Iron Ore Deposit Said To Be the
Oldest of Its Kind in the North.

The Bethlehem Steel Corporation through its sub
sdiary. the Bethlehem Iron Mines Company has
secured control of the Cheever Iron Ore Company,
of Port Henry, n. Y, by the purchase Of 81 per
cent of the stock from the Presbrey interests. The
other 40 ner cent will be retained by Witherbee.
Sherman & Co. who will continue TO operate the
company. The entire output of the mines will be
taken by the Bethlehem Steel Corporation
The production present is about 80 tons a
day but this will be increased it is said, to FIVE
hundred tons day. result Of improvements
to be made. The Cheever mine is credited with
being the oldest known deposit in the North
Its product il is said will mix we'll with the iron
ore obtained by the Bethlehem from its mines in
Cuba
New-York tribune., 1909-10-08
PAID DIVIDENDS, KEPT IT QUIET.
Toledo & Ohio Central Railway Resumed Pay
ments a Year Ago.

Although the Toledo & Ohio Central Railway
corapary resumed dividend payments nearly a
vea- aFo. after a lapse Of twelve years without
sry disbursements its stock, that fact only be-
came publicly known yesterday, when the com
nsn,-s report for the year ended on June 80. 1909
vas made public. The report disclosed the fact
-ra- during the last fiscal year dividends Of per
cent on The preferred stock and per cent on the
common stock had been paid for that year, and
re same amoGnt for the preceding year.
The reason the resumption Of dividends did not
appear in the 1sS report due. II was explained
to the fact that they had been declared subsequent
n the closing Of the accounts for that year, and
consequently had been carried forward as a charge
arains- profit and loss during the last fiscal year
The last public record Of anv dividend payment by
~ company was in July. 1885.
New-York tribune., 1909-10-08

The local market for spot cotton quiet. with
prices 80 points higher at 1$6oc for mIddiing upland
and II FOR middling Gulf Sales bales. deliv
cred 600 bales Southern spot markets
were teeEraphed follows Galveston steady and
1-16c higher IS l6c, sales 767 bales New orleans
steady higher l3 Lice. sales. So bales
Mobile firm and unchanged 12c. sales S00
Savannah steady and unchanged 12st sales 5.2GI
bales. Charleston and = higher at 12A WI
mingtou quiet and n higher at l2& Norfolk quiet
and + higher a lSc sales SIS bales. Baltimore
nominal and unchanged az 3i,c Augusta steady and
higher 127sc. sales. fff& bales Memphis steady
an UNCHANGED at sales 600 bales
quiet and unchanged at I2@,c Houston steady and
13t.c- sales 8iI bales Estimated
leading points for FRIDAY A. Galveston, 15.5oo 20
GOO bales against 23 1US last WC,k and 21943 Inst
wear. New orleans 500 to $500 bales against
900 week and sos last year.
cotton Exchange special Liverpool cables: spot
ton in moderate demand sales. s.o10 bales, specua-
ton and export American 1000. imports, 2 600
all American. middhng upland, Tl5d Futures opened
steady. points higher on near and higher on late
New-York tribune., 1909-10-08

fectors OF the Rio Tinto Company have declared
seini-2nnual dividend OF 80 shilngs as against "a
shillings pence six months ago.
BANKERS TRUST COMPANY INCREASES
SAPITAL~-On October the capital OF the Bank
ers' Trust Company was increased to S3,OOO,OOO
and the surplus and profits TO s6.0000 600. thus
pleting the plan recently announced for issuing
S2oOo.0Oo OF additional stock. The company's rapid
growth since its orEani' alton about six years
Is shown IN its last statement, in which its de-
posts are reported at about $4,000 GOO.
New-York tribune., 1909-10-08
ANclLLARY RECEIVER NAMED.

Portland. Ne. Oct. Prank 5 Butterworth OF
New Haven, was appointed ancillary receiver for
Name Of the Gilbert Transportation Company OF
Connecticut in the United States Court to-day MI
Putterworh also has been appointed receiver IN the
Connecticut and Massachusetts courts
seven vessels Of this company. which
gagged II transporting material for the Cape COD
canal work have been ubeed-
New-York tribune., 1909-10-08
COPPER mINgs CHANGE OWNERSHIP

Phalps, Dodge s Co. have purchased from Nathan
Leopold OF Chicago all OF his copper mining proper
,ss a the Burro Mountain district in New Mexico.
These properties are in Grant County about fifteen
miles south Of Silver City and consist Of the Burro
Mountain Mine and many mining claims, covering
about one thousand acres. The mines have not
p-oeuced any copper for market, although they
have been extensively developed. and i Is not IN
tended 70 make them producing properties AT pres
ert the Phelps-Dodge interests having acquired
rhe-n for future reserves.
New-York tribune., 1909-10-08
BANK OF ENGLAND RATE UP.

London, Oct. THE governors Of the Bank of
England to-day raised the minimum discount rate
from ~ per cent to per cent. This is the first
change since the first day of last April when it
was reduced from per cent.
The decision to raise the rate due TO the
large inroads the banks reserve already made
by exports TO Egypt. which were necessary for
the financing of the cotton crop and the Argentine
Withdrawals The governors were unable to offset
these by fresh arrivals from the mines owing 10
the sustained demand from Russia, which absorbed
available quantities week after week. preventing
the bank from building up the reserve. An ele-
mont in the situation undoubtedly helping the di-
rectors IN their decision was yesterdays decline
in New York exchange on London the recent
sharp rise in money and the calling in OF loans in
New York. which will probably necessitate tho
withdrawal of gold for that quarter against finance
paper which had been placed here some time ago
and the number OF fresh bills still coming forward
The increased rate had little effect on the Stock
Exchange beyond fractional easing in American
securities, operators generally considering 2 per
cent sood working rate Money was in smaller
supply and dearer, while discounts advanced The
market Is now talking of further rise of one-hsIf
OF per cent II is argued that a 3 per cent rate
VIII not stop the outflow Of gold and in many
quarters per cent rate is expected before the
end Of the year. Heaviness prevailed in KaA7rs
while consols essed
American securities opened a fraction higher
Prices then improved under the lead OF Tinted
states Steel, and in spite Of slight easing OFF on
account OF the increase in the discount rate the
market al noon steady with prices ranging
from iec above TO 14c below yesterdays New York
closing
New-York tribune., 1909-10-08
NAVAL VISITORS TO METROPOLITAN LIFE

The commanding officers of the naval squadrons
now IN the harbor. accompanied by members OF
,he,r STATS visited the Metropolitan Life Insurance
Company building yesterday. The guests inspected
sba oHaces Of the company. visiting the assembly
N,u fha dining rooms where the three thousand
euaployes have luncheon daily, and the gymnasium
.nd escendinE the tower, and were afterward en-
s.r1ssned AZ luncheon by the officers.
New-York tribune., 1909-10-08
EXPORTS.
CASH QUOTATIONS.
GENERAL MARKET REPORT.

cp.Y~ New York. October :, 1909
scmewhat erratic to-day and in the proved to
loss The trade stin much unsettled over the
% & oI iealng interests at Chicago which were not
liltle the short side OF the arket There was little
support appeared covering quickly followed and the
close when disposition to even up accounts for tbe
government report due Fridav aferr6o1 LED 70 sbso
day. Much of the hand was bearlsh. but had
result Of the e cheaEo e na5n tag aPbs Tbs as
re attyey weaker than other markets at times because
Price Current acreage has been confirmed
closest investieation in the eTport 5eDaf5t sisa 70
develop any actual business although rumors were again
Tgner9us nun chiefly as to possible business at Wi9niPeE
above the previous night dropped of abruptly closed
in the bank rate Berlin closed Sc higher and Budapest
& sG higher Il than WednesSay latter due to squeeze 9
apprehension being felt regarding ocusts in the Argn
tine which are reported becoming numerous in wheat
The crop at best only expected equal that OF last
tailed the acreage Should damage result now from other
year and receipts
2O4lOOO bush. compared ls27.OO6 bush last
week and 162o00 bush year ago Broomhan estimated
pared with 26.O0O bush last week and 1000 bush
81 os and some ns traders weTs talking 70 loads for
port No red Tneat closed 81 Is aske9 IN e5-vaor mere
81 l6@s ahoat. nominal. CoFN-Except for short
time around the opening when prices sold up about sc
over the previous night the corn market showed little
steadiness the day and at the close
al Commission houses
sold bearish Price Current report. slow
demand private advices 10 the
effect that the crop maturing in fine shape The
movement was moderate consisting Of 240 Chi
where 229 been expected with 5 600 bush at
Western points compared with 192 OoO bush the
The Liverpool market was
unchanged Broornhau Argentine ship
me would 100000 than the pre-
vous No in the local market was quoted
6Si2c elevator domestic 69c delivered; No
6ac nominal O afoat basis yellow 81 lsc nominal
OATS-Having little support any time during the day.
the market OF sc the previous
night with only moderate speculative trade and sent
still rather bearish the crop situation and the
fair Cash oats locally quoted follows
Mixed 26 81 70 421H94Sc; natural white 20 TO g 10
43d45I5c and clipped white. "a 20 AZ n, 43s 4Sc RYE
Market dull: No 2 Western. 76iac nominal New
York. BARLEY-Market quiet; feeding. 5sg6Oc nominal
New York.
New-York tribune., 1909-10-08
PHILADELPHIA CALL LOANS PER CENT.

Philadelphia. oct. THE leading banks gave
ro-oe to-day that the rate for can loans would be
advanced tomorrow 10 per cent This Is the
second advance within three weeks the last change
heinz from 10 : per cent. The change was made
on account Of the sharp rise of interest rates in
New York. and the increasing demand for money
New-York tribune., 1909-10-08
LAKE SHORE Road INDICTED.

Cincinnati Oct The federal grand jury re-
turned an Indictment to-day against the Lake Shore
& Michigan Southern Railway Company on the
charge of violating the Interstate Commerce law
by obtaining concessions in rates on the shipment
OF railroad ties from a point in Tennessee to Chi
New-York tribune., 1909-10-08

Berlin, Oct. The advance in the Rank ~ F,o-
iand discount rate, while influencing the open
market here has caused discounters to assume an
attitude Of greater reserve because they believe that
'ne helchsbank will be compelled TO resort TO an
o'ier advance II is understood that the managers
nave already been comforting this subject but
have come TO no final decision. Reports inspired in
Rel Kelchs5ank circles indicate that the weeks recov-
cry movement has been unsatisfactory The F2oarse
expects a slight advance on Monday Prices were
firm to-day. "o'O