davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-17
The Financial World

Wall Street is treated % a demonstrates, a.
what Is natural in courageous finance. NJ,
representation. even though supported bv NOS.
vigorous campaigning. accomDIishes little. ana
that but briefly. Illustration clearer. stren-a,
more significant. could not be provided tbar
appears in this weeks record OF United stats.
Steel shares upon the New York Stock rr-
change. Raiding tactics were IN evidence A.,
after day until the common stock was fs,~ss
down practically ten points below IT'S rscsrf
high record At S. predictions were loud "a,
% would be the next notch. 10 be followed ~
65. 55. 45 and 50 on until all the ~actitl,n.s
value had disappeared. The bubble was IA 4.
Drieked But IL refused 20 be a bubble. A.,
immense volume OF buying orders from Ar.ev..
can and foreign investors appeared az the IA
cline-the whole financial world evidently MIN
izing favorable opportunity to acquire stssI
shares at any fair concession. The result "a
recorded in the closing price OF the stock within
two points Of it's extreme high quotation.
the theory that industrial securities are necs.
sarily dangerous securities is no longer tenaba
Company after company emerges from panie
pressure-as. for example, American Linseed
OIL. which after passing through a long period
of adverse conditions now sees dividends m
sight upon its preferred stock. AS. for another
example. Vulcan DEFINING. smallest property
600 total, of which the common stock is below
30 with dividends quickly appFoaehins-a re-
markable market paradox.
Many other instances could be cited Of Indrs-
trial properties presenting exceptionally favor
able investment opportunity, and all such prop
critics must and VIII feel the beneficial effect o.
United States Steel leadership Copper stocks
begin to feel the impetus with Amalgamated ar
the 'front.'
Notable and illustrative OF the times was ths
banquet given Friday night by the iudependsHI
steel men to Judge Gary. At that meeting Moth
ing was heard but sentiments OF eheerfuIne,S
and good viii. Such a gathering would have
been impossible ten or five years ago. When
Mr.. J. PierpOnt Morgan said: Il cannot say how
much this means to me- he said more than
those mere words ordinarily mean. To him per-
sOnally it must have brought home the sense
of triumph SANDER and vituperation-ths
consciousness OF duty done-Of faithful servsse
FendeFed-rendeFed 20 the public. But thers h
something more in this than personal victory for
Mr.. Morgan. There Is tie establishment for al
time OF the standard of American business a.
tegrity-there is notice to the world that rlg5t
here in the United States is enduring develop
ment bulWarked by absolute good faith. Evsrv
promise made by the Steel Corporations man
ayers has been kePt-and every promise is 10 IA
kept Under such leadership American indus
trials have premiership, and can hold 1t.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-17

Exceptionally notable IN its immediate con.
sequenee-and bound still further to be Ianu
entail for the futures the announcement thar
Edwin Hawley has come into control OF ne
Missouri. Kansas and Texas system. II Is hard
ly 70 be said that the official disclosure cane
as a surprise to Wall Street. for throughout the
year there has been persistent gossip as 20 NJ
Hawley's plans in this direction. The accom-
plished fact. however. has importance far beyond
the possible measurement OF any Off hand cal
cUlGtiOn. What chiefly is to be considered has
do with the probable relation of this new ac-
QUESTION TO the policy with which Mr., Hawley is
credited for the amalgamation of his various IN
dependent Observation-Disclosures in his personally
controlled group being systems like Chicago and
Alton, Minneapolis and St. Louis Iowa Contra.
Toledo. St. Louis and Western and ChesapeaSe
and Ohio. A popular Wall Street expectation IS
that there will be soon announced the orsani=F
tion OF a corporation which will take inclusive
control of all these lines This would mean tFe-
mendoUs concentration economies. It would
make possible stupendOus cooperative expaR
sion. Greater business, smaller sXpeRse-aug-
nnented dividends-thus naturally would run the
record
Mr. HawIey himself declines to be prophet
He is unhesitaEt in assurances that what has
been accomplished (and what In the future Is
to be still further accomplished will be helpful
pect he stays utterly nOn-cOmmunicatiVe-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-17

one remarkable phase of the hroadenihs %
Wall Streets market Is that the hetterment re
;stesed is almost wholly confined 10 quota''O-s
uDon the stock Exchange. General seeUritNse 20
p,t vet participate in the natural substantial
Improvement recorded. Not only have se"e.e
stocks not gained cOrrespOndingiy not aetualS
gained at all. but even as rule they nave w
ciined-and are to-day practically NJ t9eu loNe7'
range The incOngruity OF this makes q curious
Wall Street chapter. not eNplcaole upon Any
basis defining intrinsic value. In nine Out on
ten cases these outside stocks fell orisihsiN
because Of panic influences and eXigencies-ne'
because OF anything having TO DO with tneH
own status or controlling conditions '"e,
were thrown overheard by owners who eeW~
not afford 70 keep them-for under panic con
ditions Wall street rules were established WHICH
Disseminated arbitrarily against any stock no.
continually active upon the New Hork SION
Exchange. Thus market values were Quossa
which in no way or to any fair extent IsR'0
sented worth And IN the recuperation tnst h"'
ped-reiuvenated-the stock Exchange ma
ket they have had no chance - Partic'pa1'0u
for the reason that there are few brokers -
have 70 do with stock Exchange stocks "A' -
also Interested in those that are or tna -
change. Inherent value. thus. ia ignored V"''
listed stocks set attention.
Situation like this isn't OF course. likely ~
'ont:nue-cannot continue where market ve n
,st in the end always measure up equal y ~ y.
sic value. Reason cor exposition Or ~ 49, 80 ~
thin. can be found in the general anticipatoA -
ever he most conservative banking intsrs s' ga
Wall 'treet that in the very near sue Who're
will see the market broadening oat 80 s-t,;ss
hensively that these neglected general SEQ.
viii be embraced aud have fair oppoE'aA'"'
Upon the stock Exchange the eemlnk "''
promises exceptional actiVity-eucygsIns,y.u
H AA-AS<o
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-17

Upon the stock Exchange the eonlIn<
II AL1AS<sS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-17

How conservative opinion and anticipation are
Influenced. however, appears in a review lssoF''
at the end of the week by a prominent New
York stock Exchange firm. with especial retsE-
arce tn Chicago and Atoms outlook. saying;
THE increasing gross earnings OF 1tltoM HNss
beeD largely turned back into the uphuildlns o.
the property. Its present physical condltloH =
better than at any previous time IN us Als'o.i'
Alton should sell measurable hisher tiai -
mo Guotat3ous- and a reimbursement OF the mai
ket price may be reasonably looked Tor
What this means. and what is meant by sum
liar conservative ut4eFanees manifold Is tnHl-
inst as THE New York Evening Post mas sai0-
',EIavIey keeps faith" AS premier OF tae law
lev properties, Chesapeake and ONO StocA sl9 t
soon sell AT par, Independent OF any e'i''''
it is now earning ) per cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-10-17

And in the new chapter opening III wa"
Street-in this actually new dispensatlon "he'e-
in the general public has opportunity 0r IAN
participatiOn-it is earnings that Sount-e@Fi-
ings transferable into dividends-couht Ii''"
diately infuentially, dominantly ma TINS
true in every group and class OF securlues-uoo
OF MIR. ]. p. NIorgs 5 Steel common whose pres
emit 2 per cent. is on it's way to 8 per cent. BE-
cause is per cent. Is being earned; true OF AT.
John d. Rockefellers .merican Linseed Gem
panv from whose old deficits there Is progress
10 early substantial dividends; true OF N1issr
DEFINING whose common stock, thHush Ss -,
now at barely $50 per share, Is earning Houi
= To 10 per emit
The Penn's Grove record., 1909-04-23
Borough Council

A regular meeting of tile Borough
Council was held Tuesday evening.
Mayor Gentieu presided with Council
men Layman, Keen and Kille present.
The Mayor stated that he and Solicitor
j. W. Davis had attended court that day
for the purpose of having the hotel license
raised from $500 to $500, but the Judge
refused.
Current bills were ordered paid. War
rem G. English and Richard F. Shannon
we're appointed members of the Board of
Health to succeed themselves.
The street committee was authorized to
have closets put in the Borough lookup
as set forth in +. II. Elliott's contract.
A petition of property owners with
eleven signers was presented to the Coun-
Gil for curbs and cutters oil certain streets
The notices presented concerning said
applications were ordered published in
the Penn's Grove Record. Also 100 cop
les of the notices were ordered printed.
A new shoe was ordered for the scrap
err. The street committee was authorized
to put a drain in front of Edw. II. Keen's
property.
The Penn's Grove record., 1909-04-23
PEDRIcKToWN T

William Huber and sons Russell and
Davis drove to Bayside ON Saturday.
They covered the distance, forty miles,
in about four hours, returning home on
Monday.
F. J. Gaventa spent Tuesday in Salem.
The social held by the Willing Workers
Workers OH Saturday evening was a deci-
ded success and a nice sum was added to
their treasury.
Miss Ida Ziennecker was the guest OF
Miss Alice Huber on Sunday.
Loyd Leftwich and Miss Nellie Ashton,
of Philadelphia were the guests OF David
Snyder on Sunday.
Lewis Geiger, of Philadelphia spent
from Saturday until Monday with his
sister, Mrs. John Cook.
Mrs. Henry Strowbridge is entertaining
her mother and sister this week.
Miss Virginia Hewitt, of Bridgeport,
is spending a week with relatives here.
Edward Prigger had as his guests ovel
Sunday George Stony, of Cleveland, and
George Hammer.
DR.. and Mrs. Black entertained his
sister and children ~over-Sunday.
Mrs. Maria Layton is spending ten days
with relatives in Philadelphia.
Mrs. George Richards recently enter
tanned her brother and family of Caps
May Court House.
Miss Ruth Ellis is spending severa
weeks in Camden.
George Gaventa spent part of last weel
in Philadelphia.
Mrs. Ethel Pedrick is still quite i'll il
the Methodist Hospital.
Miss Mary Crispin, of Swedesboro
spent Sunday with her parents here.
The Penn's Grove record., 1909-04-23
Spring Garments

Our garment department
keeps up its usual great ac-
tiviy. Large stock and new
arrivals keep the assortments
complete and exclusive. Many
styles in Two-piece Suits OF
Panama, Serge, Checks,
Stripes and mixed effects, in
sizes for Women, Misses and
Girls, at $15 TO $50, with every
in-between price.
Large showing of Cloth,
Silk and Pongee Goats, in a
wide range of prices.
Separate Waists and Skirts.
We are showing many Of the
newest, models in one-piece
and coat styles in Linen Suits.
The Penn's Grove record., 1909-04-23
Fishing Notes

There was a big run of shad last Mon
! day and Tuesday. The bay fishermen
got the heaviest hauls and the river fish
ermen who ventured in the rain were
well rewarded for their labors. On Mon
day catches off PENIS Grove were from
100 down. On Tuesday the general catch
was from 100 down, with a few extraordi-
nary catches. The highest nets were
Wm. Vanderslice and Ellis Vanneman
800, Tom Phillips $50, Jon. and Frank
5Solbow I'll, Joe II. johnson and Vincent
Biddle 202, John S. DoIbow $50, Jonas c..
Raine 118, Roberts and Trumbull 100.
The catch on Wednesday and Thursday
was from 80 on down.
The catch in the bay on Monday was
the largest days catch for some years.
Denny Bros. had to have an extra boat
TO take the 30 1000 shad to the Philadel.
phia market on Monday. They took
shout $4,000 on Tuesday and abont 1000
on Wednesday.
The wholesale price on Monday and
Tuesday was SIS; Wednesday and Thurs
day $40.
Strengthen Bros. caught a large sturgeon
on Wednesday the first of the season
worth about SIS. 1t contained about A
pounds of roe.
The Penn's Grove record., 1909-04-23
NEWS.

April 21-Sunday, May 2, will be
observed as Rally Day in the NJ. E. Sun
day School. A program is being prepared
and additional music will be given both
afternoon and evening by musical talent
from a distlnce.
Like other merchants in nearby places
and at a distance, p. 2. Sweeten and
Cawley, Green have received postcards
on the. back OF which was printed in
large letters 'sThey're Coming Back"
mailed in New York,
Mr.. and Mrs. George R. Pedrick
arrived in New York last Thursday
having come by water from Florida
after spending three months in Miami in
that State. Mr.. and Mrs. Pedrick are
now visiting their daughter, Mrs. Abram
Detwiler, i'll Camden,
Albert Risner drives a new E. M. F.
automobile.
Born, to Mr.. and Mrs. Hamilton Pedrick
a daughter on Friday April l6.
Chas. Swaverly's, Albert Risner's and
Hamilton Pedrick's houses are being i'm
proved by an additional Goa OF paint.
A daughter was recently born to Mr..
and Mrs. Albert Park.
Mrs. Lavinia Davenport is visiting
relatives in PENIS Grove.
Chas. Lock, OF Swedesboro. is spending
a few days with grand parents, Mr.. and
Mrs. Samuel Shute.
Miss Ethel Ellis, of Camden, visited
Mr.. and Mrs. Thos. Roberts over Sun
day.
Mrs. Sara Minford. of Philadelphia,
has been visiting her sister, Mrs. George
Roberts, for a few days.
Mrs. Peter Krokenberger. OF Clarks.
boro, has been spending a few days witt
her daughter Mrs. Chas. Swarerly.
Mrs. John Hewitt has returned from {
few days stay in Camden.
Mr.. and Mrs. Thos. Longacre, OF
Swedesboro, spent Sunday with relatives
George Butler. Of Philadelphia, spen
part of last week with Mr.. and Mrs
Isaac Pedrick.
Mrs. John Vohman and daughter
have returned to their home i'll james
burg, after a few days stay with DIR. anc
E. M. Black.
Mr.. and Mrs. F. G. Sparks and Hamll
ton Pedrick spent Sunday in Camden.
Mrs. G. S. Dufield and twin babe
have returned from a three weeks sta,
in Camden.
DIR. Jay Crawford is making a bushes
trip to Texas to remain several weeks.
The Penn's Grove record., 1909-04-23
A Good Insurance

ooh, yes; l am in much better spirits
daughter" said the bright-eyed old lady.
"Then l was dreadfully anxious about
my girl and her little children. You re-
me mber l was down with rheumatism
when the message came that her hus-
band had died suddenly. He had always
received a good salary, but they spent
family was %unprovided for unless he had
insured his life. Even when l learned
that he was insured in a big, strong COM
pany, l was ap~prehensive that Helen
would invest the money unwisely, or
would fritter it away. She has no head
for business-mighty few women have
any idea what to do with money. But
when / went to see her l was greatly re.
lieved. | found that the insurance was
in the Prudential-they'v certainly got
| the right name-and that the plan bro
vided against woman's ignorance OF
fnancering by paying the policy money
in monthly checks, instead of all at once,
in a lump sum.
Eyes, every monthly expenses and 2
little over. 1t will go on that way fo,
years and years; indeed as long as she
lives. It's a new idea and a good one. A
married woman who has had no occasion
to handle money is apt to be bewilderet
when a large sum of it tumbles into he
hands. A few thousands Of dollars SEEM
no end of money to her, and she eithe
goes to spending it right and left or som,
neighbor advises an Investment that u
out badly, or some plausible fellow per
suades her to marry him that he ma
get hold of her money and spend it as h
likes: But with this monthly incom
plan, a woman can't be defrauded and sb
can't defraud herself. 1t is just fine. j
gives the comfortable feeling my oil
English aunt said she had after 81
bought an annuity, and had no moi
bother about money as long as 81
lived."-Mrs. Mary E. Bryan in Il
"Open House" in Uncle Remus's.
The Home Magazi
The Penn's Grove record., 1909-04-23
GRAND JURY
LICENSE GRANTED1


Judge Sinnickson granted the follow
ing licenses, Matthias Lehman, Centerton,
fee 500. Samuel French, Woodstown,
$500. Israel Harris, Alloway, fee 500.
Samuel H. Murphy, Elmer, fee 500.
John Ryan, Pole Tavern, fee $500.
William D. Acton, Pennsville, fee 500.
When the application of Joseph G.
French, PENIS Grove, was read Borough
Solicitor j. w. Davis asked in behalf of
the Mayor and Council that the fee be
raised from $500 to $500, and presented a
petition signed by them setting forth
reasons for it. Among them were that
Penn's Grove is a thriving town with
only one hotel, surrounded by a rich
farming region. The pay roll of the
DUPONT Powder Works is 1892, 900 a year,
besides it is a place ~frequented by excur-
sions and between 800 and 500 city peo-
pie s~ojourn here during the summer
months. 1t was recited i'll Salem four
hotels pay $500 license each and two
bottling places 5000 each. If Salem re-
ceived license at Ghe same rate as Penn's
Grove it would receive less than $500.
If Penn's Grove received at the rate of
Salem the license would be 81, 000.'
L. O. Acton represented Mr.. French.
He said this place seemed to be a mark
for a lot of d~isgrunted people. A year
ago Mr.. Davis represented the Anti-Sa-
loon League and declared a licensed hotel
not needed and now declared it all ex-
cellent place for one. He said twenty
one years ago the fee was $4,000 that i'll
1888 it was raised to 500 90: III 1891 to
$3.50. 90; in 1899 to $4,000; in 1902 to
$500. 90; in 1904 to $500 90 and then last
year the Court, after being petitioned by
the Borough Council of Penn's Grove,
raised the lee to $500. 90. He said the IL
censed fee for two hotels in ~Swedesboro
was 5000, Paulsboro one at $3.50, Wood
bury license fee was $3.50 for two.
Judge Sinnickson said it was clear that
Mr.. Davis had a misunderstanding OF the
situation and that Judge Trenchard and
he had decided that the fee was plenty
high enough, and nov larger than any
in South Jersey for a borough the size
of Penn's Grove, and they would not raise
it; that license fees are not imposed to
raise funds for municipal expenses, as
was thought in Salem City, nor are fees
based upon the amount OF business that
a hotel may do IN a year. He said the
license would be granted and the lee fixed
at 5000, the same as last year.
The Grand Jury returned eleven in
Arthur Elliott, negro, assault
and battery, did not appear and his bail
OF 5000 was forfeited. Walter Scott
breaking and entering and larceny
If articles from home OF James Backs,
William Griscom, negro, in
decent conduct, guilty. Absolom Gibson,
assault and battery, not guilty.
William Pope and Robert Deering, sol
dieis, for assault and battery on Mr.. and
Mrs. FL. B. Ware; and Pope for assault
on Helen Pembroke. Both plead not
The Penn's Grove record., 1909-04-23
PERSONAL MENTION and SOCIAL NOTES
The Whereabouts And Doings OF
Good People You Know

Joseph F~eatherer, of Philadelphia
spent Sunday with his cousin, Joseph 5
Flanagan.
Miss Hannah A.. Summerill is visiting
her cousin Mrs. James Hoffman a
Mickleton.
Mrs. Elizabeth Van Kennel, of Borden
town, is visiting her sister, Mrs. David
G. Simpkins.
Miss M. G.. Pendergast, of Chester,
began teaching the sub-primary pupils.
on Monday.
Mrs. Elizabeth Alloway has been
| spending a few days with friends IN
PENIS Grove.
Mrs. Susan Shannon of Philadelphia,
has been spending the week with rela'
tiyes in PENIS Grove.
James Sweeten and his daughter, Mrs.
Mary Diver, left on Thursday to spend a
week in Washington, d. G.
DR.. and Mrs. Frank Manchester, OF
Wilmington, spent Sunday with his par
ents, Rev. and Mrs. L. o. Manchester.
Mrs. William A. Wentisch and An
drew Wentisch, of Philadelphia, were at
their cottage on Delaware Avenue SUN
day AND Monday.
John Black, OF Camden, son of the late
John S. Black, who does paper hanging
for S. R. Leap & Son, has moved his
family into part of Wilmer Reefs house
on Harmony Street.
The relatives in this region OF DIR.
William S. Vanneman, medical mission-
airy at Tabriz, Persia, feel concerned
about the welfare of himself and family.
The city is besiged as will be seen OH the
fourth page of this paper.
Rev. Sanford M. Nichols, PHI. D., Of
Camden, made his first visit to Penn's
Grove OF. Wednesday as Superintendent of
Camden District. He spent the day re-
newing old acquaintance and calling on
old friends, the first call being at the Ret
ord office, where he will always find the
latch string out. In the evening he held
the first Quarterly Conference at En-
manuel Church.
The Penn's Grove record., 1909-04-23
Imported Hose.
25c

Full fashioned Hose for
Women such as these we are
showing are not always obtain
able. By placing our import
orders months ago we were
able to secure values much
better than usual.
Black, Tan and White, in
cotton and Isle, at 25c a pair.
The black is the best, being
Louis Hermsdorf' dye.
The Penn's Grove record., 1909-04-23
FoulardDresses

Those who wish to avoid the
trouble and delay often ex-
perienced in having your
sewing done at home can
find in our garments depart
ment a line Of ready-to-wear
Foulard Dresses that for style,
quality and workmanship
possess all the points of excel
lence of custom-made dresses.
Large varity at $50. $1S, 500,
$50 and sos.
The Penn's Grove record., 1909-04-23
HOME HAPPENINGS.

John Norton was unfortunate in loos
ing his hot bed by fire.
Corn sold as high as 80 cents a bushe
at a sale at Clayton last week.
Emmanuel Brotherhood and Auxiliary
will hold a supper OIL May 3lst.
Amos G. Justice has the frame for hi
new double house on South Broad Stree
raised.
The cottagers from Philadelphia and
Wilmington, have begun to spend Sun
days along the river shore.
Amos G. Justices farm house neal
Perkintown was struck by lightning
about 7.30 this Friday morning.
A complete line of stationery, and
toilet articles at Johnson's Drug Stores
William F. Yeager has had a cement
block fence erected which improves the
the appearance of his property.
Town girls heed farmer-boy drivers
when they go riding. Farmers do not
always know how highly town girls en-
joy buggy rides.
New Castle is hoping for great pros
perity with four steel plants ready for
action, all of which have been built with
in the past six years.
Last Monday was a beautiful summer
day with the temperature in the 70s.
Fire was not needed for comfort. April
showers have since prevailed.
Some early truckers have their canta-
lopes and early corn planted. Early
truckers get the high dollar, also the frost
sometimes. A few early tomatoes have
been set out.
The w. G. 7. U. cleared $83 by their
supper and festival last Saturday eve
ming to be added to their public fountain
fund which now amounts to 500 in
bank. The members wish to thank all
these who contribute and assisted.
For SALE, early tomato plants at 25c a
dozen delivered to any part of the town.
CHAs. L. SMITH 4 st
A delegation of Sons of Veterans gave
Lieut.. Edward Fl. Green a surprise visit
at Woodbury. last Saturday evening.
Camp No. SO at Penn's Grove is named
for Mr.. Green who has taken great in
terest in the veterans as well as their sons
and grandsons. Camp No, SO has 127 MEM
bers.
Educate yourself to save money by
opening an account in the Savings De-
partment of the Penn,s Grove National
Bank. 1t will earn you 3 per cent inter-
est compound semi-annual and you can
draw on IA days notice.
For Hats go to Dubell the halter
No. 2 East Third Street, Wilmington
Largest stock and lowest prices in the
city. 42-3m.
(ampbelrs Stain and Floor Finish is
the most durable finish for floors and
surfaces that are walked upon. Made
transparent and in colors initiating natural
woods. s. R. Leap & Son upon request
will show a sample of flooring coated
with this finish. 1t wears longer than
regular floor Varnish.