davidaulloa/AmericanStories huggingface dataset:
Evening star., 1911-05-28
CHOP STEEL PRICES
Independents Start War by
Going After Business.
TRUST PICKS UP GAUNTLET
Situation Recalls Conflict of Fifteen
Months Ago.
GLAD CARNEGIE IS GONE
Certain Folks Were Uneasy Over
What He Might Tell the Stan
ley Committee.
By w. G.. Nicholas.
.rrespondence of The Star.


NEW YORK, May 81. 1911.
Some big operators had foreknowledge
of the announcement of cut in steel
products by the Republic Iron and Steel
Company-announcem tantamount to a
declaration for an "open market" The
news was not entirely a surprise to the
street, because 1t had been a we'll known
fact for some time that great majority
of business placed with the mills had
been at cut rates. the average reduction
in prices having reached level of $4
to So per ton under the prices Of 1907,
and almost that much under the sched-
ules two years ago.
Still. it was thought by many that there
would be no open announcement of the
great reduction in prices, and that the
real inside facts would be withheld, if
possible, from general public knowledge.
Such was not to be the case, however,
and it remained for the John W. Gates
Company 10 throw the bombshell which
was to open the eyes of the world to an
unfavorable condition which had been
kept as much possible a trade secret.
Now everybody knows that cutting and
slashing has been going on for weeks
and months. i'll spite of the optimistic
utterances of Judge Gary and his asso-
ciates, and in spite of those numero is
harmony dinners under the auspices of
the steel trust management. The um-
llaholding policy so long and ear
nestly advocated by Judge Gary and his
faction in the steel trust has fallen
down. 1t has proved a fiat failure. as
must all attempts To buck against the
! avs o. trade. which are as well defined
as the laws Of gravity. We now have
| the spectacle of iron and steel produc-
ton amounting to about 90 per cent of
capacity, and Il scramble among every
producer for share Of the ensmalled
| business.
Evening star., 1911-05-28
NEW YORK FRUIT.

NEW YORK, May 27.-Evaporated ap-
pies are scarce and held in a few hands.
and prices are firm. On the spot fancy
are quoted at 15: choice, 13Aa141a: prime.
13a193s. Prunes are firm, but the de-
mand Is small. with buyers awaiting de-
velopments. Quotations range from "a
141s for CALIFORNIA;, up to 3O4Os. and
11%a14 for Oregons from Sos to 30s.
Apricots are quiet. but prices are firm;
choice, 10: extra choice. 1872: fancy, 16H
alt. Peaches are quiet, but firm; choice,
s1aa9: extra choice. 914a91a; fancy. 9ha1o
Raisins are firm. but the demand Is slow;
loose Muscatels are quoted at 5Aa7;
choice to fancy, seeded. 7AaS14; seedless.
5A a6A; London layers, 1.4Oa1.43.
Evening star., 1911-05-28
TREASURY STATEMENT

- mo beginning OF business yesterday
"a condition Of the United States Treas
ssry was: Working balance in Treasury
of8ocs. so. 4o1 BAT; IN banks and Philip
pdne treasury. $34.8S4. 259. The total bal
anoe IN general fund was $s1, ,137, ,924. Or
6inaxy receipts yesterday were S2, Ia, ,79S,
WITH ordinary disbursements Of $1.S59. .s4S
ma surplus TO date this fiscal year is
dk8S. .<6d a. against q deficit OF s15.05S.-
~ at this time last year. These figures
&Iciude Panana canal ana public debt
nnncf3on&
Evening star., 1911-05-28
NEW ORLEANS.

NEW ORLEANS. La, May 27.-Spot
cotton, steady. 1-16 off; middling. 151a {:
sales on the spot, 42o bales; 10 arrive.
160 bales
Futures opened steady l to 8 points
up on the old crop months and unchanged
on the new. Gables were somewhat bet
ter than expected on the old crops but
not quite good enough OH the new. Week
end covering by shorts gave the market
strength around the opening, and the
list was put L to points up. \ little
later the effect of the weather map began
10 be felt. and at the end Of the first
half hour OF trading the more active
months were 2 to ) points down.
Around the middle OF the morning longs
offered the ring considerable cotton, and
gossip was that some of the large bull
interests were selling under cover. The
weather forecast called for unsettled
weather and showers over Sunday in
the western half OF the belt, and fair
weather in the eastern half. This in
crsased the selling. Showers are the
thing most desired. and. the ring in
terpreted the map. the unsettled weather
is due TO get into the eastern belt by
sunday night. At the lowest OF the
morning the list was to points under
Yesterdays last prices. The close was
steady. s points up to . down. compared
with yesterdays close.
May closed 1880: June, 1880; July.
1s.5O: August. 14.59: September. 1912; Oc-
tober, 1900; December. 1894; January.
1871.
Evening star., 1911-05-28
Speed Carnegie's Going.

A good many people identified with the
organization and history Of the steel trust
breathed easier and heaved sighs OF re-
lief when Mr.. Carnegie sailed. Mr.. Car
negie Is known to have been quite willing
to testify before the Stanley committee.
and many OF the trust insiders were fear
full that the wise old Scotchman might
say things that might not look well in
print.
He is believed to have been nursing a
secret crouch against the management
ever since it showed itself able to stand
alone without support or advice from him,
and that this crouch was intensified by
the contemptuous manner displayed by
the Morgan control in throwing Car
negie boys out Of high executive and
operative positions. 1t is not improbable.
however, that Mr.. Carnegie has an ar
rangement with the committee to appear
before 1t on his return from abroad. The
street looks forward with undisguised in
terest to the doings Of the Stanley COM
mittee. It expects to learn q good deal
from the hearings, and will be greatly
disappointed II Mr. Stanley and his as
sociates do not inquire earnestly after
the details Of some Of the deals whereby
insiders worked of their own properties
upon the corporation. The disclosures
along that line would add zest to the
proceedings which nothing else could do.
1t Is the one sore spot insiders do not
want to have touched
Evening star., 1911-05-28
DRY GOODS MARKET.

NEW YORK, May o7.-The cotton goods
markets are firm at the recently advanc-
ed prices. and buying for future delivery
to converters and manufacturers con-
tinues. Jobbers are holding wash goods
firm and are doing more business on
them. Linens are quiet. Burlaps are firm
and tending higher. Underwear and
hosiery for quick use. continues active.
Evening star., 1911-05-28
METAL MARKETS.

NEW YORK, Nav 2T.-The metal mar
kets were quiet and practically nominal,
as usual, in the absence of exchanges
Lake copper. 12.a5al2. 30; electroiytic,
T.. 2.l2l2a123T12; casting. 1l.S7l. .al2. ~. /.
Tin dkll. 43. 7Ga4i.50: lead, 44a45; spelter,
o.35a- y; antimony cooksons, 9.0oa9. 80
iron, Unchanged.
Evening star., 1911-05-28
COTTON MARKETS.
NEW YORK.

NEW YORK. May 27--The cotton mar
ket was nervous and unsettled again
today, and, while bull support prevent
ed a break into new low ground, so far
as May and July were concerned, later
deliveries sold at the lowest prices
reached since the advance eliminated
last week Old crop bull support i'm
parted a generally steadier tone in the
late trading, however, and the market
closed very steady net, points higher
to z points lower
The opening was steady, at a decline
Of points to an advance of points.
and during the first few minutes the
market sold up to net gain Of about
las points, on covering Of shorts in
sympathy with better old crop cables
than expected. and on reports of a fur
ther Improvement in the demand for
cotton goods Rather unfavorable crop
reports from the Carolinas may have
helped the early market slightly, but
such advices had been expected from
that particular section The bulls
support early. and prices soon weak
ened under renewal OF commission
house liquidation and local selling. in
spired by rumors that the National
tion of the crop above So. favorable
crop reports from Louisiana, and in
creasing confidence in bearish condi-
ton report from the government
Stop orders were uncovered on scale
down, and the market for time ap-
peared rather excited. Bull support
developed. however. around 1851 for
July, and that position rallied to 1853
In the late trading. or about points
net higher. and after having shown a
net loss of from to 13 points. August
and later positions also rallied slightly
from the lowest. One Of the bull lead
ers appeared personally on the floor of
the exchange during the progress Of the
early decline. and shortly afterward one
of the prominent brokers began to buy
July aggressively. General sentiment
appeared to be very much unsettled.
and much scattered liquidation probably
reflected evening up In anticipation of
the government crop report next week.
Evening star., 1911-05-28
Club Over the Market.

1t is situation that cannot be tortured
into anything like satisfaction. 1t was
used as a club to beat down the stock
market, which proved to be quite an ef-
fectual one. Heavy weight plungers, know
ing in advance what was on foot, sold
out heavy lines of long stock at the high
prices made on the boom that followed
the Standard Oil decision and there was
also terrific selling by the bear contin-
gent. This latter element acted with
more than usual aggressiveness and
pounded the market without mercy
Steel common was the target and the fire
OF every sharpshooter in the street was
directed against that specially.
All the favorites followed the lead OF
Evening star., 1911-05-28
NEW YORK, May q.
BOSTON, May 81

1t is planned to lay the corner stone for
the new Cumberland. Md. city han on
the same day the corner stone is laid for
the new Masonic Temple, June 6.
Evening star., 1911-05-28
WEEKS RANGE OF PRICES
Corrected to the Close of Business May 27, at the
New York Stock Exchange.
Railway and Miscellaneous Shares.

following
Evening star., 1911-05-28
LEADERS PASSED BY
Attention In Stock Market
Centers on SpeciaIties.
STEEL IN A MINOR PLACE
Little Attention to Issues, Despite
Impending Price Cut.
RAILROADS PAIRING CLOSE
Measures of Economy Disclosed by
the April Reports-Increase
In Loans.
RAILROADS PAIRING CLOS1

NEW YORK. May 27.-The usual lead
ers Of the stock market were almost neg
lected today In favor OF group of spe-
cialties, which were comparatively active
at higher prices. Western Union, Amer-
can Beet Sugar and some minor issues
scored good advances. The dullness in
the standard stocks was especially
marked IN the case OF United States Steel.
which SO recently was the center OF
turbulent speculative movement that un-
settled the market. Today this issue
aroused little interest, in spite OF reports
that prices Of many steel products may
he reduced early next week by all COM
panies. Canadian Pacific resumed some
of its former prominence. registering a
further gain.
Movement Is Narrow.
The movement was unusually narrow,
and many of the semi-active shares re-
mained unquoted through the two hours
session. The undertone was consistently
firm. Although the demand was not
large, the presence of an extended short
interest which was eager to cover, when
ever Ii was possible to do so at conces-
sions. kept up prices and resulted in
small advances
The effective manner In which railroads
have reduced expenses was indicated by
additional April reports. including those
of the Rock Island and Baltimore and
Ohio. The Rock Island reduced it's
operating expenses by S33S,o00. and the
Baltimore and Ohio by $734 coo. and both
roads reported substantial advances in
net earnings.
Revenues Fall Off.
An official analysis OF railroad opera
tion for March shows that the total rev.
enue for that month fell of nearly S11,-
100000 from the receipts OF that period
of 1910. The decrease was due almost
entirely to falling )f in freight. A saw
ing OF per cent IN operating expenses
was effected. y
Returns of the clearing house banks for
the week showed an actual loan increase
of about S1,5O0OOO. with cash loss of
slightly more than So SOC, 600.
Another loan expansion by the nom
member banks and trust companies of
S.06O,OO0 now fixes the total increases
by those institutions for the last two
months at more than S1O5, 100000
Activity In trading IN Union Pacific con-
vertbles was the feature of the bond
market, the demand forcing a substantial
advance. The general bond market was
hrm- Total sales. par value. s.. .036, COO
United States IS lost u on call on the
week.
Evening star., 1911-05-28
Again Talking Copper Merger.

Negotiations looking to the big copper
merger have been resumed. and not much
actual headway has been made. nor will
there be until the tobacco decision is
handed down. but enough is known to
make It clear that the leading interests
are once moro figuring on the practical
contamination of the deal. which has
been taken Up and broken off half dozen
times since it was first broached, about a
year and a half ago. The Guggenheim
party and the Rockefeller-Ryan-Cole syn
dicate are the most anxious to go through
with the arrangements, and as they pro-
duce about 65 per cent Of the metal that
comes out Of American mines their
wishes may prevail.
Phelps Dodge & Co. the next largest
producers. are not caring much one way
or the other. but will probably put their
property into the deal. as will Senator
Clark and a good many other indepen-
dents. What attitude the Calumet-Hecla
and other Lake Superior properties owned
in New England will take is conjectural
They have heretofore been hostile. The
combine. IL 1t is made, will be far more
than 500, 600 capitalization The mar
ket effect of the talk about the merger
this week has been to sustain prices.
Evening star., 1911-05-28

serious in the position. They talk that
way to save their faces and to protect
themselves against charges from any and
every source that they were guilty Of
trade tyranny or trying to enforce
monopoly. Possibly the market commit
ments Of some OF the big plungers who
have controlling voice in the manage
ment and policies Of some OF the big
companies would give a good hint as to
how far the fight will be permitted to
go. This might be an interesting subject
for the Stanley committee to take up
while inquiring into the true inwardness
Of tho steel situation.
Evening star., 1911-05-28

PLACE YoUh MONEY WITH Us FOR SAF5
INVESTMENTS. At times more applicat o.
for loans, on the FINEST SECURITIES. tbaf
money TO handle. Over 500. 100000 placed 3:
our clients last year in amounts ranging fse3
100000 10 Sl00. 90. Address LOAN pS-
PAR1MENT
WAGSTAFF & WHITE. -. 8oi iita ST. a-v-
Evening star., 1911-05-28

PROSPECTING SYNDICATE
now forming 10 prospect and acquire cop
per mines IN Arizona and Ne~ ieaie";
$40 interest may make fortune. Oh4y
q few may join. Write quick. a
II. II. PARKER,
Schofield building. (lek f-1iil. 'Ata,
The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1911-02-10
in PROBATE COURT

O. n. Stearns, administrator OF the
estate OF Rufus w. Stearns, deceased
fled inventory and appTaisement,
q. j. Nolz appointed aud qualified
as guardian Of Joseph Albert Nolz.
Last Will and testament OF Frederick
Baumgartner, deceased, admitted 20
probate. George Hindelang appointed
and qualified as administrator with
will annexed. Inventory and APP
praisement Feb. g.
Joseph Guggenbiller, guardian OF
Rosa Guggenbiller, returned aud filed
appraisement of real estate. Applica-
tion for private sale filed. Bond filed
Order Of sale returned and filed and
sale confirmed.
Order of private sale Of personal
property hled in the matter of the
estate OF John Fetters, deceased.
Recorded ministers license OF Rev.
j, w. Kinkaid.
Mary A. and VIM. Miller, executors
of John Miller, deceased, filed final ac-
count. For hearing Feb, 2s.
Last will and testament Of Chathe-
rine Stafford, deceased, admitted 10
probate. Geo. Stafford appointed and
qualified as executor.
Last will and testament of Michael
Jacobs, deceased, admitted to probate.
Election of widow filed.
In the matter of the assignment Of
Forsthoefel, VIM. II. Romer, assignee,
filed schedule of debts.
The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1911-02-10
:BURKETTSVILLE

The German American Sugar Beet
Co., of Paulding, Ohio, have contract
ed to have 500 acres of sugar beets
raised throughout our vicinity the
coming summer.
Miss Mabel Brit gave, in honor of
her sixteenth birthday, party last
Thursday evening. The company was
entertained by music, singing and
games, of which was followed by
lunch. They all departed at late
hour, wishing her many more happy
birthdays.
Mr.. Adam kittenour and Harve
Manning were IN Greenyille, Saturday.
Mr.. c. c. Snyder, of Marion, Ind,
was in our burg last Monday and
Tuesday.
Miss Zelpha Fisher, of Ansonia, was
in our town last Tuesday.
They are talking some of moving
the st. Henry Canning factory to our
village the coming summer.
Mr.. aud Mrs. Frank Brit and family
we're the guests Of Mr.. and Mrs. VIM.
Shook, at New Weston, Sunday.
l.. G. Metzgar was in New Weston,
Sunday.
The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1911-02-10
PUBLIC
SALE

The undersigned will offer at public auc.
ton, at his residence, One-half mile west oi
Erastus. o., and 21a miles south and l l.;
mile east OF Wabash, and 3H miles east OF
mencing at 10 a.m., the following personal
property:
HORSES-Three head, consisting of one
general purpose mare, weight l40O pounds, s
years old; one grey draft horse weight 1900
pounds, years old; one black draft horse,
weight 1900 pounds, years old.
OATTLE-Oonsisting of two milch cows, /
nine years old, will be fresh March /; one Z
years old, will be fresh June l, both giving
milk; also heifer months old.
FARM IMPLEMENTS - One 2-horse
wagon, In good shape; l international ma
nure spreader, l Superior fertilizer grain
dTill, l l-horse Superior disc grain drill, l
Mccormick binder, l Mccormick mower, 8
1T. cut; l Mccormick disc harrow, good as
new, John Deere gang plow, good as new
hay tedder, 2 breaking plows, 2 cultivators,
stock cutter, Black Hawk corn drill, fertil-
izer attachment; land roller, Clipper fan
ming mill: fiat bottom hay and stock rig
ging, 2 buggies, good as new, with mohatr
top and storm front, rubber tire; iron spike-
tooth harrow, corn shelter, wheelbarrow,
grass seeder, 2 sets double work harness. set
of buggy harness, mud boat, gravel bed, 100
grain sacks, bicycle and hay rake.
CHIOKBNS-Three hundred head OF
Rhoade Island Red chickens.
HOUSEHOLD GOODS-Duplex Phono-
graph with 80 records, 10 and pinch cup
board, New Perfection range oil stove, ex-
tension table, cook stove, heating stove,
hanging lamp and many other articles not
herein mentioned.
Terms made known on day of sale.
There VIII be lunch on the ground.
HIRAM FELL.
o. V. Runyon, Clerk.
g, W. Florence, Auctioneer,
The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1911-02-10

NOTICE Is HEREBY GIVEN THAT
IN the following Administrators, EXecu-
tors and Guardians have filed their ac-
counts and vouchers in the Probate Court
OF Mercer County, Ohio, for allowance and
settlement, and the same will be heard on
the 2Sth day of February, AID. 1911. and set
tied and confirmed II no exceptions are
filed thereto:
EXECUTORS FOR FINAL SETTLEMENT.
Peter Zenz executor OF George Zenz sr.,
deceased.
Mary A. Miller and william Miller, exec
utors OF John Miller, deceased.
ADMINISTRATORS FOR FINAL SETTLEMENT
Harriet Hayes, administrator Of Louis d.
Hayes, deceased.
GUARDIANS FOR FINAL SETTLEMENT.
John NJ. Schlosser, guardian Of Phllome-
ma Ording.
GUARDIANS FOR PARTIAL SETTLEMENT.
John M. Schlosser guardian for Hermann
Ordlng.
John NJ. schlosser. guardian Of Oecelia
Ording.
John NJ. Schlosser, guardian of Josephine
Ording,
Bernard Desch, guardian of Amelia
Roeckner.
P.F. DUGAN, Probate Judge.
Feb 10, 1911. i3-3t
The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1911-02-10
ERASTlJS

J. c. Snyder, wife and son, Leroy,
took dinner with Leroy Kester and
wife Sunday.
l.. II. Burris, wife and daughter,
Henry Adams, wife and daughter and
Goldie Adams visited Sunday with
George Coate and wife, east of this
place.
John Dixon and Chas. Adams at
tended church at Mt Carmel Sunday.
Mrs. John Plummer called at the s..
]. Carmack home Tuesday.
A crowd of relatives and friends took
advantage of Mrs. Kate S,oan's alb
sence from home last Sunday and
when she returned from Sunday school
she was agreeably surprised to find
the house filled with the guests, who
had gathered to help her celebrate her
birthday anniversary. A bountiful
dinner was served and after pleas
ant afternoon all returned home wish
ing Mrs. Sloan many more happy re-
turns of the day.
Amy Grier visited with Sarah Jami-
son Tuesday. Miss Jamison is still
unable to use her ankle, which she
fractured by a fall several weeks ago.
Robert Mcqueen and wife were the
Sunday guests of Henry o. Bryan and
family.
George JamisoD, who has been hav-
ing a severe attack of the grip is con-
valescent at this writing.
Mrs. VIM. Jamison and children,
who have just recovered from the ty-
phoid fever, visited with her father,
near Macedon, Tuesday. Their many
friends are glad to see them out again.
Walter Carmack and Bob Jamison
called on Tom Adams Saturday even
ing.
Russell Dixon and lady friend at
tended church at Wabash Sunday
evening.
The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1911-02-10
COLDWATER, ROUTE |

John Boley was hauling hay from
Charles Rabe's Monday.
DR.. /. J. Rams bottom returned home
/ Monday from an extended tour of Ok
lahoma.
This winter is good time to note
the lack of comforts about the farm
home and then supply them during
the next summer. Winter is poor
time to make house changes.
Ignatious Rauh left for Sidney Sat
urday, where he will spend a week Wis
iting.
A crowd of thirty-two gathered at
the home of Mr.. and Mrs. Than Run
kels Monday evening, giving him a
genuine old belling and wishing them
good luck in a hearty manner. The
evening was spent with fine music and
games and drinking beer.
Anthony Rauh was at Coldwater on
business Tuesday.
Miss Rachel Bourelle spent Monday
evening with Amy Runkels.
Iwonder who that fellow was who
passed through here Tuesday evening
singing everybody works at our house
but father.
Subscribe for the good old reliable
Democrat and get the very best of news,
for it is getting to the busy time of the
year.
Theodore Rauh was at FIT. Recovery
Monday evening on business.
Prescriptions accurately filled and
no substitutions at Riley drug store.
The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1911-02-10
MONTEZUMA

A union meeting of the M. E. and u,
b. Church began Sunday evening.
Mamie Clawson, of Geneva, Ind,
visited with friends here over Sunday,
Ethel Monroe returned home Satur-
day after "A fow weeks visit with rela-
tlyes at OakwoOd.
Edward Smith and family visited
over Sunday with Perry Cisco and
family near Rockford.
Ruth Monroe spent Sunday with
Stella Monroe.
Mrs. Mary Gillespie, Of Celina, spent
Sunday with relatives here.
Elsie Preston and Chloe Moore, OF
Bradford, are spending this week with
relatives and friends here.
John Moore visited with relatives at
Rockford a few days this week.
Luther Monroe went TO Brad ford
Saturday.