The Detroit times. [volume], February 01, 1908, LAST EDITION, Page Page Six, Image 6

About The Detroit times. [volume] (Detroit, Mich.) 1903-1920

Image provided by: Central Michigan University, Clark Historical Library

                
Page Six
ESTIMATES SHOW
\m INCREASES
|OVERUSTYEAR
(fire and library commissions
I (.'AND f. CITY CLERK SUBMIT
f (Larger budgets— many sal
B ARY BOOSTS ASKED.
(f ’ Tbe Increase in estimates predn t»d
■|Dr the coming fiscal year is shown by
Itfreo budgets which came in Saturday
Interning to Controller Doremus’ of
(gtee. They are the estimates of the
Efim commission, library commission,
ROwing to the fact that there are to
Ifbe eight elections ami registrations l>«-
Hpreeu July 1, 19ub and Ju 1 > 1. Id".',
(and that u boost iu pay for election
pAcirs is proposed, the voting cost
Infill be high. For this year, the ap-
was only $9,000, but s9<).-
(b4L la asked for next year, the larg-
Hit Item being $16.50!* for the coining
(pal! election. Twenty-five new voting
Bp&otbs at |iso apiece are asked for.
[Sbe estimates figure election inspec-
It6ra and clerks at $8 per day, and
5 EjUmosl a million and a quaiter is
(asked by tbe fire commission for the
(year. Last year, $1,042.91*3 was asked
(.for and $798,916 allowed. An increase
n the force is asked for and boost in
Hpy for u large number of tbe tire
Itnen. The commission wants 13 pipe
(pen, ladderunm aud drivers at $l,OBO,
|}s2 at $l,OOO. 41 at $9OO and *lO4 at
[ ssoo. aa against 227 at $l,OOO, 17 at
|s9oo and 68 at $BOO for this year, a
[ total increase In privates from 312
MO 396 men. Very few other increases
Kip re asked, the stenographer's request
(Tor $1,500 Instead of $1,200 being the
p BWPgest A number of machinists are
[given increases and additional men
ptae asked for. All Items for supplies,
ipie.. are larger than the approprta
gitous of tbe present year.
KrThe total fire commission estimates
hu $1,232,865, of which $882,233 is for
E maintenance, and $350,632 for im-
Improvements. This includes four new
piftgine houses and two ladder houses.
PA ladder bouse and eugine is asked for
[.Ffclrvlew, the same for Delray, u north
lypd engine house and an engine house
| : at Hancock and McKinley-aves., the
|four engine houses to cost $39,665
nnd tin* ladder——s26,37s
are in order iu the library.
|A» Increase from $3,300 to $3,600 for
ILlbrarian Utley is asked and from $l,-
p|so to $l,BOO for the first assistant.
i?Ten thousand dollars is wanted for
Mil© book stack room of the main libra
pry and $11,700 for anew Michigan
pive. branch, beside $2,500 each for
Knifes for the Gratiot and Dlx-aves.
PPranehes planned.
|&The net library appropriation de
|sJjr©d, allowing for estimated receipts
|l»f $11,250, is $105,477, whereas only
$594,094 was asked for last year and
Iptfy $85,726 allowed. Four new as-
IWataoLs and one Janitor are the only
flncreases of force asked, but boosts
jjysH wages are to he given the pages
IpSity Clerk Gaston asks $22,294 for
Rw office, the only change from last
(year's appropriations being $l,OOO
Sjjtnore for printing council proceedings
(|"Tbe city council Is the only body
will be cheaper. There is one
fpias session this year than last, and
fitProprUtion is minus 33 .me*-.
jpenger service for one night.
Patrolman digs
MAN OUT OF SNOW
wJoseph Hleagua. a laboring man, 11 v
hpg near the western city limits, In
PDetray, sought to fortify himself
lagalnst the blizzard. Friday night, and
Succeeded so well that he mistook a
(Snowbank on West Jefferson-ave.. near ,
(SoJvay, for a downy couch, and turned ,
for the night. He was Just dozing !
Est When a D. U. R. snow plow came :
Ekmg and threw extra blanket of
(know over him.
BA Fortunately for the man, Patrolman
HffeUace Cowan caught a glimpse of
Hpi feet sticking out of the hank of I
Know and roused the sleeping form.
the- M":C‘tr *—•* *• •f* .-
Ptleagmi was charged with being
pKlMlk. and Justice Stein suspended
|(rincess Makes
BWatches That Go
"A
lYtan mm llrrnlnr, of liruM, mlhm#
■jk:.JP'B<aV. *■ k*T» la M rxprrt
IpWatHMMMkW. ai»* b«« frrqantl r
B. **mmn ktr «v«rk mi l.rnaM
K; nkfMtUiu •■<* It la miM ihr I'oiild
Sr r m* tkr trade. If It
r.SHiU evrr Sana—a nrrtmmmty.
- - •*• -
'p;:'. ▲ I
NEW SPEAKER FOR C. H. S.
HOUSE OF REP.
I \ •' 1
The students of the Central high
school house of represent a tlve«* acU*d
like real statesmen in the election of
officers, held Friday afternoon. The
house was divided into two parties,
the conservatives and the progres
Hives. The progressive party stood
solid for the re-election of Speaker
Cummings Cox, but the conservatives
were divided between two candidates.
After much mud-sllugtng, the first bal
lot resulted as follows: Cox, 14; Mc-
Mahon. 11, and Kehoe, 9. Kehoe with
drew in favor of McMahon, who de
seated Cox, 19 to 15. Officers for the
year are: Morris McMahon, speaker;
William Gordon, clerk; Charles Col
lins, assistant clerk and treasurer, and
Richard Vernor, aerKeantoit-arm#.
HAMER WORKS ON
STREET PS SNOW
SHOVELER
»■■■■ 1 —■
COMMISSIONER RISES AT OAY
BREAK, DONS BOOTS AND MIT
TENS AND SHOWS GANG HOW
TO HUSTLE—SOO MEN AT WORK.
Cleaning snow from the streets gave
employment to 600 men Saturday
morning. The work started at 3
o'clock with less than 100 men. but
the force was gradually Increased
during the morning, there being final
ly 200 men busy with the shovel In
the downtown district and 225 else
where. About 60 teams hauled away
the snow and disposed of it.
Commissioner Jlaarer was up him
self by daybreak and took personal
charge, goiug out in big boots, thick
cap and mittens to boss the job.
“Here, let me show you how,” he
called to a novice who had not master
ed the art of shoveling, and. prompted
by the example, the whole gang work
ed harder than ever. commis
sioner tossed the snow right merrily
| for a time.
Leopold Tobianskl. the superintend
ent of white wings, took charge of
the early crowd and is working them
right through the day. Superintend
ent. of Street Cleaning Aldrich, Assist
ant llllmann and Foremen Smith and
-Fuole each hud gangs in the down
town district.
“Unless something happens to inter
fere with us. we shall have the down
town section cleaned by night,” said
lino po**
BROOKLYN BANK
KEEPS DOORS SHOT
NEW YORK, Feb. I.—The Home
Bank of Brooklyn, which was hit by
a run yesterday, failed to open its
doors for business today. It was said
that the suspension of the Mechanics
and Traders' bank, in which institu
tion the Brooklyn concern had a large
sum of money on deposit, was respon
sible for the closing. Win. C. Damron,
president of the Home bank, is a dl
rector of the Manhattan Institution.
“ Superintendent or Banks Clark Wl!
Hams ordered' the closing, after a
meeting of the board of directors last j
night and a state bank examiner was
put in charge. Although no official
statement was issued. President
Damron said that the institution was
perfectly and would resume
business shortly. The deposits amount
to over $700,006 and the capital stock
is placed at SIOO,OOO.
CITY AND SUBURBAN CO.
HAD A BUSY WEEK
’1 he City & Suburban Homes Cos.,
Ltd., ground floor. 85-37 Stalest., R.
M. Grindley, manager, report the sale
of the following property:
For K. R. Lewis to J. Keuzie, lot
on Van Dyke-ave., for $1,700; lot on |
th£ corner of Twenty-fourth and Kir
by-ave., to Z. Randolph, on which the
purchaser will build u two-story eight
room house; house anad lot, 232 Liu
coln-ave., between Canfield and Ly
sander-avos, for A. L. Hall, to Supt.
John J. Downey, of the police depart
ment, -for $6,000; Mr. Downey hhs
purchased this for a home for him
self; cottage and lot on south side
of Baker-st., between Twelfth and
Vermont-ave., for $800; lot on Chene
st., between Hendrie and Medbtiry
aves., 30 ft. front, to Joseph Ignatz,
for $600; two lots on Harper-ave., In
itobt. L. Walker’s new subdivision, be
tween G allot and Stephens-aves., each
30 ft. front, for S3OO each; the pur
chaser has commenced the erection of j
a cottage on one lot; a house and lot
on the south side of Chope-pl., near j
Twenty-fourth-st., lot 30 ft. front, for
$3,350; house and lot on the south
side of Hale-st., near Jos. Campau-ave.,
for $2,700; for Hugh Shearer, vacant
lot on Townsend-ave., between Palmer
and Hendrie-aves, 30 ft. front, for
$650; lot, with two-story brick house,
on IJneoln-ave., between Grand River
and Selden, lot 60 ft. front, for $6,000;
house and lot on Forest-ave. east, be
tween Moran-st. and Thompscm-cl.,
with lot 30 ft front, for F. H. Fred
ericks, for $3,000; two lots on Horae
st.. Just north of West Jefferson-are.,
each 30 ft. front, for S4OO each; lot
on Hance-nve., one block north of
Mack, In Bt. Clair Heights subdivision,
30 ft. front, for $350; house and lot
on Scotten-are., near Lafayette boule
tard, with 30 ft. front, for $3,700;
two lots on Beivtdere-ave., between
Chapin and Medbury aves., ea< h 30 ft
front, for S6OO, S3OO each, to J. L.
Kensie; lot and a half on Connecticut
ave., between John R. and Bnish-sts.,
to J. W. Stanley, for $825; re sold lot
on west side of Stephens-ave., between
Gratiot and Modhury-aves, 30 ft.
frontage, for $600; sold a lot to T. M.
Josephs on the east side of Campbell
ave., near Plummer-ave., 30 f>. front
age. for $1,050. I
Assessor Piasa Is In communication
With W. T. Hooker, tax commission,
er Os Milwaukee, with regard to the
holding of ■ convention of taxing
officers of municipalities in Mil
waukee, Aug. t. It pt planned to
form a national association of luch
& authorities and. to hold meetings
y«a*4? prof Umar aud in many ways
work together.
THE DETROIT TIMES: SATURDAY. FEBR
Markets and Finance
T. R. ELIMINATED
AS STOCK MARKET
FACTOR
WALL3T. “PLEASED TO FlivJ
PRESIDENT WORKING ALONG
SAME LINES AS FINANCIAL
LEADERS”
* t
By T. C. SHOTWELL.
NEW YORK, Fob. I.—WaJl-st- took
the view today that President Roose
velt's message of yesterday eliminated
him completely as a stock market,
factor. Wall-st is pleased to find «hc
president of the United States work
Ing along the same lines as the load
ers of the financial world for the elim
ination of dishonesty and gambling
All this indicates that a brighter fut
ure Is in store for the country which,
also means, for Wall-st., since Nt all
| st. is sentiment and not a locality.
The presidents proposition that no
business be done any where, except
for cash. Is regarded as too prepostei
ous for serious consideration, because
95 per cent of the business of the
country is done on credit, which
means on speculation and it is but i
step from speculation to gambling.
Asa direct result of these reflec
tions, the progress in the stock market
was lesumed. Union Pacific, Reading
and Smelters were the strong issues.
No business of Importance was trans
acted, however.
The banks are known to have gained
above $6,000,000 in the published move-
of money and a gain of more
than double that w«r confidently ex
pected. although the statement has
not been published until after the
stock market closed.
By C. F. HARRINGTON.
NEW YORK, Feb. I—The stock
market, on the whole, was inactive
today. Atchison gained ground. It is
thought in some quarters that this
stock may be taken up again for a
further rally.
There were some indications that
the president’s special message wa3
buying the effect to bring stocks into
tho market for sale. Western wire
houses were sellers.
An experienced operator said today:
“Wall-st. thinks it has done with this
message and Wall-Rt. tnay be right, but
I shall not be able to make up my
mind until I see what effect it has
upon the minds of the people. The
country hasn’t read it yet. much less
digested It and we have still to see
what the foreigners will think of It.”
The decline in the prices of com
modities has had an influence to pro
mote buying of some lines of secur
ities. The marketing of grain oy
farmers Is having an effect in the stim
ulation of the export trade and lends
I to aid the movement of railroad
freights.
Rock Island was again weak with
little or no speculative position in
either common or preferred. Nothing
has been accomplished toward meet
ing the maturity of the company's six
million of four and a half per cent
collateral trust notes due April 1.
The stork market closed weak, at
or near the lowest prices of the day.
Governments unchanged; other
; bonds quiet and steady.
Reported for The Times by Cameron
Currie A Cos.. 116-1 IS Grlswold-st.:
Open. Close.
Amer. Car A Foundry... 29% 2i#Vi»
Do. preferred **3 X 9
Amer. Locomotive ..... '37'i» Jt*-^
Amer. Sugar Kertn 113V* lll\
Amer. Tnlmi-co SO i,
Amer. Smelting Cos ftsl*
Amalgamated Copper 52V*
Anaconda Copper Cos .. . 3.1 *4 23~k
A tell.. Top. & Santa Fe.. 72-* •1 \
Baltimore & Ohio BO* 85 V*
Brooklyn Itapid Tran... IS 7 * 4o l n
Chesapeake « Ohio .... -9'* SO’j
Chicago & Ot. Western. » ? » I 7 *
Colo. Fuel A Iron M 19'*
I>lßtilleri S3 22**
t»e!a. A Hudson Canal. . 150.5%
Denver A Rio Grande... 2d*, 20
Krto • 6
Do. Ilrsts 31 3 * 311*
General Electric Cos. .-.. 119
Illinois —< ’l'filrel —i— ——
Mexican Central 18\
Missouri, Kan. §l Tex... 23 22J*
t>o, preferred 64*4 »4 *
Missouri Pacific Ct 7 * 42
Nickel Plate «’» 38
National Ixuut Cos .IS**
North American 4 8
Northern Pacific 136** 183 *
New York Cent A Hud. 56 •*
Ontario A Western .... 32** 32V*
Pacific Mall 8. S Cos 27 \ 2.
Pennsylvania 112
People's O L A C. Cos.. 8 r * 85
Philadelphia & Reading 103 *» lOO 7 *
Pressed Steel Car 20-i» 2018
Republic Steel 17 17^
Rock Island '“E* 4
bo, preferred ........ 2*> 7 h 74J*
St Paul 113 111%
Schloss Steel 39u» Vj%
Southern iPaelflc 74 73%
Southern Railway 11 10%
Texas A- Pacific 19% 19’a
Twin City 84% 84%
Union Pacific 123% 121
U. S. 8. Bonds 88% 88%
United States Steel 28% 28
I»o, preferred *. 93% 92%
Wabash, preferred 15 15
GRAIN AND PROVISIONS.
DETROIT, Feb I.—Close: Liverpool
held about steady on Saturday, but the
American wheat market was nervous
and subject to sharp fluctuations. The
Mg slump of Friday was caused by the
selling out of the iwo heaviest long
lines In Chicago. On Saturday there
was another slump, hut covering of
short sales created demand enough to
force prices up again. There was not
mcuh in the day’s news. A cold wave
Is promised, but wheat field# are wril
covered with snow, and no special fear
Is felt.
Wheat quotations—4?a#h No. 2 red.
95%c; May opened %r off at 99%c, de
clined to 98c. and advanced to 99%0;
July ot>ened at 95%c, declined to 93%0.
and advanced to 95c; No. 3 red. 92 %c;
No. 1 white, 96 %c.
Coarse grain quotations: Com—Cash
No. 2. »4c; No. 3 yellow. 2 car* at 36c;
sample. & oars at 46(M9c; No. 4 yellow,
3 enrs at 54c. \
Oats —Cash No. 3 whiter I car at
May, »i %c. , - r -
Rye—Cash No. 2,82 c
Reans—Cash and February, $2.10 bid;
May, 12.12 bid.
Clover seed—-Prime spot, til 24.
March, sll 25; October, 2**o bags /ft
Is sample, 17 bags at $10.76, 12 at
$10.25, 9 at $lO, 8 at $9, prime al»1k<~.
$10.50; sample alslke, 0 bags at $9.75.
6 at $8 76.
Timothy seed—Prime spot, 20 hags at
$2 10. *
Harley—Sold by sample, 1 car st
SI.BO per rwt
ReeAtpts *n market -on-
Saturday, Included 1.200 bbls of flout,
and. 6 ears of «-«»rn. Withdrawals were
600 hid* of flour. 1.550 bu of rye, and
5,147 bu of oats. Stocks are 323.058 bu
of wheat »*9.Mr4 tm -rrf earn. 49.A94 Hu
of oats, 9,4 47 bn erf barter. *nd t,3M
bu of rye.
Wheat exports from Australia lltU
week. 220.009 bu: week sgo. 1.40,8,000
bu; year ago, 418,000 b»t.
L Northwestern wheat receipts Saiur-
J*>. 16, cars; year ugu. 2»<i txn.
CHICAGO GRAIN.
<Kepurte4 for The 1 tinea (Urout h
Fred ■. Otboraa At Cos.. ben Wee a and
kruktr*. I'mubwol bulldlBK).
CiUCAIK). Feb. I. —Wheat opened %
U higher on the demand from
> ehorl*. Liverpool closing cable* were
unchanged to and lower World's ship
ments are estimated at 10,400,000 buan
i »il«. Northwest ears were 182 against
I 228 la»i year, rubles were weak early
but milled on ftroo/tii hall's bullish e»-
unati »! American reserve* and light
• Australian shipments.
Opening prices: Wheat—May. 96%®
|56%0. Corn May. 5y®59%> Mat* -
May, 61 %c. 1 ork—May. $12.25. Lard-
May, $7.65® 7.67 % Ribs—May, $6.67%.
CHICAGO, Keb. 1 -Close. Wheat—
May, 96® 90i.*. Corn—May, S8 7 »c. tints
May. 61 % > IVrk—May. $1 207 ®
12.1 W. Lurd—May, $7 87. asked, ltibs—
■ May. $6.66
CHICAGO. Feb I. Cash grain:
Wheat---No. 2 red. 92% ® 95c; No. 2 hard
$3 % <ii 39 %*•; No. 3 red. 92%®02%c; No.
j:: hard, 89% it 97e; No. 3 spring, 96cfr
• I .«»ti. Corn—No 3 white, ole. No. 3
j \ellow. 62 *•*0; No. 1, 47® 48c. Oats
No .3. white. <S4i.*toc; No 4 white, 43tJi
48< ; standard. 51 %c.
quotations by Cameron Currie & Cos.:
Open. High Low. Close
Wheat
May... 96% 96% 94% n95 •*
July... 93 nH3 -■»„ 91 % *9.1%
Sept.. 4 VO% 91% 80% Shi '■»
Coin—
May. . 7.9 .iSJi, 58*4 5* %
I July... 67 \ 58'* n67 ns<%
oat s
May... 61 % 51 * 4 50 % 51 »4
July.. nb44% 44% 44% 41%
Pork
May... 12 25 12 25 12 05 nl2 07
July .. 12 5© 1 2 30 1 2 37 12 J 7
1 ard—
Mav... 7 65 7 70 7 65 si 67
July. .. 7 80 7 90 7 77 »7 80
Kibs—
May... 6 57 6 60 6 55 6 55
jJuiy... 677 680 n6 75 n*> 76
• b>Bid. isiSplit. ( 11 ) Nominal.
TOI.KDO GRAIN.
TOLEDO, 0.. l>b. 1. —Close Wheat
—Caah. 94 Vie; May. 97%0; July. 94 %c;
Sent., 92c. Corn—Cash, 53 %c; May.
59 %c; July, .>9%0; Sept., 59e. Oats—
Cash. slc; May, of Vie; July, 47 %c; Sept
37 Vic. Clover seed—Cash, Feb. and
March. $11.35; April. $11.15; Oct.
$8.07 V* Prime alsike, $lO 40. Prime
j timothy, $2.23.
LIVE STOCK.
EAST BUFFALO.
Livestock Report By Sadler, Rnrlck 4k
Cos., Coiimtlaaloa Merchant*.
HUFFaLO, Feb. I.— (Special. > —Cattle
Receipt« light. steady. Hogs—Re
ceipts 8.000; pigs, $4 30it t 40; all others,
$4.60. Sheep—Receipt* 4.000; top lambs.
$7 40; top calves. $9.50.
KiStT BUFFALO.
EAST BUFFALO. N. Y. Feb. 1
■-•tie—Supply, 60 head, quiet aim
steady. Veals—Receipt*. 350 head,
niarket slow. 75c lower; cull to choice,
$5 'if 8.50. Sheep and I-uinba—Receipt*.
7.000 head, market slow and easy for
1 lambs, sheep active and steady; lambs.
! $5.25® 7.45; yearlings, s6®'«.stt. sheep.
$3.75® 5.85. (logs—Receipts 7.650 head.
market fairly active at 5® 10c lower;
'yoiki-ru. $ 4,60 4i 1.65; pigs, s4.3s<Si 4. Id;
mixed and heavies. $4.60® 4.65, roughs.
• $3.90® 4 10; stags. $3®3.50
CHICAGO.
CHICAGO, Feb I. —Hogs Receipts
20,000, dull, 5c lower; light. $4.10®/4.40;
mixed. $4.20® 4.50; heavy, $4.20 ® 4.52 % .
roughs, $1.20® 4.25; pigs. $3.50®4.1e;
yorkers. $4.30® 4.35. Cattle—Receipts
500, Steady; beeves, $3.60® 6 10; cows
and heifers. $1.70® 4.60; Texans. $3.30®
• ; calves, ss® 7; westerners. $3.70®'4.u0;
stock»*rs and feeders. $2.60® 4.60. Sheep
I —Receipts 3,000, Weak; native and
western sheep, $3.25® 5.60; yearlings.
$4 90® 5.60; native lambs. $5®7.15;
1 western lambs, $5®7.20.
boston'copper.
COPPER LETTER.
c.inieron Currie & Co.’s copper letter:
The coppers were weak In today’s
| short session, but the trading was on
such a limited scale that declines were
•>f small proportions arid slgnllnd
little. Amalgamated was the chief
loser, selling off a point In a declining
New York market. Declines of a, half
point each were to be seen in Copper
Range, North Butte and Utah Consoli
dated. while the balance of the Hat was
soft and o(T fractionally to unchanged.
The market closed dull. Bad news
seems to he having a greater effect
the New York market thrm tt haw
had ot late, and If the declining ten
dency there continues, the coppers will
undoubtedly feel the effect to a greater
or lesser extent.
Reported for The Times by Cameron
Currie & Cos., 116-118 Grlswold-st.:
Open. High. I*ow. Close.
Aria. Com’l ... 19 % 19% 19% Ij%
Apex 4 I 4 4
Arcadian ...... 4*4 4% 4 % 4 A
Rule, ku la 2 % 2% 2 % 2%
Black Mountain 4V* l% 4V* 4%
Boston Cons... 16% 16** 15% 16
Butte <’ln 19 19 JB% 18%
Bing. Cons. ... 6*4 5% 5% 5%
Copper Con. ... 64% <54% 63 % 63 %
Calu. .A* Arts .113 113 113 113
Davl* Daly ... 4% 4% 4% 4%
Franklin 9% 9% 9% 9%
O. Cananca ... 8% 8% 8% 8%
'Mass 3% 3% 3% 3%
Mohawk 55 5 66 55
Majestic . . 275 ?S “2%
Nipisslng 7% 7% 7 7
tzle Rovale ... 24% 24% 23% 23%
Nevada Cons. .11 II II 11
Nevada Utah 3 5 5 6
N Butte r.O ‘ 4 7-o^T4'.% 49 %
Old Dominion.. 38% 38% 38% 38%
Raven 1% IV* 1% 1 %
Shannon 12% 12% 12 Vi 12%
Sup - Pitts 14% 14% 14% 14%
Trinity Cop ..16% 15% 16% 13%
I tah Cons 38% 38% 38 38
Utah Cop. 26% 27 26% 26%
U. 8. It 33% 33% 33% 32%
Do. pref 39% 39 74, 39% 39%
Victoria ..... 6% 5% 5 &
IIO4TON COPPER SALES.
Furnished by Cameron Currie A Cos.:
Adv., 845; Amal., 3.243; As.. 25; Anc., 5;
Arc.. 17; Ariz.. 400; Atl.. Bnl., 803;
Bing., 735; Rons. 100; B. C.. 460; Bu..
915; C. A A.. 33; Cent., 146; Range.
295; Fr.. 60; Gr . 4; O C. C, 485; Roy..
697; LnSnl.. 21; Mass.. 5; Mex.. 255;
Mlcli., 20. Moh.. 95; Nev.. 160; N. 8..
1.050; O. D. 1.431. Qy., 8; R. 1.. 106;
H. Fe. 50; Shan., 70; St. Mary'*, 10;
Trtn , 890; 17. S. R. 26: do pfd. 338.
U. C.. 120; Utah. 1,806; Vlct.. 30. Win..
160, Wolv., 32; Wyan.. 216.
U. S. GOVERNMENT BONDS
Rond quotations, furnished by Cam
eron Currie A Cos.: New 2s reg., 103%
10 1%. do, coup.. 103%® 104%; new 3s
reg.. 100%® 101%; do, coup . 100%®
101%; new 4s reg.. 118® 120: do, coup..
119% 0121; Phlla. 4a, 110% offered.
LOCAL STOCKS.
Tht following quotntlons furnlsVad
by Lswln O Oorton. No. 1415 Majeatlo
building. Jan 31. 1908
Bid. A«ked.
Amer. Exchange National. ... 11l
Central Parings Bank... 769
Citizens' Pavings 104 120
Commercial National 150 Iso
Dime Savings 165 160
Detroit United 200
Home Savings 195 305
People’s State \ ... 226%
Michigan .Paring* 196
Nat. Rank of Commerce.. .V. 11l
Old Detroit National .... 144 147
Peninsular Pavings ...... ..» 161
People’s State " jr '
United Plate* Pavings 164
Detroit Trust Cos. 249 266
Union Trust Cos *6*
Security Trust 125 201
INDUPTR7AIA
American Lumber Cos 1.10 2.26
D. A C. Navigation Cos 84
D A It. Steamboat C 0.... 74% 76
Detroit Edison 44 46
Detroit White Lead 24
Do, common 26 1
Iron Sliver Mining C 0.... 75 95
loU Cement, pref 31*4
, Do. common ... 29%
Mich. State Tele., com . IJ 27%
Old* Motor W_arli»- .....,.■ • • ,j 4
Park*. Davis A Cos 57,
Woßeflne Fort. Cement.. 10% 10%
MINING.
American ." 4 4%
Arison* I'atwmwcUU Ait 19 %
Black Mountain .mir..T 4%
Bw4be A London 94 105
Ralakahk .... A % 3
Caluinet A Glob# ......* 25 74
Davts-Daly 6% 5%
UARY i. X9OS.
Fred S. Osborne Sc Cos.
...Brokers and Bankers.-
Phono Mm 1846 m
Denn.-Arizona 4% 5
Dominion Copper 2% 2%
Flint But to 6 I ‘>j
Ely Consolidated ... .77.. % %
O. G. A A 50 76
Globe Consolidated 7 % 8 %
Hancock 5% 5%
Helvetia 4 % 4 %
Keweenaw 5% 5%
L A A A. 2 %
National 6u - 70
Nevada Utah 4 % 5%
N B. Ext. 1 1%
Nipisslng 7 7%
Raven J % 1 %
Shat tuck 18 19
Superior A Boston i 3 %
NEW YORK COTTON.
NEW YORK. Feb. I.—Trade at the
opening of the cotton market this
morning was fairly active. First
price* were 2 to 4 points lower, but
after the <*ll. the list became steadier
on support from the pit. Private
cables noted continental hedge selling
ut Liverpool. Later there was consid
erable pressure in May from a local
operator which forced the option hack
several points to 1907 with other
months off In proportion A large
VVtlllam-st. house was credited with
buying on a scale down believed to be
covering of short*.
Spot cotton, quiet, unchanged.
Cotton price*, furnished by Cameron
Currie At Cos.:
Opening. Closing.
Bid. Ask. High. Low. Bid Ask.
March ..ll.oehHi* 11.07->196 10.96® 97
May ....11.01001 11 0S«90 «10.»1
July • 10.SO® 81 10.81® 71 10.71 ®72
•Bid. ’
PRODUCE.
There was not very much to be said
for the market this morning. On ac
count of the snowstorm there was llttie
nr nothing In. and but few buyers out.
The market is well cleaned up on both
live ami dressed poultry, as well us
hogs and calves, atul would be In a
firm position were there any demand.
Butter .prices are not expected to
change any on Monday. The market is
so high now that consumers are turn
ing to substitutes of some kind, but
supplies are too light to look for any
decline. For want of anything to
change it. the market was steady in
all. lines today.
Apples—-Fancy. 6303 50; common,
$1 ® 1.75 per bbl
Butter —Extra creamery. 21®32c;
farm separator, 27 %c; packing stock,
16® 16c; renovated, 24%®25c. Official
prices: Extra creameries. 82e; firsts.
20c; crocks. 21®22c; packing stock, 19
-#l9%c per lb.
Cabbage—Home-grown. $1®125 per
bbl; $6 per ton.
Celery—3o®3sc per doz; California,
24.5>0&4.?6 per case.
Cranberries— Lats Howes. |3 00 per
f8.50®8.75 per bbl.
Cauliflower—California. 23 per case.
Cheese—Michigan full cream, 15®
16c per lb.
Cogee Package coffee, 514.75®16.25
per 100 lbs.
Dressed Calves—Fancy, 7® 9c; com
mon. 6®7e per lb.
Dressed liege— Light, 6c; heavy, 4%0
per lb.
Eggs—Street prices* Fresh **ecelpts,
21®22c; storage 17@18c. Official prices:
| Extras, 23c; firsts. 22c. cases Included;
refrigerator extras, 17 %c per do*.
Flour—Michigan patent. In wood.
$6.90. second patent. $4.50; straight,
65 36; clear, $5.16 p«r bbl.
Feed Jobbing lots bran, $26.00;
coarse corn meal. $25; corn and oat
chop. |2B; coarse middlings. s2l; tins
middling*. s3l toa.
Fresh Vegetables—Green onions. 16
®2oc per dos; cucumbers $1.50® 1.75 per
doz; wax beans. 95.50 per bu; let
tuce, 8® 10c per lb; spinach. $1 per
bu: parsley. 20®25c per doz; water
cress, 40c per do».
Finnan Haddle—lo® 12c per lb.
Grape*—Malagas, $4.50®5 50 per bbl.
Green Pepper*—soc per basket.
Hay—Detroit shippers are paying tha
following prices for new baled hay In
car IdlY. f. o b. Detroit: No. 1 timothy.
sls® 15.50; No. 2, $14®14 50; clover
mixed, sl4 ® .4.50: rye straw. $7; wheat
and oat straw, $6 ton. In ear lota.
Honey—Fancy while. 17®l8c; amber.
14® 16c; extracted, 8 ®9c per lb.
Hickory Nuts— $2 per bu.
Hide*—No. 1 cured. 6%c; No. 2 cured,
6%c; part cured, No. 1,6 c; No. 2. sc; No.
1 green, 5%c; No. 2 green, 4%c; kip,
cured. No. 1, 7%c; No. 2. 6c; kip. green.
No. 1,7 c; No. 2, 5%c; calf, cured. No. 1,
11c; No. 2, 9%c; calf, green. No. 1.
10%c; No. 2. 8c per lb; horse hides. No.
1, 12.75: No. 2, $1 75; sheepskins, as to
wool. 25c®$l.
Hardware—Wire nail*. 62 40; has*
painted barbed wire. $2.30; galvanized
barbed wire, $2.80; No. 9 annealed wire,
{2.36; poultry netting before weaving.
0 and 5 per cent off; poultry netting,
after weaving, 80 per cent oft; wire
cloth. $1.40 per 100 feet; lap and slip
Joint eavetrough. 80 and 10 per cent
off; round and corrugated oondictor
pipe. 70 and 6 per cent off.
Limes—sl ® 1.26 per 100.
Lssnoaa—California, $3®3.»0 per boz.
box.
Mushrooms 4s®soo per Ik
Oruugea Florida*. $2 60 44 2.75 per
box; California navels, $2.76®2 per box.
Oslo a*—«s® 76c per bu; Spanish,
$1.25 cTate.
Oil*— Raw linseed. 45c; boiled lln
seed, 46c gal, less 1 per cent for cash
In 10 days; diamond headlight kero
sene. 9%c; turpentine. In barrel lota.
57%c per gal.
Pineapples—Florida, $2®2.60 per doz.
Pop Corn—Ears. 3%c per lb.
Potatoes -Car lota. f. o. b. Detroit.
60®65c per bu; new Bermudas, $2.50
per bu.
Poultry—Live Springs. 10®10%c;
hens, 9® 10c. ducks, 10®lie; geese, 10c,
turkeys. 13®14c; dressed hens, 10® lie;
springs. 114412 c; ducks. ll®12c;
geese. 11c; turkeys, 15®16c per lb.
Provision*--Mess pork. $13.75; family
pork, sl6 SO ® 17; light, clear, sls 50;
heavy, sl6; smoked horns. 9 % ® 10c, dry
salted brlakets, 9c; shoulders, B%c;
picnic haras, B%c; bacon, 12%c; lard. In
tierces. 9c; kettle rendered. 10c lb.
Rahhlt*—sl.6o per doz.
Pweet I’otutoe*—lllinois, $1 90 per
bu; sb.&o per bbl.
fHruwherries—36 ® 40c par quart.
Sugar—Crystal dominoes, $7.70; eagle
tablets, $6.65; cut loaf, $6.65; cubes,
$5.70; XXXX powdered. $5 60; stand
ard powdered, $5.55; granulated, extra
coarse, $5.85; granulated In bulk, $5.15;
granulated In 10-'b cotton bags. 86.50:
granulated in 25-lb cotton bags, 56.20;
Michigan granulated. |4.96; No. 1, 85 16;
No. 2, confectioners' A, 65 60; No, 1,
$5.15; No. 2, $5.16; No. 1 $5 10; No 4,
$5 06; No. 5, $5; No. 6. $4.96; No. 7. $4 90;
No 8. $4.85; No. 9. $4.80; No. 10. |4.7!»;
No. It. $4.20; No. 12. $4 65; No 12. $4.60;
No. 14, $4.60: No. 15. $4 per 100 lbs.
Tallow—No. 1, 4 %c; No. 2. 4c.
Tomatoes—Florida. 75c per basket.
NEW YOHK MONEY.
NEW YORK. Feb. 1.-Morlcy on call
and time loans, nothing doing Posted
rales, sterling exchange, $464%®4.88
• with actual business in bankers’ bills
at $4.86.80® 4.86.90 for demand, and
$4.63% for 60-daj hills. Prime mer
cantile haper. nothing doing London
bar stiver, 25%. New York bar silver.
55%. Mexican dollars. 44.
WEEKL* r B4NK STATEMENT*
NEW YORK, Feb. I.—The changes In
the bank statement as compared with
Inst week, arc as follows: Hurplus. old.
increased. $3,462,225; surplus, new, in
creased, $1,316,126, loans, decreased,
$1,783,600, specie. Increased. $7,896,900;
legal tenders, decreased, $1,601,300, de
posits. increased. 111.333.500, circula
tion. decreased, $769,600; U. B. deposits
,wer* $61,024,000, as against $69,608,400
last week
The decrease in loans Is probably
caus«d hv-the omission from the l>»n<
statement o' tho four banks included
it. last we-k’s Statement tha* have
been placed iti HquhTatTon.
The increase in cash is smaller than
it would have been but for the omission
from the statement of the hanks ro
ferred to. _ • ’’■y , ‘ .
The Increase In deposits Is 16.821,500
more than the Increase in cash minus
the decrease :n Toons. The balance Ts
probably affected bv the some rouse*
gS affect toons and cash
ho dsvrooss in United Stales depos-
THE PEOPLE’S STATE BANK
Cor. Fort and Shelby Sts.
Capital ..$1,500,000.00
Surplus and Undivided Profit# 1,800,000.00
A general Banking business.
Interest Paid on Savings Deposits
DIRECTORS:
Russell A. Alger
George 11. Barbour
W. T Barbour
W. K. Blxby
H. M. Campbell
C. A. DuCharme
Jeremiah Dwyer
Haley Flake
Its shows that the recall of such de
posits is about completed for the
presunt.
The reserve required Is $2.833.3»5*
more than lsai wok
The surplus now Is $40,526.7*6, com
pared with 212.t614.100 In 1907.
Not Counting reserve against United
States deposits, the surplus is $05.-
niHEli
FOR JIM FULL
PAIR OF THIEVES DRAW 90 DAYS
EACH IN HOUSE OF
CORRECTION
Two Pol***, recently convicted of
grand larceny In the recorder’s court,
blamed drink for their downfall when
they were taken before Judge Con
nolly for sentence. Saturday morning.
Stanislaus Olezewskt stole $1,036
from a relative and skipped to Chica
go, where he waa arrested after he
Tnitl "blown tn“ about |4OO. —Hr de
clared he wan drunk when he took the
money. Judge Connolly sent him to
the house of correction for 90 days,
taking into consideration the seven
months he has been in jail. Olezsw
ski is 53 years old. He wept like a
child as he stood In the dock.
Frank Kustubowskl, convicted of
stealing SBO from Mrs. Paul Dem
bickl, said he had been drinking with
the woman previous to the robbery
and was not responsible for what he
did. He pleaded earnestly to be set
free, and made all sorts of promises
to reform. He, too. was put away for
90 days. He has beeu in jail four
months.
James Sanders, the colored man
who pleaded guilty to stealing a quan
tity of fountain pens from the Laugh
lin Cos., was released on parole in
charge of J. Morris Fisher, as were
Felix Beiskl, aged 18. and Leo Mtl
ozewski. aged 21, found guilty of lar
ceny. The Rev. J. C. Pinkerton
agreed to stand sponsor for Oeorgo
Sutherland, a lad **f 17, -who got la
had company and picked a man's
pocket of S3O. As It was his flrst
offense, and he previously enjoyed a
good reputation, the court decided to
give him a chance.
OVER SCOT DIE
IN A ELOOD
HAZELHURST, Miss., Feb. I.
Swollen streams as a result of the tor
nado and rain storm yesterday, make
It difficult to get particulars oT the
damage wrought, but present Indica
tions are that more than a score of
persons were killed and twice as
many injured.
Prohibition Talks Sunday.
William P. F. Ferguson, of Chicago,
editor of the Nallonul Prohibitionist,
on Sunday will Are the flrst gun of
the local option campaign to make
Wayne county absolutely dry, when he
speaks In the Church of Our Father at
3 p. ru. There will be special music.
Mr. Ferguson also will speak on pro
hibition Sunday, at 10 a. m., at the
Haven M. E. church, Sixteenth and
Bagg-iits.
Barium Enjoins Neighbors.
An injunction In favor of Thomas
Barium, and directed against John
Doe, Richard Roe and one Andres,
was granted by Judge Murphy Sar
urday morning. Barium claims that
three men, two of whom are unknown
to him, have commenced the erection
of a building on Twelfth-st,, between
Perry and B*gg-sts., that encroaches
on his land. He alleges they are also
damaging his building, and have al
most tilled his basement with sand,
lime and brick.
Fire originating from an over-heated
stove caused SBOO damage in the
Cash & Credit Cloak Co.'s establish
ment at No. 225 Hrush-st., about 7
o'clock Friday night. Marie Lee,
colored, who occupied rooms over
the store, was obliged to flee in
scant altlre. The building Is owned
by Mrs. F. J. Jominy, No. 2338
‘ Farnsworth-ave. The loss Is covered
by Insurance.
A Unique Compliment.
Sylvester A. Long lectured at
Orange, Mass., recently and after the
lecture, the manager of the course
was listening at the rear of the hall
to the commence of the people as they
passed ouf.
One man said to his neighbor, a
ruddy-laced German: “Tha lecture was
nil right, but I don’t Hke that sub
ject. 'Lightning and toothpick*.’ *'
' Veil,' said l h** QlflßM, I I
prsscr to name a lefHH9 ilol.vas soire
(ilnga like id vas noddlngs dan to
name a legsure dot vas noddlngs like
Id raa some dings."—Lycecralte,
Leonardo da Vinci was passionate
Ty Ton® r>r dfangeg, and wtrh tht* frotr
and bread he would at any time make
a ui« al.
Ing the
hov in
Ponobaoot Btdg.
F. J. Heck#r
Geo. E. Lawson
H. B. Ledyard
P. U. McMillan
ft. 8. Mason
Fred T- Moran
Pctor White
Making
the
Start
Is an easy matter if you can
only see the benefit to be
derived from having a sav
ings account.
A Dollar or more will
give you a passbook.
Compound interest added
every six months.
Michigan
Savings Bank
CAMERON CURRIE & CO.
QAMfCD? Mejnbur* ot
DMImCrl'J \i'w York Stock Exchange.
g n .J Boston Stock Bicchtngt.
OIIU Chicago Ktork Etehtnf*.
RDMfCDQ N*w York Pr»xlitc*
DItUKCnO Chicago Board of Trade.
tiw-lis Detroit. M»*k
HAMMOND UI.UO
iLIIST CONCERN HAS
S4OO,OOO_CftPITIIL
The Krentler Arnold Hinge l.asl Cos.,
a concern with a capital of $400,000,
filed articles nf association wttti the
bounty clerk Saturday morning.
Tho company, which will hnve its
principal place of business in Detroit,
will manufacture lasts, hinge lasts \nu
last blocks of all kinds. Over $300,000
of the stock has been subscribed, and
$15,000 has been paid in cash. The
balance has been paid In patents.
The stockholders are: William B.
Arnold, North Abington. Mass.; Wil
liam T. Shiel. Edwin O. Krentler,
George A. Krentler, Detroit; Edward
Canby, William H. Crawford. John
McGregor and William J. Blakeney,
Dayton. O.; Charles F. Pym, Essex.
Ont., and George H. Maxwell, Boston.
WILL TAR MACADAM
MT. ELLIOTT-AVE.
The board of county road commis
sioners, has taken over Mt. Elliotl
ave., starting at the city limits and
extending to the grand Trunk right of
way, a distance of one and 37-100
miles, to he known hereafter as Mt.
Elliott road, and will convert it into
a tar macadam road, the metal of
which will be 16 feet wide, with earth
shoulders on each Bide four feet wide,
raaktng the total width of road 24 feet.
The work will cost approximately $8 •
000, and when accepted by the state
highway department, will merit a re
ward from the state treasury of sl,-
370, to be used for further road build
ing purposes. The construction of the
road will be such that it will be prac
tically dustless.
The board of road commissioners ia
now preparing plans and speclflcationn
to take over Gr&tiot-ave. and Fort-st.
Work will be started on the construc
tion of these roads as soon as weather
conditions will permit.
The largest yield of bone from one
whale was taken in 1883 by the Mary
and Helen. It amounted to 3,100
pounds, which was worth about $15.-
000 at the prices which prevailed at
the time. %
ZbC
tuition {Trust
Company ■
ot Detroit, Atcbtgan
acts as executor, administra
tor, guardian and trustee,
takes entire charge of estates,
remits income snd renders
accounts as desired by the
beneficiaries,
receives money on deposit
and issues interest bearing
certificates therefor,
I;nion Trust Ht'tldinq
M. J. Murphy
M. W. O'Brien
11. C. Potter. Jr
Louts Rothschild
Geo. H. Russel
llt-nry Russel
Hugo Rcher#r
F. A. Schulte