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The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, April 13, 1903, Image 1

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A. A
VOLUME X.
f SIDNEY HUGOS,!
I PaorsiKTON, J
AEDUORE, IND. TER.. MONDAY EVENING, APRIL 13, 1903.
. 55 HUM NUMBER 134
c i
r
The Coming Picnic.
All subordinates and Itcuokan lodgos
In tho surrounding community have
boon solicited by letter and othorwlao
to fall Into line and assist In making
tho big Odd Fellows baskot picnic out
at '"Tator Hill" near Provence, a sue
coss, on tho occasion o their anni
versary, on Monday, April 27. Wo
understand that a very flno program
Is being arranged for this dato, and It
Is theuehWJyit a very largo attend
ance will bo 'present. Every ono la
oxpoctcd to bring a box or basket of
something good to eat, enjoy tho
tlmo happily and havo a good tlmo
gonorally. Everybody is Invited wheth
or they aro Odd Follows or not.
J . D. Wall's fountain Is open fdr
tho season. He has the finest drinks
and cream. 00
Wednesday, April 22, Miss Batrd
will put on display a comploto lino of
mldsummor dress hats. 12-3t.
Special Train ard Music for 0. C. V.
Tho Toxaa and Pacific Railway com
pany -will run a spoclal train which
will bo accompanied by Harris' Ju
vonilo Band (25 in number) who will
furnish music en route. This special
train will leavo Fort Worth Monday,
May 17, at 11:15 a. m. and Dallas at
12:30 p. m., arriving at Now Orleans
noxt morning for breakfast
Reduced rates round trip will bo In
effect to New Orleans. For partlcu
lsrs aldrosi any agent or E. P. Turner,
general passenger agent, Dallas, H.
P. Uughcs, traveling passenger agent,
Fort Worth. 31-tf
Tho Ladles' Aid society of tho First
Presbyterian church will hold a "kl
mona" salo at Mrs. VanDonbcrg's
Thursday afternoon. Sherbet and
cako will bo sorved. 12-4
For Sale.
All or any part of that property
known as the Texas wagon yard, ono
storo 25x50, hay barn 50x100, 6-room
houBO dwelling. For price and terms
'phono 210, or Box 43, Ardmore.
1-m. I. R. DE8T.
Wo mako, positively, tho finest ice
cream In tho city. Buy whoro you
know it's of only pure croom.
12-3 KAHN'S CONFECTIONERY.
Due Notice li Served.
Duo notice Is hereby served on the
public gonorally that Do Witt's Witch
Hazel Salvo Is tho only salvo on tho
market that is mado from tho puro,
unadulterated witch haZol. Do Witt's
Witch Hazel Salvo has cured thous
ands of casos of plies that would not
yield to any other treatment, and this
fact has brought out many worthless
countorfolts. Thoso persons who got
tho genulno Do Witt's Witch Hazel
Salvo aro never disappointed, becauso
it cures. City Drug Store.
L. P. ANDERSON,
President.
B. F. FRENSLEY,
Vlce-Pr esldent
FIRST NATIONAL BANK.
Ardmore, Indian Territory.
Designated Depository for Bankruptcy Funds n Chickasaw Nation.
Capital paid in
Surplus Funds
Total
The oldest bank In Indtan Territory.
solicited upon the most llboral terms consistent with good banking.
Roberts, poland & bruce
INSURANCE.
REAL ESTATE.
OUR WALL 8TREET LETTER.
By W. O. Nicholas.
Special to tho Ardmorelto.
Now York, April 11. Speculative
"tips" on stocks aro full of danger,
yet It is probably truo that two-thirds
of tho current deals on tho exchango
havo their Inspiration from that source.
A story Is started that an outsider has
given a friend advice to buy or sell a
certain stock and this word flics the
rounds of tho offices and across the
floor of tko exchango on tho wings of
tfio wind. It circulates by a sort of
telepathic process and becomes current
In an Incredibly brief period of tlmo.
Great numbers of transactions aro
predicated thereon and tho market Is
more or less Influenced for tho tlmo
being. Yet In nlno casos out of ton
Uio 'tlps'aro olthcr groundless or aro
set going for tho purpose of decoptlon.
Money would bo mado vory much oft
enor by "coppering" them, as they
havo It In tho market vernacular, than
in accepting them as having affirmative-
value. Experienced brokers and
traders havo learned to look with mer
ited suspicion on any and every tip
they hear, and whon they act at all aro
much moro likely to tako tho other
end of It.although tho multitude con
tinues to placo confidence In tho In
formation which thoy bcllovo to bo
inspired and which they con hear in
evory cafe nd oSlco In tho Wall street
vicinity.
Tho manipulation of tho Amalga
mated Copper Is Invariably accompan
ied by a continued distribution of
tips. For a tlmo these tips aro borno
out by tho courso of tho market and
as confidence in them grows Increas
ing amounts of monoy pour into tho
Street to back them. It Is then that
tho manipulators got in tholr work
If tho accumulation of small ordora
Is to buy for a further advanco tho in
siders proceed to llquidato and take
profits on stock bought lower down.
If tho tip be to sell for a further do
cllno then the pool brokers begin their
process of absorption of stocks. Tho
result is always tho some the lambs
get sheared and tho market Jugglers
get away with tho wool. All through
Its long and painful dccllno United
States Stool has been tipped for an
advance. Thero has been a largor and
harder worked advertising bureau at
tached to tho steel trust than any
other corporation that over had its
securities for salo In Wall street. At
present market quotations vory few
pooplo.probably not ono In two nun
drcd, has a present profit in steel
stocks bought at any tlmo slnco tfc
flotation of tho corporation. Bull or
bear campaigns In Sugar stocks are
always accompanied by tho energetic
circulation of inspired tips which in
C. L. ANDERSON,
Cashier.
$ 60.000.00
165,000.00
$225,000.00
Accounts of firms and individuals
! (
BONDS.
You Feel Secure
A good reliable insurance pol
icy makes you feel secure
rests yonr nerves, and makes
slumber a possibility, even in
the midst of dancer. Insurance-
is comparatively cheap
muoh cheaper than restless
anxiety.
W.S. WolvertaniSiK
A- ir'BiilllB:.(ftV
the end prove Invariably mlsl -ruling
Pessimism In tho financial district
of New York has been a dlboisi this
year. Apparently nothing can check
It and it has had to run lis courso.
Thero aro ovldances that tho pen 1 of
recovery Is at hond, Uiough it muBt bo
confessed that tho streot is still sick.
The shrlnkago In securities ha? been
enormous and it would scorn to have
been sufficient to havo discounted all
unfavorable conditions urpeJ in sup
port of tho bearish campaign. Wall
strcot has been tho only blue fcpot In
tho ontlro country. Thero no news
has attracted tho slightest attention
for months oxcopt bear news. Tho
tremendous activity In ovory branch
of business and Industry thr'.ughout
tho length and breadth of tho land
has been worod and tho on r thing
herd has b-cn cmbarrassmon '. m
the security's m.irVot duo to to ovar
rroauctlon ol stocks and boula, an I
tfs trouble ol tho underwriters who
i their paper profits of two or i oo
rovlous years disappearing. Thero
as teen a ij.pat ado over tho nllcgu!
scarcity ot rafM-y, although as a mat-
torr.f fact Ihero Is moro monoy In Ihp
country than ovor before tho Incrcaso
since last April having been moro
than 100,000,000, and that on top of
previous six years' incrcaso of
1700,000.000.
To hear tho bears and pessimists
talk about the Inadequate supply of
money with which to absorb secur
ities ono would think that money In
vested In that form was forevor lost,
Instead of It being simply a medium
of transfer and to be over In a con
dltlon for ro-emploympnt In tho . nn
uny The volumo of nniiey In clrcu-
latlon In tha United Stale Is approx
imately $2,300,00,000. Tho mrkkot
alue of stocks and bonds In tho hands
of Investors has been estimated ap
proximately at $300,000,000. Thoso se
curities havo at one tlmo or auo'.hor
been bought with monoy, yit the vol
umo of monoy is greater that, ovor
bofore. Money used for tho purcbacc
of stocks or for employment in any
business transaction has boon likened
to dipping out a pall of water from a
&.rvolr and pouring It back Into the
samo reservoir through a sieve, Thoro
is money enough to taku caro of all
the securities that havo been mado,
whether digested or undigested. At
tho present tlmo and for sovoral months
back thoro has been an Indisposition
on tho part of Investors to tako tho
goods at tho par value put upon them
by tho manufacturers. On tho great
decline which has taken placo there
has been a resumption of investment
ncilty although It Is not reflected
as yet In the speculatlvo operations on
tho exchanges. That will como later
when tho now crops get fairly started
and Iho wholo faco of nature smiles
with' promlso "bf abundance.
It Is the habit of many speculators
a majority of them In fact, to put In
'stop' loss" orders to protect thorn
selves ngalnst tho temptation to car
ry their deals to a loss beyond a cer
tain fixed figure. This appears on
Globe-Wernicke
"Elastic"
BOOKCASES.
We can furnish your office out of our
stock as we carry a full assortment.
Furniture,
Citpt'j,
Lice Curtains.
(. L JOE
Security for Depositor, Borrower and Bank Our Motto
Mm tlATliiiiA! H,
Ardmore, 1. 1
(mh Mnrk and Arf Hitinnl liafiilifv
VJflim jivui vnv nuuiuvnui liuiiiiii
Largest ol any Bank In
WE acceptBtuallandlargeaccoantsandcondncta General Banking
Business for You. Farmers, Btockmen and other bnalneas men
make onr office their headquarters when in Ardmore.
OUR bank h a pnblio institution and we advance the best interests
of the peoplo and Rive their business our personal attention and
extend to them every facility consistent with safety to bank and cus
tomer.
Directors.
0. R. Smith, President.
O. M. Campbell, Vico-Pre?.
Lee Cruce, Cashier.
Q. W. Young, Stookmah ,
J;'G?Th6mpbon, Attorney;.
tho surfaro to bo a very wlso proced
ure, but as a matter of fact it Is often
times Just tho reverse. Tho big com
mission houses turn thoso stop-loss
ordors ovor to specialists In tho sov
oral stocks and as tho markot con
tinues to dccllno or advanco Uicso
specialists become loaded up with
orders of that description nnd begin
to comparo notos. Tho result is tho
discovery that at a cortaln flguro a
groat mass of stock wilt bo offered
for salo or purchased, as tho caso
may be. This Information is com
municated on tho quiet io tho profes
sionals and floor traders who nt onco
prepare to tako advantngo of tho
execution of thoso orders. As tho
market approaches tho flguro thoso
crafty market hawks oxort themselves
to force tho stock to tho required point
knowing that tho moment it is roachod
tho specialists will begin to buy or sell
regardless of what may happen. It
tho massed stop-loss orders aro to
sell 10.000 St. Paul at 162, out coraos
tho stock tho second that quotation Is
reached and tho result Is a sharp
slump. Tho pr6fosslonals havo bcon
playing for Just Uiat condition. Ho-
foro 162 was reached thoy had put
out extonslve lines of shorts that Is
to say thoy bad sold tho stock oxpect-
ing to bo ablo to buy It In on the slump
which would como from tho offorlngs
on stop-loss orders. As tho compul
sory liquidation prococds othor stop
loss orders aro reached and on tho
break tho shorts cover up tholr sales
that Is to buy back tho shares thoy
sold, earlier and closo up their deals
at a profit of whatever thoy con so
curo. As a long dccllno in tho market Is
about to culminate tho oxchango bo-
comes full of stop-loss ordors which
are caught on every oven quotation or
half. A market thus saturated with
stop-loss orders can novcr Improvo.
until thero has boon a cleaning out of
theso limited accounts. Tho wholo
street Is mado aware of what Is tho
matter and experienced commission
houses and brokers warn their cus
tomors to koop out until tho slaught
er Is ovor.
During tho last six months thero
have been many jKsrlods of acuto
liquidation xausod- by tho 'execution 'of
groat numbers of theso stop-loss or
ders which not Infrequently amount
to hundreds of thousands of shares
on a given series of quotations. It
would thereforo bo Just as woll for
speculators to mako mental noto of
tho point at which, thoy wish to got
out of tho market and hold tholr or
ders until tho time approaches. If this
practice could bo generally adopted
speculators would savo themselves a
great deal of monoy nnd placo their
brokers nnd specialists beyond tho
reach of tomptatlon. Not being mind
readers tho agents would havo no
means of knowing- whon tholr custom
ers wero going In and out, If policy of
sccrotlvencss could bo adopted by tho
great majority of traders.
An Interesting report Is going tho
rounds that tho combination behind
We Pay Freight
Wllbln One Hundred
Miles cl Ardmore,
. f bvv,vvviV
the Cbtckuaw Ration.
C. R. Jones, Wholesale and Ratai)
Pnrnitnro.
Sam Noble,. Wholesale Hardware,
J. R.'Pknninqton, " Grooer.JJ
R. Wl Randol, Merchant -
ML
Northern Pacific. Ilurllngton and
Great Northorn has decided upon a
plan to shift the control of theso
proportloB from tho Northorn Sccurl-
!os company to trustees, should tho
decision of tho United States su-
promo court bo ngalnst tho validity
of tho morgor. It Is held that Indl-
IduaJs cannot bo doprlvcd of tho
right to vote stock which may bo reg
istered In their names and that tho
samo end can bo attained In that way
as through tho medium of a corpor
ate holding company, bucIi as tho
Northorn Securities. In connection
with this roport Is hoard Uio rumor
thnt tho financiers who roprosont Uio
control of thoso great railroad systems
havo been forewarned Uiat tho decis
ion of tho court will bo ngalnst them
and thnt they must bo prepared for a
now deal. Information roaches Wall
itrcot that Judgo Sanborn of St. Paul
i at work on Uio opinion and that
tho court will bo ready to hand It down
In a fow weeks. If It bo truo, as gos
sip suggosts,, that arrangomonts havo
already boon consummated to transfer
Uio control 10 trustees, It may bo after
nil that tho morgor caso will reach
tho supremo court boforo tho May ad-
Journmont and that ono of tho Judges
will proparo an opinion during tho
recess. Ono reason why a decision
In tho Kcono Injunction caso was hung
up Is supposed to bo Indisposition on
tho part of Judgo Lurton to antlcl
pato or attempt to anticipate tho de
cision of tho hlghor courts In tho
Northern SecurlUos caso, whoro much
tho samo issues wero raised.
A fcaturo of tho money markot dur
ing tho last fow days has been tho off
ering of funds by tho moro important
commission housos. Tho strone
houses providod themselvoa liborally
with Uio monoy and Uio tromondous
HquldaUon which has been going on
for sovoral wooks loft them with
largo amounts on hand. This ldlo
capital has been coming Into compcU-
Hon with tho banks monoy and has
caused Interest rates to yield. Loans
on coll and for tlmo aro easily ob:aln-
ablo at concessions from public quo
tations. This condition contradicts
tho Impression sought to bo mado by
Uio banks and leads experienced poo
plo to look for Improved monetary con
dltlona throughtout tho spring and
summer months.
Thoro socms to bo no end to Uio
purchasing capacity of Uio railroads
nor thence csslUo3 which confronts
thorn for Increasing and battering
tholr facilities. Orders aro on tho
books of tho big Iron and steel com
panlos for 2,700,000 tons of Btool rolls
an amount in excess of tholr capac
ity for Uio romalndor of tho year by
moro than 200,000 tons. It therefore
bocomcs npparent that much business
Is booked Into tho year 1901. Tho
manufacturing capacity for steel
rails will bo increased about 600,000
tons noxt year making tho posslblo
output In excess of 3,000,000 tons.
Foley's Honey ao Tar
to-crmarrntoio.snr" vn
J. A. BIVEN8, Pretldent
A. H. PALMER, Cashier. W. A. WOLVERTON, Asst. CaaMer.
THE CITY NATIONAL BANK
ARDMORE. I. -Ta
Capital and Surplus $100,000.00
Aoctmnuor arms and individuals
Accorded
usePLANSIFTER
HIGH PATENT FLOUR
(ft It Is the Best
WHALEY MILL & ELEVATOR CO.
Car Cane Seed I
Orange and
Bananas, Oranges, Lemons, Potatoes, .Cabbage,
Onions, Evaporated Fruits and Cauned Meats.
V
WHITEMAN BROS,,
Wholesale Commission Merchants. j
Suppose You Are to Live 50 Years.
Tho totnl cost of a business and
ihorthand courso In Tylor Collego Q
$1
25, That Is, you got tho benefit of
thosq courses GO years for a total cost
$126, or $2.60 a year.
Tho courses Incrcaso tho earning ca
pacity of Uio average person from
$300 to $840 a year, which is a clean
gain of $540 ft year.
In othor words $2.G0 a year Invested
In education brings a return ot $540
year, or 21,600 per cont Interest on
tho Investment. Can you beat It?
ou aro placod In lino of promotion.
kopt busy and In good company and
an soon bo Independent,
A practical education Is no lottery.
Thoro aro no blanks. No odds what'a
our vocation, it will bo worth ton
tlmCS ItS COSt. It In an illlt-nliln '
llfo, as handy as human need. It' is
worth a sacrifice Will you mako 117
Tyler College, Tylor. Texas. Uio lax-
est commercial and shorthand school
n Uio SouUi, will furnish cataloeuo
and full particulars freo for asking.
Kingman culUvatora,
Kingman stalk cutters.
King mlddlo busters.
Kingman combination corn and cot
ton chock rowers, all at Willi oss,
Corhn & Co.'s.
Tho Kingman make of farming ha-
plomenU havo takon procodenco over
every other make. Thoy represent
jorfoction in farming tools. Sold by
Williams, Codin & Co.
Bids Wanted.
Scaled bids for each and all orlvl-
legos for tho Odd Fellows' plcnio at
tholr park near Provonco. Moadav.
April 27, will bo received until boo
Monday, April 20, 1903.' Address
W. T. GARDNER.
12-7 Ardmore. L T.
Hung By a Mob.
Crowds ot people aro hanging Laid-
law's screen doors dally, 10-tf.
Cottages for Rent
Six now 3-room cottages on Sovtb
Washington street. $6.50 per month.
Four-room framo cottago, Seventh
avenuo and D atreot, northwest.
$13.50 por month.
Four-room cottago, barn, orchard, at
A Btroot and Eighth avenuo, northeast,
$10.
Houses fop Sale
$400 will buy a two-room dwelling
and also a three-room dwelling' on
two nlco lots. Theso two houses, and
lots adjoining uro a bargain.
$2,500 for a six-room dwelling, large
barn, orctfardrVInoyard, two wells,
waterworks, on seven largo lots, all
Improved. ,
Tho Redfield Agency.
Real' Estate, Rents, Loans.
Phone lai Ardmore, Ind. Ter.
DON LACY, Vice-President,
solicited. Courteous treatment
all nllkfe.
'Early Amber.
mi
4
r, ;

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