The Coos Bay times., September 22, 1907, SUNDAY EDITION, Page 3, Image 3

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THE DAILY COOS BAY TIMES, MARSHFIELD, OREGON, SUNDAY, SEPTEMBER 22. 1907.
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Fresh Demand
for Capital
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The decline in tho price of Brit
ish consols, and the high rates paid
by New York city for money, are
two among many symptoms of the
demand for now capital. One of the
best evidences of its magnitude is
afforded by tho statistic?, just made
public by the British board of tm.in
of tho organization of stock com
panies in Great Britain during the
past twenty years. It appears that
the number of "going" companies,
after throwing out those which have
disappeared as the result of incom
petent or dishonest management,
Increased from 10,491 in 1SS7 to
23,728 In 1S07, and 43,038 in 1007.
Tho increase in numbers, however,
is less significant than tho increase
in amount of paid up capital. This
stood at 501,508,G92 in 1SS7, 1,.
280,012,021 in 1S97, and 2,001,
010, 5SG in 1907.
It would be misleading to inter
pret tills remarkable increase as ac
curato men sura of tho growth of
Industry. While such a growth is
a factor in the increase of corpora
tion wealth, the Inrger part undoubt
edly represents tho conversion of
private partnership into joint stock
companies. British Industrial en
terprises, therefore, have appeared
in tho money market during the past
twenty years with an average an
nual appeal for about 70,000,000
of new capital, the actual needs be
ing probably larger In tho last few
years than in some of the earlier
years. It i3 not surprising that with
this demand for company capital
encountering demands from tho gov
ernment for about $SOO,000,000 In
now conslos and similar securities
since 1898, there was sharp bid
ding for tho supply in the market.
Consols suffered in price, and rates
tor money rose.
This acute demand for capital has
not boon limited to Great Britain.
Tho computation which is made an
nually by I,o Monltour des Interest
Materlels of tho output of new se
curities throughout the world placed ,
tho amount of such Issues in 190G, ,
outside of tho United States, at $$,
350,000,000, subject to reduction1
by refunding and conversion opera
tions to about $2,500,000,000. If
to this is added about $1,000,000,
000 for tho United States, the net
new issues of 19 0G stood at about
$3,500,000,000. These figures in i
themselves are a sufficient explana
tion of the scarcity of capital at tho
present time, and the difficulty of
floating new enterprises. Other in
fluences may have accentuated the
disturbance in the stock markets,
especially in our own; but even
very favorable political conditions
would be incapable of calling out
capital adequate for meeting tho
great demands of recent times.
That British consols have falllen
sharply within the past ten years,
until they havo reached tho level of
1848, is explained in part by tho
competition of other securities in
tho market which was formerly re
served almost exclusively for them.
Permissible trust investments havo
been extended in Great Britain to
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XTRAGQpp
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XZXXX0O$0&S$$O$O&$G$$$O$
spaced twenty feet apart
j HE discriminating efforts of this store are di
rected toward the selection and sale of
such merchandise in every department as to safe
guard the interests of each individual customer
and make all purchases fulfill his or her expectations,
The results of this policy appear especially in
our boys' department.
If you want to be sure of the boys' clothing you
buy sure to get the kind that will serve most
faithfully and look best while it serves you
must buy XTOAG0 n.
All kinds of inducements will be made you in
behalf of other makes. Cheapness will be argued
as an apology and substitute for the better quality
and superiority of XTRA000D. Don't be misled,
Buy XTnAG00D; be protected by the makers and
our own double guarantee, It means economy
and satisfaction,
11.
MarsMielcPs Leading
Outfitters
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XG$X$$$$$$$$Q$00$C$ttC)&&!,
The Australian
Passion Fruit
The account In the Pall Mall Ga
zette ono evening last weelc of the
unfavorable reception of tho first
consignment of Australian passion
fruit at Covent Garden aroused my
.interest, and hoping to secure at a
reasonable prlco I went next day to
the market to make inquiry.
A representative of the firm, who
i had received the consignment, which
was ono of about thirty cases, told
colonial, municipal and other stocks mo that, finding few buyers on the
which seem to afford adequate secu- previous day, they had actually
rlfv jitwI nav hlcrher returns. Tho given all the fruit away, but were
bonds of tho United States would I regretting their hasty generosity, as
probably havo suffered in a similar
manner if their exclusive market
had been Impaired. So large has
.been the issue of new banking capi
tal, however, with the accompany
numbers of people had since been
wanting it, and ono of the Agents
General had made an offer of 12s a
case for tho whole lot. "Tho people
who know tho fruit want to get it,"
ment of the Issue of circulating-) ho remarked, "and I dare say if any
notes, that considerable amounts of more is sent we shall be able to sell
united States bonds could still prob
ably bo floated without sending
down their price sharply. New
York Times.
Dr. J. G. Goble, the well known
optician, of Medford, Ore., will visit
all Coos Bay towns during Sept.
For dates see this paper later.
EAST MARSHFIELD.
it. The big hotels are asking for it
now it has been written about in the
newspapers."
To my question whether I should
bo likely to find any at the leading
stores, ho replied: "None of them
bought nny. Indeed, so Httlo was
sold I can't tell you where it went."
Still intent on my purpose I look
ed at tho window of every fruit shop
I passed; twice I was misled by some
singularly fine purple plumbs; but
at last my search was rewarded by
discovering a basket of eight pas-
Born Sept. 9, 1907, at Coqullle j sion-frult in a little shop near the
City, to tho wife of Roy Watson, a , Haymarket. They were not of so
daughter. rich a color as I expected, and my
Twenty young people of this place impression on looking at them was
went up to give Miss Nellie Major a ' that thoy had not been sufficiently
surpriso party Thursday evening,
this being her lGth birthday, where
all were given a hearty welcome and
entertained with games. Refresh
ments were served, after wishing her
many returns of tho day. Then to
make tho evening more complete, on
tho way home tho crowd charivarlod
a supposed bride and groom who
had been married tho evening be
fore. The neighbors at least are
glad there is not a wedding near
them ovory day.
Charles Edman 's many friends on
tho Bay will regret to hear that he
has suffered tho second stroke of
paraylsls since reaching his old home
in Sweden.
Pianos stored, tuned and cared
tor. W. R. Haiaee Muelc Co.
ripo when picked tho fruit as I re
membered it was of a rather deep
purple and of a fuller flavor than
these proved to be but with the fa
cilities we now onjoy for transport
ing fruit in fit condition great dis
tances oversea it should be easy to
remedy this fault.
The cultivation of the pasBlon
frult is increasing largely in Austra
lia, particularly in the Glenorio and
Arcadia districts of New South
Wales, where It has been found to
thrive on poor sandstone soli that
was formerly considered useless for
anything. It is an increasing cus
tom when planting an orange or
chard to put in. passion vines at tho
same time. A light trellis to sup
port the Tines lq run , midway be
tween the rows of trees, which are
in each
direction. This arrangement en
ables the orchardist to get a return
from his land eighteen months after
planting, and in six or seven years,
when the orange tree begin to bear
freoly, the life of the vine is no tho
wane and it is dug out.
The aim of overy grower Js to get
a winter or off-season crop, and In
good seasons as much as 100 an
acre has at times during tho past
ten years been realized. By prun
ing about the end of October and
heavily manuring early In Novem
ber a luxuriant growth is forced out
of the vines, and the flowering and
fruiting are hastened, so that the
crop Is ready for picking in April or
May.
The usual way to eat passion-fruit
is to cut off the top and scoop out
the contents with a spoon. The
pulp Is not unlike tho inside of a
choice gooseberry, but has a fuller
and moro piquant flavor of a curious
pleasant sharpness. Gazette Subscriber.
HENRYVILLE ITEMS.
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Miss Sadie Kruso was a Marsh
field visitor Tuesday.
Mr. M. J. Bowron of Henr'yvillo
was in Marshfield Thursday.
Tho diamond drill at Henryville is
down 250 feet.
Miss Muriel Lewis of Marshfield is
visiting at Henryville for a few days.
Mr. Tulley and Mr. Courney, Jr.,
of Flagstaff, were Marshfield visit
ors Tuesday.
Notice.
Jas. H. Flanagan herpby gives no
tice that between September 21st and
September 30th, 1907, inclusive,
sealed bids for tho construction of a
draw bridge across Coal Bank slough
at a point where Pennsylvania ave
nue Intersects said slough, said
bridge to bo in accordance with
plans and specifications on file and
open to Inspection in tho office of
said Jas. H. Flanagan in Marshfield,
Oregon, will bo received and con
sidered at said office. Bids shall
cover cost of material, labor and
everything In connection with the
construction of said bridge. The
right to reject any or all bids Is
hereby reserved.
Attention, Modern Woodmen of
America.
Thoro will bo a special meeting of
the Modern Woodmen of America
next Wednesday evening, September
25, at their hall. Business of im
portance. Geo. N. Bolt, Clerk.
Talesman Fined Fgr Contempt.
San Francisco, Sept. 20. Tho
work of securing a jury for tho trial
of Genl. Ford was continued today.
Tho juror temporarily accepted yes
terday was challenged for cause and
excused. Thirty-eight of tho forty
talesmen summoned were present.
One of the absent asked permission
to bo lato and tho other was fined ?25
for contempt.
ssatf
Portland & Coos Bay S S Linef
BREAKWATER
Sails for Portland and Astoria every Thursday'
C. P. McColIum, Agt.
Phone Main 34 - - - - A. St. Dock
Notice.
To our patrons, commencing
the first of October, 1907, all laun
dry work will bo placed on a cash
basis. Thanking you for past busi
ness and soliciting continuance of
tho same. Signed.
Coos Bay Steam Laundry.
TELEGRAPHING EUPROVES.
Reservation Orders Withdrawn For
Jlost Eustern Territory.
New York, Sept. 19. Superinten
dent Brooks of the eastern division
of the Western Union Telegraph Co.,
today Issued Instructions withdraw
ing reservations subject to delay
which was placed on telegraph mes
sages during the strike. Tho with
drawal was extended to territory
east of Buffalo and Pittsburg, and
north of Washington and Includes
the entire eaBt. .
BRICKS! KKS!
Preni
apn c
?i el's.
ctyies, ( UntornSjt,
Kitchen utensils at Prentiss',
F. S. DOW
Will have a steamor load arrive
Wednesday next. Place your orders
at once as the supply is limited.
Dr. J. G. Goble, tho well known
optician, of Medford, Ore., will visit
all Coos Bay towns during Sept.
Fortdates m this paper later,-
Home aaado bread at Corthell's
Delleateiseo.
"CRYSTAL"
SCHOOL SUPPLIES!
SCHOOL SUPPLIES!
Monday morning next school begins again and ovory boy
and girl will need something As this year all books aro ox
changed and you start In with an ontlro now series. Wo
havo them. Also
Writing Tablets
Pens and Pencils
Ink and Blotters
In fact everything you need to start
and sco us.
school with. Como
8
ifjfixBjlKJ&Qiz2&X&Si
Lockhart - Parsons Drug Co.,
Corner A and Front Streets.
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