Daily Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1876-1884, 1878-05-16

TORONTO, May Is. -Hanlon won
the international boat race.

The International Boat Race.
TORONTO, May Is. -Hanlon won
the international boat race.
Boston wooi Market.
BOSTON, May 15th.-There is no
material change in the market.
The demand is steady, but prices
remain without Improvement.
Dealers are anxious to close out
old stocks as fast as possible and
manufacturers purchase only at
low prices. The market, however,
has now touched a comparatively
low point, particularly for clothing
fleeces. In California woods sales
were made at 10000. for fall and
spring. Pulled woods are in fair
demand, with sales at 25@26c. and
26@42lc. for superior and Y.
contest for Control.
NEW YORK, May 18th. - The
Michigan Central books for the
annual election closed to-day and
the business of transferring stock
was active throughout the day.
During the morning cash stock for
transfer purposes was sold for
half per cent. bonus, but SUISSE
quently the rate advanced to II
per cent. For the control Of the
road an active contest was carried
on between VIM. II. Vanderbilt on
one end and Moses Taylor, Samuel
Sloan and their friends on the
other.
The Pacific Mail Steamship Com
panys transfer booke close on the
20th inst, and there is an active
contest for the future control of
the company between Clyde aud
others, now managing the compa-
ny, and Henry Hart and his
friends.
The Chicago and North western
directors meet in this city to.mor-
row, when it is expected that a
dividend of 8! per cent. for the past
six months will be declared on
both common and preferred stocks.
1t was reported this afternoon that
the statemement to be submitted
to the directors would show sur
plus after the payment of these
dividends amounting to more than
one.haif of one per cent.
The ten millions of 43 per cent.
bonds recently taken by the Syndl-
cate have been absorbed for invest
ment. The advance in gold is due
to the purchase to pay for the Al
per cent. bonds.
WASHINGTON, May 15th.-The
House Committee on Indian AT
fairs have agreed to report for
printing and recommittal the bill
recommending the reference to the
United States Court of Claims of
ali claims arising from Indian dep
relations.
VIII Stop work.
PHILADELPHIA, May 15th.-The
Schuylkill coal operators have de-
cided to stop the mines for two
weeks, beginning Saturday next.
The Republican Cnucus-Tbey RE.
solve 90 Resist she Investigation
of the Electoral Frauds.
WASHINGTON, May 10Th. - The
meeting Of Republicans this after
noon was to take action concerning
the proposition to investigate the
alleged Florida and Louisiana
Presidential election frauds. The
caucus was addressed by Repre-
sentatives Banks, Garfield, Hale,
Conger. Fort, Brown, Butler, lit
ner, Hazleton, Blair, Williams of
Wisconsin, Thompson and others,
oil i,,ry n tIn rnay,tlit0
lutions offered from the Democrat
ic side had a purpose hidden and
deep to overthrow the present adj
ministration, while the result
might lead to revolution in the
country. The only question of
difference was as to how far the
Republican members should resist
the passage of the resolutions.
Should the amendment now in the
hands of Hale, proposing to in
clude Oregon, Mississippi and
certain matters connected with
Louisiana and Florida in
the Investigation he excluded
and as to whether they should by
such resistance take the RESPONSE
bility of impeding legislation for
an indefinite period in order to pre-.
vent what they deemed not only
wrong, but dangerous. 1t was gen.
orally held that the intent of the
resolution was of sufficient gravity
TO justify resistance to that end.
Browne submitted resolution,
which was agreed to, providing for
committee of nine to prepare res
olutions expressive of the sense Of
the caucus. They reported the fo.-
lowing resolutions:
Resolved, That the resolution
now pending in the House is an
attempt to reopen the question of
the Presidential title settled by the
action of the 44th Congress, and,
therefore, revolutionary and de-
structive of good order, the bust
ness prosperity and peace of the
country.
Resolved, That the effort Of the
Democratic majority to force upon
the House without an opportunity
for amendment or debate q meas.
ure af such revolutionary charac-
ter, which has net been recon-
mended nor considered by any of
its committees, but has been de-
vised by individuals for private or
party ends, should be resisted.