The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-12-14
THE WORLD BY WIRE.
Commercial and Financial.
from First Page.
STOCKS AND BONDS.


a fraction higher. During the first hou
prices sod up Is to 1-2, Denver, Virgini,
Western, Western Union, Louisville &
Nashville and Union Pacific leading tn,
advance. At IL o'clock there was frac
tional reaction. After fractional
depression the list recovered al
advance of to =, in which st
Paul, Minnesota & Manitoba, New JERSEY
Central and st. Paul We're most prominent
AT noon afractional reaction took place.
Money, g. prime mercantile, g. No. S
bar silver, S l.2; exchange, strong; actua
business, 1884; long, g. sights
governments, Irregular states neg
lected; railroads, generally stron
NEW YORK, Dec. l3.-[Closing Report. l.
Money p to @; closed offered y; prime
mercantile paper, Ga; sterling exchange
steady, 4.S0f; sight, 4 So; 8 per cents, 1O39;
extended 5's, l.O3s; AS, LIB; As, 1903.
WEETERN UNION TELEGRAPH STATEMENT.
NEW YORK, Dec, BAT meeting of the
directors OF the Western Union Telegraph
company to-day quarterly dividend of
| per cent. was declared, payable January
10. The report shows the net revenue for the
quarter ending December 3lst partially
estimated, $2,l50,000, which, added to the
surplus October LIST, gives $4,Sl7097, de-
Quoting interest on the bonded debt,
sinking funds, and the dividend lust
declared, leaves surplus of $3,490, 447.
| THE MISSISSIPPI VALLEY CANE.GRowRRs.
| ST. LOUIS, Dec. 13.--The third annual
convention of the Mississippi Valley Cane
growers association met here to-day, e1.
Lieutenant Governor w. ]. Coleman, of ST.
Louis, president, in the chair. Delegates
are present from Illinois, Indiana, Iowa,
| Nebraska, Kansas, Louisiana, Michigan,
Missouri, New Jersey, New York, Ohio,
Pennsylvania, Tennessee and Wisconsin.
lion. George b. Loring, commissioner of
agriculture, was appointed auditor. He
Will deliver an address before the conven-
ton tomorrow. A resolution providing
Tor the appointment of a committee to con.
slder the propriety of this associa-
ton asking congress to pur-
Chase the copyright of Isaac L.
Hedges book, entitled, Sugar Canes,
their product and manufacture, was unan-
lmously adopted. President Coleman read
ms annual address, which gave long and
| interesting review of the sorghum industry
and showed its great Importance to the
country. A member of the convention
stated that it sorghum manufacture really
proves TO be success, 1t will keep in the
country $4,000, 900 to $50 900, 900, which are
now paid for imported sugars and syrups,
and members OF tho convention will leave
Saturday for New Orleans, where they will
remain several days, inspecting sugar.
mills and relineries.
Professor Weber, of the Champaign, Ii.
linols, sugar-works, read paper giving
a record of the actual cultivation of cane in
the dillerent plants and with The aid of
different fertilizers, showing the various re-
suits, and stating what variety of cane was
most suitable for planting; also, describe
nj lnf,
ing. Professor Scoville, of the same
works. read papers on the work done and
methods employed ut the Champagne es.
tablishment, which, he said, were so salts.
factory they had increased their stock to
S5ONO,OO0, decided to plant 900 acres of
cane next season and to put extra machine
ry in their mills. James Bishop commits.
sioner OF statistics, read paper in reference
to tho works at Rio Grande, New Jersey.
Professor Mckenzie, of the Agricultural
college, Michigan, aud several other dele
gates, gave their experience, and the re.
malnder OF the day was taken up with dis.
cusIon and interchange of views and ideas
regarding cane and the manufacture of
sugar
In the afternoon session, Hon. j. Ster-
ling Morton, OF Nebraska, spoke on the
tariii arg>ing that all tariff taxes not
actually needed by the government should
be abolished at once. President n. l.,
Sprague gave his experience with sios and
en.ilage, and was deluged with questions
at It's close. At the evening session, DIR.
William Hope of Leith, Scotland, read
paper on the exhaustion of the soil, IN its
relations to fertilizers, and Hon, John b.
Grnnel one on what is due from agricu-
ture to posterity."
DUTY FREE.
NEW York, Dec. l3.--Thc secretary of the
treasury decides that sugars now made in
Hawaii are not different, within the mean
ing OF the law, from those made at the time
the treaty was signed, and are entitled to
| come into the United States free of duty.
| This ruling will have direct bearing upon
S3,OcOO0O duties upon sugars.
RESUMED.
WILMINGTON, DEL, Dec. Is. The Triton
| cotton mills, at Newcastle, have resumed
| operations, the workmen submitting to
reduction wages.
sumed in the rail department of tho Allen
town rolling.mill. The guide departments
are also again in full operation. The list OF
| idle employees Is largely reduced.
NEW YORK BOARD OF TRADE SUGGESTS.
NEW York, Dec. l3-The board of trade
| urges upon congress the passage o, an eoui-
| table and uniform bankruptcy law; that
the tobacco tax be not changed, but tri.
bunal be established for supervision in
interstate business; that the Hawaiian
treaty should be discontinued at the ex.
piration OF the term, and that the govern
ment postal telegraph be established.
ST. LOUIS GRAIN AND PRODUCE.
.sr. Louis, Dec. l3.-[Noon Report.l-
Flour dull and unchanged. Wheat dull
and lower No. 9 red, pii to Ns. Corn
lower, but excited; AIT to AN. Pork dull;
Ut. Bulk meats dull; shoulders, $50;
long clear and short rib, 9.l0; short clear,
$50. Bacon nothing doing. Lard lower;
0.40 bid.
ST.. Louis, Dec. l3.-TClosing. 1-Flour
better feeling, but unchanged. Wheat dull
and lower; No. 2 red, Oh TO 0ia, cash; Oh,
year; 95s to 96, January. Corn lower but
active; 47h to 47a, cash i6t tn 46a, wear ,
46i to 46l, January. Cornmeal quiet and
slow; $40. Whisky steady $l.I3. Pork
quiet; $l725, cash $3.50, January. Bulk
meats weak and slow shoulders. ego
long clear and short rib, 9.l0; short clear,
$50; market firm; loose lots and small
boxed lots OF young meat sell at about the
same prices. Bacon dull and nothing do.
ing Lard nominally 1910.
| LIVE STOCK.
ST. LOUIS, Dec, l3.-[Noon Report. Cat.
tie receipts, 1900; better supply and ,iair de-
mand; heavy shipping steers, S4.75 to $3.50;
light do. 81 90 to i,75. Sheep receipts,
l,S0O; stevdy and good demand; muttons
range at 1925 to $3.50.
ST. Louis, Dec. 1S Closing Report l.
Cattle, feeling fair, but movement slow,
owing to the poor quality Of offerings;