davidaulloa/AmericanStories huggingface dataset:
The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1897-02-27

We have commenced to reduce stock pre-
parato to taking our annual Inventory
and have marked many articles at greatly
reduced prices:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
HIGH CLASS COMMISSION.
The Probable Outcome of the In
dfanapoIis Conference

INDIANAPOLIS, Jan. cit has been
definitely settled that the monetary
convention which begins January II.
will be held in Tomlinson hall. There
have been acquisitions for space from
newspapers. Local members Of the
convention will be able to conclude it's
labors in two days or three at the out
side. The general feeling at present is
that the work will resolve itself into
the appointing of a commission of non
partisan, high class, conservative bust
ness men; representing as nearly as
practicable the various sections of the
country. 1t is thought the commission
should not consist of more than f1f-
teen members. 1t is the idea of some
of the committee that all of the mem
bers Of the commission should receive
a salary. 1t is believed that the COM
mission should be we'll provided with
funds, so that there may be no hest
tatiOn in collecting data calling eX-
perts and securing written testimony
as to the finances of other countries.
1t is thought that the money for these
purposes will be subscribed by the
commercial organizations throughout
the country.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
hight NET CHANGES
GENERAL STOCK MARKET CLOSED
WEAK AT ABOUT THE OPEN
ING PRICES.
STRENGTH AT THE START.
THE OPENING DEALINGS MARKED
BY AN UNUSUAL DEGREE OF
ANIMATION.
LOWER LONDON PRICES IGNORED.
Raid on Delaware & Hudson In the
Final Hour Reacted on the
Whole Active List.

NEW YORK, Jan. 6.-The general stock
market during the forenoon displayed in
creased strength and a greater degree of
animation than has recently been noted, part
ly owing to what regarded the vir-
tual shelving of the Cameron Cuban reso-
lutions. The prospect of peaceful settle
ment, thus taken for granted by the trad
ers, caused more cheerful sentiment which
was reflected in a wider distribution of bust
ness at advancing prices. The dealings in
cluded number of the usual inactive stocks.
The specialtes were subjected to considerable
manipulation and more favorable character
OF the railway returns received, encouraged
operations in the grangers and southwesterns
for the long account The traders disregard
ed lower prices for American securities IN
London, and some selling for that account
here and worked against the shorts in some
of the stocks that have recently displayed
the greatest. heaviness. Consolidated Gas
was advanced on the suggested probability OF
the agitation for 81 gas giving place to meas
ures providing for gradual moderate re-
auction in the prices, covering period Of
several years. The other local gas properties
also scored material gains. The anthracite
coal shares were actively dealt in at advanced
prices. Delaware & Hudson particularly rose
Ia per cent. to 121% on rumors that the Z
per cent dividend rate would be maintained.
The action Of the directors in reducing the
1897 disbursement to per cent. was not
announced until near the close Of business,
sentiment, affecting also the general list.
Delaware G. Hudson fell 81 per cent. to 1874,
and the general list yielded sympathetically,
but became less active on realizations. Chi
cago Gas, however, was we'll supported. New
Jersey Central sold off ~ per cent. on un-
favorable comparisons Of the company's earn
ing power with that of the Delaware & Hud-
son, which is now on the same dividend
basis. The market closed weak at slight net
changes in either direction.
Business in railway bonds was on larger
scale than for some time, and general i'm
provement occurred, which was the more pro-
nounced in the high grade issues. The mar
ket showed broadening tendency and in
vestment houses reached a brisk demand for
hitherto neglected bonds. Sales were ST.
451, 600. The total sales Of stocks today were
145, $50 shares, including: Sugar, 2220O; Bur-
lington,, 1890; Chicago Cas- $500; Chesa-
peake & Ohio, 3,400; General Electric, 5000;
L: & n. $780, Reading, 500; Rock Island,
300; St. Paul. 700; Union Pacific, 800;
Delaware & Hudson, 1880.
The following were the fluctuations OF the
leading railway and Industrial shares, fur
nished by c. H. F. Smith & Co., members
New York stock exchange and Chicago board
of trade:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
ST. PAUL GRAIN.

Quotations on hay. grain, feed, etc., fur
nished by Griggs Bros. commission mer-
chants:
Wheat-No: l northern, 771k@7SAa; No. 2
Oats-No. 2 white 16@161ac; No. 3, 15@16c.
Corn-No. yellow, 2O@21c; No. 8, 1870
Barley and Rye-SampIe barley, 2O025c:
No. rye, 341a@35c; No 3 rye, 33@34c
Seeds-No L flax, 721a@173c; timothy, 900
81 20; clover, 1904 so.
Ground Feed and Millstuffs-No. 1 feed, Q
bu corn to 1 blu oats, 5000 50; No. 2 feed
bu corn to 1 blu oats, 50 75610; No. 8 feed
ground, 1 blu corn to 2 blu oats, $iO .2561f;
cornmeal, bolted, $13@14; cornmeal, unboited,
S.. 250S so; bran. s.. 25@5. rs.
Hay-Market heavily overstocked with all
excepting choice qualities. Much of the hay
now here and that arriving is damaged or is
liable to heat on account of dampness in the
bales, and for such it is difficult to find sale
Quotations: Fancy upland, $685. good to
choice wild and upland $405; common and
coarse qualities. $3Q3.75 good to choice tim
othy, $6.50Q7.50
straw-Good demand; oat straw, $8@3. 25;
rye straw. $3.2503 80.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
RATE ON POTATOES
DAsOOesED AT MEETING IN THE
OMAHA GENERAL OFFICES
YESTERDAY.
IAhIFF WILL GO UP AGAIN.
EASTERN MINNESOTA WILL cow.
MENCE THE CONsTRUCrIoN
SOON OF NEW DOCKS.
BUSINESS DEMANDS MORE Roo,,
Reported Also That Two Large
Freighters VIII Be Added to
the Shipping.
TARIFF WILL GO UP AGAIN.
BUSINESS DEMANDS MORE ROOM

Northern lines held meeting yester-
DAY at the Omaha general office build
ing TO consider the matter of restoring
rates on potatoes to Texas points. The
reduced rate, which was placed in eff
IecI jan l, will expire Jan. TO- The
southwestern Traffic association has
ALREADY sent out notices to the effect
lhat the rate would be restored Jan.
H. ana the Northern lines consequent
~ were called upon to do nothing more
serious than follow the example of the
other association. The rates which will
go INTO effect Jan. II are on an aver
age OF a cent and a quarter higher
than those in effect prior to Jan. /.
Inc report which the Northern lines
will make to the Western Freight as
ISOLATION will recommend that Glass q
differentials may be applied to the
making of potato rates, carloads. from
points on the Fox river to Texas: also
that yates on the line of the Wisconsin
Central, west of Stevens Point. and
rates on the Portage branch of the Wis
consin Central be a cent and a quar-
ter higher than from Fox river points.
Points on the st. Paul & Duluth now
taking p cents, from Southwestern Mis-
souri, river points will be to Texas one
ana quarter cents higher than from
Fox River territory. Points on the
Northern Pacific and Great Northern
will carry the rates as from st. Paul
and Duluth points. The rates from Du-
luth to Texas will be 63A cents; 80
cents from st. Louis and Kansas City;
81 cents from Chicago; 81 cents from
the Twin Cities, and 63A cents from
points on the st. Paul & Duluth, the
Northern Pacific and the Great North
ern. Moorehead and Fargo and other
common points will carry 81a cents
higher than the st. Paul rate.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
MINNEAPOLIS GRAIN,

MINNEAPOLIS, Jan. 6.-The local wheat
market .opened fairly strong this morning.
being slightly in advance of yesterdays
close. Trading, however was light and CON
tinued to be light throughout the morning
session. Local operators do not appear to
be quite sure Of their ground and nanv
nave a.most renowned their bull sentiments
1or time at least. The domestic demand
which has held the market up for some
weeks past, shows signs of further decline
Reports are becoming numerous that winter
wheat in farmers hands has been greatly
underestimate. That the shortage of sun
plies which prevailed through November ana
December was more artificial than real that
farmers h3d been educated to believe in 81
wheat, and, as a consequence had withheld
their offerings as much as possible. ReDorts
OF damage done to the growing crop are
now said to have been exaggerated: that in
fact, the great bulk of the crop has seldom
been in better condition than at present New
York advised that foreigners were selling the
May futures; other dispatches said that T,iv
erpOOl houses had bought 40 0GO hi todav for
export and that something Ike O00 hu
had been taken yesterday for shipment dur
ing the months OF February March and
april mere Is enc feature worthy of note
and that is, that foreign markets do not fol-
low the markets this side There an
pears to be inherent strength as to values
which does not reach out in the way of bid
ding strongly for our surplus. CIearances
from the seabOard re liberal but chie1v
IN the form of -four. Closing cables quoted
Liverpool I'D lower for the day. The govern
ment final report on the crop Of 1896 is ex-
pected to issue today or tomorrow Advance
tips vary from 405, 600, coo bu to $50 900 900 bu
May wheat opened at S0%c against sou
GSG3sc yesterday, gained &c sold at SO1b65
SO@sc, sold at S03sc declined to S02sc advanced
TO S0%c, lost 14c firmed up to S03i 68075c
lost &c, and held steady for a while. then
dropped to soc about 49, and by noon held
at 1880.
The demand for cash wheat was slow again
today. Prices were relatively better than
yesterday, the most of No. 1 northern going
at S4c to 11hc under the May future. Low
grades were slow to move. No ! northern
sold at 7907914c and No. at 771b67S1bc.
Sales We're made as per statement below
Receipts here were S. cars; shipments 26
cars.
The wheat market ruled very weak durinp
the greater part Of the noon hour Nav
wheat declined 1c by 1926 p. m: Closing
cables quoted British markets easier Der.
lin closed steady for May and / mark high.
er for July.
January wheat closed at TIC. and May at
~ 1-16c.
RANGE OF PRICES.
Wheat-January-C today, Tic; YES
terday, 785sc. May-opening, S0&c highest.
SO7sc; lowest, 79c; closing today. 70 i-16c:
closing yesterday S04sc. September-Closine
today. 72iAc; closing yesterday, 739sc.
On Track-No. l hard, 1850; No ] north
ern. 773sc; No northern, 75%c; January
cats, 161zc 1axseed, zoe.
Curb May wheat bid . 10
Puts 0p-Msy wheat ................ .7S3s
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
PACIFIC CABLE AGREEMENT
Signed on Behalf of England and
Two Colonies.

NEW YORK, Jan. GA copyrighted
cablegram from London to the Even
ing Post says: The draft of the Fa-
cific cable commission was signed this
afternoon on behalf Of the British, Aus
tralian and Canadian governments,
after many months Of investigation
The result, which is kept strictly Sc
cret for the present is awaited with
keen interest as the first tangible prod
Uct Of Joseph Chamberlain's aggressive
colonial policy, an important step to-
wards esta blishing British supremacy
In the Pacific and supplying the en-
pre- with trunk line imperial cables
free from possible foreign interference.
1t is understood that the report IA
Vors laying a cable at the earliest pos
stble moment between Vancouver and
Australia, under Joint subsidies by
England, Canada, certain Australian
colonies and New Zealand. 1t must
touch none but British territory, leav-
ing Hawaii to be tapped by a branch
line. The Laurier government made
Canadian support absolutely condition
al upon the absence of foreign stations.
which would destroy the strategic val
ue OF the cable to the empire in case
Of war.
The Canadian delegates strongly ia
VOred the construction and operation of
the cable as a joint government enter.
prise by an imperial colonial cable
trust, England, Canada and Australia
each paying one-third of the cost. Eng
llsh official opinion, supported by some
of the Australasian colonies and backed
by strenuous opposition on the existing
Eastern company monopoly, favored a
subsidy to an independent company.
which course will probably be adopted
The cable will cost about $4,000, 1000 to
put down, and will be ready within
two years.
The project now awaits the approval
of the imperial and colonial cabinets.
and the passage of the necessary votes
by the various legislatures. The only
difficulty expected is in Australia,
where fntercOlonial rivalries are GER
tain to create opposition.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
NEW DOCKS IN SUPERIOR,
Eastern Minnesota VIII Soon Begin
Their Construction

The Eastern Railway of Minnesota will
soon, 1t Is announced commence the con-
structon of new and elaborate docks in ST.
perior for the better handling of its freight
traffic. The road has heretofore been loading
its ships from the docks near the elevators
and the facilities have been insufficient. The
Minneapolis flour output alone sufficient
to crowd the company for room. In addi-
ton to this the present docks are not con-
venient, as the ships of the Northern Steam
ship company are required to pass through
two bridges and then back into the slips
by the aid of a tug. The new docks will be
located upon Connor's Point, where there is
ample room for a very commodious plant.
The company will build docks which will ac-
commodate the heavy freight cargoe3 as well
as flour and grain. 1t is understood that the
plant will be built upon the site of the
burned elevator. An official Of the Great
Northern practically confirmed the story to
reporter for the o yesterday. Along
with the statement is one that the Northern
company has asked for bids for the con-
struction of two immense new freight carriers
to be ready for service by August. The
steamers, 1t is understood will be put on
through service between Duluth and Buffalo
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
RATE TROUBLE THREATENED
Between New England and Pacific
Coast Points.

CHICAGO, Jan. e.-serious trouble is
threatened on rates from the East to the Pa
chic coast. The Atchison today applied to
the chairman Of the Western Passenger asso-
citation and of the Transcontinental Passen-
ger association for authority to reduce the
through rates between New England points
and the Pacific coast. The Western roads
have for some time been very FESTIVE under
the amount Of business for the Pacific coast
that has been going by the Southern roads
The Atchison was requested by the chairman
to wait for a few days until after the meet
ings that are to be held in this city next
week. and if no action is taken then it is
likely that the Atchison will make the re-
auctions on It's own account. No statement
was made today of the extent of the proposed
reduction, but it will be sufficiently low to
secure a portion Of the business.
Chairman Caldwell, of the Western Passen-
ger association, today made decision regard
Ing the transportation Of baggage cars that
are used for advertising purposes and &C
companied by an advertising force of six to
ten people. The chairman holds that the
cars shall not be granted unless on the pay
ment of at least fifteen 1rst-class fares for
each car for the distance travelled except that
when secondclass cars are in use second
class fares may be accepted instead of first
class.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
DULUTH GRAIN.

DULUTH, Mimi, Jan. 6.-Todays receipts
of wheat were only 20 cars, the lightest Of
any day in seventeen months. Cash business
was light, sales amounting to 10000 bu. The
mills took half and paid &c under May. The
shippers paid 234c under. The market opened
&c stronger than yesterday at $3.50, but lost
1hc and fell steadily from there to $3.50
and closed with that price asked. Rye gained
1c in the market today.
The ot close Cash. No l hard, soc; No !
spring, na4@72a4c; rejected, 56@60c; to arrive,
No. hard, SOC; No. northern, 7S1ac; May,
No. l northern, 81%c asked. Receipts, wheat,
,S54 bu; shipments none; cars inspected, 20;
last year, 80.
Receipts-Corn, none; oats 72,6O1 bu; rye,
1018O bu; barley, 49, GAO bu; fax, 9997 oats,
close, 17AQ17Ac; rye, Csc bid; fax, 1kc;
May, 76c
Cash sales were as follows: 5000 bu No.
l northern, Sic; cars No. 1 northern, S01hc;
o cars No. 1 northern, SOC; 1 car No. 2 north
ern, 7S12c; $500 Blu fax, 73c; 1 car fax, 721ac;
cars fax, TIC.
SUPERIOR GRAIN.
WEST SUPERIOR. Wis, Jan. 6-Close:
No. hard, $685. No. 1 northern, 1850; No.
northern, 771sc; No. northern, 7S5sc; re-
Jected, 713sc; cash fax 711ac. The receipts
of wheat were 1900 blu; shipments none.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
OTHER GRAIN MARKETS.
NEW YORK.

NEW YORK. Jan. 6.-Flour- Receipts,
II. 1913 bbIs exports, 1854 bbls; market dull
and weak Minnesota patents, 81 1904. 85.
Rye -four quiet. Buckwheat -four dull. Buck
wheat steady. Cornmeal steady. Rye steady.
Barley steady. Barley malt dull. Wheat
Receipts 81 $50 bu spot weaker; No. 1 hard
905ac; options opened firm on better cables
but subsequently yielded to excess liquidation
and weak late cables breaking &c a bu and
closing at 112M15sc net decline No 2 red,
January, closed at S9Hc; May So 7-1602g8sc
closed at 875sc. Corn-Receipts. G5 325 bu:
exports, 1854 bu; spot steady; No. 2, 29%c;
heavy all day, closing &c net lower; Janu-
airy closed at 29$sc; May 311a6315sc closed at
311ac. Oats-Receipts, 81, 400 bu; exports,
1925 blu; spot duh; No. 2, 22Hc; options
net lower; January closed at PC; May, 2S3s
0237sc, closed at 233sc.
GRAIN GOSSIP.
& Co., ST. Paul, members of New York stock
exchange and Chicago board Of trade
-Four ports cleared 1898 bu wheat, 34,473
bbls flour, equal to 222, AGO blu wheat.
Estimates are made that Europe will save
by substitution 1OO,0O0,000 blu of wheat and
balance of the world at least so, 600 600 bu
more, making up the $4,000, 900 bu worlds
shortage estimated by Beerbohm.
Liverpool cable: SPOT wheat steady. No
northern, 12c lower; corn firm. Future wheat
steady; corn steady. London: Cargoes on
passage, wheat dull corn quiet American
wheat parcels rather easier. Country mar
kets, English steady, French steady Berlin:
Quiet, May Am lower; July, Am lower.
LIVERPOOL
LIVERPOOL. Jan. 6.-Wheat-Spot steady:
demand poor; No red spring Is; No. l Cal
ifornia, rs 21ad; futures opened steady, with
near positions unchanged and distant posi-
tons Ad lower; closed quiet with January
snd May IA lover and other months un-
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
REIGN FINANCIAL.

$4:s3 Bar silver. 64Ac; silver certificates.
64A@65Ac.
FOREIGN FINANCIAL.
NEW YORK, Jan. 6.-Evening Posts Lon
don financial cablegram says: The stock mar
advance, but little business was done. Amer
leans were good, chiefly on New York buying.
There some insurance house buying of
the better class Of bonds but the buying of
shares here is very slight.
DIVIDEND REDUCED.
NEW YORK, Jan. 6.-The Delaware & Hud-
son directors today at their meeting decided
to reduce the dividend for the year 1897 to a
per cent. Last year the dividend was per
clare the dividend for the full year out of
the earnings Of the previous year.
BANK CLEARINGs.
st. Paul-$474 POI. 49,
Minneapolis 1852. Sc.
New York-Clearings SIP 234 624: balances
s., 399, 749
cd B st s1s2aoa57; balances 49,,
TREASURY STATEMENT.
WASHINGTON, Jan. 6.-Today's statement
of the condition Of the treasury shows Avail
able cash balances, 1929, 1S8, 045; gold reserve,
$13S, 329, 1872.
CHICAGO MONEY.
CHICAGO. Jan. 6.-Money steady, I'M
changed. New York exchange, 212c discount.
Foreign exchange irm; demand, $4S6A;
sixty days, 81 .SS%.
BANK AUTHORIZED.
WASHINGTON, Jan. 6.-The comptroller
OF the currency has given authority for the
organization Of the Ham National Bank of
Mount Vernon, ILL.,, capital, $4,000.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
MINNEAPOLIS MARKET.

MINNEAPOLIS, Jan. 6.-While trif1e bet
ter feeling noticeable on creamery extras
and hrsts, with moderate advance in quota
tions the opposite was the rule with regard
to limitations, roll and print ladies' and pack
ing stock, which are lower and easier. Dali
rie3 held without change on all grades.
Strictly fresh eggs were in good demand
on change, with quite few sales made at
a trif1e above quotations. Considerable call
developed for eggs to arrive, and fair
amount of business was transacted Re-
ceipts continue light with retailers active,
BUYERS. Storage stock is lower.
The cheese market is in good condition
with most lines moving at quotations
Turkeys and chickens took a jump in price
today This has occurred through the light
receipts coming this way, together with an
improved demand Ducks are higher and
geese quiet and unchanged.
Veal is steady at 6G61Rc for strictly fancy
stock. Mutton and lamb are moving in a
fair way. Dressed hogs &c higher on
light, clean stock.
NEW YORK PRODUCE.
NEW YORK, Jan. ebay steady. Hops
quiet. Hides quiet. Leather steady. Wool
quiet. Beef steady. Cut meats dull. Lard
weak. Pork quiet. Petroleum dull. Resin
steady. Turpentine firm. Rice quiet. Mo-
lasses steady. Pig iron quiet. Copper steady
Tin steady. Spelter easy. Pig lead steady.
Cottonseed oil dull Coffee options opened
decline; closed irregular; December, up and
others 5015 lower; sales, 49, 700 bags. Sugar
Raw firm; refined firm.
BUTTER AND EGGS.
NEW YORK, Jan. .-Butter-Receipts. 332
pkgs; steady; Western creamery 13620c: Ell
gins zoe; fancy, 9Q14c. Cheese-Receipts 6, $50
pkgs; quiet; state, large and small, 71h6I1O% c:
part skins, 4@8c; full skins, 21a@3c. Eggs
Receipts, Z, 709 pkgs; steady; state and Penn
sylyania 19@21c; Western 14@1sc.
Chicago, Jan. 6.-Butter firm; creamery,
15Q19c; dairy, sQ17c. Eggs firm; fresh, 1sc
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
Railway Notes.

R. w. Price, until recently connected with
the freight department of the St. Paul & Du-
luth, has been appointed ticket and passen-
ger agent of the Seattle union depot Mr.
Price is we'll known in St. Paul, where he
has many friends in the railroad business.
The Great Northern has issued some very
neat and novel mileage books for use during
1897. The book is in the form of folder
The mileage slip is protected from wear by
side leaves which open from either side and
on the inside of which are printed the con-
ditions for use, the contract etc. The books
were printed by Chicago firm
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
IEAT MOVEMENT.
RECEIPTS AND SHIPMENTS.

Received-Wheat, 1880 bu; corn, 1920 blu;
oats, 5000 bu; barley, 2,61O blu; rye, 2,1OO bu :
fruit, $4,000 lbs; merchandise, $685. 100 lbs; lum-
Der, II cars; barrel stock cars; machinery
$4,000 lbs coal, 500 tons; wood 355 cords
prick $4,000; household goods. 10000 lbs; ties,
sundries, cars. Total car lots. 347.
Shipped-Wheat, 20,O2O bu; corn GOO bu;
oats, 24,99O blu; barley, 2,670 blu; rye, 1850 bu
flour, sc, 461 bbls; millstuffs, 769 tons; mer-
chandise, 995,22O lbs; lumber, II cars; barrel
stock, car; live stock, 1 car; railroad ma
terials. car; sundries, cars. Total car lots,
442-
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-01-07
GOING TO VENEZUELA
Winter Run of PrOspectors and
Tourists Begun.

The regular winter run of prospectors and
tourists to Venezuela will start up within a
few days, and it is announced on very good
authority that one railroad at least running
out of st. Paul will make some very low rates
to that far-off country via New York The
objective point of the excursions will be
though other ports will be included. 1t is
expected that the competition will be very
spirited before the Venezuela travel has
ceased for the season. The present time is
the summer trip through the tropics is very
uncomfortable.