davidaulloa/AmericanStories huggingface dataset:
The times., 1897-08-26
New York Cotton Market
NATIONAL BANK RESOURCES.
Deputy Comptroller Coffin Takes
a HODefuI View.

Deputy Comptroller Coffin said yesterday
concerning the resources and liabilities of
all the national banks, the foIlowingi
The figures showing total resources and
liabilities OF all the national banks on July
90, 1897, Just compiled, are full OF
strength and promise. They show total
resources or liabilities amounting to SS,-
563,4O8 ,O53, the greatest amount ever
reached in the history of the system. The
nearest approach to this condition wss
total of So, 1884, 4,s97, on September
80, 1892.
The item largely contributing to this
grand aggregate of liabilities is that
Of individual deposits, which, on July
%, 1897, stood at SI,77O, ,4SO, 500, the
highest poi Mt ever touched by this item, the
next highest having been 81, 765, ,422, $50,
on April 80, 1892.
This showing is all the more striking be-
cause it is made after the severe Ilquida-
ton of the past four years, which has re-
duced the number OF national banks from
$3.50 high water mark on May 1, 1898, 70
3,S1O on July %, 1897.
In the item OF loans and discounts the
highest point ever touched was =, ,16I .4O1-
s5s ON May 4, 1888, Just preceding the panic
countson July %, 1897. were 81, ,977 1884,
T1o. but actual cash in bank on July 23.
1857, was Sab SIS, ,62t, against but
1922, ,S63,3 on May 4, 1898, when loans
Were most greatly extended.
As the loans OF the national banks ex-
panded about S43 900 900 between May
II and July %. 1897, it is nearly certain
that this movement has continued during
figures is that the national banks, a
Whole, were never stronger and better
prepared III cash resources TO furnish all
facilities for moving the great wheat and
cotton crops that are now coming 10 the
markets OF the world. The only speek OF
danger in the future is that amid all the
present evidences OF business revival,
tire bitter experience Ofthe past four years
may oe forgotten ard that the ball of spec
ulatiOu may be again set rolling into
future OF business di isaster.
The times., 1897-08-26
SHARP RECOVERY IN WHEAT
1t Furnishes the Only Feature Of a
Listless Day.
Stock Market Opens Weak at First,
Declines Sharply, With Reac-
tion In the Afternoon.

New York, ug. 25.-While not much has
been heard this year OF the CUSTOMARY mid
summer dulIuess, something of that char
acter settled down upon the Stock Exchange
today. The tone of the trading was uncef-
tain and its character was professional
The London market was depressed by the
disturbances in India, and foreign houses
sold a small amo unit of stocks here. Inter
est in the market was largest In the grang-
ers, Atchison, Missouri Pacific and Chesa-
peake and Ohio. An advance in New York
Central and the other V ander bilt stocks
was feature of the late dealings.
The commission houses were disposed TO
buy, but were deferred by the adverse
attitude of London and of the larger local
interests Professional operators, moreover,
Interpreted the sharp recovery in wheat as
confirming recent domestic crop damage
reports, This, in measure, may have been
true, though the Weather Bureaus weekly
statement of yesterday afternoon, to which
appeal waa made, is no more pessiInistic
III ItE I6Ifldi KS on TIE NOTbDW WeSteTH HARVEST
than was the snow report of Monday.
The grain trade, in fact, scanned much more
disposed to ascribe the days advance in
wheat to renewed and heavy export en-
gagements at the seaboard.
Advices from the London market were
simply contradictory. Sterling exehan ge
was slightly firmer, possibly in consequence
of this continued pressure of security sales
from London, Yet even in the market for
exchange the situation was confused. The
London discount rate advanced, yet Paris
sterling rates declined. 1t is very plain
that the whole International money marke,
is feeling its way with caution through the
final period of doubt over the world grain
output. As for the local stock market, IT
moved up and down with curious lack of
purpose 1t opened weak, declined sharply
before noon, recovered most OF its losses
in the early afternoon, and closed, as n
rule, with heavy tone
The times., 1897-08-26
ANXIOUS TOENTER THENAVY
TIVE Colored Boys to Be Examined
at Annapolis.
VIII Line Up With White Youths
Next Week to Undergo Their
Initial Trial.

Two cosored boys win undergo examina-
tion for cadetships at the Naval Academy
at Annapolis next week instructions
haze ebeenissuedfromt the Navy Department
to this effect and they will be entitled to
and win have fair trial as TO their
abilities to enter the classes of aspirants
for naval command in coming days.
These two boys are John w. Smith, of
Chicago, appointed by Representative
Georg,: L White, of that city, and Richard
c. Bundy, of Cincinnati, VITO was ap-
pointed by Representative William c.
Shattuck. of Cincinnati.
1t is estimated that between ninety and
one hundred white boys will undergo exami
nation next week, and Smith and Bundy
VIII be examined with them. They are thus
guaranteed a fair and impartial eXamina-
Uion, OF the same character as will be taken
by the White candidates.
They VIII bc first passed upon PHI hysically
by q board composed of three medical Off
GERS, and in case they shall be found in u
| satisfactory condition they Will then be
/ certified 70 the examining board. The men
! tai eX ANIMATION viii be confined TO reading,
! writing, spelling, arithmetic, algebra. gram
mar and geography.
, Although in past years several negroes
/ have passed tie entrance examination and
have even continued with their class for
some time, they have eventually come u
grief on the various examinations, and none
/ has ever succeeded in graduating. On one
/ occasion twenty white men were dismissed
/ from one class of which negro vas n
member on account of 'baZing' him.
Bundy is said to have white blood in his
veins In any event his friends and those
OF Smith say they arena afraidof. hazing,
and Representatives. Sbattuck and White
have announced tha.if thetwo boys show an
aptitude for the studies they viii pursue
| they VIII see that they are given fair play
Naval officers DO not believe that the boys
| viii graduate.
The times., 1897-08-26
AN ARMY FOR COPPER RIVER.
An Expedition After Gold Preparing
to Fight Alaskan Indians.

San francisco, Aug. 25-The schooner
Laninta, which will sail today for Cop
per River with fifty men of the Southern
Alaska Mining and Developing Company,
Will carry 100 magazine rifles, TWO re.
volvers for each man and an abunda 1T
store of ammunition.
A number Of expeditions have been
driven from the Copper River country
by Indians Individual prospeetors sci
dom return To tell vf their experiences
1t il tine purpose of these gold-seekers
TO fight the Indians If molested.
The schooner will be used as winter
headquarters and base of supplies The
men viii go up the river in steam launches
and whaleboats. town site viii be
founded and wharves built.
Mrs L. Durand, OF Boston. owner OF
a large steam laundry there, will go to
Dawson City on the Navarro, To look
over the situation. II 1t is favorable, she
will send up next sprihgaa complete laun
dry outfit.
Miss Julia Day will open a dressmaking
establishment in Dawson. II
Some very rich discoveries of quartz
have been made around the head OF Lake
Labargc. ~ d
The Alaska Mining and Trading Associa-
ton was Incorporated Monday by Anson c.
Stowe, DR.. Emma S. stowe, Mrs. jeanette
Conner, Ray L. Bernier and Robert b.
Crichton The capital stock is 81 ,000 900
of which $50 has been subscribed
The times., 1897-08-26
MOUNT BETHEL ASSOCIATION.
Officers Elected at the Convention
at Falls Church.

The first days session of the Mount
Bethel Baptist Association WAS held yestef
day at Inc Third Baptist Church, rams
Church, Va, seyenty-three delegates being
present.
The Introductory sermon was deiivered
by Rev. w. H. johnson, of the Metropolitan
Baptist Church, of this city. lie spoke
upon the srhIect, THE True Teacher,
and said that unless truth be instilled
within The minds of his hearers they
could moi hope TO accomplish the true
and notle principles of the grand old
denomination.
The following officers were elected for
the ensuing year: Moderator Rev w. H.
Hiekerson; Virginia; vice moderator, w t,
Brooks, Washington, ID. C., clerk, R. B.,
Page, Oak Grove. V a, and treasurer, b.
Burmray, Matthias Point, Va.
The address OF welcome was delivered
by Rev. J. H. Lindsay, and respondedto by
Rev. A. w. Willbanks.
The doctunal sermon was preached by
Rev. A. w. Winbanks. He took his text
from Matthew iii, L, and discoursed on
"The Great Baptist Preacher
The convention will adjourn tonight.
The times., 1897-08-26

Chicago, Aug. 25.-There was good
deal steadier tone TO the wheat market
this morning, with much less apprehen-
sion of further decline than prevailed
at yesterdays close. Liverpool opened off
3 O., but the loss was recovered Business
was smaller than it has been for the last
ten days, many prominent traders being
out OF the market. The supply and de-
mand situation again came to the front;
foreigners were liberal buyers, both of
ash wheat and options. Minneapolis re-
ported that, even with favorable weather.
there is likely to be no accumulation,
either there or at Duluth, during the
The times., 1897-08-26
Bids to Fill Ellis island Flats.

The Treasury Department viii soon ad-
vertise for bids to fill in about three acres
of flats around Ellis Island, New York
harbor, and as soon as that work is done
the erection OF the new immigrant station
wiz be commenced. Architect Smith
meyer, who has the Work in charge, has
returned to this city TO consult with secre-
tary Gage as TO the design of tine build
ing, 1T is expected that plans will be
submitted by number of architects who
viii be asked to compete for design
The times., 1897-08-26
NEW YoRK's MOTOR CARS.
Supt. Mcfarland Favorably I'm
pressed With His Inspection.

pressed With His Inspection.
Superintendent McFarla nd, who was de
tailed by the engineer department. to make
an investigation of the working Of the
Boadley y-Knight air motor in New York,
has return ed, and yesterda made verbally
a partial report to Acting Engineer Com
missioner Black.
He said that he visited the LenoX ave
nue. road and found two cars running on
regular schedule time. They ran a dis
tance of five miles and We're practically the
same as the cars experimental with here.
He saw a number Of severe tests more
trying on the cars than even those made
here, and they were all uniformly success
full. On one occasion the motor easily
assembled a 12 per cent grade, beating
an underground electric car, which was
climbing the hil at the same time. Alto
gether, he was very wei pleased with the
cars performance.
Mir. Mcfarland win make written re-
port to Capt. Black when the latter returns
from his vacation on the first of next
month.
The times., 1897-08-26
COUNT MUTsu, OF JAPAN. DEAD.
Served His Country as Minister to
Washington in 1883.

Official information has been received at
the japanese legation that Count Mutsu, "a
former minister of foreign affairs for
Japan, is dead. He was the minister
from Japan to this country in 1888, aud
made many warm personal friends in
Washing gtnn.
Count Mutsu viii be greatly missed by
his government. He was one of the most
distinguished men in the recent history of
Japan, and was associated withthe Marquis
Ito in molding the policy of the modern
empire. The successful termination of the
war with China was very largely due to
his efforts.
In this country his progressive work was
very successful and he was the cause Of
Japan's absorbing every material ad-
vantage offered hy American civilization
and institutions.
The times., 1897-08-26
RAID ON A FARMHOUSE.
Masked Highwaynep Overpower In.
mates and Plunder the Premises.

Toledo, Ohio. Aug. 25.-Four masked
highwayInen W ent to the house of Villa m
Hamlin, of Oregon township, at midnight
last night and called for George Cherry,
farm hand employed by Hanllin. When
Cherry opened the door the men rushed
III, bound him hand and foot and thrust a
gag in his mouth. The men then rushed
upstairs, where they met William Ham
lin, who was aroused by The noise below.
Two Of the robbers beat Hamlin over the
head with their revolvers. He was tied up
in the same manner. Meanwhile the other
two robbers rushed into the room occupied
by d son of HaInlin, dragged him out of
bed and bound him hand and foot. The
men ransacked the house from top to bot
tom.
The times., 1897-08-26

Dow, Jones s. Co. say of Rock Island,
It's generally conceded in well-inrorIned
circles that Rock Island viii, the last
Of September, double its dividend rate.
being the first to increase returns to stock
holders as it was the first to reduce divi-
dends. Ii certainly viii be the first TO
advance the rate if the st. Paul directors
declare tire regular . per cent, as 1t is
now believed will be the case On SeptenI-
Der 8. Rhode Island earnings SO far dur
ing August are reported to have been ex-
ceedIugly good, the corner having been
turned on July 16, when the increase
began. The August returns, which should
be given out September 8, are expected
to be very pleasant reading for the stock
holders.
The times., 1897-08-26

The opinion ls strong that the downward
reaction in the price OF wheat will not go
much further. The fact cannot be gotten
over that large part OF the world viii need
all the wheat we can send away. There
may be enough wheat to go around, but
something like 400, 900 900 bushels is the
estimate made by competent authority
OF what will be needed OF US by outsiders.
The price should, under these circum-
stances, not be lower than S1.20 Mr..
Lindblom, Mr. Silsbys correspondent, Is
still OF the opinion that it VIII be wen 70
keep out of September wheat
The times., 1897-08-26
MISSING PAULINE BLISS.
a Report That the Child Has Been
Located in Montana.

II was ruinored yesterday that Pauline,
the missing daughter of Mrs. Bliss, had
been located in Montana with a brother
in-law of DR.. Bliss An effort was made
last night TO verify the runor, but without
success
A reporter for The Times called to sec
Mrs bliss last evening at the residence Of
her friend, Mrs. Byrnes, No. 415 Massa-
chusetts avenue, but she was too i'll to
discuss the subject. Mrs. Byrnes, however,
who is familiar with all the details of the
case, says If the missing child has been
found neither she nor Mrs. Bliss knows of it.
Mrs. Bliss sister, Mrs. West, arrived
from Rock Island yesterday and was with
her last night In speaking OF the matter
both she and Mrs Byrnes deny most
emphatically that Mrs Bliss ever was an
actress or was in any way connected with
the stage.
The times., 1897-08-26
THE NAVAL PENSION FUND.
Acting Judge Advocnte's Ruling APP
proved by Secretary Roosevelt.

Acting Judge AdvOcute's Ruling APP
proved by Secretary Roosevelt.
Theruling OF Acting Judge A dvocate Gen
eraI LauchheiFner, Of the Navy, that the act
of Congress of March 2, s95, empowering
the Commissioner of Pensions 10 raise all
pensions under Sc per month TO S6 month
does not apply 10 the Naval pension fund,
has been approved by Acting Secretary
tary Roosevelt.
The naval fund is exclusively for naval
officers and seamen who are injured after
ten years of service and is a gratuity above
the pension for the same disability ss-
cured from the general pension fund.
The act of March 2, 500, was passed be-
cause IT was believed that any act which
warranted pensioning at all was worthy
&C So compensation. Seamen get this in
addition TO tier naval pension, whica is
generally very small.
The times., 1897-08-26
FATAL FALL FROM a WHEEL.
Charles Holt AIights on His Head
Dnd Dies.

Louisville, KY, Aug. 25.-Charles Holt,
aged twenty-eight years, died today from
the effects OF a fall from a bicycle on
the Third avenue boulevard last night.
Holt was riding with several com
panions, when he suddenly pitched for
ward over the handlebars, alighting IN
his head ON the gravel road. He was
picked up unconscious and never spoke
aftprward Tie cause of the accident Is
a mystery, as the road is smooth and
level
This is the fourth fatal accident that
has occurred OH the boulevard within
the last two years, the most recent oc-
Cured last Sunday at the same place.
John Marshall fell from his wheel and
died three hours later.
The times., 1897-08-26
HONESTY USED A RAZOR.
Drunken Colored Man Started Ont
10 Find Trouble and Succeeded.

Drunken Colored Man Started Ont
10 Find Trouble and Succeeded.
Harry Honesty, a twenty-three-y -year-old
oo,ored boy, living at No / Jobnston's row,
got drunk yesterday and started up Vir-
gilia avenue in zig-zag manner. He had
not gone far when he met James Lee,
colcred man, aged about forty years, near
tie coraer OF Virginia avenue and Twenty
sixth street northwest Harry began quar-
reling witt Lee, and the latter, being not
overscrupulous in these matters, Joined in
the affair, and puinmeled Honesty severely
Harry then drew a razor and began tomake
slashes at his antagonist, cutting him once
on the thigh and twice across the abdomen
Lee was taken to his home on Twentyfifth
street near Nj.
Officer O'Brien arrested Honesty and had
him locked up at the Third precinct police
cation
The times., 1897-08-26
Saturday and Sunday excursions
to the Country.

The B. & O. R. R. has placed on sale
reduced rate excursion tickets, to be stt
every Saturday and Sunday during tue
summer season. valid for return until fol-
lowing Mon day, from Washington to points
on the Washin ton Branch as far as
Annapolis Junction and points on the Met
ropolitan Branch and main line as far
as Frederick and Challestown, w. Va
my25-tu,th till aa31
The times., 1897-08-26
Consul Warmers Departures

B. z. Warner, jr., consul to Leipsic, will
sail today for that city from Hobok.n
on tire Frederick the Crosse, North Ger,
man Lloyd line. He went to New York
yesterday accompanied by his father and
party of friends, who Will attend him
to the wharf today and bid him bon
voyage
The times., 1897-08-26
Rennrt on the Indiana.

Capt Taylor, Of the battieship Indiana,
has filed his official report concerning the
docking OF the vessel at Halifax. He
Bays tie condition of the Indiana was
found 10 be much better than had been
expected, and that after she was painted
the vessel was ready for sea.
The times., 1897-08-26
FINANCIAL.
CORSON & MCCARTNEY,

Members of the New YORK Stock Ex-
change, 1419 + ST., Glover Building.
Correspondents of MesSrs. Moore s. Sc0ley,
No. so Broadway,
Bankers and Dealers in Government bonda
Deposits. Exchange Loans.
Railroad Stocks and Bonds and all
securities listed on the exchanges of
New York, Philadelphia. Boston and Balti-
more bought and solu
speciality made OF investment securE
ties, District Bonds and all local Rail-
road, Gas. insurance and Telephone Stock
dealt in.
American Bell Telephone Stock bought
and sold. mhlS-R
The times., 1897-08-26

Chesapeake and Ohio is unquestionably
one OF the most promising oil the low priced
stocks. With Northern Pacific 1T IS looked
on by many as offering the best chance for
speculation on the board. The opinion is
advanced that 80 will be reached in the
next few weeks unless there is general
sharp decline IN the market
The times., 1897-08-26
SO To Niaga ra Falls and Re- $40
turn via PENNSYLVANIA Railroad.

Special train with parlor cars and day
coaches will leave Washington at 1880 d.
m, September 4. Tickets limited to ten
days and allow stoI,-oyer at Buffalo
Rochester, and Watkins returning. Ad-
ditional tours September 6 and October 2.
Au2l .23 ,25, II ,30,seI ,2e-- au22 "a ,26 ,29,
81 ,sei ,3m
The times., 1897-08-26

Western Union seems likely to have an
advance today and in the next TWO weeks.
1 am told that Clique intends to force
it up today two points more If the market
is at all favorable. Two weeks from now
the directors viii meet and declare a
dividend. 1t is said that the statement
will make the best showing for many
years.
The times., 1897-08-26

Keene's brokers took large blocks of New
York Central yesterday and 1t was strong
on their buying II seems to be well held
and a favurite with good buyers.
The times., 1897-08-26

December corn also seems to have touched
bcttom, anc the bull side looks the better
TO the people with whom have talked
The times., 1897-08-26
New York stock market.
Or. High. Low. Clos.

Corrected daily by w B. Hibbs & Co.,
Bankers and Brokers. Members of the
n. Y Stock Exchange, 1427 F street.
The times., 1897-08-26

Yesterday was not bull day In any
sense The chronic bulls tried to per
s,ade themselves that things were sat.
isfactory. rut when the day closed it
was with weak market after general
declines The end Of the boom is with
U.S." the bears say. They predict that
prices will not range higher. There Is
another class of market critics who take
the view that the end of the feverish
rush has come, but that prices viii go
higher in the next few months, neverthe-
less. There will be reactions such as
there were not any month ago, and the
rise will be slower, but the speculative
public is still convinced that prosperity IS
here aud viii carry prices up considerably
further before they learn that their pros
perfty is as one-sided as ever. 1t is
probable that the larger number of care
full observers of the market take this view.
The corollary of the situation is that
it will he we'll TO sell most stocks i'll
buIges as well as buying in slumps, If yen
care to make money. The grangers should
be particularly inviting to this character
Of trading in the next few days.
Yesterdays market was in the main
irregular. Further talk about the danger
to corn compelled decline in the morning.
Later on tie short covering and general
bearish uueasiness caused by the scarcity
OF stocks enforced general Improvement
In the last hour the market was again
weak.
1t is said thatthe annual repor t OF North
ern Pacific for the year ending June 80
will show surplus over reorganization
charges. 1t is expected thatin the current
fiscal year the preferred Will earn Al and
that dividends viii be begun on the pre-
ferred before the close of the year. The
earnings of the road for the second week
in August show decrease of Sc 900.
From j July / to August IA there was an
increase of $4,000. People wellinf0rmed
with regard to Nor thern Pacific are of the
opinion that the preferred is an excellent
purchase.
The earnings of st. Paul for the third
week in August increased $45,000, and
from July / the increase has been $315-
| 600. The net increase Of the Southern
Railway earnings for the month OF July
| Increased S4S 900.
| William A. Havemeyer says that there
| will soon be another fractional increase
| ia the price of sugar. Sugar was one OF
| the weakest stocks on the board yes
| terday 1t was up to 149, but down
| from that figure nearly three points al
one time. One tip out is to the effect
| that it will not be allowed to go below
| 145 land that buying il it reaches there
will be safe and profitable The prob
abilities seem To be that there Will be
| a rise at the opening today good for a
| point or more
Town Topics says: We believe Aneri
can Sugar Refining preferred the cheap
| est Of al the industrials on the list and
| we bull it, thinking it can only be |;
question Of a short time W hen this
specially win be selling in the neigh
borhoed Of $50. The American Sugar
Refining is earning not alone the PEE
cent that it pays upon the preferred
stock, hut from 20 to % per cent OF
| common stock.
The times., 1897-08-26

Several strong houses bought heavily of the
stock, and traders also bought. 1t looks
well.
The times., 1897-08-26
month OF September, and the same con-

month of September, and the same con-
dition is true in this market.
The corn market was more active than
wheat. rhe feature was what appeared
to be O continuance OF big liquidation
begun Saturday, and which was So con-
spicEous in yesterdays business. The
buying was general and the sales from
this source amounted TO somewhere In
the Deighboriood of 100000 bushels.
The weekly crop bulletins were unfavor-
able, and many private reports were OF
the same tenor in regard to the grow
lug crops, which, besides being back
ward in many sections, is being af-
fected by drought.
The times., 1897-08-26

Chicago Grain and Provision Market.
Corrected daily by w. B. Hibbs & Co.,
Bankers and Brokers. Members of tha
N. Y. Stock Exchange, 1927 street.