davidaulloa/AmericanStories huggingface dataset:
The times., 1898-12-21
A HOLIDAY STOCK MARKET.
London Receivers Its Position and Sell
Upward of 10000 shares.

London Receivers Its Position and Sells
Upward of 10000 Shares.
New York, Dec 2o-The usual features
of holiday stock market were present
in the days dealings on the stock ex-
change. Trading was in comparatively
small volume and the markets tone was
very uncertain.
London completely recovered its posi-
ton in this market, selling upward of
10000 shares of various stocks, or about
as much as was bought for foreign ac-
count yesterday. In addition to this cir
cumstance, the early cabled advices
showed weakness prevailing in the Lon
don market with American stocks partici-
pating in the decline. The weakness of
the London market was said to be chiefly
owing to financial disturbances at Glas-
gov. following upon the breakdown in
the heavy speculation at that point in
Scotch whistles. In the comparatively
limited market of the day this foreign
selling was more than ordinarily effec-
tive in the stocks in which IL was con-
Quoted and the foreign listed shares were
all heavy throughout the morning hours
Local speculative interest was almost
"Hoiiy tiisEosSeu Win lle ,fpWer-prlceu Is
sues, the speciafties and, the, industrial
shares. There were compare lively few
transactions in the granger shares and
other standard issues, but the dealings in
these cases reflected a tone of stubborn
strength. 1t did not appear. ab any rate
that the classical speculative policy OF
selling stocks on the eve of the Christmas
! holidays was carried out in that quarter
of the market, AS n matter of fact to-
days outside situation showed no changes
in any direction and no abatement in
those favorable features recently engaging
attention.
! In respect of strength and activity, tbs
| conspicuous features of the market were
| the Atchson shares and Central Pacific
The first named advanced sharply on re
| ports that a dividend would be declared
on the preferred stock tomorrow, and Cen
tral Pacific was very strong in anticipa
tion of a general adjustment of the com
pany's Indebtedness, made necessary b!
! the maturity of Government obligations
| Among the specialties Lake Erie ant
| Western. Minneapolis and St. Louis an,
| Colorado Fuel and Iron were also strong
| Sugar Refining and the Federal Stee
shares also advanced sharply on heav.
volume of business. The first named wa
decidedly erratic in the early dealings
but II later developed strength and ros
very rapidly.
In the last hour there was a slight fur
ry in the money market. the rates for cal
loans running up TO 4 per cent, but thi
circumstance was wholly without effec
upon the stock market. which made
general recovery In the final dealings.
The times., 1898-12-21
THE HAWAIIAN CABLE.
The Scrynser Concession May BE Nipped
in the Bud.

Unless Secretary Hay shall disapprove
for a cable to the Hawaiian Islands,
granting exclusive rights there for
period of twenty years, will become valid
and the way will be blocked for any COM
peting company for that length of time.
So declares Representative Corliss of
Michigan in letter to the Secretary of
State, in which he begs him to formally
disapprove the concession while there is
yet time. MIR. Scrymser anticipated the
annexation of Hawaii said Mr.. Corliss
yesterday, land went to the islands in
June last where he obtained from the
Dole government a concession granting
him the exclusive right for twenty years
to land cables there. IL was provided,
however. that this concession should be
come null and void if the Secretary of
State of this Government should formal
" disapprove of it before the beginning
of the new year. Less than two weeks
of the time allowed now remains
Mr. Corliss continuing, said: There
are bills pending In both the Senate
and House granting subsidies TO the
Pacific Gable Company. The House
bill grants $4,000 year for twenty
years. 100000 in all, sum which
Mr. Scrymser himself testified be-
fore the Commerce Committee of the
House would pay the entire cost of
constructing and laying the cable from
San Francisco to Hawaii. Mr.. Scrymser
is now in Japan trying to obtain sub
sidy that will pay the cost of laying it
from Hawaii to Japan, so that if he sue
ceeds there as he has here, he will have
the entire cost of his cable paid him and
will only have to take the profits.
II objected 10 this bill in the committee
The times., 1898-12-21
cHEsAPEAKE BEACH ROAD.
VIII BE Completed to the Coast in the
Spring.


Spring.
The Chesapeake Beach Railway is now
running its trains to Upper Marlborough,
somewhat over half the way TO Chesa-
peake Beach. Two trains run daily. The
remainder of the road is all graded and
the only bridge necessary on the line
over the Patuxent River is completed.
1t was stated at the office of the road
yesterday that the entire line viii be
completed before the end of February,
and that the road will be fully equipped
for the Summer excursion business before
the opening OF the season.
The improvements of the company at
the beach are nearing completion. A
great pavilion overlooking the bay is
completed and the first hotel viii prob
ably be built before the season opens.
The amusement privileges are all let,
and II Is understood that Coney ISL
and on small scale will be running In
full blast during the season. race
course will be another of the attractions.
1t is said to be probable that there will
be through transportation by way OF the
Chesapeake Beach road to Ocean City
this Summer also. A proposition mas
peen made to the company to run a
steamboat line across the bay to connect
with the railroad across the Eastern
Shore peninsula. The supposition is that
Ocean City can be reached from Wash
ington in this way in little over three
hours g Vi
The times., 1898-12-21
OLD SAWS.
Old Proverbs Don't Always
Hold Good.

-"Old saws are sometimes broken. = A
man convinced against his will is of his
own opinion STILL / have seen that
badly smashed a friend came in to see
me some time ago while / was I'm bed
with nervous prostration.
The physician had strictly forbidden me
to use coffee, and l had tried little
Postum Cereal Food Coffee, but the sway
ii was served, 1t tasted so flat-,tha /
broke the rules of the doctor and occas-
ionally drank a cup of coffee, although
each time | suffered for it, During her
conversation she asked me why ] didn't
try Postum. oh" i said, Il have tried
that, but it's no use, l can't drink it."
She laughed out loud and said, ..Why,
my dear you have been imposed upon.
If you once have Postum made right
you will be in love with it from that time
on" / listened to her with little interest
and much incredulity, but she kept on in
sisting
Shortly after, when I recovered a little
l was visiting friends house, who asked
me If / would like a cup of Postum, and
when it was served, it tasted no better
than mine had, so you see | had ap-
parently, a most thorough experience
with the taste of Postum, and / knew its
taste to be decidedly fiat and insipid.
However, l found for the good of my
health, / must drink II, and SO when
got home and was little stronger, l de-
termned to see if it could not be made
to taste better. / looked at the package
carefully and found that the directions
were very plain, that the Postum must
be allowed actual boiling of at least ff-
teen minutes. I put it ON in cold water.
1t took about fifteen minutes before il
commenced to boil, then l allowed II to
bubble and boil fifteen minutes moro,
and after 1t had settled, 1 poured out a
cup which certainly was as rich dark
brown cup of coffee as | ever saw in my
life, and when cream and suger We're ad-
ded, l was amazed at the taste. "Eu-
reka," ! had found what wanted From
that time on YOU can imagine / knew
to a certainty when it was served at the
table, whether Postum had been boiled
long enough or not There is as much
difference as between night and day. Pos
tum underboiled is fiat, and boiled as il
should be. is one of the most delicious
beverages a woman ever tasted. 1t is
strange that people try and try again
and make Postum in so slovenIy a man
ner that they fail to get the delicious
flavor from 1t. l. of course, have no temp
tation to go back to common coffee, fol
have the finest coffee twice day, ant
find 1t safe, pleasant, healthful, an,
strengthening to the nerves.
Mrs. M. e. Love, Whitinsville, Mass.
The times., 1898-12-21


though I did not then understand how
outrageous 1t was. Recently learning OF
the Dole provision / went to Secretary
Hay and requested him to save the ISL
ands from the grip of this monopoly
Further to prevent his forgetting it,
sent him a letter on the subject and
today l introduced in the House a bill
authorizing the President to build a cable
capable of sending fifteen words a minute
and to operate 1t at a price not to ex-
ceed 81 word as part of the postal sys-
TEN of the country.
II feel confident that the Secretary will
disapprove the concession. He cannot do
otherwise The monopoly was granted
before Dewey's victory changed the state
of affairs in the Pacific, and the power
of honestly multiplying it should not be
allowed to pass irrevocably. We. cannot
afford to give any corporation exclusive
control over all Pacific cables and that Is
what II amounts to-"
The times., 1898-12-21
ARMY BILL COMPLETED
The COrbin Idea Prevails in
the Committee.
GEN. MILES'S PLAN IGNORED
The Measure To BE Taken Up January 3
VIII Be Minority Well AS Majority
Report-Representat Hay VIII In
troduce a Substitute-The House Bill
to BE Antagonized by Many Members.

The army reorganization bill will be
taken up In the House on January 9.
Fourteen hours on each side will BE- al
lowed for debate, the time TO BE- con-
trolled by Chairman Hull and Represen-
tative Sulzer. the latter the ranking
Democratic member of the committee.
This was the agreement reached yoster-
day afternoon by the House Committee
on Military Affairs. after completing is
consideration of the bill. II was further
decided that the bill should be reported
at once. and that five days should be al
lowed for the preparation OF majority and
minority reports.
Representative Hay of Virginia has
been instructed to prepare the minority
report. and it is understood that he will
also introduce a substitute bin providing
FOR regular army of $1,000 men and
volunteer army of 5000 for service
abroad.
The latter is the exact number of men
that Gen. Miles said would be needed in
the colonies. They will be enlisted for
one year, or such time as they may be
needed. OF the regulars. 12,G00 viii be ar
ullery. Mr. Hay believing this number
adequate to caring for the coast de-
fenses.
Mr.. Sulzer will join in the minority re-
port. but will also offer an independent
bill. providing for the continuance of the
e2-000 now constituting the regular army
and fol- the enlistment of y, ,001 volunteer rs
for service abroad. under the same terms
as those provided for by Mr.. Hay.
The bill reported by tine majority of the
committee is practically that prepared by
the adjutant general aEo introduced by
Mr.. Hull. Some minor changes have b=en
made increasing the pay of engineer and
ordnance departments. the recommended
lions of whose heads had been cut down
by Gen. Corbin. and certain other sman
changes have been made, mostly verbal
ones.
No concession has been made TO the
opinions of Gen. Miles. the commanding
general of the army, who wished the size
of the army to be established by ratio
that would always give the country one
soldier TO every 1909 inhabitants in the
United States and one to every 1000 in
the colonies. This gives 1900 at home
and 25,G0o abroad, instead of the 100 900
called for by the Hull bill.
There is no doubt that the bill as re-
ported will meet with violent opposition
in the House, and will be antagonized in
conference by the Miles bill, which is
pending in the Senate and known there as
the Hawley bill. The House Democrats
especially object to authorizing an army
of 100,0e0 men when Gen. Miles thinks that
1900 is sufficient.
There is little doubt. however, that the
Hull bin will pass the House.
The times., 1898-12-21
FIRE IN GARFIELD HOSPITAL
An Explosion of Chemicals Causes Dam
ages to the Pharmacy.

An explosion OF chemicals in the phar-
macy of Garfield Hospital at 2:2o o'clock
yesterday afternoon caused a blaze which
did damage to the extent of about $500.
equally distributed between the pharmacy
and the chemicals.
An alarm of fire was sent in from box
No. 2sl, but before the engines arrived the
small blaze was under control. The ex-
prosion, which was slight, is said to have
been caused by spontaneous combustion.
There was no apprehension felt for the
safety of patients. the majority of whom
knew nothing of the occurrence. The
damage will be repaired at once.
The times., 1898-12-21

The market was very irregular yester-
day, but probably the majority OF stocks
moved upward. On the whole, it cannot
be said that there was much encourage
ment In the days business to those who
have hoped for an immediate recession
OF some moment. There was selling of
long stocks, In some cases very heavily,
both for domestic and foreign account,
but there was also good buying for the
cliques and the public.
The times., 1898-12-21
WHEAT A TR1FLE LOWER.
Large Increase In the Worlds Visible Sup
ply, Mostly American.

: Chicago. Dec. 2o.-wheat closed about
1-2 under Monday. There was not so much
trade.
Liverpool was 1-sas-4d lower. st. Louis
and New York, leaders in the buying of
late, were sellers today.
There was very large increase in the
worlds visible, but the increase was al
The times., 1898-12-21

The dining car service on both of the
Southern Railways through trains. leav
ing Washington HIS a. m. and lO:45 p.
m. daily, facilitates the movement OF
through travel to the South and South
west The only complete and first-class
dining car service South. de14-wed-tf
The times., 1898-12-21

most entirely on this side and the result
of Mondays figure The Argentine news
was conflicting. the seaboard people who
are selling wheat pronouncing the Argen-
tine weather improved.
Western receipts showed the ustial fail-
ing off incident to the holiday season. The
West and Northwest is having thaw
and receipts are likely to become smaller.
The times., 1898-12-21

There is some talk that the prospects
of the Columbia road should make the
stock of the company good purchase al
present prices. Ii is urged that whi e the
territory through which the extension of
the road Is to run. east of the Eastern
Branch. is not now ana perhaps never
will be so fine a field as the northwest.
There Is. nevertheless, a good prospec;
that II will be paying extension in the
near future. The seeming large proba-
bility that the Chesapeake Beach road
will be running this Summer is also men
toned in this connection. The stock of
the Columbia road is not in the market
10 any extent, however.
The times., 1898-12-21

The directors of Atchison Till meet
today to consider the dividend on the
preferred stock, and / per cent is gssrer-
ally expected although there was some
talk yesterday of a higher rate. In the
last hour yesterday there was heavy buy
ing of the Atchison stocks by Flower
and others. The preferred stock went to
81 and the common TO 10 l-2 and the close
was fractionally below these figures.
The times., 1898-12-21
w.,h,nrton s,oc,. Exchange

Sales-washineton Gas. 25a5o l-2. Lam
ston Monotype. locdl5 l-2. American
Graphophone, i6diS is. American Graph
ophone.. pfd., 2.a1A Pneumatic Gun Car
riage. 5Od22 cts.
The times., 1898-12-21

: 1t was noticeable that the buying in
Atchison seemed TO quicken the Federal
Steel securities which are the favorites
with the same group of operators. The
common stock went to 40 SIS and the pre-
ferred to so. The iron and steel business
and the outlook for the immediate future
continues 10 be of the most attractive
character.
The times., 1898-12-21

MONEY TO LOAN at and 1-2 per cent in SUNS
OF 81, 600 20 $4,000 on d. c. real estate; pay
of and per cent mortgages and begin anew;
all transac' -Sss conducted with economical con-
sideration for borrowers. WM- II. SAUNDERS q
CO., li07 ST. se24-tf-eu
The times., 1898-12-21


with the same group of operators. The
common stock went to 10 SIS and the pre-
ferred to so. The iron and steel business
and the outlook for the immediate future
continues TO be of the most attractive
character.
The comment on the street yesterday
over the suggestion that New York Gen.
Z trail may absorb Northwest and Union
Pacific was various. The story, however
evidently had its influence in pushing the
stock of all these roads up sharply. The
one technical objection made against the
plan is that it is not contemplated in and
would be somewhat in opposition to the
terms of the mortgage under which Lake
Shore and Michigan Central were taken
in. This, of course. however, need not
be an insuperable obstacle.
Central Pacific was very strong yes
terday, and the feature of the day. II ad-
vanced steadily to about the level of
Union Pacific. This strength is due, of
course, to the probability that the read
justment of the company will soon be
accomplished as heretofore stated in this
column. 1t is understood that no plan
for the reorganization has yet been
matured, although the general lines on
which 1t will be made are, decided on.
What these lines are is not known to the
public. There is a difference of opinion
as to whether an assessment on the stock
of the company will be necessary. One
statement made yesterday was that the
amount of the Indebtedness to the Gov
| ernment, something like so, 000, 009 cannot
be paid, even with liberal bond issue
| without an assessment. 1t is certain
! however, that the company is now earn
| ing enough money to show a good sur.
| plus each quarter after reorganization.
The Chicago and Alton is "a very hare
road for the market gossipers to dispos,
| of. One of the news bureaus yesterday
came out with the news, "on official au
thority," that the Union Pacific .'has no
bought and has no intention of buying
| Alton Union Pacific Is the fourth roat
that has almost owned, the Alton in tn,
last two months-according to the talent
only TO lose 1t thus finally. 1t is still be
lieved, despite this last denial, that ther,
is good prospect of some combination
between the two lines. L II
| Sugar. in its erratic and characteristic
way, had large advance yesterday o
five points to l25 o-S. There was no ques
The times., 1898-12-21
New York stock Mar,,et.

Corrected daily by W. B. Hibbs Co..
members of the New York Exchange.
1919 Street
The times., 1898-12-21

The suggestion made in certain quar-
ters a day or t,so ago that the strehi Tn
in Metropolitan ftailroad is due TO the
probability of consolidation with the
Great Falls roads must be dismissed as
groundless. AS stated in The Times yes
terday President Clark, Of the latter
road, denies emphatiealiy that there have
been any negotiations between the two
lines for the purchase OF either by the
other. The strength OF Metropolitan still
remains mystery
The times., 1898-12-21

The transactions, ON the local stock ex-
change yesterday We're not of 50 much
interest as on most days recently WASH
ington Gas was sold for 80 IL Lanston at
Is IL, Graphophone and GraphopnoAe
preferred at BIS and Il. respectively,
and Pneumatic Gun at 32 cents.
The times., 1898-12-21

Southern Railway was fairly strong yes
terday on-the excellent statement of the
earnings Of the company for the second
week of December. The preferred ad-
vanced to 43 during the day and closed
at II IL. There was an increase of $S7,VOo
in the earnings for the week and an in
crease of 1.372.Sl2 since July l. The sug-
gestion that there may not be dividend
declared on Southern preferred In Janu-
ary, but that 1t will be deferred probably
until Spring, seemed to have no influence
on the stock.
The times., 1898-12-21

tion as to the inside manipulation of this
movement. It may not be predicted with
any certainty how much further. II any,
the advance is TO go. Refined Sugar was
sold one-sixteenth of cent cheaper by
the independent refineries yesterday at
51-16 cents pound. II could not be
learned If the trust had also cut its price.
but the supposition is that 1t will do SO
today.
The times., 1898-12-21

Loans made on furniture, pianos,
ETC., without publicity or removal,
and the day you ask for it. We have
an equitable payment plan which
greatly reduces the cost Of carrying
the loan, and we will give you
years time IL you want it to pay
the same We will as cheerfully make
.ou a SO loan as 500. and no charge
or expense il loan IS not made. Bust
ness strictly confidential. Please call
and convince yourself that our rates
are the lowest
The times., 1898-12-21

The earnings OF Texas Pacific for the
second week of December decreased sl6,-
coo; for the year TO date, they Increased
S3S2s00. There was a decrease OF tae
earnings of Missouri. Kansas ana Texas
for the second week of $4,000. The earn
irgs of Central OF Georgia show de-
crease of 1851 FOR the second week The
increase since July i has been SllIOO9.
The earnings Oh Oregon Navigation for
the second week show a decrease OF $40 {.
COO; since July increase OF s2S3, SOD fo-t
Worth and Rio Grande. second week de-
crease, 1859; since July !. increase
sS9. 1SI. ~
The times., 1898-12-21

The Denver and Rio Grande dividend is
likely to be increased at the meeting oil
the directors tomorrow.
The times., 1898-12-21

There was some buying in Chicago and
Great Western yesterday. and the price OF
the cheapest OF the grangers was ad-
vanced fractionaliy. II Is hinted that a
movement of good proportions Is hkeiy
in the stock within short time IL Is
understood that foreign investors may
take the stock up under the persuasive IN
fuence of one OF the finest of New YORK
giant railroad promoters.