davidaulloa/AmericanStories huggingface dataset:
The times., 1898-12-08
THE WHEAT MARKET.
A Decidedly Weak start with nm
Improved Cash Condition

Decidedly Weak Start With nm
Improved Cash Condition.
Chicago, Dec. 7-Liverpool was weak
on wheat. off 3-4 to 11-sd. 1t had a very
large estimate on British crops. 1900 0 O
wheat against 100000 bushels in 1897.
The continental markets were all easier.
There was a decidedly weak start here.
December was weak in every market
1-2c discount at one time. and almost
that at the close. There was some re-
coyery from the low point of the FORE
noon. After showing a loss of l-2 to lc
from Tuesday, the close was 1-4G5-Sc un-
der, about half of the decline recover d.
There was considerable Improvement
in the cash position here and at least To-
Oo0 bushels sold, all rail. to the seaboard.
Argentine crop advices were confiiat e.
In the last half hour wheat sympathized
with the coarse grains. 20 e
Chicago (aralu and u -, - ~sn,, as..p..
The times., 1898-12-08

ization of $4,000 600. all in one issue of
stock. It will be seen that 2 per cent
yearly dividends on this stock is only
$500. 900. and 8 per cent only s600.00o. The
latter rate OF dividend would be searned
over charges If the monthly gross. earn
ings were $ss6, 900. During the last six
months the gross has averaged sornewhat
over 100000. or actually at the rate Of
per cent or more.
The times., 1898-12-08

The coalers retained their advance
yesterday, but did not go higher. The
movement on Tuesday was quio}papd soon
over. There is reason TO believe, however,
that the position of the coal roads Will be
better rather than worse as the season
advances. There is undoubtedly some kind
of an agreement between the roads, and 1t
is believed that 1t will resul1ln advanced
prices and a continuance of ttheqL THE
talk Is Of 50-cent rise in the price dfeoal
1t is said to be probable also that the soft
coa!ers will come Into line on the agree
ment in some way. a.
The times., 1898-12-08
Loans Of S10 :; ,,s; !; ;;:i;; &C., T.

Wagons, etc.. at loves, rates and on the day
you apply. We loaning on the Building /
Loan association plan, which makes the cost OF
carrying loans much less than you pay else
where, and allows you TO pay it off in any sized
notes you oesir-. running from to twelve
months You only pay for the use oi money for
the length of time you carry it. II you have \
loan with some other company we will pay Il
of and advance you more money IL desired Rates
cheerfuly given, and cost TO you unless loan
is made. Loans made anywhere in the District
Gail and get rates. Front eoom, first floor. Scien-
tihc American Building.
National Mortgage Loan Co.
ez5 F St. N. ".
The times., 1898-12-08

ton: 75asoss. 2Oass7s. 2odssg. eoassts. 2o9
Ssi.. 2sdSsss. 20d90; Wash. Gas: 25d5o}. 1so
d50: Mergenthaler Linotype: 2OGls31a. 100
1881. i0ll93is; American Graphophone: SO
aI3; American Graphophone. preferred:
100G14
The times., 1898-12-08
in The dullness which enveloped the gen

The industrials were only moaara,a,,,
active, Sugar Refining and Federal Steel
oeing most largely dealt in Both were
him- Brooklyn Rapid Transit advanced
smartly In the later dealings. without anv
particular explanation attending its
course In the final dealings there was
rather noteworthy increase in animation
ana better diversifcation of speculative
interest. The close was active and firm.
The times., 1898-12-08

Graphophone is little weak. Both the
common stock and the preferred are SELL
ing at a lower price than that of TWO
weeks ago.
The times., 1898-12-08

Warrington stock Exchange.
Sales-West End National Bank: 10@92;
Riggs Fire Insurance: 2OOd7%: Lincoln
Fire Insurance: 1ooalO.s; Capital Trac-
The times., 1898-12-08

There were again yesterday big buyers
for Gas at SO. 1t is understood that in
vestment stock from New York supplied
the market The talk of Gas deal is still
in evidence.
The times., 1898-12-08
Nc drap d'ete, ~.

As a special holiday value we offer
q lot of so pieces of extra fine soft fin.
ish high lustrous quality of colored
and black Drap d Etc. in such shades
as light blue, pink. gray. cream, car
dinal, navy, cadet. golden, garnet.
seal. hunters green. plum, black. etc.
which was intended to sell at 4sc a
yard for 29c yard
The times., 1898-12-08

Big Four and Chesapeake and Ohio were
both strong yesterday on the continuance
of rumors that there Is to be some kind
of combination Another reason for the
strength of the latter is the large proba-
biiity that some dividend will be paid
this month.
The times., 1898-12-08

New York stock Market,
Corrected daily by W. B. HIbbs q co
members of the New York Excban,s
1913 F Street.
The times., 1898-12-08
BANK STATEMENTS.

REPORT OF THE CONDITION
OF the
AMERICAN SECURITY AND TRUST COMPANY.
At Washington, in the District Of Columbia, at
the close of business, December ], 1893.
The times., 1898-12-08

Consolidated Gas had one of its big
spurts yesterday. from 1888 to ls2 1-2. The
close was at 1sl 1-2. There was more talk
of one large company to control all the
electric and gas concerns of Greater New
York.
The times., 1898-12-08

The entire market was taken up with
the cheap specialties yesterday, the usual
popular stocks having been neglected al
most entirely. The range of business was
very narrow, the movement in the gen.
eral list hardly averaging a quarter be-
tween the opening and the close Such
a condition is most discouraging to the
people who believed there was to be a
continuance of the upward movement
The indications are strong that activity
is over for the present, unless there is
some unforeseen occurrence. After New
Years 1t may be resumed. either down or
up. Meanwhile there may be a continu-
ance of the rise In some of the specialties
like Pacific Mail. Louisville, the Southern
securities. Norfolk preferred. and possibly
the Pacific stocks. Even the interest in
these may be overworked in short time,
however
The times., 1898-12-08

Pacific Mail has had the record rise of
the recent movement It's advance in
three weeks has now been over 10 points.
Yesterday 4s Ia was reached on the last
trade In the stock. the highest OF the
day. The advance of point was almost
without setback during the day The
monthly expense requirement of this COM
pany is about ses6.oo There is capital
The times., 1898-12-08
BANK STATEMENTS.

REPORT OF THE CONDITION
OF the
CITIZENS NATIONAL BANK OF WASHINGTON
CITY
At Washington. in the District Of Columbia al
the eiose of business December l. ls9s
The times., 1898-12-08

From the look of the market yesterday
1t seems probable that the advance in the
price of Capital Traction is at an end
for the time being. The advance of the
stock has been very rapid during the last
month. and the company is very much
pleased with the rise. which is undoubted-
ly based on the merits of the road.
The times., 1898-12-08

Nearly thousand shares of stock were
traded in on the local stock exchange yes
terday. representing nearly $4,000 in
amount. 1t is the universal comment that
the business of the exchange was never
better. The stocks traded in are the
stocks of the active business companies
of the District, and the showing is most
gratifying to the people who have been
predicting a revival of business activity
in Washington.
The times., 1898-12-08
SC silks, sc.

Another holiday hint-fraught with
special saving well nigh irresistible
Extra heavy quality corded black bro
caded gros grain silk, in medium and
large designs-richest sJeffects-and
worth 5sc yard-which We offer at
39c yard.
The times., 1898-12-08

Norfolk and Western preferred had its
squirt yesterday. advancing three points
and closing strong at or near the high
point of the day. Compared with other
stocks that pay the same dividends it
would seem that this stock should sell at
20 at the least The advance in the stock
was predicted in this column week ago
The times., 1898-12-08

The time for the dividend action on
Northern Pacific is approaching. II is
reasonably certain that at the meeting on
December II a dividend of l per cent will
be declared on the common stock This is
of more real importance than the gossip
which cannot be proved. that the differ
ences between Mr.. Hill and Mr.. Morgan
have been adjusted satisfactorily. The Pa
cifics were fairly strong yesterday. keep
ing up the opening prices. 1t is said that
Mr.. Morgan is buying the Pacific issues.
The times., 1898-12-08

Chicago Grain and Provision Market
Corrected daily by wsB. Hibbs & Co.
The times., 1898-12-08

1t is understood that President Spencer,
of the Southern, will have no trouble In
arranging for continuance of the lease
of the Cincinnati Southern. He has Sc
cured the control of the Cincinnati, New
Orleans and Texas, which leases the Gin
cinnau road. 1t is In the hands of re-
ceiver, but 1t is understood that Mr..
Spencer yesterday made all the arrange
ments for the lifting OF the, receivership.
There is said to be no doubt now that
per cent dividend Will be paid on the pre-
ferred stock OF the Southern in a short
time, and il is generally believed that this
will be considered a semi-annual rate.
There is no inside selling in the Southern
securities. and the commission buying
continues. though in lesser volume than a
week ago. Little business was done in the
stocks yesterday and the closing quota
tions were virtually at the opening.
The times., 1898-12-08

The position of such men as ]. Pierpont
Morgan and Coils p. Huntington In a
market like this is very interesting. and
may usually be considered as a very good
guide If one really knows exactly where
they stand and not where they seem to
stand. Such guide as this during the
last two weeks would have pointed to Pa
cific Mail and Central Pacific. the Read
ings, Big -Four. Chesapeake and Ohio, and
the Southerns as good purchases. Mr..
Huntington and his friends have undoubt-
ediy been buying the first two stocks. and
Mr.. Morgan's brokers are believed to
have been buying the others. And all
these stocks have advanced. In fact. they
have been almost the onl: ones that have.
The times., 1898-12-08

HONEY TO LOAN at 1 and 4 l-2 per cent In sums
Of $1,000 10 $1,000 on d. G. real estate; psy
on End per cent mortgages and begin anew:
ali transactions conducted with economical eoa-
alteration for borrowers. wM. H. SAUNDERS D
CO.. hc' St av- ss2atf-tn
The times., 1898-12-08

J, -GEURGE H. B. WHITE, cashier Of The
above named bank, do solemnly swear that the
above statement is true to the hest of nv knowI-
edge and belief. GEO II. B. WHITE. Cashier.
Subscribed and sworn to before me this 9Th
day of December 1895
ALFRED b. BRIGGS Notary Public.
Correct-Attest:
f. SoUTHARD PARKER.
s. W. WOODWARD,
H. X. WILLARD -
J. b. WINER
W. H. MOSES,
W. B. GURLEY,
JOHN TAYLOR ARMS
JOHN B. LARNER,
1t Directors
The times., 1898-12-08

The annual meeting of the stockholders
of Atchison will be held today at Topeka.
The officers will all be reelected. There
Will not be quorum of the directors
present, and 1t is not thought that the or
ganization meeting will take place This
will come In a short time In New York.
The times., 1898-12-08

Mr. Wood of the Arm of Bowers &
Wood. is believer in much higher prices
for May wheat. He believes that the de-
cline has nearly If not quite reached its
limit. He suggests that the Northwest
receipts were not so heavy yesterday.
while seaboard clearances were again
very large. ia
The times., 1898-12-08
I.IxcnI.N -TIrInNu n4rr

REPORT OF THE CONDITION
Of The
| NATIONAL METROPOLITAN BANK
At Washington, ID. c. at the close OF business
December /, lses
The times., 1898-12-08
Sc dress goods, ISc.

Make the gift coiored dress pat
tern. And do the buying now when
we ofEer double width plaid dress
goods. In the most beautiful two and
three-toned combipations-heavy black
crepon check effects-the regular Csc
sort-for 15c yard.
The times., 1898-12-08

Office Hours--sso a. m. to s D. m.. Washing.
ton, D. @.
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-05-29
THE PHILIPPINE REVENUES

To collect revenues in the Philippines
for ard on behalf of the United States
treasury is nothing new, and it should not
excite the hostility of neutral foreign ma
tons. Their rights remain as they were
under the local Spanish government.
Collections will be made under existing
Spanish laws, the only difference being
in the destiny of the moneys received.
1t has been a uniformly recognized prin-
ciple that the conqueror shall respec,
the existing laws so long as the coun-
try is held merely by the tenure of con-
quest, except so far as they conflict with
the preservation of the conqueror's DOM
nation. Citizens Of neutral nations will
pay duties as they would have done had
the Spanish power not been dispossessed,
and taxes will be collected under exist
ing local laws. The Philippines will not
be required to pay any more taxes than
are imposed by the Spanish laws in fore:
in the islands. The constitution and laws
of the United States will not be extended
to them until the country is finally trans
ferred to us, or if Spain should refuse to
transfer, until congress assumes civil
jurisdiction and enacts appropriate laws
for enforcing it. Military jurisdiction
results from conquest-and enforcement
of it is a right of war.
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-05-29
NO WONDER

The owners of two leading American
journals have for many years lived il
Paris. A wealthy American publishes
an old and influential journal in London.
An -Americanized European polti-
clan edits the leading pictorial publica
ton of a leading American monthly is
almost as large in England as at home.
A noted London journalist and litterateur
brings out his periodical simultaneously
for the Anne rican issue the editorial COM
ment and history of current events in the
United States. The "modsl'' daily jour
nal in America is strikingly proEuro
it's political policy. Its editor is now
abroad interpreting American senti
ment, about which he knows nothing, 10
people who never could compre bend il.
The president of one of our greatest rail-
way systems, who has for years
nursed aspirations for the presidency OF
The republic, is also on the continent
Convinced, before his departure, that the
war with Spain is causeless and wicked,
he doubtless considers himself well
equipped for voicing public sentiment
in the haunts of snobbery on the other
side. In every European capital is
more or less numerous american col
ony." the long residence abroad of its
members having the inevitable influence
upon its views and convictions A
steady stream of American pilgrims,
more pursey thar patriotic, constantly
surges back and forth between the popu-
lous centers, rejecting American sentl-
ment. A coterie of American capitalists
is closely allied with the banking inter
ests of London, Paris, Berlin and Am
sterdam, and is just now loaded down
with Spanish Az, grief and woe. A So
ciety styling itself THE Universal Peace
Union" having headquarters within the
sacred precincts of Indeps nderce Hall,
Philadelphia--dear to patriotic memory
has just adopted series of character
stic resolutions, deprecating the, war as
causeless and needless and wicked, and
has formulated memorial to the queen
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-05-29
SOME OF THE ADVANTAGES

In a communication published else
where Mr.. A. c. Balch presents argu-
ments in favor Of the proposed change
in the plan Of municipal electric light
ing. Los Angeles has certainly outgrown
the old-time moonlight schedule. and
proposition for all-night illumination
every night in the year has attractive
features.
Mr.. Bach says that for the money now
paid for 400 lights, the city can have
$50 lights under the new system. This
also looks like great advantage, but
the difference in diffusion IS well as inten-
sity must be taken into consideration. A
light on a tall mast will dffuse its rays
over a much larger territory than two or
three or perhaps half doz.n lights near
er the ground. But those nearer the
ground will give more intense light on
the area covered. These are matterds
which should be decided by experts in
order to ascertain the comparative merits
however, that the mast system isN going
out of use in the most progressive cities.
AS The Herald has already pointed out,
the question of the citys owning its own
distributing system is one that should be
carefully weighed. If the city can ac-
quire a system of its own and operate 1t,
purchasing current from any one of three
or four competitive bidders who may be
in the market, the expenses could un-
doubtedly be scaled down, and the city
would be in a much more commanding
position as regards the service rendered.
Public ownership of public utilities is
sure to come along some day. Whether
the time has arrived for the municipal
ownership of an electric lighting plant
is a question that should be decided by
the city fathers with an eye single to the
public good.
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-05-29
A TOTTERING TEMPLE

To the average New England protected
manufacturer the pending revenue meas
ure has more of terror than the war itself
though, with field glass in hand, he Is
still scanning the ocean horizon for hos
tile vessels that never come. The an
cient and honorable Hartford Couranl.
which for hundred and forty years has
more or less fairly reflected undefiled
Yankee sentiment, is alarmed lest III
shall pay so well that it will become tbs
revenue law of the country. and, instead
of the exigency measure it purports to
be, it will stand for all time, and there
would need to be no protective tariffs. y
This is absurd. The inquisitorial fea-
lures of the Democratic substitute for
the house revenue bill are as obnoxious
to the people of the west as to those Of
the east, and could be tolerated only as a
war measure-only as temporary eX-
pedient, to tide over the present treasury
exigency, and to avoid further increase
in the Understanding debt of the ma
ton. The revenue stamp tax feature of
the bill, which the Courant mathematics
with so much of Yankee virility, can be
justified upon no other ground, and we
may rest assured it will not long survive
the return of peace.
The fear that some better method for
raising revenue than the illogical and
unphilosophical protective tariff may be
/ I, &c vi, a,,f,f1a
is certainly suggestive. 1t is confess
sion that better methods might not be'so
difficult to discover. But system that
would survive successive political revo-
lutions in this country, and stand for all
time" must be based upon merit so strik-
ing ard unmistakable as to satisfy, and
continue to satisfy the judgment of a
majority of the American people. Such
a system is not likely to be the product Of
war period, when the procurement of
money is the main object, and when j
discriminating regard for the equities
cannot be had
That the United States will much
longer adhere to the present unscientific
and absurd system is rot conceivable.
The conspicuous failure of the Dingley
law doomed the system before the war
began. The new conditions likely to OBJ
tain, as one of the consequences of the
war, will render its fate more certain.
Whether our traditional foreign policy
shall continue to govern, or whether we
launch out upon new and untried ex-
periments with the colonization of ac-
quired territory in distant seas, the con-
tinued taxation of the masses for thl
benefit of the classes must come to an
erd. A nation that shall have so con-
spicuously displayed its adherence to
injustice in Cuba may be depended upon
to ultimately free itself from yoke
scarcely more tolerable.
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-05-29

archy and of the general distrust which
is destroying the national prestige ard
discouraging the troops in the field.
SPAIN" says the premier. us desolated
and ruined by internal troubles" and the
only hope he has is based upon the faith
that her future is in the hands of an over
ruling Providence.
1t is an honest but pathetic and de-
spairing cry, and would see m to indicate
that Sagasta is clearer headed than the
average Spaniard. But what confess
sion it is to come from the lips of states
man as high in the confidence Of his coun
trymen as Sagasta. Surely, the Span
ish nation hastens to its final fall. And
1t will have brought the fatal Judgment
upon itself by its own greed and guile aIi
domain of old Castillo territory bound
less in extent ard fairly radiant with
material resources-has been lost to her
forever, and now she herself is dying the
death of the nations that forgot God
Her latest place in history will be. in IL
lustration Of the truth of the inspired
text that 'the way of the transgressor Is
hard" and that nation which abandons
justice and truth with contempt of its
obligations to God and man will sooner
or later perish from the earth.
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-05-29
FAVORABLE TO THE BOND
SCHEME

The first test vote upon the war reve-
nue. bill, as reported by the finance COM
mttee, was taken yesterday, and result
ed in a victory for the administration,
by the decisive majority of fourteen IN
favor of laying upon the table the amend
ment to tax corporations.
The twenty-seven negative votes prob
ably measures the maximum strengthd
that may be counted upon for any of the
remaining features of the measure offered
as a substitute for the Republican bond
scheme.
1t seems altogether likely that the pro-
visions for coming the seignorage, and
fer the issue of greenbacks, will meet
the fate of the corporation tax clause
and that the house bill, with such amend
ments as have been offered by Republican
senators will be finally adopted.
Such Of these as relate to internal rev.
enue taxes, being unimportant, viii
doubtless meet with a ready concurrence
by the house. But other amendments
involving the annexation of Hawaii ant
providing for military government Of
the Philippines, if adopted by the senate
will be apt to throw the bill into confer.
ence.
The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-05-29
DEMOCRATS GETTING TOGETHER

The results of the meeting of the Dem
ocratic state central committee at San
Francisco yesterday tend to increase the
encouraging outlook for the coming cam
paign in California. The difficulty
among the San Francisco Democracy was
settled to the satisfaction of all but few
Raineyites whose good will, the commit
tee doubtless felt, would have been poor
ly secured at the expense of antagonizins
the better elements of the party.
Fusion and late campaign appear to
have the hearty endorsement Of the COM
mittee, and progress is being made in
these directions, with prospects of final
success.
There is no lack of good gubernatorial
timber in the party. despite the with
drawal of Governor Budd from the race
for the nomination. With Phelan, Ma
guire and Jeter to the fore and a promis-
ing field of dark horses, very interest
ing contest is ahead. May the best man
Wini