davidaulloa/AmericanStories huggingface dataset:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
THE PRODUCTION OF GOLD
The Worlds Output More than
Double in Ten Years.
south Africa Leads. with Australasia
CrovdinG america for Second
PIacc-California Now Behind Col
orndo - The Beneficial Effect of
Changes in Mining Methods.

Wghia the last few years some remark
ar's changes have taken place with refer
enc ae gold production of the world,
ana rrreially Of the United States. FIRE.
quentIf ihe United States has stood first
10 the list Of the worlds gold-producing
countries. and for many years the race be-
tween this country and Australasia has
been close one. Now both have been out
stripped by South Africa because of the
enormous output Of the wonderfully rich
field OF Witwatersrand. 1t is even said that
Australasia Is about TO crowd us to third
place. In the United States the Pacific di-
vision has been compelled to give way TO
the Rocky Mountain section. and Colorado
has succeeded to the eminence so long held
by California.
Changes in mining methods and in the
treatment Of ores have resulted in increas-
ing the worlds production from SllS,00O, 600
in 1890 to probably much more than $780,.
000, COO in 1899. During the same peiied
the production Of the United states has in
creased from 1872 600, 900 to $64,000,0 600 in
1895 and TO probably more than $4,000 600
in 1899.
The following table. compiled from the
reports of the Director OF the Mint. reveals
the present geography OF the United States
gold, ana the changes wrought since 1890:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
A BIG JUMP IN COTTON.
The bulls Advance August Prices
Nearly 10 Points,.

NEW YORK, Feb. 2S.-A bullish hurri-
cane whistled through the cotton mar
ket today and tossed prices upward 30 TO
80 points on this crop, August showing
conspicuous strength at a rise OF nearly
81 a bale. A Wall Street house is re-
ported 10 have bought nearly 900 bales,
largely August. Enormous buying orders
found q market bare Of orders to sell, and
prices went upward by leaps and bounds.
A storm practically shut out the Southern
markets for about three hours, or from
noon to nearly o'clock. but early in the
day Southern buying orders helped to put
up prices. great many stop orders were
caught on the short side. and they con-
tributed largely TO the rise.
The squeeze in March was feature, and
at one time that month was 10 points
over May. There was an advance, too, of
Lice in spot cotton at Savannah, Balti-
more, and St Louis, and Of lSc at Au-
gusta. Norfolk, and New York, and many
believe that the big rise here will en-
courage the South to stand out for Toe
cotton.
Just before the close heavy sales TO
realize caused a sharp reaction. leaving
the net advance for the day 20 to "a points
on this crop and 16 to % on the next.
September, however, was conspicuously
firm. II cannot be said that there was any
thing really new in the situation except
that there was far more anxiety to buy
than to sell. and the cotton could not be
obtained until prices had been marked up
sharply. Liverpool > spot sales We're only
5000 bales. which looks as though Ian
cashire was trying TO fight the advance
But the South has won the fight so far,
and believes that IL viii win the fight
from start 10 fnish.oas s..f.ft.-,s. enc
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

NEW YORK. Feb. 2S.-In so far as Third
Avenue Railroad stock is concerned, to-
DAYS market indicated that there is a
limit even to the effect OF successive un-
fortunate developments This morning
announcement by the several banking
houses that have been investigating the
affairs Of the company with a view to
undertaking the reorganization OF its fin
ances. that they had concluded the facts
did not warrant their going ahead with the
business. was followed by only a slight
further decline in the stock and subsc-
Quently it rallied very sharply
There was. to be sure. exceedingly heavy
buying for the short account in Third Ave
nue., as was to be expected upon the cul-
mination Of its distressed affairs. The re-
covery in the stock was doubtless chiefly
owing TO this circumstance. as nothing
whatever encouraging came to light con-
corning the company's affairs. The ap-
pointment Of a temporary receiver for the
property. which was announced about
O'Clock. was not unexpected.
At all events, however. the check to the
decline in this stock had a salutary effect
upon the whole market Il gave an oppOr-
tunity to persons interested 10 reflect upon
their positions. to estimate their losses,
and 20 provide accordingly. Il was an
nounced today that the directors OF the
company had decided TO defer the payment
of the dividend which had been previously
ordered and which was due today. This
action, while not unexpected. was at tho
same time regarded as exceedingly aTbi-
trary. The folly of declaring any dividend
whatever, under the general circumstances
OF the company. was conceded when Il was
announced But, having declared the divi-
dend it would seem as il the management
might have stood ready to provide the COM
parstvely small sum required for the pay
ment, particularly as their previous action
might have caused many stockholders 10
incur liabilities predicted upon the payment
OF dividend
The market as a whole was extremely
dull after the early dealings. but a firm
tone commonly prevailed. The railway list
continued particularly strong with note
worthy advances in Southern Railway is
sues. Louisville and Nashville and the
Atchison shares. Foreign houses continued
buyers on balance in this market, notably
Of the last named issues.
In the early dealings, Brooklyn Rapid
Transit and Sugar Refining were rather
sharply depressed but subsequently both
stocks recovered their initial loss. The
dealings in the industrial quarter develop
ed no particular feature the movements
there being in line with those in the gen
eral market.
Today's figures showed that since Fri
day last The banks have lost upward Of Sc
800, 00o in their dealings with the Sub
TAraa htrs
were wholly undisturbed. Rather more at
tention appeared to be devoted TO the prob
able effects upon the money market Of the
Currency bill. and st was apparently con-
sideTed that the increased circulation in
volved in its provisions would of set any
contraction in the money market on other
accounts.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

A RECEIVER FOR THE ROAD.
Hugh j. Grant Takes Charge of the
Third Avenue Line

d NEW YORK Feb. 2S.-Hugh J. Grant
was today appointed temporary receiver Of
the Third Avenue Railway by Judge
Lacombe, in the United Circuit Court. Mr.
Grants bond was fixed at $3.50, 600 The
applicants for a temporary receiver repre-
scented about $4,000, 900 OF the capital
stock Of the company, and all agreed in
asking that Mr.. Grant be appointed. Two
weeks hence all the parties in interest will
have an opportunity to be heard before a
permanent appointment.
Mechanics liens to the amount Of S3,11o,-
500 AZ were filed today against the Third
Avenue Railroad Company
The liens are in favor Of Naughton Co.
for material and services. 81, 042 1850;
John A Roebling's Sons, for $29l.13S.09,
and Bernard Naughton and Daniel +. Nc
Mahon, for material and services, 81, SS6-
1853
The latter lien also covers the Forty
second street and the ST. Nicholas Avenue
railroads
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
Building a New Railway.

PETERSBURG, Va, Feb. 2S.-The Rich
moHd, Petersburg. and Carolina Railroad
Company will soon have about 800 men at
work laying stills and rails from this end
OF the line north toward Richmond. At0It
two miles of the track south from Rich
mond have already been laid. The build
ing of the steel span of the trastle here IL
Petersburg at the head of Old Street, IS
being pushed ahead rapidly and will be
finished In few days. The handsome
steel bridge over the Meherrin River Will
be completed in two weeks. This bridge
will be one-fourth of a mile in length and
will cost $175, 900. 1t is expected TO
have trains running over this road through
from Ridgeway, n. c., to Richmond some
time IN March.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

It will be noted that a most remarkable
change has taken place with respect to
Colorado. From being the first State in the
production OF silver, it has passed to the
first position in the output of gold. Last
year the Cripple Creek district Of Colorado
alone yielded $780, 600.
1t may be OF interest to note that within
the vicinity Of this city attempts have been
made 10 mine gold and some remarkably
beautiful specimens have been brought to
the Treasury from a Maryland mine within
a few miles OF Washington, but the vein
from which It was taken Las not yet proved
TO be commercially valuable.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
THE CHICAGO GRAIN MARKET.
Wheat Declines One Cent Under In
Hucnce of Heavy Selling

CHICAGO, Feb. 2S.--Wheat was steady
up TO the last hour. when the market
weakened on liberal liquidation by com
mission houses and prices sold off cent.
The bearish influences were the heavy
snowfall over the winter wheat belt. large
receipts and slack cash demand. Liver
pool was 1Sd higher Paris was prac-
tically unchanged from Saturday. Primary
receipts were about $50 900 bushels over
last year. Clearsnces were $50, 900 bush
els. Ten loads were taken for export
Corn held its own, in spite of the break
of a cent IN wheat. 1t was the more re-
markable because the speculative trade
was small The cash situation was in just
the phase it has been for a week. hardly
any country offerings, but at the same
time there was practically no shipping
demand. The range on futures was barely
1-4c. Liverpool was 1-Sd higher There
was some buying by local interests, who
sold yesterday.
There was but one price to May oats.
% 3-sc. There was hardly any speculative
interest. Receipts were 1879 cars, with l25
for tomorrow. Clearances were Al, 600
bushels. The cash interests seem TO be
bearish on this grain, and the country is
supposed TO be long.
Provisions closed firm at a moderate de-
cline, which was brought about mainly
by local short selling Of pork. Some hold
ings held on stop orders were dislodged.
One of the packers sold the list Most of
the packers were on the buying side, and
exporters bought lard. The cash demand
was good for both meats and lard This
market shows decided strength consider
ing the pressure.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
READY FOR BUSINESS.
The Union Trust and Storage Com
pany Issues n Circular.

The Union Trust and Storage Company
has sent to its stockholders a circular, an
nouncing the full subscription Of its capt.
tai stock and its compliance with all the
charter requirements. The statement IS
made gat the company is now ready to do
business of all kinds in its trust, loan, and
mortgage department. and that a large
part OF It's capital is in the treasury, ready
to be employed.
Regarding the storage department, ii is
said that arrangements for the erection OF
storage warehouses are being made rapid
". II is intended to erect several build
ings, one equipped for the storage Of fur
niture. for railroad merchandise and
freight. and one for cold storage.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
THE PRICE OF PEANUTS.
An Active Demand for Seed Causes
a Marked Advance

NORFOLK. Va, Feb. 2S.-The local pea
nut market has been somewhat excited for
the past two weeks, especially the market
for Spanish nuts farmers stock. This
grade has advanced from 20 cents to 30
cents per bushel within two weeks. and
the tendency is upward. There has been
for all grades an active demand ever since
the season opened. This has puzzled the
cleaners, who generally believed that the
free buying was for speculative account
and would cease when this was supplied
The takings continue large, however, and
the crop appears 10 be going into consump
ton.
The cleaners, or many Of them. have be-
gun to show some reluctance to sell at
present prices, and in view of this an ad-
vance in price appears to be imminent.
The crop, only an average one. is going
out Of the hands of cleaners here and
some grades Of nuts are not over plentiful.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

PITTsBURG, Pa, Feb. 2s.-Representa-
tlves Of all the sheet manufacturing plants
Of the country met here today and COM
pleted the combine, with a capital Of
50 800 600 More than fifty mills were rep
resented Three plants Will be operated by
the trust beginning April l.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

There was a distinctly better tone in the
stock market yesterday, particularly
noticeable in the specialties which have
been weak for several days. but not to be
mistaken in any part OF the list. Prices
in the traction group advanced from one TO
i've OF six points. Sugar gained several
points and Tobacco stocks advanced well.
and the iron and steel securities all ad-
yanced fractionslly. The railway list
showed gains varying from a fraction to
two points or more. The closing prices
were In most instances at or near the high
est for the day. There was nothing new in
the developments OF the day OF a bull3sh
nature. and apparently the change from
weakness 10 strength was simply a profes-
Eional change OF front What Il may be-
como today or later is another matter.
There was heavy covering by the shorts
in Third Avenue when il was announced
that receiver had been appointed FOR the
company, on the professional theory that
short contracts should be covered when the
bad news is out This movement induced
covering in other directions The strong
close suggested that the covering may ex-
tend further today. and If ID develops into
an extensive movement Il is quite possible
that there may be sharp further advance
and pool buying 10 help IL along.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

The fight in the New York traction group
has been a bitter one, and it has caused
prices to melt away in a manner very
seldom seen even in Wall Street But it
has had almost no effect on the standard
securities. II the fight fn New York has
climaXed, the upward movement may be
at hand and II will certainly be helped
by the recovery Of the fractions London
was buyer yesterday. Money continued
aaez
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

As stated IN this column yesterday morn
Ing careful people are confident that the
standard railway securities are 10 have
q strong advance IN price in the near fu-
ture. The great strength OF these stocks
during the recent break in the traction
securities has shown 10 a very conclusive
manner that the holders OF this class Of
stocks are not disposed 10 sell them az the
present level OF prices. These holders are
among the strongest financial interests in
the country. and they have been buying
stocks for several months ia the confident
belief that the great prosperity OF the rail-
ways and the industrial companies viii
ensure higher prices for their securities
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
Washington stock Exchange.

Sales Capital Traction: sass "a. 500
% H. 4O0G93 SIS. Washington Gas: Ia
50 "a, 1OG53 rs. Mergenthaler Linotype.
2G1g7 - 5d1s7 IS. i0dI97 5-S. 3O4
1s7 "a After call-U. s As, registered.
s300a1lG SIS; L. s. rs. coupon: SsOO6
III -: Mergeuthaler Linotype: 20@
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

Il takes Heurichs Maerzen, Senate, and Lager
Beer To impress upon your mind that beer can be
pure II malt and hops are used in brewing. Phone
634 Arlington Bottling Co, for case SsNl you
viii be convinced that Heurichs is the best.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

Corrected daily by W B. Hibbs & Co.,
members Of the New York Exchange,
1919 F Street.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

No Money IN Advance
20 Restore Weak Men.
We send our remedies aud
appliance ifor men onlyl on
ti1ai ana approval. II not
the Grandest Thing on
Earth for weak and debin.
tsted men, ship Ali back at
our enpense-pay nothing.
Rare hftle book. tells q all,
mailed free. -.
CO. euFEALn- NJ. =
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
G, VI. Hoskinson Assigns.

Clinton NJ. Hoskinson yesterday made an
assignment for the benefit of his creditors
10 Charles NJ. Titus, by which he conveys
TO him all his real and personal property
and merchandise in his establishment at
500 Virginia Avenue southeast. Hoskin-
son lists his liabilities at s9l512, and his
assets at $500. which consist of his stock
in trade at 529 Virginia Avenue, valued at
$500. and accounts collectible at 500.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

tx. dividend Of IL per cent
--E1. dividend Of lla per cent
.--IX. dividend Of . per cent.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
4 STRONG RAILWAY LIST
Advance in L. & n. Southern, and
AtchiSOn Shares.

Rapid Transit and Sugar Recover
Early Declines Third Avenue
Rallies Upon the appointment of n
Temporary Receiver - Expected
Dividend Defcrred-Money Market.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

The grangers were among the strongest
securities on the railway list yesterday
Atchison preferred especially being buoy
ant on good buying. based on the superb
January statement OF the company. This
stock closed at 60 IA. the high price Of
the day. The others OF the group all made
snhetanfial min
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

Union Pacific common yesterday sold
Eek dividend / L. per cent for the first
time in its history. The stock recovered
nearly a point Of the dividend closing at
~ 3-s, the best price OF the day. The pre-
ferred stock also sold Eek" per cent
and recovered fraction during the day.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
DR.. A. H. TAYLOR.

DOC + ST. n. W.
Gold filing and bridge work a speciality al
the lowest prices: amllgam filing SOC: fnlI sets
Of teeth on plates, IS; extracting. either by gas
or local spray, absolutely painless. soc: with
ont. 25c; ell work done by experts and guar
sntesd the best; open on SUNDAYS from 10 to Z
O'Clock. mb22-u-em
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

MONEY TO LOAN on APPROVED COLLkT-
ERaL-No delay. CHARLES A. BAKER
Rooms 30 and u, Metzerott Building, ITO st.
jol2-u
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
The 3 Days" Cure

Oor men) leads oil remedies in this city;
prompt and permanent cure or no charge Con-
suitation free. DR. McKEEHAN, SIC 18th 81.
NV. ofHce hours, to u a. N. 6 to D. m
Sundays. 2 to D. m. fe6imo
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
ChIeago Grain and Prorision Mnrket.

Corrected daily by W. B. Hibbs G. Co.
members Of the New York Exchange,
1919 F Street
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
MONEY $4,000 MONEY

To loan on furniture. pianos, etc, without re-
,noyaI or publicity and the day you ask for it.
We will loan any amount making time and pay
ments to suit, giving one month or one year as
Won desire and al rates that you can afford 10
nav II you now have loan with any other
compsuv and desire more money, give MS q call.
win a. cheerfully make so loan as 500, and
no charge or expense if loan is not made. Always
ready and willing TO give information regarding
- md methods to secure loan. We are the
oldest loan company in The city. and viii give
Won honest treatment AL business strictly con-
s5crtial Private Offices
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

MONEY loaned salaried people and retail mer.
chants upon their own names, without g.
cruityi easy payments. TOLMAN. Room IS, COS
ga & st. oc22-1yr
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01
Washington Mortgage Loan Co.,
SO r Street NV.

MONEY TO LOAN at 3is. 37i 4, and AZ Der
cent. in sums OF 5000 to $4,000 on ID. c.
veal estate; pay OF and G per cent mortgages
and begin anew; all transactions conducted with
economical consideration for borrowers WAL IL
SAUNDERS & co, 1401 st. NV. iylti-eu
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-03-01

Baltimore and Ohio common was strong
with an advance OF more than a point.
There have been stories o. liquidation by
the bull pool in the stock. or one of them
recently but there was little evidence Of
anything Of the kind yesterday. On the
other hand one of the most conservative
and influential brokers in the street ex-
pressed the opinion yesterday that the
stock is one Of the best purchases IN the
entire list The new terminal facilities OF
the company at Chicago undoubtedly add
much to the intrinsic value Of the securi
ties Of the company.
Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-05-19
ROSS v. GATFNEY CITY.
Supreme Court OF South Carolina
March 30. 1900.

Supreme Court OF South Carolina
March 30, 1900.
WHERE A PERSON SIGNED A Pc
Triton ASKING FOR THE EX-
EMPTION BY A CITY OF A GER
TAIN CORPORATION FROM TAX
ALTON. AND HIS DIVIDENDS AS
A STOCKHOLDERS IN SUCH COR
fNGEEB- HIS SHARE
OF THE INCREASED TAXES.
CAUSED BY SUCH EXEMPTION,
HE IS ESTOPPED TO CONTEST
THE VALIDITY OF SUCH EXEMP
TON.
The Council of Gaffney City, upon a
petition signed by many persons, among
them the plaintiff, Ross, passed an or.
dinance exempting the Gaffney Manu-
featuring Company from taxation for
ten years The plaintiff petitioned the
Council for a mandamus requiring this
company to be assessed for taxation.
The Court says:
The petition for the passage OF the
ordinance hereinbefore mentioned was
signed by the. relator. NJ. l.. Ross. His
dividends IS stakeholder in said cor
poration have amounted to more than
any increase of taxes which he NAV
exemption. The Gaffney Manufacture
ing Company alleges in its return to the
rule TO show cause and it is not de-
MED in the reply, that the petition and
ordinance passed in pursuance thereof
greatly moved and influenced the said
corporation in the location of its mill.
and that the petitioner. by his conduct
In aiding to bring about the result, is
estopped from instituting this proceed
Ing. In the case Of Daniels Taarpav
luz U. S. Ais, the court says: ut is
we'll settled, as a general proposition,
SUBJECT to certain exceptions. not ne
cessary to be here noted, that, where
party has availed himself for his ben
ent OF an unconstitutional law, he can
not. in subsequent litigation with
others not in that position, aver its I'M
constitutionality as defense, although
such unconstitutionality may have been
pronounced by competent judicial trl-
bunal in another suit. In such cases
the privilege of estoppel applies with
full force and conclusive effect"-citing
a number of authorities. Continuing,
the court says: In the case first cited
an Injunction was applied for to pre-
vent the collection of tax authorized
by an act Of the Legislature passed
during the civil war to enable the peo-
pie OF county to raise volunteers, and
thus avoid draft for soldiers, and that
object had been accomplished. In dis
posing OF the case the court we'll asked:
Upon what principle of exalted equity
shall a man be permitted to receive a
valuable consideration through a stat
ute procured by his own consent. or
subsequently, sanctioned by him. or
from which he derived an interest and
consideration. and then keep the con-
siderahon and repudiate the statute?"