davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23
NAVAL, STORES.

Charleston, S. c., May 22.-Tuil entine steady
at AZ; sales
Rosin quiet; receipts sales 100; exports -
Quote Il, G, d, 81 ~; h, 81. 10; f. Sl:2oi o. i;"C
H. 81 40; l. 81. A. X. Sl55; NJ, Sl70; \, 300; W q
III; w W, S2.35.
Savannah Ga, May 22.-Turpentine firm at
1917; receipts 2.29O; sales 1888; exports CO.,
Resin firm; receipts 4,3ll; sales Los, tAports'
co.,
Quote: A, b. C, d, $3.50; f. 1925; rs l.30; G.
al.;}o H. Sl.45; !, Sl.55; X, Sl.65; NJ, Sl.SO; \.
S2.05; VIC, S.. %; WV, S245
Wilmington, n. c., May 22.-Turpentine
steady at 4S148h: receipts S.
Rosin steady at s. 05al.l0; receipts 2l0,
Crude turpentine firm at Sl.s5a2.9O; receipts
1919 barrels.
Tar firm at 81. 40; receipts So barrels.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23

Sdi,o Will Illlll Is luOSb caro-
tuliy diagnosed and the ex-
act position of the diseased
condition determined. Thus
every case Is treated separ.
ately ard medicines are adj
N in istercd which are
esp eciaHv prepared under
DR.. Uathaway's personal
su rervision fer each case.
I otyo pcopleGre affected
by a particular diseasointhe
came manner, consequent.
~ no tworcople should be
|trcatcdin tho Same way even
for TIE same complaint.
Er. Hathaway is a special-
1T IN the best sense of the
a = a A e-.1 Il H..
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23

sDaily.
Nos. 4O3 and 4G2--"The Atlanta Specials"
Solid Vestibuled Train OF Pullman Slcepers and
coaches between Washington and Atlanta, also
Pullman Slcepers between Portsmouth and Char.
lotle, N. g.
Nos. Al and 3S-"The S. A. L. Express" Solid
Train, coaches and Pullman Sletpers between
Portsmouth and Atlanta.
Both trains make immediate connections at
Atlanta for Montgomery. Mobile, New Orleans.
Texas, California, Mexico, Chattanooga. Nash
Vile, Memphis, Macon, Florida.
For tickets, seepers, ETC., apply to-
g. Il. GATTlS, ID. T. A.. Union Depot.
II. S. Lizard,
Y. p. SMITH,
Marlborough House. Raleigh. H. o.
e. ST. JOHN. vice-Pres. and General Manager,
n. W. n. GLOVER. Traffic Manager.
v. F.. McREE. General Superintendent.
l.. g. ALLEN. General Passenger Agent
GENERAL OFFICES. PORTSMOUTH. VA.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23
lopEN Nc. HIGHEST. LOWEST. CLOSING.
Cosh ouotauons were as rouows:

Cash quotations. were as follows:
Flour easy; winter patents $3.60a370; do.
straights S.9Oa3.40; do clears 2.70a3.20 spring
specials SO. S05390; spring patents S3.00a3 40; do
straights s.. 70i2.90; bakers $2.00a2.4O. Wheat
a. Corn-No. 2, 367s No. 2yeow 81 Oats
No. 2, 22h923; No. 2 white 25la@26; No. 3,
white 244@25h. Rye-No. ,, 80. Barley-good
feeding 81: fair to choice mailing 3e040 Flax
seed 81 80; No northwestern $3.50 Prime tim
othy seed So Is. Mess pork per Dbl, $40. 4oal Sc.
Lard per 100 lbs, S615069o Short rib sides
0oose) Ss 4Oa665. ,-sated shoulders (boXed)
6h@6A. Short clear sides (boxed) s6.9507. %.
Whiskey Sl.25.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23
GRAIN AND PROVISIONS.

Chicago, May 22.-Business on the
Board of Trade today was of very
quiet order Wheat and corn closed
without change in price from yesterday,
oats &c lower. Provisions at the close
were sc to 1212c reduced.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23

seed 81 so; No. / northwestern $3.50 Prime tim
othy seed S245 Mess pork per Dbl, $50. 4Qal &c.
Coose) IS. 40l665. / r,-salted shoulders (boxeD
6h@6A Short clear sides (boxed) S69507. J5
Whlskey Sl.25
NEW YORK.
New YORK, May 22-Flour about steady
Minnesota patents S360a3.85: Minnesota bakers
s. 65a2 so; winter patents 3d. 60a3S5; do. straightS
50. 401350; do. extras S2.60a2.S5; do. low grades
g.. 25QD2. 40.
Rye flour dull fair to good 81. 9Oa3. Is; choio e
to fancy S3.25a350
Buckw wheat Hour strong at 81. 50al.75
Buckwheat seady at 56A.
Corn meal easy; yellow western So city SO;
brandywine S2.2Oa23O
Rye firm; No. 2, western Il f. D. baloat.
Barley quet; feeuIng 43Ia45; '"Aiting 5Ua53.
Barley malt aCminal; western 5oa6o
Wheat-spot frm No =. red .f9s. Options
May ia July 72}6; September %, oa.,on. non
Corn-spot steady: No. 2, AK. Options-May,
Az; July 4218; September 42h
Oats-spot easier; No ,, q. Options-May 49,.
Hops steady; State, common to choice, 1896 crop
6: 1893, 100; 1899, l2p3; Pueblo coast, 1875 crop
s; 1898, 7Gl9; 1899. i26Dl3
Hides steady; Galveston. 20025 lbs. 1917.
Beef steady; family Sl2.00al2,50; extra mess
S1OO0a1050; beef hams S2U. 5Oa2l packet Sll,0Oa
l2.00: city extra India mess FL .OOal90O
Cut meats steady; picked bellies 714aS14; pick
led shoulders 611@6a picked hams lOlf0lO4.
Lard easier: western steamed S7.s5; refined
du |; to the continent $40; South America
$500 compound 6as06h.
Pork steady: mess SI2.o00D12. 10; short clears
sl4OO0l5O0; family Sl4.00QDI4.50.
Buttrer firm western creamery lG%Q20;
factory l31l3h; imitation creamery l5h0l1;
State dairy l5h019.
Cheese weak; fancy large white 93i fancy
large colored ga; fancy small white $685.
do colored 8l94
Eggs stea0y State aud Pennsylvania at marx marx
l4Di414; western fresh, at mark 1910 II;
southern, at mark, l0h@llH.
Potatoes quiet; New York $1,000 l.50 Flor
ida So OO01650: New Jersey sweets S3.O061.4. 30.
Tallow nominal; city AZ; country 4?s@5]S.
Petroleum quiet: refined New York as. go;
Philadelphia and Baltimore $3.50; do in bulk $50.
Rosin steady strained common TO good, Sl.oo.
Turpentine steady at 5lR952
Rice firm: domestic, fair TO extra 41sQ6h;
Japan 4AM4Is 80.
good to choice, 44GJ53 ~
Peanuts steady; fancy nd-picked 3A04 do
nestle 3l13R.
Cabbage Quiet; Florida per crate s. Oils.
Freghts to Liverpool quiet; coLto" ny steam
%; do. grain 3A04. .o
aO;spot Rio steady; No. invoice 7as No. Job
L,ng -; mild, quiet; Cordova 9h@l3R.
Sugar-raw, steady; far refining, 8 1873; cen
triftugal y6- test, l532 mt lasses sugar 1915:
lined hrm: No g, 4.61; No Z, 4.Uo; No. :, 40;
NO g. 4 so; No 10, AS No. II, Az: No. IL IL;
No. 4.35; mould a $40, standard 40 conIec-
toners A, 500: cut LOAF 90; crushed 800;
powdered ). y; graduated $50; cubes53O
Cotton seed oil dull, barely steady PRIME crude,
barrels 34135H nominal; prime summer yellow
81 a asked; OIL summer yellow %; butter grades
nominal; prime winter yellow 4U1i2; PRIME
white 400 fl; prime meal S23.oo
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23
NORFOLK PEANUT MARKET.

NoRFoLK, Va, May 22.-Peanuts steady; new
fancy, 2A; strictly prime, 23s prime, 2BQ24
common, l140l2.; Spanish, 9Oc. per bushel.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23
NEW WORK MONEY

New YORK, May 22.--8 p. Mooney on call
easy at lA@2 per cent; last loan Ia per cent.
Ling exchange easy with actual business in
nankers bills at $4S7A14S77s for demand. and
s4.sIA@4S4S for sixty days Posted rates S4S5la
and $3.50. Commercial bills S4s404Sih.
Silver certificates GOA 16024. Bar silver co.'s Men
lean dollars AN Government bonds weak;
State bonds strong; railroad bonds irregular.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23
WHY he CURES

The Greatest Specialist of the Time In the
Treatment Of Private Diseases Gives
q Every Case HIS Personal Attention. e
Most doctors have a certain number of stock rem.
edes which they Use in all cases which ecem at all
similar. Ihis is not Dr.. uathaNay's method. Every
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23

Spot cotton closed quiet: mddIlng upIands
ga; mdding gulf 9's sales l,3ii bales.
LIVERPOOL
LIVERPOOL May 22-1 p. M.-Spot cotton,
limited demand; prices I'D. lower; American
middling fair l5-32d; cool middling 3-l6d: mid
ding 3-32d: low middling 3l-32d; good ordi-
nary 21-32d: ordinary -32d.
The sales of the day were 5000 bales, of which
500 were for speculation and export, and in
cuded 540O American. Receipts 5000 bales, in
cu ling /, 500 American.
Futures opened weak and closed steady at the
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-05-23
HOODS PILLS cure Liver Ills, Bill
iousness, Indigestion, headache.
Easy to take, easy to operate. 49,

If a man is unable to find a reason for
doing mean act he invents an excuse
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27
VAN VORHIS AND SHIVELY
SILVER REPUBLICAN, LEADERS
VIEWS OF THE SOUTH BEND MAN.
would BE Bad Politics to Nominate
Him for Vice President-ROose-
welt Not Coming.

F. j. Van vorhis, chairman of the silver
Republican organization of the State,
thinks there is not the slightest probability
of b. F. Shively being nominated for the
vice presidency on the Democratic ticket.
He declined to say what the silver Repub-
licans will do in the event Shively is NOM
mated. None of the Indiana delegation
will be for Shively," said Mr.. Van Vorhis,
yesterday, except the men who opposed
his nomination for Governor. Mr.. Van
vorhis was unable to say why these men
are for Shively. 1t was suggested to him
that perhaps they are talking of Shively
for the vice presidency in order to square"
themselves for the way they opposed him
in connection with the gubernatorial NOM
nation.
Mr.. Van Vorhis thinks 1t would be bad
politics to nominate Shively. He says that
Notwithstanding Mr.. Shively's pronounced
free silver views, the free silver branch of
the Democracy is out of humor with him
for the way he acted in the State conven-
ton. The note which Shively sent into
the convention declining to be a candidate
came as a surprise 10 many of the silver
delegates who had gone to bed the night
before feeling that Shlvely's name would
go before the convention the next day and
that he would be the nominee. 1t is claimed
that many of the silver men feel that
Shively has trifed with them. Mr.. Van
Vorhis says he does not see any particular
significance in the fact that Shively is to
go to the Kansas City convention on the
official train which will bear the "conserva-
tive element Of the party from this State.
Mr.. Van vorhis thinks that two or three
hundred silver Republicans will go to Kan
sas City. The silver Republicans viii hold
their convention July 4 at the same time
the Democratic convention will be held.
They expect to ratify the nominations made
by the Democrats and they are hoping that
Towne, the POpulist vice presidential nomi-
nee. will be selected for second place on the
Democratic ticket. Mr.. Van Vorhis will
leave for Kansas City on Saturday. Chair
man Martin. of the Democratic State COM
mittee, thinks that the crowd which will
go TO the Kansas City convention will
number 1900. A number of the pictures
which adorn the walls at State committee
headquarters will be taken to Kansas City
and displayed In the Indiana headquarters
at the Coates House. Portraits of Gray,
Matthews, Voorhees,, Shively, Turpie and
Hendricks will be displayed. A new pic
ture of the late Senator voorhees, is being
enlarged from a photograph.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27
PLANS OF STRONG ROADS
THE WEAK LINES WEST AS WELL AS
EAST WILL BE ABSORBED.
Movement Looking to Abandoning
Excursfons-Iu Feeling
Over Excess Fares Question.

The new deal through which the owner
ship and control of the Iowa Central rests
with the Santa Fe and the Southern Pa
cihc IL said 10 be the first of a series Of
steps 10 be taken toward the greatest rail-
way consolidation ever contemplated. 1t is
asserted hat the Southern Pacific and San
ia f. systems have combined to prevent
the Hartman interests from gaining too
mEch power, yet at the same time the
three systems are TO work together for the
maintenance OF rates. 1t seems 10 be the
conclusion of the magnates OF the railway
world that the only way TO prevent weak
lines from cutting rates Is to amalgamate
them with the strongest systems. The idea
of 'unification of financial control" has
rapidly developed In the East and the indi
cations are that 1t will have greater growth
in the West. 1t seems certain that all of
the little roads will be swallowed up by the
big systems. While the latter will in time
be able to enforce the maintenance of tarjst
rates, each will be careful to prevent any
other from securing too great an advan-
tage. The smaller roads In the middle
West now controlled by the Southern Pa
cihc and Santa Fe systems are the Mime
apolis & st. Louis. the Indiana, Illinois &
Iowa and the Iowa Central. Plans for the
acquisition of other roads are progressing.
1t is said to be the aim of the Southern
Pacific and Santa Fe to prevent the extern
sion of the Hartman system TO the Pacific
coast. If this is true there Will be a lively
contest for the financial control Of a num-
Der of smaller lines.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27
standin. of the Clubs.
Special to the Indianapolis Journal.

y ~ W.
BUFFALO. N. Y, June 26~.-Indianapolis
is still running along in the poorest kind of
baseball luck and was again defeated to-
day by the tail-end aggregation, the score
being II to 4. Kellum was in the box for
the visitors. and that usually invincible
twirler was rather wild and poorly sup
ported by his anna for every error
that was made helped the Buffalos to
score. Gray did very we'll at first, but it
was apparent hat 1t was not his corner,
for on three occasions when the ball was
hit between first and second he endeavored
to reach the bag before the runner instead
of fielding the ball to Kellum, and in each
instance he was beaten out. The usually
reliable Hogriever also put up a very bad
game, dropping one fly and misjudging an
other hit which bounded over his head.
Hickey made one glaring error in not COW
ering his base when the ball was hit to
Madison. allowing a man to reach third in
safety. All of these things helped KelIum
to become disgusted with his support and
to pitch indifferently.
For two innings indianapolis was
BANKED, although Buffalo made two errors
in the second. A double play on Madison
dAu oAdSOOu opened up the 1nlrQ. Gray
walked to first and Heydon and Powers
followed with singles, scoring Gray. Hey
don scored a minute later on an error.
Seven Hoosiers came to bat in the fourth,
but only one run was scored. Hickey flew
out to center, Kellum beat out his bunt
close to the plate with the catcher way
back. Hogriever fouled out to Schreckon-
COST. Madison, Magoon and Gray followed
with singles. scoring Kellum and filling the
bases. but Heydon's hit killed Gray at sec
ond. The fifth. sixth and seventh were
blanks. not a hit being made off Hastings.
1t might be recorded right here before 1t is
forgotten that to-day was the first time
that Hastings has won a game from IN
dianapolis in the past two years. Powers
was the first man up in the eighth and
singled to left. Flynn hit to the pitcher.
who threw Powers out at second. Hickey
hit to Andrews, who threw Flynn out at
second. kellum hit safely to right, placing
Hickey on second. Andrews allowed Hog
riever's hit to get by him. and Hickey
scored. Madison flew out to Carr, retiring
the side. The ninth was short. Magoon
struck out and Gray and Heydon were
thrown out at first on their infield hits.
| Buffalo made three in the first on Shear
on's double and Athertcn's home run to left
field fence. helped along by an error of
| Hogriever and a wild pitch. Another came
in the fourth on Carey's double and Hall
/ mans single. Three more were scored in
| the sixth on three singles, a wild pitch and
| Hickey's error. Five were added in the
| eighth, a very bad inning. Six hits and
Gray's error did the business. Score:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27
ROOSEVELT NOT COMING.
Original Plan of Vice Presidential
Candidate Changed.

Chairman. Hernly. of the Republican
state committee, received a telegram from
Governor Roosevelt yesterday in which the
latter announced his regret that he woul
not be able to pass through indianapolis on
his way TO Oklahoma. 1t had been report
ed that the Roosevelt train would pass
through the State, and the original ar
rangement was to have the Republican vice
presidential candidate come this way on his
way West. Mr.. Hernly will attend the Ok
lahoma reunion, but will not go on the
Roosevelt train. He says Governor Roose-
Welt will visit Indiana later in the campaign
and will make several speeches in the
State. The chairman says that President
Mckinley and Senator Depew will also
make some speeches in Indiana.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27

Lines running through the States of Iowa
and Illinois are trying to kill the custom of
running jobbers' excursions. The Iowa
lines have decided to refer all applications
for such excursions to the chairman Of the
Western Passenger Association, who will
quote such applicants the rate for special
trains. S.25 per train mile. Illinois lines
are now voting on a similar proposition,
with every prospect that it will be carried.
The so-called Jobbers' excursions. the roads
say. have caused no end of trouble. If one
line running to certain jobbing centers gets
up a jobbers' excursion, which results in
people along the line going to these towns
with the result that the merchants of cities
which are not in the circuits Of jobbers'
excursions cry out against the alleged dis
elimination. The jobbers have made a Wig
orous protest.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27
A vigorous Protest.

To the Editor OF the Indianapolis Journal:
If the United Irish-American societies
imagine that they are forwarding their in
fuence or contributing to the cause OF
human liberty by denouncing the admin
istration for the deportation of murderers
they very much misapprehend the temper
Of the American people. II is true that
America has been. and Is, an asylum for
the oppressed of all nations. but 1t is not,
OF ought not to be, a refuge for the crimi-
nails Of all nations. 1t must require a very
pronounced myopic condition, induced by
senseiess prejudice. to "see in this action of
the present administration an abject and
slavish surrender of one OF the vital prin-
ciples which have made our country.
through the entire period Of its history.
stand out as a refuge and shelter for the
oppressed of all nations" IL is strange
that these societies can not also see that
there Is a law against the admission of
criminals. not only from Ireland, but from
any country. This is a class OF immigrants
which Is very unwelcome 10 all good citi-
gems of the United States whatever their
extraction, and IL is not an evidence of the
rerspicuity or u-nwavering patriotism of the
United I~rish-American Societies TO cham
pion the cause OF such persons. The char
ACleflIdtlOn OF IulS dCtlDn OF the dQmlliS-
tration as "a base surrender OF American
doctrine at the demand of the one coun-
try which has Away been our bitter and
unrelenting foe." and as IAN act which in
dicates that the present administration will
so TO any length TO pander 10 English opin-
ion" exhibits an insight into craftsmanship
truly characteristic of the Irish people.
The people of the United States. exclu-
s.ve Of that portion blinded by prejudice. IS
not aware that England has always been
our bitter and unreienting foe for. since
the war OF 1872 our relations nave been
very cordial. thong there has been. and
IL cow. a lively commercial rivalry, and
since the Spanlsh-American war began 10
the present moment. our relations have
been frank. and without q shadow CT bit
terness. on the part Of either nation.
Americans do not entertain i'll feeling for
cur British cousins and, II the Irish have
grievances agains. them. IL would be braver
md more manly TO fight their battles in the
Emerald Isle or on the shores OF England,
and not seek 10 embitter the Nation which
has AFFORDED these exiles a home. with a
freedom which they seem disposed 10
abuse. JUSTICE.
Indianapolis. Tune &c.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27

Totals III is q s Tstall
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27

without stopovers the rate will be 2 cents
per mile per capita. short-iine mileage On
diferential lines 10 per cent. deductions VIII
be allowed from this rate, with a maximum
deduction of $3.50.
While the question of excess fares seems
to have been settled, there is more pros
pect of war and bitterness over 1t now than
there ever has been. The Erie won a sig
nal victory, and found the differential roads
stronger in their position than they have
been for years, but II did SO at the ex-
pense OF the good will OF the standard
roads and even some of its colleagues IN
the differential privilege.
The following changes are announced in
the freight department of the Northern Pa
cihc: s. @. Fulton, assistant general freight
agent, Portland, Ore; j. Il. Baird, assistant
general freight agent, st. Paul. Mimi; w.
w. Broughton. assistant general freight
agent. st. Paul. Mimi; III. E.. Still. division
freight agent, St Paul; Henry Blakely d.
vision freight agent, ST. Paul, Mimi; Her
bert Swinford, general freight agent, Win
nipeg, Man.
The directors of the New York Central &
Hudson River Railroad Company, with
Chauncey NJ. Depew as chairman. met yes
terday and declared a dividend of ia per
cent, payable July 10 The directors or the
Lake Shore & Michigan Southern Railroad
also met and declared a dividend of 31 per
cent, payable July %. The directors of the
Michigan Central Railroad Company met
and declared a dividend of 2 per cent, pay
able July %.
The Burlington has announced an adj
vance, effective July 2, on grain and grain
products originating at points west of Kan
sas City, st. Joseph. L~eavenworth and
Atcbison, when shipments are reconsigned
TO central points on the Chicago, Burling-
ton & Quincy. The wheat rate to Bur-
llngton and Beardstown and common points
is made liz instead of 8 cents. and the
rate to Quincy and East Burlington is
made liz cents. At present the 7-cent rate
10 Quincy on wheat and flour destined TO
points east of the Illinois-Indiana state line
applies to Quincy proper. This is of inter-
est to local shippers and grain dealers.
Not all railroad managers are. far enough
advanced in their ideas to welcome COM
| parison of their methods with those of the
Lake Shore, but IL should be borne in mind
that the exceptional record of this division
Of the Vanderbilt system is due not only
to Providence or good fortune. but also In
great measure to wise administration. No
effort is spared by the Lake Shore stan.
from the president down to the station
| agents, to save money by saving car mile
age and train mileage. This really is the
secret of permanent gains in Invisible In
| come. Since Jan. i Lake Shores train
loads have risen well toward 500 tons, and
| beyond question that level will be reached
| by the end of another year. if not secured
in 1900. The operating officials, not content
| even with this record. look for a 60O-ton and
| even a 700-ton basis at no distant day.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-06-27
Mr.. ingalls, on the situation.

President NJ. Z. Ingalls,, OF the Cleveland.
Cincinnati, Chicago & st. Louis Railroad,
who will return to the United States on the
White Star line steamer Oceanic, sailing
from Liverpool to-day, after three months
spent in Europe, said. to a reporter. in
London. yesterday: IT heard, while In
Paris. that English investors were sore
over the failure of the Northern Pacific TO
pay an extra dividend and that American
railroad shares seem suffering in conse-
quence. Without knowing the details, the
Northern Pacifc's action, / should judge
it, is the fault of investors and specu-
lators. rather than the roads. When | left
the United States, in March, / believed
several railroad stocks were raised to fig
ures unjustifed by earnings. To judge that
everybody will get rich as a result of this
is. perhaps. rather rash. Judging from the
cable advices, there is much to justify
conservative arrangements in not increas-
ing dividends. Coal and wages have risen
tremendously. This is bound to affect the
net earnings. and increased expenses must
be provided for without calculating too
much upon the prospect of good business,
which. I sincerely believe, exists. l expect
a ragged market and many fluctuations till
after election, though l do not believe val
ues will be seriously affected in the long
run"