The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1900-01-06
si coz. THIRD AND k,No srRssrs
'tsBllsNED DAiLX. EXCEPT SUNDAYS
SATURDAY. JANUARY s. 1000.

HENRY CLEWS says: zine mar
ket has partially recovered from the
December decline, and has emerged
greatly strengthened by that test.
4 AL danger of panic was success
fully averted. and it will be many
months before the low prlcea then
touched will be seen again. AS lor
the future course OF the security
markets in 1900, any OPINIONS Of
value must be guided by careful
consideration. Taken as whole.
the outlook for the present year is
highly favorable; prosperity pre-
walls throughout the country, while
4 both trade and industry are in
aound and hopeful condition.
1t is very unlikely that 1900 will
be repetition of 1899. Even pros
perity has its fluctuations and draw
backs, especially when cost OF ma
Serial and labor rise to point that
checks new enterprise or leads to
oyerproduction, with all the incon.
venient consequences that follow.
The rise in many commodities has
been quite pronounced. In pig iron
and iron products the advance has
been simply phenomenal, owing to
4 the tremendous pressure OF orders.
The effect OF this is to again bring
into use many obsolete and discard
ed plants in all parts of the coun-
try, which may run at profit for
a few months or years, but must
ultimately succumb to the competi.
ton Of stronger and better equipped
concerns when prices recede to the
normal. There are a number of
very important enterprises now held
in abey ance because OF the high
price OF iron entering into perma-
nent structures; and when the
present rush of orders has been
satisfied and some concessions eff
fected in values these buyers will
probably come into the market and
SO prevent any serious or too rapid
decline: but it should not be forgot
ten that the present roseate condi-
tons in the iron trade will not con-
tinue indefinitely. The Stock Mar
ket is now more under the influence
of iron than ever; first because 80
MANY securities Of that class are
now dealt in here, and second be-
cause in various ways railroad
traffic is materially affected. Any
marked subsistence of the activity
in the iron trade is, therefore, likely
to withdraw powerful stimulus to
stocks; but this will not happen for
months to come, many concerns
having on hand orders that will
keep them busy for the next six
months earning large profits. There
are also other lines of industry in
which it is question if 1900 proves
as good year as 1899. The textile
trades have had wonderfully sue
cessful season, but prudent mer-
chants are not overconGdent, es-
pecially in view OF the great cXpan-
sion of the cotton industry i'll the
South.
Another important element in the
future is the money market. There
is little prospectof what we usually
term easy rates during the present
year."
A CABLE to London, from Cape
Town says that Colonel Baden
Powell has again defe ated the Beers
at Mafeking. A despatch from
Rensburg, Cape Colony, says that
1000 Beers Unexpectedly attack
General French's left flank near
Colesberg, yesterday morning.
They swarmed over the hills to the
north OF the town just before dawn
and did some hard fighting, until
they were driven out after an hours
Smelling by the British guns and by
heavy musketry fire. The Beers
are said to have lost about 100.
The British casualties we're light.
Another despatch says the Beers
still hold Colesberg, however, and
have not yet been driven out OF the
hills Immediately surrounding the
: town.
THE Senate Committee on privi-
1eges and elections has decided by
q vote of to to make an adverse
report upon the resolution to seat
Senator Quay. No definite time was
set for tine presentation of the conf
mittee's report to the Senate.
Senators Chandler, Hoar and Nc
Comas vote to seat Quay, while
Senators Turley, Pettus, Caffrey
and Harris, voted against seating
the man from Pennsylvania. All
the same Quay was the one man
who made it psssible for Harrison
to be elected President
EDWARD WUNCH yesterday re-
covered a verdict against David
Shankland in the court at Buffalo.
N. Y, for $780, Mr.. ShaDkland is
president Of the Typographical
Union No. 9, of Buffalo Wunch is
linotype machinist, WHO was
forced out of his place because he
refused to take out a card in the
Typographical Union, being already
member of the Machuists Union.
JUDGE DARrE, Of Luzerne county.
Pa, yesterday refused to confirm
the appointment Of Robert Robinson
as Clerk of the Orphans Court, an
appointment which he holds under
the Register of Wills. Robinson
has been holding Office continuously
for 2Oyears, JUMPING from one office
to the other. He is known as the
"Perpetual Office holder. This is
what the upholders of the civil SER
vice laws want to inflict on the peo-
pie OF this country.
NEVER in the history Of the city
has there been such a demand for
small houses that rent from ST. to
$l8 a month. There have been quite
number OF new houses built the
last year, but all the workshops
being busy, it has brought dozens
OF new families into our CITY and
made demand that the rea! estate
men cannot supply.
lr looks now as il Congressman
HO!icCker was rOlDp to name liz.