davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02
THE MARKET OPENS
FIRM AND HIGHER
Selling Orders From South
Check Cotton's Rise.
AND PRICES FALL FAST
Receipts Large and Heavier Offerings
in the South.
WEEK END IN SIGHT FIGURES BEARlSH
Market Closes Steady at Net Decline Of Five to
Twelve Points. Grain Lower and Dull.
Sentiment Among Specula-
tors Unsettled.
WEEK END IN SIGHT FIGURES BEARISH
(By the Associated Press.)

New York, Nov 1.-THE market today
decline in cotton is affecting the demand.
Brown and bleached cottons are steady
and coarse colored cottons firm. Further
purchases Of regular print cloths made by
Borden at 3 Is cents. Wide print cloths
barely steady. No change in prints or
gnghams. Linens are firm but business
is quiet. Burlaps are still declining with
a limited business.
COTTON.
New York, Nov. 1.-THE cotton market
opened firm with prices to II points high
err and for a brief period exhibited a
disposition to hold the advance. The Liv-
erpool cables were fully 314 points better
than looked for and conservative inter-
ests seemed to be friendly to the market,
buying January and March for a further
rise. But just when every one looked for
sharp additional gains, selling orders
came in from the South, presumably to
hedge against purchases of spot cotton
Room buyers took their cue from this I'M
looked-for pressure and sold out early
purchases while demand through commits
sion houses rapidly dropped off, with the
lost all it's advance and was weak in tone.
Receipts were larger than expected, the
weather proved more favorable than fore
casted and private advices claimed that
offerings in the South were larger than
III several days. Early in the afternoon
the market became very weak under bear
selling and active unloading of a stop
order character. January broke to 737
before the decline was arrested with late
months off in keeping. The estimates for
tomorrow's New Orleans and Houston re-
ceipts were larger than expected and the
weather forecast failed to indicate frost
for the country tonight. The week end
figures were of bearish import so far as
the ''in sight was concerned, being 547,-
600 bales as compared with 100000 bales
last week The holiday in New Orleans,
in small measure, checked new specula-
ton At the close the market was steady
at a net decline of to II points.
NEW YORK
NEW YORK, Nov L. Cotton futures opened
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02

brought lower prices in dull grain mar
kets today and December wheat closed
nc lower; December corn X to sc de-
pressed and December oats 1ac down. Pro-
visions closed 21ac higher to &c lower.
Leading futures ranged as follows:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02
OTHER COTTON MARKETS.
NEW YORK MONEY

New YORK. Nov. LII p. m.-Money on call
firm at 3h@4 pei cent; last loan at 81
per cent; ruling rate per cent. Prime mer-
camille paper strong at ah05 per cent Sterling
exchange firm with actual business in bhnA-
ers bills at 4Sl for demand and at 81
ass. Commercial bills 4.s3@is3h. Bar silver
SIX. Mexican dollars 45A Government bonds
strong. State bonds Inactive; Railroad bonds
Irregular
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02

souri, Pacific, $500; Northern Pacific pre-
ferred $500; Pennsylvania, $1,000; Read
ing, II, 400: St. Paul, 1860; Southern Pa
cifc, 14,100; Southern Railway, 1900;
Southern Railway preferred, $500; Union
Pacific. %, 100; Amalgamated Copper, TO-
400; Brooklyn, 1880; Peoples Gas, y
500; Sugar, II, 400; United States Steel,
1900; United States. Steel preferred, g.
0n0
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02

GRAIN AND PROVISIONS.
Chicago, Nov. Ian easier feeling dis
placing the recent urgent demand for corn
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02
NAVAL STORES

WLMINeToN, n. C.. Nov l. Turpentine
nothing doing at S4k@35h; receipts q.
Crude. turpentine quiet at Sl.1o02 90; receipts
II barrels.
Tar quiet at 1925; receipts AZ
SAVANNAH Ga, Nov. 1.--Turpentine firm at
35as receipts l,044: sales $50; exports $50.
Rosip firm, receipts 3l67: sales 1910; ex-
ports $685..
Qnote: A, B, C, slo5; d, slo5; E, si.1O; F,
II; 9, Sl40; H, Sl.30; l. Sl.35; X, Si.95; M,
24o; N, S305; G, SS.45; w W, $500.
CHARLESTON, S. @, Nov. f. Turpentine
firm at 35h: receipts -, sales -; exports -.
Rosin firm; receipts -; sales -; exports
8, 81. Is; II, S1.25; l. Sl35; Sl.a0; NJ, 1925; y
2.15; VIC So Is; w W, So. so
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02
RALEIGH SPOT COTTON MARKET

Raleigh, N. c., Nov. 1.-The prices on
the local market are in an abnormal
shape. Despite the continued report OF
short crops the prices drop. Dealers here
say this is due to the fear on the market
North that the crop is large one, and
that the short crop" report is only appli-
cable to small sections where adverse
conditions have been encountered. The
short sales here have affected trade very
largely, being, as one merchant puts it
equal to summer trade" Prices went a
notch lower TODAY
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02
NORFOLK PEANUT MARKET.

NORFOLK. Va Nov Peanuts duh; fancy
224; strictly prime, 2h; prime, eM2A: com
mon, low grades 110tas macbine picked.
| M@l4; Spanish 75Q77c per bushel
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02

Many SAL more but none cell better
pianos. at closer prices than John
Wright, Greensboro N. G.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02

sEABOARD STOCKS AND BONDS.
BALTIMORE, Nou. is, aboard Air Line
: ,mmon 2524@25s preferred 49N05O
BonGs-4's 824Q82R.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-11-02

LIVERPOOL, Nov LII p. M.-Spot cotton,
fair demand; prices were frmer; American
mjduling fair 23-32d good middling l1-32d I:
miduling l5d; low middling 4 5-l6i; good or
din iry4 i6d; ordinary l5-l6d.
The sales of the day were 1000 bales OF which
500 were for speculation and export and includ
ed $500 American. Receipts 1880 bales, includ-
ing all American.
Futures opened quiet and closed steady
4 l.,xn
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
MONEY FOR THE EAST.
A forty-iive Cent Coin Recommended for
Use In the Philippines.

kilograms from Washington say:
The President will ask Congress to pro-
vide Philippine currency to consist OF
a silver piece about the size of the
American dollar II will contain Is
cents worth OF bullion, and will be fur
nished in unlimited quantities to anyone
who IS willing to pay so cents for it. i:
is to be redeemable in gold at its face
value. The coin will be little lighter
in weight than the Mexican dolla..
which at the present price of silver
bullion is worth So cents in American
gold.
The primary purpose is to furnish a
circulating medium showing that the
United States is exercising all the func
tions of a sovereign. The immediate
necessity is created by the great scarcity
OF the Mexican dollars, the recognized
medium OF exchange in the Orient.
The American troops in the Philippines
and the 10000 foreign soldiers in China
have produced such a call for the Mex
ican currency that the shrewd Orientals
have taken to boarding it in hope OF
making profit. Mexico has also taken
steps to prevent the depletion OF her
stock OF money, so the trade situation
on account OF the scarcity OF dollars is
becoming very bad.
1t is the purpose. il Congress grants
the authority. to pay the soldiers in the
Philippines with the 5o-cent dollars, Civ
ing them two for one. All other gov
ernment obligations in that part of the
world will also be discharged with the
new coinage, so there will be no trou-
Bile in getting it into circulation.
1t is expected there will be a demand
for 100000 or 100000 worth per
month for quite q while.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
FLOODS IN ENGLAND.
Many Villages Isolated by Waier--Rairoads
Suspend Operations.

kilograms from London say: While
the gales continue on the coasts, floods
are causing havoc on the railway lines
and farms. The midlands are entirely
inundated. Railways are submerged to
the level OF the station platform, en-
gine fires being extinguished. Bridges
have been carried off and the overflow
ing streams have inundated miles OF
country. At Coventry the devastation
is greater than at any time during 80
years. A number OF factories have been
flooded. and hundreds OF the inhabitants
imprisoned in their homes. The town
OF Bath is endangered by the rise of the
Avon, which is 10 feet above the normal
Immense tracts OF land in several coun-
ties have been transformed into inland
seas, the inhabitants seeking refuge in
the upper rooms OF their dwellings.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
BOER INVASION Of CAPE COLONY.
COL0NlSTS ALARMED.
The Burghers Very Active Along the Western
Border Of the Transvaal--More Mounted
Infantry from England.

Such is the fear Of the Boer invaders
that the British battleship Monarch will
land guns as a precautionary measure.
The situation is undoubtedly serious.
The latest reports show il to be gener.
ally as follows:
Kuruman, il still uninvested probably
soon will be- Griqualand west Is filed
with small parties of Beers who are
working south toward Prieska for the
purpose of cooperating with or sup
porting Commandant Hertzog, whose
advance parties are in the neighborhood
of Fraserburg. The Beers are close to
Graai Reinet where, of late, the Dutch
have given many demonstrations OF ex-
treme sympathy. In the eastern part
OF the colony the advance guard OF the
Beers is close to Maraisburg, about rs
miles northeast of Cradock.
The general opinion in Cape Town
is that the position is not properly appre-
ciated in England Many old residents
regard general uprising OF the Dutch
as quite likely.
The Beers commanded by Hertzog.
Vessels. Pretorius and Nieuwenhaut
are continuing their march on Fraser
burg. 1t is reported they have arrived
at Sponberg. Looting continues. Com
munication with Fraserbury is suspend
ed. Col. Thorneycroft and Col. De
Lisle are continuing the chase, but their
horses and mules are tired.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
Farmers Had a Good Year.

Dun's review in its summary review
ing the business OF the year just closed,
says: The closing year OF the century
was remarkably satisfactory one for
farmers and planters. notwithstanding
the fact that some sections harvested
smaller crops than in preceding years.
While the south produced less cotton
than in the two previous record-break-
ing seasons, prices were the highest in
10 years, and the net profits made on
plantations were enormous. Spring
wheat States lost much grain, but
Kansas ndothcr large winter wheat
growers made big crops. and the aver
age price was high. In fact. the cereals
were all abnormaly advanced until
there occurred a natural loss in exports.
so that Russian ports were able to secure
much foreign trade that had belonged
to American producers. Corn was put
up to within fraction OF so cents here,
and speculative manipulation forced the
Chicago price still higher These oper-
ations had a naturally deleterious effect
on expectation and foreign surplus
countries reapcd much OF the benefit
from excessively inflated domestic mar
kets
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
PROVED A WINNER.
Refundlng Operations Close with an Annual
Gain Of $1,000.

Reiunding operations under the hnan
cial act OF March IL closed Monday, .le
books OF the treasury department hav-
ing been open to the exchange OF bonds
for nine and one-half months. Assist
ant Secretary Vanderlip says: The re-
funding has been successful. Holders
OF the old bonds, IS, IS and IS OF 1908,
1907 and 1904, respectively. have volun
tarily offered for exchange into rs, ap-
proximately S43o,ooo,ooo out OF $500.
600, 900, leaving outstanding OF this part
OF the interest-bearing public debt less
than one-half the amount subject TO the
law, The net saving to the government
oil interest is substantially SIo,7oo,ooo,
accomplished by the payment now cf
S42, 100000. which is really an anticipa-
ton OF $4,000 600 interest which would
have had to be paid within the next
eight years, in case the old bonds were
permitted to run to maturity. The 4
per cents OF 1907 have been exchanged
in greater amounts than any other class.
their total up 10 December 20 being
500 ,ooo. 900. OF the three per cents OF
zoos, Soooooooo were exchanged, and VI
the 5 per cents OF 1904, $40. 100000.
From March IA to date, 3o5 new
banks have been organized. OF which
ESQ were with capital stock less than
$4,000. ard us with a capital stock
over that amount. The aggregate cap
ital Of the former class was $7.272,ooo
and OF the latter $I2,65o. 600. a total ad-
dition 10 banking capital OF s2o,o22.ooo.
Bank note circulation in the meantime
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
CABLE FLASHES.

Unprecedented cold prevails all over
Europe and snow has fallen in Rome.
Snow is falling heavily over Central
Germany severely interrupting railway
traffic.
The German government will make
another attempt to have its canal bill
passed.
A fire at Baku. Russia, has destroyed
IS naphtha springs and three ware
houses.
The Duke OF York has been promoted
from captain to rear admiral in the
English navy.
Cape Colonists call loudly for more
troops, fearing that the Beers have been
strongly reinforced by Boer sympa-
thizers.
The czar OF Russia has recovered his
health and is able to take long walks
and drives daily
Empress OF China delays progress Of
negotiations bv insisting on changes in
provisions OF Joint note.
Archbishop Favier. vicar apostolic OF
Pekin, declares that the Pocs is not i'll
disposed toward France.
Russia had made an agreement with
China for the practical acquisition nl
Nanchuria two years ago.
CHARLES Alexander. grand duke Of
nimar. Is dead at Berlin. He
Weimar In I6l&
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
MORE GOLD AND SILVER.
Production In the United States Greatly
Increased Last Year.

Mint Director Roberts estimates the
production OF gold in the United States
during 1000 at 3,837,2r3 ounces, valued
at $7o32 ,28i, and of silver at 5o,6Io,5 543
ounces, valued, at the average price oi
OF cents per ounce for the year, at $50
362,46i. During 1900 the gold produc-
ton was $7I,o53,4oo, and the silver pro-
duction 54,7645oo ounces The Nome
gold and silver production for 1000 is
given as $5,Ioo,ooo and that OF the Klon-
dixie, which includes both the American
and Canadian fields, $22, ,287. 500. Colo
RADIO produced $50, 100000 in gold and
2o,2o2, 200 ounces of silver: California,
$I4377, 200 in gold and oI2,8oo ounces
OF silver; Alaska, $7,77I, 100 in gold and
3f8,4oo ounces of silver; Arizona, So
100000 in gold and 425o,ooo ounces OF
silver; Idaho, $2,o67.IS3 in gold and 4,
100000 ounces of silver; Montana, S.
i26,6I5 in gold and 100000 ounces OF
silver; Nevada, s., 600 in gold and I,
a2o,756 ounces OF silver; Utah, $4,237,726
in gold and o.5oo,ooo ounces OF silver
Washington, $826,873 in gold and 900,
600 ounces of silver; South Dakota, So,
oI76o4 in gold and 10000 ounces oi
silver; Oregon, $I715,762 in gold and
10000 ounces OF silver.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
GEAR IS TRYING CANCELLATION.
RUSSIA'S GAME.
An Agreement Whereby ST. Petersburg Will
Have Pro,eotorate OF a Manchurian
Pfovince-Concessions Made

In dispatch from Pekin DR.. Morri-
son gives the text OF the Russo Chinese
agreement for the Russian protection
Of the Manchurian province OF Fen
Ting. Russia consents that China shall
resume the civil government on certain
conditions which aim at aid being Sc
cured in railroad construction and in
feeding Russian troops.
Following his announcement that the
Chinese emperor has decreed the ac-
lister Conger cabled the State department
that the ministers had been notified for
mally, not only that the agreement was
accepted by the Chinese government,
but that the government felt able 10
guarantee a performance OF the condi-
tions imposed. IL is believed in Wash
ington that the result OF an endeayor to
have equable commercial treaties will
be the framing OF general convention
to be signed collectively by the powers
which will insure uniform treatment to
all. The arrest and punishment OF the
Boxer leaders is expected next.
In an interview Ii Hung Chang says
that the emperor is desirous OF comply
ing in all particulars with the demands
oi the powers. On the other hand, he
thinks the powers should order a cessa-
ton OF the frequent irritating expedi-
tions, which he looks upon as unneces-
sary and as doing deal OF harm.
The emperor, Ii Hung Chang as
scrts, is willing to punish all those nam
cd by .he powers by banshment to the
iurthest part OF the Chinese dominions,
on the northwestern frontier; and their
return, he declares will be prohibited
under penalty OF decapitation.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
Brazil Invaded by Ieutcn ms.

Germany in Brazil is a topic rarely
discussed in the press. and yet the Ger
man settlements in South America are
the most flourishing OF which the Fa-
therland can boast. Since the beginning
OF the present century German emf
grants have struggled against fearful
odds to establish themselves in South
ern Brazil, with the result that to-day
it is claimed that a quarter OF a million
inhabitants OF German extraction find
a comfortable home there. Large Ger
man colonies exist in Rio de Janeiro,
Bahia and other purely Brazilian places,
but the Germans almost call their own
the Brazilian provinces OF Paraua,
Santa Caterina and Rio Grande do Sui.
The Germans in Brazil may MT at pres
ent have either the intention or the wish
TO constitute themselves an independ-
ent political body. but the increase Of
Germanism in that part OF the world is
a factor that will Nc doubt one day be
felt-Psris Messenger.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
TO TRY AMERICAN coal.
Russia Buys Six thousand Tons for The Navy
May Order More,

Through Baron Fersen of the Rus
sian navy the Russian government has
purchased 0ooo tons of American coal
for trial by the vessels comprising her
Asiatic squadron.
This order is important, as, il the coal
proves satisfactory, it may lead to other
contracts being placed in the United
States. The only thing that will prob
ably initiate against the exclusive use
of American coal by the Russian gov
ernment is the enormous freight rate
that it has to pay to transport the coal
to Port Arthur. The coal purchased
by Baron Fcrsen costs only SAYS per
ton. but the cost OF its transportation
TO Port Arthur is $II.5o pei ton, max
ing the cost per ton $I4.25. The coal
now used by the Russian warships in
cludes English and japanese, but it IS
not entirely satisfactory.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
TWO FACTIONS CLASH.
Each VIII Issue PRONUNCIATION Of Sentiment
Regarding Cuba's Relation 10 the
United States.

The Cuban constitutional convention
is considering the promulgations OF the
future relations between Cuba and the
United States The first affirms an ac-
ceptance OF the Monroe doctrine and
the establishment Of friendly relations
with all nations, with resolution 10
proceed in all cases in complete accord
with the United States. 1t proposes to
put at the disposal OF the United States
portion OF shore of any bay on the
north coast and OF two bays on the
south coast for naval stations, together
with concessions sufficient in extent for
the purposes of defense and sanitation.
1t declares that Cuba will place herself
on a war footing to help the United
States in case assistance should be need
ed.
The other says that the aspirations 81
the convention are merely to consoli-
date the country for reconstruction The
first promulgation embodies the desires
OF delegates friendly to the United
States. The latter is counter check TO
the extremists. II is considered that
the former is likely TO carry.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
REWARD FOR PAT CROW.
The City Of Omaha Has Offered $4,000 for
His Arrest.

A specific reward OF $4,000 is now OF
fered for the arrest OF Pat Grove, and
nothing is said in the offer about con
viction The police of Omaha, Neb.,
are sending out 5000 circulars bearing
a picture and minute description ui
Grove. They will be sent broadcast,
and will also bear the description oi
two other men and woman, supposed
TO be connected with the Cudahy alb
duction.
The offer for Grove is made uncondi-
tionally,. the arrest and delivery to the
authorities. being the only requisite for
securing the reward. This will allow
no excuse Tor anyone refusing to turn
liim over on the score that he cannot
be convicted, and the police expect this
will greatly assist in securing his ar
rest
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
NEW YEAR FESTIVITIES
Led TO The Belief That the City Had Been
Atiacked-Assassin OF Baron Won
kettIer was Beheaded.

The advent Of the New Year and the
new century was celebrated in Pekin On
an elaborate scale The discharge OF
numerous guns at midnight created a
scare and many troops were sent to dis
cover whether the city had been attack
ed or whether il was a Boxer rising.
Gen. Chaffee held his reception in the
morning and Mr.. Conger received in
the afternoon. a feature which caused
considerable comment was a review OF
the British troops in honor OF Queen
Victoria and OF Australian federation.
to which all the nations we're invited 10
send representatives. The French were
conspicuous by their absence, not sin
gle Frenchman being present
The man who killed Baron Won Ket-
teller. the German minister to China. in
June last, was beheaded in the presence
OF large number OF spectators. His
name was Su Hal and the execution
took place on the scene OF his crime at
3 p. m. December 81.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
CHECkMATED A STRIKE.
A Scranton Company Oders the Affected Col.
Iiery Closed Down.

The 300 employees of the Mt. Pleasant
colliery of the Elk Hill Coal and Iron
Company at Scranton, Pa, are again
on strike, for the third time in a year
They decided to strike Saturday night
because the superintendent refused 10
give a driver boy the rate OF wages the
boy claimed he was entitled to. The
company anticiDatcd the strike by post
ing a notice that the collicry from this
date would be shut down. This will
save the officials from any dealings with
the union: The company will keep the
coliiery closed until the men rescinJ
their strike order.
Inc men threaten to call out all oi
the 1000 employees OF the II collieries
OF the Elk Hill Company il the lock
out is persisted in at the Mt Pleasant
mine.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
Explosion Killed Three.

Three men were blown to pieces and
half dozen others bruised and cut by
flying debris as the result of an explo-
sion OF dynamite at the works OF the
Repauno Chemical Company. at
Thompsons Point, N. J., a thinly SET
tied spot on the Delaware river The
men had been punching dynamite into
cight-inch paper shells for use in blast
ing. 1t is probable that the machine.
used in packing the dynamite, created
spark and set off the explosives. Off
cials of the company say the loss will
not be over $1,000.
The star. (Reynoldsville, Pa.) 1892-1946, 1901-01-09
A Large Increase Assured.

As the result OF the recent combina-
tions engineered by J. Pierpont Morgan,
eliminating in his purchase OF the Cen
trail Railroad OF New Jersey for the
Reading Company, the stockholders in
the corporations engaged in the anthra-
cite coal trade will pocket $a5, ,ooo,o 900 a
year in addition to their former profits.
The lions share OF this vast sum will
go to Mr.. Morgan and his associates,
John ID. Rockefeller and the Wander
bilts, who together coptrol lines which
handle S2 per cent. OF the total output of
5o,ooo,ooo tons Without any advance
to the consumer they will reap an ad-
ditional profit of so cents a ton.