davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1901-08-09
THE MARKETS OF EUROPE.
Firmness of American shares tn
Days Noteworthy Feature.

LONDON, Aug. s.-The noteworthy fea-
lures of todays stock markets were the
frmness of American shares and home in
vestments, and the dullness of Argentine
securities.
The Bank of England return is, in the
main, fcatureless, but is loked upon as
favorable. The decrease of nearly four
millions in the other securities27 account
reflects large repayment of recent borrow
ings by the market. Decrease ia, reserve
is a usual consequence of the holiday de-
mand for cash. .-s
Details of the weeks gold movement
show f140,oA0 in bars bought by the Bank
$50. 600 in soveregas received from Aus
tralia, and Gl9.cJ0 from China, against
G10.0G0 sent to Natal.
Paris exchange on London unchanged at
25 fir. 20c. Berlin exchange advanced Il
higher at 23.91.
London quotations today were:
The Washington times., 1901-08-09
THE CHICAGO GRAIN MARKET.
Corn Strong Under the Continuation
of Ind Adyices.

CHICAGO, Aug. S.-Wheat was irregl-
lar, advancing sharply early with corn on
local bull and commission house buying.
In the last hour there was sharp re-
action on an attempt by local bulls to
take profits The market closed with a
much easier tone. a Broomhall estimate
Of a 305,CJp,O9o French crop was u weak
ening factor. as well as the failure of
Liverpool to respond to our advance. be
ing only SAID higher; Paris. Z centime
lower. The cash demand here IS very
slow. The seaboard reported only eight
loads.
Corn opened stronger under the influ-
cnce Of the Price Current estimate of
probably 1900 $4,000 bushels. and the con-
tinuation OF bad advices from Indiana and
Illinois. Local shorts who had sold in an
ticipation OF decline following the Gov
Crument report were heavy buyers. There
was also some good professional buying
and especially OF December. The close
was easier in sympathy with wheat
There were no cash sales here or at the
scaboard.
oats were higher. hut not active, and
showed but little improved strength, the
advance being due chiefly to sympathy
with corn. The demand for cash WAS
strong, and all receipts were taken at fun
prices, lac to %4c over yesterday,
Provisions were higher early. led by
January lard. 4 local grain trader bought
5000 tierces. Packers sold literally
throughout the day. Lard held some i'm
provement, but pork and ribs were easy
and closed the same to slightly lower than
yesterday. The cash trade continues
rather quiet, although prices are easier
This will account for packers selling so
freely in the pit.
The Washington times., 1901-08-09
Wn.hinRton Stock ExchanRe.

Sales-U. S. Coupon 9's. 50oqloS 1-2. Cap
ital Traction, 130G102 Ia. Washington
Gas. 10q6o. Lanston Monotype, 125Q1l S-s-
After call-Capital Traction. 30dl2 IA.
Firemen's Insurance Company, 12qN.
Union Trust and Storage Company, 3g
10o 10
The Washington times., 1901-08-09
LOCAL BUSINESS NOTES.
Recent Advance I'm MergenthnIer
Attracting Attention.

There has been a welcome. even though
not important increase in activity in the
local stock exchange during the past few
days The number of transactions has
increased and the tendency of prices. ex-
cept in a few instances, has been dis
tinctly firm. AS compared with one trans
action the limit on two or three days in
July. yesterdays showing looks very well.
Two blocks of Capitalization, aggregat-
ing 160 shares changed hands at lG2i4, a
slight concession from the recent level.
No more stock was offered at that price.
and the bid was not raised. A small
block of Washington Gas was sold at so. Il
lot of Lanston at 1iss, lot of Firemen's 8
Insurance stock at q. and a small lot OF
Union Trust at lo9i2 There We also a
small sale of United States coupon 3s at
l0Sjz. Washington Traction was offered
at &C. and 81 was bid for II. The Mergen-
thaler bid and offer were l61 and l6S. re
spectively. GraphOphone was offered for
81. for the first time, the lowest forma!
offering Up to yesterday having been at
.. otherwise the bid and offering prices
were not new.
The Washington times., 1901-08-09
WALL PAPER.

WHEN THE FAMILY is out Of the city for the
summer it's good time 10 have the house pa
perci We are experts in this branch Of the
husiness-do the work artistically and eleanly.
Rooms papcred, 81 up. +. q. NOLfE, s2i 9th ST.
NV. eui-u
The Washington times., 1901-08-09
Government Bonds.

There WAS a fine upward movement in
the stock market yesterday. prices gain
The Washington times., 1901-08-09
FINANCIAL STATEMENT.

modified from the one originally mapped
out This plan, it will be remembered,
proposed that the present holders OF the
bonds should accept in lieu OF their hold
ings So per cent in new 4 per cent bonds
and IS per cent In new preferred stock
This plan also contemplated an assess
ment of Is per cent on the present stock
Of the company to cover the floating
debt. Some people say that the commit
the stockholders to submit to this assess
ment II the bondholders and stock
holaers are practically the same this is
probably not true. On the other hand,
If any large part OF the stock of the
company got into outside hands, for
practically nothing. it might well be that
this portion of the stockholders would
refuse to meet a large assessment.
There is still some talk of the proba-
bility that the receiver of the company
will be forced to ask for the sale of the
securities of the subsidiary companies
owned by the Washington Traction. or. in
other words, for a foreclosure. 1t was
hinted in + Street yesterday that some
such action is even now contemplated in
the proceedings before the Virginia court.
If this is actually to occur 1t will be most
interesting to learn what portion of the
underlying securities the present interests
will wish to bid in on foreclosure sale.
1t would seem that there could be no
other object in a foreclosure than the lift
ing of a part OF the load of the present
controlling interests by the sale OF some
of the properties at least to outside par
ties. One theory advanced is that the
Metropolitan. the Columbia, and the Great
Falls Railways will be kept and the
United States Electric Light Company.
This would mean the holding of the three
companies that have been profitable to
the parent company. and also the Wash
ington and Great Falls, which would be
utilized in the reorganization of the sys-
tenn. All such suggestions are. Of course,
merely conjectural.
The Washington times., 1901-08-09

MONEY TO LOAN at 50 to per cent, In sums
OF q, 600 to $1,000 on d. c. real estate; pay on
and per cent mortgages and begin anew; all
transactions conducted with economical eonsidera-
zion for borrowers WM. H. SAUNDERS CO..
l407 ST.
The Washington times., 1901-08-09

MONEY LOANED salaried people and retail mer-
chants upon their own names without security;
easy paynents. ToLMAN. Room As. Sos-9i1 U
st.
The Washington times., 1901-08-09

The recent advance in the price of
Mergenthaler and demand which seems
to be in excess of the supply have at
tracted some attention in f Street. 1t is
said, too. that the Boston brokers have
met much the same conditions, the bid
there. in fact. being, If anything, triiie
higher than here. No. particular reason
for the strength Of the stock is known,
except the possibility that the company
may declare an extra dividend at the
end of it's fiscal year. which comes with
September a dividend of per cent was
paid for the first quarter of the fisch year
and since that time the rate has been 2i2
per cent. II this rate Is continued the
dividend for the year VIII be lZte per cent
If any extra of 212 per cent Is declared
for the last quarter of the year the total
Will be - per cent. Nothing Is known. on
the outside at least, as to what the rate
will be. but there have been the usual
rumors. The earnings of the company
are understood to be excellent.
Nothing new is heard of the alleged
plan for the combination of the Mergen-
thaIer Company with the Lanston and
the Monoline, and the street generally
seems disposed to credit the last official
utterances on the subject made by Mer-
centhalcr officer, to the effect that the
MergenthaIer Company is not in any such
deal. matter Nlat tie ptESI wv NoIii
NAMES NAV be considering. IaESton STOCK
has been rather duh for IA few days. ana
the recent sharp advance to 10 Is not f"i.
lowed rapidly by further advances TO 10
and II. as many friends of the stock hoped
for.
The affairs of the Washington Traction
Company are again the subject Of com
uent The payment of the interest on the
City and Suburban bonds on August
has somewhat reassured the holders OF
the bonds. and the bid price has been
rather more confident since that date.
Serni-otIlcial statements from the com
pany that the recent earnings have shown
Il large increase also, perhaps. have
something to do with this one state
m.nt made recently was that the June
earnings showed a rate sufficient to pay
all expenses. and the irtcrest on the AZ
pcr cent bonds with isomething over. In
TACT. about S.e1 This would equal
s24 O0a for the year over the collateral
bond interest 1t m;jst be remembered.
however. that June is on'f of the best. ii
not the best. month IN the year and that
The rate for the entire year VIII. of
course, not be equal, to this. However,
the fact that there is good Increase is
most gratifying. rfE
Little can be learned as to the plans of
the bondho!dsrs' committee. One of the
directors of the companyaa few days ago
made the statement as c2ming from the
committee, that the plan is still incom-
The Washington times., 1901-08-09

HERE IS your opportunity to procure loan
on your furniture piano from private party
at low rate. Address BOX 100. this office.
e20-tf
The Washington times., 1901-08-09

Little can be learned as to the plans of
the bondholdsr re- comnittee. One of the
directors of the c1mpany.a few days ago
made the statement as Coming from the
committee, that the plan is still incom-
plete and that 1t has been somewhat
The Washington times., 1901-08-09

MONEY To LOAN ON APPROVED Co.LAr-
ERAL-No delay. CHARLES A. BAKER Rooms
10 and a. Metzerott Building lilo z ST.
The Washington times., 1901-08-09
s Al A r Y

Money to lend furniture and
pinnos; lowest rates. MASTERS *
CO., Room "a, Warder building.
The Washington times., 1901-08-09
Chicago Grain and Provision Market

Corrected daily hv ". q. liihhs d Co.. men,
hers of the New York Stock lAciamsr,. lac y
Street
The Washington times., 1901-08-09

ing from point to three or four points
in the active securities during the early
part Of the day. or in fact until the last
hour, after which there was some reac-
of the advance this month. 1t is impos-
sible. of course. TO say that today will
show n further gain. or that tomorrow
will, but careful people believe that there
will be an upward tendency in all proba-
bility and that the level a week or two
from now will be much better than the
level of yesterday morning. Prices have
had their tumble on the failure of the
corn crop and on the strike of the steel
workers. The next movement. or rather
the present one. is discounting the ending
of the strike and the better condition of
the corn crop. The weak people have sold
out their securities. The bears have all
gone short The change comes because
the strong people have the stocks and
the little people are either out of the
market or short of ii.
The Washington times., 1901-08-09

The Nickel Plate Issues were again
buoyant. The story that the New York
Central has a plan in connection with
this line that will be beneficial to the
stockholders perhaps had some influence
on the stocks. Big Four was also ad-
vauced. on talk Of guarantee OF per
cent dividend for the stock.
There was a story in the street. yester-
day that the Mexican Central and MeXi-
can National are to be combined, or at
'oast worked in harmony, in the future.
4 community of interests arrangement
seems not unlikely. These securities are
believed by many conservative people TO
hc good purchases on the declines.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-20
TRAFFIC IN COCAINE.

The traffic in cocaine has grown to
such an extent in Atlanta that the city
council has passed an ordinance requiring
purchasers of the drug to furnish doc
a bad idea for some other cities.
There can be no question of the fact
that the vice of cocainism is spreading
alarmingly among all classes. Once it
was considered an aristocratic vice, but
with the cheapening of the drug it is
being freely bought by the poor as well
as the rich. A one-ounce package, which
less than five years ago cost about S.,
can now be purchased for rs cents, and
even cent packages are sold. Also
many popular proprietary remedies con-
tain cocaine in large quantities. 1t is
almost a specific for catarrhal troubles,
and though using it as aremedial agent
unconsciously many persons, charmed
with it's speedy and delightful results, be-
come addicted to it habitually, and finally
become slaves to its use. Its first effects
in small doses are to create feeling OF
citation, of greatly increased mental and
physical superiority and of freedom from
care and anxiety The morphinist finds
in it a substitute to relieve the sense OF
depression following the use of that mar
cotic. The hard drinker is charmed with
it's effects, as his depression yields to a
sense of citation and abnormal exaltation
But in the use of cocaine there follows
a sure reaction, and there is said to be
no specific for the cure of the habit
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-20
THE EDUCATIONAL CONFERENCE
1t Will Greatly Aid the Work of Education in
North Carolina and the Entire
South

coed that they exhibit in their business
affairs of life They treat education as
a business investment. and study it
with all interest.
The conference will greatly aid edu-
cation in North Carolina. Our own
educators here present and our people
generally will be disposed to give To
educational matters a more careful and
systematic study after seeing SO many
of Americas leading thinkers, writers
and philanthropists come so far to help
us study and solve our problems; and
after seeing the thoroughly business
like methods employed by these men
in educational study and work.
Our chief trouble is that we have al
lowed educational matters to drift, to
shape themselves, to work out their
own results. Our people have been
either optimistic or pessimistic or in
different. Instead of being active, per-
sistent, hopeful vigilant and unremit-
ting in the study Of educational prob
lens and working out of educational
systems, we are too disposed to "let we'll
enough alone" The conference means
friendship between Northern and
Southern leaders of education, and
progress and zeal in Southern work.
GEORGE r. WINSTON.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-20
FOR A LIBRARY BUILDING.
Movement Inaugurated in West Durham
Lecture by DR.. Kilgo.
Especial to News ana Observer)

Especial to News and Observer0
Durham, N. c., April 19.-Prof. Je-
rome Dowd lectured in West Durham
last night it being the last of the Sc
ries of lectures by the faculty OF Trim
ity College. His subject was ''PoliticaI
ECONOMY" After the lecture COM
mittee was appointed to look into the
advisability of erecting a library IN
West Durham. A public library was
established in the village some eighteen
months ago and there is now on mana
small collection of books. In order
to create more interest in the matter,
the move to erect home for the library
has been established. Something den
mite will be done about the matter IN
short while.
DR.. ]. c. Kilgo, President OF TRINITY
College lectured at the court mousse
this evening, his subject being lnspl-
ration of the Bible" This was the be-
ginning of a series of lectures 10 pc
delivered at the court house TINS spring
by the faculty of Trinity me suoJect
tonight was the same on when Dr' Ill
go spoke in a series of three lectures
in Charlotte. A lecture will be given
on each Friday night.
c. w. league has been appointed
postmaster of West Durham otflce to
succeed o. S. Smoot, who recently re-
signed. He will enter upon his duties
at once. Beginning with this appolnl-
ment the office is to be mace a money
order office.
Mrs. Dora Brewer and Mr.. kenney
Royster were united in marriage at the
parsonage Of the Second Baptist church
last night Rev. G. ]. Parker officiated.
Next Sunday evening Prof. A. II.
Merritt will lecture before the Ladies
Missionary Society of the Methodist
church in West Durham on the mission
movement.
Col and Mrs. H. ]. Bass lett TINS
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-20
THE SINNERS AND THE TRUST.

People who dwell in the land Of corn
and mountain dew are not pleased with
some things that they now see. For in
stance there's Judge Boyd's announce
ment from the bench at Greensboro that
all persons convicted of violating the
revenue laws will receive the full penalty
Of the law; that the end of compromises
has come and straw bonds must be no
longer received by United States Com
missioners. These rulings are causing
CONSERVATION in some sections, and have
moved the editor of the Wilkesboro
Chronicle to call on his readers ito stop
the liquor business while they can" He
adds:
The trust is in the saddle and small
fry must step aside. The fact is, no man
outside of the whiskey trust can safely
conduct any kind of liquor business, and
the sooner they quit it the better"
And has it come to this, that the Trust
is to throttle the sinner and the Money
Power is to obstruct the free flow of un-
stamped mountain dew? We refuse to
believe it,
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-20
THE M'LAURIN PLATFORM.

AS was expected, the Manufacturer
Club banquet at Charlotte developed
a decidedly political aspect through
the speech of. Senator McLaurin, Of
South Carolina. who declared his plat
form for the first time since his deser-
ton of his party in Congress to vote
for expansion and the ship subsidy bill
Though elected as a Democrat, and still
declaring his Willingness to fight with
in Democratic Zines" he denounced
what he calls the New Democracy;
and that he no longer has any SYM
pathy with the policies of what he
would term the old Democracy, he
showed plainly throughout his remarks
by advocating revolution in the polit-
ical principles of the South in the diree-
tion of expansion of territory, indus
trialism and on other lines. On these
questions he is an avowed supporter o.
the Mckinley administration.
The following paragraphs from his
speech give an idea of the new platform
of principles that Senator McLaurin
would have the people Of the South
adopt:
The time is passed for discussion as
to whether this government is to be
consolidated in it's structure or a loose
aggregation of so-called sovereign
States. The Civil War settled that
"Itsis useless to discuss the question
of whether this is to be a purely theo-
retical Democratic government or an
expanding and giant republic. The
Spanish War settled that. Why not,
then, accept conditions as they are and
make the most of them?
"Tu my mind it is folly to oppose ex-
pansion ander the name of imperialism.
With brave, strong, intelligent people,
with a free press and popular education,
there can he no.imperialism.
II is folly togattempteto dwarf great
national and international issues into
mere questions of party policy; it failed
in the last campaign and will fail every
time it is tried
why should We move along in the
same old ruts, and insist that political
policies and old traditions, long since
dead, are vital living issues, and de-
pend upon them for salvation of the
South?"
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-20
A FLOATING EXPOSITION.

The United States is now considering
the advisability of doing on large scale
what North Carolina has been doing,
though in a much smaller way, for
many years, with splendid results. 1t is
proposed to send around the world a
floating exposition of American products
and manufactures. The idea is a good
one A Charlotte man put it in operation
in this State half dozen years ago. lie
had a long exhibition car built, the exte-
rior and interior decorations of which de-
picted North Carolina scenes. He stocked
it with exhibits from all parts of the state
The advertising and much of the ex
hibit space was taken and paid for by.
counties, cities, boards Of trade, trans
portation lines, land, agricultural and
manufacturing enterprises and9 by indi-
viduals in a personal capacity. 1t was
supplied, too. with NTH Carolina liter
allure maps and pictures, and was kept
moving through most Of the United
states and CANADA as NeTlh Oaloiih"
on Wheels
But even the North Carolina man was
going in the wake of another-an enter
prising Rhode Islander who had several
years before fitted up car with exhibits
from the State of Florida and gone over
the country with it as a sort of Rolling
Exposition" Both Of the cars were
financial success.
The ship exhibit now proposed by Uncle
Sam is to be on much the same plan,
but it will be, of course, a more preten-
tious project, broader and more compre-
hensive both in it's plan and the proposed
field of its operations, and greater in its
commercial possibilities.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-20

morning for Lynchburg to attend the
funeral of Mrs. DR. j. Powell Graland.
who died quite suddenly in Richmond
late yesterday afternoon. Mrs. GralaHd
was a cousin of Mrs. Bass
DR.. Arnold Frand, veterinary sur
geon, left this morning for New Orr
leans and from there he will go to South
Africa. DR.. Frank has been employed
by England to accompany a transport
load Of mules to the seat of war in At
RIGA. He will be gone two months or
more.
Rev. G. D. Langston,, who has been
assisting Rev. Mr.. Mcfarland in a Sc
ries of meetings in Wake county, re-
turned home this afternoon.
News comes from Baltimore that Mrs.
w. A. Farris, who has been under
treatment at the Johns Hopkins Hos
pital for several months, is much bet
ter
A recital was given at the Southern
Conservatory of Music this evening by
the smaller pupils of the school
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-04-20

This is the first public gathering ever
held in the State for the discussion OF
Southern interests in which the chief
participants and a large share OF tbs
attendants We're Northerners. A re-
markable gathering it is! DIR. Lyman
Abbott, DR.. Charles H. Parkhurst DR..
Albert Shaw, Bishop Doane, Col. Fran
els w. Parker, Mr. Robert c. Ogden,
Prof. Francis Peabody, of Harvard,
Dean Russell, of Columbia. President
McAlister, of Drexel Institute, Presi-
dent Backus, of Parker Institute. be-
sides all the leading educators of North
Carolina and many, from Virginia. Ten
nesssee, South Carolina and Georgia.
The Northern party come as the
guests of Mr.. Ogden in special train
to see the State, to confer with our edu-
Gators, to tell of educational methods
and problems already met and dealt
with in the North. They exhibit the
most earnest desire to learn the status
of things here, and most kindly and
most gentle spirit of sympathy with
Southern problems and Southern strug-
giles for their solution.
These men carry to the study of edu
cational problems and the management
of school affairs the same intelligent
system, the same determination to sue