davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1901-06-11
THE TRADE IN CHICAGO.

Chicago. June 10 (SpeciaD.-The June government
report made the winter wheat CONDITION SIS the
spring wheat condition 90. and the spring wheat
area l5.6so0oo acres. The government figures sug-
gest a total winter and spring wheat yield OF
617.0ooo0o bushels, which Is considerably less than
the private estimates. Wheat traders assumed
while the market was going that the government
crop report would be a bearish document They
also took IL for granted il would not show the
situation il really was. because IL would
reflect the Improvement since June l. Wheat
showed steadiness for WHILE helped by large
clearances. 10000 bushels; by decrease in the
visible of 1,SioNO bushels. and by decrease on
passage of 10S6,0O0 bushels. The weakness that
New-York tribune., 1901-06-11

for short bills 2sd2 1916 per cent: long bills. 2s
a. per cent. Berlin discount rate 3as per cent for
three months bills and per cent for short biils
T2erlIn exchange on London 80 marks 4414 pfenngs.
Paris exchange on London. % francs "a centimes
Paris discount rate. 224 per cent.
FOREIGN SECURITIES.-Britis consols for
money 93 lie: for the account, 9Sls; Spanish As
in London 7Os4 French rentes, 101 francs 20 CEN
times.
THE SILVER MARKET.-Bar silver, 599.c: Mex
lean silver dollars, 4sc. Bar silver In London
closed at 271zd.
GOLD PREMIUM.-In Madrid 1892; Lisbon
20 80: Ruenos Ayres 1873 70 Rome. SO.
GOVERNMENT NEUTRALITY-SUSPICIOUS. receipts
reported from Washington, s555. .425; internal reve
nue. receipts 81. 756. 30; miscellaneous receipts
s1O06l3 Total receipts for the day, S2.4O25S4 eX-
penditures 81, ,4s4 600 Receipts for month to date
Sl6 6s III: expenditures s1Ls10Oo0: excess of re-
ceipts. 81 s75 III Receipts for fiscal year to date
1852 2OO172 expenditures s4SS 737.266 excess of re-
ceipts. S63 462, 800. Receipts of National bank
notes for redemption. S567.991.
New-York tribune., 1901-06-11
WALL STREET AND EXCHANGES

FOREIGN TRADING.-London prices were weak
and foreign houses sold balance In the local
shares.
STOCK LOAN QUOTATIONS. Loan quotations
Were: Rock Island. 2; Atchison common and pre-
ferred. Chicago, Burlington and Quincy People's
Gas. Amalgamated Copper. Anaconda, General
Electric. Missouri Pacific. New-York Central
Northwestern, Southern Pacific, Northern Pacific
preferred. Reading first preferred st. Paul. Sugar
Union Pacific common and preferred American N
Tobacco common, Continental Tobacco common
Manhattan. United States Leather preferred
Brooklyn Rapid Transit Delaware and Hudson
Tennessee Coal and Iron, Western Union. Southern
Railway preferred, Louisville and Nashville Balti
more and Ohio common, Erie. United States Steel
common and preferred. and Wabash preferred &
MISSOURI PACIFIC.-A director of the Missouri
Pacific quoted saying that dividend meat
ing in sight. Reports continue that a diyi-
New-York tribune., 1901-06-11
MONEY AND EXCHANGE.

MONEY MARKET.-Money rates follow: Call
money 21Sd5lz per cent, ruling rate per cent
Time money 81 per cent for sixty days. 5ls0t4
Der cent for three months and 5s.G4 per cent for
four and six months railroad collateral Com
rnercial paper skG4k per cent for three. four and
six months for the best names and above for
names not so well known.
FOREIGN EXCHANGE.-Market steady. The
supply OF bills was somewhat below the usual
Monday offerings. but at the time very
light demand reported. The principal feature
OF the market was the sharp advance in sterling
in Paris. which quoted 25.2fb4c. an
advance OF centimes over Saturdays Quotation.
This is an indication Of q much easier money mar
ket in Paris. which has led TO extensive buying of
sterling at that centre. and which has resulted in
the absorption of all the available sterling bills in
that market Actual closing rates follow:
New-York tribune., 1901-06-11
Outside SECTRITIES.

The outside securities market closed dull and
irregular Consolidated Tobacco As were firm and
active upward Of 100000 changed hands from 7S
To 72Ia Seaboard Air Line bonds were strong ad-
vancng S3iz, but lost a fraction of the gain
before the close, Denver and Southwestern issues
a fraction lower; the bonds sold at 9612 Otis
Elevator common sold at 80. Tennessee Copper was
firm around %. British Columbia Copper sold at
l6i2 Union Copper sold 67s. American Can
issues were quiet and a shade off. There little
demand for bank shares
New-York tribune., 1901-06-11
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BoNDs-Market steady. Fina

RAILROAD BONDs.-Market firm. Total sales
amounted in par value s23349O0, against S.472ooo
on Saturday. The heaviest dealings were in the
Atchison issues Baltimore and Ohio 4s Chicago
and Alton slzs Colorado Midland LIST 5-4s, Colorado
and Southern LIST Is. Missouri. Kansas and Texas
LIST IS Northern Pacific IS. Norfolk and Western
As Reading general IS ST. Louis Southwestern
lists and DDS. Southern Pacific As. Texas and New
Orleans As Toledo ST. Louis and Western IS. and
wabash debenture Bs.
New-York tribune., 1901-06-11
NORTHERN PACIFIC RULING IN LONDON

London, June 10.-The Stock Exchange Committee
for General Purposes to-day decided that the buy
ing in of Northern Pacific may proceed on and after
June l.. The decision was anticipated and Is not
expected 10 have any effect the market All
accounts in Northern Pacific practically set
tied and there is further difficulty in borrowing
shares.
New-York tribune., 1901-06-11
AMERICAN SECURITIES ABROAD

London June 10, p. m.-The market for Ameri-
can securities weak with a sagging tendency
throughout the day. In the late trading New
York bought and quotations closed hrmer. Final
prices follow: Atchison SSI4; Canadian Pacific
1861; St Paul 1894: Illinois Central. l4s; Louis
Vile and Nashville. l11s4; Union Pacific preferred
s2h; New-York Central, 159; Erie. 43s.. Peunsyl-
vania. 76i7: Reading 23ls, Erie LIST preferred Il (;
Northern Pacific preferred 100: Grand Trunk lles !:
Anaconda 97s. ard United States Steel 5Ole: do
preferred lO0l..
New-York tribune., 1901-06-11

The surplus for the year is credited to general
Improvement fund be used for permanent i'm
provements and betterments
New-York tribune., 1901-06-11
PERE MARQUETTE.

The annual report Of the Pere Marquette Rail-
road Company for the year ended December 81.
1900, shows the years results compared with the
combined earnings of the lines included in the
system for the preceding year follows:
New-York tribune., 1901-06-11
STOCKS CLOSE STRONG.
EARLY PRICES DECLINE.
MONEY MARKET PROSPECTS BRIGHT
EXCHANGE CONDITIONS

Closing prices yesterday of the principal active
securities and net changes from Saturdays final
New-York tribune., 1901-06-11

DOMESTIC EXCHANGE.-Domestic exchange
New-YorE follows the places named /:
ew-Orleans-Commercal. soc discount; bank 81
premium. San Francisco-Sight l2lzc: telegraph
15c. cincnnati-Between banks. 30c discount: over
the counter soc premium. Boston-Par. Chicago
Sc discount. charieston-Buying. par; selling xc
premium Savannah-Buyfng. Lice discount: SELL
ing. 75e premium per $1,000.
BANK CLEARINGS-New- York - Exchanges
SlS5.45l.56o; balances slo.2s0 s03 Boston-Ex-
changes. s1624s.6ss; balances 81 7i3 22e Philadel-
ph;a-Exchanses. s13, ,a97 $50; balances 81 22e sss
Chicago-Exchanges. s25.459 e32; balances 81 7o5-
2zs Balnmore-Exchanges S3.o1s 21o: balances
H1S657 "4i'ee'
FOREIGN MONEY MARKET-call money IN
London. ld1H Der cent Open market discount rs,n
New-York tribune., 1901-06-11
COLORADO SPRINGS STOCKS.

Closing quotations the Colorado Springs MIN.
ing Stock Exchange. furnished by William P Bon-
bright & Co. of Colorado Springs:
New-York tribune., 1901-06-11

Bklyn T Isl Con 5s. 1915 g.
do stock.
do stock. NEUTRALITY-SUSPICIOUS..
Hob F 1st mtg IS, 1916. 49,.
y Y e. E r Ferry Co stock.
do LIST mtg IS. 1923.
NY e. HF 1st gn mg 5s. 1915
10Th e. 23d ST 1st mg IS. 1910
Union F Of y Y & B 5s- -
do stock. ......-...--..
NY & Nj F LIST mtg IS. l94S
New-York tribune., 1901-06-11
FERRY COMPANIES.

Furnished by c F. rockingham No. 20 Broad-stJ
Int period Bid Asked.
New-York tribune., 1901-06-11

Bay State Gas Co........-.
Bing Gas lst mtg IS. 1898.
do stock Observation-Disclosures.
Buff c Gas LIST mtg IS. 1a47
do stock $1,000
Colum Gas Co LIST IS. 1882.
y G & E Co LIST Con 5s. 1876
do stock.
Fl " Gas Co LIST 6s. 1928. =.
Grand Rapids G L co ia.
do lst IS, 1918. .......
lndianap Gas lst %. 1920. D..
Lafayette Gas LIST 5s. 1924. .
L & W Y Gas 1st 6s. 1925.
do stock ..........
Mad G & f Co LIST 6s, 1925
y f C & c 1st mtg 6s. 1926.
do stock. Observation-Disclosures.
Ohio & I @ lst mtg IS. 1929.
do 4 p c new )-.........
Syracuse G lst mtg 5s. 1885.
do stock. ock......-.-...
81 Joseph Gas LIST IS. 1887. .
do stock Observation-Disclosures.
81 Paul Gas Con SIS. 1914.
do stock k.-...........
West G Of Milwaukee, 8 p c,
do lst IS. 1883. ...........
New-York tribune., 1901-06-11
THE FEDERAL TREASURY.

Washington, June 10.-The condition of the Treas
ury. divisions of issue and redemption, the
beginning of business to-day was as follows:
RESERVE FUND.
New-York tribune., 1901-06-11

STREET RAILWAY COMPANIES.
NEw-YORK
FURNISHED by c. F. rockingham 20 Broad-st)
New-York tribune., 1901-06-11

r s & FIR r c LIST Is. 1909
b & 7th Ave r r Co 10 p c..
do LIST 5s. 1904. 4.........-..
do I'd IS. 1914. ........
B'way s r r Co LIST SIS. 1924.
do Cd SIS. 1905. ........
c p n & Z r II r Co stock
y . c.
d d z r & B r r Co LIST
SIS, 1882
do scrip 5 p C. 1915. ......
sth Ave II r Co 15 p c..
42d ST NJ & st n Ave r r
Co LIST 6s. 1910, 0,.,....-..
do g p inc. 1915. .-..--.-
do stock. ........-----.
9th Ave r r Co S . C. ...-.
ID Ave r r Co 8 p c--..--
do con SIS. 1909. 9..-...-..
do LIST con 5s. 1913. .......
9th Ave r r Co Z p Co.
s Ry Co o. I c. 1st 6s. 1922.
New-York tribune., 1901-06-11

Bankers posted rates were:
New-York tribune., 1901-06-11

| lat period Bid. Asked
New-York tribune., 1901-06-11
SALES AT THE STOCK EXCHANGE.
RAILROAD AND OTHER STOCKS.

Actual sales l-Closing-l Shares
Open High Low. Fin Bid. ASK. sold
New-York tribune., 1901-06-11
BOSTON STOCKS.

FURNISHED by r. L. Day & Co.. No. Nassau-st3
June S. June 10 June 5. June 10
The Washington times., 1901-07-28
The Lady-Bug Trust.

Natural history is now being taught
by commercial methods in western
Massachusetts. Until recently, the bu-
collie inhabitants of that region regard
ed lady-bugs as harmless if not alto
gether attractive insects, and paid them
no particular attention. scientist
however, claims to have discovered that
they are useful for police duty, and has
set about securing large consignment
of them TO send to South Africa, to eat
other bugs that eat crops. Awakened
to a sense of the value of this uncon-
sidered trifie, the Berkshire farmer now
objects to the lady bug trade. If the in
sect is good to preserve crops in South
Africa it must be good for that purpose
in Massachusetts. and there is talk of
forming a lady-bug trust to prevent the
injury of Massachusetts farmers
through the extinction of that humble
insect.
The principle of bug fighting bug in
the interests of agriculture is compara-
lively new, and is one of the most i'm
portant differences between modern
scientific farming and the old-fashioned
kind. The oldfashioned farmer never
bothered himself about disturbing the
balance of nature. If an insect or an
animal was injuring his crops he got rid
Of it in the quickest and easiest way he
could think of. He got on all right, but
the reason was that he was not big or
powerful enough to trouble the balance
of nature. When European land was
reclaimed from the forest and brought
under cultivation the process WAS so
slow that nature adjusted herself to the
artificial conditions. When the western
half of the United States underwent the
same process it ali happened in a gem
Grafton.
The scientific farmer nowadays is not
content with destroying nuisance. He
seeks to destroy it in a way which viii
not create another nuisance. He knows
that the crow eats corn about as fast as
the farmer can plant It, If not interfered
with; but he also knows that the bird is
only a hindrance during the brief period
of planting, ard that all the rest of the
year he lives ON insects which would
otherwise subsist on the farmers vege-
tables. Therefore, to Kill off all the
crows, while it saves little trouble in
4,;ay, results In a veritable plague of
Egypt all through the rest of the sum-
mer; and it is considerably harder to
hunt insects than TO shoot birds.
The spraying Of the Infested plants
with poison is perhaps the easiest way
of killing off the various bugs that de-
stroy them. but it has the disadvantage
of being somewhat dangerous to human
beings: and in the case of lettuce, to-
matoes, and fruits which are exposed
to the poison, this destructive agent is
out of the question. The process of per-
sonal examination Of all the vines and
The Washington times., 1901-07-28
THE OATH OF ALLEGIANCE.

In adhering to the form of oath pre-
scribed by the military authorities for
administering to judges appointed to the
newly organized courts of the archipel-
ago. Judge Taft followed the spirit of the
decision of the Federal Supreme Court in
the insular cases. The new officials will
not swear to uphold the Constitution of
the United States. but to support the
laws of the Philippine Islands. Those
laws may be in accord with the Constitu-
ton of the United States or they may not
be. If an official or judge swore to up
hold the Constitution of the United States
he would find that under the Supreme
Court decision he could not uphold that
section of II which provides that all du-
ties on imports shall be uniform through
out the United States. Judge Taft was,
therefore, Obliged to let the military oath
stand. and SO prevent a misconstruction
of the oath.
The form of oath which would meet the
requirements of the case would be some
thing like this:
Il hereby solemnly swear to support
the laws of the Philippine Islands, and all
that portion of the Constitution of the
United States which does now or may
hereafter be found to apply to the archi-
pelago, and to accommodate my obliga-
tions under this oath to the tortuous
methods and the sinuouS reaSoningS OF
the United States Supreme Court, and to
discharge the duties of my office to the
best of my ability, and may the Lord have
mercy on my soul IL l don't."-Detroit
Free Press.
The Washington times., 1901-07-28
The warning to England.

The hitherto hidden danger to which
England is exposed, in connection with
the South African war, was disclosed
Friday night in the House of Commons
in a speech made by Mr.. Gibson Bowles,
Conservative member. His utter
ances have created a deep and serious
impression in the United Kingdom, and
seem to strengthen the belief, already
more or less general, that the report of
Kaiser Wilhelm's intention to mediate
or interfere in the Boer interest was
well founded.
In his speech Mr.. Bowles solemnly
warned the Government that if it Gid
not secure peace in South Africa be-
fore next spring the Empire certainly
would be called upon to face European
complications of a most dangerous
character. He declared 1t to be within
his knowledge that negotiations had
been proceeding on the Continent for
SIX months and were still active, with
the object of inducing or compelling
peace. In view of these conditions. he
said that England could not go on out
raging the feelings of the great Pow
ers without paying a heavy penalty.
The negotiations TO which Mr.. Bowles
referred, il is understood, were initiated
by Prime Minister Dekuyper, of Hol-
land, aided by Queen Wilhelmina.
They are believed to have been success
full to the extent of interesting the Ger
man Emperor and the Gar of Russia.
Mr. Bowles. whose startling statements
are corroborated by Mr.. Edmund Rob-
ertson, q former Liberal Member of
Parliament, said that the negotiations
in question had progressed SO far that
England could no longer safely ignore
them.
The results of this disclosure are sure
ito be important, and may be far-reach-
ing. One immediate consequence will
be that the war spirit of the Beers will
be revived. and their confidence IN a
final peace which shall restore their
independence will be greatly strength
ened. We may look for them to make
harder fight than ever after they
learn of what has happened in the Par
lament House of their enemy, and the
British Government will find its South
ed. In the face Of such situation as
Mr.. Bowles has made clear to the world
We do not see how 1t can refrain from
action of some kind. Should 1t remain
apathetic. the chances are that one of
these days joint demand from Ger
many and Russia for cessation of hos
Titles and the submission of the whole |
South African case to a Congress of the |
Powers, might turn up at the Foreign |
Office, and then the humiliation of En- |
gland would be complete; for such |
demand could not be rejected except at |
the cost of war. and war with any |
frst-class European State is something |
that England hardly would dare 10 un- |
dertake, circumstanced as she is 1t |
is Lord Salisbury's turn TO move. The |
world will watch for him to do so, and |
will observe his play with intense in i
terest.
The Washington times., 1901-07-28
The wooIen Trust. New Move.

In the present aspect Of the trust
question in the United States, every
business move Of any leading trust is a
matter of general interest, and particu-
larly so when the move has a direct
bearing upon the price of the commodi-
ty In which the trust deals. 1t is not
strange, therefore, that the recent ac-
tion of the American Woolen Company
In reducing prices on its various lines Of
goods, is attracting a great deal of at
tention. The reductions range from
seven to twenty-five per cent. This
company, which is usually termed the
Wool Trust, owns twenty-seven mills,
and the reductions necessarily affect
immense quantities of goods.
The reasons for this heavy cut in
prices are not publicly stated, but no
one will readily believe that they are
intended for the good of the public.
The trust was organized to make money
-as much money as possible, and when
1t takes action that upon its face locks
like throwing away of profits we may
be SIRE that it is either done under
some sort OF compulsion, or that there
IS an ulterior object in view
The fact is well known that for some
time past the woolen industry has been
considerably depressed, and 1t is quite
possible that the trust was overstocked
with goods. which 1t was advisable to
get rid of even at reduced rates. But
this alone can hardly be accepted as a
full explanation. AS a means CT reach
ing the profits at which they aim, tie
trusts are always desirous of crushing
competition, and the natural effect of
these reductions viii be to cripple and
weaken the Woolen Trusts smaller
competitors. 1t Is not at all improbable
that this move Is intended for that pur-
pose. and thus give the trust a firmer
hold upon the woolen trade. In order
70 carry out its policy, trust must be
able practically to control the supply
Of the commodity or commodities which
IL produces, and it may easily be that
the American Woolen Company has not
quite reached that point, and wants
either to purchase or to close few
more mills.
In this connection the highly signif-
cant suggestion has been made that the
action OF the trust will tend 10
strengthen the movement for free wool.
The question whether there should be
duty on wool, and IL SO, how much, has
long been the subject OF sharp contro-
versy In the United States. II is one
upon which there are wide differences
OF opinion in both political parties. But
aside from the merits of the question,
1t is part of our political history that
In order TO secure what they deemed
ample protection for their interests, the
wool growers have almost to a man
The Washington times., 1901-07-28
What About MacIayf

Although the moving cause of Rear
| Admiral Schley's request for a court
| of enquiry was the charges of incompe-
tency, insubordination, and cowardice
| contained in the third volume of Ma
clay's history of the Navy, it does
| not escape public attention that not a
word concerning them is said in the
precept issued by Secretary Long for
the guidance of the tribunal.
Already we have called attention to
the fact that the document in question
appears to treat the victor of Santiago
as if he were g prisoner at the bar
under indictment. The precept upon
careful analysis also seems intended to
lay the foundation for greater or less
confusion of the general issue involved
in the case If Admiral Schley's enc
mics had intended to throw out drag
net in the hope of catching him some
where, the text of the precept would
look very much like the result of such
an ec'ort
The Navy Department. and particu-
larry the Navigation Bureau ring,
woul1 be hearing great deal more on
this subject than they are, We're it not
for the abiding confidence the American
people feel in Admiral Dewey and his
fearless sense of justice and fairness.
Whether we happen to be right or
wrong concerning the animus which ap
parently underlies parts of the precept,
there is no reason for doubling that the
navy ring conspirators have used and
will use all their influence to obscure
the events of the sea battle of San
tiago which was so splendidly COM
manded, directed, and won by Admiral
Schley, and to give excessive promi-
nence to relatively small matters and
differences antecedent TO it.
We have not the slightest occasion to
doubt that Admiral Schley will be able
to confound his traducers and persecu-
tors, as to each count of the untrue bill
they have, found against him; but, sup
posing the court should find that he had
committed some error of judgment ear
ly in the campaign, Would that affect
the truth that he handled the fight with
Vice Admiral Cervera's squadron with
such skill and gallantry that it re-
suited in one of the most glorious naval
victories in history? Old army people
will remember that, before the battle
of Winchester, General Sheridan was
under harsh criticism by the War De
partment for absenting himself from
his command at a time when battle was
imminent. 1t was in pursuance of per-
emptory orders from Secretary Stanton
that he left Washington, hurried to the
front, and by good luck and the mag
netism of his presence turned defeat
into a triumph and made himself a
popular hero. If he had erred previous
ly, nothing official ever was said about
it. The measure that the country
neted out to him it would mete out
again to Rear Admiral Schley. His
splendid achievement in front of San
tiago Harbor would blot out a hundred
sins of omission and commission in any
man. Aside from that consideration,
the Administration should understand
that the American public believes Rear |
Admiral Schley to have been the vic
tim of deeply laid plot to destroy him
almost from the moment he tonk COM |
mand Of the Flying Squadron.