davidaulloa/AmericanStories huggingface dataset:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-12
HERE Is The CAUSE,
The Financial Dishonor Of the south
American States in the
az :f rs ~! 800 - Z r.
81. Past.
Losses From Defaults to London
Alone Are Put Is High as
$500, 600, 900.
few York Bun :special Service.

New York Hun Special service: 1, 10. (. i
London, Dec. 12.:--The Venezuelan az
fair Is attracting the attention of invest
ors and bankers Of the; city where credit
ors Of Various Central and South Ameri
can countries are directly interested In
practical measures for recovering de-
faults in principal and interest. ( s., I'M
During the last half century London has
negotiated loans and supplied capital for
railway, mining, and ~ harbor improve
nlents Ia Costa, Rica, Honduras, c1Qate~
mala, Colombia, Venezuela .@the Argentine
confederat ton Chile. Peru, and other
South American states, and arrears in
nlanyof these Investments are heavy. The
money was loaned at.high rates and VIXEN
financial obligations have been repudiated
compromises were effected wherever ar
rangement Of any kind was pra ctieable5.
= One OF the most successful operations
was the Grace contract, by which the
state railways aud various mining prop
critics were handed oVer to a syndicate in
exchange for complete ;clearance of the
Peruvian debt. The creditors Of. many
other states have been less fortunate.
Many. millions are now due investors In
various classes Of Spanish American SCI
curities from defaults Of governments and
corporations. These losses are estiyna ted
in this city as high as $500, 100000. ,...
The claims against NenezueIa; may be
small in amount but the principle Of OBJ
tanning redress by coercive measures for
breaches Of trust and acts Of reputation
has wide application in, the interests Of
British investors. = %=-.&'- 49,
Acts of war, like the seizure. of the
Venezuelan customs craft and gunboats,
have heretofore been. regarded as an in
direct menace to- the United States. which
has assumed a, benevolent and altruistic
| protectorate over Spanish America. The
| attitude Of the Washington government
respecting the Venezuelan affair
| seems to emphasize the truth that the
Monroe doctrine does not sanction and
condone@ breache Of the eighth command
ant Of the. decalogue. The effect Of this
disclosure is increased by, the contrast Of
fered between the Cleveland Intervention,
in the previous Venezuelan affair and the
indifference NOW displayd by the state de-
| partn1ent. If the Monroe doctrine was
then interpreted as Involving the pro-
| laibition of territorial acquisition by Eu'
ropean powers. it is not now construed as
offering encouragerne nt$ to any minor re-
public to repudiate a financial obliga ton
| Saga cious British investors are wondering
| whether new va lue' may not be impaired
to Spanish American securities by this
new revelation that the Monroe doctrine
while a. sword against European colon
ization southwark, is not a shieid fol
financial dishonor. F,.'t- a..
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-12
"C0WARpLY CONGRESS"
President schurman Accuses It OF
49,. ~. Poltroonery. m -. -
s.u york s,n snae;a1r Service.

New York Sun Special Service. 49,
New York, Dec: 12:-President JACOB
Could Schurnnan Of Cornell university and
Brigadier- General, A.: w: Greedy. chief
signal officer Of the United States arn,y'
talked about the Philippines before. the
Nineteenth Century ssocia ton last might;
Among other things President Schurnan
said. b -: -, -.
= ut was enough that. the Philippine Is
lands should be afflicted with disease aud
that the. crops should have been ruined:
It was entirely unnecessary that there
should have been financial distress as
well ~ ll @ ,.r 49,
4 There never would have been this
financial distress, had the islands been
put upon a gold basis. That the islands
we're not put on a gold basis is due en-;
tirely to the negligence and inactivity o.
congress. The financial distress in those
islands. is due entirely to the paipaple POI,
troonery and cowa rdjes of the members 81
the American congress - loud sap'
plause.) =*& :<,
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-12
+. =. NO HELP FROM SHAW. .
He Will Not Relieve the Monetary
= I: ,g7 Situation Again. III. :.

Wa shington, Dec. 12--seeretary Shay
is not inclined to undertake any nlea sur es
ST relief tor the money sitla ton IN New
York and he will do nothing unless ne
changes his present attitude This, It
may be said autlaoritatively, is not likely
to occur. Mr.. Shaw declined to-day to
enter into a discussion of the Situation.
but there is good authority for saying that
the treasury department believes that the
Condition OF monetary q fla frs in New York
IS of no legitimate concern to the gov
eminent As one of the treas ury officials
expressed It to- day. the treasury is 'tlipa :
mated as a factor in the present sftua-
ton and nothing need: be expected from
the government. ss. ,.t I =. sssa.
why dor, t YOU 60 East for the Holi
over the Rock Island Ry.? Reduced
rates for 4 he round trip on sale q that
offce. s2asNieollet@ Ave. Dec: II ito 2gd. in :
elusive good for return UP tod an. 18TH.
! The following are some Of the points to
which you can get these rates: s> IS
Albany. N ~ and ret -. 80. 90
Boston. Mass, and return $40 90
Montreal Que, and return $50 90
Portland, Me. and RETURN 80. 90
500 Line Holiday Rates One are
for the round. trip to- points In Eastern
CANADA. Why not 50 back east, spend
Christmas and take advantage OF the Fer5
| low rate. sTickets.<on sale December i I'll
| to GOTH Get Christnaas booklets; etc, a.
the Ticket Office. 1ls s. Third street.
HOLIDAY ExeyrsIon bates East
on sale Dee1l 18th te :22d. good to retur,
/ Jan. 18th. to New England points; on salt
Dec 1Tth to 20ths to e.anadian points q
greatly reduced eratAssyissTake the :Nortt
Star Limited sig avoid asdepet traHsfe
| ii Chicago. Besides zig the nssWest ans
best train and the emp oyss are polite am
courteous. Cab on III. 70. 1Ia thaway, Cit.
Ticket Agent Minllea polls g st. Louis B
r., No. i Washing ton IS Venue 3. Minnespo:
| lis, Mum. ;ss & .:s 81 y; rs Z
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-12-12
A. WONDERFUL MEDICINE.
R|l|EE E!3H!AAMN.

ror Bilious and Nervous Disorders, such Is
Wind and Pain ~ the Stomach, Sick Head
meals, Dizziness and Drowsiness, Cold chills
Fiushings of Heat, Loss of Appetite, Short
ness Of Breath, costiveness, Blotehes on the
Skin. Disturbed Sleep, Frghtfu1 Dreams.
81; ..JHE FIRST IosE VIII OWE RElIE %
HSery suHerer*is earnestly invitedto try one
BOX Of these Pills, aud they Will be rack-
now1edged to be W.T. H0uT A RIVAL.
:: HEEGHAM PILLS taken as direc.
health. They promptly remove any obstruc.
ton or irregularity of the system. For: .
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
NEW YORK COTTON.
Traders Cautious Pending the Publloa-
ton Of the Bureau Report.

Traders Cautious Pending the Publoa-
ton Of the Bureau Report.
New York. November % The cotton
market opened steady at / to o points ad-
vance, with some Of the more active posi-
lions selling up / to points on as good
cables as expected aud bad weather condi-
lions in most parts of the South. Texas
reported range Of temperature from %
TO 3s. while other localities report the Sc
varest weather Of the season, with sleet
and cold rains practically stopping any tur-
ther promise OF top crop growth Follow
ing the opening call the market WIS lrresu-
lar within n range Of to 10 points on
the more active months, with the rhulhE
largely of a professional character ~ eoon
mart for evening up outside contracts OUT
Standing In anticipation OF the bureau due
n make tie appearance December . reno
inc Inc nnblicatlon Of this report the ehtire
cotton trade Is showing caution ana tne
volume OF business light To-Day trnns
actions were confined 10 about 2O0,Up pales,
In The afternoon buying picked IN 4 ntue
on the week on reports more hulhhn tn ini
expected, with Secretary Hester m 6l LlE
me insight 39T, GOO bales, against 5000
last YEAR while superintendent King mnae
The movement S,292 bales, against $500
lost year A large estimate FOR recelPts ~
New orleans for tomorrow, however helu
tbe inward movement In check ana grew
~ he factor in closing the market at
about the lowest figures OF the session.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
UNEXAMPLED HOLIDAY
DEMAND is PREDICTED.
Car Shortage Continues to Worry the
Railroads and shippers--comtoRabl
Conditions Confidently Expected.

New York, November IS Bradstreet's 10.
morrow will say; Warm weather has been
and, In some sections, is the only apparent
drawback to distributive trade, but lowered
temperatures aud carly holiday buying
have tended 20 minimize this deficiency
That large, In fact. unprecedented holi.
day demand VIII develop Is confidently
predicted Wholesale trade as veioie is
IN excess Of year ago and comfortable
increases are reported to be finally shown
In nearly every department Of trade. Gen.
eral Industry is active the country over,
manufacturers and producers being stlll
urgently pushed 10 deliver on orders booked
sometime ago
Some Improvement IS noted In the trans.
portaton congestion. Int the car shortage
is stiii q matter of worry to the railroad
men and TO merchants and dealers The
influence of last vcsr's crop shortages Is
gradually disappearing. Lower prices for
cereals, provisions and finished iron and
steel give hone Of better export trade. and
the possibility ~ cutting down some Of
the unfavorahle balance shawn enrlicr this
year.
Collections are IN a majority OF cases stil
coed. eNceS<ions noted hcinr the effect Of
mild weather IN tho Northwest and too
much rain IN Texas There a. a rnthcr
more cheerful tone IN the iron trade little
or no Improvement IN the coke shortage
IN the Rest IS noted Finished products
arc 0rmer in tone Rather more than nsnal
seasonable activity is noted ga hardware.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
WHOLESALE MARKET

coming in, however and there win soon ns
plenty Of ripe stock on the market
There are very few fancy spnl.s ~ a.
market. The late receipts Of New Wi,
Bhdwlns ARE not up TO tho standard a.,
20 not command a ready sale "'u
The mGrket is almost bsre nm o,bA.
Inc homegrown product Is now coming In
aud viii soon take the place Of tbc w.. -
stun. nld col sequcntly be frcsher.
California navel oranges are selling free
~; most too freely for the supply avenahls
for Ii is expected the market win no hs-,
IN very short order. Prices are unchapged
Reports from the dairy markets Of rt,,,
and Little Falls, \. y, give tho csrso1
Tor the high prices Of butter ana choose
berts annual report
Notwithstanding the uncommouiv hish
prices Tor cheese that have prevaiisd
tntoNSnoHt the season Of 1902 It seems -
oe Lact that less cheese has heen made
years. 'sA
In the FIRST place, last years croo of
cheese was wei sold out both in this coun.
Wy snu apfoad, When our market opened
on May .. This made n good sale far ~
early fodder make of cheese, which IL III.
ways an advantage, as the fodder stock
Is then sold on aud used up by the time
rev lull creams are ready for market
linen, number Of establishments N,hic5
nave Hitherto mndc cheese did NOT o9cn
at all because their patrons had gono on
to, new or old milk stations As thS sessoG.
adNafCeu, more and mote milk was clrricI
10 ne sttticbs aud condensarles. VIII h
reached ont fClther and further into tba
country after the raw material. When Dc
toner arrived these conditions hnd become
DlDnOtlnrn6 a A.. n
of moderate-sized factories were oblieed "a
smut up shop for the lack Of milk Win
which to continue making. These condi
lions we're not confined to the Utica and
Little Falls regions. but nreyatIed 80 WV
greater or less extent throughout New Yori,
State. 90 1'-N
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
BRADSTREET AND DUN REVIEW

90 bales, against ASS. 300 last year, s,gI2,.
AZ year before last, and 2O81. 100 same
time In 1890; overland across tho Missis
slppi' Ohio and Potomac rivers TO Northern
mills and Csuads. 360.9so bales against
SAl, Se1 last year. S6o,nS2 year before last,
ana NIs.A24 same time IN 1899. interior
stocks In excess OF those held az the close
OF the commercial year. 4Sn,iu9 bales,
against 436fSi last year, S6o. COS year be.
sohcrn MN s t q. ssm sS p saie an aSS,
bSt. les last year, 4os, I'll year before last,
and i20,a1O same time In 1900
These make the total movement for tine
eighty nine daye from September l 20 date
l'ttEhoI bales, against ABOLISH last year.
same time In 1890.
Foreign exports this week have been 2us-
co. bales, against 2i0,NSS last year. making
the total thus far for the season 28SS. 1856
against 2,RS5,3SI last year decrease or
Northern mill takinss and Canada during
the past seven days show decrease OF
lIOIS bales as compared with the CORE
spending period last year and their total
takings since September / have decreased
y 656. The total takings Of American
mills. North and sou;a aad CANADA, thus
Ear for the season have been Psi III
hales against 1.220SI6 last year, These
included 60dai0 by Northern spinners
against 67S.665,
Stocks ~ the seaboerd and the twenty
nine leading Southern interior centers have
Increased during the week 66.pOa bales
against decrease during the corresponding
period last season of Ia 800 and AFRO now
i63, Te2 lnrgcr than at this date in 1901
Including stocks loft over ~ ports and
interior towns from the last crop and the
number 81 bales brought into sight thus
far Tor the new crcn the supply to date IA
52lAASi bales. against 506t, 600 for the
same period last year
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
CANNED GOODS.

CANNED FRUITs-Apples 3Ib. S5aOOc;
pineapples, sliced, S1.10; eyeless and core
less, SiuoQi 60; extra grated, S16jd1. rs;
pears, 2lb, zoe; Strawberries Glib. e0d95c;
bluckberrles, BIB, a5cGi$1 90; peaches BIB,
81 5odi.60: 2.lh peaches, S100@105. 3lb
pie peaches S0MS5c.
CANNED VEGETABLES 49, Tomatoes,
Glib full weight. S0tGS5c; Bib full weight,
95cd1.00; 2lb. seconds, 75QS0c; BIB. sec
onds, 90dG5c; okra and tomatoes, 2-lb
500, canned kraut, BIB. a0Q95c; Colleor.
MIA asparagus 212-lh. 81 25@S.50 according
TO grade; lib asparagus salmon, cans,
81. 5od2.75: baked heanS. BIB, o5c; 2-lb
string beans, s5c; 2-lb kidney beans, a5c;
2-lb strlngless beans, SIPS; 2-lb marrow
rat peas. 500; bib American petit polls,
81. Goa co. extra Maine corn, Sl.15; corn.
$4,000; seconds, S00S5c
CALIFORNIA FRUIT-Extra standard
2ia-lb peaches, lemon cling, Sl.95d2, 90;
yellow Crawford. 81. S0d1.s5 black cher
ries 81 .9Oa2 90; white cherries, 81 156f2. %;
aprlcots. S1.5Oa1.55. Strawberries $1,000
10; plans Si.50Qi co. grapes, Sl.60ql. 70:
seconds Zoe per dozen less than extra
standard prices
CANNED M0LASSES-P. & T. Old Fash
Toned, gallons. $40 per case; h-gallons,
SEQ per case; h-galons 1915 per case;
Gold Medal brand. fancy table syrup quart
jars, 800 per dozen; b. 2, & Co. Creole,
2-lb, S10O; BIB, 1885, BIB, S2.35; lob,
81 co
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
~ rs orrtNlIsrIC.

New York, November Is r @ Dun &
Co.'S weekly review o. trade tomorrow will
say; weather conditions have provided the
important developments OF the week in
the business world Excessive rains In
some sections notably the Southwest
facilitated distribution OF heavy footwear
overshoes and kindred lines while season
ably low temperature OF other points IN
creased the movement 81 winter wearing
apparel The6e influences. together With n
large Thanksgiving trade IN food products,
stimulated retail dealings very materially
Jobhing and Wholesale trade rs fully main
tanned and manufacturing plants have or
ders Var ahead. but In many cases the coke
shortage rctarde operations Railway Off
cials are making every effort 10 relieve the
freight congestion, especially I'm the vicin-
itv OF Pittshurg hut thus far there Is little
evidence Of Improvement Grosa earnings
are fully maintained for November. thus
far exceeding last year by Ga per cent,
and those Of 1900 by 1874 per cent while II
is anticipated that higher freight rates viii
Offset tho advances in wages sustaining net
earnings Inquiries Tor pig Iron become
more urgent as the scarcity grows more
ECute.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
4. & 8. eeerls Letter.
Especial 10 The Post.)


New Orleans November IS -Notwith-
standing Liverpool advices were not en-
couraging over the holiday. our market
opened . points higher on the materializa'
ton Of general killing frosts throughout the
belt The fact that this was the latest
date on record for killing frost 10 be real
ized, and that adyices were received from
the interior claiming It was beneficial. as
surlpg the opening OF bolls which had 50
far failed 10 do So caused decline, sub
sequently making the close practically un-
changed from Wednesdays figures
This has heeu remarkable season as Tar
a the absence OF frost and an open fall
are concerned Heretofore the banner
year was. in 1851 the first 100000 crop
when the average date OF Killing
frost IN the belt was lDout November 10.
consequently a. II occurred on November
% This year. II VIII ke seen that The pres
ont season Is a record-breaker In that re-
However. irrespective Of all features.
sentiment ia extremely hnlllsh, N antlci'
patton % seneationally small estimate
from tho bureau On December B. ana tne
continuation Of light rseeipsa. Those ia'os'
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
n IN SPITE OF RAIN.
.nln coed Dcmand--The Mar
= ~ ,,'.a sucrIied With Most All
',.,. and Demand Good

an average, was very coed
~ ~, wholesale market Yesterday
!. i, x. depressing effect of the rise
.'.are. accompanied by rain.
..isrs we're numerous and the
/! r.. .,odsrate. The principal bust,
Y" ~ IN fruits. but there was a
|...,sS for general produce. Stocks
X ,splenished Yesterday and the
|. ', I, ,sw in good shape. there being
..Jr AZ any one product. Prices
' "a the demand IS equal to the
/. !, good asnand FOR cheese as
,ssss
d, continue scarce, with prices &C.
\ 1t shout 81
,,,,toes and onions are unchanged
sock on hand is plentiful.
,-,t,- market is quiet and prices are
.'..s The late advance at Elgiu has
|. ,rected the local market.
.,-,, ,re commanding a better ells
ElA few days ago. The supply is
4, III orders at unchanged p ices.
mani, II ripe bananas is about used
M ,ipe stock on hand is INSULT
n, an orders. Fresh shipments are
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
CnPPER IN MrAKnR

Among the other metals copper IS weaker
in tone and tends downward on Increased
offerings and weak foreign markets, while
tin Is also lower Cotton goods feit the
stimulating effects Of higher prices for the
raw material. Speciolties In Imported cot
tons are active With iohbers, mercerzed
products especially so The wooden mills
are kept actively employed. The strength
~ raw wool Is nnahatcd. the latest London
sale showing o higher range. While for
oign woods are sold hero now, they are at q
lower price than new wooleue can possibly
he exported for The wool clip Tor 1902
shows slight gain
Business failures I'm the United States Tor
the week ending November "a number $50,
ar against POI last week ls0 In this wcct
last yoar 1ei IN 1900 IT In 1890 and 2l2
IN tSps Canadian failures numbered nine
teen, MS against nineteen last week and
twenty-six IA this week year ago
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
carnlll & Rlehardsonls GO.

Houston, November 2s.--After arm
opening on freezing weather over nearly
ali Of the belt durIg the past forty-eight
bonrs cotton ruled dull aud somewhat
easier today. Outside OF the New orleans
estimate for tomorrow, which was proper
tionstely larger than usual, because OF the
last day Of the month, movement ngures
were hulllsh. The visible supply statement
y. made by Mr.. Hester shows an Increase
cor the week Of 1894, aud a deficit Of
t59 Ooo from last year.
sbowery weather, followed by cold
wave. is predicted for western cotton
s,ates This was one ot the days when
,otton should have advanced, but it didn't
sentiment. while apparently very hullish'
IAN not advance prices unless the power
~ support Is given, The buying power Is
limited. -. :. na,or,h., q an
lie q crop estimate and revised estimate
- acreage The governments estimate
- the Weld last December was OoI4;uVV
Svaiss and the commercial crop, 6ccording
tvSS, hester, was 10,6 1000 bales. While
~ - estlmate was 100000 bales under
~ cron Il Il conceded that oyer 10000
IA cotton came DOT during tne season,
p1skinE their estimate 10000 bales TOO
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
THE LOUISIANA RICE CROP.

preached for an interview on the same
subject J. d. Marks, the local commis.
sion mau, who has lust returned from an
extended trip through the Texas nce belt
estimates that from 50 20 90 per cent OF
the rice In the sections he visited Is stlii
IN the field and SAYS that scarcely any of
Il VIII ever he moved. Tho rlce that Il
out is 90 badly damaged that h will not
pay for hauling
Mr.. Marks visited Houston. Raw CITY
and Eagle Lake, and found about the came
condition existing all along his route
ho also SAYS that the mills In these cities
nave very small supply on hand, Tor thcv
have comparatively no clean rice and hit
very little rough. The Texas crop prom.
ised In the carly phrt Of the season an
unusually large rleld, lat ths fan weather
destroyed THIS prospect
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-29
London Wool AuetIen.

London, November 2s.-The offerings at
the wool auction sales numbered i2, $50
bales American Inquiry improved, result.
lug IN slightly higher prices, especially for
coarse qualities. There was good de-
mand for cross breeds from continental
buyers, victoria new clip greasy was in
good supply and sold at extreme rates.
Cape OF Good Hope and Natal secured
showed an advancing tendency. The with
drawals amounted to 1900 bales. Following
are the sales In detail;
New south Wales $500 bales; secured
4Sddis aI5d greasy 3Ad1id.
Queensland leo0 bales secured los lOd;
greasy Td@ls Id
6tda1s. , ,
greasy 6NQl1d.
New Zealand 400 bales; secured 43td@
Is Sad; greasy 46iihu.
cane az Good Hope aud Natal 800 bales
secured Sd lsa1iad; greasy bl4alohd.