davidaulloa/AmericanStories huggingface dataset:
The Savannah morning news., 1902-03-08
HEsTER's VISIBLE SUPPLY.

New Orleans, March 7.-Secretary
Hester's statement of the worlds WISH
BILE supply of cotton shows the total
visible to be 4,365, $50 bales, against
4,437, 1888 last week and 4055,956 last
year. Of this the total of American
cotton is 3,274, $50 bales, against 1890, 9S9
last week and 3,056,956 last year. and
of all others kinds, including Egypt,
Brazil, India, etc, 1901, 900 bales,
against LOAF, 900 last week, and 999. 900
last year. OF the worlds visible sup
ply of cotton now afoat and held Great
Britain and Continental Europe has
2,315,000 bales, against 1,S5S,000 last
year and 1850 900 year before last; in
Egypt, $40, 900 bales, against 17S,000 last
year and 191, 900 year before last; in In
dia, $685. 900 bales, against $4,000 last
wear and 325, 900 year before last, and in
the United States, 1,24S,000 bales,
against 1,526.OO0 last year and 1853, 900
wear before last.
The Savannah morning news., 1902-03-08
FUTURES AT THE ADVANCE.
.,,rV RISE ON THE GOOD DEMAND
FOR SPOTS AT ALL CENTERs.

savannah CAOses NJ VI AZ
nor Last Weeks CIOsing-Demand
Cor E. O. b. Cotton Good, Both
rrom Exporters and Interior
,,,,Is-Turpentine Firm at 42lkc.
Rosins Firm-LOcaI and Tele-
graphic Markets.
The Morning News Office,
Friday. March I.
The advance in the cotton market
overshadowed all else in commercial
,ircrAs the past week. The closing was
- substantial advance on the prices
If week ago. This was due largely
- the wholesome demand, which was
from both foreign and domestic buy
.re The rise has reached a point
uhere the more conservative of the
trade incline to caution on the theory
that after an advance such as the
market has had a reaction is due. 1t
is natural, therefore, that the older
onerators are on the lookout for a
sight setback at most any time.
Snot markets have been very firm
during lHe "cCh' "NN eii9 -
good demand from exporters. Savan-
nah closes at a rise of Nc. with the
demand at o-day's closing very salts
factory. In the f. o. b. market the
demand was good, but business was
greatly restricted, owing to the stiff
ness of the country. In some sections
mills are buying heavily, and brok-
ers find them more ready takers than
exporters.
Turpentine closes. firm at 4212c, with
the demand good. On most days the
offerings were absorbed. Resins fluc-
tuated considerably. The demand was
moderate for all grades. Resume of
the markets for the week as follows
The Savannah morning news., 1902-03-08
COTTON FUTURES.

New York, March THE cotton
market opened steady with prices 2 to
points lower and following the call
continued to ease off under active re-
aliZing by commission houses and
bear selling. both prompted by disap-
rointment in the Liverpool cables.
after which the tendency was strong
ly upward on substantial room support
and almost a surfeit of bullish news.
May worked rapidly upward 7til S.92
was reached, while July climbed to
$3.50, the latter being the top figures
reached yesterday and the best Cor
the season thus far. 1t was reported
from several quarters that Southern
spot markets were firmer again with
domestic mill demands still unsatis-
fed. Liverpool rallied sharply just
before the close and all news from
spinning centers was very encourag-
ing. Yet far sighted longs took advan-
tage of the early improvement to Sc
cure profits, fearing a pronounced re-
action under a sudden turn for pro-
fits which they believed was due at
any time In mid-afternoon a cable
from Liverpool stated that the Royton
mills had decided upon short time.
owing to a trade dispute which would
affect some 100000 spindles. ., This
created a temporary stir among small
-er longs and under the heavy reaiiz-
ing which followed May broke to SIS
and July to $685. rallying partially just
before the close on support from room
bulls. The close was steadye with
priees-1 point lower to points higher.
The Savannah morning news., 1902-03-08
TO THE NORTH. AND WEST

Trains arrive Savannah as follows:
NO. ~, daily, from New York, Wash
ington, Richmond and Cincinnati. 4.5O
a. IN.
No. 81, daily except Monday, from
New york and Washington, 10:20-a. m.
No, 80, daily, from New York and
Washington, 3:05 p. m.
All trains arrive and depart from
the Pant System station.
THROUGH CAR SERVICE, ETC.
Trains 81 and 80. THE SOUTH
ERN'S PALM LIMITED. Solid trains
between Savannah and New York,
composed exclusively Of Pullman
lng-room Sleeping Cars. Dining Cars
serve all meals en- route.
Trains SO and "a, NEW YORK
AND FLORIDA EXPRESS. Vesti-
puled limited trains. with Pullman
Drawing room Sleeping Cars between
savannah and New York. Connect at
Washington with Colonial Express for
Boston Pullman Sleeping Cars be-
tween Charlotte and Richmond and
charlotte and Norfolk. Dining Cars
serve all meals between Savannah
and New York.
Trains 2s and 80, THE WASHING
1NGTON, RICHMOND AND FLORI-
DA LIMITED. Vestibuled limited
trains, carrying Pullman Drawing
room Sleeping Cars between Savannah
and New York via Richmond. Dining
Cars serve all meals between Savan-
nah and Washington. Also Pullman
Drawing room Sleeping Cars be-
tween Savannah and Cincinnati,
through Asheville and "The Land of
the Sky"
For information as to rates, sched-
ules, etc. apply to
F. S. CANNON, Sd v. P. and G. M.
S. H. HARDWICK, G. p. A, Wash
ington. D. C.
w. H. TAYLoE, A. G. P. A.. Allan
ia, Ga
r. C. BLATTNER, Depot Ticket
Agent, Plant System Station, Savan-
nah, Ga.
E. G. THOMSON. c. p. & T. A., sa-
vannah, Ca, 141 Bull street. Phones
$50. -st
The Savannah morning news., 1902-03-08
NAVAL STORES.
Friday. March Z

FRIDAY, March Z.
TURPETINE-The turpentine mar
ket opened firm at 421ac. with sales Of
90. and closed firm and unchanged.
with no sales further reported. The
demand was good all week. Receipts
to-day Sc, and the exports 10.
ROSIN-The rosin market opened at
a decline of sc on II and below, and
reacted to the extent of its loss at the
close. Opening sales 1884, and at the
closing $40.
Quotations-At the close of the mar
ket to-day the following quotations
were bulletined at the Board Of Trade:
Spirits Turpentine-Firm, 4255c;
sales, 90.
The Savannah morning news., 1902-03-08
DRY GOODS.

New York, March There have
been no advances of any moment re-
ported in the market to-day but the
general tone continues strong for cot
ton goods The home demand for
brown, bleached and coarse colored
cottons. has been of average proper
tions. Prints and ginghams are firm.
Linens are very firm with a moderate
demand Burlaps quiet but steady.
The Savannah morning news., 1902-03-08
MONEY MARKET.

New York, March Mooney on call
steady, 21SI3 per cent, closed 2RG
2A per cent Prime mercantile paper,
4GD4Ac. Sterling exchange easier with
actual business in bankers bills at
$4 S75s@4.S5M for demand and at
81. S51s "a. 1914 for sixty days. Posted
rates $4.S6 and $4.SS12. Commercial
bills, $4.S4sA04 S5la Bar silver, 541sc.
Mexican dollars, 4315c. Government
bonds strong. State bonds weak Rail-
read bonds firm.
New York. March THE total bank
lclearings for the week ended March
6, were $2,144273, 667; decrease, 10 per
cent. Outside New York, 1852, 1913.
increased 9.6 per cent.
The Savannah morning news., 1902-03-08
COTTON FUTURES AT NEw YoRk.

New York. March cotton futures
opened steady at the decline; March,
s.9Sc; April s.97c; May, $3.50; June,
S.S6c; July, S.SSc; August, S.7Sc; Sep
TENDER S.40c: October, S.15o; Novem-
Der, s.07c.
Cotton futures closed steady; March,
9.02c; April 9.O2c; May, S.S7c; June,
S.SSc; July, S.91c: August, S75c: Sep
TENDER, S.49c; October, S.21c; Novem-
her- & 1Oc
The Savannah morning news., 1902-03-08

firm. Commercial demand, sterling,
s4.S6A; 60 days, $4.S4; 80 days, $4.S3
French 5.19; Smiss, so days, 5.21%;
Belgin. 5.2O1S; marks, so days, OAK
80 days, "a 9-16. as
DOMESTIC EXCHANGE - Steady;
banks are buying at 75c per M dis
count selling up to 5Q25. 1Oc; 25@5O.
15c; 50Q100 zoe; 100000. 25c; 20O@3OO.
30c; 300@400, 35c; 400@500, 40c; 500ds0O,
45c; 600 and over, 75c per NJ premium.
SECURITIES-The offerings are
quite light with a moderate demand.
The Savannah morning news., 1902-03-08
COTTON.

Spot cotton closes Nc above last
Fridays quotations. with the demand
satisfactory. Factors sold 1S1 to-day,
and 1904 for the week. Sales for the
season are 91,3O1. The demand is
promising, and while slightly easier
to-day, the market shows no signs of
Welding.
The Savannah morning news., 1902-03-08
GEORGIA SUPPLY CO.,

Savannah, Ga.
Everything in MIL Supplies"
ping.
Both phones I2oS.
The Savannah morning news., 1902-03-08

tirm, 42c; sales, Is casks
Rosin firm, unchanged; sales 100
barrels. Fs
Wilmington, N SO, March 7.-Spir-
its turpentine, nothing doing; receipts,
16. Rosin firm, 81 .15@1 20; receipts,
1863. Crude turpentine steady, ST 30
tos$2. 5Oi receipts IS. Tar firm, 81 .2O
receipts, los. So AGA
New York, March 7.-Rosin steady
Turpentine steady.
The Savannah morning news., 1902-03-08
Southern
; e. ~ q .
Railway.

Trains arrive and depart Savannah
on sOth meridian. time-one hour slower
than city time.
Schedule Effective Jan. 16, 1902.
The Savannah morning news., 1902-03-08
ESTABLISHED 1S7.
HENRY BEER BERTRAND BEER
EDGAR n. BRIGHT.
H. & B. BEER,
Cotton Merchants,
NEW ORLEANS.

Members OF New Orleans Cotton Ex-
change. New York Cotton Exchange and
Associate Members Liverpool Cotton AS
ISOLATION.
Special attention given to Shs execution
ct contracts for future delivery IN cotton.
The Savannah morning news., 1902-03-08


ua,IVeston-Firm; middling, SIS; net
stock 1,57,O39. '' -''-1'
oo N,rortolk-Firm; middling, $751; net re-
S. e 542; gross, 542; sales, 1923; stock,
%,SlS. Exports-Coastwise 1875.
naltimore-Nominal; middling, 9k;
r soo receipts, S62; gross, 1. 537; stock, TO-
EXports-Great Britain, 1883.
u noston-Quiet and steady: middling,
W W, net receipts, 237; gross 1913.
"!Iiliiihgton-Firm; middling, S1z; net
nS or.l 49, gross, 42S; stock, 5,76S. Ex-
PTI Coastwise, 1872; continent, 6,402.
Phiadelphia-Firm; middling, 9 7-16:
"es receipts, 5; gross, 5; stock, 2,725.
93dNahnah-Steady; middling, 9-16;
s ~ee receipts. 1888; gross, 1888; sales, 2OS;
VyN ol209. Exports-Coastwise, 300
we" Orleans-Firm; middling, SIS;
1ooo receipts, 4,052; gross, 1921; sales,
NV stock 294,6t1. Exports-Coast-
"ise' 4'l4O; continent, 400.
MO Moolle-Quiet; middling, Ills; net
"a eea "a; gross, $40; sales. 100; stock,
'OOo. EXports-Coastwise $40,
lug enthusiastically; middling, S7s; net
stock 4O,495
Professionalism; middling. 81; net
IPeceipts, 1894; gross, 1874; stock, 6,g3S.
N@ports-Coastwise $50.
reoa ItncIlhhatl-Ffrm; middling, S5s; net
stock, 1878.
d, Ei-ouisyille-Firm and active; mid
Sa,s' 99s; net receipts, 1877; gross, 1877;
'ales III; stock, $50.
~; Louls-Firm middling, s 9-16: net
ttoelpts, 127; gross, 2,2O3; sales, "a;
ra +tGus ton-Steady; middling, SIS; net
s stteelpts, 2,7S1; gross, 2,7S1; sales, 1887;
na New York-Quiet: middling, 8 3-16;
sto o receipts. 300; gross, 4,554; stock,
oo Fort Arthur, March 7.-Cotton re-
st api S,50l; exports continent, S,501;
re r-esnsacola, March 7--Cotton, receipts,
stock none.
csiirre.Wport News, March Cotton, re-
sto lpSS oo S37; exports coastwise, 44S;
po rolai To-day-Net receipts, q, O94; ex-
;34seo z''6S; continent, 1898; stock.
vC.onsolidated-Net receipts, 121ss4;
q. po c, Great Britain, 75,SO7; France,
- continent, 1.5O7.
asa al Since Sept. Net receipts,
XXI ool' exports, Great Britain. 1854.
france, 517,sS1; continent, 2,O57, 765.
SEA ISLAND COTTON.
"p'ie there was some demand for
The Savannah morning news., 1902-03-08
Savannah Bank
and Trust Go.
Capital, $35O,OOO.

JOSEPH ID. WEED, President.
JOHN G. ROWLAND, Vice President.
WM. F. McCAULEY, Cashier.
SAML. L. CLAY, Asst. Cashier.
general banking and exchange
business transacted.
savings Department, interest
computed quarterly.
accounts of merchants, banks
ana corporations solicited.
American Express COmpany's let
tiers of credit Issued available in
All parts of the world.
collections carefully made ana
promptly accounted for.
Safety Deposit Boxes and storage
vault for rent.
Correspondence invited.
The Savannah morning news., 1902-03-08
f. O. b. MARKET.

Fair demand. but with country stiff
and sellers only at full prices. South
Carolina mills are buying. Current
quotations to-day for F. G. M 91-16
d9Bc, and G. NJ, s 15-16@9c. Cotton
futures at New York steady. L off to
up.
The following were the official spot
quotations at the close of the market
at the Cotton Exchange to-day:
The Savannah morning news., 1902-03-08
heIch0DIS Z Miners transportation Go
STEAMSHIP LINES
To Baltimore & Philadelphia

Tickets on Sale to All Points North
and West.
First-class tickets include meals and
berths Savannah to Baltimore and
Philadelphia. Accommodations and
cuisine unequaled.
The steamships Of this company arc
appointed to sail from Savannah as
follows Central Standard Time):
TO BALTIMORE.
HUDSON. Capt. Robinson SATUR-
DAY. March 8, 5 p. m.
NEW ORLEANS, Capt. Kirwan,
TUESDAY, March II, D, m.
TEXAS. Capt. Peters, THURSDAY,
March 10. a. m. s<
-ITASCA, Capt Hudgins,i SATURDAY,
March Is, D. M $3.50 ~
STEAMSHIP New Orleans carries in
termediate passengers only
TO PHJLADELPHIA.
ALLEGHANY. Capt. Chase. sATUR-
DAY. March 5, p. m.
BERKSHIRE, Capt. Ryan, WEDNES-
DAY, March II. a. m.
D, II. MILLER, Capt McDorman,
SATURDAY. March Is. 9 p. m.
Ticket Office, No. liz Bull street
J. J. CAROLAN, Agent.
Savannah. Ga.
W. P. TURNER, G. p. A.
A. d. STEBBINS, A. T. M.
J. c. WHITNEY, Traffic Manager.
> General Offices. Baltimore. Md.
The Savannah morning news., 1902-03-08

sea island cotton during the past week
1t was not at prices acceptable to fac
tors, hence little trading resulted.
Holders are stubborn, and as they feel
bullish are not apt to sell at other
than full prices. Crop in sight to date
72,267 against 1907 last year, and 95,-
4l9 year before last. Prices about as
follows:
Prices about as follows.
The Savannah morning news., 1902-03-08
WEEKLY COTTON REPORTS

Comparative statement of net re-
ceipts at all the ports during the week
ending Friday evening. Feb. T. 1902,
and during the same week last year.
The Savannah morning news., 1902-03-08

Comparative statement of net re-
ceipts at all the ports from Sept. l,
1901, to Friday evening, March 7, 1902,
and from Sept l. 1900, to Friday, March
g. 1901:
The Savannah morning news., 1902-03-08
ARRIVAL OF TRAINS.

Magnificent Pullman buffet sleeping
car service to Norfolk, Washington,
Baltimore. Philadelphia, and New
York: also to Jacksonville and Tampa
and Orlando.
Through cars to Brunswick, no
change of cars.
Dining cars on trains Nos. "a and 81.
Parlor cars on Nos II and 70 and
Pullman sleepers on Nos. 73 and "a.
For additional information apply to
Ticket Office, Bull and Bryan streets:
phone Is.
The Savannah morning news., 1902-03-08

Charleston, March Sea island cot
ton, receipts, 237 bags; exports, 80;
sales, 6; stock, 749.
Quotations unchanged.
The Savannah morning news., 1902-03-08

There was besides a long list OF OBJ
scure stocks with l to 2 point advances
TO their credit, all of which were more
or less impaired by the late reaction.
The market closed ratehr easy in spite
of late rise in Colorado Southern and
Mexican National.
To-days bond market continued
rather dull, but was firm. Total sales,
par value, 81, 100000. United States Is
coupon and the old as advanced a and
tine new As coupon rs per cent on the
last call.
The total sales for the day were 60S.-
100 shares, including Atchison, $500;
B. and Ohio. $4,000; Chicago Terminal,
$780, Colorado Southern, II, 100: do
second preferred, II 900; Erie, 5000;
Iowa Central, II, 700; do preferred, o.
500 Manhattan, $500; Mexican Ma
tional, 1900; Minnesota and st. Louis,
$500; Missouri Pacific $500; Penn
sylvania. 28,500; Reading, $4,000; do
second preferred. $4,000; st. Paul, H.
200; Southern Pacific. $4,000; Union
Pacific, 23.600; Analgamated Copper,
1880; Colorado Fuel, 33, 100; Consoli-
dated Gas, IA, AGO. Republic Steel, H.
800: do preferred 1900; Sugar. ex-div.,
10, 500: Tennessee Coal, 22, 300; United
States Steel, 5000; do preferred, $500.
The Savannah morning news., 1902-03-08

cess of 607, 600, Last year 10000, 900 was
taken from the supply therefore, to
retain the present excess the takings
must equal last years for the balance
of the season. While sentiment is very
favorable to the article there seems
to be feeling that reaction is in
order after such a sharp advance.
The Savannah morning news., 1902-03-08
REVIEW OF MARKETS

CONDITION OF GENERAL TRADE
DURING THE PAST WEEK.
The Savannah morning news., 1902-03-08
New York stock and Bond List.
Railway Stocks.

AtcnlSOn s..s.... .l...s....s. ......... 1914
do preferred ...........-........ JbA
Baltimore and Ohio ................ 1854
do do preferred .................. 94H
Canadian Pacific ~. 1127
Canada Southern ..-.S.e............ sly
Chesapeake and Ohio .............. 46
Chicago and Alton ................ 36
do do, preferred ......r...........- 75A
chicago, Ind. and Louisville -. 81
do do preferred ................... 7Sm
Chicago and Eastern Illinois 49,, 1855
Chicago and Great Western. $3.50. 24h
do do A preferred ...........a.. S7ia
do do B preferred, ............... ASK
Chicago and Northwestern 1000. 22a11ks
Chicago, Rock Island and Pacific. 1855
Chicago Terminal and Trans. 49,. 171s
do do preferred .....-.,..,....... So
c., c., C. and st. Louis ,...........10 1
Colorado Southern .,E........... 26A
do do 1st preferred .............. 7015
do do End preferred ............. .425s
Delaware and Hudson .........1T1M
Delaware Lackawanna and West. 2S1.
Denver and Rio Grande. ........... 43Z
Continued on Eighth Page.)
The Savannah morning news., 1902-03-08
2osin-Firm; sales, Is

: pdIIIt DdN1 LosI T VtiI
Spirits Turpentine-Firm, SIC; sales,
24O casks
The Savannah morning news., 1902-03-08
Plant System
of Railways.

Operated by Goth meridian Tha
The Savannah morning news., 1902-03-08
FINANCIAL.

MONEY--Market easy.
The bank clearings during the past
week were $3.50, SD2 .23, against -
last year, and - year before last.
The Savannah morning news., 1902-03-08
SEA ISLAND 90

SEA ISLAND COTTON.
ME there was some demand for
The Savannah morning news., 1902-03-08


BETWEEN SAVANNAH AND TY-
BEE.
Trains arrive at and depart from
Tybee depot, Randolph street. foot Of
President.
Standard Goth meridian) time, one
hour slower than Savannah city time.
LEAVE SAVANNAH.
Daily-9:00 a. m, 2:3O p. m.
LEAVE TYBEE.
Daily-9:50 a. M. 500 p. m.
'DaiIy sExcept Sunday.
Connections made at terminal points
with all trains Northwest. West and
Southwest.
Sleeping cars on night trains between
Savannah and Augusta, Macon, At
lanta. Columbus, Ga, and Birming-
ham, Ala.
Parlor cars on. day trains between
Savannah, Macon and Atlanta.
For complete information, schedules.
rates and connections, apply to
w. G. BREWER, City Ticket and
Passenger Agent, 107 Bull street. or
w. r. MCINTYRE, Depot Ticket
Agent.
]. C. HALLE. Gen. Pass. Agent.
F. ]. ROBINSON. Asst. GenI Pass.
Agent.
w. A. WINBURN, Traffic Manager.
THEO. D. KLINE, General Supt.
Savannah. Ga.
The Savannah morning news., 1902-03-08

Stock of cotton at all ports, March
8, 1902. and on the same day of the
week last year:
The Savannah morning news., 1902-03-08

Continued on Eighth Page.)
The Savannah morning news., 1902-03-08
Receipts and Exports.

Market steady; sales 1871.
The Washington times., 1902-06-29
Hanna-Burtou squabble Settled.

The Hanna Burton squabble has prac-
tically been settled and Mr.. Burton will
be returned to Congress" said Joseph
W. Brown, business man of Cleveland.
Ohio, at the Shoreham last evening. 1T
would have been a loss to the country
had Mr.. Burton retired, as we believed
at one time he would. No man in the
country is better posted on the needs of
cur rivers and harbors than Representa-
tive Burton. for he has made that spe-
cial study and is therefore an authority
on the subject.
There is no work done by the Govern
inent that SO aids the business OF the
country and increases the commercial
wealth of the nation as the improvement
of our waterways.
81 know the river and harbor bill is
often spoken Of as a pork measure
but nevertheless while provision may
be made for some doubtful project, on
the whole it is a meritorious measure,
and its passage benefits the entire coun-
try"
The Washington times., 1902-06-29
Law Governing Distillers.

''No bill has passed the House OF
Representatives at this session of Con-
gress of more importance to the dis
tillers of the country than the outage
BILL" said Col. John 3. Thompson. OF
Harrodsburg. KY. one of the leading
distillers of the Blue Grass State, at
the New Willard last night.
THE measure is now pending before
the Senate. but of course it will not be
considered by that body until next De-
cember. The distiilers are deeply in
terested in the bill because it makes
permanent temporary law which al
lows us seven years instead Of four
years for evaporation and shrinkage
I'm 1894 the bonded period was ex-
tended to eight years. and In 1899 \
temporary measure was passed by Con-
gress allowing seven years for shrink
age of whisky made prior to 1899. but
only four years allowance for all
whisky made after that year That is
TO say that whisky manufactured after
1899 would be faxed on the regauge at
the end of four years instead of seven
as applied to whisky made previous to
1899.
In looking up statistics find from
statement Issued By the Internal
Revenue Bureau that since 1862, when
the law was passed placing a tax on
whisky. the distillers OF the country have
paid into the United States Treasury
the enormous sum of 1922 100000. al
The Washington times., 1902-06-29
THE MANUFACTURE OF
PENS AND PENCILS
TOtdl Value of Products in One Year,
IS Shown by Census Re-
port, Is s4,222,14s.

The manufactures division of the Cen
sus Office has made report giving the
statistics for the manufacture of pens
and pencils in the United States for the
census year ending May 81. 1900.
The reports show capital of 1851 al
invested in the manufacture of pens and
pencils in the So establishments report
ing for the United States. This sum
represents the value of land. buildings,
machinery. tools. and implements. and
the live capital utilized. but does not
include the capital stock OF any of the
manufacturing corporations engaged in
these industries.
The value of the products is returned
at S4,222, ,1iS to produce which involved
an outlay of 1921. .6S6 for salaries of off
cials, clerks, etc; Sl.192. .4o5 for wages;
s471. $50 for miscellaneous expenses. in
Guiding rent. taxes. ETC.; and s1.747, ,s52
for materials used, mill supplies, freight,
and fuel.
1t is not to be assumed, however. that
the difference between the aggregate Of
these sums and the value of the products
is. in any sense, indicative OF the profits
in the manufacture of pens and pencils
during the census year. The census
schedule takes no cognizance of the cost
of selling manufactured articles, or of
interest on capital invested. or of the
mercantile losses incurred in the busi-
ness. or OF depreciation in plant. The
value of the product given Is the value
as obtained or fixed at the shop or fac
tory This statement Is necessary in
order to avoid erroneous conclusions
from the figures presented.
The Washington times., 1902-06-29
North Carolina Coming to Front.

North Carolina is rapidly coming TO
the front as a manufacturing State, and
1t won't be great while before We will
do the bulk of the cotton export trade
to Cuba said j. V Dane OF Greensboro
at the Metropolitan last evening.
we can manufacture cotton goods
equal to anything produced in New
England. and we can manufacture cheap
er because we have the raw material at
our own doors
Time was when we shipped our cot
ton TO the North and IL was shipped
back and sold to us as the manu-
factured product. But that day is pass
ed. The tables are turned and We sell
the manufactured article to the New
England people. 1t is only question Of
time. and very short time az that,
when the South will be the manufactur-
ing center of the country.
IF Congress would only do something
for Cuba In the way OF reciprocity as
recommended by the President, We
would soon-I mean the United States
control at least 90 per cent of the
trade with Cuba. whereas now we get
but very small percentage OF it."