davidaulloa/AmericanStories huggingface dataset:
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-15
Mr.. cARNBGIE's SANE OPTIMISM.

Andrew Carnegie's declaration Of his personal con.
vistion that humanity IL better now than 1t has ever
been before. both materially and morally, is shown to
be the truth BY existing conditions throughout the
civilized world at the present moment.
There = no question that the past century wit
messed a marvellous improvement in the physical and
mental uplifting Of the human race. The poorest
wageeaTner Of to-day enjoys comforts that were i'm
,D>e6bss - t1s 5icA man At . hundred yms a9o His
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-15

There are those who will see in Russia's increased
Willingness to terminate her military occupation of
Manchuria a polite movement based on the belief that
Great Britain is about to be relieved of the en-
barrassment of the South African war. Unquestion-
ably when England is freed of this burden, so serious
ly Gripping her as a militant Power and so menacing
to the maintenance of her prestige in world politics,
there will be an increased vigor in the English policies.
The first to feel this return of British aggressiveness
will be Russia, both in India and in China. For these
reasons the developments of the year following the
close of the South African war should be profoundly
interesting and significant.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-15

Some day, let us hope, the establishment of an
overhead or underground system Of rapid transit in
st. Louis will put a stop to the piteous tragedies of
the killing Of aged persons and little children that
are now so appalingly frequent.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-15

Just at the present moment, with a Socialist revolu-
ton under way in Brussels, there is anything but a
sound OF revelry by night in Belgium's capital, yet
many persons believe that the monarchical principle is
about to meet a Waterloo in that vicinity before long,
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-15

held. With the prospect of opened barrels" Repub-
lican politics will assume a glory unknown since the
last victory of the gang members at the head Of the
present game.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1902-04-15
j. j. CRAWFORD.
REPrjRTIC Special.

Paducah. KY. April IA. J. Crawford
aged 50 years one of the Oldest resident,
In Padncah. died to-day. Thu deceass
leaves three sisters. Mrs. Mary A. Ice. =
Barlow City. Ky. and Mrs William o.
via Of Raudena, Ky.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

or prices at the yards. There was little
advance carly in the day on the hog situa'
ton and expectations Of smaller receipts
next week. but prices eased of again aud
the close was steady, Januery pork being
~ higher, at 1850; January lard un'
changed at 07o. and ribs 2l9 higher at $40
Estimated receipts for Monday-Wheat'
80 cars corn, $50 cars; oats $50 cars; hogs,
1900 head.
Cash quotations were as follows:
Flour-Quiet and steady: winter patents
2. 4Cd3 80: straights 3 1908 80; spring pat
ents 3. 4Od3 70; straights 2.90@3 20; baB
whest|No. . spring 751Ad76; No, 3 go
d73: No. . red 156l75la.
Corn-No. 56A; No. yellow 56A.
Oats-No. . 31Ts; No. white 32d35
Rye--No. . 491b
Barley-Good feeding 39d4o; fair to
choice mailing 45646
Flax seed--No. 1 I. Is; No ] Northwest
ern 1 "a.
Timothy seed-Prme g. 65.
Mess pork-Per barrel 100.
Iard-Per 100 pounds 10 27l6Sf10 80
Short ribs sidcs-Loose s. 5067S. 70.
Dry sailed shouldcrs-Boxed g 25c1S. 80.
Short clear Boxed S.75d9 90.
Whisky-Basis Of high wines. 1 80.
Clover-Contract grade 10 70.
On the produce exchange today the hut
tor market was steady; creamery 1s@2S15;
dairy 17d25
Cheese Steady II @12H.
Eggs-Steady; loss of "a.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
COTTON MARKET VERY DULL

close TIE spot market opened sssy and
closed quiet. with quotations points down.
New York opened quiet, with prices to 8
points lower than the previous days close.
Early In the day bulllsh sentiment pre-
vailed. owing 10 the news from the cotton
belt that the weather bid fair 70 turn bad
gain. Under this influence prices adj
vanced rapidly. hut when the weekly bank
statement was announced a reaction set n
and the close showed losses for the day
The closing figures were barely steady, az
decline OF 2 to points from the closing
quotations OF the day before
New Orleans opened steady, with prices
unchanged 20 2 points lower. An advance
occurred during the morning, which rapidly
carried January up to s.1s aud March 70
2S Later she feeling weakened under
the general Influences affecting the market
and the losses sustained were considerably
from the highest point Of the day. The
close was steady. quotations ranging .
points lower TO points higher than the
previous days close
There was slight excess In the current
movement Receipts at all ports for the
day were 1891 bales, compared with 42,6l2
for the same day Of last week aud 43,g29
for the corresponding day Of last season.
Thus far im the season receipts have been
asa 95j beles. compared with 3.0T5.oij for
he corresponding time 81 last eeaspn. Tx
ports for 30 week have been 2A6Gp bales
compared with 34.o13 for tho came day Of
nv ~ iast sessnn gtoct AZ Tinitnf STAFF,
uoTts foy mo 5pv vns / S}n gg, bales .nrn
pared Witb 11.OGe. 7e7 for Inc sane d7y Of
XXX ,.net md 500 Iii sor Inc rorraenopd
/ tng day Of last season.
rho Ner yorl Journoi % -on,r,orce has
49,.
ne loiloWlhs comment on tue crop STUN
I u9h'
+ or some weeks past u mas oean Claimed
| thut me movement OF cotton mas been mn,
oer'd ny pad weather ana scHrclty OF
| cars; q good many dispatches nave q.
cthtly peen IN circulation 10 lhe erect tIll
!he lrpubie is less on account OF chr sc,lrc-
| ~ than on account 81 cotton scarcity q.
Much, or course depends ON wlilGh OF ines"
statements Is 10 prove true. There IS u
growing suspicion that there is some truth
n the claim that there has been tx gsera'
ton regarding the car subject. Ot late tle
| We4toer mas been chAnglhS Tor the better
| sun, the movement does not resnond. Ana
| Ior seVerul GAYS prices nave Deen Slowly
: creeping upward, until the market is now
| ~ points or so ApoNc inc price current %
bureau. day. Until Yesterday business GIL
/ the week was small IeStcrdny there was
| q sudden expansion IN pubic interest ana
| In the buying to cover snort contr1cts.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
A RrrRENcnMrNr POLICY.

The banks and money lenders seemed to
have taken decision to prepare at once
for the prospective demands on them and
they began to retrench by the contraction
of loans outstanding in the stock market
The result was considerable forced liduida-
ton and n rapidly falling market.
The acute phase OF the Venezuelan sit
uation had considerable effect on the mar
ket, principally Of a sentimental char
acter. but no other causes were needed
for the break in prices than the inability
Of borrowers TO obtain funds with which
to carry their holdings. The fact has long
been known that the money market would
be subjected TO severe pressure to meet
ycar-end requirements. A CoutingcaCy thus
definitely forcsecn Is almost invariably pro-
Nlded for In financial affairs. 0nd the ap-
parent effectiveness OF the resistance which
has been established to the decline lulled
sentiment into a sense Of security thar
the worst had been passed
The Incidents which had the prlnclnnl
influence In disturbing confidence were
the transfer OF 100000 to San Francisco
on Monday and the shipment OF 81, OoO, 900
gold 20 South America In the middle Of
the week. The large movement Of gold TO
san Francisco this fall is out OF the ordl.
nary aud no clear explanation has been
offered for u.
1t has been surmiscd that comm tments
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
THIS WAS THE CHIEF
FACTOR IN MAY WHEAT
Good Business in December Germ Oats
Inclined Toward Lower rams
and Provisions Recovered

chicago. December 1s.-Wheat was nf"
today and May closed y higher Nay COZ"
Hass lower and oats declined y
Reports Of rains In Argentina when
have caused much delay IN the harvesting
OF the wheat crop there, we're the chiel
factors IN the situation, although Liverpooi
cables were also Of g bulllsh character
The volume Of business was light Inc
opening on May was from shade TO lsgA
higher at 77ss to IN and on quite general
buying with light offerings there was an
advance to 771s. Later, on liquidation
MAY declined 10 77S3, closing Is higher, al
77M67Tt5 December closed unchanged az
T5iI Receipts we're II cars, - OF CONTRACT
grade. Minneapolis and Duluth reported
sos cars. making the total receipts Tor the
three points Of $40 cars, against $50 laS'
week and J04 a year ago. -
Tho action Of December corn was tne
main feature IN that pit, there being more
business IN that delivery than for some
time past The opening was 5 lower, NJ
5iA, but a sharp advance 70 5o1s occurred
early In the day, which Drought consul
cradle liquidation, and there was suduen
de cline but on the break offerings were
well taken, most said to be account OF a
st. Louis pool. The close was Is lower AZ
J61b In Nav the trade was narrow and OF
local character, higher cables impartins
some strength at the opening, which was
unchanged to Is higher The close was
AQi% lower at 43&d437s, after ranging be
tween 43Ad442s Local receipts, 223 cars,
T. OF contract
Oats were inclined toward lower plane
owing to considerable realizing and selling
supposed 70 he against Increased country
purchases Of cash The fluctuations were
within a narrow range, May selling be
tween $685. and 1914 closing 4 lower, at
23H. Local receipts, 1856 cars
Provisions showed good recovery from
the recent slump and the market was
strong on small receipts of hogs and high
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
WAS A DISAPPOINTMENT
TO THE SPECULATORS
And Stocks Were Active ard Weak
After The Publication Of the
Bark Statement.

New York. December - The sr,ar ae.
crease IN the loan item Of the banks dis
closed by the weekly statement issued to-
day proved disappointment TO specula-
tors and stocks were sold freely after it's
publication The market closed in conse-
uuence active and weak. Early the move
ment was nervous and uncertain or rather
active trading There were several alter
nate advances and declines before the
final active selling movement. The vol
ume Of the weeks LIQUIDATION In stocks
under the losses entailed was felt 10
promise more extensive loan contraction
than reported, which was S2,O6jo0o.
In yesterdays late drive against the
bears the impression got around that an
increase In surplus reserves might be dis
closed Today by reason Of a heavy loan
contraction and some special movements
Of cash from nearby points the speculn-
tors were the more disappointed over the
actual showing II is possible that the
actual loan contraction is understood, as
the heaviest liquidation was In the latter
part u the week and thus figured for only
part OF the week IN the statement OF aver
ages, But there is also the possibility
that the loans called from tie stock mar
ket were put again to syndicates and other
Wise.
feature Of the DAYS news was a
number OF additional calls for instruments
OF syndicate subscriptions, including the
$4,000 y installment on the New York
Central bond underwriting, which was re.
ported to have cansed some surprise to
subscribers. At this time there liz no re-
lief In sight from the subtrcasury's drain
upon the money market and time loans for
all periods are per Ceut and for shorter
periods ms high as 10 per cent.
Severe losses In stocks have resulted In
| the week S trading a result OF the crisis
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
Grain and Provisions Elsewhere.

6OOo barrels; wheat, 1900 bushels; corn,
1900 bushels; oats, $1,000 bushels. Ship
ments-Flour, 1900 barrels; wheat, $1,000
bushels; corn, $4,000 bushels; oats, 1900
bushels.
New York, December 12.-wheat-Re-
ceipts 1900 bushels; exports 1900
bushels. Spot firm; No . red 500 elevator
f. o. b. ahoat; No. 1 hard S6ss T. O. b.
ahoat. Options quiet. Hides-Steady.
Leather-Firm. Wool-Firm. Cotton seed
oll-Quiet. Rice-Flrm.
Kansas City, December 13.-Whc-4-De-
cember 64A May 6gA cash No. hSrd So
@69; No. 65G67; No , red 67d6S; No. 3
65d67 Corn-December 41&; cash No. 2
mixed and white 42l3; No 3 40. Oats-No
white 49, Recelpts-Wheat, %, GOO
bushels; corn, 1o7, 200 bushels: oats, 1900
bushels Shlpments--Wheat, $1,000 bushels;
corn, 61,600 bushels; oats, 1900 bushels.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
GoTroN SEQ pRopuors.

Memphis, December 1s-on. carload lots.
per gallon-Prime crude 3On; on crude
nominal; prime summer yellow 33p on
summer yellow nominal; choice cooking
nominal. Prime meal POO; cake 2i.25.
New Orleans. December l3.-uotton seed
cil-Pr'me rehned In barrels 35ps OF refined
In barrels 81 prime crude loose 30
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
TENDENCY WAS BULLISH,
BUT PRICES DECLINED
An Upward Turn on Bad Weather Re
ports Was Lost Sight OF on Poor
Bank Statement.
AT TIE CLOSE /:

At THE CLOSE
Liverpool, 2 points lower.
New York, 2 TO points lower.
New Orleans, 2 lower to higher.
SPOTS:
Liverpool, 2 points down.
Others unchanged.
ESTIMATES FOR TO-DAY
Houstou, 5000 to 5000 bales, against
1909 last year.
New Orleans, 1900 to $1,000, against
i4,t49 last year.
The condition OF the cotton market yes
terday WAS fair Illustration OF The no.
Guitar fluctuations that atfcct the market
at present and which are liable 10 occur
any day.
While opening lower than the close Of the
day lefore, the Influences which are likely
10 crop cut at any moment, caused an ad.
vance wl ich, however, vas not supported
snd decline ensued hut the hnal hgurcg
showed very little loss Several reason
we're attributed for the decline. principal
among which was the weak condition Of
the stock market and the poor bank state.
ment The uncertainty that exists in the
cotton world regarding the probable size
OF the crop and the continued retardation
Of the movement, which even now is not
understood by the most expert authorities,
leave the market subject to influences from
any quarter and fluctuations 81 price occur
without proYocation, II seems, and generally
cause surprise. The Liverpool market.
which has been strong for several DAYS.
went OF suddenly, and, while not losing
very much, showed that prices are as easil t,
affected on the other side Of the water ne
they are In America Regarding the gen.
eral situation. New York Grin gives the
following opinion:
"of late the market has made some bull
ish overturcs at Liverpool at New Orlean.
and at New York. The spot cotton market,
have failed ia give way when the more
speculative markets have declined, and ever
now they continue to hold relatively nrm
lsh attitude to the general proposition
Some are inclined to regard the relative
hrmness in spots as very suggestive, in con
aection with a more or less current belief
hat Great Britain, France and the cont
1eut are short OF cotton; that Is to say. a,
10 the quantity in the hands OF splnners
while. for that matter the visible statistic,
are also regarded as strong abroad as thel
Rre at home; the combination, in the main
representing an enormous absorption Of cot
ton. which. II continued for the remainde
n the season, will call Tor product un
squaled In the history OF the staple"
I.iyerpoo! opened easier With quotation
slightly higher than the close Of the dn
before. The feeling continued easy durin
he day and values began TO decline townr
he close. The Anal figures showed price
% be points below the previous day
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

Difference. 1,762 i,7o2 ls2.9oo
EGGS, POULTRY AND GUTTER.

New York, December ls-Eggs Receipts
SAG packages; market steady; State and
Pennsylvania, average best, -; Western
fancy "a; Western poor 10 prime 2Oaa6;
refrigerated t9d2ih
st. Louis, December 49, -Poultry-Higher.
chickens s, springs S6lSi5; turkeys l3lSdiI 4.
ducks II; geese -. Butter-Steadv; cream.
cry 2Sd8o; dairy isls@a3 Eggs Steady at
20, loss on.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
MARKET LOANS prrrerD


Large amounts Of time loans have ma
tured during the week and some money
brokers report that in such cases New
York banks have refused to renew market
loans but In some cases now accommoda-
ton has been secured from interior bank
Ing Institutions
It is also the case that foreign credits
have been largely drawn on during the
week by the process of placing finance bills
In the exchange market This is part
Of the operation for evadlnz or preparing
gold exports which was interfered with
by the movement to South America The
difficulties In the market were by no means
confined TO the stock market Mercantile
borrowers were Obliged to pay per cent
for all time loans and In some cases
commissions brought the equivalent Of
short time loans up TO per cent. Another
device was an implied agreement that only
a certain portion OF the loan should be
withdrawn.
ued during the week and has made heavy
inroads on bank reserves and Internal rev.
enue requirements have been thrown on
New York bapks by orders from interior
New York subtreasury. The customs col
lectlons showed some falling OF towards
the end OF the week, and 1t Is hoped there
VIII be relief from this source.
Some anxiety has been caused by the
weeks events regarding the position OF va
rious promotions In which large sums have
been embarked, but which have been prac-
tically tied up and the proceeds made un-
sOinbe by the tlghtness In the money
market Part OF the weeks heavy liuuida.
ton OF stocks is believed to be for the
protection Of such projects, and to meet
syndicate calls for payment Of subscrip-
tluns. which the subscribers had hoped
would be unnecessary in case Of n prompt
lotaton Of the new securities involved.
All other considerations than the money
situation have been practically ignored dur
Ing the week.
Bonds have been quite freely sold with
stocks. United States As declined Y per
cent. as compared with the closing call OF
last week
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
Money.

New York December 13--Money on call
co and 90-day loans made under special ar
engagements; six months, 6 per cent Prime
paper, 6 per cent. Sterling exchange uomi-
nal. with actual business I'm bankers bills
at 4 81 for demand and ( SO 306l4. 81. 81 for
sixty days; posted rates 4 S4l@6I4 IS: COM
mcrcial hills S2MGi4. S3H Bar silver As
Mexican dollars 37h. Government and
railroad bonds irregular.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

principal metals. Price rates PEG Sss
even with yesterdays hgu5,es u III Ssa
ters, rim was hrmly held q" I'D
cepper market was dull and the Q Sand:
in force more or less nominal. "A sssru
1918; lake 11.e5; electroiytle , sIq sissai
11.45. Lead steady. Spelter ol tensency
Iron easier with downward ,ncSan.el
prices, which were, however uA
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
COFFEE.

New York, December ls.-Conee-- spot
Rio quiet. Futures easy, net 8 TO 10 points
down. sales, RT50 bags, January i.5ar
AGO; March 4.75d4 50; May 495; Jane sos:
July 5.05; September $40.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
London Consols.

London, December 80 Consols for money
92lt; for account 922t Bar silver steady at
80 3.l6d. Money 3m3la per cent short bills
3&M3Ts per cent; three months bills 10 16
m37s per cent.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
THE OIL MARKET.

Transaotiors Were Very Limited and the
Tone Was Weak.
Operations on the Houston on and stock
Exchange were very light yesterday and
bidding on the floor was without life
Only one stock was handled, and that
was Palestine Beaumont. Three lots Of 100
shares each of this stock changed hands
1o0 at "A cents and 200 at % cents.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

S TeicsfC oage ts sssl' H9yre and Hamburg
IS William cAT (Br.l, IIH yssnososlF
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
GALVESTON STOCK
METALS.

New York, December ia small amount
or business was transacted today In the
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

Comparative Spot Market.
The following are the closing quotations
for cotton on the spot today at the
leading markets, together with the closing
OF middling yesterday, with sales today;
Tone, Today. Yes day. Sales.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

IS bbsmpasas tAm1 New YorA
= filsr De Larrinaga (Brl r.
e AlSlers lAm.l, New Yorh u'pieo'
IS lstrar (Brl, Liverpool =
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

SIS FL Mar (Am.l, New York.
SIS Matteawan (Br.), Havre.
SIS Conway (Br1. Genoa,
SIS San Marcos (Am0, New York.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
Houston Comparstive stalement.


Houston spots closed quiet and steady.
Prices unchanged; stock 5S,1os bales; sales
1910
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
IA SMALL DECREASE IN LOANSSTLL RAINING in ARGENTINA

for land speculation on the PaclAe cosst
have created the special need and this has
given rise to some fears that the same
condition exists 10 a wide extent In other
parts Of the West thus aggravating the
tlenp Of cars. which Is believed TO be at
the root o. the present trouble In the
money market
The movement Of gold TO South America
disclosed that the London money market
has the power TO divert this demand which
Is TO satisfy claims on London through
New York, 1t Is believed a considerable
demand from that quarter ls still to be
met and the recent dividend by the Bank
fidence that the South American demand
can he diverted to New York Another
disturbing factor IN the money market
payment Of the $4,000 COO dividend on
Standard oil next Monday Presumably
money accumulated for this purpose has
been placed In temporary loans and was
chilled in for use. This is typical Of what
has been going on ell through the market
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

SIS al Rio tAm.). New York.
SIS San Marcos (Aml, New York.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
SALES
MARINE INTELLIGENCE
ARRIVED

PORT OF GALVESTON. December =,
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14

chicago. December 1s.-wheat was Hfm
today and May closed 4 higher, May corn
Ha9s lower and oats declined 4
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-12-14
Other Spot Markets.

ElYerpool-Business quiet, prices easier,
2 points down; sales 1000 bales, Of which
6300 were American; speculation and expart
500 bales; imports $4,000 bales, all Amerl.