davidaulloa/AmericanStories huggingface dataset:
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09
REPUBLICAN PROSPERITY.


NJ" tne WnEcWorkera In Two Ine
dustrtes Got Their share.
Two census bulletins on manufac-
lures just Issued. one on carriages and
wagons and the other ON typewriterH.
DO not Indicate such a surplus reserve
4 prosperity that the Republicans can
safely rely upon Ii to win victories Tor
them at the coming election.
In the carriage and wagon Industry
there was decrease OF : per cent In
average wages from 1890 10. 1860. the
wages In 1900 being $3.50 day FOR
the 62,540 earners. AS the cost OF liv-
ing increased o per cent from 1870 to
1000. the real wages 81 these workers
declined about II per cent. That means
that TO be as wen of I'm 1000 as they
were In 1870 these carriage and wagon
makers should have received SITS n
day In 1900 Instead of only $3.50. The
uinerence helps to swell the profits OF
the manufacturers. for the value OF
the product was IS per cent more in
1900 than In 1890.
In the typewriter Industry average
wages decreased Z per cent from 1890
to 1900. The value OF the product in
creased 81 per cent and the capital
employed 40 per cent. or from $i,b21,-
1S3 In 1890 TO $S,4OO.431 In 1000. AS
one OF these concerns. the Union Type
writer company, has an outstanding
capital OF $1S.00O.OOO, which Is selling
at l33, we can form an idea Of the
very great profits and the percentage
OF water In the capital OF the typewrit-
er Industry aud or the great econo-
mics OF trusts" for the trust was form
ed in 1893.
IL Is probable that there was no such
Increase In actual capital employed as
the government statistics Indicate and
that $5,OO0,0OO will cover everything.
Including the expensive selling offices
in this and foreign countries, and that
hve-slxths or the capital OF the scores
or typewriter companies Is water. u
the market value of the stock be con
sldered, the percentage OF water
still greater.
Information I'm the Democratic cam.
paign book indicates that the cost OF
making n standard typewriter IL $14;
shat II costs $50 more To- put u on the
market; that these machines nre sold
In foreign countries Mt from 500 to
500 each. the total value OF the exports
in 1902 being $3.30O.OOO: that they are
sold I'm this country at 500 each.
The typewriter industry was orig
inally n patent monopoly. At present
many OF the fundamental patents hive
expired. and the leading manufactur
ers have combined TO prevent competi
tion inside our tarim walls; hence thiA
Is now tarin trust more than n patent
monopoly. Take the tarin OF 81 per
cent away from this trust. ana the best
OF typewrltcrs would soon sell here for
$50 or 500 and probably for half these
figures. the fancy dividends on highly
watered stock would disappear ana
soon the trust-for IL Is n trust even
I'm the legal sense OF the word-would
soon have TO he reorganized with the
water on the outside.
The tarIn II great for trusts. watered
capital. big dividends and millionaires.
The high tarlff party knows where to
go for campaign funds.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09

That the Republicans at the head OF
the various bureaus in Washington oc-
casionally suppress or distort unpieas-
ant statistics Is true, but we can never
expect to have reliable statistics while
protection is on the throne ana can
continue its rule only by deceiving the
people. Our so called balance or
trade" about which the Republicans
are continually growing. exists only on
paper. Our export figures are far too
high because the trusts are ashamed
to give the very low prices charged 10
foreigners. while our imports are LaF
too low because OF differentiation ana
wholesale smuggling. These are only
instances OF our unreliable statistics.
Another is found in the attempts OF
the protected trusts to pad their -wags
roll and make wage earners feel tnes
they are Tar better of than they really
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09
Nominated For Governor.

At the recent state convention OF the
Democratic party OF Pennsylvania ex-
Governor Robert T.. Pattison was nom
mated for governor. Mr.. Pattison has
twice been elected governor OF Penn
sylvania, in 1881 and 1890. and enjoys
the distinction OF being the only Dem
ocrat elected TO that Office since the
war OF the rebellion.
Mr.. Pattison was born i'm Maryland
and is 1ifty-one years OF age. He was
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09

Just after the oleo bill was passed
there was some fear among butter
makers that the CLEO men would be-
able 10 get around the law by using
butter containing artificial cOlorlng
mnttcr IL VIII be remembered that j.
w. Wadsworth. the New York CON
gresham, tried 60 saddle the bill with
an amendment providing that "colorcd
butter shnil not be construed as color
alton" Had this become law the olea
people could have taken red butter aud
used IL TO color their mixture. thus
evading the ten cent tax. The treasury
department has settled the matter deli.
nitely In the following statement:
For example. II butter that has been
artificially colored is used Ms n compo-
nent part OF the finished product cleo
margarine (and that finished product
looks like butter OF any shade OF yell
low, as the oleomargarIne is not free
from artificial coloratIon. the tax OF 10
cents per pound Will be assessed and
collected"
That seems to settle II 80 far as col
ored butter is concerned, and we think
honest people Will agree that 1t Is fair
TO all.-Rurai New Yorker.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09
Will Make
Affidavit
New Lease OF Life for ma Iow&
Postmaster.

Postmaster r. II. Randall, Dunlap, Ia, ,
says: I suffered from indigestion and re-
sulting evils for years. Finally tried
Kodol. soon knew I had found what
l had long looked for. lam better today
shan In years. Kodol gave me . nav
lease Of life. Anyone can have my AZ
fidavit 70 the truth of this staseme.nt. :"
Kodol digests your food This enables the
system 70 assimilAts supplies. Etronk then.
ing every organ and restoring health.
KodoI Makes You Strong.
Prepared oEly By =. @. DxWzrr 4 Co. chieafo
Thsu, tp3sle sop;sisssx Uas< 80 scss sOes
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09

OF the Royal College OF Surgeons and
Tor many years has been distin.
Suished operator and surgeon In Lon.
DON He was one OF the many numer-
Gus medical men who went 10 South
Africa during the progress OF the re.
cent war for the purpose OF enlarglns
his clinical experience. For more than
twenty years he has been recognized
as an authority on abdominal opera.
tons.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09
An Revoir of the Cambou..

Jules CambOn. the French embassa.
dor. With his wife. sailed the other day
from New York for France The en-
bassador commented OH the good feel
Ing existing between the two repub-
lies. Nine. Cambon. who Is a compar.
alive stranger In Americv:. said. What
struck me most was the independent
ways OF the American women"
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09

educated in Philadelphia. which city
has been his home since boyhood. He
studied law and was admitted to the
bar in 1872. He entered politics soon
after taking up the practice or law
and was elected city comptroller OF
Philadelphia In 1877 and WAS reelected
In 1880. but resigned to become gov
ernor. to which position h. was elected,
as stated above. in 1891. at the age OF
thirty-one.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09

Colonel Quincy o. NJ Gilmore has
been appointed by Governor Murphy
OF New Jersey brlgadier general. sue
ceediDg the late General Cooper In
command OF the Second brigade OF the
New Jersey national guard. Colonel
Gilmore assumes command at the Ses
Grit enCampment
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1903-01-09
children of Republican Policy.

Senator Jones OF Arkansas. chairman
Of the Democratic national committee.
said TO n Washington correspondent
the other day:
'"fhe beef trust and the coal trust
are the offspring or Republican policyi
the one has given us high prices upon
staple food product and the other has
caused the most disastrous strike In
tho country in many years.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12
MONEY REPORTS

WASHINGTON, Nov. 12.--To-day's statement
of the treasury balances in the general fund,
exclusive of the $780, OCO, 900 gold in the
division Of redemption, shows: Available cash
balances, $223, 1858 473 gold, $115 $40 silver
United ii States g, a RStes I.ni
notes, ST. 994, 7s9; total receipts this day 81,
953; total receipts this month SIG 931 81; fatal
receipts this year, $207, 329, 257; total expendi
lures this day, 81, $50, 900; total expenditures
year, 5000, 13S, O17& deposits in national banks
new NEW YORK, Nov. 12.-c1ose Prime mer-
camille paper, per cent; sterling exchange
steadier with actual business In bankers. bills
at 81 So. 3o@4 $40 for demand and at 81 70 e q
ei479 So for sixty day bills posted rates s. 80
@4.S1 and $4.s4@4. s5 commercial bills S4.19A;
har silver SIZE; Mexican dollars, 44c; govern
lnent bonds weak; railroad bonds irregular
MINNEAPOLIS, Nov. 12.-Bank clearings to-
day So. $50, 1851; for the week. VI ,SsS, II 6s
buying rate, Coo discount; Chicago exchange.
selling rate 1Oc premium; buying rate, lQc
discount; London 60-day sight documentary, "a -.
ST. PAUL--Bank clearlngs, Slit, 4Oo6 so; for
the week. 81. 491, 0s7. 36. !.
the Bank of England shows the following
changes: Total reserve fund decreased .R1s2s-
600: circulation decreased 900; bullion de-
creased E3S9, OO4; other securities decreased
1854 900; other deposits decreased az e & 600;
Decreased ETl2,OOo. The proportion OF the
banks reserve to liability this week Is 1919 per
cent as compared with 80 per cent last week.
There was no change in the Bank OF England
rate of discount.
PARIS, Nov. 1.-THE weekly statement OF the
Bank of France shows the following changes:
Notes in circulation decreased 700 GOO francs;
treasury accounts current increased 16,l2S, o0c
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12
THE IRON AGE REVIEW

New York. Nov. 12.-Our monthly blast fur
mace statistics indicate clearly how rapidly the
manufacturers raalt Of pig iron adjusting them,
The greater Tart Of the decline. about so. 900
tons per week since Oct. l, is due to the central
west. The south. however. is driving ahead
at q pretty full rate and is crowding the markets
with Offers considerably below the prices Of COM
peting districts.
Interest has shifted from the crude iron indus
try to the finished products and here somewhat
extraordinary developments have taken place.
We have the spectacle of certain lines being
reduced sharply while prices have been re-
anlrnled In Others under conditions which seem
identical on the surface In steel bars there
has been reduction of Sc per net ton, forced
apparently by the long lead which iron bars
have had for some time. In hoops and bands
there has been reduction Of IS to Sc per net
ton and In tin plate reduction from SIS. 80 per
box to So. 80 has just been announced. -.
1T is quiet evident that in these branches the
manufacturers have started out to find the level
at which consumers will take hold with the evil
tonnage Is being held back
In other branches, after good deal Of dis.
cussion radically different opinions seem 70 have
prevailed. THIS Is notably true of steel plates
and structural shapes. The point is made that
prices were kept down during the boou and the
decline in raw materials has really brought them
back to harmony with the old prices on finished
material. To the industry at large the decision
means at least some, If possibly not much, re
striction of consumption
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12
May Goes Shade Under 1880 and
December Sells Down to
757sc.
Receipts at Country Points Lighter,
and This Will Show Here
Later.
Clearances Heavy, 100000 Bushels
Coarse Grains Sell Off
Also.

Minneapolis Chamber of Commerce, Nov.
12-Less favorable weather checked the
decline in wheat and brought show OF
strength at the opening this morning, this
turning into quiet flrmness with the mar
ketsdull and waiting May was up sc to
77Bc, but eased off later to Iessc, while
December, after the opening firmness, sold
under 78c. Local traders were inclined to
think a change has come and that the
decline has been checked. Over the north
west generally there was snow, and more
snow is predicted. This is seasonable
weather and is not bad except that it
comes after long period of continued
good weather which induced the bearish-
ness. Chicago is still talking extremely
bearish. A big Chicago house sent out a
message predicting decline In wheat be-
cause the movement is now on and likely
to be increasingly heavy. Another house
wired it's opinion broadcast to the effect
that whether the Jones estimate Is right
or the other estimates are right, whether
there was a crop Of 147, 100000 bu or a
crop of 200. 900. 900 is immaterial at this
time, as heavy receipts show up heavy on
any crop and wheat should be sold as re-
ceipts are going to be heavy. But IN Min
neapolis there were this morning only 400
cars against 731, a falling off Of 27S cars.
Duluth had 356 against 253 and M1nneap-
oils and Duluth together 800 against 9s4,
a. falling off Of 175 cars. Chicago had l32
against 1o2, and the three markets had
al against 1885 or l46 less than laSt
year. There was nothing very bearish in
this. Kansas City had almost twice as
much as last year, or 100 cars against IL,
but st. Louis got only $4,000 bu against
$4,000 bu. The advices received here are
to the effect that for a day or two deliv-
cries Of wheat In the country have been
smaller and the present weather is not
likely to increase them any. Aside from
the weather northwest there were rains
east of the Mississippi covering Illinois
and a good part of the Ohio valley Rain
or snow turning to rains Is predicted Tor
the Dakotas, Minnesota, Illinois Indiana,
Missouri, Michigan, Wisconsin, Iowa, Ne
braska and Kansas.
Local elevator stocks increased $4,000
bu up to this morning.
Primary receipts, 1,293,000 bu against
1431 900 and shipments $4,000 against
451. 900. a.
Wheat and flour clearances, 1000 bu.
The Price Current says the growing WIN
ter wheat Is doing well, but notes that the
interior movement Of old wheat is light.
Liverpool closed 1A@5sd lower.
= Near the close the market sold off again,
December going to 75Bc and May to 76A
D76ssc. The close was easy. 49,.
Fifteen loads were reported at the sea-
board. ~
Excellent demand was on for cash wheat
and while the prices later in the session
were off, in line with the option, much
Of the early business was at firm prices.
There was demand for No. northern to
arrive and sales at 1880 to 77Ac. No.
TO arrive sold at 76c. ....
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12
FINANCIAL. GOSSIP

1t is rumored that J. j. Hill has purchased
from ]. r. Morgan & Co. big block of Northern
Securities. The amount Is placed at $40, O00,-
900.
! A cut of 25 cents per ton on btuminous coal
at tidewater7 has been made; also a 10-cent cut
on inferior grades.
= Steel corporation reported to have sold $780,
900 Of it's bonds to big life insurance COM
pany.
The Iron Age reports the pig iron output re-
duced by 10000 tons week.
The Baltimore & Ohio report for the year will
be published Monday, Nov, &c. as follows: Gross
earnings, $63, 449 633, increase of IS, 1873
total expenses $39 $50, 953, increase of $2994,-
l5S; net earnings SOB 879, $50, increase $2994,-
15s. The percentage of expenses to earnings
shows decrease Of 1877 per cent. The affi-
ated lines, whose total net earnings only
about $1,500,OOO, show small decrease over
last year. 49,
Finley Darrell & Co. say: The beginning Of
large gold import movement had temporary ef-
feet upon the market The public is not buying,
and the traders are nearly oil working on the
bear side. Pennsylvania and Baltimore & Ohio
will probably go lower, but should be sold only
on bulges M.
New York to Lewis: The Pennsylvania will
put on new fast thru train between Toledo
and Pittsburg, on Nov. %. This is taken as an
indication OF a. fight between the Wabash and
the. Pennsylvania.
Logan to Stephens: Too much company on the
bear side. Prices already discount all that can
happen. Watch and wait and buy, good stocks
when the break comes, If 1T does, which we
doubt.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12
AN ATTACK ON PENN
Selling Movement in That Stock
Continues, Driving It Down
to 111114.
When This Point Was Reached the
Entire Market Gave Way in
Sympathy.

New York, Nov. 12-There were 5000
shares OF Pennsylvania marketed at the
opening of the stock market at 1925 and
ll2ss compared with 112N last night The
price subsequently ran off to#111A, yes
terday's low level. United States Steel
preferred was carried up u on successive
purchase of large blocks. Prices in the
money list showed very slight changes
but such as they were, were gains.
continuation of the recent enormous
sales Of Pennsylvania forced it to 111B, a
new low level for the movement. Affiliat-
ed stocks weakened in sympathy and the
general market felt the impression pro-
duced by the wholesale unexplained liqui-
dation. Minneapolis & st. Louis and New
Haven yielded IL. The determined sup
port of PENNSYLVANIA about III caused a
better tone. United States Steel pre-
ferred. Sugar and Amalgamated Copper
rose 1QD1as.
Pennsylvania f1uctuated frequently and
got as low as 111A, but its good resistance
left the general list free from sympathetic
response except in Reading, which fell
| 11s and Central Railroad of New Jersey
which lost 21a, Sugar rose an extreme Us
Pacific Mail IN and Canadian Southern.
Chicago & Alton preferred, Tennessee Coal
preferred 1913. Bonds We're steady at
noon.
A brief selling movement In United
States Steel preferred cancelled its gain
fected. American Car preferred and Lake
Erie & Western declined point each and
Reading second preferred 2.
| Pennsylvania broke thru support at IL
and gave way to 111A and the market
gave way in sympathy. Sugar reacted a
point and Atchison, Cleveland. Cincinnati,
Chicago & St.Louis, and Hooking Valley
preferred lost point. Minneapolis & St
Louis rallied a point over last night and
Ice preferred gained 2M.
! Pennsylvania ran off to 110A in the late
dealings and the whole market weakened
insympathy. The response was most
marked in the coalers. Reading lost 21z
Delaware & Hudson g. and Norfolk &
Western q. Cotton Oil fell 21s, Colorado
& Southern first preferred ~, Colorado
Fuel 21s and losses reached a point in Bal
timore & Ohio, Chesapeake & Ohio, st
Paul. Missouri Pacific, Kansas & Texas
preferred, Manhattan and Rock Island
Amalgamated rose again to be best but
the market showed little resilfency. The
close was steady and dull
! Stock quotations reported for The Journal by
| Watson & Co., brokers', Chamber tof Commerce
| Minneapolis:
Closing figures nre bid.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12
THE CASH TRADE
GOOD TRADE IN COARSE GRAINS AT EAs-
TER PRICES.

FrAx-Firmness ruled in fax, the No. l seed
holding at 931ac. There was business IN rouno
lots to arrive at the same figure. REJECTED
brought 81 &c to 921Ac, and grade &c. Local
crushers bought sparingly. Elevators and ship
pers took some
year and shipped 9. Duluth received 1So cars
CLOSING prices: Minnea polis-Cash, 9s1Ac; to
arrive S31ac; November, 931ac; December, 93lsc;
May, 96ssc.
0ATs@A fair market in oats at prices, firm
GRADES No. white closed at 321ac. Receipts,
SO cars: shipments, SO cars
}CORN-Receipts none shipments, cars NO.
Q yellow corn closed at 43c.
FEED AND MEAL-Coarse corn meal rAl
cracked corn, in sacks, sacks extra, $165o; No
sacks extra SIT; No. ground feed q corn and
~ oats, 75-lb sacks, sacks extra, $ll NO; .
ground feed, 13 and 2-3 oats, 75-lb SACKS
sacks extra, $1S.
MIILsTUFFs- are revised today % ay, and
shorts and red dog are Lover other oo grades re
reported for ali grades. Bran in bulk $13.25;
shorts in bulk, S13.25; -four middlings, S15.25;
rod dog S1S; all f b in Minneapolis: in 1OQ-lb
sucks, $3.50 per ton additional. Shipments,
-' BSRgEY-Feed grades quoted at a5@4ec:
mailing grades. 4e@55c receipts, % cars; snip
iNs RYEVneceipts, o cars; shipments cars;
No 2 closed at 50hc.
HAY-Large receipts of hay. continue. The
demand is satisfactory with prices easy on al
3. s6@6. 30; upland No. 1, $1@s: upland, choice.
IS 5o@9: upland, No. 2, SCAT; No. 3 $5@6;
straw rye $50l6; straw, wheat and oats, $500:
Q4.5o. Receipts 1870 tons; shipments, 50 tons.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12
GRAIN TRADE GOSSIP

Price Current says: Growing wheat is in favor
able position for winter conditions. Corn husk-
ing results average about as expected. Interior
wheat movement light.
e. W.. Wagner and Harris-Gates have been
the best buyers of Chicago May oats this morn
ing.
Chicago-Harris Gates best buyers December
wheat. This may be prediction Of bad
weather in the northwest
Partridge, Chicago to Lewis: think the
buying good deal better than the selling in
wheat this morning. 1 believe this is break
enough
Chicago to Watson: Peavey buying May wheat
this break.
Finley Darrell buying December corn.
Packers buying corn.
Faris close: Wheat SOLO centimes lower;
-four unchanged to 20 centimes lower.
Watson, from Chicago Been considerable
short wheat covered to-day by Harris-Gates and
others.
The seaboard reports is loads wheat and 10
loads of corn.
Laidley & Kneeland good sellers of May and
December heat in Chicago.
Harris Gates big buyers Of wheat In Chicago.
cable from Russia says drought In southern
Russia has cut the seeding to half Of hat it was
in 1902.
Moore to Watson: Think Patten has covered
his short wheat this morning thru Harris-Gates
and Rartlett-Fraz1er.
Clearances: wheat and -four, $4,000 bu; corn,
4S6, 900; oats. 10000.
Liverpool close: Wheat. 1a@hd lower. Corn,
Z 4 4 marginal price of s3c has been fixed fol
December wheat at st. Louis. 1t was SIC
before.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12
LoNpoN c1osING srocKs No.

LONDON CLOSING STOCKS, Nov. 12.-C onsols
conda, 3A; .Atchison. ex-dividend, 65H Atchi-
son preferred, 90; Baltimore s. Ohio, 76is Cana
dian Pacific, 12lh; Chesapeake & Ohio. ex div
ca 60 Milwaukee s St. Paul 141Ia; De Beers.
20h; Denver : Rio Grande 1911; Denver &
preferred. eSM; Erie second preferred, 491A;
Illinois Central 1881; Louisville s Nashville,
l02!a; Missouri, Kansas & Texas, 16M; NeSy
Norfolk \ Western preferred, SO; Ontario &
Western, 2OA Pennsylvania, ex-dividend, 5sls
Maaa Mines; sA Reading 2lA Reading first
Southern Railway, 177s; Southern Railway pre-.
ferred, %; Southern Pacific, 1925; Union Pacific
52Hs; Union Pacific preferred. SO; United States
Steel, IL United States Steel preferred 53;N
Wabash, 10; Wabash preferred, 331a.
Money, 3AQ l4 per cent
Bar silver firm, 20 Oiled per ounce.
The rate Of discount in the open market 70,
short short bills fs 41s@4h per cent The rate OF
discount IN the open market for three months
bills is hM4A per cent.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-11-12

easier opening in corn, December being un-
changed to Ac lower at 41Bc to 42hc. but on
good demand from commission houses the price
on December advanced to 421ac but later react
ed to 42hc. Local receipts were 2O3 cars, with
Is. of contract grade.
Close: Corn-November, 41Ac; December
41Nc; January, 4oasc; May 41ssc; July, ii u
@41Ac.
Cash Corn-No. 2 42A @43c; No. 5, 42s4 @4sc
and there. was considerable selling by early
buyers which resulted in lower prices. De-
cember closed % G14c lower, at 41Ac.
Covering by shorts in December oats caused
a steady feeling in that grain. the opening being
g shade lower to A@hc higher at 33%c to
81 1ac Local receipts We're 225 cars.
- Close: oats-November. 3314c; December
S3c; May, s41s @34Ac; July. 32Mc.
The following was the range of prices: