davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
arrant g. Kings
Cotton Letter.
Especial to News and Observer


New York, Jan. 13.-The failure of
Prices to advance more at the opening
on the favorable Liverpool advices, dis
appointed 4 great many and brought out
considerable cotton. March sold down to
$50 and May to SCI. Profit taking was
general and those who sold are inclined
10 wait for further reaction before
buying. One factor against an advance
is the STEADY stream of January that
las been coming on the market.
Receipts at Houston were somewhat
larger, and it is expected after this week,
if the weather improves, that receipts
should run ahead of last year The
amount in sight SO far is less than T0,-
Geo bales over last year, and to make
an 100000 bale crop, as nearly every
one expects, there must be a very con-
siderable increase in the receipts before
loLg. Spot markets continue firm
throughout the South, and New Orleans
still retains their premium of about 10
points for the May option over this
market. TARRANT & KING,
68 Broad Street.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
STOCKS AND BONDS.

New York, JAN 13-The stock market
made a further reaction today and was
heavy or weak during most of the ses-
sion, but made some recovery during the
last hour, and closed irregular. The
heaviness of the market had no better
explanation than yesterday. Money aG-
vanced from Az per cent at the opening
to per cent, but no difficulty was ex-
perienced in getting it and little St
tention seemed to be paid to the money
situation by the operators in stocks.
This was not true, however of the
foreign exchange market, and the anxiety
felt in regard to that development was
due, Of course, to the probable effect on
money. Londons operations in stocks
here were not on large scale and did
not influence exchange. The effect in
Berlin yesterday of the foreshadowing
of q German loan was duplicated in Lon
don today by the expectation of an early
announcement of Transvaal loan
These government operations are proba-
blv the true explanation of the harden
ing of foreign money rates. and it is be-
lieved that our obligations to foreign
money centers are still sufficient to per-
nit them to drag gold from us in case
of need.
Renewed strength in Erie and St. Pau
this morning and vigorous support o.
Reading seemed to be designed to re
assure speculative sentiment, but whel
it was perceived that advantage was be-
ing taken of this sustaining influence t.
effect large selling of Rock Island, th'
selling was renewed throughout the list
and there was no important recover,
until the last hour, when Manhattan wal
lifted two points over last night, ant
Erie was run up again to the top leve
of the morning Contributory causes t.
the heayiness were the steps taken il
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
Some. Recovery Made in the
Last Hour.
THE CLOSE Is IRREGULAR
A Better Tone Of EARLY Cables Than Anticipated
Causes an Adylnc, in The Opening Of
Cotton Markell Southern Mar
kets Strong.
(By the Associated Press.)

New York, Jan. 13.-There has been
en- increased number of buyers in the
market today with more business doing
on the spot in the general run of cotton
goods Oh home account The export de-
mand has been dull. Print cloths are
quiet lut very firm. Cotton hosiery am.
underwear in fair demand and marker
generally in good shape
NEW YORK COTTON.
New York Jan. 13.-The cotton market
opened quiet at an advance of points
The improvement was due to a better
tone OF early cables than had been LOOK
cd for The market soon became easier
There was some demand from commits
sion hous es on outside orders and 3o1ne
buying Oh European account. But as
soon as the outside demand subsidized the
local traders took advantage of the duit-
ness that followed, and sold in a mod
crate manner and with the result of de-
pressing prices to the extent of TO {
points from the opening figures. Later
in the session there was a partial rally
on covering. The market closed quiet
and steady at net unchanged prices TO a
net decline of points. Total sales Of
futures estimated at $4,000 bales.
Selling was checked by the compare
tive stability of the Southern spot mark
cts New Orleans alone reporting any
decline, one-sixteenth, while private
wires said that there was very little
pressure of spot cotton and that desira-
bic working cottons were commanding
nriCpc which tn "a
on account of their relative scarcity.
There was an absence of the Wall street
interest that has so long been factor
in the local market.
NFw YORK. Jan. y3.-Cotton futures open
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
NEW YORK MONEY.

NEW YORK. Jan. 10 p. m-Money on cali
steady at 4aS per cent; closing offered
days 81 per cent; 90 lays 5 per cent?
six months per cent. Prime mercantile
paper 81 per cent; sterling exchange strong
4.s6.95 for demand and at IS 20 for 60
days. Posted rates 4S4h and 4S7X: Com
mercial bills 488AD4 S3A; Bar silver 47T:
Mexican dollars 37%, Government bonds
irregular.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
NORTH CAROLINA, WAKE COUNTY

ANOIN II O1A1Nol%AAN1y w AMI SOSANL
In Superior Court.
II. H. Harris, Admir-. of F. L. B. Harris,
Assignee of J. A. Vann. Mortgagee,
VS..
S. G. Vann, ]. T. Vann L. l.. Vann, NJ. E.
Vann, ct al-Notice.
The above defendants. ]. T. Vann L.
L. Vann and M. e. Vann will take notice
that an action entitled as above has been
commenced in the Superior Court of
Wake county to surcharge and falsify
the executors account and TO foreclose
a mortgage upon real estate, and the
said defendants will further take notice
that they are required to appear at the
next term of the Superior court Of said
county to be held on the third Monday
in March. 1908, at the court house in
said county, in Raleigh, N. c., and answer
or demur to the complaint in said action
or the plaintiff will apply to the court for
the relief demanded in said complaint
This January 18th, 1908.
w NJ. RUSS. c. s. c.,
Wake County.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
GRAIN AND PROVISIONS,

Chicago Jan. 13.-There was a good
trade in wheat today and the market
was strong o. decidedly bullish news,
May closing ssc higher. May corn was
up Il cents, while oats were "A to Y
cent higher. Provisions were barely
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
Among the Railroads.

Forest City, ~ c., January 1S.-The
freight train on the Southern, as 1t was
going South, was wrecked just east OF
here. The wreck was caused by the
spreading of the rails and three cars
were thrown from the track ana
badly battered up. No lives were
lost, and no one hurt, except Mr..
Lloyd Alexander, a trainman, who sus-
tanned a slight injury on his nand.
Twenty barrels of whiskey We're scat
tered about the scene, and some of it
stood in puddles near the track A good
many people went out from here
to view the wreck. Wrecking crews are
now at work clearing up the debris, al
though they were unable 60 let the south
bound passenger train through tonight.
Rutherfordton, N. c., Jan. 13-The Sea-
board has put in new spring switch at
Duncan e. Arrowood's store, below Cox s
crossing.
The Seaboard is buying big lot Of
heavy lumber in Rutherford county to
build box cars. Contract for several
hundred thousand feet has been given
and the timber is being gotten out as
fast as possible.
Rutherford, N. c., Jan. 13.-The new
iron railing for the Seaboard railroad
was brought up on the freight, and work
was begun Saturday morning from the
station. The new track will be laid to
Cox's crossing. Entirely new railing has
been put in from Shelby to the crossing.
Also new spring switches, turn tables,
etc, has within the last month been
placed.
New roadbed and other improvements
that have been made along the line
have made It possible for the Seaboard
to establish the eight-hour service be-
tween Atlanta and Charlotte.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14

New Orleans, JAM 13.-Spot cotton con-
tinues in good demand. There was more
inquiry today for the better grades and
prices for those qualities were compare
lively we'll maintained. Average lists,
however, owing to the superabundancc of
offerings were less easy to move and
sellers readily made concessions in Or
der to clear their table. Sales $3.50 bales
including 1850 f. o. b. and 500 to arrive
Quotations LIS lower.
Interest in contracts today was extend
ed somewhat beyond the three active
months of March, May and July From
the opening a decided undercurrent Of
bearish sentiment was in evidence. Liv.
erpoois further declines of points on
spot and one on deliveries added to the
fact that the movement is again distinct
lively heavy in Texas, served to infiu-
ence u rather weak opening on this side
where the initial move was made close
to yesterdays closing level and there
after prices sagged down slowly. There
were occasional slight reactions result
ing from the realizing purchases by room
traders but the general trend of values
was downward, the close showing net
losses of one to four points On the day.
NEW ORLEANS. LA. Jan. 10 Cotton futures
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
NOTICE.

Notice is hereby given that application
will be made to the present General As
sembly of North Carolina to amend the
charter of the town Of Hartford and to
extend it's corporate limits.
MANY VOTERS.
January 13, 1908.
1-14-30t
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
NOTICE.

Application will be made to the Gen
eral Assembly by the Board of Aldermen
of Wake Forest to change the corporate
limits. SOL. j. ALLEN. Mayor.
ISL mo
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
OTHER COTTON MARK ETs.
Kan. RECEIPTS.
sEABoARD STOCKS AND BONDS.

BALTIMORE. Jan. 10 Seaboard Air Line
common 26A; preferred - asked.
. Bouds-Ps, S3S.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
BONDS.

Hook. V. I-2 s1Oo
l.. Il N. uni. as 100
Mex. Cen. 4's.... II
do 1st Inc. 20
Mimi. & St.L 4's103H
Nj. x. & T. 49,. 97h
. 2nd's...... san
N. {. G. lists.
do gen 3 1-2'.104
N }. G. gen. 5's..133A
No. Pac. 4's......103A
=" 3's. 73B
N. &. W.con. 4's.10OA
Reading gen. as 98A
st l. u | Mton SIS II 81
st. L. &S Fgen4's 94h
St.L. S'wes u.s.. 95
do 2's........ S5b
s. A.&A.Pass as IS
So. Pac. 4s...... 91H
So. Railway 5's..l17
T. 81 P. lists. 5k
T.. ,St.L&W As. 76h
Union Pac. As. 1854
do. cow. 4's.1o6%
Wabash 1sts....117H
3" ends ........1o9K
do. Deb. b.. 76A
West Shore 4s..11O
w > l., e. as. 925S
wis. Cen. 4's.... o1k
Mobile q o. as. OAK
Con. Tob.. as. COW
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14

steady and May options closed from d
.hade higher to five cents lower.
Lending futures rsuveo AS foiIows
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
NEW ORLEANS. LA. Jan. Is Cotton futures
closed steady.
LIVERPOOL.

LIVERPOOL. Jan. 50 p. m. -Cooton Spot
moderate demand. lower, American mid
dug fair s.3E; good middling 49,: mid
as; ordinary Asa The "a es of the day
were 1000 bales. of which 500 were fog
speculation and export. and included rs 90
American. RECEIPTS 5000 bales, nclnIing
c.100 American.
Fntures onened uuiet and closed tse dy.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14

J.S.Ref. 2's reg..i08A
s. 8. Ref. 2's cou 1857
u. S.3's reg .."..10oA
i" coup ........107A
q. 8. new as reg 1851
F" coup ....,...136
Us. old As reg.1o9a
3" coup ......10o%
u. 8. SIS reg.....1C4
4" COUP. .104
Atch 'sn Gen. 4's.1ooK
" adj 4's...... 9oN
Bait. & o. as. .1O2K
do 8 LES. 994
do cow. 4's..1O4N
Can. So. 2nds....1O7N
G. Of G.. 5's.......107
d" LIST incomes. 70
" I'd incomes 60
G. IL o. ANS. .1O5H
G. & A. 3 1-2's... 7Sh
c.. B. & Q. "a. 81
CM&StP gen 4's111h
G. q N. con 7's..135
c., r. l. & p. 4's.io8
CCC&SLgen4's 1O2
Chicago Ter. AZ. 81
Colo. So. 4's..... OAK
D q. Rio Gas. 90
e. prior lien as. 97h
Erie Gen 4's..... esS
F.W. &.D.C.1sts .111H
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
SEABOARD
AIR LINE RAILWAY

Short Line to principal cities of the
South and Southwest, Florida, Cuba
Texas, California and Mexico, also North
and Northwest, Washington. Baltimore,
Philadelphia, New York. Boston, Cincin-
natl, Chicago, Indianapolis, st. Louis
Memphis and Kansas City.
Trains leave Raleigh as follows:
No. 50 NORTHBoUND.
1:20 a. m.-"SEABOARD EXPRESS"
Norfolk, Portsmouth, Richmond Washing
ton, Baltimore, Philadelphia, New York,
Boston and all points North, Northeast and
Northwest.
No. 3S.
11:15 A. NJ. "SEABOARD LOCAL MAIL
For ALL POINTS from Raleigh to Portf
mouth Norna to Richmond; connects a,
Henderson for oxford and Weldon with A
G. L.; at Por tsmouth- Norfolk with All
STEAMERS for points North and Northeast.
No. &C..
1850 A. M. "SEABOARD MAIL" FOR
Richmond, Washington, Baltimore. Phia.
delphia, New York and Boston. Connects
at Richmond with C. & o. for Cincinnati,
Chicago and st. Louis; at Washington with
Pennsylvania and b. s. o. for all points.
No. 81. sOUTHBOUND.
5:25 a. m.-"sEABOARD EXPRESS
For Charlotte, Atlanta Columbia Charles
Tampa and all points South and Southwest.
No. Al.
400 p. m.-SEABOARD LOCAL MAIL
For Charlotte Atlanta and all local points
Connects at Atlanta for all points South
and Southwest.
No. q.
6:27 p. m. "SEABOARD MAIL" for
Southern Pines Pinehurst. Atlanta, Column
bia. Charleston, Savannah, Jacksonville,
Tampa and ell points South and Southwest.
Tickets on sale to all poins. Pullman
berths reserved Tickets delivered and bag
gage checked from Hotel and Residences
without extra charge at
Uptown icket Office
Marlborough House Building.
C. H. Gattis, G. t. and P. A.
Phones III. Raleigh, n. c.
H. S. LEARD, T. P. A j.,
Raleigh NJ
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14

The market closed quiet and eaiy.
BARBEE & co.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-14
Nrw YORK. Jan. ,3.-Cotton futures open.
NEW ORLEANS COTTON.

Spot cotton closed quiet; middling up
lands 8.8S; middiing Gulf Y.I0; sales 20, o
bales.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-02
SENATOR HOARs TRUST BILL.
Has Completed It and It Will Be
Ready to Distribute Tonight.

Senator Hoar spent today in his commit
tee room at the Capitol, where he was en-
gagged in the preparation of a speech on his
bill to regulate trusts. On the day Con-
gress adjourned Senator Hoar introduced
this bill by title only, in order that as soon
as 1t should be completed he should have it
printed and ready for the examination OF
senators when they come together on the
9th instant He has completed the bill, and
today announced that 1t would be ready for
distribution this evening.
This measure is personal one, about
which Senator Hoar has not consulted any
one except in the most general way. 1t is
believed 1t will be as new to every member
Of the committee on the judiciary as it Is to
the public generally. There is current an
impression that it will provide for the
Strengthening of the Sherman act and for
giving the Attorney General ample funds
brought by the Department OF Justice. If
1t Is entirely acceptable to the administra-
tion, 1t will be because the administration
approves it rather than because it is drawn
in strict accordance with what may have
been suggested as the wishes of the admin
istration.
Senator Hoar's speech upon the bill will
be one of the greatest efforts of his life, as
the bill has been the subject of much
thought by him. 1t is believed it will have
the support of the committee, with very lit
tie discussion.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-02
REVOLT IN MOROCCO
French Troops Hurried For
ward From Oran.
BAD SITUATION AT FEZ
THE SULTAN MAY ABANDON HIS
CAPITAL.
Would Retire to Sabat, Raise Standard
of Islam and Declare
Holy War.
BAD SITUATION AT FEZ

PARIS, January 2.-Telegrams received
here from Oran, Algeria, announce that
detachment Of French Zouaves have been
ordered to the Moorish frontier.
TANGIER, Morocco, January 2.-The
pretender has issued a proclamation an
nouncing that he is not fighting for the
throne for himself. but for the sultan s
imprisoned brother, Mulai Mohammed, sur
named the 'One-Eyed.'
1t Is now confirmed that the sultan has
ordered his brothers release and that the
honors Of his rank be paid to him.
The governor, at a recent conference with
the Kabyle chiefs, pointed out to them
that they are desponsible for the safety Of
the roads running through their territory.
The Spanish sloop-of-war Infanta Isabel
and the Portuguese cruiser Rainha Amelia
have arrived here.
Advices from Fee under yesterdays date
have been received here. Guns were then
being mounted on the walls for the defense
of the city, but the rebels remained In
active. They have not sufficient supplies
for expeditions from their headquarters.
The city of FeZ continued quiet, but the
dearness of food was causing discomfort.
If the situation becomes more grave the
sultan will abandon the capital, retire to
Rabat, and summon the border tribes to a
holy war" The sultan will then proclaim
himself shereef and defender of Islam, re-
nounce all European leanings, and then. at
the head of new forces, attempt to retake
Fee.
OF Spanish reinfOrcementS to Morocco has
been contermanded. The latest advices
from Fez, Morocco, say that city remains
calm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-02
AGAIN AT CULEBRA
REASSEMBLING OF THE COMBIN-
ED soUADRoNs.
Disposition of the Vessels at the Con-
clusion of the Maneuvers Prac-
tically Determined.

Secretary Moody has received the follow
ing message from Admiral Dewey, dated
San Juan, P. R., December 81, In regard
to the squadrons engaged in the naval
maneuvers in the West Indies:
Combined squadrons reassembled at
Culebra: visits to various West Indian
ports most cordially welcomed; effect ex-
cellent in every respect; fleet continuing
tactical exercise; marine and torpedo flo
tila engaged in special drills, including
night attack by the latter upon designated
ships; E. Bradley, coal passer, drowned in
sinking of Newarks steam cutter by COL
lision with torpedo boat"
The Navy Department has practically
determined upon the disposition of the
ships in the West Indies at the conclusion
Of the maneuvers the middle of this month.
the European station probably with the
battle ship Illinois as his flagship and
will take with him the cruisers Chicago
and Albany. Rear Admiral Sumner, in
command of the south Atlantic station,
will lose the battle ship Iowa. which will
be attached to the north Atlantic station,
and the cruiser Newark will carry his flag.
The cruiser Baltimore will be added to the
south Atlantic fleet. The entire north At
lantic fleet will probably remain in Carib-
bean waters until March, when it will
ber of gulf ports. The San Francisco will
be added to the European squadron after
she has undergone extensive repairs. 1t is
probable that the torpedo boat fiotilla will
come north Immediately upon the conclu-
sion Of the maneuvers, about January 10.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-02
DRIVEN TO RESIGN.
Minnie M. Cox, Colored, Gave Up the
Indianola, Miss, Post Office.

The Post Office Department is having
trouble in maintaining the post Office at In
dianola. Miss. owing to the protests of the
white population of the town against the
retention in office of the present postmis-
tress, Minnie NJ. Cox, who is colored. AS
result Of the fight made against her she has
resigned and has closed up the post office.
She was appointed to her position by Pres
ident Roosevelt and entered upon the duties
Of her office. The residents of the town
protested vigorously against the appoint
ment of a colored woman to the place in
the first instance, and after the appoint
ment had been made the white population
subjected her to all sorts Of petty annoy
ances. These became so great that she
finally closed up the office and resigned.
The resignation was received by the fourth
assistant postmaster general this morning
and was turned over to the Postmaster
General for consideration.
1t is understood that the closing OF the
post office has resulted in serious damage
to the business interests of the place, and
several dispatches have been received at
the Post Office Department requesting i'm
mediate action.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-02
AUSTRIA TO RAISE DUTIES.
United States and Great Britain Will
Be Affected.

VIENNA. January 2.-Precise details of
the higher duties which the government
IS decided on will be determined upon
within a fortnight. The duties on both
grain and manufactured articles will be
considerably increased, which Is likely to
seriously affect both the United States and
Great Britain, who are respectively the
third and second largest exporters Of man.
ufactured articles to Austria. 1t is thought
here that Great Britain will be the greater
sufferer. since the United States Is better
able to protect herself. by adopting retalia-
.ory measures.
The esterm of the new Ausgleich has been
fixed at ten years. indicating that CONNER
cial treaties which will be based this
new tariff agreement will be concluded for
a like period. The agreement is the result
of compromises on the part Of both Austria
and Hungary. The two premiers wished to
resign. asserting that they were unable to
reach an agreement. Emperor Francis Jo-
seph, however. refused to consent to this
and insisted that the Ausgleich must be
completed before midnight December 81.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-02
PRESIDENT cAsrRo's CONDITION.
Wanted His Case Heard by the Head
Of an American Republic.

The condition which President Castro
attached to his response to the allies arbi-
tration proposal was in the nature of an
alternative proposition. Almost from the
be beginning showing an aversion to The
Hague tribunal, President Castro, while ac-
cepting the principle Of arbitration, asked
that the case be tried by one Of the Ameri-
can republics. AS President Roosevelt had
already declined to act in the capacity
Of arbitrator, and as some Of the rea-
sons which inspired him in his declination
would apply with equal force to the chief
executive of any other American state than
the United States he was obliged to with
hold any Endorsement Of that proposition of
President Castro. Therefore, it may be
dismissed from the field of possibilities,
and, unless Castro is unexpectedly insistent
upon his own plan the original PROPOSE
tion Of reference to The Hague tribunal
will carry.
There were no developments over New
Year day in the way Of cablegrams con-
tanning any news from European capitals
or Venezuela, but that was not unexpected
In view of the prevailing holiday season.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-01-02
CARRY THEIR OWN INSURANCE.
Important Departure Made by Three
Steamship Lines.

LONDON. January 2.-Considerable In
terest was created at Lloyds today by the
announcement that three lines belonging to
the International Mercantile Marine Com
pany-the Leyland, Dominion and White
Star had Cancelled their insurance from
January 1. 1t was presumed to be the in
tention Of the International Mercantile Ma
rine Company to include its other lines in
this arrangement.
While the removal of such large amount
Of business from the market at one sweep
aroused much comment. the brokers who
were effecting the insurance Of the line
mentioned received the news with equa-
nimity. owing to the fact that for more
than a year past all these contracts net.ed
q loss to the underwriters.
There was much speculation as to how
the International Mercantile Marine Com
pany intends to meet future losses. Tho
general opinion Is that 1t will be done
through the establishment of an emergency
fund. 1t was pointed out. however. that
the Peninsular and Oriental Steam Naviga-
ton Company has for a number Of years
neglected the insurance factor entirely,
paying its losses out Of the current revenue.