davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
STOCKS AND BONDS.

New York, Nov 6.-The stock market
was submerged again today under de-
.uge of United States Steel stocks. The
general list, however, responded much less
readily to the depressing influences OF the
steel liquidation than was the case yes
terday. Whenever the severe pressure on
the steel stocks was suspended, rs hap
pened at intervals, the railroad stocks
rallied easily so that their level of prices
was above last night for about as much
of the time as it was below. The market
closed in one of the intervals when there
was no pressure on steel, so that prices
elsewhere were rising and were well above
last night. Union Pacific and Pennsyl-
yania show gain of point on the day
and a number of the New York corpora
tion stocks somewhat more. The early IL
quidation in the steel shares was very vio-
lent as is shown by the fact that the sales
of the preferred for the first hour alone
were we'll above 100000 shares. 1t is not
to be supposed that this enormous volume
of dealings was wholly liquidation The
room professionals traded in and out of
the stocks on a very large scale all day.
1t was said of one trader who was very
active in the stock all day that he was
neither long nor short for more than ten
minutes at time, while the aggregate
of his individual dealings amounted to
many thousand shares The low price
touched for the, common stock was 101a
for the preferred So. and for the bonds
65%. The heavy selling of the steel was
the expression Of fear that the an
nounced cut of $500 per ton in the price
of steel billets was a preliminary to a re-
duction of prices of all the products and
a general process of contraction through
out the trade. The stock market seemed
to face with equanimity the prospect Of
another poor bank showing tomorrow. In
addition to the losses to the sub-Treasury
of 81 ,091, 600 the banks have me 'e net ship
ments by direct express to IT, West and
South of upwards of s3,OO0,0OO. Further
ia-- hipments of currency were made
-, II til ra.aa of call 10" rs. touch d
The defense express great confidence i
their case and say that they feel certain o
a verdict in their favor.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
Ware e. Glands
Cotton Letter,

Raleigh, n. c., Nov. 6.-Each succeed
ing week has furnished increased excite
ment in the cotton trade and the present
one has proved no exception. The sensa-
tional advance in prices and the enor-
nous business done in both futures and
spots have resulted from estimates on
consumption and on the yield. We do not
believe we are overstating the case in
saying that not since the Civil War
stopped production in the Southern States
by the withdrawal OF the male population
from the plantations, has the production
OF cotton been placed below consump-
ton. In the short crop year of 1S99-1900
the crop fell a million bales behind re-
Quirements, but the South was full of cot
ton left over from the two seasons OF over
production. Cotton had been drug on
the market at five cents a pound and
spinners had put away lot OF it for flu
ture emergencies. At the present time
there is no reserve. If the American cot
ton left over from last year is taken as a
safe index of the amount in second hands
or the invisible supply, the figures are 50
small that they hardly become factor.
The years needs must therefore be met
from the years crop. According to ELI
sons requirements, at fair prices Will be
about 10, 800 900 bales. This is based on
the idea that spinners will pay ten and
eleven cents. Now, on the other hand,
crop estimates are ranging below last year.
The most conservative tax smaller crop,
and 1850, 900 bales is about the figure now
prevailing.
To this situation the cotton world was
awakened this week. We do not say con-
sumption will be 10,900000 bales. If the
crop is 10000,000 bales, consumption will
be no more than 100000 bales. We
cannot consume what we have not. Nor
do we say the crop is 100000 bales. 1t
may prove II 100000 bales. But as long
as the average estimate is less than the
figures on consumption we can safely pre-
diet just such a market as we had this
week The question to be asked is as talk
Is for pinch; at what price will con
sumption be curtailed?
AS soon as crop ideas are enlarged there
will be setback, during which the spin
ner will buy. If ideas grow small again
prices will boil until the level stops buy
ing. This is the present outlook. There
is, of course, an enormous movement OF
cotton from the South. We think this is
explained by the fact that the biggest ex-
porting house in the business tell us they
have done a record-breaking trade with
Europe to GATE. We think this informa-
ton is enough to make the American spin
ners stop and consider their position. FIX
ports this week were large and more cot
ron has gone abroad iii proportion to the
movement than last year.
Speculation is now rampant and it is
wise to proceed cautiously. No matter
what the price may be, it will be foo.hardy
to short cotton as long as tie crop is
thought to be below needs. On break
below ten and half cents we would be
gin to buy cotton cautiously, and not be
discouraged in the event of decided drop
IN prices. Fluctuations will be on an
enormous scale for some time to come.
WARE & LELAND.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
Open Close High Low
NEW ORLEANS COTTON.

New Orleans, Nov. Spot cotton was
in fair demand, but buyers are kept in a
condition of uncertainty on account OF
the steady advance IN prices, making
limited buying orders difficult to fill.
Sales $500 bales, including 600 to arrive.
Quotations lie higher.
In the future market the upward
course of prices were continued. At the
opening the board showed an advance Of
10 to % points. Liverpool was somewhat
disappointing, but the upward turn in
New York quite overbalanced all bearish
features Many traders sold short at the
height of the advance, fully expecting that
the long deferred reaction would set in
this morning and give them handsome
profits. Instead of taking profits, these
shorts were only too glad to cover at
heavy losses. Their covering and fresh
buying by longs supported the market
well into the morning when the weight
of heavy profit taking began to be telt
and prices sagged from IL to Is points
from the highest levels OF the GARNER
hours. The fluctuations of the day were
wide and served to make an ideal market
for the scalper, who has been muck IN
evidence in the last few days. After the
liquidation there was a recovery OF 70
10 points. the list at the close showing
net gains of from % to "a points. Inc
trading was heavy
NEW ORLEANS, Nov. Cotton futures
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
OBSERVER, NOVEMBER

point OF Monday, when gold was engag-
ed in London and there can be doubt that
an inflow of gold would easily result from
any additional pressure for money.
The bond market continued dull. but
the price movement was irregular Total
sales (par value) were S2,497, 600
u. $ rs declined "A per cent. on the last
call.
Total sales of stocks today were 59S, 400
shares, including Atchison, 23,731; Baltl-
more and Ohio, 1882; Erie, 14,297; Louis
vile and Nashville, 1000; Missouri Pa
cific, 25,700 Pennsylvania, 30,S55; Read
ing, 500; Rock Island, 1850; st. Paul,
IA ,070: Southern Pacific, 5000 Southern
Railway, 900; Union Pacific, 24,9O0; Cop
per- As, 525; Sugar, 1925; Brooklyn Tran
sit, 1850; Republic Steel preferred r.
$40; Tennessee Coal and Iron. $500; u. S.
Steel, 42,375; do preferred, 234,554. The
market eased off or 5 points, although
it continued very active and excited
After declining a matter OF 1908 points
from the best prices of the morning under
liquidation and Wall Street bear pressures,
encouraged by the heavy estimates Tor to-
morrow's receipts at leading points, the
market was rallied again by the persistent
OF local bull interests, who were
inclined to lay stress upon the fact that
!he Into sight for the week was less
than estimated, that the exports were full
and the Southern markets generally steady
at unchanged prices to an advance of 1-Sc.
At first the buying seemed well confined
to the bul, leaders, but later shorts began
10 cover in volume and prices were adj
vanced to a new high level for the day
with December reaching 1890 January
1887, March 1000, and May 1892. The
market closed firm within three or four
points of the best and net 1921 points
higher. Sales were estimated at 100000
bales.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
Opening. Highest. Lowest. CLOSING.
Cash quotations were as follows:

Cash quotations were as follows:
Flour steady; winter patents, $40; straights
s3.5O@8.9O: bakers s26O@s.4o; clears ss.35@3.50
spring specials $40; spring patents $4,000. 40
wheat, No. 2 spring, 50; No 3, sot@sl14; No.
81; oats, No 2. S512; No. white; No 3 white
35,G37A: rye No. 2, 551a good feeding bar
ley ,5s@l6; fair to choice; mailing, 45@54; fax
prime timothy seed, 2.s5 mess pork per Dbl,
II .S7@ll5 80; lard per l00b., 6.T@695; short
ribs sides IQoose) 725@I75;, dry salted shonl.
Cboxed) 6.7597.OO whiskey, basis of high
grade wines l25; clover, contract grade. 1000
NEW YORK PROVISIONS.
NEW YORK, Nov. 6--Flour-dull; winter
patents sI0O@4.35; Minnesota patents $500
RYE fiour-frm; fair to good s3.209340;
choice to fancy S2;9O@3.25.
Buckwheat fiour-steady; sl.9O@2:l5.
Gorn-meal dnl; yellow slnoysr western s5 si.O'
Wheat-steady, so. S6il May, -; Sep.
CORN corn2 spot dull No. 5fh; May 1919; Sep
tember, 523S; November -; December 5lA.
Oats-dull, No. 2 Az.
Bee af ,dy m IDLY Sa o nsce} es 1V'
picked shoulders 1906; picked hams, lI@l2;
Iard-tirm: western steamed, 1.45; rehnde
firmer: continent 49, compound 1901.
Pork steady; family l900@l9.5O; short clear
13.256I5.O0, mess l375@l450.
Tallow-steady; city per package AZ, country
Rosin-firm; strained common to good 2.7o@75
Turpentine-tir $4,000:
Rice-steady; domestic, fair to extra, 414@61a
Mo o Steady New Orleans, open kettle,
good to choice, 3l942.
Coffee-spot, Rio firm. No. invoice 61s,
mild steady, cordova 714@12:
Sugar-raw, firm; fair refining sic; molas-
ses 81, refined, quiet.
Cheese-steady; state full cream small col
ored II 20 white fall made, ia.
Eggs-firm; state and Pennsylvania ...G2S.
POtatoes-Long Island 1.7o@2.l2, new South
ern ......@..., Jersey sweets 1.5O92o0.
Peanuts-steady; fancy hand-picked, 4M@6,
Cabbage~sfcady domestic per 100 1896.
Freight to Liverpool log
Cotton seed oil was dull but steady; prime
crude f. .. b. mills 2501a, prime summer vel
low %5l50 off summer yellow -, prime white
80; prime winter yellow 80, prime meal N.OO@
27.50 nominal.
BALTIMORE PROVISIONS.
BALTIMORE, Nov. 6-Flour quiet; winter
patents, 81 20@44O,s spring satents S4.65@4.9O,
Wheat-frm; $500, Southern wheat by
sample 70@SI
Corn-steady; spot 5o1s@.~, Southern white
corn 50@5412-
Rye-f1rm No. 2, 5SL.
Butter-firm; fancy imitation l7@l5, fancy
creamery 22@23.
Eggs-firmer; fresh 27@.
Cheese-easy; ll1s, large l21@.
Sugar-steady; fine and coarse granulateo
50l1a.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
NAVAL STORES.

WILMINGTON, Nov. 6-Turpentine firm;
Sc -; receipts 81 casks.
Rosin-firm at 90 receipts $50 bbls.
Tar-firm, /. 80; receipts los bbls.
Crude-firm, 2.25@3. S0@380; receipts $50 bar.
rels.
CHARLESTON, Nov. G-Turpentine steady
inal 5515, receipts sales -, exports.
II ,26O; l, 3.I5; K, 3.S5; NJ, $780, N, 1885, WIG, 4O5;
WV, 4.35.
SAVANNAH, Nov. 6-Turpentine steady.
56; receipts 1874, sales 1893, exports 1928.
Resin firm; receipts 2,2lS sales 49,. exports
IS; II, go; 270 X, 2.90; M, sos; N, $50; VIC
20; WV. 4l0.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
NEW YORK MONEY.

NEW YORK, Nov. 6, 2 p. m.-Money on call
strong at 41a@6; closing @6 time money
firm 10 days, S: 80 days. 5@K six months
500; prime mercantile paper. ..@6; sterling
bills at 4SI3O@.l5 for demand and at $780, 70
for 60 day bills, posted rates 4S2lz@4s51a;
commercial bills 1907, bar silver 5Ss4, Mexican
dollars 4434
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
GRAIN AND PROVISIONS.

Chicago. Nov 6.-After ruling weak the
greater part Of the day, wheat turned firm
on better export demand and closing
prices showed fair advance, December be
ing up &c December corn was A@$sc
higher oats were asG15c but provisions
were weak, the January products closing
from 517h@121kc lower.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07

Despite the weak start in New York
yesterday cotton held its own here and
10B was the high,st price id 'he
close of the market was strong and lndl-
Gates that II cents will be paid today.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
s A L. STOCKS AND BONDS.

BALTIMORE, Nov, 6-Seaboard Air Line
common, l31l3% preferred 2O@2l.
Bonds-fs 6796S.
Atlantic Coast Line common l061I@l07; pref
erred . =. No sales.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-07
Port. Tone. Mid. Receipt.

OTHER COTTON MARKETS.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-26
OFFICIALLY THANKED.
A Testimonial Issued to Gen.
Leonard Wood.

Washington. March 26.-Brigadier
General Wood left here today for Bos-
ton. whence he win sail in a day or
two for the Philippines to assume COM
mand of the military department of
Mindanao. Coincident with his depart
ure from this city, Secretary Root is
sued the following order.
BY direction of the president Brig
adler General Leonard Wood, L. 5. A..
having filed the report which completes
his services as military governor of
cuba and as commander of the mill
tary forces stationed in that island
from December. 1893, to the close of
American occupation is relieved from
further duty in connection with the af-
fairs of former military government Of
Cuba"
The administration Of General Wood
as military commander of the division
and the department of Cuba as military
governor was highly creditable- The
civil government was managed with an
eve single to the benefit of Cuban peo-
pie under the supervision and control
of the military government. The Cuban
people themselves had an opportunity
to carry on their government to con
stantly increasing degrees,so that when
Cuba assumed her independence she
started with the best possible chance
of success.
"Out of an utterly PROSTATE colony,
a free republic was built up
'"lnn new nation ELdIIeQ HDQeI more
fav0ra BILE conditions than has ever be-
fore been the case in a single instance
among her fellow Spanish-American re-
nublics This record stands alone in
history. and the benefit conferred there
by upon the people of Cuba was no
greater than the honor conferred upon
the people of the United States.
THE war department. by direction of
the president, thanks General Wood ana
officials, civil and military. serving un-
der him, upon the completion of 4. work
so difficult, so important and SO Well
zone"
En- route to the far east General Wood
will visit Egypt. Singapore the Straits
settlement, Batavia, Java and possibly
other points under direction from the
war. department. wilere observations viii
be made as to the methods of other
powers in the employment of native
forces in their colonial possessions, and
particularly to the manner and extent
of utilization of the natives as separate
organization and i'm conjunction with
the regular. General Wood will make d
re1 ort to the department on his arrival
at his post in the Philippines. This
report will be of special interest to the
department. i'm view of the fact that
the department is to endeavOr to de-
termine how best to employ native
forces in the Philippines whether to
maintain the native scouts as now or
ganized and the consta bulary sepa-
rately, or to merge them under some
new arrangement.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-26
PLAN TO KILL
Mr.. ROOSEVELT
An Old Negro Tells Congress-
man Tawney, of Minnesota,
Of a Plot Against the Life of
the President.
HAS BEEN ABANDONED.
Shaw and Root Are to Be Kid
naped Instead.
All to Take Place During the
Western Tour.
HAS BEEN ABANDONED

Winona, Mimi. March 26.-An aged
negro orator. ]. c. Fremont, of Water
town, S. D. we'll known representa-
tive of the eolored race. who at the
close of the civil war was president of
a society that sent many negroes back
to Africa. lectured here last night on
"1'he Race Problem" and while here
called on Congressman Tawney and
asked for a private interview. He stated
that he had communication which ne
desired the congressman to convey 10
the president to the effect that he had
come in possession of information that
a plan had been made to attempt the
life of President Roosevelt on his west
ern trip. but that this had now been
abandoned. and instead the plotters
were planning at some favorable point
in Montana or Colorado to capture Sec
retary of Treasury Shaw, Secretary OF
War Root and Attorney General Knox
and carry them to the mountains. to be
held for a suitable ransom.
Fremont refused to divulge the source
of his Information. but insisted that II
was correct. Congressman Tawney
places little credence in the tale. but
has nevertheless written to Secretary
Snaw, telling him the negros story.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-26
THAT LAKIN WRECK.
1t Was Much More Serious
Than Reported.

The Santa F'e wreck at Lakin, an ac-
count of which was given in Wednes-
days State Journal, appears to have
been more serious than reported by the
Santa Fe officials. The Associated Press
dispatch was as follows:
-'Lakin. Kan. March 25.-A broken rail
completely wrecked eastbound Santa
Fe passenger train No. . at this place
today every car except one leaving the
track Conductor Pond was injured
badly but the passengers escaped with
were taken east on another train. Vice
President Kendrick was in the rear
coach. which remained on the track"
This together with a longer one re-
ceived by the State Journal today from
Lakin indicates that the wreck of No. 2
a that point yesterday morning was
really serious. The report of the wreck
as secured at the general office said
that the train ran off of the rails onto
the ties as it was pulling into the sta
tion 1t I.akin, that no one was hurt and
that it was a wreck of no Importance.
Now comes the dispatch from Lakin
saying that a broken rail completely
wrecked east bound Santa Fe train No.
? Another dispatch from the State
Journals correspondent at that point
who was at the scene of the wreck
gives the full details.
Lakin. Kan. March 26-East bound
completely wrecked here at bout two
o'clock Wednesday morning. No one
was killed but Conductor Pond who
was in charge of the train was Sc
verely injured. His ankle was dislo-
Gated and he received deep gashes about
the face and head. Nearly all of the
occupants of the train received a Sc
we're shaking up. Pond and the pas
sengers were taken to Dodge City on
No. s.
The train was running at rate of
about As miles an hour when the ex-
press car struck the broken rail and
left the track followed by the entire
train of eight cars.
The smoker was thrown directly across
the track and the engine dragged the ex-
press car onto the depot platform striking
a corner of the depot and causing Night
Operator Dolin to flee from his post to a
place of safety. The platform was COM
pletely demolished Vice President Ken
drick was in his private car at the rear Of
the train. Only one of the trucks Of his
car went off.
The accident is believed to have been
caused by weak and damaged ties giving
way
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-26
MARKET FOR SILVER.
The Government Will Buy 100000
Worth for Coinage.

Washington, March 26-The treasury
department today gave notice that on
Monday and Thursdays until further
notice offers would be received at the
bureau of the mint for sale to the gov
ernmeut of silver bullion to be used in
coming pesos under the Philippine coin
age act. The department will purchase
81, 100000 worth of silver bullion for
coinage into pesos. This coinage win
produce 5000 600 pesos. This amount
must be ready for circulation before
Philippine currency bill can go into ef-
feet Arrangements have been compile
ted for the issue of Philippine certif-
icates which Will bear portrait of
Washington. A suggestion has been
made that the small note for the Phil
ippines shall bear the portraits of Nc
Kinley, General Lawton and Jose Rial
for the 10. > and ? pesos notes respec-
tiVely.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-26
A WEDDING OUT.
One Is About to Be Undertaken in
Postofice Department.

Washington, March 2s-It was learn
ed at the postoflce department that
while the resignation of George w
Beavers. as chief of salary and allow
ance division was voluntary, it is but
the foreigner of number of other
designations which soon are to follow
It is said condition of affairs has
grown such in the department which
has become intolerab1e. and that there
is to be. a wedding out of number Of
chiefs of division and clerks The post
master general and assistant are said
to be in entire accord in the matter. 1t
is stated that opportunity will be given
to the persons concerned to submit
their designations. AS result Of this
announcement there is more or less
Consideration among the employees in
the department it being understood
that the decision to weed out a num-
Der of officials has been definitely de-
termined upon
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-26
HELEN KIMBER PRESIDES.
Closing Sessions of the Equal Suffrage
Convention.

New Orleans. March 2s.-The convention
Of the National Woman Suffrage associa-
ton came to a close last night after an
address by Miss Belle Kearny and DR.. Au-
gustn Stone Cullen Of Canada.
The morning session began a work con
ference presided over by Mrs Helen kim
ber of Kansas, i'm which methods of urg-
ing legislation were discussed. The after
noon session was presided over by Mrs.
Gait. The program included symposium
on Would an educational qualification for
all voters tend TO the growth of civiliza-
ton and facilitate good government"
Among those who spoke were Mrs. Mary
Wood Swift of California and Miss Gail
Mclaughlin Then there was a vote, only
six delegates opposing educational Qualifi-
cations. An invitation from the Louisiana
purchase exposition to hold a mass con
vention in St Louis in 1904 was referred TO
the committee on plan of work.
The next convention will be held in
NVashington
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1903-03-26
An Order to Common Carriers.

Washington. March 26.-The interstate
commerce commission today entered ar
order. requiring common carriers subject
to the act to regulate commerce to puD-
lish in their rate sheets what. if any.
c.-rtage or other kind of terminal serv
ice they provide or allow. The order
states that rebates or concessions from
tarlff rates or advantages to shippers
CT consisnees which change the aggre
sate charge to the shipper are plainly
affected by free carriage or other forms
of terminal facilities not included in the
ordinary service, unless such carta g
allowance or other kind of terminal
service Is specified in the published
schedules