davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Against Grain Speculation

KANSAS CITY. March THE Kansas City
Court of Appeals decided to-day that grain
speculative trading on the Board OF Trade is
gambling and that the real object of the sale
of the put contract. or the privilege granted
is not 20 contract for the actual delivery in the
future OF wheat, but merely 10 speculate upon
the rise and fall in prices The decision adds.
THE transaction, from its inception. contem-
plates nothing more nor less than a gambling
the law
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
LOCAL WHOLESALE MARKET
Poultry and Other Produce.
prices Paid by Shippers. }

prices Paid by Shippers)
Cheese-Wisconsin. 13c: New York full creams.
13c. Swiss Ice. brick. lac limburger. l2c.
Poultry-Hens. SC. stays. Sc; cocks. SC: capons
l2c; young ducks. &c; springs. l0alOlsc; geese,
&C. per H.
Butter-choice roll. &c; Elgin creamery. sc;
state. 24c.
EggS-Steady at 15c.
Wool-I1ocal dealers are paying for wagon lots:
Good medium merchantable unwashed. lie;
and braid 15c. heavy merino. l07l2c;
half blood 12Gl4c; bury and cotted. 12dl4c:
Western. 1ec
Feathers-Prime geese. soc per ID; prime duck.
&c per 10
Beeswax-3Oc for yellow. sc for dark
HIDES AND TALLOw.
Green-salted Hides-No l. 74c; No 2 exc:
No calf. l0cs No calf. sc.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Rates Abroad.
Ionic

LONDON.-Money. 2ka2x per cent: discounts
1-l663A. Consols S54GS5&.
PARIS.-Three per cent. rentes e5f soc for the
account Exchange London 25f 171zc for
checks.
BERLIN.-Exchange on London. Pom 46% pig
Discount rates: Short bills, 212 per cent. three
months bills, 3A
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08

COLON. March The United States
AUXILIARY cruiser Prairie. with marines on
board, returned here yesterday evening
from Chiriqui lagoon, where she had gone
for target practice. She probably will
leave here for Guantanamo. Cuba.
The German cruisers Vinota and Fake
arrived here to-day.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08

sScdsi OOiz. closed at sss4c: July. % 7lsd9Tssc,
closed at s5sc; September, S7lzQ S97sc, closed at
S75sc.
Corn-Receipts. III. 800 bu: exports. 36007 bu.
Spot steady; No 2 nominal elevator. and soc I.
o. b. alOat; No yellow, sc: No. white, 5oc-
Options were extremely dull all day, holding
steady more from absence OF pressure than from
any news and closing practically net unchanged.
May closed at sc; July closed at 57i4c.
Oats-Receipts, 2Oi. 90 bu exports. 252l9 bu.
Spot weak: No. ,. SIC: standard white, 541sc;
No. white. 55c; No. = white, SIC.
Hay quiet Hops firm Hides Arm. Leather
firm Wool firm. Coal nominal.
Beef firm. Cur meats quiet Lard quiet; West
ern Steamed. $40; rehned steady continent,
SCS: South America, IS p; compound, SbSI1zu Z.
Pork steady; family. Sl6G $50: short clear, Sl9d
10. %; mess. sl5.5Odl6 Cottor-seed oil steady;
prime yellow. 3yc.
Rice steady. Moasses firm. Coffee-Spot
steady Sugar-Raw firm; fair refining. 15-l6c;
centrifugal 90 test. 7-i6c; mOlasses sugar,
lille refined firm; No. 6. 4.2Oc; No. 4. 4l5c;
No s, 4.10c: No g. 405c: No. 10. &c; No IL.
S.95c; No. y. 3.90C. No Is. 3.Sjc; confectioners
a. 4.45c; mold A. 4.95c cut loaf, 5.30c; crushed,
5SCc; powdered, Ate; granulated, 4Goc; cubes,
I
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08

Alcohol. s2E5G2.75: asafoetida. zoe: alum 2isd
&c. camphor. 35c0S; cochineal SOC. chloroform,
6S4ojc; copperas. brl. S5c; cream tartar. pure.
se435c. indigo. s50s0c. lic0rlce. Calab., genuine,
80 &C. lnaSnesla. carb-. 200.2c. morphine.
= 4 W.. pc o., s.. 421S. oil bergamot Der
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Dry Goods.

NEW YORK, March 7-Buying is OF a dis
couraging character, and operations are likely
TO continue on a very limited scale. The outlook
for continued high prices for cotton is not
influencing the buyer to any greater activity.
and in fact, the higher cotton goes the more
restricted are his orders as he looks for a move
ment in the other direction eventually.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Delaware & Hudson Increase.

NEW YORK, March 7.-Stockholders OF the
Delaware Hudson Company to-day approved
the increase of So 600 in the capital stock the
purpose of which is finance certain old bond
payments and to prov.Ge for equipping a division
OF the road.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Treasury statement.
WASHINI

wASHINGTON.-Monda statement OF the
treasury balances in the general fund. exclusive
of the $4,000 900 gold reserve in the division OF
redemption, shows:
Available cash balance s22s 3s1 go
Gold 27S.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Provisions.

Sugar-cured Hams-Indiana. II to 1s lbs aver
age, 13c.
Shoulders-Engsh cured. Reliable IS to 20 lbs
average. she; sugar-sured, Indiana. to 10 lbs
average. sac.
Picked Pork-Iadiana bear or jowI per bril-
200 lbs. 81; rump. per brl. 200 lbs, SIC; fam
lily. per brl. 200 brs. $3.50 fancy clear bean per
bril- 200 lbs. s2O.50; fancy homeless pig, per prl
200 lbs. s2l Also half brs. 100 brls. at half the
price OF the brls. adding soc TO cover additional
of package
Lard-Kettle rendered. lose; pure lard. 9hc
Bacon-Clear bellies % TO 80 lbs average 10c;
Is 22 lbs average. 10&c: IL TO Is lbs average
lie: clear backs. 20 to 80 lbs average I0%c; e
TO 10 lbs average. l0c to 10 lbs average 10Ikc:
clear sides about so to so lbs average 95tc: 30
TO 40 lbs average 1Ol3c 20 to 30 lbs average. lie
In dry salt, 12c less.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
THE MONEY MARKET.
Rates on Loans and Exchange-CIear-
fngs and Discounts.
Indianapolis Clearings.

INDIANAPOLIS.-Comme paper, Der
cent; time loans. 5i1Q6 per cent.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Amoy-shanghai Cable Repaired.

SAN FRANCISCO. March THE Postal
Telegraph Cable Company has received ad-
vices from HongKong stating that the
cable between Annoy and Shanghai has
been repaired This restores normal COM
munication with Japanese and Chinese
points north OF Hong Kong.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08

NEW YORK-Bar silver, 577sc; Mexican dol
lars, A5c.
LoNDoN.-Bar silver rs 1l-1ed an ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Cotton.

NEW ORLEANS. March Cotton firm. Sales,
4l50 bales. Ordinary, 1Sc; good ordinary IA 5-16c;
low mddling, IA l5-l6c: middlng, Is 5-16c; good
middling. 1880: middling fair. Ice. Receipts.
42OI bales stock, 564. 2Ss bales
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Local Cash Markets.

Wheat quiet; No. red. 81 track. 81 on milling
freight; No. 3 red. s71zc track; March. 81; wag-
on, 81.
Corn firm; No. white, 4ilzc; No. white.
4il9c; No. white, 42c; No. white mixed, 44Ac;
No. 3 white mixed, 44Ac; No. white mixed. 42c
No yellow, 44isc; No yellow. HE; No. 4
yellow 42i4c; No. mixed, i4lec; No. 3 mixed,
44lac; No. 4 mixed. 42c; ear. 44lzc.
Oats steady: No. white, 45c; No. white, 44c
No . mixed 42%4c; No. mixed 42iac.
Hay steady; No. timothy, ST. No. tim
othy. SO.
Observation-Disclosures: No. red. 1 car no es-
tablished grade. /; total Corn No. 3
white. 30 cars; No 4 white. p: No. yellow 8:
No. yellow 3; No. mixed, 3; No mixed. 10
no grade, 2. ear. /; total IL Oats: No >
white, car. No. mixed. g. total, cars. Hay:
No. timothy. l car; No. timothy. 4; total, )
WAGON LdkRKET
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08

The market for coffee futures opened steady at
advance of 1OG2O points on covering and
sprinkling of commission house buying, following
higher European cables and lighter Brazilian
receipts both for the day and predicted for the
immediate future. Importers continued selling.
however, and demand after the rrst wave or
buying light. so that the market before mid
day had begun to develop a sagging tendency,
while steady the close final prices showed
the net gain reduced to a matter Of 5G1O points
Sales reported OF 63 600 bags, including
May at 545d5.55c July at 8 70GJ5. Toe. August at
5S)c. September at 5.9jH6c, October at 6.05c,
November at l5c and December at 6.25G6.30c.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08

Candies-Capital stick candy Cbrls) Sc per Id:
common mixed. sc. grocers' mixed. SIC: Banner
twist stick. lia4Sc; Banner cream mixed. &c;
Derby mixed. 7lac
NUts-Soft- shelled almonds. 15c: Brazil nuts
Toe; hlberts, l.c, peanuts. roasted. 7GSc; mixed
nuts 13c.
rrfes-New SMYRNA lsc rser III
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08


NEW YORK, March Although the stock
market opened weak to-day the depression was
not maintained throughout the trading session.
and fairly firm tone was in evidence during the
greater part of the day. The strength dis
played by number OF stocks towards the close,
and tra ding active in several quarters OF the
market. This activity must be regarded as com
parative but il was sufficient nevertheless, to
take the market out of the rut in which IL has
been for several DAYS past There was an un-
certain tone throughout the forenoon session be
cause Of the belief that the Northern Securities
decision would be handed down at noon Con-
trary to expectations the court did not hand
down the decision and TO one has any idea when
of the way there will be uncertainty and fever
ishness in the market The dispatch from Wash
viii require the actual gold was not generally
believed. This dispatch said that the $40 600 600
in payment of the Panama canal transfer will be
Co say they have no instructions TO that eff
feet. and express doubt concerning 1t. War news
ans is again getting serious and war there is
highly probable. One OF the most active stocks
very largely traded in. and it not only held it's
own, but scored advance IN the later trading.
held well Union Pacific. st. Paul and Brooklyn
Rapid Transit were traded in to large extent
and scored fractional gains. Union Pacific was
weak in the early dealings. however The oper-
atoms in Brooklyn Rapid Transit seem to repre-
something to do with 1t. Northern Securities on
the curb. was very weak in the early dealings.
small. and principally sales. Delaware & Hud-
son stockholders to-day approved the increase in
the capital stock. Money rates showed no
change
IPorterneid & Col
NEW YORK, March THE list opened ragged.
with the stocks all little lower. The trend was
downward during the first two hours. with trad
ing small. The expected Northern Securities de-
csion the cloud the market Again the
street disappointed. as the Supreme Court
ia m lie ire
news the depression lifted to extent
and fair volume Of buying followed, which re-
suited in gains from so cents TO 81 share. The
entire list felt its influence in the railways.
Southern Pacific and St. Paul made advances OF
over dollar Sugar gained S1.50 from low point.
Copper and United States Steel preferred came
in for fair support Pennsylvania was active and
the shorts covered freely. Think there will be
some further advance in morning. but profess
sonalism will continue until after the final
Supreme Court decision. Would take profits on
bulges and If you believe in selling, take the
short side for a turn.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Coal and Coke.
(RetaiI Prices.D
Drugs.

Hags. &c per ton extra. ground floor or dumped
IN cellar. s0c per ton extra. second floor car
fle1 IN cellar From wagon. &c per ton extra
by whecibarow. chute or basket.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08

Seed clover. prime 81. 25Q6. IS. English clover
Sc. 75q7; alske. s7.SoGs.50 Timothy. prime ST. IS
a. Fancy Kentucky bluegrass. 81 5Oa1- rs; ex-
ira clean. Co., 7Oc. Orchard grass 81. 1912; red
| top, 9OcQSl75. English bluegrass. Sl5OQ2.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Wool.

ST. LOUIS March Wool steady; medium
grades combng and clothing. 17d21hc: light
fine. 15dl7l2c heavy fine. 12Qi4lsc; tub washed.
20G21c.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Metals,

ST. LOUIS. March Lead steady at s4.42ls
Spelter quiet "a. so.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
BANKERS VIEWS ON
THE STOCK MARKET
IA. w. Thomson.l

NEW YORK, March THE action OF the mar
ket to-day followed the course to be expected
with the Northern Securities case decision still
in the balance. The bears took the opportunity
to raid prices in the early session with a result
of having to cover later at good loss. London
and European markets generally were depressed
in fear OF further financial troubles. However,
our position here seems TO be drawing away from
the unfavorable influence. The better steel situa-
ton and railway returns here are more import
ant factors to future values. Prices will likely
work higher before the week runs out We in
a good trading market and stocks should be
bought on weak spots.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
WAGON dARKET.
Wheat-S1

Corn-40df5c.
Oats-Sheaf. SSG10: shelled oats, 39G42c
Hay-Clover, N.5OdS. timothy, S10du; mixed
SlO4ll: millet, SSd9
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
THE JOBBING TRADE.

cThe quotations given below are the selling
prices OF the wholesale dealcrs.)
Candies, Nuts, Figs.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08
Chicago Stocks.

GBy a. r. Thompson & Co.'S wire.l
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-08

Spring patent, IS per brl: winter wheat patent
in brl. s. 25 straight grade. $4S5; in bril- low
grade, 50 so; extra fancy, in bril- s.75; buckwheat
-four, $50 per brl; graham. $3.50 per brl.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-26
UNBuRlED II YEARS.
DR.. White Neglects Dead Infant Left
In Undertaker's Care.
,eeial to New York World.

Special to New York World
Owensboro Ky.,-The infant child Of
DR.. and Mrs Miles White. which died on
Sept. Is, 1898. was buried in the local
cemetery here yesterday. For nearly
eleven years the body had lain in tiny
coffin in the possession of Robert Tennel-
y. ~ undertaken.
At the time of the child's death Its ia
Their purchased coffin from Tennelly and
ordered him to embalm the baby prepara-
tory to removing it to Elizabethtown KY.
for burial when his wife should have
sufficiently recovered to attend the flu
neral. but months passed, and the father
on one pretext and another failed to re-
claim the body. The matter attracted
considerable attention throughout Ken
lucky, and. the newspapers contained
many versions of 1t. The Louisville Press
company was sued by Tennelly for $4,000
damages for saying that he was the
meanest man in the world" He recover
ed $500 damages.
The last heard of the father was six
years ago, when he brought child born
after the death Of the infant, to the un-
dertaker's to see the body of the dead
infant He then instructed Tennelly not
to bury 1t.
Finally rennelly decided to quit the I'M
dertaklng business and not knowing what
other disposition to make of the body,
buried it.
At the burial only the undertaken, the
grave digger and a newspaper correspon-
dent were present, and there was no SER
vice or ceremony of any kind plain
slab marks tie resting place OF the long
neglected body
Why DIR. White refused to bury his in
tant has never been explained.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-26
GOLD EXPANSION
STILL CONTINUES
S Commercial Ionic of Force
and Power
MAKES FOR HIGHER PRICES
When Accumulation Becomes IN
wieIdy 1t VIII Have to Be In
vested-FeelIne of optlm-
ism is Growing.
MAKES FOR HIGHER PRICES
BY w. G. NICHOLAS.

New York. June 25.-Back of and un-
DERIVING the general business situation
is that factor of most supreme impor-
tance-the continuous gold expansion on
a colossal scale. This persistent move
ment is vitalizing in the best sense and
is ever working for new and active de-
velopment and for broadening healthy
speculation and business growth. The
uninterrupted increase in the volume of
basic money is instinct with the spirit
of progress. 1t is a commercial tonic of
greatest force and power. It's stimulat-
ing effect Is felt not only in this country
but through the entire civilized world.
1t Is condition which inevitably makes
for higher prices. In the fullness of time
there may possibly be even too much
of this kind of money expansion, but
the day Is remote and discussion of that
phase of the subject will, for years to
come. be waste of time. 1t will be some
thing for the next generation to take
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-26
Stock Market Handicapped.

The stock market, however, has been
handicapped recently by more than one
,nnleasant development. In the list OF
these is the Announcement OF $looOoOOOo
.ssue of preferred stock by the southern
Pacific company. This stroke of high
finance has met with hard frost In
waIr street although the big people be-
hind the game have tried to neutralize
the opposition by bull manipulation OF me
stocks of the companies Immediately
concerned The movement has not been
without its effect although II was palpa-
bIv artificial. The verdict reached by
nine people out Of ten conversant with
stock market matters Is that the Union
pacific mana cement which controls the
Southern Pacific was In urgent need Oh
,,,onev and resorted to extraordinary
,oathods to provide themselves with
f,nda To tide over emergencies present
ana In the immediate future. The Harri-
man marty is offering extravagant prices
for the accommodation they are seeking
and the projected scheme is casting ois-
credit on the Hartman Kuhn-Loep man
aqement of the allied systems. Inc pre-
tense that the introduction Of 500. ooo,-
600 preferred issue ahead Oh tne go,
100000 of common stock OF the s,. -.
pacific company is going to beneiit tne
Common stock holders is regarded as .oo
absurd 70 command respecr, aithousn
snecious arguments are adVaheeu anu
r,ersisted In support OF the propositioti.
rba worst feature of the scheme ~ ,ne
.atant fact that It's promoters are not
tar,ne the public or their fellow stock-
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-26
Roners Is skentlcal.

II. II. Rogers and his friends are try
ing to make light of the threatened mag
azine exposures by Thomas w. Lawson
of their alleged iniquities In connection
with the fotation of amalgamated cop
per and other big corporations notorious
In the history of unsavory manipulations
In Wall street. There mouthpieces are
passing the word along that Lawson
is talking like q crazy man." and that,
The is running bluff" They also an
nounce that 1t will be impossible for him
to make good his threats and that when
he attempts to present "details and speci-
fications he will either fall down utterly
or land in jail II the versatile Lawson
does make good, however, there Is GER
taipiy a lively season ahead for several
of the foremost members Of the Standard
OH eTolin
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-26
ALL SCHOOLS MUST
ELECT TRUSTEES
Superintendent of Education
viii Enforce the Law
MURDERER IS BAoIlZEl
Truck Growers Are shipping Fruit and
Vegetables In Large Quantities.
Mayor Uses PrerogatIve In
Unique Manner.
MURDERER is BA01lzEi
BY HERvEY w. LAIRD.

Montgomery. June 25-(special0-Every
school district In the state must elect
trustees on the first Saturday in July.
This is the law and the superintendent
of education proposes to enforce it. Those
districts which refuse to do so will very
probably lost their share Of the pub
lie school fund. No one Is charged with
the duty of holding elections for these
places. The citizens of the communities
are expected to get together and make
their selections and certify the same
to county superintendent.
Blanks are also being sent out to
which the names of all children of school
age are to be placed. with name of guar
dian or parents and age 1t Is thought
there are some districts getting much
more than is coming TO them in school
money because of faulty enumeration.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-26
May be Recesslons.

There may be recession in the upward
and forward movement of business and
prices, but such reactions can, in the
nature of things, be only temporary. The
surface of affairs will pe occasionally
stirred up by storms, but surface agi-
tation cannot and will not stop the rise
of the money tide. New high marks
are being made every day in the volume
of the worlds best money. This volume
will be measured by corresponding IN
crease In the gross volume of trade and
industry The two go together and can
not be divorced.
This is the great fundamental fact
which is making the leaders, of finance
and business optimistic in their opinions
and firm believers in better times Ireas-
ury statistics show that the store or
money of all kinds In the United Stanes
is increasing more than s100,00o00O year.
a rate which has been exceeded several
times during the last eight years ana
which is likely to become larger year by
year as the production of gold enlarges.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-26
Baptized the Murderer.

Sheriff Armstrong of Baldwin county
was host to a unique ceremony last week,
when Tom Plant, the negro who is to
be hanged for murder there on July g.,
was baptized in the jail yard. The, SER
vices were under the care of two colored
ministers and were witnessed by large
concourse Of people who gathered for
the event. The prisoner was silent HIM
self and had little to say. He answer
ed only those questions he was compelled
to, and let the others do the talking. It
was to the hanging of Plant that Sheriff
Armstrong sent out the remarkable In
vitatIon few days ago. It was to the
effect that the recipient was cordially in
vited to witness the execution, as If 1t
was picnic or barbecue he was sending
out bids to. A great deal of comment
was caused by the form used.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1904-06-26
Must Be Invested.

When the accumulation of idle funds
becomes unwie,dy, as is now the case,
and cannot be loaned to advantage 1t Is
bound to flow into investment channels.
Banks and bond houses in New York,
Chicago and elswhere agree that this
investment demand has already absorbed
practically the entire available supply
of first class bonds and the fancy
high dividend paying stocks. There ID
also substantial agreement on the fur-
Their statement that this fast and steadily
accommodating stock of hungry money IS
now finding it's way into middle class
bonds and into stocks having In them
certain elements of speculation. bus
which give promise Of material increase
In value with the growth of the coun-
try and the development of railroad and
Industrial properties upon which they
are based
This feeling of optimism is therefore
having a steady and visible growth. OPP
timism is only another word for con1i-
dence Return of confidence is being
accelerated by increasing assurance OF
another year of bounteous crops, Signs
ere also multiplying that, the impending
political battle for the presidency ana
another congress will be comparatively
free from acutely disturbing factors.
II is true that merchants throughout
the country found themselves overload
ed with goods when the reaction set In
a year ago or more. They have since
pursued a policy of curtailing their pur-
chases from anrfacturers and produ-
GERS This condition still prevails to a
very large extent.