davidaulloa/AmericanStories huggingface dataset:
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1904-03-11
SAME AS WHITES
Negroes Demand Equal PriVi-
Ieges on Pullman
Cars
FOR METHODIST CONFERENCE
Otherwise Delegates Must Remain
Awake and Go Hungry
Travelling.

Negroes are preparing an appeal to
be delivered to Robert T. Lincoln,
president of the Pullman company,
asking for equal rights with the
whites in sleeping cars throughout
the south. They are likewise plan
ming to ask managers of the dining
car service on southern roads to al
low similar rights.
The special cause for this appeal is
the approaching general conference
of the African Methodist Episcopal
church, to be held in Chicago in May.
The rights are requested for negro
delegates travelling from the south.
At present in all states south of the
Ohio river separate cars are provided
for negro passengers, who are not
permitted in the coaches where the
whites ride. Neither are they allowed
in the railway station restaurants.
Large numbers of southern delegates
are expected to attend, and the vari-
Gus railways had planned to provide
special sleeping and dining cars for
their accommodation.
This will not be satisfactory. The
appeal to President Lincoln and to
the dining car authorities will be bas-
ed on the general rights of interstate
passengers.
''As matters stand now" said one
of the committeeman, although
colored passenger may buy a ticket
from Chicago TO New Orleans, the mo-
ment he passes the Ohio river he viii
find himself unable to get anything to
eat even at the railroad stations. We
shall ask that our money be allowed
to purchase the same services as the
money spent by!other patrons of the
roads,"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
STOCKS GAIN THEN BREAK
MARKET SHOWED CONSIDERABLE
ANIMATION IN EARLY SESSION.
Gain Was then Lost by Dizziness and
at the C~IOse-CIose Weak.

VIEW YORK. Jan. 1.-THE stock market
showed a slight increase in animation for a short
time this morning. and a number OF STOCKS
reached a higher level of prices. But trading
promptly relapsed into profound apathy as soon
as the advances were made, and part of the gain
was lost. The market closed easy.
The most conspicuous movements were in the
department Of minor stocks, such as may remain
idle for weeks at a time until moved by opera
tions Of pools formed 10 make a market for the
stock. The movement of these stocks is invaria-
bly, accompanied by the circulation of rumors TO
give a seeming explanation of the movement,
such as a probable absorption of the property by
a larger railroad.
None of the rumors OF this character to-day
could find any verifcation. There was no sue
cess to-day in finding good authority for the re-
differences, which caused the movement IN Fehh-
syIyania. the most notable of the day. ,
rumors that the debenture b bonds were to be
retired in exchange for a fixed 4 per cent. bond.
Inc only comment IN official quarters on 6he re 70
conciHatlon story was that there was hothlhg 10
reconcile beyond the suits in the courts for dam
ages for the cutting of Western Union poles on
the Pennsylvania right of way.
DROP IN REALTY PREFERRED.
Reports of revived internal friction caused the
drop in United States Realty preferred. Nash
vile. Chattanooga & ST. Louis continued to sell
off on realizing by spectators who had bought
it in expectation Of the resumption of dividends
at a higher rate than the 4 per cent. decided
upon.
The new bond issue planned by the Chicago,
Rock island d Pacific Railway conformed closely
to previous reports. and bears who had sold the
stocks of the controlling Rock Island Company
in anticipation of the plan found the supply de-
hcient when they attempted to cover their shorts.
Rock Island was, in consequence, the only stock
to hold its strength at the last.
There was a moderate demand for United
States Steel preferred. based on trade reports Of
some Improvement in the demand for iron and
steel. The monthly blast furnace statistics were
regarded with satisfaction so far as they showed
a check TO the accumulation of stocks, but the
weekly production on Dec. 81 had meanwhile
fallen to the lowest of the year.
Baltimore Il Ohio was helped to some extent
by its listing on Swiss exchanges. The improved
sentiment over the war outlook had its part in
releasing the market from its bands of stagna-
ton. but the influence did not last through the
session.
The evidence of redundant accumulation of
cash in bank reserves seemed TO be without ef-
feet on the speculation.
Bonds We're dull and irregular. Total sales.
at par value, were 81, 10000. United States bonds
were unchanged on call.
Sales and the range.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
FINANCIAL CONDITION OF
PITTSBURG IS IMPROVED.
pnny's Floating Debt Relief to-
Entire Financial Communists.
to the Indianannlis InnrnnI

Special to the Indianapolis Journal.
P~ITTSBURG. Jan. 1.-THE financing Of the
Pittsburg Coal Companyts floating debt will
give great relief not only TO the company and
its allied interests. but 10 this entire financial
community This city has passed through a
period OF unusual liquidation, financial dis
order and apprehension which is now over. from
all Indications,
Following the collapse Of speculation in bank
securities. the troubles OF the Crucible Steel
Company, the losses from general speculation
in all classes OF securities. the friction between
prominent banking interests. and the struggles
OF the Pittsburg Coal Company, with its float
ing debt. have been a cause OF grave apprehen-
sion 10 general circles for the past two or three
months.
The company has now secured adequate and
permanent relief. II has a magnificent prop
erty with an enormous earning capacity. its
net earnings for 1903 being in excess OF 81
100000, and Il viii be able 20 easily take care
Of all its obligations and should be able. after
the present scrip dividend. 10 resume and con-
tinue regular cash dividends on its preferred
stock
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
NEW YORK

NEW YORK. Jan. H-Flour-ReceIp 1899
brls; exports. 17.126 brls; sales. ao packages.
Market quieter. but steady. without change. Rye
-four firm. Buckwheat -four dull. Corn meal
firm. Yellow Western. s1os: city. s.@. Rye
nominal. Barley quiet.
Wheat-Reeeipts. $3.50 bu; sales. $3.50. 900 bu.
futures; spot easy: No. 2 red. CSC. to arrive: No.
2 red, CSC, Z. o. b. aaoat: No. 1 northern Duluth.
esAc. (. O.. b. afoat; No. / hard Manitoba nom
inal. (. o. b. ahoat. Options weakened at the
opening on higheT eo ION 81, nS Sss S3Tssw sS the nss
strength Of coarse grains at noon. Later they
declined a second time under room selling a
close was sc net lower. Sales included No. 2
red. May. 50 s-lsaslAc,. closed at SoAc; July.
Corn@Receipts. 40. $50 bu; sales. 12s. 900 bu. flu
lures; $4,000 bu spot. Spot firm; No. :. soc.
No. 2 white. 521zc. option market was active
and stronger on bullish cables, small receipts,
cash demand: in IN the last hour Il declined slight
ly under proht-taking and closed unsettled az
&C net advance. May, 54a54Sc. closed at 54Ac.
Oats-Receipts. 1900 bu: spot firm: No. ..
4sAc; standard white. 45a45Hc: No. 3. exc: No.
white Western. 44af7c; track white State. 80
47c. Options nominal.
Feed firm. Hay dull Hops firm; PACING coast
1903. 26q34c; 1902. 2SqZIc. Hides firm Leather
Beef steady. Cut meats easy. Lard dull;
Western steamed. $40; January closed SO.
nominal; refined quiet Pork quiet Rice
No. Z invoice, 7Sc; mild steady; Cordova. Sh0
Sugar-Raw nominal; fair refining. 2Zc: GEN.
t%rifugal. SG-test, Sasc. Molasses sugar. 2%c: re-
fined quiet
Coffee futures opened steady at unchanged
prices to a decline OF 5 points, the partial loss
being due apparently 10 scattering liquidation
OF long account. The market ruled steady. but
only moderately active at the opening figures
and closed steady net unchanged 10 > points
lower. Sales were reported 10000 bags includ-
ing: January at 7.10c. March at z25d735c: May
at 1851. roc: July at 1S0l.s5c; september at
s.O5qs zoe; october at Sl5gS2Oc and December
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
IRON AND STEEL TRADES
SHOW MUCH IMPROVEMENT.
Buying of Finished Material Past
Week Largest Since Midsummer
of 19O3-OutIook Good.

CLEVELAND. o., Jan. 1.-THE Iron Trade
Review says:
"A decided Improvement in demand has ap-
peared in the iron market in the past week. Not
since midsummer of 1903 has there been such a
weeks buying in finished material. Blast fur
naees in the East. West and central West have
resumed operations. or have made ready for
early resumption. and this will bring the added
pig iron production up to a yearly rate of fully
2.2a0,O 900 tons.
The most pronounced activity of the last
week has been in bars and wire products. In the
closing week Of the old year and the first ten
days Of this year IL is estimated that the sales
Of wire products amounted TO fully 100. 900 tons.
most OF this tonnage being at concessions of S.
10 $ from the price previously quoted.
Demand of such proportions at this season
reflects the good buying ability OF the agricultural
community and gives promise of "A large spring
business. on its heels has come an advance of
81 a ton from the low point, and the leading pro-
Queer and independent Pittsburg and Ashland
0ky.) district interests are maintaining uniform
quotations. this being the first agreement of the
sort in many months.
Another evidence Of sound agricultural condl-
tons is the good demand for bars in the week.
Chicago reporting 20.o0 tons closed. Nanufac-
turers OF steel bars met at Pittsburg Tuesday
and reaffirmed prices Bar iron made a low rec
ord In the last ten days i'm the central West. but
Is now about 81 a ton above the low point. The
sheet trade shows sharper competition. with
prices about 81 a ton lower in the week"
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
WHEAT SHOWS NET LOSS
HEAVY SELLING MOVEMENT To-
WARD THE CLOSE CAUSES Loss.
EARLY the Market WAS Strong and
the May Delivery Reached ~ 3-4c
Other Grains Lower.

CHICAGO, Jan. 14-Dispatches indicating that
war may be averted led to heavy selling OF
wheat to-day during the last hour Of trading
The market closed ragged, with prices S4se
lower than yesterday. May corn showed a final
gain of sc; oats. sc. Provisions were loc 10
25c lower.
The opening in wheat was a trife easier. In
huenced by liberal receipts in the Northwest
and by an advance in the price Of British con-
soils. The sentiment quickly changed. however.
and a strong undercurrent set in. which carried
the price steadily upward.
The advance was due. to a considerable ex-
tent, to the display of strength shown in coarse
grains. although moderate buying by the big
bull interest had a noticeable effect After open
climbed up gradually. with some slight set
backs, until it had reached the S1%c notch.
A cablegram from Argentine mentioned in
cessant rains prevailing throughout the wheat
section, and this gave announcement to buy
tor. During the last hour the early strength
market started on a rapid decline.
Influenced by peaceful cables; there was gen
who were also laboring under the impression
that the leading long was selling through brok-
May sold at Ss.c.
The close was weak, with May at s6sc. Clear
453. 400 bu a year ago. Minneapolis, Duluth and
1DlGdRO ItDOTltu ItttlINS VI az taiSs t0AA4o
36S cars last week and 302 cars a year ago.
Corn was active and strong. Buying was of a
good class and based mainly on the small re-
ceipts. with a heavy proportion Of them of poor
quality. May opened a shade lower TO 1sG4c
higher, at 477sd4s%c, and from the opening
sales the price began TO advance. There was
little for sale until May had reached 4slsc., when
local longs began to dispose of their holdings
The market reacted under this proht-taking, and
May eased of TO 4Sl2c. The sentiment, however,
continued strong. and the close found May at
4Sl2c, a gain of sc over yesterdays close. Local
receipts were 2SS cars. with one of contract
grade.
Oats were excited and strong. Prominent COM
mission houses were active on the buying side;
and with light offerings prices showed good
gains. May was the leader in the advance and
sold up 10 Ale. At that figure there was a lot OF
liquidation. and the price sold off again, the
close being at 1850, a gain Of &c for the day.
The opening was 1c lower. at 1850. Local re-
ceipts were SO cars.
Provisions were steady early in the day on the
strength in coarse grains. Later In the session
the market eased off on selling by outside inter-
ests and local packers. The lower prices at the
yards were partly responsible for the selling
movement. The close was weak. with May pork
Csc lower. at ST.. e5q12.97h May lard was OFF 1Oc,
at Sc. 90. and ribs down 10c TO 12l9c, at $500.
Estimated receipts tomorrow: Wheat. 40 cars;
corn, $50 cars; oats. Ito cars; hogs, 5000.
Loading futures rapUed & follows.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
Local Financial Gossip;
Bankers and Brokers' Talk

With the less warlike outlook in the far East
and the advance in consols the stock market
showed some improvement yesterday, although
the advances OF the first part Of the session
were lost on profit taking in the last hour by
professional operators.
Some Of the big Eastern life insurance COM
panies are requesting their state agents to make
as many collections and get as much cash bust
ness as possible. This indicates that these pow
erful and wealthy institutions are in the stock
market 1t is thought the Eastern life insurance
companies figure it that stocks are around the
low point now and that securities bought now
securities showing in the annual reports made
public the first Of this month.
+ 2
Robinson Brothers. the well-known Pittsburg
firm, write Meyer & Kiser as follows upon the
financial outlook in Pittsburg: AS you know,
we have been for some time bearish on the mar
kets. both at home and in the East, for the
reasons above mentioned. We cannot help feel
ing that many conditions have materially i'm
proved recently, and that while much is still
a matter of promise that the outlook IS more
encouraging. There is Improvement in the steel
and iron trade. Our guess the end OF october
of the earnings of the Steel Corporation for last
quarter was Il .O00.C0 We are willing 10 RISK
the prediction that the present quarter, instead
OF showing $40. 900, 600, as many guess, the earn
ings Will be nearer, If not quite, SZO,Vv,V1o: we
is not at all likely we shall have any sudden or
marked improvement in prices, but we DO feel
that the worst is now over and that slow prog
ress can be made without fear OF unfavoraole
developments"
+ I +
A. r. Thompson & Cove look for a con-
tinuation of the narrow and featureless market
pending the declaration Of either peace or war
in the East. and would advise conservatism in
market commitments until the situation Is a
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
Telephones $50
CANNED KRAUT PRICES
ARE ON THE ADVANCE.
Price of Bulk Kraut Have Put
Canned Article Up 10 TO Is Cents.


The shortage of the cabbage crop last year
Is beginning to have it's effect in the grocery
5obbins houses as well as in the produce trade
on Commission row.
Prices OF bulk kraut have advanced to such
a high figure that the article in cans is 10 TO 1c
higher per dozen than the quotation in the
local market at this time last year. And lead
ing jobbers say the indications now point to
still higher prices. Kraut in the bulk also
looks higher.
The advance in kraut is not likely to have a
large effect on the retail prices here as most
OF the large jobbers and Wholesale houses have
large supplies bought or on hand. They laid
IN large supplies last fall when prices were at
a much lower level than they are now.
cABBEGE PRICES ADVANCED.
The price of cabbage was advanced 25c per
100 pounds yesterday by the leading houses on
Commission row. This advance puts the HoI-
land seed article at $3.50. about 75c per 100
pounds higher than IL was two months ago.
yesterday. The tendency In both cabbage and
onions is for still stronger markets. and higher
prices are looked for in a short time.
Commission merchants are again complain
was very slow, and the dullness was generally
attributed 20 the weather. The weather is a
larger factor in this line of business than is
the weather has been such as TO handicap bus
mess a good deal Of the time.
POULTRY STEADY
Poultry and egg prices hold steady. with the
local demand equal TO receipts. The unsettled
weather will likely hold egg prices at their
present level. and poultry is generally predicted
prices MAJ have TO be cut again in a short
time
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
A IN


ST ToT-IS Jan. Is-Flour fairly active ana
steady: red winter patents. A.S4i-50; extra
Timothv seed nominal at s2.20u2S0. prime high
err Corn meal steady at $40 Bran firm:
sacked, east track. slgSse. wheat over No.
May. SAdS31sc; July. E4c; No ? hard. Tns)c.
Corn higher; No. 2 cash 4S'te track, ffzo;
Nav. 46l.c. July, f5A05Nc. Oats weak: No.
white. s0ikc. Hay firm: timothy. slgl2.5o. prairie.
$3.50. Whisky steady at aslh- Cotton ties
pork lower: standard mess, jobbing. sls 12L..
Lard lower: prime steam, $50. Bacon steady:
bris: wheat. 1900 bu corn. $1,000 bu. oats. ~
80 bu. ShIpments-Flour $500 brls: wheat
JIG. 600 bu: corn, $500 bu; oats. 10000 bu.
CINCINNATI. Jan. 1A-Flour firm. whest
mfxed. s0G ssiac. Rye steady: No. 2. sc. Lard
quiet at $3.50. Bulk meats quiet at $3.50. Bacon
goods steady on basis OF slZ7. Sugar easy.
KANSAS CITY. Jan. Il-wheat-May nun
72%c: July. 70hsc. cash No > hard. 73Q76c. No.
4. 6ad72c: No. 3 red. S7QSSc; No. 3. SqS7c. Corn
May n4qtiFe; July soAs cash No 2 mixed.
No ? white. acc; No . mixed. S7a3Sc.
DULUTH. Jan. l4-wheat-In store. No. 1
e sT sgs. 10 arrive. 40 / hare. Sc: 20 nnooTTtthh--
ern. Sfibci No. 2 northern. SIC: No. 3 spring. 7ac.
May. SIC: July Sbc. Oats on track and 20 ar
MINNEAPOLIS. Jan. 4-wheat-May Wzo
SIC: July. S5kc. September. T7a.c: track No 1
hard. S7tsc: No I northern. ssisc. No > north
ern. S2asaSSisc; No. , northern, 7507ac.
LIVERPOOL. Jan. H-Wheat-Spot arm. No
American mixed new. As "a: American mixed
Old. Is SID.
BALTIMORE. Jan. I4-Close: waeat-Janu-
May. 50aa5oAc.
TOLEDO. Jan. r-close: wheat-May. S.e,
July, sac. cash, Die.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15

The local cash wheat ruled steady yester-
day, No. 2 red at 921zc. and the corn market
firm. The range:
Wheat steady; No 2 red. e21kc track; No,
track; January, 92l2c; wagon, soc.
Corn friner: No. 2 white. 44he; No 3 white.
No. 3 white mixed, 44c; No. 4 white mixed.
42c; No. 2 yellow, Hhc; No. 3 yellow, A.c;
No. 4 yellow. 42c: No. 2 mixed, A: No 3 mixed.
44c; No. 4 mixed, <2c: ear. sc
oats frmer; No. 2 white, SsHc; No. 3 white,
ace; No. 2 mixed. 3Skc: No. 3 mixed. Csc.
Hay steady; No. 1 timothy. s1l25: No. ? timo-
thy, $40.
Inspections-Wheat: No. 2 red, l car; No. 3
red. 2: total, 3 cars. Corn: No. 3 white. 7 cars:
No. 3 yellow, 1; No. 3 mixed. 2: No. 4 mixed. Il
ear, 3: total, IA cars. Hay: No. i timothy, i
car; No. 2 clover. /; total. 2 cars.
THE WAGON
Corn-Old. 45d5Oc; new, 4004sc.
Oats-Sheaf. $Sdl0 per ton, new. shelled oats.
37@40c a bu-
Hay-CIover. s7.5oas; timothy. t1o.5oaII; new.
mixed, $l0dIl; millet, SQS.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15

little more free from disturbing influences. The
market yesterday opened higher and a little more
active, owing TO more favorable news from the
East. IL advanced somewhat further during the
day, but in the afternoon, on proht-taking sales
showing a reactionary tendency The close.
Wednesday nights prices.
Porterfeld & Cove look for a rather pro-
fessional, or speciality. stock market until the
Russian.Japanese situation becomes more set,
tied. The subtreasury has lost S,IO6'W to the
New York banks since last Friday.
r r
Present Indications point to another good bank
statement tomorrow. The general sentiment in
Wall street is that the statement Will make
a favorable showing. so it is not likely that the
statement Will have very much erect on the
stock market unless it is unfavorable-
The placing of new issues of railroad bonds
does not necessarily mean that there will be no
money available for other purposes. Even while
the bonds are being absorbed by investors the
proceeds OF them will remain on deposit: and
the bonds are TO be issued. there will be simply
a transfer of credits from the companies to con-
total amounts OF money in the banks.
T 7
The fact should not be lost sight OF that the
intimate relations and largely increased transac-
tions in the foreign exchange market between
the leading bankers of Europe and the bankers
of the United States have resulted in a degree
exist. Moreover. London has had her own reve~
lations of excuses in high financial circles She
over promotion. and she is, therefore, not likely
TO put too much emphasis upon the disclosures
lan'ic. After all. such things as have taken
place In the organization of the shipbuilding
finance. and the body of business is SOUND and
observation-disclosures Journal.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15

general was more peaceful, with consols and
Russian and Japanese securities higher. SYM
long interest on the weak spots. heavy selling
by commission houses on the advance and ele-
ments OF strength in the legitimate situation.
were the most conspicuous features -he uaae
was very light and purely local The hour
at Minneapolis Increased loco barrels. the total
being S2S.635. compared with zFSoso last year
and there was some Improvement In the eN-
port trade. the result Of the boom in wheat.
The Kansas city market was strong ana lsc
picking up small lots there. The Kansas city
Star estimates IS per cent. of the crop IN Kan
sas City and St. Louis exceed receipts by 5000
bushels. The weather In the Southwest was
There was a big trade in corn and the mar
ket was very strong, advancing lsc for May,
p poam1Jm43iIs,%HIhi G bon was E Zoss o nrr pT9"i baye1H specne
lative interest in this market is increasins
effect Of the situation. Country offerings are
falling of. Our purchases at country stations
were getting from $1,000 TO 10000 bushels. our
Peoria house. on full market bids. got only
factory prices for the low grades viii tell On
the movement. our contract stock to-day is
only 2129.0 600 bushels, with no probability OF
any increase I'm time 10 assist the May shorts.
Good qualities are going to be scarce and IN
and &c to 1c a bushel higher for the good
qualities.
IPorterfeld & Col
Jan. had two sides
to-day. Cables came a little higher, and there
was an absence OF war news. The opening was
around last nights close. After small nuctua-
lions the Armour people tried TO bull the mar
ket. They succeeded in advancing II &C for
the May, but the bulge met an avalanche OF
selling, the same as yesterday, and the price
broke 1c from the extreme high figure. There
was support from Armour on the decline The
domestic and foreign crop news was beartsh,
and the unsettled foreign news was again the
bull factor.
There was a great corn market to-day. and
the May advanced to over 49c. The peculiar
feature of the two markets is that Bartlett.
Frazier & Co. are leading the selling in wheat
and the buying in corn. 1t is believed New
York parties are behind the deal and are OPP
posed TO Armour.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-15
H MONEY MARKET.
Rates on Loans and Exchange-CIenr-
ings and Discounts.

OBSERVATION-DISCLOSURES paper, 6 per
cent; time loans, 5lkq6 per cent.
NEW ~YORK.-Close: Money on call easier at
1&d2A per cent. time loans easy at 4 per cent.
for all dates. Prime mercantile paper, 5 per
cent. Sterling exchange frner, after easy, with
actual business in bankers bills at 81. s.. 3564. Sc. so
for demand and at s4s So. 40d4. So. As for sixty-day
bills Posted rates, s4SS and sass. Commercial
bills, 81. S2Q4 S2h