Newspapers / The News & Observer … / Dec. 16, 1899, edition 1 / Page 3
Part of The News & Observer (Raleigh, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
STOCKS TUMBLE, BUSINESS BOOMS Industries Expand While Spe culators Go Down Grade, FEW WORKMEN ARE IDL* NEVER II VS PRODUCTION’ BEEN GREATER THAN NOW. THE MONEY MARKETS STRAINED BY WAF Inflated Capitalizatioi Has D.ne Much Harm, and Speculative Excitement Has in Many Cases Counted Profits Long Be fore They Were Earned. New York, Dee. 15. —It. G. Dura and Company's Weekly Review of Trade will say in tomorrow’s issue: “Unusual depression, an stocks this week has displayed the great divergence .be tween the trading and the productive in dustries of the country and its specula tion. Never has production been greater, the number of hands employed larger, the wages distributed higher, or the pur chasing power based upon earnings, greater, than at this time, and never have conditions of trade or returns of earnings and traffic given certainty of greater business for transporters. Yet, as the earnings of the railway and niaur ufaetuniug companies mount upward their stocks decline as if it were disastrous for a road to double its earnings, and ruinous for a mill to realize unprecedent ed profits. “intluted capitalization, lias, of course, done much harm, and speculative excite ment has counted profits in many cases long before they were earned. Money markets here ami abroad have been strained by Brkfu-h reverses in South Africa, and wherever they were overhaul ed have been pushed to quick and disas trous instead of gradual liquidation. The result is that while industries and trans porting companies realize great profits, the speculative holders of tlniir stocks realize severe losses. “Iron production still expands. The Iron Age reports the output of pig 296,- 059 tons weekly December Ist, against 285.522 November Ist. and the decrease in stocks not held by the great steel com panies was 5,020, tons. A Pittsburg company bought 40.0(H) tons Bessemer for $24 at Valley Mills which is lielow re cent prices, and grey forge is quoted a shade lower at s2l. Bars are again ir regular, 2.1 for common at Pittsburg and 2.2 for refined at the East, and plates not exceeding sixty inches are sold at 2.30 by mi Ha out of orders, while :it is said that 2.85 cents is shaded at times for No. 27 black sheets, hut nearly ah works still have orders far ahead, and in other (Specialties p,rices are unchanged. The collapse of London speculation drojv pod the quotation of tin. to 24 cents here, with recovery to 25V4, and copper is weak at 10% cents, but lead is a shade stronger. “The boot and shoe works are hasten ing deliveries to meet the enormous con suming demand, and have shipped from Boston 186,421 cases in two weeks of December against 152,603 last year, and still less in any other year, except 1807, when 191.824 cases were shipped. The same dealers who urge early deliveries on past orders at lower prices are slow to place more at the higher prices now asked, while most of the work,-, having orders for sons- time ahead, are not anx ious to take more at present. Ihe a]»- proach of the holidays makes all welcome a season of quiet. Leather continues very strong with scanty supplies of sole, but great demand for upper. “The movement of wheat is disap pointing, but prices have declined only %e.. with corn a fraction higher. Atlan tic exports of wheat, flour included, have hoc-nt, 'in two weeks of December, only 5,- 225.2C9 bushels, against 11.129,459 last year, and Pacific- exports, 1,501,982 mtsh ols, against 1,298.514 last year. Shrink age in Western receipts only 8,975,725 bushels having come forward in two weeks, against 17,748,411 last year, is remarkable, though the movement then was abnormal. “Exports of breadstuff* in November decreased $3,500,(HR), which with losses of S9OO,(HM) in provisions and $18,000,000 in cotton lowered the value of staple exx»orts $18,337,507, in spite of an in crease of S2,OOO,<HH) in oil. But enor mous shipments of manufactured pro ducts made the excess of exports over imports more than $49,000,000 for the mouth. “In spite oU an advance of 2.1 cents in prices cotton exports in November de creased $13,020,920 in value, amounting to only 710,351 bales, against 1,483,210 last year. Prices do not clnmge this week, even, believers in a short crop thinking it as well to wait in view of me small demand. The dry goods market was strong with some further advances in price. Wood did not advance further, though sales scarcely diminish and have 25.0<7,000 pounds in two weeks at the three chief markets, so far exceeding all consuming demands that speculation must .still account for most of the business, but there was less excitement and more buying by small works. No change in quotations of goods appears, though in some heavy weights for fall, advances of 10 to 15 per cent, are reported. “Failures for the week were 218 in the United States, against 281 last year and 20 in Canada against 31 last year.” HESTER’S COTTON STATEMENT. Movement Into Sight Thus Far 1,377,- 000 Bales Under Last Year. New Orleans, La., D c. 15.—Secretary Hester’s statement of the world’s v sible supply of cotton made up from special cable and telegraphic advices compares the figures of this week with l.a-t week and last year. It show's the total visible is 4.228,837 bales, against 4,103 777 bales last week, and 5.274,862 bales last year. Os this, the total of American cotton is 3,020,837 hales, against 3,521.- CASTORIA [-or Inputs 2nd Children- The Kind You Hate Always Bought 777 bales last week, and 4,657,802 bales last year; and of all other kinds, includ ing Egypt. Brazil, India, etc., 608,000 hales, against, 582.000 bales last week, and 617,000 bales last year. The total world's risible supply of cot ton shows an increase compared with last week of 125,000 hales, and a do •rease compared with last year of 1,046,- 025 bales. Os tin- world’s visible supply there, is now afloat and held in Great Britain and Continental Europe 1,898,000 hales, against 2,799.000 bale* last year; in Egypt .171.000 hales, against 211.000 hales last year; in India 222,000 bales, against lsi.(HM) hales last year, and in the United States . 1,038,000 hales, against 2,084/(00 IMiles last year. Secretary Hester’s weekly statement issued before the closing of business to day/-,hows a decrease in the movement nto sight compared with the seven days ending this date last year in round fig ures 118,000 bales. For the fifteen days of December the total shows a decrease under last year of 287,000 hales, and for the 100 days if the season that have elapsed, the ag gregate is behind the 100 days of last year 1,377,000 bales. The amount brought into sight during the past seven days has been 335,881 hades, against 453.910 (bales for the seven days ending this date last year, and for the fifteen days of December, t has been 745,407 bales, against 1,- 032.087 bales last year. These make the total movement for the 100 days from September Ist to date 5,250,788 bales, against 0,031,084 hales last year. The movement since Scptemljer Ist, shows receipts at all United Slates ports 3,525.414 hales, against 5,072.654 bales last year: overland across the Mississippi. Ohio and Potomac rivers for Northern mills and markets 712.810 bales, against 551,501 bales last year: interior stocks in excess of those held it the close of the commercial year 524,801 bales, against 558,512 bales last rear; and Southern mill takings 493.757 bales, against 451,357 bales last year. Foreign exports for the week have been 141,443 hales, against 234.502 bales last year, making the total thus far for the season 2,261.764 bales, against 3,451.603 hales last year, a de crease of 1,189.839 bales. Stocks at the seaboard mod the 29 leading Southern interior centres have increased during the week 02,220 bales, against an increase during the corre sponding period litsit season of 57,168 bales. Including stocks left over at ports and interior towns from the last crop and the number of hales brought into sight thus far for tin* new crop the supply to date is 5,875,686 bales, against (5,901,050 bales for the same period last year. COMPARATIVE COTTON STATES! New York, Dec. 15. —For the week •tiding Friday, December 15th, 1899. Net receipt* at all United States ports during the week, 228,564; net roc ipts at all United States ports during the same week last year, 326.848; total receipts to this date, 3,493,847; total receipts to same date last year, 5,085.789; exports for the work, 141.373; exports for the same week last year. 276,192; total ex ports to this date, 2,244,490; total ex ports to same date last year, 3.520,047: stock at all United States ports, 1.102,- 150; stock at all United States ports saint* time last year, 1.330,482; stock at all interior towns, 788.201; stock at all interior towns same time last year, (584.740; stock at Liverpool, 125,000; stock at Liverpool same time last year, 1.158,000; stock of American afloat for Great Britain. 150,000; stock of Ameri can afloat for Great Britain same time iust year, 372,000. TOTAL NET RECEIPTS. Ne\C York, Dec. 15. —The following are the total net receipts of cotton at all ports since September Ist, 1899: Galveston, 1,152,397; New Orleans, 89(5.372; Mobile, 107,047; Savannah. 584,- 998; Charleston, 158,989; Wilmington, 196,113; Norfolk, 200.708; Baltimore. 47,012: New York, 28,590; Boston. 32,- 985; Newport 'News, 2.406; Philadelphia. 20.288; Brunswick, 22.011; Port Arthur, 4.398; Pensacola. 38,333. Total, 3.493.- 847 bales. “HE MISTAKES THE EFFECT FOR THE CAUSE.” That is what the person does who tries to cure rheumatism or any other disease by relieving the symptoms. Hood’s Sar saparilla attacks the cause of ttes3 dis eases. It neutralizes the acid in the blood and thus permaneiJy cures rheu matism. It tones and strengthens the stomach, restores its natural digesting fluids and permanently cures dyspepsia. Hood’s Pills cure constipation. Price 25 cents. COMPULSORY VACCINATION. Efforts Made to Stamp Out Smallpox in Chatham. Pittsboro. N. C., Deo. 15. —(Special.)— Dr. Chapin, the County Superintendent of Health, called a meeting of the County Commissioners yeserday to take some adieu towards the stamping out of small pex in Hickory ML and Matthews township in the western part of the county. Dr. Chapin. r< port 8 cases and 1 death. The commissioners ordered compulsory vaccination in that section of the county. It is the same old tale of a roving negro scattering this loath some disease, a negro having been allow ed to leave Greensboro with a well de veloped case conning direct to his home in Western Chatham. Dr. Chapin de serves credit for his great efforts in try ing to stamp the disease out. He leaves nothing undone in trying to check the spread of it. My son had been troubled for years with chronic diarrhoea. Sometimes ago I persuaded hint to take some of Cham berlain’* Colie, Cholera and Diarrhoea Remedy. After using two bottles of the 25-cent size he was cured. I give this testimonial, hoping some one similarly afflicted may read it and Is* benefitted. —Thomas C. Bower, Glencoe, O. For stile everywhere. Bobbitt-Wynne Drug Co., ami 11. T. Hicks, Druggists, Ral eigh, N. C. Those who use Coleman’s Tobacco Oil Liniment say it is the best in the world. Bears the Bi “T ra THE NEWS AND OBSERVER. SATURDAY MORNING. DECEMBER 16. 1899. BE Ul HYDROPHOBIA Eight-Year-Old Son of Mr. Leeper Bit by Mad Dog. 3arks Like a Cog and Foams at the Mouth. The Tongue is Badly Swollen. The Child's Sad Condition. (Charlotte News.) A sad affietion has invaded the home if Mr. John F. Leeper. of Gaston rounty. All-out four weeks ago Mr. Leeper's -blest son, Alex Hokes was bitten by a Collie dog, owned by Mr. W. <’. Aber nathy. of Alt. Holly. Nothing was thought of the occurrence until a few lays afterwards when the dog died with convulsions. Mr. Leeper brought lift* boy to Charlotte to the loadstone tml applied retm-dies that are usually •esorted to in such cases. The incident had about passed out of the minds of the la'eper family. Tuesday the hoy was seized with con vulsions. Reason was immediately <h rlironod and symptoms of the awful ilWase —hydrophobia* developed. Mr. Leeper at once sent; for a physician who made as careful examination as was possible under’ flu* circumstances. Front all the facts and the condition of the child at the time, the physician pronounced the trouble a genuine case of hydrophobia. In describing tin* aeidns of the boy to a News rejvorter this morning, a gentleman said that the child was roaming at the mouth all tin* time. The tongue* is so badly swollen that "the* jaws ippenr to In* swollen. The child cannot bear the* sight of watetj. (Some wais offered him yesterday and as soon ns he caught sight of the glass, convulsions again came* on. and for a time it was thought that death would result. l)r. Jenkins, of Gaston county, has made one or two examinations. He alls a News iiiformSrint that it is with out question a genuine case of hydro phobia. He has visited the home of the Leeper’s and has come in close con tract with the boy. There is no question in Dr. Jenkins’ mind as to the cause of the trouble. The News learns this afternoon, that the boy was taken sick 19 days after he was bitten by the dog. He was in excellent health at the time and had never experienced any severe sickness before. lie is now confined in a room and none of the family are allowed to enter At times the unfortunate child barks like it dog and makes other noises com mon to canines. While the convulsions are on. his condition is extremely pitiful. COLD STEEL OR DEATH. “There is but one small cEmue* to save your life and that is through an opera tion;” was the awful prospect set be fore Mrs. I. B. Hunt, of L ! me Ridge, Wis., by her doctor after vainly trying to cure her of a frightful case of stom ach trouble and yellow jaundice. 11 e didn’t count on the marvellous power of Electric Bitters to cure Stomach and Liver troubles, but she heard •*( it. tool' seven bottles, was wholly cilrel, avoided surgeon’* knife, now weighs mure and foci* better than ever. It's positively guaranteed to cure Stnoaeh. I.iver end Kidney troubles and never disappoints. Price 50c at all drag stores. MAN SHOT IN THE HAND, Pension Warrants Received. PyUh lans Eelect Officers. Durham, N. C., Dec. 15. —(Special.)— The pension warrants for this county have been received and are now ready for delivery. There are two in the first who get SO4 each per year; two in tin second class, who get S4B; ten in the third class who get. $32, and twenty eight ia’j the fourth class, who get sl6 each. There are twenty-five widows, who get sl6 each, being in the fourth class. The first, class is composed of those totally disabled; the second is by special act of the Legislature of 1899; the third comprises whose who have lost a limb; the fourth, those who have lost wound*, and also the widows of soldiers who were killed or died of wounds or disease. At a regular meeting of Durham Lodge, No. 31, Knights of Pythias, held last night, the following officers were elected: O. O. —W. M. Yearby; V. C. — R. L. Lindsey; K. of R. and S.-- J. Frank Mad dry; M. of EX —Harvey (Bol ton; M. of F.—D. G. Mangnm, Jr.; M. at A. —J. L. Kirkland; .u. of W. —S. B. Burch; I. G. —C. T. ’Pearson; O. G. — John F. Taylor. The Pythian* intend to move into their new lodge room it) the Cheek building, about the first ol' February. They will have one of the handsomest hails in the State. A pubide debate will lie given in "West Durham on Thursday night of Christ mas week. The query for discussion wiLl Ik*: “Resolved. That the Uuiti.! States should mot .adopt a policy of ter ritorial extension.” Prizes are offered to the tx-st debater, the In-st decluitm-r and the best essayist. Will Lunsford, who lives out in the Flat River section of this county, has made a remarkable shot with a gun He killed ten beds at one discharge of the -weapon. An examination of applicants for posi tions ‘as teachers in the graded schools will be held Friday, December 29th. Tom Ilopson, a colored man, was shot by an unknown man out Sugar Hill, a colored suburb of Durham, a might or so ago. The ball went through Hopson’s hand, inflicting a painful wound, which is Lit) no sense a dangerous one. Mr. Fred G. Battle and bride, who were married this week in Laurel, Mil., hare arrived in Durham and taken rooms at, the residence of the groom's father. Dr. L. W. Battle. Large break* of tobacco have prevail ed at the warehouses this week. The Durham Light Infantry was in spected this afternoon by Adjutant Gen eral B. S. Royster, of Oxford. Do you suffoT from lumbago, rheuma tism or swollen muscles? If so. procure at once a bottle of Pain-Killer and follow the printed directions. The relief is ftue stantaneous as well as lasting. No nee-, essity to suffer when, a remedy such as Pain-killer is to be had. Sixty years of success speaks for itself. Avoid sub stitutes, there is but one Pain-Killer. Perry Davis’. Price 25c. and 50c. THE EASTERN HOSPITAL. The Directors Meet and Re-elect Dr J. F. Miller Superintendent. GoldslioTo, N. C., Dec. 15. —/Special.)— The board of directors for tin* Eastern Hospital met at that, institution*yester day and unanimously re-elected Dr. J. F. Miller superintendent for a term, of six year*. Capt. Daniel Reid was re-elected stew ard and Mrs. B. V. Smith was re-elected matron., The following directors wen* present: lb*. W. D. Bullock, Wilmington; Dr. E. Porter, Rocky Mount; Mr. H. J. Faison, Faison; Mr. IV. F. Rountree, Newborn: Mr. 11. E. Dillon. LaGrauge; I>r. J. E. G-rimdey, Snow Hill; Dr. Md. Tatum, Mt. Olivo: Maj. J. B. Hill, Raleigh; Mr D. E. McKennie, Princeton; *j-t. E. Por ter chairman of the board, presided. Mr. W. C. Munroe, of the Goldslmro bar is arranging to prepare a complete digest of all the Supreme court decisions in tin* State. His undertaking will ■'» pend upon the support it finds among the lawyV-rs of the State. A FRIGHT j’ijl BLUNDER Will often cause a horrible Burn. Scald, Cut or Bruise. LJtt .-kleu's Armea Salve, the best in the world, will kill the pain and promptly h o «u < r . Cares Oil Sore-, Fever Sores. ÜbMtt, Boils, Felons. Corns, all Skin Eruptions. Best Pile cure on earth. On v 25 eta. a 1 >\. Core guar anteed. Sold e.* r ail >. vug pots. Special Christmas privileges to »«.!• !eg<* students by the Seaboard Air Line. Tickets good for three weeks if bought December 15tb, at one mil one th:rd fatvs for the round trip. Ti fleets on sale December 15th to 21st, inclusive, good until January 4th, inclusive. WVimBSII.VA. Iml In -IS hoars Gonorrhoea amt i IWJ disjchanrt-rtlrom tbo cans, arrested t>v Kantal Midyf (MtW l CapHiitoswithoiitinrronvfnlerx-eiilUt/l I Price SI. of ALL prujrtrl.-te, V V O. Bor ‘2OBI. New York. >l »—^ The Union Central Life Ins. Co With Assets over 22,000,000 Makes for her INSURED the highest interest (nearly 7 per cent) and lowest death (Just 74 per cent) rates of any company. For ten years our interest alona has paid all death claim* and matured en dowments and left a balance of 961,753.00. How doea thia Interest the policy holders? ANSWER: They get very large cash dividends. ILLUSTRATION: We ahow divi dends, experiences that amount to an nverage of 70 per cent of the premluma and In 1899 the premium was $17.00 and bis cash dividend at his command was 819.37, or $2.37 more than his premium I mention this to show what oor high interest and low rate doeß for our in sured. State age and get one like this (and we have complied with the Craig law too). CARYJ. HUNTER, Supt, for Va. and N. C., Raleigh. N. C COMMISSIONER'S Sale of Machinery. By virtue of power conferred by de cree rendered at October term, 1899, of Wake Superior Court in a cause entitled W. 11. Cole et al vs. M. S. Clark et al, I shall sell at 12 o’clock m., on the 2d day of January, 1900, at NO. 209 SALISBURY STREET, RALEIGH, N. C., at public auction to the highest bidder for cash the following articles of per sonal property, to-wit: One sax-horse power Cooper engine and boiler, 1 18-inch Davis-Egan lathe, one 17-inch I>avis- Egan shaper, one 28-ineh Davis-Egan drill press, three vises, pipe tools, shaft ing and hand tools and other machinery and tools to lie found in the said place of business and which belonged to the L\ D. C. Machine Company. S. G. lIYAN, Commissioner. Nov. 30, 1899—t. d. s. Alfred Williams & Co. BOOKSELLERS. Raleigh, North Carolina^ An Endless Variety of Holiday and Staple Goods. You will find in our stock all the latest .novels, gift books, story books for boys and girls. The poets in half calf, padded and cloth bindings. Picture books for little folk*. i CATARRH 1 COLD 'n HEAD •rn» cleansing AND HEALING CITKK FOR CATARRH is Ely’s Cream Balm Eaey and pleosant to use. Contains no in jurious dru*. It is quick y absorbed. Gives relief at once. It pens and cleanses the Nasal Passages. Allays inflammation. Heals and pro ects the membrane. Hestcms the censes ot Taste »nd stmell. Largs s ze fOe. at d*u*gi-1« *r bv mail; trial size 100. by mail. tfiLY BROTHERS, 6 Warren Street, New York SALE OF NOTES, ACCOUNTS, ETC. Under and by virtue of authority con tained iu a Deed of Trust from L. Wood lief and A. L. Davis and J. D. Davis, trustees, we will expose f or sab*, on Monday, December 4th, 1899 at 12 in. o’clock, at the Court House door in the city of Raleigh, to the highest bidder for cash at public auction, al* the notes, mortgages, judgments, accounts cud all other evidence of indebtedn.*s :, formerly owned by L. Woodlief, and now in our hands as such Trustees under said Der d of Trust, a list of which can be seen upon application tx> the undersigned or their attorneys. A. L. A,Nl> ,T. D. DAVIS. Trustees of Id. Woodlief. ARGO & SNOW, Attorneys. This November 7th, 189). Above sale continued to Thursday, January 4th, 1900, at 12 m. o’chek. mnswmm 3 ESTABLISHED 1805. & DONT Blot from your memory the FACT J ; ],ff c Kef p f KeiJp. $$ |f3 260 Kegs of Powder, Oil Ol 1 I U 275 Kegs Horse and j Mule Shoes. Stoves and Ranges are the 200 GUNS jr Ham Reccollect Please that Montague a Co. $ Sewer pipe is the kind that will stand TheNameia all the tests. •MURKBCO,” 1 . And the best—4 Brothers 4—Axle Greare. The world’s finest jjj •’1 The best Wall Finish bamjjle free from store. 2-cent stamp gets sample by mail. <• on the planet. Write Peters Cartridges. We are Sole Agents for atove goods. ’ for color card and _ . , I prices. Very truly, 1 Julius Lewis Hardware Co. | KAMIGH, N. C. •••••••©••©••©•©©©•a©©©«©•»•©•••••©•••«•*©•• 1 J. E. I ® (Successor to H, ar tud) I MERCHANT TAILOR, I | GREENSBORO, N. C. | WE MAKE CLOTHES WELL | 8 TO FIT WELL. TO WEAR WELL. TO LOOK WELL, i A full line of fine cl'tbs and casshneros always on hand. A large line of samples to 2 I select from. Samples and measuring blanks sent on application. f • J. K. CARTLAND. | ••••••••••••••••©•©•••••••©••©••••••••©•©••• Baptist, Methodist and Presbyterian Hymn Books. Episcopal Prayer Books and Hymnals. Devotional Books. Fancy goods in Silver Novelties. Ink Stands. Pen Holders, etc., Foun tain Pens, Gold Pens and Holders. ALFRED WILLIAMS & CO. A PRACTICAL CHRISTMAS PRESENT. One of those pure toned, best quality, thoroughly reliable W They’re made with all that skill which only years of constant and careful atten tion to every detail of their construc tion can command. Reasonably priced, convene nt terms. Catalogue and book of suggestions cheerfully given. CHARLES M. STUFF, Warerooms, 9 North Liberty street. Factory, Back of East Lafayette ave nue, Aiken aud Lanvale streets, Balti more, Maryland. ALLEN CRAiVI MACHINE COMPANY, RALEIGH, ... N. C. We regard the liberal patronage that we have had in our line during the last twenty-nine years as evidence of our ability in the Machine Business. We are still on hand with a full line of engine boilers, saw and grist mills, tram ears, the celebrated Champion Reapers and Mowers aud brick making ma chines. Repairing done Promptly. THE MOST SATISFACTORY PRESENTS Are Useful Ones. Hive them galore! Clothing, Hats, Gloves, Shoes, Caps, Cravats. Shirts, Jewelry, Han kerchiefs,Canes,Trunks, Um brellas, Bags, Etc. POPULAR PRICES. Pocket Books and Card Cases, Music Rolls, Lap Desks, and Portfolios, Work Boxes, and Fancy Box Papers, Paints and Artist Materials. Eastman Kodaks and Supplies. Standard Diaries. 1900. Send for Catalogues and prices. 3
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 16, 1899, edition 1
3
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75