2 THE YEAR IN THE BUSINESS WORLD Marvelous Development in M anufactu/irg. IRON AND STEEL IN LEAD Output of Coal and Coke Sut passes Former Records BETTER DE MAND FOR FARM PRODUCTS Though Diought Curtail* d the Corn Crop il Was Not anUnmixrd Evil, Sirce With High Pricts Farmer’s Returns Were larger Than Usual. (By the Associated Press.) New York, Dec. 31.—Dun’s Review will say on January 4: , Most marvellous of all the phenom enal evidences of advancement in busi ness during the year was the progress made in manufacturing. It is impossi ble to be too extravagant in delineating the mqvements of the industrial world. Never in the history of this or any other nation has such development occurred within this space of a twelve-month. The expansion of productive capacity was enormous, the improved methods of work and organization were conspicuous, wise economies were introduced, but more than all other factors that made for perma nent prosperity was the conservative re sistance to price inflation. IRON AND STEEL.—After the reaction of 1900 the level of prices remained de pressed for some months, hut gradually responded to the increasing demand as excessive accumulations were absorbed. From a condition of glut there arose al most a famine, greatly exaggerated by the stubborn strike. Some idea of the changes in size of supplies may be found in the comparison of furnace stocks of pig iron as published in the Iron Age. which amounted to . r i45,663 tons on January 1. The figures steadily dec lined throughout the year until only 223,462 tons were held on December 1. Asjide from the slight fall during the period affected by the stfike there ap pears almost a steady gain in production, closing with the maximum quantity on record. Judging by the amount of busi ness already placed for 1902, the current year’s yield may not unreasonably be expected to surpass seventeen million tons. Output of rails was beyond all records, yet contracts for 1902 already as sure another high water mark of probably three million tons. COAL AND COKE.—AII records of out put for hard and soft coal were surpassed during 1901, despite the scarcity of cars that retarded operations. A feature of great advantage was the expanding ex port movement, which reached more en couraging proportions than in earlier years. In ten months the value of ship ments was $19,087,353, against $17,820,864 the year previous. Coke ovens made a penomenal record, establishing a new high water mark of weekly output at 244,529 tons late in November. THE PRODUCE MARKETS.—WhiIe I£oo was the best year ever experienced by domestic agricultural interests, the opening year of the new century was in many ways more profitable, and the two together have put the farming popula tion in much the most satisfactory posi tion in the nation’s history. Formerly the season of harvesting and crop moving brought heavy borrowing of funds at the cast, but interior conditions have changed to such an extent that western banks are lenders at New York and Chicago, and while there is still a large move ment of money away from (he East dur ing the fall months, it is of funds that were held here for the account of interior correspondents. There is a steady ten dency to enlarge the acreage South in the leading crops, yet supplies do not increase, owing to the better demand both for home consumption and export. HcAt and drouth caused a serious cur tailment of the corn crop, which proved the most important event of the year. While this influence naturally induced an advance in price that practically prohibi ted exports and thus seriously affected foreign commerce, it was by no means an unmixed evil, since the return to growers wa? even larger than in a year of normal production, while the enormous yield of wheat was absorbed by stock feeding and foreign consumers in place of corn. Hence, instead of a low price' for wheat in proportion to the heavy crop, there was maintained an even higher average quotation than in the short crop year preceding. Meats naturally reflected the expen sive position of fodder, and it was grati fying to notice that exports were not ma terially reduced by the 'high level. Cot ton passed a season of wide variations, in the early months attaining the highest price of the decade, but falling back sharply ns the spinning situation was ren dered unfavorable by exorbitant raw material. Crop estimates were also far apart, causing Irregularity and a ten deucy to await more definite informa tion. The outlook grew much more cheerful from the producers point of view when the closing month brought a higher I rice than 8 cents. Expanding crops of jmgar had the effect of lowering prices, while competition of refiners caused a still larger fall in the finished product, to the great benefit of consumers. Petro leum was less fluctuating, the extremes of the year being 6.90 and 7.65 cents for jefined in barrel cargoes. Extensive fields in the South were developed, which tended to hold prices down. Exports of the staple products reached a new high record, notwithstanding the lower average prices of oil anil cotton, and the scarcity of corn. The crop year opened with a new record of wheat and flour exports Headaoho Biliousness, sour stomach, constipa tion and all liver Ills are cured by Hold's Pills The won-irritating cathartic. Price 25 cents of all druggists or by mall of C. I. Hood i Have Always Bought WILD WELCOME TO THE NEW YEAR Steeples Rock to the Clash of Bells. HORNS’ STUNNING BLARE Whistles Screech, Fireworks Blaze Throats Roar. THE KING IS DEAD, LONG LIVE THE KING In the Churches There Are Services of Prayer and Song, the Worshippers Watching Out the Old Year to Welcome in the New, (By the Associated Press.) * New York, Dec. 31.—With services of and sons, with tolling of bells and ringing of chimes, with the blare of thousands of horns and the sharp crack of revolver and pistol shots with the screeching of whistles and cries from the throats of thousands the old year was bade farewell and the New Year welcomed last rflfinight- Watchnight was held in many of the churches throughout Greater New York and many chimes rang their farewell to the old year.and greetings to the new, Roman Catholic churches did not mark the passing of the year by midnight masses as was done last year, the ser vice then having been directed by the Pope because of the advent of a new century. Old Trinity and its chimes were the principal magnet for the horn blowing crowd in the down town portion of the city. Thousands gathered about the his toric old church. The scenes about Grace church and in Herald Square were similar ones. The din, too, in the Tenderloin early in the evening was terrific. But the noise and confusion that broke loose from steam whistles to horns on the stroke of mid night was the climax of the celebration. Will tha Four Burglars Hang? It is understood that an appeal will be made to the Governor for executive clemency in behalf of the four burglars in Buncombe county who were sen tenced to be hanged and whom the Su preme Court declined to grant a new trial. Judge Douglass dissented as to two of the burglars, who were on the outside of the building. The chances for executive clemency are more in their favor than as to the other two men. ADMINISTRATOR’S NOTICE. North Carolina—Wake County- Having qualified as administrator of Thomas C. Fuller, deceased, late of Wake County, N, C., this is to notify all persons having claims against the es tate of said deceased to exhibit them to me on or before the 31st day of Oc tober. 1902, or this notice will be plead in bar of their recovery. All persona indebted to said estate will please make immediate payment. This the 2nd day of November, 1901. JONES, FULLER. lwk —6wks. Administrator. NOTICE OF ADMINISTRATION. Having qualified as administrator, with the will annexed, of Louisa Ray, de ceased, late of Wake county, N. C., this is to notify all persons having claims against the said estate to present the same to the undersigned at his office in Ralpigh, N. C., on or before the 21st day of December, 1902, or this notice will be plead in bar of their recovery, and all persons indebted to the said estate will please make immediate payment to the undersigned. J. C. MARCOM. Administrator, &c. Dec. 19. 1901. 6t-w NOTICE. Having qualified as Executor of the estate of Jane C. Murrell, deceased, all persons having claims against said es tate are 1 notified to present the same to me on or before January 3rd, 1903, or this notice will be pleaded in bar of their recovery. All persons indebted to said estate will make immediate payment to me. THOS. B. YANCEY. BUSBEE & BUSBEE. Executor. Attorneys. Raleigh, January Ist, 1902. l-w-6w. SALE OF VALUABLE LANDS. In pursuance of the provision* of a judgment entered at February term, 1897 ; of Wake Supe rior Court, in the action therein pending, entl* t*edjte.|ll. Freeman''A Co.'vs.l.Needliain M. Norris et al, I will expose to public sale, to the highest bidder for cash, at the county court house door, in the city of Raleigh, in Wake county, on MONDAY, JANUARY 6, 1902. at 12 o’clock m„ three tracts of land in Middle Creek township, Wake county, described as follows, viz.: First Tract: Bounded on tlie north by the lands of W. J. Mills and J A. Norris, on the east by the lands of Mrs. Edy Partin, on the south by the lands of N. B. Norris, and on the west by the lands of N. M. Norris, and begins on the banka of Brazzell’l Creek, N. M. Norris’ corner, runs thence east along N. A. Norris’ line to Mrs. Edy Partin's comer, thence north 119 poles ta a poplar in the branch, VT. J. Mills’ corner; thence west 40 poles to a poplar in the branch, thence north 56 poles to a rock pile, W. J. Mills’ corner, thence west to the creek, thence up the said creek to the beginning, containing 175 acres, more or less. Second Tract: Bounded on the north by the tract above described and lands of Mrs. Edy Partin, on the east by the lands of D. C. Adams, on the south by the lands of D. C. Adams, and on the west by the lands of Jim Aikin, and be gins at a pine near the head of Shelton branch, Mrs. Edy Partin’s corner, runs south 128% poles to a Btake and pointers near the road in D. C. Adam’s )irv», thence west 101 poles to a stake and pointers in Jim Aikin’s line, thence north 133 poles to a stake in Shelton’s branch, in line of tract first above described, thence east 161 poles to the first station, containing 135 acres, more or less. Third Tract: Bounded on the north by the lands of J. A. Norris, on the east bv the lands of N. M. Norris, on the south by the lands of James Aikin, and on west by the lands of N. M. Norris and J. T. Adams, and begins at J. A. Adams’ coiner on Btazzell’s creek, runs west 22 poles to a white oak, thence S. 20 deg. W. 178 poles to pointers, thence east 22 poles to said creek, thence down, the same to the beginning, containing 24 acres, more or less. Terms of sale—Cash. PERRIN BUSBEE, Commissioner. This 20th day of November, 1901. Bears the _ Signature Atlantic Coast Line RR Condensed Schedule. ■ TRAIN* GOING SOUTH. DATED £ * Jan. 1«, 17901 « « 3 A *T*lMl**|i M h S “ $ (Corrected) o « o'3 © j oIS 6"3 Z Q IS? Q ZZzG ZQ [a.M.IP.M.IP. M.|A. M.|P.M. Lv. Weldon .. 11l 60| 8 68|..... J | Ar. Rocky Mt..| 1 00| 9 62| j j |P.M. | - J--- 1 . | Lv. Tarboro ..|l2 21| | 6 00| j....* Lv~Rocky Mt..| 1 05|10 02| 6 87| 5 15|12 5S Lv. Wilson ..| 1 59|10 40| 7 10| 5 671 2 40 Lv. Selma ....| 2 55|U 18| | | Lv Fayettevlllej 4 30|12 35| | | Ar. Florence..! 7 35| 2 40| | !-•••• JP.ltt.IA. M.| | j Ar. Goldsboro. | | | 755 j !••••• Lv. Goldsboro. |.....| I I 8 46 l 8 80 Lv. Magnolia --I I I I 7 * BB Ar. Wilmington j I 9 20| 6 00 | | |P. M.|A.M.|P.M. TRAINS GOING NORTH. ‘ >» 13 >• r o £ 00 . o 2 k! j* S w £ >• *£* a O * 0(0 6cd ©pS ZQ !z g ZQ \ZQ 'SO A.M.| |P. M.| Lv. Florence 9 50| | 7 35| | Lv Fayetteville 12 15j j 9 411 | Ar. Wilson 2 35| |l2 13| | |A.M.| |P- M.JA.M. Lv. Wilmington | | j I7ooj 93i Lv. Magnolla..| j I I 8 30 1 1l 10 Lv. Goldsboro - j 4 60| | 9 37|12 20 IP. M.| IA.M.|P. M.|P.M. Lv. Wilson ..| I St! 6 S3|l2 13|10 45 |1 18 Ar. Rocky Mt..| 3 30| « 10|12 45|11J3j 1M lil i i Ar. Tarboro ..| | * * B I I j-.-.* Lv. Tarboro ..j 3 81| I I 111 j j ill) Lv. Rocky Mt..| 3 SOj |l2 451 ]*•••• Ar. Weldon ..| 4 32| | 1 S9| | |P.M.| lA. M.jP. M.| ‘ Yadkin Dlvsion Main Line—Train leavea Wilmington, 9.00 a. m., arrives Fayette ville 12.06 p. m., leaves Fayetteville 12.21 p. m., arrives Sanford 1.43 p. m. Return ing leave Sanford 3.05 p. m., arrive Fay etteville 4.30 p. m., arrives Wilmington 9.25 t>, ip- Bennettsvllle Branch—Train leaves Ben nettiville 8.05 a. m.. Maxton 9.06 a. m.. Red Springs 9.51 a. m.. Tarkton 10.41 a. m., Mills 10.65 a. m.. arrive Fayette ville 11.10. Returning leaves Fayetteville 4.45 p. m., Hope Mills 5,00 t>. m.. Red Springs 5.43 p. m., Maxton 6.18 P- m., arrives Bennettsvllle 7.15 o. m. Connections at Fayetteville with train No. 78, at Maxton with the Carolina Cen tral Railroad, at Red Springs with the Red Springs and Bowmore railroad, at Sanford with the Seaboard Air Line and Southern Railway, at Gulf with the Dur ham and Charlotte Railroad. Train on the Scotland Neck Branch Road leaves Weldon 3.65 p. m., Halifax 4.17 p. m., arrives Scotland Neck at 6.08 p. m., Greenville 6.67 p. m., Kinston 7.61 p. m. Returning leaves Kinston 7.60 a m., Greenville 8.52 a. m., arriving Halifax at 1118 a. m., Weldon 11.33 a. m., daily except Sunday. Trains on Washington Branch leave Washington B.IC a. ro. and 2.30 p. m., ar rive Parmele 9.10 a. m., and 4.00 p. m., returning leave Parmele 9.35 a. m. and 6.30 p. m., arrive Washington 11.00 a. m. and 7.30 p. m., daily except Sunday. Train leaves Tarboro, N- C«, dally ex cept Sunday 5.30 p. m., Sunday. 4.15, p. m., arrives Plymouth 7.40 p. m* 6-10 P- *»• Returning, Leaves Plymouth dally except Sunday 7.50 & m., and Sunday 9.00 a. m-, arrives Tarboro 10.10 a. m., 11.00 a. m. Train on Midland N. C. Branch leave! Goldsboro daily, except Sunday, 4.00 a. m - arriving Smithfleld 6.10 a. m. Returning leaves Snrlthfieid 8.00 a. m., arrives at Goldsboro 8.25 a. m. Trains on Nashville Branch leave Rocky Mount at 9.30 a. m., J. 40 a. m. t arrives Nashville 10.20 a. m., 4.03 p. m. ; Spring Hope 11.00 a. m., <.25 p. m. R® turning leave Spring Hope 11.20 a. m., 4.65 p. m., Nashville 11.45 a. m., 5.25 p. m., arrive at Rocky Mount 12.10 p. m., S.OO p. m., daily except Sunday. Train on Clinton Branch leaves War saw for Clinton daily, except Sunday, 11.40 a. m. and 4.25 p. m. Returning leaves Clinton at 6.45 a. m., and 2.50 p. m. Train No. 78 makes close connection at Weldon for all points North daily, all rail via Richmond. H. M. EMERSON,' General Passenger Agent. J. R. KENLY, Gm. Manager. T. M EMERSON. Traffic MawMS®* ATLANTIC COAST LINE R. R CONDENSED SCHEDULE. Dated January 13th. 1901. No. 1 No. | I No - J .J^- UOS | *49 | I * 4B I ,loi J 1 STATIONB. | M * P. 1_ )A. M.'| jP- * jA. * 2 20| 9 Ooj Lv.Norfolk Ar.j 6 55| 10 25 2 40| 9 22| Pinner* Point j 6 30| 10 03 g 031 9 61| ...Drivers... j 6 05| 954 3 17 10 051 ....Suffolk.... j 4 50| 9 19 360 10 35) ....Gates ....j 4 20| 841 4 IS| 10 Eo| ....Tunis.... | 4 00| 8 22 4 36] 11 06| ...Ahoskey... | 3 41| 8 05 4 53( 11 21| ...Aulander... | 3 27| 7 50 6 35] 12 00| ...Hobgood... | 2 53| 7 08 6 00| 12 211 Ar.Tarboro Lv. i 31| C 4fl |Ar. ~v.| 6 351 12 50j Rocky Mount j 1 55| 118 P. M. |P. M. | IP- M. | A. K. •Daily. IDaiiy except Sunday. Trains No. 49 and 48 solid trains be tween Pinner’s Point and Wilmington. Train No. 49 counecta at Rocky Mount with train 23 for all points South «w. NC. 78 train lor all points North. J. R. KENLY, General Manager. T. M. EMERSON. Traffic Manager WL M. EMIREd*. General Passenger Agdi.