Tlie Weather Today: FAIR.
The News and Obsei
VOL. LII. NO. 107.
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McMASTER OPENS
THE LEGAL BUTTLE
To Quash Judge Caron’s Writs
of Habeas Corpus-
THEGREENE-GAYNORCASE
The Filing of Affidavits and Counter-
Affidavits,
THE CHARGE AGAINST ERWIN REPEATED
\
Greene Avers That Erwin Told Him the Case
Might be Settled by Greene's Raying
$500,000. This Allegation
Erwin Denies.
(By the Associated Press.)
Quebec, Que., July 18.—Today’s pro
ceedings in the Gaynor-Greene case con
sisted principally in the filling of affi
davits and counter-affidavits, and it was
only a short time before the adjourn
ment of the court that Mr. McMaster, for
the prosecution, commenced his argu
ment on his motion to quash the habeas
corpus writ used by Judge Caron on June
20th and 21st last.
The proceedings were opened by Mr.
Taschereau, counsel for the prisoners,
who produced affidavits of Benjamin D.
Green, that on May 17, Mr. Erwin called
on him at the Windsor Hotel, Montreal,
when Erwin said to Greene: “If you
will pay $500,000 to settle the whole mat
ter, 1 will go at once to Washington and
advise its acceptance.”
Greene replied that he could not stand
that because he had not money enough
to pay his half of the amount, but that
Erwin said: “Gaynor has enough, I
don't know where it is, but he has it.”
To this Greene said: “If you will say
$200,000 I will talk with Col. Gaynor
about it.” Erwin replied, the affidavit
continued: “That, will not be enough.”
Greene then added: “What do you
think of $300,000. He said: “I don't
think it is enough.”
Greene finally replied: “Well, anyway,
I don't see how we can pay any money,
because that would be an admission on
our part that we have received money
wrongfully; that we have not done.”
Greene swore that this talk of a set
tlement for $500,000 referred to the
criminal proceedings against them, and
not to any civil claim. This affidavit
was supported by another from Mrs. J.
F. Gaynor. i
Mr. McMaster read an affidavit signed
by Marion Erwin, completely denying the
allegations contained in the affidavits of
Mr. Greene and Mrs. Gaynor. Regarding
the interview betw r een Greene and him
self, Mr. Erwin stated that on his re
turn to his room in the Windsor on the
afternoon of May 17, he found a note, in
which he recognized the handwriting of
B. G. Greene, which note was as follows:
“If you can call to see me at any
time today you will do me a great
favor.”
The original of this note is irt the pos
session of Mr. Erwin and was shown to
Judge Caron.
In response to that request he weAt to
Greene's room and the latter opened the
conversation by saying that while he
knew Erwin had been prosecuting him
vigorously for over two years, he w’anted
to thank him for having always treated
him with personal consideration. He
then said if the extradition proceedings
at Montreal proceeded for any length of
time it was probable he might desire to
give bonds.
Erwin’s affidavit continued in sub
stance:
“I called his attention to the fact that
he and Gaynor had already forfeited
bonds in the sum of SIO,OOO each. He
replhd that he had left the United
States because he had resolved never to
be put in jail as a convict : that he came
to Canada with the expectation that
after a year or two his friends in the
United States could effect a settlement
of the civil claims of the Government
against him, and then he could probably
obtain a dismissal of the criminal prose
cution. He said that he had not given
his personal word that he would not run
off from the prosecution in Georgia, but
he would pledge me his word of honor
that if 1 would agree to his giving bond
before Judge La Fontaine he would not
run off. He then referred to the fact
that the government had already tied
up by civil proceedings half a million
dollars of assets, of what the Goverr
ment claimed was O. M. Carter's share
in the fraud, and asked me what was the
exact amount the Government claimed
that he and John F. Gaynor had re
ceived as their share. I replied that we
claimed that, he and Gaynor had received
$1,100,000 as their share , in the fraud.
He replied that he was in no position,
and had not sufficient means to meet
such a claim, and that he and Gaynor
would be willing to pay the Government
$300,000 in settlement of the entire liti
gation, to include the SBO,OOO claimed on
forfeited recognizances which he said
were secured by assets put up by Gaynor
and himself with the sureties, but if he
settled the civil claims it must carry with
it the dismissal of the criminal pro
ceedings. I replied that I knew of no
law for settling the criminal case, but
that if he made restitution of the Gov
ernment’s actual loss, 1 did not know
what view of leniency might be taken by
the Government; I had no authority in
the matter, and that the amount he
offered in settlement of the Government's
claim was not sufficiently large for me
to recommend to the Attorney General.”
The other affidavits practically contain
the same statement as that mentioned
last week in Mr. Erwin’s reply to Mr.
Taschareau's statement.
Mr. McMaster also produced affidavits
from Detectives O'Keefe and Sloan of
Montreal, who swear that when the in
terview took place between Gaynor and
Greene, only these two were in the room
Mr. McMaster in conclusion remarked
that these affidavits were filed to con
tradict utterances made by Mr.
Taschareau on July 11. Mr. McMaster
then filed a new power of attorney,
signed by Attorney General Knox on July
11th.
The question of affidavits was then
dropped and McMaster began his argu
ment upon his motion to quash the writ
of habeas corpus.
On the Diamond.
(Special to New s and Observer.)*
Aberdeen, N. C.. July 18.—In one of
the most interesting 1 games of ball over
witnessed on the Aberdeen park, Aber
deen won from Rockingham in a ten in
ning game by a score of ten to nine.
Batteries: Rockingham—Gill and Weiel;
Aberdeen—Knight and E. Pleasants.
KINSTON DIES GAME.
She ib Defeated in a Twelve Inning Game by
Wilaon.
(Special to News and Observer.)
Kinston, N. C., July 18.—Kinston met
defeat again today from Wilson on the
home ground, but they died hard and
game. It took twelve inning to decide it.
Score by innings: RH E
Wilson ...0 0100004000 2—7 11 8
Kinston ..04 100000000 o—s 77
Batteries: Sullivan and Reed; Krause
and Hicks.
J
National League.
At Brooklyn— R. H. E.
Boston 000000001 o—l 71
Brooklyn 00000 10 0 0 I—2 7 2
At Pittsburg— R H E
Pittsburg 0 0000000 o—o 5 0
Chicago 1 1000000 o—2 7 2
American League.
At Baltimore— R II E
Baltimore 0 0003000 o—30 —3 6 2
St. Louis .. ~..3 0 0 0 0 1 0 0 o—4 12 2
At Philadelphia— R H E
Chicago 2 2 0 0 2 0 0 0 o—6 11 2
Phila 1 2 0 1 0 0 0 1 2—7 15 2
At Boston— R H E
Boston 0 2 0 2 0 0 0 0 0— 4 10 2
Cleveland 401 40500 o—l 4 16 1
Southern League.
Chattanooga 5; Shreveport 7.
Nashville 1; Little Rock 6.
Atlanta 4: Memphis 13.
Birmingham 1; New Orleans 17.
Eastern League.
Worcester, 4; Providence, 3.
Newark, 4; Buffalo, 4.
Toronto, 2; Montreal, 3-
Jersey City, S; Rochester, 4.
Second game—Jersey City, 2; Roches
ter, 3.
Three Accidents
(Special to News and Observer.)
Asheville, N. C., July 18.—There are
three serious emergency cases in the
1 cspital here.
Henry Fisher, a native of Salisbury,
was run over by a train and fatally in
jured. He was beating his way from
Knoxville to Salisbury, and as he tried
to jump from the train in this city his
! foot was caught and his leg was drawn
i under the train and crushed.
A young white man, about 22 years
old, was run over by a train at Fletch
ers and is perhaps mortally hurt. His
lamoyis not known, and he is still un
: conscious. He is well dressed.
I A negro had both legs cut off hv a
mowing machine at Weaversville, eight,
j miles from Asheville, and will probably
die.
A Dog Suit.
(Special to News and Observer.)
Fayetteville, N. C., July 18. —There is
an interesting dog suit now in progress
before ’Squire C. P. Overby. Mr. T. M
Lewis, of Carver's Creek, is suing Mr.
Warren Carver for the possession of a
hound dog, to which each lays claim.
Mr. Lewis claims that Mr. Carver took
the dog away from him. This Mr. Carver
admits, but says the dog belonged to him.
Coronation August 9ih.
(By the Associated Press.)
London, July 18.—An official notifica
tion was issued this morning that by
the King’s command the coronation of
King Edward and Queen Alexandra take
place August 9.
Mine Officials Blameless
(By the Associated Press.)
Parle City. Utah, July 18.—The coro
ner's jury has declared the officials of
the Daly-West Mine entirely blameless
for the accident by which thirty-five
men lost their lives.
Congressional Nominations.
(By the Associated Press.)
Tallahassee, Fla., July 18. —In the
Third Florida district. Attorney General
Wm. B. Lamar has been nominated for
Congress by the Democrats.
RALEIGH. NORTH CAROLINA. SATURDAY MORNING. JULY 19. 1902.
FOH GOLMLWIRELS
Byers and James Will Enter
the List Today.
A Desperate Struggle Expected. He Who Wins
the AmateurJ Championship Will Well
Merit the Honor.
(By the AsWciatcd Press.)
Glenview Golf Course. Ills., July 18!
Either E. B. Byers, of the Alleghany
Club of Pittsburg, or Louis James, of the
Glenview Club. Chicago, will wear the
amateur golf championship laurels to
morrow night. These two won their way
through the semi-finals today, Byers
rather easy, James after a heart-disease
producing game, and tomorrow will meet
in the finals at 36 holes for the cham
pionship. If Byers and James play in
the form they shoiyed today, the game
may not be decided until the home green
is reached, though Byers on account of
the marvelous golf be played yesterday
when he put Champion Travis out of the
running, is perhaps a slight favorite.
The game will be played over the first
nine holes of the Glen View course un
less the players shall elect to use row
boats. The low lying lands embracing
the fair greens to the tenth, eleventh,
thirteenth and seventeenth geens and the
geens of the latter two are covered with
from two to ten inches of muddy water,
the result of last night's terrific storm.
Even the higher ground of the first nine
holes is in exceedingly poor condition for
play, water abounding while the course
is soft and treacherous. Nevertheless
the U. S. G. A. officials say the cham
pionship contest must be finished. A
steady drizzling rain was falling tonight
and prospects are that tomorrow’s game
will be played under conditions more
suited to yachting than championship
golf.
GROWS OUT OF OSBORNE CASE.
A Ten Thousand Dollar Sait Against the Vir
ginian Pilot
(By the Associated Press.).
Norfolk, Va.. July 18. —Commonwealth;?:
Attorney, John G- Tilton, today institut
ed suit against the Virginian-Pilot Pub
lishing Company in the sum of SIO,OOO
for the publication and circulation of an
alleged libel. The suit grows out of cer
tain articles in which Tilton was criti
cised by the paper relative to the posi
tion he took in declining to hold Osbornd',
the alleged double wife murderer for
trial here on the charge of killing his
wife in this city, instead of which he
turned him over to the Oklahoma au
thorities to answer for a similar crime
there in 1896.
KILLED IN A WRECK.
The Death of Norman B. Qruendeler in New
York Yesterday.
Mr. Norman Gruendeler, of this city,
has been killed in a wro:k ia New York,
which took place yesterday.
This is the news received her i by the
young man’s mother, but no particulars
were given. The telegram stated that he
was killed in a wreck while on liis way
home from a wreck. It is supposed that
the wreck occurred on an electric car
line.
! The young man was about twenty-four
years old and had been employed in the
office of the Progressive Farmer. His
mother lives at 730 North Blount street
and has resided in Ralei’h for any
years, having come here from Massa
chusetts.
Mrs. 8. M. D. Tate Dead.
(Special to News and Observer.)
Morganton, N. C., July 18.—The re
mains of Mrs. Samuel McD. Tate, who
died in Johns Hopkins Hospital, Balti
more. were brought to Morganton last
night. Mrs. Tate was taken to Johns
Hopkins Hospital about a week ago. and
underwent a very serious operation, from
the effects of which she died at an early
hour yesterday morning. Mrs. Tate was
a sister of Messrs. R. C., John 11., W. S.
and D. C. Pearson and Miss Ann E rear
son, of Morganton, and of Mrs. L. P.
Ray. of Fayetteville. Her husband, the
late Col. Samuel McD. Tate, died in 1897,
and she leaves a family of six rhildren,
three sons and three daughters. She
was an aunt of Mr. S. T. Pearson, of
C harlotte.
Member of Quantrell’s Band Killed.
(By the Associated Press.)
Lexington, Mo.. July 18.—Jos. Calla
way, a member of the Quantrell Band
during the Civil War, is dead here from
knife wounds inflicted by “Doc" John
son in a quarrel Tuesday. Before dying
he exonerated Johnson.
Great Time Ahead,
Next week is the time of the great
Fireman's Tournament in Raleigh, and
on Monday the advance guard of tire
coming thousands will beg n to appear
in the city.
July 22. 23, 24 are the dates and it is
going to be the greatest tournament ever
held in the State. Raleigh will be the
raecca for firemen anl their friends from
every section of the State.
Mr. Latta Better.
The report reaching Raleigh yesterday
concerning the condition of Mr. Charles
G. Latta, who lies ill in New Y’ork froiir
the result of a terrible street ear acci
dent, was that Mr. Latta's syuu turns had
I showed no change for the worse and that
he was very slightly improved.
THE BOli DECIDES
Three Arbitrators Agree, the
Fourth Dissents-
This Fourth Man Represents the Strikers But
Both Sides Are Bound to Abide by the
Decision.
(By the Associated Press.)
Richmond, Va., July 18.—At 3:50 this
afternoon, the street railway strike ar
bitrators reached a decision, which was
put into writing and copies sent to the
company and to the headquarters of the |
men. These copies were sealed and the
arbitrators refused to make known di
rectly the result of their work. It was
learned at the office of the company,
however, that three members of the com
mittee unite in the following report:
Main line motormen to receive 18*4
cents, and conductors 17%; branch line
motormen 16%, and conductors 15%,
each division to decide for itself on the
number of hours per day the men shall
work. This report was signed by three
members of the arbitration board. The
fourth member, who represented the men.
dissented from the report, but it is not
yet known what his position was. Both
(sides signed a written agreement 4o
abide by the decision of the board of
arbitration.
MR E & KORTHHAM DEAD
Hit Remains Taken From Graham to Smith
field For Interment
The many friends in Raleigh were
grieved when they learned of the death
of Mr. E. R. Northam, which took place
in Graham Thursday night at the home
of his brother-in-law, Capt. E. S. Par
ker.
Yesterday afternoon the body was
taken from Graham to Smithfield. The
funeral party was joined here by Mr.
J. B. Pearce, a friend and former busi
ness partner of Mr. Northam.
Mr. Northam had lived in Raleigh for
about twenty-five years. As a young
man he was in the employ of W. H. & R.
S. Tucker, and later with the firm as it
was re-organized. After this he was
with A. B. Stronach and then became a
partner in the firm of Boylan. Pearce &
Company at its organization.
He was with this firm until his health
broke down about two years ago. A year
auo yesterday he went to the Jackson
Sanitarium and later was brought back
to Graham, w'here he has since remained.
Mr. Northam was about fifty-three
years old and had many friends in this
city, who sympathize with his relatives
in his death. The funeral was held at
Smithfield yesterday afternoon.
WILL BLATON HANOT
Respited For Two Weeks Eis Time is Out cn
Tuesday.
Unless the sentence of Richard Ulaton
is not put into execution because of an
other respite, a commutation, or a par
don he will be hanged in Salisbury on
Tuesday, as that is the time to which his
piesent respite extends.
Blaton is the negro sentenced to be
hanged with Fleming at Salisbury, both
convicted of rape, but a plea for further
investigation of his case caused Governor
Aycoek to respite him for two weeks.
Fleming’s dying statement was that Bla
ton is innocent and was not with him
when the rape was committed, but as
he made many mis-statements there is
doubt thrown about his confession. The
Governor will possibly today announce
his decision in the matter, for *if Blaton
is to ne hanged he will have to be taken
to Salisbury before Tuesday.
To Inspect the Road
Messrs. B. C. Beckwith, of Raleigh,
and B. W. Ballard, of Franklinton, of
the Board of Internal Improvements, will
today leave on a tour of inspection of
the Atlantic and North Carolina Rail
road and will be away several days.
Governor Xvcock is the third member of
the board, but it is not expected that
he will go on the tour, being detaiued
here by other duties.
Mr. W. H. Miller’s Funeral.
The funeral of the late Mr. W. H.
Miller took place yesterday afternoon at
the Baptist Tabernacle church at five
o’clock, and there were many friends
present on the sad occasion.
The funeral service was conducted by
Rev. T. J. Watts and the pall bearers
were: Messrs. C. H. Boine, Georg?' W.
Norwood, Charles F. Cooke, J. C. Corroll,
R. J. Conrad and J. M. Warren.
Dr. Rogers Doing Well.
The condition of Dr. J. R. Rogers, who
is ill in Rex Hospital, was reported us
being much better last night. A mes
sage from the hospital said he was get
ting along excellently.
Polish Hostility to Germany.
(By the Associated Press.)
Berlin, July 17.—Polish hostility to the
Germans is expressed in the celebration
of the defeat of the Knights of St. Johu
at Tannenberg by the Poles and Lithuan
ians in 1410 by a thanksgiving mass ia
the Cathedral of Gnesen, Province o’
Posen, where the Wreschen School rio
trials took place last November. The
archbishop, Von Stablewaski, who had
often shown an anti-German sentiment,
consented to the celebration which has
caused the Prussian press to declare that
such a treasonable demonstration should
not be allowed on German soil.
The army until the recent revival of
Polish national feeling had not been free
from outbreaks of racial antipathies, but
according to the Taegliche Rundschau, a
body of Polish recruits instead of an
swering the roll call with the German
word “hier,” recently replied with the
Polish “zde.” The offenders were pun
ished by short terms of arrest.
From Rampolla to Taft.
(By the Associated Press )
Rome, July 18. —A note from the Vati
can was presented to Governor Taft to
night which in part is as follows:
“I hasten to acknowledge the receipt
of the letter by which you kindly com
municated to me the cablegram from
Secretary Root answering my note of
July 9, which explained the counter-pro
ject of the Vatican for the regulation of
religious affairs in the Philippines. * * *
The Pontiff has taken into account the
assurances of Secretary Root that the
American authorities in the Philippines
and at Washington will put forth all pos
sible efforts to maintain the good under
standing happily established with the
authorities of the Catholic church. On
his part, the Pontiff will not fail to give
the Apostolic delegate, soon to be sent
to the Philippines, the most precise in
structions according to my former notes.
The main lines for future negotiations,
indicated in the notes, having been ac
complished by Secretary Root, the re
port of the Vatican in the archipelago
will enter into relations with the authori
ties in the Philippines on the four points
indicated by Mr. Root at the end of his
cablegram.
"The Holy See does not doubt that mu
tual confidence, combined with the ac
tion of its representatives, and that of
the American government will easily pro
duce a happy solution of the pending
questions, inaugurating for that noble
country a new era of peace and prog
ress.
“While flattering myself that this first
success will be a guarantee of the hap
py issue of ulterior negotiations in
Manila, I have the honor to be, etc.,
(Signed) “RAMPOLLA.”
Governor Taft was informed tonight
that tho Pope had fixed July 21 f u* his
farewell audience.
The Virginia Legislature.
(By the Associated Press.)
Richmond, Va., July 18.—The Senate
and House today after sessions of some
what over an hour, each adjourned until
noon on Monday. The Corporation Com
mission fight came ujl again and was
again postponed until Tuesday, ’after
much cross-firing as to the alleged
“slate.” Little of interest was done in
either branch, both considering the com
mission question for some time. A large
number of bills were presented in both
branches, but under the new rules, none
have yet reached the stage where they
can be put upon their passage.
Orioles’ Franchise Forfeited.
(By the Associated Press.)
Baltimore, Md., July 15.—The American
League Board of Directors today formally
declared the franchise of the Baltimore
Baseball and Athletic Company forfeited.
„ ...
Invited to Kansas.
A letter has been received at the Ad
jutant General s office -inviting North
Carolina to send companies to Fort Riley,
Kansas, next month to the military ma
noeuvres there. Os course, no company
can go from this State since there is no
provision for paying the expenses, but it
is possible that some officer from the
State Guard will attend.
Lecture on Silk Growing.
Mr. Louis B. Mogid, president of the
Sericulture Company of America, will
deliver a free lecture on silk growers in
the auditorium of the Department of
Agriculture Friday, July 18th, noon.
The ladies and children and all others who
feel an interest in the pleasant and re
munerative art of silk growing, are es
pecially invited to attend.
COMPARATIVE COTTON STATEMENT.
(By the Associated Press.)
New York, July 18.—For the week end
ing Friday, July 18: —Net receipts at all
United States ports during week, lo,604;
Net receipts at all United States ports
duriung same week last year, 49,790;
total receipts to this date, 7,508,385;
total receipts to same date last year,
7,396,660;; exports for the week, 30,576;
exports for same week last year, 27,356;
total exports to this date, 6,432,067;
total exports to same date last year,
6,158,744; stock at all United States ports,
255,801; stock at all United States ports
same time last year, 413,276; stock at
all interior towns, 83,108; stock at all
interior towns same time last year,
192,385; stock at Liverpool, 693,000;
stock at Liverpool same time last year,
591,000; stock of American afloat for
Great Britain, it.QOO; stock of American
afloat for Great Britain same time last
year, 55,000. »
Hyatt Off For Oklahama.
(Bv the Associated Press, i
Norfolk, Va., July 17.—Charles F.
Hyatt, alias Charles F. Osborne, was de
livered to the Oklahoma authorities to
day and left for Stillwater. Osborne is
charged with the murder of his wife in
Stillwater in 1896.
Lafollette is Renominated.
(By the Associated Press.)
Madison. YVis., July 17.—The Republi
cans of Wisconsin finished their work in
convention tonight after re-nominating
for Governor, Robert M. Lafollet’.e and
1 naming a full State ticket.
I
PRICE FIVE CENTS.
THE NEAR FUTURE
MOST PROMISING
Cropsand Industrial Develop
ments Favorable,
GREATER EASE OF MONEY
The Railway Earnings For June Are
Very flattering.
FRUITS GENcRALLY HAVE DONE WELL
The Crop Position ts Colton is Nit Yet Clearly
Defined Enough to Induce Ntw Com
mitments, Better Tone in the
Manufacturing.
(By the Associated Press.)
New Y’ork, July 18.—Bradstreet's will
say tomorrow:
“Weather, crop and industrial develop
ments have been largely favorable and
coupled with the greater ease of money,
make for an optimistic feeling in trade
and speculation. As stated some time
•ago and confirmed by recent develop
ment, the future seems more secure, but
the immediate present does not in all
instances present so satisfactory, an ap
pearance. Warmer weather has continued
to help retail distribution, but has not
in all cases made up for the disadvan
tages created by the heretofore back
ward '-season. With few exceptions sum
mer resort business has not equalled ex
pectations. Railway earnings are really
flattering June returns on nearly 100,000
miles of road showing an aggregate gain
of 8 per cent over last year. The de
mand for products of ircu and steel
seems to be recovering from the tem
porary depression. The shoe trade and
naturally hides and leather, heretofore
backward have begun to show a favor
able side and the strength of wool ami
woolen goods is also more noticeable. The
dry goods trade is rather quiet, but in
creased interest seem to be expected. The
Eastern fall jobbing trade in this line
is not expected to'-sot in quite as early
as a year ago. Good growing weather is
reported the country over and corn and
cotton reports are generally, more favor
able. The Southern peach yield has been
large and fruits generally have done
well,
Iron and steel trade conditions are sur
prisingly good, to none more so than*
the manufacturers themselves, who at
(he middle of July find their output for
the last half of the year practically
booked. The scarcity of pig iron amounts
to something approaching a famine owing
to restricted supplies of fuel causing shut
downs of numerous furnaces. Numerous
orders for pig iron for the first half of
next year have been booked both by
Northern and Southern furnaces. The
position of the latter has been much im
proved by the settlement of the coal
miners’ strike in the Birmingham dis
trict. Heavy sales of finished material
are reported at Chicago and Pittsburg
this week. Bar iron, structural material,
rails and in fact all of the heavier forms
note special activity. Implement manu
facturers have heen free buyers. Hard
ware has been exceptionally active, build
ers’ material leading. Some Western
shovel manufacturers report an unprece
dented output and sale of this class of
material. Wire cloth is active and large
orders for material are reported booked.
Machinery, saws and stoves are active
at the West. Prices note a few changes
and are at the ton on practically all
lines.
Woolen goods are still quiet at the
East but the reports as to the clothing
business received from Western and
Southern manufacturers indicate a good
business. Wool is strengthening per
ceptibly, Eastern quotations between one
half a cent higher, and the tone is more
optimistic in this trade, helped as it is
by firmer prices in London ami reported
drought in Australia. It has been a
■.\aiting market for cotton, the crop posi
tion not being as yet clearly defined
enough to induce new commitments. A
better tone is noted in the manufactur
ing branch, particularly in print cloths
which are said to be in increased inquiry
at Fall River. The industrial situation
is better than it has been for some time
past. Wheat, including flour exports for
the week ending July 17, aggregating 3,-
775,222 bushels against 4,404,115 last week
and 5,221.880 in this week last year.
Wheat exports since July 1. aggregating
9,878,337 bushels against 12.763,121 last
season. Corn exports aggregate 130.679,
against 185,131 last week and 1,714,081
last year. Forth" fiscal year corn ex
ports are 389.794 bushels against 6,098,-
768 last season.
Business failures in the United States
for the week ending July 17 number 174
as against 195 last week, 208 in this
week last year. Failures in Canada num
ber 17 against 28 last week and in this
week a /car ago.
To Issue $7,000,000 in Bends
(By the Associated Press.)
New York, July 17—U is announced
that the stockholders the Virginia-
Carolina Chemical Company have ap
proved the issue of $7,000,000 collateral
trust bonds for the purpose of funding
its existing indebtedness and returning
part of the working cash capital. This
i was made necessary by the recent ac
: quisition of som£ valuable properties at
1 an outlay of about the amount of the
' bond issue just approved.