Newspapers / The Wilmington Messenger (Wilmington, … / Jan. 18, 1898, edition 1 / Page 5
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THE SEMI-WEEKLY MESSENGER: TUESDAY, JANUARJf 1 1898. 5 RUSSELIi TO 'ANDREWS The Southern Railway's First Tlce Presi dent Tell About the Goreruor' JPropo. sltlon to Sell the North Carolina Railway Colonel Andrews was In town this morning on his way to Nashville. "When Questioned as to hi3 threatened incarceration hy the ardent reformers, Messrs. Caldwell and Pearson, the jolly colonel chuckled wickedly and said lie n emi to le a eort of galvantic bat tery in the hands of the railroad com missioners. They didn't like to hold liim and couldn't turn thim loose. "I had absolutely nothing- to conceal which in any way bore upon the gen eral question of tariffs which I "be lieve they claim is the matter which now engages their attention and I would simply rot in Jail before I would bKray a confidence of a friend." To show the utter hypocrlcy of assell's claim to be 'the champion c-j. .he peo ple versus corporations, 'Colonel 'An drews related the eu'bstance af an In terview which occurred between the colonel and the governor shortly after the latter assumed the functions of his office. On this occasion Governor Rus nell -proposed that the Southern -Railway purchase- the state's interest in the North Carolina railroad. "But" maid the vice president, "you can't eeil the state's interest, there 13 a second mortgage on the stock." ."Well," replied hi3 sublimity, "I can sell the equity and besides "I do not know that there is a second mortgage." "For that matter," remarked (Andrews "there's an overwhelming majority of things you don't know, but let us as sume for the purpose of argument that this second mortgage is merely myhl cal, what then is your proposition?" "I want you to pay me $2,000,000 for the state's interest. You will find it very much to your interest to diO o for various reasons, and you know that you can borrow the money in New York at four per cent." "I know noth ing of the kind," objected the South ern. "Well, J. P. IMorgan can, anyhow," said the director of the state's destiny. "I admit that Mr. Morgan may be able to borrow money in New York at 4 per cent., but I certainly cannot, nor can the Southern Railway.'" "I do not be lieve it," snorted Russell. "Well," said the bland and suave agent of Corporate Tyranny, "let us, 'for the sake of peace and argument, concede this point also. The next question which arises is what will be come of the private stockholders in the eventuality of the Southern buying out the state's interest." "PRIVATE STOCKHOLDERS BE EXAMINED SIR!" thundered our political Samuel Johnson, 'the private stockholders 'be pie are fools enough to give them any- thing after their purchase, that 'is their l'xrkout not mine." So spake the knightly champion of 'the people and the base instrument of the oppressors bowed his head abashed at the sound of these brave words. "lut, colonel," interposed the scribe, "whfJt was there in it for the gover nor?' "I don't know. The bottom fell out of the deal before we got down to details." Mr. M. Murdock Wiley in Salisbury World. Timely llicycle Topics. Prospects for summer cycling camps in this country are promising this year. Hitherto very little attention has been paid to this particular feature of bicycle life, a feature which is enjoyed to the utmost in 4Kngland. But reports from various parts of the United States-indicate that such camps are to become pop ular and numerous during the coming summer. Generally speaking, the camps ire to be conducted by bicycle clubs, and so arranged as toprovide certain comforts as well as mere protection against wind and weather. The subject of such camps'" u n,-w un.u.r nisonsion in several of the ,.v.-iin, nrpntiAra ww ... .. ......, will undoubtedly be arranged for. Con cuuviiiiK iiiv.- .-iiau, cess of cyclists' s camps in England for the ptst fifteen years, it is singular that the subject has been neglected so Jong in this country. The camps are con ducted on an inexpensive scale, and offer most attractive opportunities for the va cation holidays. Almost any club of fifty members or more can run such a camp successfully and profitably. Reasonable rules and careful management, together with a sufficient number of subscribers, are bound to make the undertaking one of the most attractive events in the club's year. The location should be chosen in or near good touring country, and close to some waterway if possible. The programme for entertaining the campers for one week, two weeks, or even a longer time, must naturally be left to the ingenuity of the management in each individual case. The opportuni ties in that respect are endless. Now is the time to begin preparations for sum mer camps, and it is gratifying to note that American clubs are taking to the idea. Winter bicycling offers as much real enjoyment as does summer riding. In fact, there are many who prefer the win ter riding. There is no reason why the sport should not be as freely indulged in during the winter months as in the sum mer, provided always that a few neces sary precautions are taken. The matter of dress is the most important. Extra heavy garments are cumbersome and are not needed. Warm woolen underwear is the proper thing, over which outer gar ments of ordinary winter weight should be worn. Very fast riding should be avoided, as a cyclist is apt. to take cold easily in stopping to rest when perspiring freely. An easy, moderate pace is preferable. All nuts on the bicycle should be tipht er:id frequently in cold weather. They are more likely to work loose than in the summer. Heat expands metal; cold con tracts it. Cyclists should avoid hot alcoholic bev erages while riding in cold weather. The effect on the system is anything but good, particularly if the rider resumes riding after taking a hot drink. All kinds of guarantees are offered this year by the various manufacturers, most of them covering a period of sixty days after the purchase of a machine. It is argued that any defect in construction is tuire to be demonstrated in that time. Therefore the life of the guarantee has been shortened all along the line. Indi viduality marks some of the guarantees, but, generally speaking, their intent and scope are about the same. Irving Harrison, of Hackensack. N. J., has accomplished the feat of riding a bicycle 26,253 miles In one calendar year. He set out to cover 22,000 miles to secure the national road riding record, but ex ceeded that figure by 4,253 miles. His claim for the record is in the hands of the Century Road Club and will doubt Jess be allowed. Mr. Harrison is a street light inspector in Hackensack. His route of inspection -covers forty-five miles, including the towns of Maywood, Teaneck, Lenola and Leonla Heights. He covers this route daily, sometimes going over It twice a day. Up to a year ago last spring he used a horse and buggy in hi- work. Then he took to the bicycle, quickly real izing its superiority for his purposes. At the beginning of 1837 Mr. Harrison figured the prospective amount of riding he would do during the year at 22.001 miles, enough to win the record for him. He stuck to his schedule through almost all kinds of weather, with the satisfac tory result mentioned above. He rode his Crescent bicycle throughout the en tire year, and his tires lasted him for 22.000 miles. In riding that distance he had only two punctures. When he started the year's riding he weighed 12G pounds. Now his weight Is 127 pounds. His lowest weight during the hot weather was 116 pounds. The bicycle bachelor of The New York Press has been doing some more reflect ing. He says: "A woman will ride on the wrong side of the road and feel insulted if some body cries 'Scat!' "Knee skirts on women make them look shorter and make men iook longer. "White bloomers under a dark skirt are not good form for windy weather coast ing. "A strong man with a tandem in his stable Ls a winner with fat fairies, no matter what his disposition. "The bike gives the girls an insight into club life and men's ways, which they never could have had otherwise." From far off China The following letter from Mrs. Em ma C. Worth, now doing missionary work in China, has been received toy one of her former Sunday school schol ars in th'i3 city. Wusih, China, Nov. 22, 1897. Dear James: Living as we do in Chinese houses, with no yards, we find it necessary to go away every summer and spend the very hot weather in some more health ful pla'ce. Our houses are over the canal and the rooms on the lower floor are damp so we have to ave mostly in the upper story. These rooms are small and right under the tiled roof, each room has only one small window and on a hot day they are almost uninhabi table. As the temperature often re mains the same day and night for a week or more, you can see it woulid be prostrating to a foreigner. 1 have heard, the Chinese say that sometimes during the eummer they are not able to sleep in their houses for days at a time, but spend the nights in the streets trying to get a breah of air. As the streets are not more than ten feet wide and are full of all sorts of filth the air on them 'is not the best you have known. This past summer we spent in Japan and the entire change of climate and scene helped us very much. The trip across 'the Yellow sea is usually rough and we had an unusually 'hard pas- age, so that every one was thankful when we arrived in Yokohama. We were detained there several days get ting passports tor ourselves ana our Chinese servants to go into the interior. Our destination was a small mountain town Karinzawa, 108 males from Yokohama by rail. Our tickets only cost us $1.08 (gold) and it was a nine hours' trip with three Changes. It was very warm the first part of the way but as we approached the mountains it grew deligtfully c ol. We went through 26 tunnels in the last four miiles emerging each time into the most beautiful scenery I have ever seen. The grade was very steep, one foot in fif teen and the engine had a ra-tdbet wheel in the center to keep from slip ping. Karinzawa is situated in a per fectly level plateau surrounded by mountains. There were several hun dred foreigners there, most of them mis sionaries, and during the summer the council of the five Presbyterian bodies working in Japan meet there. Robert Specs was there at the time and we all enjoyed meeting him. The gentlemen made several trips to places of interest near to 'Nikko, the most beautiful spot in Japan, up the volcano Asama, 8,000 feet above sea level; and to the vast lava beds at its foot It is good to meet so many who are working in the same -cause and to hear of their trials and encouragements: to fi oM fp1(ni(1,a ncl tf maice new ones. It gives us food for thought and con versation for many months, so that our minds as well as our bodies are renewed and strengthened. Our mission meeting took place in Shanghai during the Hist wesks of September so we had to leave Japan a'oou -he 20th of August We had a very warm trip but reached Shang- j hai safely arid well. We spent about two weeks there and then came up the canal to our little home. We had to spend some time in repairing and geting straight; then Dr. Worth open ed his hispensary and our regular rou tine began; medical and evangerlistic work in the afternoons and often in the mornings too, and study of the lan guage Irt unoccupied time. It leaves1 very little time for letter writing . and none for reading. (Dr. Worth and 31 rs. Sykes and T, When I can. work in Che dispen sary, and Mr. Mctirnnis and Mr. Little talk to the patients who are waiting their turn outside. We have accommo dations for a few hospital patients and these are preached to and instruct ed and given books to read, for we are more anxious to heal their souls .than their bodies. ..mis nas oeen a very wet summer and fall and the rice fields are so full of watcT that much of the rice is spoiled and in many places the farm era cannot plant their winter wheat. This will make food dear arid will cause much suffering among those who never have much to eat even in times of plenty. Where a man can live quite comfortably on three or four cents a day It seems strange to .us that any one should starve, but men are s!o plen tiful nere that it is often hard for them to earn even that much. Chrysanthemums are in their glory now ana large nasKets or tnem are brought to the aoor nearly eyery day. I can buy a dozen or more for about A. i ni two cents. rine rn np "women nr fond of wearing flowers in their hair and now everyone is able to have at least one bright blossom which looks very pretty against their glossy black coil. It will be about Christmas time when you get this and I hobe it will be a very happy time for you. We are planing to have a little Christmas tree for our children, none of them have ever seen me. There, are four child ren here now, Mrs. Sykes little girl, Mr. Hadens' little boy and my two boys William and Charlie. They have very few of the pleasures of Ameri can children and we want to give them all we can. Wishing you a merry Christmas and a happy new year, I am. Yours truly. EMMA. C. WORTH, , YuRo, 'schl yf oyldo mfj cmrfwyp -fmm STATE PRESS. The North Carolina supreme court In ousting the two Wilsons from the office of railroad commissioners, says that any one interfering with Messrs. Pearson and Caldwell taking possession "by alleged legal process or otherwise, will be In con tempt of court." Now, as an appeal has been made to the supreme court of the United States, we suppose the supreme court of the United States will be ad Judged In contempt by the state court If it interferes. What is It about the bull frog that tried to be as big .is an ox. any way? Rocky Mount Argonaut. A Washington correspondent writing of the house of representatives says: "With a few honorable exceptions the southern representatives are not above mediocre." We are sorry for the other southern states. North Carolina takes up all that saving exception. There is the "Opalescent and Kmpyrean" Rich mond Pearson, the dweller and soarer In the altitudes; count him one of the few. Then we have Linney, the invincible taurian of the Carolina Alps; and Chas. Henry Hantin, the peerless master of blighting sarcasm, the Junius of the house. Who dares speak of, Mediocrity?" Ireensboro Telegram. Otho .Wilson's Hayseeder says: "We know John R. Smith and also D. L. Rus sell. Smith has more character and honor in one thought than Russell has shown in his entire career. The state would todkiy gladly swap Russell for Smith for governor and give big boot." Of couse it would. With John R. Smith as governor, we would have straw berries and cream all-the-year-round as they do in Mexico; we would have banjo picking, jews-harp music, and private theatricals in an endless chain; we would all be quartered on the state and pen sioned for being born Tar-Heels; all the time would be a holiday 3 days long an nually, and existence would be a grand, sweet song and an eternal picnic. Let's have another swap. Give us John R. for governor by all means. Charlotte Ob server. It is safe to say that had Russell not begun his assault on the credit and good name of the state, pledged in the most binding way to carry out the terms of the North Carolina railway lease, these assaults on the validity of certain bonds would never have begun. Russell s law less action suggested that an engage ment in due form and in good faith by all parties counted as nothing in the face of a desire to vent a spite, or wreak a per sonal vengeance, or create a little politi cal capital; and from that to suggest ing without a blush the repudiation of a public debt is hardly a step ahead. The plain tendency of the government o North Carolina under the present admin istration is anarchistic, and it therefore has a tendency to be destructive of law and order. Asheville Citizen. It was Ho'.den, Kirk, and his spotted conglomeration then, it is Russell, But ler, Hancock, and the same element now. In brief, it was negro ignorance and moral depravity that ruled then, as it is that which creates, sustains and domi nates today. The governing power can rise no higher than its cource. The license which ignored, allied to debauch ery begets, though kept in restraint un der civilized and honest power, tears down the temples of the gods, tramples justice and honor under foot, lowers the social as well as the public standard of morals, and desecrates the very name of humanity as promulgated by the Great Creator and law-giver, when loosened by the cohorts of wickedness by fusion by Russell-Butlerism. Holden was impeach ed, and his minions case into outer dark ness. Raleigh Post. While it is hinted that Governor Rus- .sell has faith in the talismanic virtue of the black coon, and that he was highly nourished by a liberal diet of coon-meat during the campaign from which he emerged as governor-elect, yet, when we disregard his political appetite, and, without partizan feeling, calmly reflect on his preferences when chunking grub into his digestive apparatus, we feel as sured that he is, after all, with the bal ance of North Carolina and the whole of Georgia, with both feet on the 'possum rla.nlc of tho roepoctivo accordant plat forms. But why he did not go to ttae supper of the aristocratic Coweta Club of Newnan ana gnaw 'possum bones with Governor Atkinson will ever remain a deep mystery to all inter-state diplomats. John R Morris, in-Charlotte Observer. It has been said in the past that the duties of the governor of North Carolina were less onerous than were the duties of a township constable. Governor Russell is determined to show t'he world that he is no mere figurehead of the administra tion. "Three thousand dollars and house rent should not be wasted upon an idler," he thinks, "and work must be done, even if I exceed the bounds1 of ,my authority and assume prerogatives 'that are not mine." Since his inauguration one year ago, he has proven that, if he is blessed with nothing else, he is possessed of an abounding energy. Not a single piece of pie has been upon the fusionist pie coun ter but Governor Russell has stuck his finger in. A regard for future advance ment influenced his every action since he became the head of the present adminis tration. Smithfield Herald. The attempt of the new railroad com missioners to investigate the free pass and special freight rates of tne south ern railway discloses a long su3pecte-l fact that the governor nas no ground upon which to base his action in the re moval of the Wilsons from the com mission. The Wilsons, as is generally known, appealed their case to the United States supreme court and the case is fixed to come .ip January 17th. It is all important with Russell that he should have some evidence against the discharged commission ei s and so he is trying to comoel the ol'c'idals of the Souther i to furnish him tne needed data. So far as is known there can be no other object in the present inquiry. If this be the only aim of the inquiry it is to be hoped their attempt will be foiled and that Russell will be compelled to rei upon what information he cairns to have. He needs to be expjsed and it now looks very much as if an exposure will be made which will ba of deepest humil iation to the chief exccu.i. Wlnsti.r: Journal Having used three bottles of P. P. P. for impure "blood and general weakness and having derived great benefit from the same, having gained 14 pounds In weight in four weeks, I take great pleasure in recommending it to all un fortunate like Yours truly, JOHN MORRIS. Office of J. N. McElroy, Druggist. Orlando, Fla., April 20, 1891. Messrs. Llppman Bros., Savannah, Ga. Dear Sirs: I sold three bottles of P. P. P. large size yesterday, and one bot tle small size today. The P. P. P. cured my wife of rheu matism winter before last. It came Dack on her the past winter and a half bottle, $1 size, relieved her again, and she has not hai a symptom since. I sold a bottle of P. P. P. to a friend of mine, one of the turkies, a small one, took sick and hi3 wife gave it a tea spoonful, that was in the evenir and the little fellow turned over like h wat dead, but next morning he was hollow ing and well. Yours respectfully, j. n. Mcelroy. Savannah, Ga., March 17, 189L Messrs. Lippman Bros., Savannah, Ga, Dear Sirs: I have suffered from rheumatism for a long time and did not find a cure until Ifound P. P. P., which completely cured me. Yours truly, ELIZA JONES, 16 Orange St., Savannah, Ga. About twenty-five new students have entered Judson colege since the beginning of the new year, making- a total enroll ment of 160 for the term. This is an ex cellent showing and Indicates the grow- Incr interest our necmla are manifesting along educational lines. UILKTOH DAMETS. COTTON REPORT. Wilmington, N. C, January 13. Receipts of cotton today 1,1) bales. Receipts same day last year 1.043 bales. This season's receipts to date 30,256 bales. Receipts to same date last year 213.970 bales. The quotations posted at 4 o'clock to day at the exchange: Cotton steady. Ordinary 2 13-1S Good ordinary 4U Low middling 4 15-1S Middling 3- Good middling 3S Same day last year, 6c NAVAL STORES. Spirits turpentine Machine barrels firm at 32c: country barrels firm at Sl'c; sales at 22ic and 314c Rosin firm at Jl.L and Tar firm at $1.05. Crude turpentine steady; hard $1.40; yellow dip $1.90; virgin 51.90. Fnces same day last year Spirits tur pentine 2."1ic and 25c; rosin $1.43 and $1.50; tar &5c; crude turpentine $1.30 and $i.so. Receipts today SO casks spirits tur pentine, 1S9 barrels rosin. 224 barrels tar. 22 barrels crude turpentine. Receipts same day last year lt casks spirits turpentine, 243 barrels resin, barrels tar. COUNTRY PRODUCE. Peanuts North Carolina, prime 5Ti60c per bushel: extra prime. Sic; fancy, ?2c Virginia Extra prime. 4d45c. Rice Uplands, GGQSOc; lowlands, $1,103; $1.15. Corn-47HQ50c. North Carolina Bacon Hams, 10"5Hc; shoulders, 6Ti62c; sides, 74 li 8c. Chickens steady: spring lO'glSe; hens 18fr25c; roosters. 18'?r22c. Turkeys (Live), 7 to 10c per pound. Eggs Quiet at 12 to 12HC. Shingles Per 1,000 five inch, hearts and saps, $1,501x2.10; six inch, $2.50?3.C0. Timber at $3.00 to $3.00 per 1,000 feet. MARKETS BY TELEGRAPH FINANCIAL. New York, January 15. Money on call steady at 3 per cent.; prime mercantile paper 3fi4 per cent.; sterling exchange heavy with actual business in bankers bills at $4.S4 for demand and at $l.S2Vi1i 4.824 for sixty days; posted rates at $4.83 and $4.S5'&4.86: commercial bill: at $4.82; silver certificates at 5Ms1?oijH bar silver 57; Mexican dollars 46; state bonds dull; railroad bonds stead; govern ment bonds steady. STOCKS. Atchison 12 B. & 0 12-?4 W. & L. E W. & L. E., pre. 12; Adams Ex 15S American Ex ..118 United States .. 40 Wells Far 112 Am. Cot. Oil.... 21l Am Cot Oil, pre 75Vi Am. Tobacco ... 80 Uhes. & Ohio zij Chic. & Alton... .166 Chic, B. & Q 99 Del. & Hudson. ..111 Del., L. & W 15 Fort Wayne 169 Illinois Central.. 106 L. & N 55 Manhattan L 115 Mobile & Ohio... 29 Am. Tobac, pre.116 People's Gas Con. Gas ...17S . . O T ... 35' 2 ... 14 ... 3 . . .175 ... 57', N. J. Central 94!Gen. Electric N. Y. Central.... II414 jLead Pittsburg 16S Nat. Lin. Oil. Reading 21 Pacific Mail Southern Ry 8fPullman Pal South. Ry., pre.. 30'Silver Cer.. . Texas & Pacific. 11 I Sugar U. P. D. & G 8T. C. & Iron: Wabash, pre lSilWest. Union ...136 ( ... 23 j ... 90V2 BONDS. U. S. N. 4's reg..l29V8L. & N. Un 4"s.. 86 U. S. N. 4'scou..l29V8Missouri 6's.. ..100 U. S. 4's reg 112 N. J. Cen. 6s...lll U. S. 4's cou 114 in . uaro. tt s iz- U. S. 2's 100 U. S. 5's reg U. S. 5's cou 114 Ala.; Class A 107 Ala.! Class B 107 Ala. Class C 100 Ala. Currency. . .100 La. N. con 4's... 101 N. Caro. 4's 101 Pa. 6's, of 95...ioUVi S. Caro. non-fu. Southern Ry ... 92 Tenn N set 3's.. 89 Unian Pa. I's...l032 Va. Cen 69?6 Va. deferred ... 3V2 COTTOIS. Liverpool, January 15. 4 p. m. Cotton Sppt, moderate demand; American mid dling 37-32d. The sales of the day were 8,000 bales, of which 500 were for specu lation and export, and included 7,100 American; receipts 31,000 bales, including 28,200 American. Futures opened and closed quiet. American middling, low middling clause: January 3 10-64d buyers; January and February 3 9-643 10-64d sellers; February and March 3 9-64&3 10-64d sellers; March and April 3 9-64r3 10-64d sellers; April and May 3 10-64d buyers; May and June 3 ll-64d buyers; June and July 3 12-64d sellers; Julya nd August 3 13-64d sellers; Augus-b and September 3 13-64-g3 14-6M sellers; September and October 3 14-64d sellers; October and November 3 14-64?j) 3 15-64d sellers; November and December 3 16-64d sellers. New York, January 13. Cotton steady; middling. 5c; .net receipts 956; gross re ceipts 5,0.a; forwarded 479; sales 35, all spinners; stock 143,340. Total today and consolidated: Net re ceipts 2?,0?9; exports to Great Britain 6,275; to the continent 7,642; stock 1,306,438 Total since September 1st. Net receipts 6,105,759; exports to Great Britain 1.9S0, 224: to France 532,075; to the continent I, 629,624. Futures closed dull; sales 26.200 bales. January' 5.69; February 5.96; March 5.73; April 5.77: May 5.80; June 5.84; July 5.87; August 5.90; September 5.91; October 5.92. Spot cotton closed steady; middling up lands 5c; middling gulf 6c; sales 35 bales. PORT RECEIPTS. Galveston Steady at 5c; net receipts II, 649. Norfolk Nominal at 5V&C; net receipts I. S6. Baltimore Nominal at c; gross re ceipts 1,571. Boston Steady at 5c; net receipts 2,)9: gross recipts 3,696. Wilmington Steady at 5c; net re ceipts 1,060. Philadelphia Quiet at 6c; net receipts 379; gross receipts 826. Savannah Quiet at 5 3-16c; net receipts 3,940. New Orleans Easy at 5c; net receipts II. 939. Mobile Quiet at 5c; net receipts 2,456. Memphis Steady at 5 5-16c; net re ceipts 1,759; gross receipts 1.935. Augusta Steady at 5 7-16c; net receipts 703; gross receipts 79S. Charleston Quiet at 5c; net receipts 1.358. Cincinnati Quiet at 5ic; net receipts 1.257. Louisville Steady at 5 7-16c. St. Jyouis Quiet at 6c; net receipts G: gross receipts 2.506. Houston Steady at 5ic; net receipts i,ji). GRAIN AND PROVISION. Chicago, January 15. The leading fu tures were as follows: Open. High. Low. CIos. Wheat- January May July Corn January" May July Oats May July SUs 914 9Vi 31V 9 &u 9j2 $0 8'j?s. ! 26 W2 2, 29 2S", i-j 30H 30 30V, Z) 23 23 23 23 22H 22 22 22 Mess pork, per bbl January $3.2") May 9.42i Lard, per 100 lbs January 4.65 May 4.77V& July 4.83 $9.20 $9.20 $9.20 9.32i,i 9.33 4.62 4.63 4.72 4.75 4.S2H 4.S3 4.53 4.65 4.6714 9.42 4.C5 4.S0 4. S3 Short ribs, per 100 lbs January May 4.70 4.72U Cash quotations were as follows: Flour dull; Minnesota patents $4-50?i4.$0; straights $4.154.40; spring specials $5.45; spring patents $4.40?i4.70; straights $4.00 4.30; bakers $3.50ig2LS0: No. 2 yellow corn. 26Q27c; No. 2 spring wheat, SCHc; No. 3 spring wheat, 7589c; No. 2 red. 91T4 92c; No. 2 corn, 26S 27c; No. 2 oats. 22 c; No. 3 white, f. o. b.. 244224: mess pork, per bbL, $9.20&9.25; lard, per 100 lbs.. $I.Cr7ifi4.G: short ribs iJes. loo-e, I4.4ifl 4.70; dry salted shoulders, boxed. $4.7St 5.00; short clear sides, boxed." $4.755.0O; whskey. distillers finished soods, per gallon. $1.19. New York. January 15. I- .our dull And barely steady on choice grades; city mill patents $5.&5j5-S0; winter potent $LSvTJ 5.15. Wheat Spot steady; No. '2 red $1.011. Options opened firm on unexpectedly higher cable news, andv&nced on J oral covering and foreign buying, eased off a. little under realizing, but anally closed steady at V1jc net advance. No. 2 red. January dosed at Kc; May closed at $2,c. Corn Spot steady; No. 2 54Sc. Options opened steady on cables, advanced with wheat. and big weekly clearances; later eased off slightly under realizing and closed steady at unchanged prices. May closed at 34 Sc. Oats Spot quiet: No. 2 2v4c. Options Inactive, but steady at c net advance; May closed at Sc, Lard Kasy; western steamed $4.97H; May $5.15 nominal; refined quiet. Pork Dull; mea $3.0i9.rA: short clear $9.751 11.75: family $10.t'i 11.50. Cotton Seed Oil Fairly active, firm and held higher; prime crude li lSc : prime crude yellow lSjlCc; prime summer yellow 23c. Coffee Options opened steady at un changed prices to a decline of 10 points; ruled inactive with weak undertone fol lowing unfavorable European cables. In creased receipts at ltio and Santos and indifference of spot buyers; selling check ed by much larger warehouse deliveries in this country: closed du.i at 5 points net decline. February $5.; May $5.K, Spot coffee Rio dull; No. 7 Invoice 6c; No. 7 Jobbing Cc: mild quiet; Cordova JV215c; sales 5ou bags of Sa vanilla on private terms. Sugar Raw. steady: fair refining 3HC; centrifugal 55 test 4Vc: refined quiet; mould A 5Vic; cut loaf 5ve; powdered it t-loc; granulated 54e. NAVAL STORES. Savannah Spirits turientine market firm at 32c; sales 135: receipts 3i2. Rosin firm; sales 1,823; receipts 3.612. Quote: A BCD $1.20; E $1.30; F $1.30; G $1.45; H $1.70: I $1.S0; K $l.&i: M $2.00; N $2.12.20; W G $2.40; W W $2.G5i2.75. Charleston Turpentine firm at 32 ; sales none. Rosin firm and unchanged; sales none. . Cotton Fatuict (Special to the Messenger.) (New York, January 15. Another very dull week in the cotton market has been marked by a continuance of the enormous movement, by some li quidation and by more short selling than for a long time. An excellent de mand, however, has prevented any thing more than the trivial decline of 10 points since last Saturday. Liver pool was 1 point lower this morning, and our market opened a shade easier. The session was a very lame one. May opened at 5.81, advanced to 5.S2 and closed at 5.80 to 5.81, With the tone of the market dull. There are as yet no signs that either the unparalleled re ceipts cf cotton will diminish suffi ciently to warrant any modification of the enormous, estimates, or that the apparently limitless demand Will cease or even 'be curtailed in the near future. As long as both continue the present deadlock will exist. A careful survey of the situation justifies the belief, we think, that there is litle hope for a hull market, unless it comes through a big cut in acreage and this be followed by a more or less unfavorable season. Re ports from the south indicate that vast quantities of cotton reman there yet. The world's consumers have taken a great deal of the stuff at current prices, and should be in a position to display 'indifference if in 'their judge ment, it is wise to do so. The long In terest heTe is admittedly enormous and we heiieve the short interest is incon siderable. We fear this weight will In time prove too much for the market. But cotton has many friends who stoutly maintain that the price is low enough and present iplausLble argu ments in support of their opinion. We hope their judgement will prove cor rect, hut we are not sanguine. The Cuban situation may take a serious turn, but we hardly think this likly. RTODAN & CO. (By Associated Press.) 'New York, January 15. The cotton market opened dull but steady at un changed prices to 1 point lower and ruled inactive, With trading almost en tirely of a local character. English cables were less favorable' than look ed for, 'but on the other hand port re ceipts fell below early estimates. Southern and New England news was conflicting and checked outside speculative ventures. Futures became a shade easier under local selling, clos ing dull at a net loss of 1 to 2 points. The total sales were 26,210 bales. Es timated receipts of cotton .at the ports for the day were 38,000 bales, against 40,598 last week and 26,160 last year. Estimated receipts of cotton at the ports fcr the week were 260.000 against 266.930 last week and 132,583 last year, at Memphis 1,759 against 280 last year, and at Houston 7,345, against 4,232 last year. The New York Stock Market New York. January 15. The stock mar ket was subjected to a rather drastic liquidation of speculative holdings today in continuation of the movement of yes terday. The selling was due to a feel ing that it was safer to take profits at the present level than to retain holdings over Sunday. The situation at Havana was the motive of the eelllng. There Is no assurance felt that there may not be a sudden development of a dangerous situation there, which would necessitate measures by the United States naval forces to protect the interests of Amer ican citizens resident in Havana. Fears of this were somewhat aggravated by the persistent selling of houses with. Wash ington connections. This was taken to reflect a feeling of apprehension in offi cial circles as to the outcome of the situ ation. Of course the professional trad ers were ready to turn sellers without further inducement, on the general prin ciple that prices go dowr much more easily and quickly than they go up. The bear attack was vigorous and effective and margins being wiped out In many cases, large holdings were thrown over to save losses, thus adding to the weak ness of the market. The sharp rally at the close on the covering of sftcrt lines put out earlier indicated that bar sell ing made up a considerable proportion of the whole. Today's and yesterday's reaction In the s:oek market put an end to the pe riod of strength and activity earner in the week, which was regard! as giv ing good promise of the usually expected January boom in prices. Only those stocks which scored extreme advances early in the week have anything left to show for it, the general level of the market being decidedly lower than at last Saturday's close. .The epeclal points of vaatage on which the strength of the market held early in the week were the Northern Pacific stocks and Union Pa cific and its various affiliated and con necting lines, the source of this strength being the assurance of the continuance of the Union Pacific's old outlet to th Pacific coast. Northern Pacific and the Union Pacific group also enjoyed the ben efit of anticipations of a large Klondike business In the spring. Manhattan was another point of fftrength la the market with a 19 point rlM. half of which has been lot in th taking of profit. Sugar persistently weak. Its decMm has been attributed to the declared purpoo of th directors to retain the surrd us for contingencies, and proftsHnals$raders have taken a glootny but uninronnea view or wnai mwe cw tlncencies might bs. The pendency of th Hawaiian annextlor treaty In the senate has been unfavorable to Su$ar. annexation would allow Hawaiian sugar to com, la free. The Industrial UU gen erally has be-n hevy during th week. A fmtur of the week has been the U rgw buying for Investment account or gm- edc stock. . Today's bank statement indicates that the exnectM rvrlenlhment of the money market h been accomplished and t sig nificant weakening of foreign exehAno indicates hat the seasonable outjto of gold 1 likely not to occur on account of th hNvy trade babnw in our favor. The item of loan xpan"lns does not indicate a very active demand for money but In the last few day ofTrtnrs of com mercial paper were rvportrd to be In large volume. Illddlng for choice grades, has al.o been sufficiently active to ef fect a lowering of rates. Th market for railway lonls has bn very "active all wok and reM prlcw have been reached for many high grada 1j5Uvs. The instues of tht I'nlon Pacific group have bevn conspicuous and strong, showing advance ranging up to 6 point. Seattle. Itke Shore and Eastern firsts, through rates. roe at one, time 2 per cent., but lost part of the Kaln. Total sabs were $23.2. United Stes Zn and the old 4's ooujon ar e higher bid an.1 the new 4's s higher (ex-Interest for th registered). The total saler of stocks today wre 277.0) shares. Th Weekly ltauk Statement New York. January 15. The weekly bank statement hovs the following changes: tSurplus reserve, Increase $3,704,200; loan;, increase $1,215,700; specie, increase $2,050,500; legal tender increase $3.15. $00; deposits. Increase $6,020,400; circulation, decrease $4S0. 600. The banks now hold $25.01S,775 In excess of the requirements of the 23 per cent. rule. The financier says: The New York banks have made a new record In tho matter of loans, i4ie total of $610.2. 600 at the close of the week Inking the highest ever retried. lVisits als. ace alxve any figures previously nude. During the first two weeks of the pres ent year the gain in deposi'ls has le-r $16.50O.0O), while loans have expands! only $3,200,000. In view f this fact the ease in money rates do not ajivi.r strange, and If the banks continue to gain from the 1nterhr as at present lower quotations will follow. Tho withdrawal of government deposits, however, may steady the situation. The banks gained during the past week $5,209,300 in cash. $2,050,500 of which was in specie. Cold is now coming lit this direction from Canada, for the past ten days the receipts having ap proximated $650,000. The increase in deposits was $6,O20,4ix, w'hiie loans an? only $1,215,700 heavier. The execs re serve in consequence expanded $3,704, 200 and stands at $25.06S,775. This is only half as large as rejxrtt d one year ago; but in view of the fact that re mittances are now becoming larger, an increase may 1k expected from week to week. In the changes made during the week the operations seem to have lnn confined to the larger hank. The de dosits of the Hanover, the National Park and the National City banks are. $7,000,000 larger than during the pre vious week. Whether this Is du to pperial opera tions cannot le definitely sfattd, but it shows that the remaining banks havo less money in hand than at the closo on January 8th, The factors that lead to the gain in cash, however, are rather well defined, and they may 1k erin-ctcd to affect other institutions having large country connections from this time on. As was point d nU last week, the enormous interior movement at this sea-son forces down money rate and compels capital to seek lx tter rate abroad 'in other words it leads to gold; exports. But the anomaly is presented, of our idle monoy 1eing Invested Irt foreign exchange on this side of the water. Europe is now using at least $50,000,000 American money, in he form of deferred credits," and unless rate abroad go to a very low level, there 1 no prospects of this sum leing imme diately reduced. So sensitive, however is the situation, since the Tilted .State lecame the dominant powf in the In ternational market that the credit can be expanded or reduced at will. Clear ings indicate that a much larger vol ume of money than usual will lw need ed this year to properly care for the business being done. Pome Negro Characteristic. It is the general impression w ith tho? who do not know the good iolnts In the negroe's character that they are indolent and untrustworthy. Th writer of this has employed many ne groes on the farm, and his'experleno? is that Tf they are paid promptly, treat ed Justly, fed bountifully and given an occasional holiday, they, as a rule, may 1e depended, upon to do good work and are faithful to ther trusts. Treat ed In this manner they work well even when not under the eye of the master. It is the highest ambftion of a negro lahorer to let no White man do Trior work than himself In the field. To per mit thia would Ire to ufbct himself to the ridicule of his fellows. In all kinds of laborious toil the negro like to excel. Cutting timlxr In the forewt; in the splitting of rail ami the rolling of logs and the lifting of heavy weight in the harvest field or meadows; In the 'breaking of young mules and horses; In the gathering of sugar cane, the picking of cotton, the transplant ing and housing of tobacco; In the har vesting of rice, the breaking of hemp and In many other laborious oomipa t ions' the negro lalrers have no sup eriors among any nationality. They are also i-ef erred in the eouth lrt the work of the quarris. In the tobacco warehouses, as stevedores and steam boat hands, and, indeed. In all species of employment where great muscular strength is required or great heat it to he endured. J. B. Kilk-brew. POINTED PARAGRAPHS. 3Iany sermons cease to 1 Interest ing when the diner hell rings. The more the average man ecs of hurran nature the more respectfully h- removes his hat and bows to the mir ror. When a man's trousers are out at the knejrf it's sometimes difneut to tell whether it's from praying or shooting crap3. Host actors profer a small roil to an entire loaf. Poorly dyed goods are apt to come out of the wash -with flying colors. When society Is a woman's hobby, she is usually a bare-hack rider. Henderson vtlle Hustler: Carpenter Bob Justice was seriously hurt from falling a. distance of about twenty-seven feet Saturday. He was working for Charles Sunofsky on the Howe residence.
The Wilmington Messenger (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 18, 1898, edition 1
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