Newspapers / The Morning Post (Raleigh, … / Sept. 6, 1905, edition 1 / Page 1
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For North Carolina: Fair. For Raleigh : fir. TEMPERATURE: Temperature for tbe past 24 Hours: Maximum, 83. Minimum, 67. n t tit Vol. IX RALEIGH N. C.. WEDNESDAY, SEPTEMBER 6, 1903 - 1 -ryfr -XL- o ' l -: ; - - - - - . ...-r- in o. 04 AT iTlllL Pien ipotentiaries Pens- to fVFMT L ft Lll I makes Ilie Affair Made Spectacular With Marines, Music and Booming of Gannon--When Signing Took Place the News: Was Flashed Around the World r-rtrmouth, N. H., Sept. 5. Peace :r to Russia and Japan today as : ; ;y and quietly and as unosten- yusly as great things do come when Ise hfis "teen taken off by fore- . y-lcro and all that remains is a ! il act to round out that which en previously done. Four dig gi'ntlemen, each anxioue to per the final perfunctory duty that form 1 rtlieve him from the arduous la yerfornred in this quaint old A: rii iin community, signed his name t . fur pieces 01 parcnment, aranK f : i - champagne, exchanged compli-n:-nts that were all meant tor the mo ,T' : t, but which might not bear the K.a'.yMs of absolute sincerity, and list ;r a while they drank to the booming" of l tig guns that were supposed, like :he famous shots of the Concord meet l::?;. to sound the news around the -v.'Ti'i. It-was all cut and dried, this vrnine of the neace treaty that brought I- an end the greatest conflict of i ..'.-m timc-s. and those who Dartici- , - r in it were apparently glad when .'as through and done with. , It Vac-keel thirteen minutes of 4 o'clock this afternoon of rain and sunshine v.hr.i 'he treaty ' of . Portsmouth wa's ct.'i'i 'iaKy concluded through the p.ction ct :!:- plenipotentiaries of Russia and Ji: i!i in attaching ' their signatures ' r. I their personal seals to the agree- nt tht had required just four weeks 1 tn foinplete. A clerk of the state de-partnu-nt at Washington rusned out I ' m the red brick building where the i"j::t - l the news teethe group of wait- ;ir v. : 11 irT' 1 4criuii4U4riii.o. w lifted man of the navy waved a red i'ris to the saluting battery fifty yards E' sy a gun crashed out, the bells or :e churches of Portsmouth peal ih'l in quicker time than it takes 11 f it the news that the bloody ts' m conflict was over was spread .1 throughout the civilized world. f -i- tit! F.ut it was a dignified, if not solemri, rt lemony with all. Until it had "been "Ti.it-tel there was enough anxiety i '! ".:wie-...l with it to keep up the in-tf-rf!t of those who watched its prog ress. Yet everybody who was there in t if Kaunt hallway where the peace was ti-ic- appreciated the importance of In. o, ration and forgot the surrourid in the knowledge that a function of historical importance was being performed and that they were witness ing a srene never to be forgotten. There ttVi- more of the snctadular nerhaDS than there was in the modest library t the "White House on that August fl iy ? vt-n years ago when William ''KiTilt-y and"' 'Jules Cambon signed the -':;tr:irt that brought the; Spanish-' fVmrru an war to an end, but the at fn,;.t?rl ostentations of the preparation ti'i t ot st rve to make less impressive events that will mjake this day faiiioas in Japan and Russia; and, bo it not overlooked, in proud little Ports-. t :.)). Tho timo get f(5r the signing of the Ir'-aty was past, but that was merely d'P orr.atic carelessness. It meant that '.hp ceremonies were to be begun at th;.t hour. Even up to the last minut there were rumors that threatened i-e delay. Not until after 2 o'clock as the protocol of the last day's ses-f-'n of the peace conference completed 6i'4 Mgned. After this followed the 'mini reading of the minutes of the pr.-.ff-e, lings that ended with the agree- "nt of the envoys upon every point Bl 1. Terence. The final protocol was E''-:-'(-'l by all the envoys in M. Witte's rri.. at the Wentworth Hotel before start for the conference hall, was t.-"'le. Then everybody concerned hast r,r d to put he finishing touches to "i toilet and to . hurry away to do itis na.rt 1 r Via. loot rr-r-a a r rvf mak- Thoe who ' had charge of " today's -monies were determined to make '-tt, as formal and spectacular as pos-Fii'!- Xo detail was overlooked that v'r't5id add to the impressiveness of the 00 apion. OfEicials of the American R' ernment had never been furnished 811 h an opportunity, and they madQ ir.op't Of it. ;. Lng before the hour for the final MT Ml at Po rtsmouth Pot Parchment P n scene to begin the marine battalion of the navy yard - had been turned out, looking smart and soldierly as the ma rines always do, whether in action or on parade. It was a fine appearing body of blue uniformed young Ameri cans that stood at rest at the west side of "Peace Building," for 'so they call it now in Portsmouth, although offi cially it is known as the "general stor age warehouse" or "No. 86" of the Portsmouth navy yard. It may be worth while to repeat at this point, and I for the last time, in the interest of his torical accuracy, that the Portsmouth navy yard is not in Portsmouth or even in New Hampshire, but is situated on an island that sometimes comes within the geographical limit of the town of Kittery, Maine. At the rear of the marines was their band, and a little way back the saluting battery that was to boom out the peace news. Employees of the yard, white dressed sailor men off duty, some . wo men and a little group of newspaper correspondents, some of wtiom had come thousands rof miles -from across the sea to chrolicle the doings of the peace conference, stood opposite the doorway of the- general storage ware house, at which the envoys and the witnesses to the Ceremony of signing were to enter. Non-commissioned offi cers of the marinesv guarded this en trance and told each unofficial new comer that he would have to stand on the other side of the yard. Two or three carriages with photographers mounted on them had places behind the .correspondents. The hour for the ceremony was at hand, but nobody of consequence ap peared. When at five minutes of three the commanding officer of the marines, Major Franklin J. Moses, gave a sharp word of command his men stiffened to atention and the members of the band got their Instruments ready. Two au- tos dashed past the marines, and around the corner of the conference building "present arms" came from Major Moses. Then the bandj. burst forth into four ruffles and finished with a few bars of a march. The Russian envoys had arrived. M. Witte and Baron Rosen were in the second auto. In the first was H. D. Prince, third assistant secretary of state, and master of ceremonies fey and in behalf of the government. Frock-coated and -sHk-hatted, he step-; ped out of his vehicle in time to greet M. Witte and Baron Rosen as they alighted. M. Witte, grim and gray, wore a short overcoat. He lifted his top hat in a surprised and embarrassed sort of way as he went up the steps to the entrance. Baton Rosen, as de Lontiaire as ever, wore a gray rain coat. He, too, bowed to the crowd which si lently responded. Rear Admiral Meade, commandant of the navy yard, escorted the two Russian envoys up the stair way leading to the conference room. He was in the splendid full dress of his grade. Mr. Planchon,- one of the secretaries of the conference, was with M. Witte and Baron Rosen. He car ried a ortofolio. Five minutes later, just at 3 o'clock, a carriage drawn by two horses ar rived at the conference building. The marines did not salute this time and the band did not play. In the carriage were Mr. Sato, official mouthpiece of Japan in dealing with- the reporters, and two more secretaries of the mi kado's mission. A , After that arrivals were thick and fast, but there were no more salutes until 3:15 o'clock when the Japanese plenipotentiaries arrived. It was rath er crowded in the automobile in which the mikado's emissaries made their trip from Werithworth Hotel to the navy yard. Mr. Dennison, the American ad viser of the Japaese foreign, office, who has served in a. similar capacity to Baron Komura and Mr. Takahira dur ing the negotiations, sat with the chauffeur. Besides him were Baron Komura, Mr. Takahira and Mr. Yam aza, director of the political bureau of the Japanese ministry of freign af fairs. . .-. ; Admiral Meade greeted the Japanese while the band played more ruffles and marches, a'nd the marines presented arms again. Baron Komura, Mr. Taka hira, Mr. Dennison and Mr. Yamaza wore frook coats and silk hats. When Baron Komura and Mr. Takahira reached the second floor of the build ing they were taken to the main wait ing room. There they found Mr. Witte and Baron Rosen, who arose from their chairs and greeted their former adver saries courteously. It was beyond the hour set for the meeting, so no time was lost in formalities. All that was necessary was the reading of the final protoool and the envoys decided to en trust the rather perfunctory proceeding to their secretaries. Appreciating the necessity for haste, the secretaries hur. ried through the reading of the French and the English texts of the conven tion, and in less than half an hour re ported to their respective chiefs that everything was ready for the act of signing. , M. Witte, Baron Rosen, Baron Ko mura and Mr Takahira went at once to the big chamber where the confer ences have been . conducted. In the center of the room is a long mahogany table. Those who had been invited to witness tho ceremony were already there a sleet group that seemed small er than it really was in that spacious apartment. The envoys bowed to the gathering and the gathering bowed back. Then M. Witte and Baron Ro sen took seats on one side of the table and Baron Komura arid Mr. Takahira on the. other. No particular order was observed in the grouping. Standing around the room, some on one side and some on the other of the table, were the spec tators. There were -Governor McLane of New Hampshire, Rear Admiral Meadet Assistant Secretary Pierce, Mayor Marvin of Portsmouth, Corn- mander Winslow of the United States ship Maj'flower, Lieutenant Command er Gibbon of the United States ship Dolphin, Mr. Shippenbarch, the Rus sian consul general at Chicago, and the attaches of the Russian and Japanese missions. ' The copies of the treaty were in the hands of the respective secretaries, who laid them in front of the envoys. There were four of these copies two each in English . and French. The French drafts were laid before M. Witte" and those in English before Baron Komura Both signed simultaneously. When M" Witte had' isigned he passed, the , parchment over to Baron Rosen. Baron Komura pass ed his over to Mr. Takahira. The French drafts were handed across the table to Baron KomUra and the Eng lish drafts were laid before M. Witte. Each envoy signed his name four times, and each affixed his private seal. M. Witte's seal, a formidable af fair, was handed to him by Secretary Plancon. Everybody in the room breathed a sigh of relief when . the last scratch of the pen was. made. There was si lence for a second or two. It was Baron Rosen who broke it. Rising in his place and leaning across the table to Mr. Takahira, he said in English: "I shake hands with an old friend, and now with a new one." Baron Rosen and Mr. Takahira had known each other trell when the former was Rus cian minister to Tokio. Their warm clasp and the Russian's cordial words broke the ice. In a minute there was a general exchange of congratulations. M. Witte and Baron Komura did not forget to follow the example of Barbn Rooen and Mr. Takahira. Then Baron Rosen read a little speech in English for M. Witte and himself and Baron Komura responded. Meanwhile the crowd outside the conference hall was wondering what all the delay was about. It was just ten minutes to 4 o'clock when its im patience "was relieved. Wallace Mc Cathran, one of the state department clerks who is helping Assistant" Secre tary Pierce, came rushing out of the main doorway. "All signed at 3:47," he shouted. A one-armed petty officer of the navy standing by quickly grasp ed a red flag and waved it vigorously to the commander of the saluting bat tery. Bang went the first of the nine teen guns, an ambassador's salute, that greeted the new made peace. "Present arms," cried the commandant of the marines. The band burst out into a fanfare. At Portsmouth the bells of the churches ivere set ringing. All the steam vessels In the harbor tooted their whistles, and that is how the first news of the ending of the Russian-Japanese war was made known and celebrated. Whle the band was playing, the' guns pjilutins", the bells ringing and the whtlstlcs tooting, Assistant Secretary Pierce was ta,lking over the long dis tance telephone with the town of Oys- ter Bay. He was the first to send the news to the president, and to make sure he sent again by telegraph. At the same time a cable operator in. the conference building was sending to the czar at Peterhofa message from M. Witte, that had been prepared in advance. It told the perturbed mon arch "that his far eastern adventure was ended. A Japanese secretary tele graphed to the Wentworth, to be cabled thence, a dispatch from Komura to the mikado at Tokio. They were drink ing champagne while these things were happening. There was a. luncheon served in the conference building when the treaty makars and fane others got through saying pleasant things to one another. ' Five o'plock came around before any body realized it. Then there was rush to say good-bye. M. Witte and Baron Rosen bade farewell, to the two Japanese envoyarand' tbe others present and hurried off to keep their engage ment , for the .thanksgiving service. Baron Komura. and ' Mr; Takahira fol lowed -fifteen minutes later. The peace conference was over for -good and alL - Half the population, of Portsmouth stood , in Christ -church" yard seeking admittance . to the thanksgiving ser vice of the Russians: - Bishop Potter was there, having, come from New York-to take part in the closing scene of the poace conference, f There were seven. Russian priests and a ' laro choir drawn from Russian choirs of Boston. New. York and Philadelphia; The service was begun with the festal even song and was followed by a part of the Greek ceremonial wjtha solemn Te-Deum laudamusi The -first part of the ceiromony was the ordinary even ing service of the Protestant Episcopal churchT The first le?ron was from the fifth chapter of the Gospel of Matthew, which contains the Beatitudes. This dwelt particularly on "blessed are the peacemakers for they shall be called the children of God." 4 . After a short reception following the service the envoys departed. Baron Rosen, in a speech, after the signing of the treaty, said: "We have just now signed an act which will forever have a place in the annals of history. As negotiators, both on behalf of the ernplre of Rus sia and of the empire or Japan, we may say with a tranquil conscience that we have done everything in our power, in order to !f bring about the peace for which the whole world was longing. As plenipotentiaries of Rus sia we fulfilled a most agreeable duty in acknowledging that in negotiation; without our former adversaries and from this hour our friends, we have been dealing with true and thorough gentlemen. We earnestly hope that friendly relations henceforth between both empires will be firmly establish ed, and we trust that his excellency, (Continued on Page Two.) LAND OF TORNADOES The Kaiser Made a. Bad Guess Talk- - - SvV ing to Congressmen Berlin, Sept. 5. Congressmen Bar tholdt, Littlefield, 3$ orris, Barchfleld, Waldo and McNary were introduced to the kaiser today by ' H.Percival Dodge, the secretary of American le gation. The Americans drove in im perial carriages to a review on the Templehofer field, where the introduc tion took place. ' " - The .kaiser, . using Ynglish, spoke Ao MrC Bartholdt . about -Amer ican arid German railways,:- cri . SMth lot " which subjects he showed himself to be ex cellently informed. Referring to Maine, he said to Mr. Littlefield: "That is the state from -which the tornadoes, come."; -Mr. Littlefield point ed to Mr. Norris.and answered: "No. they come frora :his state." Mr. Nor ris defended his -state "That is wfong," he said. "We have in Nebraska the most ; fertile soil in the world." ' Al luding to Barchfiield's gaunt' stature, the kaiser smilingly said: "If you had lived two.hundred years ago Frederick William I would have Impressed you for his regiment of tall fellows." The conversation then turned upon industrial conditions in Germany and America, Answering Mr. Waldo's praise of. the progress of German in dustry, the kaiser said he did what ever he could to further it. The . probable consequences of the Russo-Japanese war were discussed in detail. The kaiser expressed his satis faction at the increase of 'the Ameri can navy. Finally, he requested his guests to, give his kind regards to President Roosevelt, to whom, he said, he was extremely grateful for his ef forts to strengthen the good relations between Germany and Aiherica. MAE WOOD'S CHARGES Three Officials Reported for Squelch ing Her "Love Letter" Book Washington, Sept. 5. It became i known today that the state department is makjng an - investigation of charges filed with th department by Miss Mae Wood, who alleges that J. Martin Mil ler, United States consul at Aix-La-Chapelle,- Germany, and Robert J. Wynne, consul general at London, to gether with William Loeb, Jr., took from her .under false pretense the manuscript of a book she was writing. The book was to be called "Love Let ters of a Boss," which were said to Yttx lttvrs xpi-ttin Ytv Rpnatnr Waft Thfl stni dprtmpnt rPf,iRM tn toil what the charges Miss Wood has made p'y took , place at the Rochjimbeau are, or wdio they involve. In public, I this evening, the ceremony being per however, ' Miss Wood has made thel-fod by Surgeon Frank Thompson charges against Mr. Loeb, Mr. Wynne and Mr.-Miller, and it is supposed that she has incorporated these charges in those she has made to the state de i partment. It was said at the state de- partment today that the charges had been there for a month or more. Miss Wood charged that Mr. Miller took the manuscript, from her with the prpmised Intention of having . It published in book form, but did not do bo, Miss Wood believed that she could 'have made a large amount of money out of her proposed book. Mr. Miller Is now in the country and is ex pected to arrive in Washington soon to make an explanation to the state de partment of the reasons assigned by the German government for refusing to grant his exequatur as consul Alx-La-Chapelle. Though appointed in March Mr. Miller has never assum ed the duties of his rmssion although he has been in Aix-La-Chapelle .for many months. s ' ' . NEW SURVEY OF INLAND ROUTE - i V Engineering Board Will Visit North Carolina WILL SEEK INFORMATION Railroads aad Refrigerator Car Lines Answer the Charge of Imposing Excessive Rates Canal Commis sion Establishes a Publicity Bu reau Free Delivery By THOMAS J. PENCE Washington, Sept. 3. Special. The engineering board designated by the secretary of war to. make a new sur vey of the proposed inland water way will visit Norfolk and North Caroli na points in . October, for the purpose of holding hearings, so, that the beet opinion of the people with reference to a selection of route can be secur ed. This Information was obtained today by Representative Small, who called at the war department and con ferred with Colonel Smith Leach, president of the board. He said that the board would visit Norfolk, Eliza beth City, Edenton, Washington, New Bern and Beaufort. It is possible that Baltimore and Wilmington may be inT eluded in the itinerary. Local inter ests will be given an opportunity to be heard at all of these points. Mr. Small is much gratified over the decis ion of the board to make the trip and he will be present at all the hearings. The previous survey, was made- two years ago and at the time a sixteen foot waterway was contemplated. Congress has authorized the new sur vey on a 10 and 12 foot basis and the board is undertaking the work of col lecting .the . neeessaiy-. details before the survey' is begun. . J,;f."";i .u ' ; Mr. Small did "a number of depart ments during the today, attending to matters ot interest , to his constiu ents. Among other things . lie secured the promise that an. inspector of rural free delivery would be sent to his dis trict, Washington, N. C. having pass ed the ten thousand population mark, Mr. Small was assured that the city j would be -given a city delivery system at an early date... Formal answers were received today by the inter-state commerce commis- Blon from some of the railroads which with the refrigerator car line are charged with imposing excessive rates on fruits and vegetables fro California and southwestern points to New York and other eastern cities. This Is the case upon which the com mission will test the joint liability-of the railroads and the refrigerator lines for , violating the law. Among the answers to the charges received today were' those of the Seaboard Air Line, the Atlantic Coast Line and the Cen tral Railroad of Georgia. The press agent as a factor in offi cial life was today formally recognized when Chairman Shonts announced the appointment of Joseph Buckland Bishop as executive secretary cf Jhe commission with headquarter in this city. Mr. Bishop is an editorial wri ter on the New York Blobe and a friend of President Roosevelt. In making the announcement Mr. Shonts said: "Mr. Bishop will have Lcharge of the publicity and literary branch of the work. He will prepare the various statements, which I, 'as chairman, or the cornmission as a body may desire to make public, and will furnish all proper information to the press and public. He will also be the official historian of the canal in preparing and compiling the authentic and authoritative record of its con struction. The wedding of Mrs. E, E. Glover, daughter of Colonel T. M. R. Thomp son, of Southport, N. C, and Sur-. . Sn Fred Benton, United States Na The bride is a great grana niece 01. John Randolph of Virginia. ' Oliver Kinney is appointed post master at Kinsey, Cherokee county. WAR IN THE CAUCASUS Serious Engagements Fought by Tartars any Armenians Tifils, Sept. 5. The whole southeast of the Caucasus Is terrorHd by Tar tar refugees who are pouwfag in from Bakau, Elisabeth pol and Shushua dis tricts. Details from Shuahua show that a series of engagements was fought there between Tartars and Ar menians behind -regular positions. The at t combatants strove to reach other quar ters in order to sack, burn and kill a considerable part of the town. The town was' seen in flames. An official estimate places the number of houses i burned at over two hundred. An offi- i " ' , ' I cial account says that two hundred were killed and. injured, but private advices show that the casualties were much higher. The fighting: extended to the suburbs and jxmntry side. . The news from Baku" is becoming worse hour by hour. The black town the factory quarter is in flames. Innumerable other incen diary fires have broken out. The troops are acting with the utmost, vigor, but have not succeeded in restoring order. RICKETTS AND HAY The Keep Commission to Inquire into Their Affairs Washoigto-. 6ept. 5. By order "&f Present Roosevelt the action of Pub lic Printer Paimw in calling upon Oscar J. Rioketts, foreman of print ing office, for their resignations, has been temporarily suspended pending an investigation by the Keep commis sion. While Ricketts and Hay appeal ed their cases to the president and the civil : erviee commission, what ever action n;ay be taken will be dic tated by the Keep commission. The president In understood to be of the opinion that the action of Pal rr.er v- Miiwhat hastjvalthough no douUt is epre3Bea that in the interest of the public service he acted wisely. The Keep oominission is now called upon to inquire into Rickett's case, particularly the "continued acts of Jn surbordination," to which reference was made by Palmer in his letter call-insr- unon fticketts and Hay . for their resignations. ON THE BEACH Steamship and Lumber Barge Driven Ashore in a Gale Norfolk, VS., Sept. 5. The steamship Aragon, Captain Blake of New York, and ocean barge Saxon, which was be ing towed by the Aragon from! George town, S, C,; to New York via Nor folk, are both hard ashore on the Vir .ginia coast two miles south of False Cape and twenty-six miles south of Cape Henry. The Aragon and her tow were caught in a serious coast storm night before last, and as a result th hawser by which she was drawing the- barge became entangled in the steamer's propeller. This left the Ara gon and the Saxon helpless and both vessels were driven ashore last night." The wrecking steamer Rescue? left Norfolk this morning for the scene of the wreck. . . ; The steamer Aragon and the barge Saxon are Doth lumber laden. The Ara gon -has been plying regularly in the lumber .trade between Georgetown, Norfolk and New York. LYNCHING PARTY FOILED - - Could Not Get the Prisoner After I Storming the Jail Butte, Mont., Sept. '5 A mob of 100 men early today made a determined but unsuccessful attempt to lynch James F. Barnes, who late Sunday night shot and killed Patrick Hanley as the result of a slight argument. The jail was taken by storm. The would-be lynchers commanded the broad stairway leading to the doors of the court house, and with drawn pistols firing over the heads of the crowd and the police who attempted to enter. In side a mob battered at the big steel doors, but without success. In the up per corridors were stationed a. number, of deputy sheriffs with rifles and re volvers, and this tended to hold the angry crowd back. The mob finally sent for dynamite, but those dispatched on the errand failed to return within an hour, and the ringleaders abandoned the attempt and were persuaded by the police to disperse. More Thanks to Roosevelt Christiana, Norway; Sept. 5. The In ternational Law Association, In session here today, unanimously approved of cabling President Roosevelt thanking him for his good offices in promoting peace, and for his continu?d endeavors Irt helping forward a happy conclusion of the treaty. The dispatch continues: "We gratefully congratulate you and the American people who have shared emphatically your efforts." ' Lima, Peru. Sept. 5. The senate yes terday a resolution asking the govern ment to congratulate President Roose velt on his efforts to bring about the conclusion of peace between Russia and Japan. ' Secret Russo-German Treaty Birmingham, Sept: 5. The London correspondent of the Post says he Is informed that the British foreign office has learned' that a secret treaty has been negotiated, and probably has been signed, between Russia and Germany. The terms of the treaty are unknown beyond the fact that they almost wholly concern ,the far east and that the treaty may be:regarded as a reply' to that between England and Japan. The corresepondent ex pects as a result an explosive devel opment' of German activity In the Yang Tse region. Germany's Cholera Record Berlin, Sept. 5. Since Monday's 're port there have been one death and eleven new cases of cholera, making a total of twenty-five deaths and seventy-seven cases of infection. This includes a number among the pris oners in the penitentiary. The mili tary authorities have closed the swim ming baths at the east end of Ber lin as a precaution. . . i i - . r CflnON SLIDES DBWMHESCALE Government Report Better Than Was Expected THE PIT GOES WILD Prices Collapsed $2.50 a Bale In Ten MinutesBears Do Not Attach Mach "Importance to What the Growers Association in Ashevillo May Do The Decline Checked New York, Sept. 5. The government crop report was announced from thai rostrum of the cotton exchange today almost . immediately after noon. The effect was to ; cause consternation among the bulls, as the report proved! much more' favorable than had been expected. The market, which had ruled strong throughout the forenoon and had advanced 16 to 18 points from last Friday's closing quotations, immediate ly broke under an avalanche of selling orders and prices collapsed about 50 points or the equivalent of J2.50 a bal"" within ten minutes. For instance, th ' December option, which had sold up t$; 10.93 and was quoted at about 10.SS jusf ; before the government report was read went crashing down to 10.40 cents a pound, while October, which had sold at 10.83, broke to 10.35, and January, which had sold at 10.99, declined ta 10.50. The selling Was on a tremen dous scale and there were fluctuation of 10 points between sales. The pit was a mob of shouting bro kers, arid selling orders began to pour in from all directions. It looked at on time as though the market i.was in foi a big break, as nearly all the pit tra ders had held selling orders contingent on the government crop report makinj the . condition over 71 per ce.ni. Th various bull pools rallied to the support of the-marketand bought so heavily and so aggressively that the decline was checked. Then covering of shorts .'i by the. old bear crowd with a partial subsidence of the outside liquidation helped to rally the market 20 points in the succeeding hour. But for thii strong support It was the general opin ion that the market would have gont lower. There were reports of bull pool! opening in conjunction with the South em Cotton Growers' Association in thl hope, that it would hold the market above the basis of 10 1-2 cents for thl December and January options. If pos sible, pending the convening of th association's members at Ashevllle, N. C, tomorrow, when it is expected, that a strong set of resolutions will be passed endeavoring to fix a mini-, mum selling price at which farmers will dispose of their crop. It will ba remembered that at the New Orleans convention of the same organization resolutions -were passed binding every member to reduce the acreage this year 25 per cent, and this movement . failed.. The actual decrease In acreage has since turned out to be in the neigh borhood of 12 to 15 per cent., although the Southern Cotton Growers' Asso ciation estimated at the equivalent of 18 3-8 per cent." The market was,. quieter In the late afternoon, as the bears were disin clined to force the issue further, with the bulls clique continuing their , sup port. It was pointed out that the average condition of the crop September 1, an shown in today's government -report, is 73.05 for the last ten years, also that today's estimate is only one per cent, under this average. Assuming on this basis that there has been an aotual rer duction in acreage of 12 per cent, from last year's" acreage, the indicated crop is 10,860,000 bales. In any event th indications of today's figures, taken In conjunction 4 with a large visible 'and ' Invisible supply, were held to disslpa'te the fear of any cotton famine for the next twelve months. The trade had confidently expected that today's government report wouifl not make the average condition of tha crop better than 70 per cent., and such a report was practically being dls counted by the bulls in their position of the past three weeks in raising th market from 10.14 cents, the prices re ported Just a week ago today. A largf scattered long interest had been built by speculators here and at New Or leans on this idea, and most of the sell. Ing today was the liquidation of thos; speculative accounts at losses approx. imating at least $2 to ?2.25 a bale. Mt. Airy Merchants Organize Mt. Airy, N. C, Sept. 5. Special Norman H. Johnson addressed a good number of our merchants and othe buainess men last night. Ha spoke in- 4 terestingly of the work of the Retail t Merchants Association, outlining th scope and importance of the ortranlza. tion. A branch association was formetf with F. L. Smith, president; W. W, Burke, vice-president; A. V. West, sec retary, and W. E. Menitt, treasurer. I' 5 i 1
The Morning Post (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 6, 1905, edition 1
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