Indianapolis News, Indianapolis, Marion County, 21 April 1899 — Page 10

THE INDIANAPOLIS NEWS, FRIDAY, APRIL 21, 1899.

DAM TREND OF TRAFFIC j vault ittunv vi itim&iv lb#i ntJ'+c. n»uv<. «>»•.

FRIDAY'» MARKET* I* WHEAT, COEN AND PROVISIONS.

Uv« Sto*!* Pr«TUI«»» — Gms!» Aw«*C «r»l* •*« S«o«A Broker* ^•orrolollvr Oploloo—Io«I- • ooikiIU Jokbtnc Price*.

'iift

outer of the stock he l* taking. It la fthtyto make these concern* allow their hands. The whole business of capitalising

^et with a tendency at the moment of liquidation, which if damage is finally verified, fa likely to redound in a still

• iP.'v vm immr • um*., * ! a » i, 150 to 40* Iba. TWTHC; native cow«.

«w to UA ItM . tc; COW*. MO to *Mi It*.. «WO , •He. *t*#r focea. 1c; *te«r hind*. SH®»He: • heifer htnOe. 8%c; heifer forte. &V. cow fore*, , >c; oo* hlnde. *c. |

S V«al~C*roae«. *Hc

'ortsj'

Mu!

hind quarter*. IIHC; per lb..’*H<' sheep, j*e; sad*

.

forequarter*. jH« ; laddies. HHc ..atton -I^unh* per lb.. Wee: i . J

die* mutton. »e. leg*, mutton. Sc; racke, mut-

ton. short. Me; recite, mutton. 13c. , Pralta, Vegrtablre GaaB#.

belimg price*:

lave!* a boa,

per 190 lbs.

|X*<i again go the May and July wheat option*. The May option closed to-day at TFac. as agaioat T4o aplit yeaterday. and the July option closed to-day at 7«*c aplit, aa against 75*0 yeaterday May corn closed at MHc: J«ly corn, at 16c. Mast Show Their Hands. (Mtanewpotis Journal.} Th« New York Block Exchange, by the recent amendments of its regulation* touching admission* of stocks to the lists, ■takes It Incumbent upon every industrial and manufacturing corporation applying ' to have it# stock# Hated, to file a full exhibit of Its financial condition and to publish at least once a year a detailed statement of it* Income and expenditures for each preceding period, with a balance sheet, showing the condition of the corporation at the close oi its fiscal year or at a recent date. Aa moat of the transacton« at the Block Exchange for some time have been In aharea of the Industrial companies, which have sprung up like mushrooms during the last few years, these new requirement# for listing are eminently proper for the protection of the

public.

The slump of ten day# ago was a bit of Warning to the people who have incautiously contracted the erase for speculative investments. While the aubstantla: stocks are aomawhat affected by the slump of the leas secure paper, they got back to their actual Intrinsic value, gravitating naturally to It. Few of the dividend-pay-ers are above the established basis of safe investments at 4 per cent. Fictitious prices can not be maintained at ten to twenty timea their value. Moat of the new industrial corporations are organised under the New Jersey laws, which do not require that shares issued for property shall be distinguished In reports and statements from other shares, so there » an open door for the overcapitalisation of

the concerns.

A group of men pool their factories capitalised at 110,000.000, and Issue stock to the extent of 180.000,000 to the owners of factories on the hypothesis that the combine will earn dividends on the 130.000,000 of atock. Of this. 118.000,000 would be common stock boofned up and sold whether dividends are made and paid or not. Tha common stock would represent only what the combine expects to make. It is a venture, if all the concerns in the same Hue do not unite, the outsiders profit by the trust's torcing up pipL' e » for a whllb, And then begin to cut trust prices and the combine falls to pieces. The railways art required to make regular statements of their financial condition to the Stock Exchange, and the buyer of their stocks is not ’ going It blind. The fellow who goes Into Industrials has no light on the char-

Lemon*- I3.25<j3.«>.

California th-ange*—Fsaey na IS 7S; fancy aeedUng* * box. IS PO Cabbagea—Holland aeed. R00 p*

Potato®*--70c a bushel.

Onions—C.50 a barrel; 79c a bushel. Bermuda Onions—<2.00 a crate. * Honey-New. 1*6 IV J-lb cupe. Apples—Oood. 1* 00; fancy. I*.50 a barrel. Celery—Fancy. California. Socg'll «». Sweet Potatoes—Kentucky. *2 25. Jersey*

ttm.

Cranberries—I* M barrel; <2 75 bushel box.

Seeda.

Clover Seeds—Buying price* from 12.25 to |t.M per bushel, according to grades. Timothy seed, selling price, from 11.15 to $1.50 per bushel. Selling, fancy Kentucky blue gras* from *1.10 to 11.25. Extra clean Kentucky blue graea. •0c to 75c; red top. from 75c to Me per bushel Selling English blue gra*«. MotTIl »; red and English clover seed. $3 00R2.75: Alayke clover seed. M OOR4 75; Alfalfa clover peed. H 00®4.75 German millet. 7&c®tl.OO. Packasre CofTee*. Indianapolis prices are as follows: Ms; "•

UI, $10.1

^ S. 110.11

<10.15.

Jofcblw* Price* la Flour. Spring patents. *4.75«6.00; winter patent* |4f-f4 25; straight grades. $2 50R3.70: extra fancy grades. *3 40®3 *0; family. |3.i0#3.*0. Ollffk^SCk* Llm burger and brick, 12He a pound; Schweitzer, old. llHc; new Schwettxer. 16c; New York cream. 12He; Michigan cream. UHc-

Iron and Steel.

Iron. <1.MT M; to« cnH* 2H«*e tire tin. lay steel. 5®5Hc; plow

3®2Hc; horseshoes. I3.25C3.50.

; steel w steal.

Wool.

Ing are prices paid for wagon ledtum. unwashed. l*c; burry and

Ble. 12c; fine merino. 16c.

Leather.

ceiling price*: Harness leather, 33®: leather, oak. 27©30c; hemlock, 24®2<c Ing, <7®41c; single strap. 38®41c; city 75c; French kip. SOcCll.Za; city calf. »

The follow!

lots: Good. ITK... unmerchantable.

Leather.

Sailing price#: Harness leather, 33®)4c; sole J I hemlock, 24@2<c. sklrt-

kip. so®

H “ l.M:

French calf. $i.M®1.85. Hides and Tallow.

0. 2 g.

No. 2 calf. *Hc:

Hide#-No. I g. s. hides. 8%c; No. 2 Ides. 7Hc; NO. 1 calf, 10c; No. 2 No. 1 tallow. 3c; No. I tallow, 2V»c.

Hardware.

Wtra Nalls—Base price, $2.25 per keg. 20s to SOs; plain wire, base price. *2.10; barbed wlr* $2.75 per 100 pounds. Batter, Ek®s and Poultry. Poultry—Hens, 7c.

Egge-llc. Butter—lie.

trusts without regard to the intrinsic value of the property, ta dangerous and htlmuUtIve of gambling. The action of the New York Stock Exchange will be beneficial. Money lenders, on the safe side, do not want to loan money or, securities as collateral which fall to show an earning power which will give some intrinsic value to them. Bom# Industrial stocks do stand this test and are respected. A good many are on probation. and some of them are dangerous

to handle.

Grata Note*.

fBy A. W. Thomson's Wire ]

Chicago, 111., April IQ.—Liverpool %A higher for the day. Paris M centime per bushel lower. Argentine shipment# l.fflO.W9—were only half those of last week, and were probably the cause of the advance In Liverpool and the taking of a considerable amount of wheat at our seaboard. Silipaaenu from Argentine since January 1 K500.01)0, compared with 16,000.000 last year. Advices from the fields as a rule were as bad as evsr, the exception being Thoms n, in his estimate, and the Modern Miller, the latter of which la considered rather conservative for a trade journal, and ends the statement by finding It unnecessary to change eatimate of average yield. Snow estimates a maximum wlntfli wheat crop of 300.000.00f), aa compared with some estimates of 4601000.000 made in December. Froat predicted for Kansas to-night, and Prime saya more damage In Michigan than heretofore anticipated. Nebraska sent considerable reports of damage, and controverted reports to the effect that winter wheat crop of that State 3,000.000 bushels, ending last year, claiming that flvs-elghths of their *8.000.-

THE LIVE STOCK MARKET. Cattle Dali—Hogra Active—Sheep and Lamba Aetlve. Indianapolis Union Stock Yards, April 21. Cattle—Receipts 900 head. Shipments WO head. There was a very dull and slow market for heavy steers at a decline of 10c to 15c In prices, and good light steers, feeders and female butcher cattle sold

promptly.

Export and.,shipping cattle we quote:

Good to prime steers, 1,350 lbs.

and upwards $4 8o®?5 00

Fair to medium steers, 1.350 lbs.

and upwards 4 60^485

Good to choice 1.150 to 1.300 lb.

steers 4 «0©4 85

Fair to medium 1.150 to 1,300 lb.

steers 4 25@4 50

Medium to good 900 to 1,100 lb.

steers 4 Good to choice feeding steers.... 4 Fair to medium feeding steers.. 4 Common to good Stockers ...... 3

Butchers' cattle we quote:

Good to choice heifers <4 Fair to medium heifers 3 Common light heifers 2 Good to choice cows 8 Fair to medium cows 3 Common old cows 2 Veal calves 4 Heavy calves 3 _■ Hogs — Receipts 6.500 head. Shipments 3.000 head. The hog market was active,

gj ' e field, and by differ-

ent) crop was winter wheat. By way ot Kansas City and St. Louis reports from Oklahoma and Southwest were of better

condition, because of warmer weather and Showers. Northwest, through Dalrympls, estimated a decrease of » per cent, in acreage, and. fearing a weedy crop, because of late sowing, and the stocks at two Northweatern places decreased 270,000. and on this the prediction is made of a possible 250.000 decrease in the visible Monday. Flour sale .60,000. barrels sold yestercaj two-thirds fo* exiort Primary receipts 390.000, compared with 410,000 last ear. Clearances 400.000. Two-sided mar-

stronger marfesL |

Corn clearances 570.000, and report of some business dons late yesterday from Duluth. Primary receipts 82O,00Q,„ compared with 400,000 last year. Arftntine shipments since January 1 have been 2.600.000. compared with 310,000 last year. Borne May liquidation and conalder&ble sailing, with the West offering corn rath-

“ ‘ a large cash

sr more freely. Oats steady;

business has been done. Bmkar*' Goa alp. • [By L W. Louis'# wire]

New York. April JL—The stock market haa been very Irregular all through the morning, and at the moment it shows no definite tone or tendency in any direction. The trading is quite largely profeaplonal and the room Is rather bearish, but there is very little outside business and the advances and declines shown are without very much significance. The pressure In Continental Tobacco continues and that stock Is about the only feature .of the Industrial quarter. There is no . particular explanation of the selling here ' beyond some rather vague talk about an Increase to the number of new. Independent factories being organised in the Mouth. There has been further realising In smelting. The stock is down about 2 per cent, from yeaterday » close. A new bun movement la talked of in the stock as soon as the present scattered liquidation haa been concluded. Wire and the other steel stocks have been fairly steady, and these seems to be a small bull pool working to Federal Steel. The railway list has been almost wholly featureless Southern railway and LAN. are steady and the grangers are heavy. Big Four is strong on the general belief that the acquisition Of the Monon and C.. H. & *». fines la practically concluded, although no announcement haa yet been made in this respect, it looks Uks an easy money market throughout the afternoon, and the chances favor a fairly good showing by the banks to-morrow. Sterling exdo until the Spanish indemnity has been

arranged for.

Primary Markets.

^SfTSlI corresponding day of butt year.

of wheat

Tol *£? iL Whs** bushel* 18.1*1 bushels, oats 5.000 bushels. ite—Wheat It OOO bushels, corn 21,000

oxts 0.000 bushels

btMbdte^oads 13S.*» bushl

SL «FK-MS *» eSSSSf 1 Estimated receipts at Chicago. Whaat 54 car*, corn 184 cars, oats 183 cars, hogs

ent salesmen prices were considered 2Hc

to 7c higher.! We quote:

Good to choice medium and heavy 94 Mixed and heavy packing 3 Good to choice lightweights— 3 Common lightweights 3 JPige 3 Roughs L. 3

Sheep — Receipts 150 head. Shipments fair. A moderate supply of sheep and lambs sold promptly at strong prices. Buyers are now only wanting the good

stock.

Good to choice lambs $4 Common to medium lambs 4 Good to choice sheep 4 Fair to medium sheep 3 Common sheep 3 Bucks, per head 2 Above quotations are for swift stock. ( htcaico Live Stack Market. Chicago, April 21.—Estimated receipts of hogs to-diy 17,000 head; to-morrow 14.000 head; left over 2,607 head; market strong to shade higher; mixed and butchers 13-85^4.10. good heavy 13.96^4.15, roughs heavy 33.80^,3.90, light »3.80®4.05 Cattle—Receipts 1,600 head; market steady; beeves H15®5.75. cows and heifers 9I.75W4.90. Texas steers I4.00&4.90. Stockers and feeders 13.50®4.90. Live Stock at Clnclaaatt. Cincinnati, April 21.—Hogs—Active, 6@10e higher; select shippers *4.06, common and roughs 98.46®3.«. Cattle—Steady; fair to good shippers 34.40®6.00. common *2.76® CHICAGO GRAIN AND PROVISIONS. Wheat Opened Strang bat Liquidation Followed—Gaotatfbas. Chicago. April «.-Small Argentine shipments for the week and Independent strength at Liverpool to-day started wheat strong. May opening higher, at 74* 07499C. and advanced to 74%®74^c. Crop reports, however, were rather more favorable, and aa rain had fallen in several tions ot the wheat belt, liquidation set In, forcing May down to 74Ho. Chicago received 69 cars., nine of which graded contract. Minneapolis and Duluth got 271 car#, compared with 216 cars for the corresponding day a year ago. Argentine shipments amounted to only 1,280,000 bushels. against 2,4122,000 bushels the week be-

fore.

Slack demand and tbe decline of wheat caused scattered liquidation in 00m. Receipts. 202 cars. May opened %c lower at 34!4c and sold off to 34%®36c. MM Heavy buying by elevator concerns against cash sales strengthened oats. Receipts, 165 cars. May began 84c higher at

9644o and rose to 2644c.

Strong hog markets, outside buying and

‘ ened provisions, her at $9.20 and

rd <

covering aborts strengthened provisions.

May pork started 6c nig; firmed up to S9.20®9.22%.

.06c higher at 5.27%c and rose to 5.27%® 6.30c. May ribs ruled .02%® .06c higher at

May lard opened

of wheat were

dost GO.000 bushels the

4.92%®4.96c Gaotattoas.

(By L W Loul# » Wlra-l

Open- High- Low-

Article* fng. eat. eat. -Closing.' I Wheat— Apr. 21. Aor. 20. May ..... 71%-% 74% 73% 73% 74-% Jyty 76&%75%-%74% 74%-% 75%

Corn—

88 S* 8* S*-* 8% 85 ST'S

Fora—

May I 30 9 « 9 15 9 17 9 15

Lard—

May ..... iy 6 27 5 35 5 25-77 5 22-25 May 4 77 4 80 4 77 4 77 4 75-77 Closing cash markets: Wheat none, corn Stole, oats 36%-%c, pork 19.15, lard 5.22c, ribs 4.7Sc.

SUM

Indianapolis Grata Market.

Wheat-Firm; No. 9 red 73c, No. 3 red

68®72c, April 73c. wagon 72c.

Corn—Steady; No. 1 white 36%e, No- 2 MW** (on# color) W%c. No. 4 white 32%® *%c. No. 3 white mixed 34%c. No. 3 white mixed 3*%c. No. 4 white mixed 31%®33%c.

No. 2 yellow 34%c, No. 3 yellow 4 yellow m%ei33t4c. No. 2 mixed

3 mixed

36c.

mixed 31V

CITY WHOLESALE GtOTATIONS.

■ ■

Carreat quotation* am Yartaae ■■ Commodities.

^r^rssrnsr-

400 to 760 It*., to 466 lb#., 6 *®

Oats—Steady; No, 2 white *l%c. No. 3 white Me, No. 2 mixed 29c. No. 3 mixed Hay-No. 1 timothy ».50®'u).00, No. 9

timothy $8 56«y9.06.

Inspections; Wheat—No. 2 red 2 cars. -No. 3 red 4 cars; total. 6 cars. Coro—No. 3 white 29 cars. No. 4 white 1 car, No, 2 mixed 9 cars; total, 20 cars.

Oat»-No. 2 white 1 car, No. 3 mixed I cars, rejected 2 cars; total. S cars. Hay—No- 1 timothy 1 car. No. 1 prairie 3 cars; total. 3 cars. .... > - New York Provtaioas. New York. April 21.--Butter-Receipts 3.671 packages; steady; Western creamery 15® 13c. factory l?4f!4%c- Old Cheese—Receipts 1.437 packages; steady; large white 12® 12V, small wTtite 12%ftl3c. large colored 12®12»*c. email colored 12%®13c. New cheese weak; large 10c. amall 10®10V-Eggs--Receipts 3,779 packages; quiet; Western 13%fjl4%<\ Southern 12%®13%cSugar—Raw steady: fair refining 4 3-i«c. centrifugal (96 test) 4%c, molasses sugar 4 l-16c; refined steady; crushed 8%c, powdered 5%c. granulated 5%c. Coffee— Clnctaaatl Market. Cincinnati, April 21.—Flour — Steady. Wheat—Quiet at 75c. Corn—Steady at 37c. Oats- Steady at 30c. Rye—Steady at «<Wi62c Provisions—Firm; lard. 5.0<%c; bulk meats. <4.90; bacon, $5.75. WhiskyActive at $1.26. Flax at Chicago. Chicago, April ‘ 21.—Flax—Cash. Northwest, $1.24; Southwest. $1.19; May. $1.20. Indiana Oil. Montpelier, Ind., April 21.—Indiana oil, 71c a barrel. STOCK*, MONEY AND BONDS. Opening was Marked by Gains and Losses—Conflicting Report*. New York, April 21.—The percentage of advances and declines was about equal at the opening of the stock market, but the losses in a few Instances were of a more pronounced extent than the advances. The Indecision of the trading was In part due to the unfavorable attitude of London, whose weakness was general, and manipulation in the specialties. Air Brake going up 8 points. Little of Interest to occasion comment developed, aside from a resumption of activity in Consolidated Gas, which gained 5 points. Other specialties moved in a haphazard manner, but the railways were in the main quiet and steady. While it is conceded by authorities that it Is yet too early to determine the exact status of the crop situation, nevertheless the frequent reports, good and bad,' regarding conditions, deter confidential operations In the general railway list. The stock market, after T backing and filling for a considerable time, finally sold off, under the Influence of short sales and liquidation by tired holders. The action of a decisive tendency to current dealings accounts for the elimination of a large part of the outside orders. Particularly weak features were Continental Tobacco, Tennessee Coal and Iron and various traction stocks. The impression on the standard stocks was slight, outside of Burlington and New York Central. Sales of stocks to noon, 24^942 shares. The bond market continues to display a very substantial tone, with the Inquiry for pretty much the same securities as were prominent on earlier days of the week. Moaey. Money on call steady at 4 per cent. Prime mercantile paper S%@4% pec cent. Sterling exchange easier, with actual business in bankers’ bills at 48*%@487 for demand. and at 48S#486% for sixty days; posted rates 485%® 486 and 487%@488; commercial bUls 484®484%. Silver certificates 69%®60. Bar silver, 59%. Mexican dollars 47. Bonds. Government bonds firmer; 2s registered 100, 3s registered 108, do coupon 106%, new 4s registered 128%, do coupon 130, old 4s registered 112%, do coupon 111%. Stocks. * [By L. W. Louis's Wire.] ' " Open-Hlgh-Low-Clos-Name. Ing. eat. est. ing. Atchison 20% 20% 20% 20% Atchison, pref 61 61% 60% 61% American Tobacco .224% 224% 224 224% Continental Tobacco 61% 61% 59% 60% C„ B. ft Q 144% 144% 143% 144 C.. C.. C. ft SL L... 60% 61% 60% 60% Chicago Gas 126% 126% 126 126% Ches. ft Ohio 27% 27% 27% 27% American Spirits .... 14% 15 14% 14% Leather pfd 73% 73% 73 73% General Electric 119% 119% 119 119 Jersey Central 121 121% 121 121% Kas. ft Tex. pfd 40% 40% 39% 40% L ft N 66% 68% 66% 68% Manhattan Consol..124% 124% 123% 124% Missouri Pacific .... 50% 51% 50% 50% Northern Pacific ... 52 52% 52- 52 Northern Pacific pfd 78% 78% 78% 78% N. Y. Central 140% 140% 139% 139% Northwestern 161% 161% 161% 161% Pacific Mail .. 53 53 52% 52% Reading 24% 24% 24 24 Rock Wand 116% 116% 116% 116% South. Railway pfd. 53% 54% 53 54% Sugar Refinery 165% 165% 164% 165 St. Paul 127% 128% 127% 128 Tennessee Coal 66% 66% 64% 65 Union Pacific 46% 46% 46% 46% Union Pacific pfd.. 79% 79% 79% 79% Western Union .... 93 93% 92% 92% Wabash pfd '...23% 23% . 23% 23% B. R. T 132 132 '130% 131% F. S 68 68% 67% 68% F. S. pfd 86% 86% 86% 86% Indianapolis Clearings. April 21. April 14. Clearings $856,577 44 $752,630 18 Balances 168.410 40 59,160 76 Clearings In Other Cities. Clearings at the larger cities yesterday and a week ago were: April 20. April 13. New York ....1220,591.094 $239,638,757 Chicago 20.188.267 19.900,142 Boston 1 30.894.458 21,768,0® Philadelphia 16.046.724 15.277.802 St. Louis 6.308.813 6.200,900 Baltimore 3,519,915 4,583,471 New York exchange sold yesterday as follows: Chicago. 10c premium; St. Louis, par bid. 10c premium asked. A GREAT WHEAT CROP. Flattering Prospects for a Big Yield la Shelby County. (Special to Tha IndtanapcrtH New#.] ShelbyvlUe, Ind., April 21.—There may be here and there scattered through Sbelbv county a field of wheat that has been injured by the elements, but these are so few compared to the whole that they will not cut much of & figure In the great crop that seems to be In sight. Not for years has the wheat looked so healthy aa It does now. The warm rain* of the last few days have brought out amax'ngly the fields that had some indications of having been injured. The growth is becoming rank, and if the farmers have anything to fear It is that the etaiks will Joint and be hurt by a late frost. . Experienced wheat raisers who have traveled over the county say that the outlook for the crops of the year is flattering. Young clover, timothy and oats are all doing well, the stand of clover being almost phenomenal. There will be no peaches In the county, but eiples. cherries and strawberries will be auund&nt. Blackberry and raspberry canes suffered largely from the severe cold weather. To take Shelby county all through the farmers have not had as much money for years as they have now. and they never had better prospects to make more. Peaches Are a Failure. [Special to The Indianapolis Newt.] Nashville. Ind.. April 21.—Orchard men in this neighborhood report peaches an utter failure; apple and cherry and plum prospects, however, are flattering. theTdanger line. The Missouri Rising Between Kansas City and Slonx City. Kansas City. Mo.. April 21.-AM points between Kansas City and Bloux City report the Missouri river still rising. It reached the danger line at St Joseph today. At Kansas City the river te slightly below the danger line. The following rlees for the paet twenty-four hours are recorded: At Sioux City, three-tenths of a foot; Omaha, nine-tenths; Pla'tsmouth, and St. Joseph, about five-tenths; Kansas City, two and a tenth. At Omaha. Omaha, Neb., April 21.—The gauge this morning showed a rise of nine-tenths of a foot In the Missouri river during the last twenty-four hours. Reports from above Indicate a further rise. On the low ground on both sides, considerable land is under water, but no serious damage has been done. < The principal danger Is to the large Ice houses situated on a lake northeast of the city, which was formerly the channel of the river. Water from the river is now running Into the lake, and men are at work building dike* around the houses.

PATRONS’ DAY AT COLGATE

ADDRESS DELIVERED BY JAMES B. ANGBLL.

President of Michigan Cnlveralty Dwells on the Importance of Diplomatic and Consular Service.

eated In public affaire. He besought those of them who should go into public Ufa to carry with them the nigh ethical Inspiration, which the noble life of the university gives them, and he expressed the hope that the institution which had done so much for the church would not be wanting to contributing some of Us beet sons to the diplomatic and consular service of

the etate.

TO examinetrust laws Fine Good* Weavers will Visit New

® England.

Charlotte. N. C.. April 21.-The fine goods weavers of North and South Carolina, who began a meeting here last night, hava appointed a committee to visit the New England States shortly to look Into the laws governing trusts and combinations. Tha manufacturers who met here wished to inaugurate a pool of all the fine cloth-mllle and sell through one agent, and that a committee of three representative manufacturers be appointed to control this agent. The laws of North Carolina and South Carolina are very strict regard to trusts and combines. and especially Is this true of the manufactured products. It is a question as to whether or not the combination would be legal, and It Is also a question as to whether the boards of directors of the different mills would sustain such action as was contemplated 4t the meeting. Some of the representatives would not participate in the meeting on account of the latter cause. ______ Effects of the Arkansas Law. Little Rock. Ark.. April 21.~AttorneyGeneral Davis has instituted In the Circuit Court thirty-six suits for $5,090 each against the Connecticut Fire Insurance Company, charging it with being a member of a pool, trust, agreement, combination or understanding with other corporations engaged in similar business, to regulate or fix the price or premium to be paid for Insurance property. Tha suits cover each day since March 6, when the hew anti-trust law became effective. The aggregate against the company Is $190,000. A fire occurred In this city last Sunday night, in which the Little Rock Oil and DeUntlng Company and tbe Aurora Manufacturing Company suffered losses to ths extent of $100,000, of which $60,000 was cov-

■•i

• CLJd

"Meet Me at Saks* Corner 9 * Waatiington and Pennsylvania Streets

Re|. U. S. Patent Office

Reg. U. 8. Pateit Office

Hamilton, N. Y.. April 21.—Fully 1.000 students, alumni and friends of Colgate University assembled to-day to hear the Patrons' Day address by James B. Angell. LL. D„ of the University of Michigan. Dr. Morrill, the new president of Colgate, presided. The Rev. Jesse Hungnte, of Homer. N. Y., offered the invocation. When Dr. Angell arose to speak, he was greeted with great applause by the large audience. His address was upon the subject of “Our Diplomatic and Con-

sular Service.'*

Dr. Angell spoke In part as follows: “I have thought that perhaps I might render some service by offering a few suggestions on the diplomatic and consular service of the United States. I shall aim to show that the dlplomates of our country are worthy of higher appreciation than they have generally received, and that the consular system is in need of some important changes if it is to render the assistance it ought to give to commerce and to the security of property and life. I choose this theme now because all aa-e convinced that we are henceforth to have more intimate and extensive, perhaps in some respects more delicate and dangeroua, relations with foreign powers than we have had In the past. We all see that we can not live longer in the comparative Isolation we have enjoyed. Even If we do not have greater complications In our political relations. though it Is probable we shall, still there can be no doubt that we are to play a much larger part than ever before in the commerce of the world, since we are now prepared to supply the markets of the world with many products at cheaper rates than any other nation. Important Facts. •These facts make It important that we should appreciate more Justly than we have done the value of efficient diplomatic service and the absolute necessity of a better consular system.” Dr. Angell then proceeded to show how in all nations there has been a tendency to forget the worth of diplomatic achievements and to glorify military achievements. The peace of Westphalia in 1642 was perhaps the most Important diplomatic settlement of the last three centuries, since it practically established the modern State system of western Europe. But the historians who gave whole volumes to the thirty years' war which It closed, do not even mention the names of the great men who made the treaties. Our school histories, which eulogise all our generals, rarely condescend to tell us who negotiated any of our principal treaties. He then rapidly reviewed the splendid diplomatic work of Franklin, Jay. John Adams, John Quincy Adams, Monroe, Livingstone, Webster, Hamilton Fish and others, and asked where in qur school books do we find adequate mention of their deeds. He showed how even inffuential journals often recommend the abolition of our diplomatic service. He commented on the Insufficient provision for the support of our representatives and the neglect of our -Government to furnish them residences. Until lately the representatives to .the great courts were subjected to the disadvantages by having a lower rank than that of ambassador. As it was clear that we were to have closer relations with foreign powers. It was hoped that there would be entire appreciation of the Importance of these functions and better provision for them. Might we not also hope that historians will teach the coming generations the names of the men who have won the victories of peace as well as the victories of war? Conan lor Systems. The speaker next passed to the consideration of our concular system. He described the duties of consuls and explained what qualifications they ought to ’ have — acquaintance with business methods, some knowledge of law. If possible, some knowledge of fomgn tongues, and high character and good breeding. He then Inquired whether the preaent mode of selecting them, secured men with such qualifications. and showed how partisan and temporary appointment failed to secure us the

best service.

He dwelt at length on the pressing need of some new system of providing Interpreters of American birth for ths consulates and legation. He described the excellent method followed by the British In the East. If this Is not adopted, then our Government ought to insure accomplished young men like our college graduates, permanent employment, with good compensation and a prospect for ultimate appointment as consuls, provided they learned the language of the country to which they are to go and have otherwise fitness for such work. He spoke of the Indifference of Conrgeea to our Interests In Oriental lands, as shown by the failure to pass such laws as are needed for our

extraterritorial Jurisdiction.

He also called attention to the need of some system, similar to that recommended for finding good consuls and interpreters. If we are to find good administrative of-

ficers for our new possessions.

In conclusion, he expressed the hope that some method would be adopted which would open our foreign service to our young graduates on terms which would make It worth the while of some of them to prepare themselves for It and enter upon It. He counted It a good omen that college students jtre now so much Inter-

1 \ _-*-*• -- - esoughl

of them who should go into public Ilfs to - ^ ^ htoal It jm tlon, which the noble life of the university

l90ol{ at a Big P<?nnv)worth Twice Is a prudent, old Sage’s proverb. Comparison is the true, in fact, the only test of worth. The difference between the prices we quote for men’s and boys’ clothing and those that are lower—simply means the difference between clothes that are made for show to sell and those (as ours are) which are made to retain their shape and stand wear.

/Wen’s Spring Suits 21 patterns in the nine “Fit-reform’

shapes;

some are with doable-breasted vest and some have single-breasted. In three and four-button sack Suits, 918 value; Saturday special for.. $15.00 25 patterns. Including checks, over-plalds, pin-checks, shepherd-checks, hair-lines and neat stripes. Vests both single and double-breasted. You can not match for even 915. Saturday special $12.30 23 patterns In cheviots, Scotchy effects, herringbones, diagonals, casslmeres, etc. AU MFlt-reform,” regular 912.50. Saturday, special price $10.00

Just 19 patterns, good enough business Suit

for any one; will give robust wear, fadeless, masculine looking, $10 value. Saturday $7.30

80yS’ AND CHlfeORGN’S CbOTHING

I We are leaders In Men’s Clothing. So are we also In

Boys’ Clothing.

Lot 9069. Just 100 Saflor Suits, soutache braidtrimmed on collar and sleeves, lanyard and whistle; iextra value for $1.50. Satur- i£g QQ Lot 9036. 65 Brown-mixed Flannel Sailor Suits, ages 8 to 8 years, beautifully braided: has cord and /tfi whistle. $2.25 value*. Saturday Lot 6232. 25 neat Check Vestee Suita. Vest and collar fancy trimmed; $4.50 value. Saturday s a:-a ..0 special price., qJA.VO Lot 7068. 69 Double-breasted Knee Pants Suits, ages -17 to la years; strongly made, a COO Cfl OA Value. Saturday ; 7049. 84 neat, gray Check D. B. Suits, strongly extra well sewn; $4.00 value. Satur-t^Q 6. 37 neat, brown-striped Suita, double- . silk-eewn throughout, guaranteed not to lose shape till worn thread-bare; cn ue. Saturday

yien’s Spring Top-Coats Productions we *re proud of—as well might one of New York's bast Fifth avenue tailors. No tinge of amateurish tailoring about’ these. Adroitly manhiulated for the nine shapes of man on “Fit-reform” patterns. Five cloths—whipcord, Venetian covert, unfinished worsted and vicuna. Three lengths and nine shapes, $18 Yttue. Saturday’s price $13.00 For usefulness, durability and wear, see a line of whipcords, wide or narrow wale, trimmed equal to custom work, regular *15 grade. Saturday. $12.30 In four fabrics of shrunken and tested whipcords and coverts, $12.50 value. Satu rday ........ .. i $10*0 Must be of proven worth to carry a SAKS label—these have, and stands behind you as our guarantee. Can not be matched even at aiO. 1 Saturday...,

Gents’ furnishing Goods

Everythin* that Is neat, new and nobby. 60 down new spring styles In fancy Shirts. A laturt^y ra ! < *. W,th each « * ki " a . 75C r> .i 00 ^ 0 **" n<fw ■P r, n* 50c ind 75c silk Puff Ties. Your choice Saturday 60 doaen fine French Lisle Thread Uridet* wear, plain and fancy colors; $1.00 and $1.25 value. Saturday 75 doaen new spring-weight suspend- 'Oft-, ers. new colorings; 50c vahie. Saturday...

Another lot of 60 doaen Men’s A How In black, red. blue and ta clal for Saturday (4 pair* In box)

Ine 25c Half Spe ' Stic

•*****••

Your choice of about 12 dosen Fancy VestiL single and double-breasted. strictly reserved

r.'Sj

Shoes—iMen’s and 5o\?S’

The Saks Regent Shoe, for Men. is aqual to any $5.«) kind. Standard price

$3.50 $1.98

98c

A special line of $2.50 Men's Shoes, priced

specially for Saturday, at

80 pairs Men’s Chrome Kid Black Lace

Shoes; value $1.60. Saturday, for

BOVS’ F00TW6AR

75 pairs (a special purchase). In Russia C | Kid. sloes 12% to 5%; $1.75 grade. Saturday...*!**65 pairs Boys’ Black Calf Lace Shoes; fiKeverywnere $1.25. Saturday ocu-

6 s

/Vlen’s Hats 873 Men’s Alpine and Pasha Hats, in nutria, brown and black. Got them with that lucky lot b*. ’skss;*’" 1 . "t:™. uw >ioo 275 Men’s Derby Hats, In ..four shades, all new blocks; $1.60 and $1.75 value. Satur- Q0 . We have received the last of that famous purchase—those $3.00 Fedoras and Derbys—a little ovaff SeyTEt ! n . £.. IIa . ve .. yo . ur .. p ! ck ;.,?. hU .*.. $1.98

SATURDAY MORNiNG—7:30 to 12 noon—230 pairs of those $1.50 Pants for $1 m OO. 400 pairs regular $4.00 Pants, special for! $2.50. SATURDAY EVENING—6 to 10 o’clock—the last 27 of the shaving sets; each set contains 10 articles and is value for $2.00. Saturday evening, O8o. 0 to 10 o’clock—men’s 10c shop caps will be sold for 3o. PHOTOGRAPHIC, BICYCLE and ATHLETIC SUNDRIES 30 per cent lower than any other house in the city.

ered by insurance. Adjusters for foreign insurance companies are now! holding up payment on the policies on the ground that under the anti-trust law they are liable to criminal prosecution if they settle the losses. Astt-Trust Bill In Texas. Austin, Tex., April 21.—The Special committee appointed by the Senate to give hearing to parties Interested in the antitrust bill now pending In the Texas Legislature made its report to the Senate, recommending that the , blll r be passed without any amendments &i Oil. save one to provide that the law shall not become operative until January 1. 1900. The committee states that representatives of the labor unions of the State ask that they be exempted from the provisions of the bill by amendments, but as the bill does not touch them, In the opinion of the committee, it is suggested that no amendment be added to the bill. In this particular the House committee report disaenta. in that It recommends that an amentfment exempting labor) unions be added. The House committed also tacks on an amendment providing ithat no Insurance company pooling In another State In the Union and doing business In this State shall be held responsible for the pool without the StateGas Company Absorbed. Washington. D. C., April 21.i-The Washington Gas Company has been absorbed by the street railway and lighting syndicate, headed by Frederick C. Stevens, which recently bought up all except one of the street railways of the city, and also the electric light companies. A <**- posit of $250,000 has been made with the Fourth-Street National Bank, of Philadelphia. to secure a consummation of the sale. The gas deal Involves an expenditure of about *7,200,000, all of which the syndicate obliges Itself to pay upon what are substantially cash terms. The prjposltlon made to the stockholders contemplates the purchase of the entire issue of

3,000.000.

KILLED FROM AMBUSH. Shert® J. S. Dawsoa the Victim of Assassins Near Waterville, N. C. Knoxville, Tenn„ April 21.-fihertff J. 8. Dawson, of Cooke county, wjas killed at a late hour last night from a'mbuab while on a revenue raid in the mountains of Cooke county, near the North Carolina line, not far from Watervillei N. C. The sheriff was accompanied by a party of deputy marshals from this feity. The shot was fired about 2 o’clock this morning at chief raiding deputy J. D. Alton, of this city, the bullet passing through his coat above the heart fnd striking Dawson In the neck, produfclng instant death. The locality in tbe itoountalna is twenty-five miles from the nearest telegraphic point, and detatlb are very

meager. There is said to

party of moonshiners near thfe locality of

the raid. Reinforcements will

a strong jcailty < be sent.

Wife Murder and Salclde. Pueblo. Colo., April 21.—Frank Smith, driver of a soda-water wagon, shot and killed his wife and himself as! an outcome of a divorce suit recently' brought by the woman.

RENTERS ARE

BUSY Quarters, s find Store tuvintr ej

Looking for New

List Your Dwellings and S

with ns. We are

Rental Demand for All

Property. We Can

Property most AT LOW C0S1

re Rooms excellent

a of

le Your

Marion Trust Co. N. E. Corner Monument Place and Market Street,

We have this broad, plain toe i shoe in Congress and Lacs, In Tan, Chocolate and Black; made 1 of Wax Calf, WUlow Calf and Vlci 1 Kid. genuine Goodyear Welt at: $2 60 e nd $3.00. AU sUeet widths J O/w jrfltoP fie®# m roof

to A. FLETCHER ft COSAFE DEPOSIT VAULT Non. 30-84 East Waablagton SI. Absolute safety against firs and burglars. Policeman day and night on guard. Contains over 2,000 safe* Rent, $5 to $45 Per Year JOHN S. TARKINGTON. . , . » . Mana*e»

WANT ADS’’ IN Tli f NfWS asr OWLY ONE CENT A WOPP,

ADVICE in business Is sometimsa like "the stitch in ume.” which “aavas nine.” Frequently experience and knowledge ore able to see ways and find mean# for the adjustment of s business that amounts to a rescue and makes all toe difference between success and failure. THE INDIANA TRUST COMPANY Is f u-med for the purpose, among other things, of giving advice of this kind. It is organized and officered with the design of commanding knowledge and experience whlco can be used by its patrons. i Its services also may be secured for the active management of affairs at whatsoever crisis and in whatsoever way desired. Consultation, which is fr*s. to invited at all times. ms Inlino M Caw. Capital $1,000,000 Surplus #60,000 OFFICES—INDIANA TRUST BUILDING.

Ti Quiet Hi bln Is f orti»Fmai 6 W ’ RUBENS'S Bales Houma Clothing Parlor no w. i— Washington St. j A REPUTATION a* FOR INTEGRITY 1” " can only be maintained by truthful statements. Temporary advantage may be gained by deceptive announce* ments; but it reacts. Customers are the only effective advertisements; their indorsement carries weight The clothing we sell is the kind which gives the wearer comfort, satisfaction and service. Our clothes don’t require any “breaking in;” they fit and feel right from the start, and hold their shape and color to the finish. “FOLLOW THE CROWDS TO RUBENS’ ” Stripe Suits.... We are showing a full line of the popular stripe Suits in all the latest and richest patterns at extremely low prices. Top Coats in all shades and weaves, at prices ranging from $5.50 to $15.00. A full line of TattersaU fancy Vests at $3-50; other tine lines at $2.50 and $3.00. Do Not Fail To See Our Windows Hive You S»n Our five Oreit 1899 Spetkls? Our $5.50 Line of (overt iM Herringbone Sprint Top Coats Our $7.50 line of MiM, Stripe and Overdeck Silts Our $10.00 UK of fiKy Imported Worsted Suits Our $12.50 line of Eitra Fin Worsted adSerte Suits Our $12.50 LiKOf Siik-ficed RUSSIAN BlUFSFROF Suits Our Goods are Worth Insgootlon, ovon If only to find out what's now. Your Money Baok If You Want H.

OF CLOTHtt*^

110 West Washington Street

Wftffr /m®" m the mews only to word

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