Newspaper Page Text
A General Tendency Among
Grain Gamblers to (jlose
The Banks Not Disposed to Ad
vance Money for Specu
Operators in Corn and Wheat Busy
Changing: the May and June
Options to July.
Stocks Were Unsettled at the Opening, Be
coming Firmer as the Day 'Wore
Away, Closing Buoyant.
S. rani, the Coalers, Lake Shore and Lou
isville A: Nashville Bear the Brunt
Of the Fight.
[Special Telegram to the Globe.'l
Chicago, May 10.—The markets on 'change
to-day were somewhat nervous and prices irreg
ular at a lower range than on yesterday. Out
side orders were light and local operators show
ed at increased desire to close trades, get out of
deal and find where they stood. In consequence
! the bulk of the business was in the way of liqui
dation. The decline to close up deals was in
creased by the wide margins demanded by the
banks, who are carrying property for both out
siders and irregular customers. The general
feeling among bankers is that it is injudicious to
foster speculation by continuing to advance
money freely on property that would long since
have been forwarded to consuming points had
not manipulation kept prices far above the fig
ures at which the same articles could be bought
in other countries which compete with ours in
the food, importing sections of Europe. ,--.-"-
The decline in stocks and the failure of anoth
er stock linn during the closing hour of the regu
lar session was also a demoralizing influence, as
it showed that the early predictions that the finan
cial troubles in Wall street were over were not
justified. The result was that the grain crowd
were less bullish and the market weak. Pro
visions were without legitimate support, the
market dull and lower, and the demand for all
classes of packing house products, either for
speculation or consumption, small. It was evi
dent that a further decline in pork, lard and short
ribs was only prevented by the refusal of those
who held the bulk of the property to offer it
Wheat was dull and irregular and Liverpool
quotations were dull and weak. The New York
market opened a shade easier, but there was
little encouragement from other sources, St.
Louis and most of the other markets being low
er. There was scarcely any outside demand,
either for shipping or speculation, and the only
favoring features were the liberal withdrawals
from store compared with the receipts, the for
mer amounting to 103,000 bushels, while the in
spection into store was only twenty-six cars. It
Was freely predicted, however, that the receipts
•will increase at an early day. The situation of
the market was also weakened by the
heavy charge for carrying May
and June into July, the premium for transferring
May to June being 1?i ©2c and into July 3?i@2c.
July opened at email@example.com, or &®!-ic under
Saturday's close, and advanced to 90;-jC, but
weakened under th»- free selling of longs, who
were anxious to get out ' of the deal, as they saw,
little in the outlook to encourage holding, and
declined, after numerous slight fluctuations, to
to 89 Vie, rallying afterwards and closing on the
regular session at 89 @69 %c. On the afternoon
session trading was light, but the feeling was
stronger and prices advanced He
Corn was dull and weak, and but a moderate
business whs transacted, which was largely in the
way of transferring May and June to July, par
ties to whom the grain is going on this and next
month not being disposed to take the risk of its
delivery while money is so close, and the banks
who make advances demand such wide margins
as a safeguard against shrinkage in values. Out
side holders were also more inclined to unload,
and there were few features calculated to inspire
confidence, the inspection into store showing IS4
cars, against 120 Saturday. There was also an
improvement in quality; 42 cars of to-day's arri
vals grading contract. The railroads reported an
increased demand for cars from country ship
pers, while the freight contracts by vessels were
for but 104,000 bushels. Opening sales of July
were 575»@57?4C, from which point prices rece
deded to 50% c, and closed at 57@57^c There
was a stronger feeling on the afternoon board,
and prices advanced ?s@}ic.
Oats were weak and lower, being without sup
port from any source, and the heavy receipts, 289
tars, checked all speculative buying for future
delivery. The closings were %c lower on July,
and J£c lower on June, as compared with the last
Provisions were only moderately active, and an
easier feeling prevailed. The offerings on specu
lative account were fair, but the demand was
limited, and confined mainly to shorts. Prices
Tilled lower on all the leading articles, and the
market ruled easier at the close.
The offerings of pork are not large, and the
demand was light. The market was weak dur
ing the greater portion of the session, and prices
receded IS® 20c on the whole range, and closed
rather steady at 51T.40 for July, or 12Uc below
the last quotations Saturday. Trading was chiefly
confined to this option.
Lard showed more activity and prices fluctua
ted somewhat within a moderate range. Offerings
•weie rather free and' the speculative demand mod
erately active. Prices declined s@.locand closed
rather firm at $3.07 y. for June and 58.22J4 for
July, or 5c under the last quotations Saturday.
On the afternoon board a Femewhat stronger feel
ing prevailed and prices advanced 2yc.
Short ribs were in moderate demand, with the
offerings not very large. Prices were easy and
declined 1254@15c. The close was 10©15 c be
low Saturday's last quotations.
The hog market was slow and prices weak and
■unsettled from first to last, the market closing
dull and s@loc lower, with a large number un
sold. Regular buyers had no orders and specu
lators fancied they could see nothing in the near
future wherein they could make any money by
buying at the current rates.
The shoe market was dull and . dragging from
first to last. Shippers were out of the ■ market,
and the local demand was limited. There were
but few sales.
There was a good demand from all sorts of fat
cattle. Shippers and buyers for the- dressed
beef trade were the principal buyers. The ex
port demand was limited, as the advices from the
British markets were rather disci uraging. At
an early hour the pens were " well cleared,' the
markets closing steady. There was a liberal
supply of distillery cattle. As compared with
Friday or Saturday there was little or no change
in prices. Butchers' stock will soon begin to
sell at lower prices, as grass Texans are begin
ning to arrive. A prove of the latter sold at low
W. 11. Minor & Co. say: "The wheat market Is
still nervous and- very easily influenced, and in
a position where an opinion has to be given more
as a chance than a fair product. The corn mar
ket will, no doubt, hold fairly steady until there
is an increase in the volume of receipts, which
we think is quite probable very Boon. While the
demand for oats is good and stocks small, there
•ecms to be a disposition to put prices lower, in
the belief that there will be enough to' go
oMilmlno Bodinen & Co, say. "The scarcity
of outsde orders was especially noticeable. We
think everybody now disposed to sail close to
shore, and those having open bibs ore disposed
to close and await the turn of events In financial
circles at the seaboard. . The banks here aro
calling in loans dally, and to-day spot and May
lard are Belling 20c nude* June, The Is also
great pressure to sell cash and corn, and buy
■Tune, and the difference now represents a large
interest for the time. This is a new element of
weakness in the general situation and a very
serious one, too. There is no improvement in
the legitimate demand for our . breadstuffs and
receipts oJt wheat show a slight increase. Crop re
,.-■-'.. ."-- . .-. :... :: - ' . .... .-. ■ ■
Daily Up (Klnte,
ports are generally favorable, and we conclude
tins wheat is quite as likely to sell down as up
from this point. It docs not look healthy to
Crosby & Co. say: "The day's action has
been quite in concurrence with our views. We
expect no sharp break in wheat, but think it
will drag down under decreased speculation and
scattering liquidation of long stuff. The crowd
supported the market on weak spots last week,
but now seems less inclined to do so, and will
work bearish, if the situation does not strengthen.
The export demand is small and easily satisfied,
while we expect as an effect, increased receipts
of primary markets."
[Special Telegram to the Globe.l
Chicago, May 19.—Banks report money in
good demand, with rates firm at s©ti per cent,
on call, and G(?T7 per cent on time. Loanable
funds are in sufficient supply to meet business
requirements. New York exchange continues
practically uncalled for at 50c discount per
Si,ooo. Foreign is slow at §4.81 for sixty days
documentary sterling. In a general way, the
market presents no new feature. To-day's
bank earnings were §8,559,000 against §7,021,000
| Special Telegram to the Globe. |
New Yobs, May 10, —Stocks were considera
bly unsettled at the commencement of business
this morning. Lake Shore was abcut the weak
est feature among the dividend buyers. The or
ders from the other side of the water which were
looked for did not make their appearance. There
was big trad ing in Louisville & Nashville, the
price falling from 33Ji to 30} - Money was iv
good supply at about ti per cent. There were
not so many orders from outsiders, however, as
were expected and the market at times was ex
ceedingly tame. The coal stocks were heavy
the day through. About 2 o'clock Lake Shore
dropped below 80. St. Paul was selling at 71 and
the market generally didn't look very brilliant.
The announcement of the failure of W. B. Scott
& Co. was made about this tims.
Business to-day centered in the better class of
securities. The activity in Louisville & Nash
ville was occasioned by the unloading of it by
disgusted holders. It was also the case in Read
ing. This weeding out process will prove of great
benefit hereafter. Stocks picked up somewhat
at the end, aud closed fairly firm.
Henry Clews & Co. say: "Soon after the
opening this morning a savage attack was mndc
on Louisville & Nashville, followed, by a similar
one on Lake Shore, and simultaneously a report
became current of a defalcation in some corpora
tions not named. It was also freely whispered
that several important failures would take place
during the day. This struck terror to the hold
ers of securities bought jn the last few days, aud
caused a general unloading to realize the moder
ate profits thereon. The market was consequent
ly kept in more or less of a nervous state for
the residue ot the day, until about the close,
when a stronger tone was moused with
increased confidence, carrying with it a some
what blighter promise for to-morrow. There
was but one small failure announced, and as
liquidation took place in its advance the fact was
nominal. While other failures are not unlikely,
still they will hereafter cease to produce any great
consternation, as stocks are not likely to come
from such quarters, as it will be found that they
had already thrown their securities overboard.
The bears must invent, therefore, some other
dodge to bring out long stocks than their efforts
to produce failures of stock houses. There
never has been such persistent, continuous and
vicious efforts to undermine the credit of many
of the. leading firms and cause their collapse than
during the last few weeks. The wires have
been freely used reporting to all parts of the
conntry, first one then another,as having actually
failed, and the, wonder, therefore, must be with
the people of other cities of such frequent reports
that such houses thus attacked could have re
sources large enough to have sustaiued them
selves. The test, therefore, having been such a
thorough one, cannot fail to inure to the benefit
of those firms that have been seriously under fire
during the recent trying ordeal, and when the
storm has passed, they-having survived the or
ganised conspiracy against them, the highest rate
of credit must be accorded, as it will prove they
are capable of passing through any financial erup
tion and able to take care of themselves under
any and all circumstances, come what will. Thu
market naturally after such rough treatment
and such terrible losses, cannot fail
to be otherwise than feverish
for a short time ahead, but we look forward to a
steady revival of confidence and an improvement
in good properties day by day, and we do not hes
itate to recommend investments in the better
class of stocks at the present time, and those
that do not visit Wall street with their spare
means will regret it thirty days hence, if not be
fore. It must be remembered that this country
and many of its enterprises have a higher future,
and the effects of the recent panic will soon be
looked upon as a thing of the past and be soon for
gotten. Life is too short and time too precious
in this country for its people to look
backwards. The natural tendency is the forward
march. There certainly can be no risk in buy-1
ing a stock like Dele ware & Lackawanna at 109,
which for many years past has earned and de
clared 8 per cent, dividends and accumulated a
cash surplus besides which now amounts to $10,
--000,000. The same can be applied to North
western at 102, Rock Island at 115, and Chicago,
Burlington & Quincy at 110. All are H per cent,
dividend-paying stocks and so will continue to
be. The rate of money will now soon steadily
work down to 2 per cent., if not less. Then the
question will come up what to do with it.asitwasa
short time since. London has bought over 300,000
shares of American securities in the last three
days which will prevent any additional exports of
coin, besides which the foreigners are not yet
through with buying. No more wholesomo
sign could exist than this, and the effect of the
panic as producing low prices and causing this
export of our securities will prove beneficial. A
similar panic should occur in grain and thereby
force its export in the same ways. Banks and
trust companies who have loans and collaterals
should now insist upon full and ample margins,
and if their dealers are uuable to respond they
should be forced to the wall, so that all
weak spots should now be broken out, when the
base will be a solid one to build upon, instead of
having straggling fortunes after we again get
fairly under way. It is better that the opportu
nity should be availed of to make the start when
it becomes solid and substantial, aud then it will
be enduring and uninterrupted for one or two
years ahead at least. Now is the time to get rid
of all bankrupt firms, institutions and concerns
before we take a new departure, then it will be
London, May 19.—The Mark Lane Expreas in
its review of the British grain trade for the past
week, says: Sunshine has improved the condi
tion of the wheat. Trade is slow and values are
in favor of the buyers, Maize is scarce but 3(S,Od
cheaper. For off coast the market is quiet,
There were twelve arrivals; five of the cargoes
were sold, five withdrawn and sixremaiued.Tb.ere
was no inquiry for cargoes on the passage, and
quotations were uominal. The sales of English
wheat the past week were 58,872 quarters at 37s
lOd, against 71,758 quarters at 43s 4d for the
corresponding week last year.
Died From a Knife Wound.
Galveston, Texas, May 19.—Colonel L. E.
Edwards, of Austin, widely known throughout
the southwest, died to-day from hemorrhage,
caused by a knife wound received in a personal
encounter with J. L. Wrenn, of Austin, three
weeks since. The deceased, at the time of his
death, was inspector general of the First division
of the Texas Volunteer guards. He came to
Galveston last Wednesday on business. While
on the street the freshly healed wound reopened
and three pounds of blood was lost before tho
flow was staunched. While the physicians were
laboring to stay the fatal flow in a neighboring
store, the colonel sat coolly smoking a cigar,
chatting to friends. The remains under a mili
tary escort staited for Austin this morning. The
post mortem examination showed the knife had
penetrated as far as the outer surface of the
stomach. The deceased was aged 43 years. Be
leaves a widow and two daughters. He earned a
brilliant record in the confederate service, and
afterward became one of the most successful
real estate agents iv Texas, negotiating millions
of aores te numerous syndicates.
ST. PAUL, MINN., TUESDAY MORNING, MAY 20, 1884.
The House Free Traders Ee
piuliate it by a Sweep
Free Necessaries of Life Wanted
Before Free Paintings
A Presidential Symposium—Blame,
Arthur, Edmunds, Payne, Til
den and Hoadly Under
Congressmen Get at Swords Points and Mis
Monograms and Monographs Like
The Hewitt-Oliver Canard—The Repub
lican Congressional Committee Af
ter "Ginger"Minor Wash
[Special Telegram to the Global
Washington, May 19.—1t was not expected
that the bill from the ways and means com
mittee by Mr. llurd to fix 10 per cent, on the
duty on all works of art, whether by native or
foreign artists, would have \iirred the house so
deeply as was the case to-day. As the law now
stands wares of art, painting, statuary and the
like, which are the product of American citizens,
are admitted free of duty, while the tariff act of
last congress imposed a tax of 30 per cent, on
works of art of foreign artists. The proposi
tion involved in the bill was to place all on the
same footing of 10 per cent., which it seems our
artists now study in/ at Paris, Rome and other
art centers, were anxious to concede as .in the
nature of a return for the courtesies extended by
foreign artists and foreign governments. All the
European galleries are thrown open free to Amer
ican art students, and it seemed a poor return for
j such courtesy that the United States should dis
criminate against foreign art productions by tax
ing them 30 per cent. But there were two sides
to this question. Works of art were esti
mated as articles of luxury, obtainable only by
the wealthier class, and certain members suspect
that the effect of this bill would be to cheapen
this luxury for the . benefit of those
able to pay for it; that the Yanderbilts, Goulds,
Belmonts and other millionaires would probably
prefer to purchase pictures painted by foreign
rather than American artists, especially the
works of old masteis, for which high prices
would be paid, and import them at the reduced
duty. These paintings were not within the
reach of the poorer classes, and, therefore, while
the taxes for woolen manufactures and other
necessaries of life were maintained at protective
rates it seemed anomalous to begin the cheapen
ing process with paintings and statuary. Mr.
Belmont, being the parent of this bill, did not
strengthen it in the eyes of pronounced free
traders, who, while they expressed a willingness
to reduce all duties, thought that the ways and
means committee had been inconsistent iv thus
recommending the passage of an exceptional
measure in lieu of accompanying it with more ac
ceptable propositions. The severe attacks made
on the bill by Dunn, of Arkansas, and Mills, of
Texas, caused it to be defeated by a very pro
ENTERTAINING: CONGRESSIONAL CALORIC.
/ The passage at arms between Scales, of Xorth
Carolina, and Sunset Cox to-day, ! relative j to .the
printing of additional copies of the census com
pendium and monographs of census material was
rather entertaining than otherwise. Sunset Cox
retorted upon Scales, who had accused Cox of
duplicity, by the quaint remark that Scales "was
dancing with his head and thinking with his
heels," which created quite a laugh at the Xorth
Carolina member's expense, A few well chosen
words, however, from Tillman, of South Caro
lina, settled the matter in favor of Cox's resolu
tion to print. He said that printing and circu
lating census monographs among the, people was
far more advantageous to the country tuan dis
tributing the small number of volumes allowed
each member. Some of the disputants got
things mixed by calling the publications "mono
grams" in lieu of monographs.
A CAKEFUL, PRUDENT, THINKING MAN.
Mr. Lyman, of Massachusetts, the representa
tive of high bay state culture, was interviewed
to-day upon the Republican situation. He sup
ported Edmunds" candidacy in the abstract. He
had originally been much prejudiced against Ar
thur because he had been educated in the
New York school of politics, which was a very
bad one, but since Arthur's incumbency he had
risen superior to this education. He wan a care
ful, prudent, thinking man, faithfully adminis
tering the civil service rules and keeping out of
the snares and entanglements of partisan politics.
Arthur had grown upon the country and deserved
commendation for his conservative administra
tion. Mr. Lyman explained that he could not
support Blame, because Biaine was aggressive.
Hispo^cy as president would be aggressive, and
he necessarily would seek to establish an ag
gressive support in congress, and he would be
subversive of party unity and make trouble.
COXKLING FOR BLAINE.
Hon. John B. Alley, of Massachusetts, has just
returned from a visit to New York, where he
talked with Conkling and Grant on the presiden
tial matters. Conkling said whatever would re
sult he hoped the convention would nominate a
"somebody." Nobodies had been heretofore
nominated and elected. • Blame was a "some
body" and represented a political force and had
a political following. This is regarded very signi
ficant of ConKling's preferences.
GEANT ON EQMCNDS.
Gen. Grant said, respecting Edmunds' candi
dacy, that if Edmnnds were elected president he
would be in a constant state of embarrassment
and he would be obliged, in the nature of things,
to approve of some bills passed by congress and
make some appointments, and this would be a
disagreeable duty. Of course it would em
barrass Edmunds to be obliged to please some
body. . .
PAYNE ON THE SITUATION.
A dispatch from Cleveland to the Bvculng
Critic says: "Gov. Hoadly said yesterday;
"I am for Tilden and the old ticket, and Payne is
my second choice." . -
"It is said Tilden is not a candidate?"
"Well, if he is, he is my man."
"It is also whispered that Payne is not a can
"Well, I don't know as to that."
•'lt has been remarked that you are among the
"Is that possible (with a smile)? Tilden and
Hendricks, reform and the Ohio platform are my
FREE TRADE AND TEXAS.
The Washington Post, prints the following:
"A Minnesota free tiade Republican could to-day
carry any congressional district in Texas against
a Pennsylvania protectionist, sailing under Dem
Says the Galveston Xews: "Hats off to the
gallant democracy of Texas."
ANTHONY'S RETIREMENT DENIED.
Major Ben Perley Poore, Senator Anthony's
private secretary, denies the reported resigna
tion of the senator. He said to a press repre
senative to-day: "It seems Senator Anthony
went to look after his newspaper business, which
had been left in a disordered condition by the
death of his partner. ■' I had a letter from him
yesterday, in which he says his health had im
proved, and he expects to return to Washington
very soon. Senator Aldrich, who ."returned from
Rock Island to-day, says he saw Senator Anthony
last Saturday, that he | was enjoying his usual
health, and expected to return to Washington in
a few days."
; TOR AMUSEMENT ONLY.
The statement that Mr. Hewitt has written a
letter to Mr. Oliver, of Pittsb nrg, Pa., . in reply
to the latter" criticism of Mr. Hewitt's tariff bill
that the charges in duties on metgls were in the
interest of Mr. Hewitt's private firm, in which
Mr. Hewitt replies that the changes recom
mended by the tariff commission with which Mr,'
' Oliver was connected were in the interest of Mr,
Oliver and his firm, is denied to-night. The
published letter is said to be a canard gotten up
TUB REPUBLICAN CONGBESSIOXAI COMMITTEE
have called a meeting to-morrow, in connection
with those members of the Republican national
committee who are in the city, for the purpose
of consultation on an alleged important subject.
It is supposed that raising money is the impor
tant question to be discussed, aud rich members
are expected to draw their wallets promptly.
HAS THE ATTHOIUTY.
It is stated at the treasury department in re
gard to the proposed purchase of 4 per cents
that there is no question as to the authority of
the secretary to make such a purchase. In case
the bonds had declined much below 118 last week
the secretary would have considered it his duty
to invest the balance due the sinking fund and
surplus revenue in them, as in so doing there
would have been a large saving over the invest
ment in 3 per cents at par. In addition to the
authority conferred by the sinking fund act con
gress has expressly clothed the secretary with
necessary power, in the act on page 604, supple
ment to the revised statutes.
[Western Associated Press.]
Washington, May 19. —The failure of the
friends of the McPuerson.bill for the prevention
of the further contraction of the currency to se ,
cure a hearing in the house to-uay has Oiled them * ]
with apprehensions that it will b<f impossible for
them to secure forcible action upon that measure
the present session of the McPherson bill. The
bill which passed the senate is on the speaker's
table with fifty bills ahead of it, and the substi
tute for the Wilkins bill is reported from the
hous^e banking and currency committee, which is
identical in its provisions with the McPhcrson
bill aud holds and equally unfavorable position in
the house calendar. Neither cau be reached this
session except by unanimous consent or by mo
tion to suspend the rules, which can only be
made on the second Monday of the month.
It is not at all probable
that unanimous consent can be had to fix a day
for the consideration of either bill and the man
ner in which the banking and currency commis
sion was deprived of a hearing to-day, almost
convinces the friends of the bill, it will not re
ceive the necessary two-thirds vote to suspend the
rules, if they should get an opportunity to make
such a motion on third Monday of next month.
A motion to adjourn was made to-day when the
banking and currency commission was reached,
mi call of commissions was made by Morrison.
Mr. Wilkins, who has charge of the bill in ques
tion is one of the Ohio Democrats who voted to
strike out the enacting clause of the Morrison
tariff bill, and he and some of his associates look
for continued opposition on the part of Morrison
to their bill, and the fear of this opposition will
prevent the consideration of their measure this
He Thinks Lincoln is The Dark Horse
And Speaks Well of Arthur.
If Blame is Nominated There Will be no Bolt
ing, He Says.
He Says Tilden Has the Inside Track
Among Tlii' Democrats.
•» | Special Telegram to the Globe. I
Chicago. May 19.—Emory Storrs, who return
ed yesterday from the east, was asked by the
Globe correspondent what the feeling in Wash
ington was as to the strength of the different
"I left Washington two weeks ago and there
fore cannot tell you the last, but you cannot get
any true idea of the real situation in Washington.
Every second man you meet there has an axe of
some kind to grind, and sees things as his selfish
interests dictate. If you want to get down to the
bottom facts yog have got to ..•, anting the real
business men of the country. When you go
among the business men of New Yojk, or Phila
delphia, or Boston, or Chicago, and get their
views, then you can tell something of the real
feeling that exists. *
"Well, how did you find things in New York,
and the east generally?"
"Blame has great seeming strength, but I
think any one remaining either in Washington or
New York for any length of time, and who is
unprejudiced, will see that there is a great and
powerful feeling in favor of Arthur aud beyond
all question, in my opinion, the prominent dark
horse is Mr. Lincoln."
"To what do you attribute Arthur's gro Wing
"I do not know that it is a growing strength.
Perhaps it is more a pub i: development of
strength that rests in a great measure in the ap
preciation oE the wisdom and good sense of the
administration. The general feeling is that the
entire interests of the country have been wisely
and conservatively manged and in a way which
has not excited any personal
animosity. I think that that
feeling for Gen. Arthur will steadily grow. One
thing is very clear and that is, as between Gen.
Arthur and Blaini!, the independents, so.called,
arc going to vote for Arthur. There is also, as I
have discovered, no feeling whatever in the east
of a hostility :o Gen. Logan that will be dauger
ous. There is no disposition to bolt him, and if
he were nominated he would receive the full party
vote of all tho eastern states."
"Do you think that any of the candidates al
ready mentioned will receive the nomination on
the first ballot?"
"I have not the slighest idea that any of them
will. It is to be a free convention and delegates
aae going to vote at this convention when it
comes to the final vote for the man they think
the fittest. There is less of tire machine in this
national convention than ever before and more
freedom of action. Mr. Blame has a tremendu
ous popular following. It is enthusiastic and
earnest in the last degree. While Mr. Blame is
not my second choice I have the
highest admiration for the man, and
have no sympathy whatever with
the threatenings to bolt, in the event that he is
nominated, which is going round. 1 would say
here that bo far as my poor services are con
cerned, inthe event he is nominated, he would
have no more earnest advocate than myself.
This honest and fair difference of opinion pre
ceeding and during the convention, and the
hearty recognition of the result when it is
reached will, I think, be a great feature of the
Republican national convention of 1884."
"What is the currant gossip east concerning
the Democratic nominee?"
"If Tilden is alive he will be nominated. Jt
is true that he can hardly move a step. He can
not lift his hand to his head, but his nomination
is something of a sentiment with the Democrat
ic party and it is the only thing in the nature of
a sentiment they nave had in twenty-five years
they have to cherish it as a man with only one
pair of pants. He may decline the nomination,
and in that event he will not be the nominee
but if he accepts the democrats are going to put
him up before any man whom they have yet
"Will he accept ?"
"If he is nominated he will accept. He will
be careful about that. He will not go through
the farce of being nominated and then decline 0"
"Is there any frnth in the report that he has
already positively refused to be a candidate?"
"I do not believe it. Ido not know anythin"
about it, but I do not believe it."
"Will the recent financial flurry have any
"I don't think it will, except to rather induce a
very conservative feeling aud a desire to have a
quiet, conservative influence at work. The panic
was not sufficiently extended to work any disas
trous results politically."
"What was the feeling about the extent of the
panic in New York?"
"I am inclined to think it wont go much fur
ther. It seems to me it will not. The feeling
there was that the worst was about over I don't
think it will have any detrimental effect on the
general trade of the country."
St. Petebsbubq, May 19.—The festivities in
celebration of the czarevitch attaining his ma
jority were resumed to-day. The czar, accom
panied by Prince William of Prussia, both on
foot, attended the military review. The czare
vitch received the diplomatic corps of embassies
at Anitchkoff palace. The czar and czarevitch
afterwards drove in an open carriage and unat
tended to where a state banquet was given The
health of the czar and czarevitch was drunk
amid salvos of artillery. The state ball was
given in the evening, and the streets again bril
So-Called National Convention Held
at Chicago Yesterday.
To Declare That Wool Can't be Grown for a
Chicago, May 19.—The national mass meeting
of the wool growrrs of the United States was
called to order at ten o'clock this morning, one
hundred and thirty-four delegates being present,
fifty of whom were from Ohio and thirty-eight
from Pennsylvania. Twenty-one states and ter
ritories are represented. J. S. Codding, Kansas,
was elected temporary chairman. A committee
on permanent organization was appointed, after
which was a recess. The committee on perma
nent organization reported Columbus Delano, of
Ohio, for president and R. T. McCully, of Mis
souri, secretary, and a list of vice presidents from
the wool growing states. The report was ap
Mr. Delano in taking the chair.sketchedthe im
portance of. the wool industsy of the
United States, and the necessity of
united action for the protection of that interest.
He said the development of wool growing began
with the passage of the wool tariff of 1876, and
the result had been the reduction of the price of
wool to the manufacturer, lie urged the neces
sity of constant work until the restoration of that
tariff was secured and politicians brought to
terms. He urged the existing danger and finan
cial ruin pending over the nation, and held that
a tariff for revenue was free trade, and was dan
gerous to the country.
The committee on resolutions made a report,
which, after speaking of the injustice inflicted by
the act of congress of March 1883, went on to de
clare that even by the census returns
returns for 1880 were 1,020,000
flock masters, and that there is no state
where this industry is not pursued, that the pro
duct of wool for 1883 reached 330,000,000 pounds,
and in value more than §100,000,000, and that
the value of mutton resulting from the sheep
slaughtered 'for food over 550,000,000. That
sheep husbandry is an important factor in the
prosperity of other agricultural pursuits, be
cause of the utility of sheep in fertilizing the
soil and replenishing exhausted, lands; so that,
if abandoned or seriously diminished, our entire
system of agriculture will be embarrassed. Our
capacity for the production of meats, bread and
other articles required by our civilization would
be seriously diminished, and our great prosper
ity impaired. We cannot afford to en
danger a great agricultural pursuit
which adds each year §150,000,000 to the na
tional wealth, having invested in real estate not
less than 500 millions of capital and which con
tributes so extensively to the nations prosperity.
That the act of 1883 in reducing the duties on
foreign wools, has seriously injured, and if con
tinued, will in the future diminish if it does not
destroy the production of wool and sheep in the
United States, and this assertion we sustain by
these facts. The report then goes to show that
the clip of 1883, caused loss of over $16,000,000
to wool growers compared with 1882, and pre
dicts a much greater loss for 1883. It says, the
climate and conditions in Australia will compel
American producers to abandon sheep raising
for pursuits. It is therefore
Mesolced, That we will organize as wool grow
ers and sheep breeders, and co-operate bymeaus
of our national association, to be aided by state
and county associates, and in this way and all
other legitimate methods, do all in our power to ■
restore the wool tariff of 1867 or its equivalent
on wools, and cause to be repealed the unjust,
unwise and unequal legislation of 1883, reducing
the duties on wool and woolens.
Resolved, That in doing this we will, without
any reference to former political affiliation, rec
ognize our friends whenever and wherever we
iinu them, and the polls will sustain only such
men and such party organizations as are ia favor
of protecting and encouraging and sustaining
the sheep husbandry by restoring the wool tariff
of 1807 or its equivalent.
Resolved, That we favor a wise and compre
hensive system of economic legislation the best
calculated to foster and develop all American
industries that can be profitably pursued by the
people, whereby employment may be given to all
laboring classes, not at the prices paid to the
laboring poor of foreign nations, bnt at such
wages as will secure such educational, religious
and social privileges, and such physical comforts
as the free men of this free nation arc entitled to
and ought to enjoy.
Besotted, That we repudiate the doctrine of
free trade as a fallacious and impracticable
theory, sustained largely by the money of foreign
capitalists, who desire the control of our
markets for the sale and consumption of goods
produced where labor is cheap and money
abundant, and we regard as unworthy of re
spectful consideration the theory of those manu
facturers who claim that raw material should be
froe, while their fabrics are protected. We ask
with emphasis, why the labor required to pro
duce wool is less worthy of protection than the
labor at spindle and loom, where the fabrics of
wool are produced.
The Farffo Southern Booming.
[Special Telegram to the Globe. 1
Fahoo, Dak., May 19.—A telegram was re
ceived here yesterday stating that v rumor was
current in St. Paul that the Fargo Southern had
sold out to the Mauithba road, but the officers'
here said there was not the slightest foundation
for the report, and the Fargo Southern was in
better condition to buy the Manitoba road than
the latter the former. Over one-half of the
track is already down for the Fargo Southern,
five of their own engines are here, passenger
coaches are on the way, a large depot is being
built at Ortonviile, and June 1 the largest passen
ger and freight depots in Fargo will be com
menced here for the Fargo Southern road, and
the organization has the money in the bank to
pay for all of these improvements.
Cairo, May 19.—The rebels have captured the
magazine at Abu Hamed and virtually possess
the town. The rebels are advancing npon Kor
osko, and a general alarm is created. El Mahdi's
emissaries are welcomed everywhere. Admiral
Hewett arrived at Adowa on April 26th. The
inhabitants refused to supply provisions, owing
it is believed to the intrigues of the French and
Oreek consuls. King John sent an envoy to
Hewett, and promised to visit him soon. Two
hundred rebels bombarded Suakim to-day for one
hour. Two of the inhabitants were wounded.
The rebels carried off 1,000 sheep. The British
troops landed and the rebels were forced to re
Suez, May 19.—A French man-of-war arrived
here with presents for King John, of Abyssinia.
London, May 19. —Strong drafts of Marines
will be sent to Egypt.
He Lost His Money.
G band Rapids, Mich., May 19.—Alex White,
who committed suicide at Sherbourne, Nwe
York, this morning, inherited §30,000 two years
ago, and this, added to the comfortable sum
earned in the creamery businss at Sherbourne,
put him in possession of 8125,000 cash, with
which he went into Wall street, with the result
that last October he settled with his Sherbourne
creditors at fifty cents on the dollar, and came to
this city with $13,000, the remnant of his for
tnne, and opened* commission office. lie made
$4,000, but a few days before going to Shcr
bourne, again lost $3,000 on Wall street specu
Prohibition Protection Party.
St. Louis, May 19.—The Prohibition home
protection party, met in convention here to-day,
and elected thirty-two delegates to the national
convention at Pittsburg. They nominated an
electoral ticket, but postponed the nomination of
a state ticket till August 19, to which date the
convention adjourned to meet at Sedalia. Reso
lutions were adopted endorsing the platform of
the party passed in Chicago in 1882, declaring in
favor of equal suffrage and wages for women
with men, and denouncing the liquor license
laws as a copartnership with criminals, a com
promise with crime.
The Blair Roads.
Chicago, May 19.—The preliminary meeting
of the directors of the Blair roads in lowa and
Nebraska was held here to-day. It was agreed
to recommend the lease or these roßds to the
Northwestern. The annual meeting of these
roads will be held on Wednesday and Thursday
at Cedar Rapids, lowa, and Friday at Fremont,
Arthur for President.
Leatenwobth, Kb., May 19.—The Leaven
worth Times publish a statement in the morning
that letters have been received in this city and
state within a few days from both Senators
Plumb and Ingalls, saying, they are favorable to
nomination of Chester A. Arthur for , Republican
candidate for president,' on the ground that he is
strongest man named, and that he is j certain to
carry New York. It is now believed that Arthur
will have fully one-half of the Kansas eighteen
votes in the Chicago convention.
Capt. Dalton and Jim Goode Have a
' Mill in Chicago.
Chicago, May 19.—Four thousand peoble wit
nessed the fight at battery D armory to-night be
tween Jim ■ Goode, English pugilist, and Capt.
Jim Dalton, Chicago. i The fight was with small,
soft gloves, five rounds Queensbury rules. : The
first round was give f and take without apparent
advantage for either. In the second Dalton made
a stout rash and fought his opponent all over
the platform for a time.but Goode rallied and had
rather: the '■ best of it for : the rest' of the
round. In the third and last round Dalton made
another rush, and putting in heavy blows,'knock
ed Goode down, and off the stage, between ropes
giving him a slight push as he went over. When
Goode came up again, Dalton renewed his rush
ing tactics and amid great excitement in the
struggle at close quarters brought Goode down
in the corner again, and as he lay upon the plat
form, Dalton struck at him. Witnesses differ as
to ■ ' whether . • or ' ; not he hit i him:
The -. fight was renewed and by r a
swift rush and the propelling force" of
his body,; rather ' than by his blow
bore Goode down between the ropes, and - taking
hold of his ankles, assisted his fall to ' the floor
below at the the same time dealing a kick in 'his
direction, the on-lookers again differing as to
whether Goode was hit. j Goode's backer claimed
foul. Whils Goode was climbing back upon
the stage, Tom Chandles, referee, gave the fight
to Dalton, on the ground that Goode was not on
the stage in time, while the time keeper, Mike
McDonald, claimed the necessary ten seconds
had not elapsed. . Goode showed the most pun
ishment after the fight. Parson Duvies was
minister of ceremonies. •;
A NEGRO BRUTE,
Who Attempts Criminal Assault on
' Three Girls, But is Lynched. '-/.'.:'
Dekison, Tex., May 19.—About 9. to-night a
negro attacked two young girls, daughters of a
prominent citizen, . and attempted to outrage
both, but they succeeded in breaking from his
grasp and escaping. Continuing his course up
street the villain then attacked a servant girl,
whose cries brought a policeman. A fight en
sued. The negro was badly beaten, and is be
lieved to be shot, notwithstanding which the
negro downed the policeman with a rock and es
caped. Over 200 citizens are now scouring the
town and. suburbs in the search. ' A certain
lynching awaits the negro if captured.
The two young ladies assaulted were Alice
Hanna,aged 15, and a daughter of Judge Gilbert.
The former received a severe gash on the fore
head and her eye was badly injured. The latter
was struck in the side with a knife, which struck
her corset . stays, saving her life, but
making a flesh wound. Annie M. McGowan,
the servant girl assaulted, was not injured.
About 11 o'clock the negro was traced to
Taylortown, ■ a negro neighborhood. After a
struggle he was captured and carried to jail, a
mob following.- Near midnight the mob increas
ed and threatened to burn the jail. - The officers
became alarmed and asked fifteen minutes to get
the other prisoners out. The fifteen minutes ex
pired and the mob clamored. The officers asked
further time. Suddenly a man boldly pushed
his way through the door, axe in hand, and
appeared before the _ cell occupied by
the terrified negro. A few blows battered down
the door, the negrow was pushed out within
sight of the crowd, and shoved from the eleva
tion. ■ Befere the victim reached the ground his
body was riddled with bullets, ■ and •he expired
without a struggle. The crowd continued in a
state of great excitement, threatening vengeance
on other prisoners. .The officers finally pursnad
ed the crowd to desist and be satisfied." Quiet
was restored at a late hour. , .
\^=> l> —
TBS LITTLE BOY
Had his Mother bought his
trousers with the CAVALRY
KNEE at the Boston One-Price
Clothing Housa, St. ■ Paul, they
would not be in the condition il
lustrated above. Pieces for
patches and the Cavalry Knee ac
company nearly ail our Child
ren's Suits. Our Knockabout and
Wear-Resisting Suits at $5 will
outwear suits that . cost two and
three dollars more. Shirt Waists
25c, 50c, 75c and SI.
KILT SUITS, :
': TOURISTS 1 SUITS.
• Our Hat and Cap Department
is the largest in the state, and we
mase prices about 20 per cent,
below exclusive dealers. Stet
son's, ; Fedora, Youman's, Hub,
and an immense line of Straw
CLOTHING : HOUSE,
Corner TMrAani Robert streets,.
.. .- v ST. PAUL.
, TROTTING STOCK AUCTION.
AtPublic Auction, WEDNESDAY, JTJNBII,
■EalaßßHp^ ISB4, rain or shine, at
»%,•' ; . .*''.' *S A ■■■- ■"' JSMJBm Adjoining the city limits of St. Paul, Minn.,
' ■Hls|BßfiMvV<*. BSjBHa ' b* Coin. N. W. Kittson, Chas. A. DeGraffand
' hQ)9 George W. Sherwood, about TO head of high
vSpMHPP^^raH Hifl bred Trotters, consisting of yonng Stallions,
■"'BH^"'- '-■■•v". i MH Witt Fillies, Brood Mares and Geldings, sired prin-'
'■-.' < I -,; 'JHmll.i -—. • TtifTO- M cipally by such , noted stallions as Smuggler,' \
: r'' -.r^j- -'-Ja-jVtf/^p i=s«^- Volunteer, Peacemaker, George Wilkes, Yon
,^^^HS^ Lt ; i;' I&>—Z- '"-^^^^3l^^Pk Arnim, Blackwood, jr., Alexander, Baymont,
j^Ks^fc^Jji^^^^-, - 1^~ ~ Indianapolis, Belmont, Administrator, Blue
J^"^*% Bull, and Kavenswood.
v^^^pfltf^^" "^"^Wii^.. Terms of Sale—Cash
■ , ~^~Tir "i^^^B^j^^S**^—^^ Sale to commence at 10 a. m. sharp. Send
i nil "^'^ef^f^lSSt^f^^l''^'- — '**" for catalogue, toi>. V. WOODMANSEB,
:. • r. ,; -. '■": "'■ ; .;' St. PauL ilinn.
MUSICAL INSTRUMENTS. '
And can prove to oar patrons and the public, that
the Pianos and Organs which we offer for sale,
EXCEL ALL OTHERS :
Of both American and European manufacture in
Power, Purity, Length and Sweetness of Tone, ■
leaving nothing to be desired.
And IT A TOES PIANOS, never fail to give perfect
satisfaction and are by all means the most desiia
ble instruments to obtain. '
' A fine assortment of Uprights and Grands we *
are now offering upon favorable terms.'
ST. PAUL AND MINNEAPOLIS.
N. B.—New Upright Pianos for rent, ana rent
payments applied if purchased.
MRS. M. C. THAYEE,
418 abashaw street.
Sohmer and other Piahoes, New and Second Hand.
New England, Smith, American, Bay State and
Everything in the line of Musical Merchandise,
at lowest prices and best terms. 130-ly
For Pianos & Organs
For Easy and Best Terms,
For Catalogues and Lowest Prices,
For Agencies and Territory. Address
C. W. YOUNGMAN,
115 B. Seventh street, ST. PATH,.
GRAND OPERA HOUSE.
One Week, commencing Monday, May 19.
Engagement of the Popular Tragedian
Supported by a Specially selected Company under
the management of Mr. W. E. Hay den.
TO-NIGHT, - - - Richelieu.
"Wednesday Ev'g, " 21, Hamlet.
Thursday Evening, " 22, Julius Gesab.
Friday Evening, " 23, Macbeth.
Saturday Matinee......... .The Lady of Ltoks.
Saturday Evening, last ap- ,
pearance of Mr. Keene...EicHAßD HI.
Seats now on sale at box office. Usual prices,'
Grand Oratorio Night!
Thursday Evening, May 29, '84
250'^sBf SINGERS \ : *
And Grand 40 MUSICIANS!
Orchestra of %\) MLMtlAjb I
SIGNOR A. JANNOTTA...... Musical Director.
— Sale of seats commences on Thursday morning,
May 22d, at 9 o'clock, at'R. C. Munger's music
store, 107 East Third street.
Admission $1. Reserved seats Si.so.
ft Paul AM* Cli
AT WHITE BEAR, MAY 30,
DECORATION DAT. ■ '
830 O-OO IN PRIZES.
100 yards in heats championship gold medal of
Minnesota 120 yards hurdle race, Ist prize elabo
rate silver medal, 2d, silver. cup; Quarter mile
championship of Minnesota, Mayor's cup, value
$40; 1 mile championship of Minnesota, Marvin
cup, value §40; 3 mile handicap walk, the Barnes
cup, value $40; 5 mile handicap race, Ist prize,"
valuable silver medal, 2d, silver cup; Putting the
shot, Ist prize silver goblet, 2d, silver cup; Vault
ing with the pole. Ist prize, silver tankard,2d, sil-;
vercup; Tug of war teams of four, valuable':
championship' medal; Throwing the LaCrosse
ball, prize silver cup; Running long jump, prize
silver cup; Running hop step, prize silver cup;
Sparring four rounds, prize elaborate gold medal;
75 yards fat man's race, to weigh over 200 lbs,
Sack race 50 yards and return, prize silver cup:
Grand LaCrosse match by St. Paul LaCrosse Club;
and grand cricket match, St. Paul vs. Minneapo
lis. The above sports are open to amateurs only.
Entrance fee to each event 50c; all entries must
reach the manager on or before May 21. :
129e0d JOHN S. BARNES, Manager -
GEORGE W. GETTY,
EOW BOATS AND OARS FOR SALE.
WHITE BEAR, .... MINK.
The most Elegant Blood Purifier, Liver Invigora
tor, Tonic, and Appetizer ever known. I The \ first
Bitters containing Iron ever advertised in Ameri
ca. Unprincipled persons are imitating the name;
look out for frauds. See ' :/Ct- yfT) *- «\.~ j
that the following signa- ' rnJf~&Wef •*'*S
turo is on every bottle and A^jylr/MI //~f '""*'
take none other: /¥vst^i l/U yy\
ST. PAUL, DUNN, . C< Druggist & Chemist