Newspaper Page Text
YEAR S BUSINESS REVIEW.
Bradstreet* Tells t**e Storj of the Most
Prosperous Yenv iii Our History
Bradstreet's of December 30th will
Nineteen hundred and five was a
3rear. of almost boundless activity in
trade, industry and speculation. It was
? period of - rich rewards to agricul
- 'taire, though not of uniformly record
Arfelds; of abundance of employment
f?r labor, and of very few serious
Strikes; of building and constructive
-activity in all lines; of enormously
enlarged bank clearings tolals, and of
strikingly small failure damage, con?
sidering the immense business done
and the unprecedented number en?
gaged therein. That it was, on the
-whole, a year of heavily increased
public purchasing power seems cer
in view of the fact that commod
prices were maintained at record
levels. It was a year of peace in
3aational affairs, and the country cer?
tainly has no cause to regret the ef?
forts of its highest officer to bring
peace to warring sister nations. While
spared the social unrest visible in
me foreign nations, it may be said
tb some comfort that it was a period
of morai awakening likely to be pro?
ductive of much good to the nation,
because of the pitiless arraignments
of dishonest financial and political
practices in the court of public opin?
The multitude of. records broken
shows that new guideposts have, in?
deed been set up. The revival which
began io the last half of 1301. far
from si?ending its force, as ?var often
predicted in the early part of ISO5,
grew as the year advanced. True,
there was a period of hesitation-a
breathing spell, as it were-in the
spring of the year, but this was a
-pause to get a clearer view of the ul?
timate crop yields and to enable the
business world to take new bearings.
Thenceforth the commercial, financial
and industrial'movement surged for?
ward, weather drawbacks and dis?
closures of financial rottenness in high
places failing to stem the upward
trend. Disregard of precedents was,
perhaps, best illustrated in the persis?
tent advance of securities despite high
money prices, and the tendency to
discount prosperity was irresistible.
Some Details of Trade.
The momentum given business by
the booking in, 1904 of three to six
months' orders *^>r 1905 he'.ped carry
industry actively 'through a very s?
Tere winter, which saw traffic con?
gested, new business retarded, collec
lions impaired and fuel supplies re?
stricted. Low temperatures, however,
favored a thorough retail distribution
of seasonable goods, and heavy rains
and snows improved a low conditioned
.winier wheat crop. Good March
?weather expanded trade rapidly; cot?
ton prices reacted from the lowest of
the year, thus helping southern trade;
foolish reports of cotton burning were
early disproved by Bradstreet's; rail
"way embargoes were lifted; record
iron and steel outputs occurred; fail
"are liabilities decreased, and Brad?
street's reports pointed to $600,000,
-000 worth of bulding contemplated.
Trade and collections during April
were excellent, but the collapse of thec
J?ay wheat deal, with resulting bank
"failures, affected securities prices;
?wheat quotations already weakened
"by good crop prospects, receded, and
Iron, coal and coke likewise declined,
insurance disclosures and a long spell
of rainy weather were also depressing.
Setter weather in June improved ce?
reals; higher cotton prices, influenced
by reduced area sewn and good de?
mand for the balance of the immense
crop of 1904, restored southern activ?
ity, and the last half of the year's im?
mense trade development was inaug?
urated. Six month's figures of iron
production broke all records; so did
those of clearings, building and for?
eign-trade. Trade displayed less than
ordinary midsummer quiet, ample im?
petus being furnished by predictions
of immense cereal yields, though win?
ter wheat did not maintain full prom?
ise, and rust damage, investigated but
miaimized by Bradstreet's agents,
slightly curtailed the spring-planted
crop. Fall trade began early. South?
ern trade, hurt by yellow fever and
resulting quarantines, was stimulated
by cotton steadily advancing on crop
reyyovts, too much rain in the South
?west and intense demand for manufac?
tures. Securities rose despite harden?
ing money rates; manufacturing was
active in all lines; iron, which touched
bottom in July, began to advance, as
did also coke; labor was scarce; ce?
reals were gathered free from frost
damage; coarse grain exports expand?
ed, wheat and flour dragging behind,
and distributive trade was the best ev
=er known. In September car short?
ages began to affect traffic and collec?
tions, clearings reached new high fig?
ures, while failures and liabilities for
nine months were below 1904. Lifting
of Southern quarantines gave zest to
Southern trade, which was further
helped by high cotton quotations when
the movement was heaviest. In the
last quarter open wreather favored
outdoor activity but retarded retail
trade, which was also hampered by
farmers holding grain and cotton, and
the car congestion, which likewise de?
layed collections. Stock speculation,
though lacking marked public partic?
ipation and displaying manipulative
influences, wfs of large volume at ri
ord prices, despite high money i
fluenced by active trade and disturb
foreign markets. Iron and steel 01
puts advanced; ore sales, dearin
and staple prices all scored high lev?
I in December. Repeatedly during t
year Bradstreet's monthly price ind
. showed gains above all previous yeai
and the sustained strength was a
i tested by the fact that the index nur
Iber (revised) was $8.3014 o? Decer
j ber 1, the highest point in 14 years,
per cent, over January 1, and 45 p
cent over the iow level in July, 189
Wholesale buying quieted toward tl
close and seasonable goods felt the h
fluence of mild weather, but sprir
orders exceeded any previous recor
and holiday trade in volume and val;
fittingly crowned a record-breakir
Cotton and Wheat Speculation.
The cotton and grain markets wei
scenes of excitement, with cotton fig
uring most extensively throughout an
finishing at nearly the highest price
of the year after beginning at the lo-w
est; whereas wheat, highest in Feb rt
ary, found a low level near the clos
after a rally from an extreme dedin
in the early summer. Cotton bega
the year at 7 cents for middling up
lands, but on successive reports c
reduced acreage, bad weather, heav
rains, fine consumptive demand, an
later heavily reduced estimates o
yield, rose by remarkable jumps, wit]
some reactions, to 12.60 cents, th
highest price being touched in Decem
ber, following the government estim?t
of 10,167,000 bales, contracting win
a commercial crop last year of 13.
600,000 bales and an actual yield o
probably 14,100,000 bales. Reactio:
later lost part of the advance, but i
is still 4 1-2 cents above December
1904 Exports for the year break a!
records in quantity and value owing
to the large old crop -and good price:
paid and today the South is more pros
perous than ever.
An era^ of scarcity, high prices, anc
predictions that the United States hac
ceased to figure as an exporter, came
to an end with the next to record
wheat crop of this year. The bulls,
tempted by the strength of the cash
demand, overstayed the market, and
suffered defeat in the early slump of
March, and the collapse of the May
eption in April.' Cash wheat at Chi?
cago touched $1.24, the highest point,
in February; fell to 86 1-2 cents in
May, and receded further to 77 7-S
cents in August on good crop reports.
The year closes with cash wheat at
87@88 cents, against $1.18 at the
opening. Corn was lowest in January
-i2 cents-and highest in May
64 1-2 cents--but has not lost much
strength since, despite the large crop.
Oats were highest in July-34 1-4
cents-and lowest in September-25
cents. The coarser grains developed
a good export demand, but wheat,
which had almost disappeared from
export trade last spring, and, to a less
extent, flour, lagged' behind, Russia,
Canada and Argentine competing with
America in foreign markets.
Crops and Foreign Srade.
Record corn and sugar and next to
record wheat yields were features this
year. Hay and oats yielded largely,
while potatoes, barley, rice and cotton
Financial Records Favorable.
Though expanded by active stock,
wheat and cotton speculation, bank
clearings reflect in the main immense
growth in trade and industry. Month?
ly totals since October, 1904, have
been in the tens of billions, successive
high records being struck in March,
November and December. Every
month but May showed increases over
the best previous totals. Failures, few?
er by 3 per cent, than last year, are
only 4 per cent, more numerous than
in 1903, despite the larger number in
business and the immense increase in
activity. Liabilities, though swelled
by numerous financial failures, due,
apparently, to unsound or worse bank?
ing methods, and not to weakness in
the general situation, are 16 per cent,
less than in 1904, and smaller than in
any year since 1902, which they ex?
ceed by 20 ncr cent.
Labor and Industry.
Industry was unprecedentedly act?
ive, while labor, conservatively man?
aged, was busily employed; strikes
were few, and the number rendered
idle was the smallest for three years.
Pig-iron production broke all records
with a total of 23,000,000 tons, a S:>
per cent, gain on 1904. Iron-ore ship?
ments aggregate 34,000,000 tons, a
gain of 56 per cent on 1904 and of 25
per cent, on 1902 record. Cotton and
wooien goods manufacturing was ac?
tive despite very high prices of raw
material. Easterrr*''shoe shipments,
even though prices of hides and leath?
er were very high, aggregated 4,975,
000 cases, a gain of 7 per ct-nt. on
1904, 3 per cent, under the 1903 rec?
ord. Anthracite coal shipments ex?
ceeded the 1904 record by 8 per cent.,
and bituminous coal, though dull mid?
way in the year because of oil and gas
competition, probaly saw the largest
output ever recorded, as did furnace
coke. Copper production broke all rec?
ords, and exports were clos.- to the
highest. Railway gross earnings, the
largest on record by 7.5 per cent., in?
creased over 1904 in every month save
February when adverse weather re?
tarded operations. ,
If satisfaction with the past and j
How Gowan's Pneumonia Cor
When yon have a conga or a pain in the cht
dangerous. Most of the deaths in winter begin ju:
Wherever your .cold is centered, there yon nu
throat. Now when yon take an internal remedy i
wrecks yonr digestion and never gets to your langi
Gowan's Pneumonia Cure is external. Itpenetr
soothes at once the irritated Kings or throat. It <
monia-all cr? germs. That is, it makes the tangs
READ THESE 1
** I will spars no pains to eal! the attentio
*' Mrs. J. B. GILL, S a perin ie ad eat Ma
" I hare used Gowan's Pneumonia Cure,
world. I feel sore it savad my motber'i Iii? 1
" P. O. LSAS, with Lilpfert-Scalei Co
Gowan's is powerful, but also harmless. It ii
mother should keep a bottle in the house. Cure yo
relief-sure cure in Gowan's. Large bottle, $:.oo;
GOWAN MEDICAL <
confidence in the future are at all re?
liable guides, 1906 is likely to equal,
if indeed it does not surpass, the year
drawing to a close. The volume of
orders booked ahead exceeds any pre?
vious year in the country's history,
and high prices as yet seem to exer?
cise no effect cpon consumptive de?
GREGGS* HISTORY REPRINTED.
Tlte Annals of the Pee Dee Country j
Republished by The State Company.
Through the efforts of the Pee Dec
Historical Society, which was organ?
ized a few years ago with a member?
ship from the counties in the Pee Dee
section of South Carolina, Greggs' His?
tory of the Old Cheraws has been're?
printed by the State Company, of Co?
lumbia, and it is now on the market, j
Greggs' History is the most valua- 1
ble and interesting of ail the histories ,
Sealing with the settlement and devel- j
opment of South Carolina. This his- ? "
tory of the "Old Cheraws" relates to j ;
the Pee Dee section exclusively, but | I
is so many families now scattered j
throughout the State had their origin j .
in the Pee Dee, it has an interest for ! .
South Carolinians and their descend- j 1
i-.its wherever they may be found. ' .
Bishop Gregg gave years of study and ; .
*esearch to the preparation of his his- ! j
tory and from the day of the publica- ' '
:ion of the first edition to the present '
:ime it has been recognized as author?
itative. For many years it has been
>ut of print and copies of it have been
nuch sought after. The reprint will
supply this long felt want of students
>f history. But apart from its inter?
est and value to students it is a book
Df value to the general reader and no
South Carolinian's library is complete
The volume just issued is an exact
reproduction of the text of the origi
lal edition, illustrated with excellent
?alf-tone pictures of Pee Dee scenes
md portraits of famous men. It has
ilso a valuable addenda prepared un
ier the direction of Col. J. J. Dargan,
secretary of the Pee Dee Society,
vhich gives in a short space a great
leal of interesting information rela
ive to the Pee Dee country.
It is the purpose of the Pee Dec
Society to issue in the near future a
second volume, supplementing Greggs'
History and bringing the record down
:o recent times. Colonel Dargan is
low at work on this volume, and he
lopes to complete it at no distant day.
Deafness Cannot Be Cured
Dy local applications, as they cannot
-each the diseased portion of the ear.
There is only way to cure deafness,
md that is caused by an inflamed
condition of the mucous lining of the
Eustachian Tube. When this tube is
nflamed you have a rumbling sound
)r imperfect hearing, and when it is
mtirely closed, Deadness is the result,
md unless the inflammation can be
aken out and this tube restored to it^
iormal condition, hearing will be de?
stroyed for ever; nine cases out of ten
ire caused ?>y Catarrh, which is notti?
ng but an inflamed condition of the
We will give One Hundred Dollars
"or any case of Deafness (caused by
:atarrh) tb*.? cannot be cured by
rlall's Cata; in Cure. Send for circu
F. J. CHEXEY & CO., Toledo, O.
Sold by Druggists, 75c.
Take Hall's Family Pills for consti?
pation. 12 lS-lm
When the tax books closed in
Charleston December 80, 99 per cent.
)f the city taxes had been paid.
*For any disease of the skin there
s nothing better than Chamberlain's
Salve. It relieves the itching and
turning sensation instantly and soon
affects a cure. Sold by all druggists.
The Granby Stone company has been
?rganized in Columbia with a capital
stock of S30.000.
?Foley & Cc, Chicago, originated
Honey and Tar as a throat and lung
remedy, and on account of the great
merit and popularity of Foley's Honey
md Tar many imitations are offered
for the genuin.-. These worthless
Imitations have similar sounding
names. Rewan- of them. The gen?
uine Foley's Heney and Tar is in a
yellow package. Ask f<>r it and re?
fuse any substitute. ii is the best
remedy for coughs and colds. Du?
IS EVERY TIME
.e Cures Colds, Sore Throat,
of them IDs that Come
the Reasons Why
ist, your cold is settling there-and this ls rery
st this way.
ast apply the remedy. Either on your chest or
t has to pass through the stomach. Often it
i at all.
ates-goes right in to the seat of thetrouble, and
casts oat the germs of cold, consumption, pneu
strong to cast these germs out.
n of my friends to this valnabl? medicine
le Orphan Asyl'iii, Richmond, Va."
and I think it is the best medicine in th?
., Wiaston-Salem, N. C."
i an absolute safeguard against croup. Eyery
.ur cold, cough, chest pains-to-day. Immediate
croup size, 25 cents. Sent by mail, if desired.
CO.? Durham, N. C.
Why Brand Was Promoted.
Tbe new honors for R. A. Rrand. so
well known in Atla- ts as rhe popnlar
and efficient general freight agent of
the Atlantic Coast Line,S*as the topic
ot general discussion in railroad cir?
cles. That his every promotion was
on account of his own ability and
hard work was proved in the state?
ment made by one cf the highest of
the Southern Railway official's yester?
day. He said that Mr. Brand, who is
still a young man, regan his railroad
career in Sumter, S. C. He was a
very young man at that rime, r;r.d ex?
ceedingly anxions to sr^r into tLt? rail?
road business. He was ? conn tr v t ov,
and going into Sut; ter, be w nt to the
station agent and told bim h^ **nted
to ?et a job, and proved fcin.srjf ca
pable of holding a good clerkship.
The agent replied by saying that he
had no opening at that time. Mr.
Brand stated thar be was not looking
for any opening, and that all he want?
ed tn do was to go to work, and he
said it in such a way that the agent
was sorry, but realized that lie must
do something to get rid of this per?
sistent young roan, and told him th at?
tn ere wasn't a thing aimless it was tc
handle, a trnck as a common laborer.
Mr. Brand replied that bis ambition
jnst at that time was to become the
general agent and motive power of
that unuseu tiuck, and asked where it
was. The agent showed him, and get?
ting hold of t!ie business end. Mr.
Brand remarked that it was exactly
the s z* he liked best and fitted him
Such was his start, and. it wasn't
iny time before he was the best truck?
man, in Sumter, and was doing odds
md ends around the statiou besides,
ind finally got a chance to help the
3lerk out when he was hard pushed.
In this way he became familiar with
more than his own duties by borrowing
those of the man above and helping
bim whenever he could afford the
time, and thanking him for th? privi?
lege. Such energy is never wasted in the
railroad world, and he was soon a clerk
and finally station agent. Then he prov
?d himself capable of better things and
went into the traffic department of the
Doast Lice, and u=ing the same tar-tics
was constantly promoiea until now he
?tand> at the top and is probably fa?
miliarizing himself with the duties of
1 v ce president. At least this is the
opinion of some of his close friends
tf?o live in Atlanta who insist that he
tv as capable of anything except stand?
ing etill - Atlanta Constitution, Dec.
For Infants and Children.
Hie Kind Yeo Have ?iwajs Bought
Mr. J. Q. Little has been elected
nayor of Gaffney.
)anger of Cold and How to Avoid
*More fatalities have their origin in
>r result from a cold than from any
>lher cause. Ibjs fact alone should
rake people none careful as there ?.?
io danger whatever from a cold when
t is properly treated in the beginning,
l'or many years Chamberlain's Cough
Remedy has been recoginzed as tho
nost prompt and effectual medicine in
ise for this disease. It acts on na
ure's plan, loosens the cough, relieves
he lungs, opens the secretions and
.ids nature in restoring the system to
i healthy condition. Sold by all drug?
O?N T BE SEPARATED.
Sonie Sumter People Bave
Lea;ru5d How to Get Bid of
Backache and kiduey ache aro twin
Yon can't separate them.
And yon can't get rid cf ihe backache :
inti) yon cure tnc tndrey ache.
Lt the kidneys are wei: anet strong, the
?eft of tn? system is pretty sure to be in
Donn's Kidney Pills make strong,
E. McCloud, farmer, residing on the out
?kirts of Sumter says: "Both tay wi?eand I
ised Doan's Kidney Pills procured at i)r. A.
r. China's drug store, and obtained a lot of
jonolit from them. I thought it must be the
.l?mate which did not agree with us or the
irater, for we never had the backache until
ve moved here some four years ago from
Pennsylvania, but we certainly have had it
?ince. Tiie secretions from the kidneys were
rregular and much too frequent In action,
?specially at night when our res: was much
listurbed. Since we used Doan's Kidney
?Mils neither of us lias had the backache and
he a.-lion of the kidneys became natural and
tonnai and our rest is not disturbed at
light. Donn's Kidney Pills are the l>esi rem
?dy ihat ever came into my house."
fc'or sale by all dealers. Price 50 cents. :
Fostcr-lMilburn Co., Buffalo. N. V.. sole
igents for the United States.
Remember the name-Doan's-and take no
The Dalzell Mercantile Co.
For your Fruit. For Fruit Cake.
Christmas at hand. Call for Xmas
goods. Full line Toys, Candies and
Dealers in General Merchandise, Dry Goods,
Groceries, Notions, Shoes and Hardware.
Cake chocolate for baking. Jello, Evaporated Apples,
Evaporated Cream, Genned Oysters, Peaches, Toma?
toes, Columbia River Salmon, etc.
Fresh Fish and Oysters every Saturday at
in i lilts!!
flore Horses and Mules and Better
Horses and Mules.=
Two carfully selected carbsds just in. They are right, the
price is right and they need selling badly.
A full line of Buggies, Wagons and Harness always on hand.
I sell the celebrated MILBUEN WAGON.
A. D. HARBY.
October the 17th,
Two Ca,!* Loads
Four Matched Pairs
of Horses in the Lot.
A FAIR PROPOSITION. '
If you have PROPERTY FOR SALE, it is my business to
sell it for yo;?. But in order to make the sale, I must have the
matter in-business shape.
Write me for V- s< ri pt ion Blank, sign the contract on the
back of same an?! teluro to me. If the price given is reason?
able, I will advertise and sell the property for you.
The contract I wish you to sign is as follows :
The State of South Carolina,
County of Sumter
?.hereby list for sale the within described property with R. B. Belser
'or a period of.months from date and authorize him to negotiate a salo for same at
he rato of.dollars per aero or.dollars for the whole property.'on
onus as follows:
And further agree that durin? the period herein above mentioned. I will not offer the
;aid property to any one at a price lower ?van that above specified, nor on terms more favor?
able than above authorized, and that J will refer all applicants to R. li. Belser; Provided it
s understood and agreed, that I shall have the privilege of revoking the authority above
ronferred after having given thirty days written notice of such intention: but no attempted
withdrawal will be effective undo.- this agreement without such previous notice.
And further, in case of sale made oy R. B. Boiser, or through any agency employed
>y lum. whether through por>onal solicitations, by advertising or otherwise; or "if he has in
liiy way enntri buted to a saleof said property, even though concluded bv myself. I a:rree to
>ay to said R. B. Heiser, as compensation for his services in affecting the sale. _per
rent, commission on the purchase price for said property, to be paid to him immediately up
m the receipt of the first installment paid in by the purchaser of the said property.
Witness my hand and seal this.day of.190
In the presence of:
I HAYE DEMAND for several NICK FARMS, E.g. : A10
iiorse farm in high state of cultivation in good community.
?iARSY BLG COURTSQ
R. B. BELSER
REAL ESTATE BROKER
PHONE NO. 309.