Historical Newspapers of South Carolina

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TIE OOTTO? HARKET. Cotton Prices Drop Thirteen Doi . lars the Bale. Sowsfaii of Selly, the hew York Leader af Bell Forces, Announced and Frenzy Seizes Cotton Exchange. New York, March 18.-Daniel J. Solly, the cotton operator who has for 15 months been the biggest figure in the cotton markets of the world, and who has '"bulled'- cotton from 7 cents a pound to over 17 announced his inability to make good his engage? ments on the New York cotton ex? change, today. Within a few moments cotton fell nearly $13 a bale from the . highest figures of the day. Scenes such as followed the an? nouncement of the failure it has been the privilege cf few brokers to. wit? ness before. Traders in the street . nave witnessed stock panics , in pre? vious years ; corners have been broken and many crashes have been recorded; but none has been accompanied by ?ach frenzy and confusion. While there had been no premoni? tion t>f the impending crash, no morl? ing of the session bad witnessed a more ' demoralized market. In tess than 10 minutes after the opening half a cent had been taken off .the price of cotton. ] Prices went up and, down, 20, 20 and 30 points within two and three minutes. May opened at" 15.25 and ?old down ' to 14.75 in less than 15 minutes, while July, opening ac 15.22, went down tc 14. S?. Toward the end . of the first half hour early sellers started to cover and there was a rapid advance. There was nothing in the news to account for the excitement. 34 seemed merely a renewal of bear operations and the catching of further atop orders. Shortly after the afternoon session, ^however, there was alni! ia the pit and at about five minutes after 2 o'clock the announcement of the sas pension was made by Superintendent Sing, who read from the rostrum this notice: *:'We regret that we are unable to --meet our engagements and therefore will have to suspend. - ^'?aniel ^ Sully ? Co. " QUIET WAS OMINOUS. -ominous quiet over the floor as though the news had stunned all within hear? ing ofcth&anBwteenaent. xhen wita tx? impulse a mighty shout went up from the bears, they who had been lighting Sully and the Dull clique for months? r imi* were- thrown into c the ?ir X^:?St^?ietk^^oi??? a moment later to -be 'trampled upon by the stampede for the pit. Coats were torn by ?rantic brokers in their mad efforts to unload their holdings, and chairs and camp stools were dashed into the jit to emphasize some* wild broker's offer to -sell Messengers soon were Tushing in and out. of the building with orders to sell or buy ; telephone booths were besieged and telegraph offi ces were flooded with dispatches. Outside the cotton exchange appear . anees gave little indication of the pan? demonium within until the messengers began to rush between the exchange and the brokers' offices. Soon the news reached the stock, produce and coffee exchanges, and traders on these - markets hastened to the scene of the panic. Crowds assailed the entrance 90 the visitors' gallery, but a double guard was placed at the doors and admittance was refused to all but. those accompanied by members. ^Xi was estimated that something* like -three-quarters .of a million bales of -cotton were traded in during the 20 minutes of the panic that followed the announcement, and that of this up? wards of half a million bales rep resent? ed "forced 'liquidation," or the selling ont of- men whose margins have been nearly er quite wiped out AB the market slumped 250 points during this period the loss falling on this element amounted to something over $1,000,000. - THE MARKET STEADIER. The market steadied after about 20 ?iaotes and then there was a sudden upward shoot of about an even hundred jsents. This sharp rise brought about by the buying of brokers and specula? tors who saw that the- market bad ?Jumped toe far and would react jost mm it did. Part of the excitement on ino floor of the exchange was caused mf the scramble of brokers who want? ed jost such bargains and had to fight to get in the ring to get them. The buying rush was almost as exciting and just LS noisy, if not more so, as the panic. The announcement of Sully's suspen? sion was put on the tickers everywhere ?ithin a few moments after it was made and there was somewhat of a ?arry on the floor of the New York jsteck exchange after the news reached -there. Mr. Sully ?s a member of that ??change, having purchased a seat two or three months ago. Stocks went off from half a point to a point and one Juif on the fear that the failure might haag a rush of stock selling there. 3Dbe weakness was only momentary, nowever, for the word was passed ?round that Sully had not been trad? ing in stocks and, .in fact, that the "-clearing house sheets bad never shown -? ?ingie transaction by bit- The market WM reassured and stocks went ?p again. iipon the announcement of the fail ?re the representatives of the news ^papers hurried to see Mr. Sully for the p?rpese of getting some statement 3fif. Sully, however, shut himself in Isis private office and would not be -sees.* Shortly after 3 o'clock Sully ?mit into conference with counsel and iater Edwin Hadley, Jr., of Provi? dence, K. I., one of the members pf Sha firm sent ont a message by the -secretary which read : "'No statement of any kind or de? scription? Mr. Sully directs me to say, ?all be given out from this office to? day. Possibly a statement will be ?ady early Saturday morning." 3tr. Eadley-later was quoted as stat -imjg that the firm would pay its debts full and the suspension was doe to impossibility of meeting demands large sums of money due the Solly from European sources sums that quick slump in the market made ?aybale too quickly for them to be able 4ocaeet Mr. Sully left his office at 4 o'clock. VARIOUS EXPLANATIONS. 3UI sorts of explanations were made Jae ibo suspension. One of the reasons giren waa that the New Orleans bull jarty bsd s?k! cotton while Sully was Smiling is ia the confidence that they i were supporting bim. Another was [ that Sully following in the market, j had sold their long cotton without ad j vising with him. From two well in ! formed sources came a denial that i there was any treachery from New ! Orleans. A cotton operator with New Orlenas connections said that the bull party there was still bullish on cotton. Another account, that came from one of the six or seven best known cot? ton operators in this country, was that the bear party had made a deliberate and well planned attack to overwhelm Sully and had succeeded The bears according to this author? ity, had figured out the weakness of Sully's position due to immense hold? ings of spot and contract cotton and on his operations on the. Liverpool market, and planned an attack on the market that would carry it down jase far enough to make it impossible for Sully to meet his margin calls, know? ing that his failure would send the market so much lower that they could cover at figures-to recoup them. No definite idea of Sully's commit? ments in the cotton market could be got from the other houses in the cotton trade. One estimate was that he was "long" of 300,000 bales of May cotton alone. A good authority stated that he did not believ? that Sully was '.long" of more than that inthe whole market, and a -conservative estimate made, in another source was 400,000 bales. The loss by Sully's failure in case he cannot settle, it was stated today, was- divided,up among nearly all the brokers on the exchange. One esti? mate was that Sully's owings after a settlement under the rule of the ex? change would not exceed half a million dollars. What Sully has personally lost or what his backers have lost in market operations is not included in this figure. What Sully will owe will be found by deducting the average quotations of cotton today from the figure to which his accounts were margined down to the last call. This will be determined tomorrow of course. There were no other announcements of failures and leading men in the cot? ton market declare that there need be no fear of trouble? NO FAILURES IN:NEW ORLEANS. New Orleans, March 18.-The an? nouncement of the failure of Daniel J. Sully, the "cotton king" of New York, created the, greatest, panicle ver seen on {fie'floor of the New Orleans cotton exchange. Prices melted away, until they were |8 and $*0V;bale lower than yesterday's close, "and every moment the fear-was that local firms would go to the wall. When the panic was over and the commercial integrity of the local coW a trade was found intact a great sigh of relief went up from the room, although scores of small opera tora were wiped out and heavy - longs had lost fortunes. On the "?Vronsr Tack. A young man in New York was deep? ly impressed with the beauties of Free? masonry ?nd after considerable effort mental ?nd otherwise, had^tted him? self for the ceremony of initiation into the order. He had heard of the "goat" and the "gridiron" ?nd many other things connected with the first degree and was prepared to be surprised at nothing. In the course cf his first even? ing at the lodge ho stepped cn a lack, which stuck into his foot RIKI pi vc; him considerable. p:>ia. lie said notb?mj and made no effort to remove ii. pain? ful though lt was. Two hours later, wttn it sewn?d to him thal there v.*r?s noiliiijg more to como rn the way' ci initiation, lr? asked if ho might take the tack out of his foot. His sufferings were not ameliorated when he was told that the tack had nothing to do with the ceremonies.-Now York Pest. He Wa? Sot Lacoste. John Morley in his life of (?hrd^one tells the story of the statesman's ex? amination for admission to Oxford uni? versity when he was ? youth. The ex? aminer, having utterly failed to floor the candidate on some point of the? ology, said. "We will now leave that part of the subject." "No, slr." replied the candidate; "if you please, we will ' not leav? it yet." and proceeded to pour forth a fresh stream. The dean in Mr. Gladstone's day was Gaisford. famous among other things for his trenchant brevity. "This laconic gift." observes Mr. Morley slyly, "the denn evidently had not time to transmit to all cf his flock." Thc Girl of (he Netberlnnd*. The Dutch giri does not enjoy any? thing like the ?mount of freedom granted to her English or American sister. She is a very carefully chap? eroned young person, and when she goes to the theater it ls with her elders, not merely with a friend or two of her own age. At the dances she attends, songs, recitations and music for the entertainment of the elders ferai a part of the regular programme, and the chaperons sit at tables socially enjoy? ing their coffee or other refreshment*, while the young folk glide over the waxed floor to the strains of the latest waltz. Dutcftv maidens have to make the best of their opportunities of amusement for when it pleases their parents to ?eek the quiet of home they must meekly accompany them. In their country the ides nf a girl heiug unchaperoned at a dance in siot to be thought of-at any rate, not yet-^ex? change. CfeMp Sxevstai Bates Tia South? ern Saliva?. The Southern Railway announces the fol? lowing very low excursion rates to the fol- I lowing point?: Sumter to Dallas, Texas, and return ac? count General Aa-tmbly Cumberland Presbyterian Church May 19, io 27. 1904. tickets OQsale May 15 to Hs with Anal limit returning May 31st, 1904. at the very low rate of |&9?. Sumter to Chicago, 111., and return, account General Conference A. M. E. Church, May 2 to 31, 1904. Ticket?* on sale April 29 and :*, and May I, 1904, with final limit May 10. at the very lew rate of 12b. 50. Limit may be extended to June 10, 1904. sumter to Los Angeles and San Francisco, CaL, account Generi.1 Conference M. E. Church and National Association of Retail Grocers of U. S, May 3 to 31, 1904. at the very low rate of f?5.03. Tickets on sale A prll 22 to 30. with final limit June 30. ?904. "The Southern Railway Offers most con? venient schedules with Pullman Sleepers and Southern Hallway Dining Carson all through trains For full information apply to any Agent Southern Katlway, or K. w. Hunt. Division Passenger Agent. APPLE BHAMPA6NE. Germans aire Making Wine of an American By-Product. A carions feature of Europe has been the large sale on the continent in the last few months of the evaporated pro? duct for winemaking purpose*:. The shortage of the grape crop in France has led to a corresponding scarcity of wine and the peasants and others of the poorer classes unable to buy the native wines, have been forced to fall back on the dried apple crop. From what are Known in the apple trade as chops, or apples cnt up and dried, the peasants make a cheap drink which is said to have satisfying properties a^d to furnish a very fair substitute for the wine pressed from the grape. A New York exporter who has sampled this beverage says of it: "It's a sort of apple champagne or beer, and it's not bad either. The natives make it by putting the dried apples into a barrel or tub of water, adding a quantity of yeast and letting the mixture stand for a week or so "By that time it's good and sharp and ready for drinking. It's to the Frenchman about what cider is to our American farmers? aud they smack their lips o\ver it just as if it was the seal thing. " Several hundred carloads ot dried apples have been sent to France for this use since last fall, and fresh ship? ments are going forward every week, the fruit costs about 2*o cents a pound in New York, and the~freight to toe other side is only one-quarter cent more, so that thf Frenchman who wants a cheap substitute for the native wine gets it. . "The Germans also make an inexpen? sive wine from dried apples; but the practice is not so general with them as with the French, and the exports of American dried apples to Germany are therefore more limited. A good many hundreds of tons of dried apple cores and skins have been sold in Germany markets this year for use aa a basis for certain jams and jellies. ' ' The great bulk of all apples shipped abroad both fresh fruit and evaporat? ed, comes from New Fork State. Wayne county in the western end sup? plies most of the dried apples made in this country, there being no fewer than 2j OOO evaporators at work there every fall. The same county also furnishes a large' share of the best fresh fruit marketed at home or abroad. " Zngrettfoixfl 5TrIndle In Curios. Ifbg jc?aze for antiques and curios ls responsible for some ingenious swin? dles, but it is doubtful if many could surpass^ that--/'which - victimized an American vroman traveling abroad who wh?jg* ?? Holland purchased some al Ieg??v Dujtehr pottery which proved on close 'examination to be common gran? ite, ware made in America* in odd shapes and decorated in Dutch fashion to De sold in Holland as antique cook? ing utensils. American enterprise is frequently en? countered in various ways in Europe, as, for instance, the experience of an American gentleman in London who . bought a pair of rubber overshoes in a London shoe shop which were unusual? ly satisfactory. On examining them preparatory io buying another pair be made the discovery that they were manufactured in Providence, R. I., by* an American firm, although they were sold as English rubbers or "gums." The fact is well known that there is a considerable industry in the manu? facture of so called Egyptian scarabs in America which are sent to Egypt to be sold to unsuspecting tourists as gen? uine antiques.-t?oston Transcript. Eskimo Tastes. There is certainly no accounting for tastes,-and surely the strangest is that of thc Eskimos. Tallow is their candy. It is pur up in bright red packages made out of the feet of waterfowl. The women cut off the red feet of this bird, which is called the dovekie, draw out the bones and blow up the skin so as to make pouches, which they fill with the reindeer tallow for their little folk. None of the food that the Eskimos eat seems very inviting to us. but they are extremely fond of it and are very apt to overeat. It is said t>y explorers who bave gone.into Greenland.that lt ls no uncommon sight to see an Eskimo man who lias eaten an enormous meal of the raw. frozen flesh of the reindeer, seal or walrus lying on his back and eating blubber until he cannot move. RYDALE'S TONIC ? A ?!?AL CURE POA MAGARZA. It has rer?ntly been discovered that the germs t??ut produce Malaria, breed and multiply in the intestines and from there spread throughout the system by means of the blood. This fact ex? plains why Malaria is hard to cute by the old method of treatment. Quinine, Iron, etc., stimulate the nerves and build up the blood, but do not destroy, the germs that cause the disease.' Rydale's 1 onie has a specific effect j upon the intestines and bowels, freeing them from all disease breeding mi? crobes. lt also kills the gerrns^ that, infest the veins and arteries. It drives from the blood all poisonous mattel ind makes it rich and healthy. RYDALE'S TOXIC is a blood ?uilder, a nerve restorer, and a Malani flestroyer. Try it, it will not disap? point you. _ _ N. G. Osteen, Jr., SURGEON DENTIST, OFFICE : No. 18 W. Liberty St, (Over Oeteen's Book Store ) SUMTER, S. C. Office hours, 9 to 1 30 ; 2 30 to 6 C. P. O steen, M. D. No. 18 W. Liberty St., (Over Ostecn's Book Store), SUMTER, S. C. Hester's Cotton Statement. New Orleans, March 18.-Secretary Hester's weekly cotton statement, issued today, shows for ' the 18 days of March a decrease under last year of 125,000 bales, and a decreasejunder the same period year before last of 93,000. For the six months and 18 days of the season that have elapsed the aggregate is behind the same days of last year 250,000, and behind the same days year before last 164,000. The amount brought into sight dur? ing the past week has been 123,115 bales, against 151,703 for the same seven days last year, and 149,523 year before last. The movement since September 1st shows receipts at all United States ports to be 6,593,998, against 6,871,924 last year : overland across the Missis? sippi, Ohio and Potomac rivers to northern mills and Canada' 831,724 against 909,859 last year; interior stocks in excess of Chose held at the close of the commercial year 270,959, against 187,737 last year, and southern mills taking 1,327,000 against 1,304,502 last year. v 'The total movement since September last is 9,023,681 against 9,274,022 last year. Foreign exports for the week have been 59,984, against 161,384 last year, making the total thus far for the sea? son 5,098,816, against 5,559,521 last year. The total takings of American mills, north, sonth and Canada, thus far for the season have been 3,219,033, against 3,077,553 last year. Stocks at the seaboard and the 29 leading southern interior centres have decreased during the week 25,520 bales, against a decrease dnring the corresponding period last season of 106,357. Including stocks left ovsr at ports and interior towns from the last crop and the number of bales brought into sight thus far for the new crop, the supply to date is 9,191,480, against 9,? 489,-096 for the same period last year. Why Hood Left \ashville. An old pleasantry worth repeating feintes to the experience of General Hood, who in great: haste left Nash? ville on one side of the city as the Fedora! troops were entering upon the other. His colored servant, being captured, was asked why General Hood Left in such a hurry. "Ah." he said. "Massa Hood didn't think he could do hisself justice in this city." Boston Christian Register. Gclde i.o Beauty. She-I have two very dear friends Agues and Florence. He-Which is the more popular? "Oh. Agues is much more popular than Florence among the girls." "Introduce me to Florence. I am partial to good looking girls."-Kansas City Journal. CASTOR IA For Infants and Children. lae Kind YOB Hare Always Bought Bears the Signature of How to Make Money. Agents of either sax should today write I Marsh Manufacturing Co., 538 Lake Street, Chicago, for cuts and particulars of their handsome ALUMINUM CARD CASE with your name engraved on it and filled with 100 Calling or Business Cards. Ev? erybody orders them. Sample Case and 100 Cards, postpaid, 40c. This Case and 100 Cards retail at 75 cents. Iou have only to show sample to secure an order. Send 40c. at once for case and 100 cards before some one gets ahead of you. . Sept 16-8m ^*f$?^$^?\ SO Y SARS" Anyone sending * sketch and description mar quickly ascertain oar opinion free whether an invention as probably patentable. Communica? tions strictly confidential. Handbook on Patents sent free. Oldest acer.cy for securing patents. Patent? tajeen '-through -Munn & Co. recelrc special notice, without charge, in the Scientific American. A handsomely illustrated weekly. Tersest cir? culation of any scientific Journal. Tornas. $3 s rear : four month* $L Sold by all re?-H deniers. $W & Co.38""-**"- New Tort GUN IMP LOCKSMITH. I take pleasure in giving no? tice to my friends and the pub? lic generally, that, having re? gained my health, 1 have re? opened my shop, and am ready to do any work in the line of Guns, Locks, Sewing Machines, <fec. Prices reasona? ble, work done promptly and satisfaction guaranteed. Shop removed to No. 22 West Liberty street, two doors from Osteen's Book Store. . R S. BRADWELL. THE STATE OF SOUTH CAROLINA. 0OUVTT 07 SX7HTZS. By Thoa. V. Walsh, Esq., Probate Judge. Whereas, Dr. Richard B. Forman made suit to me to grant him Letters of Adminis? tration of the Estate of and effects of McDonald Forman, deceased. These are therefore to cite and admon? ish i*l! and singular the kindred and creditors of the said McDonald Forman, late of said county ard state,deceased,that they be and appear before me, in the Court of Probate, to be held at Sumter C. H., on March 80th, 190*, next, after publication thereof, at il o'clock in the forenoon, to show cause, if any they have, why the said Administration should not be granted. Given under my Hand, this 15?h day of March, A. D., 1904. THOS. V. WALSH, March 16-2t Judge of Probate. BT THE NEW KIND OF CHEW lilli THAT WON ENOUGH CHEWERS ?PHI IN A YEAR TO MAKE ?H SWEEP-STAKES IiiT THE LARGEST COMPETITIVE BRAND IHHPg OF SCHNAPPS TOBACCO. ?CRACK GOES THE WHIP ? IN COME THE ORDERS ^^^^\^ ^ 'SELLS THE VERY BEST GRADES OF ^ FERTILIZERS / \RS^ ? AT THE VERY LOWEST COSTS Jp ^ / It pays to fertilize your k**ds w??n X THE VIRGINIA-CAROLINA'' CHEMICAL COMPANY^ J | PRODUCTS. ( I I BOLD EVERYWHERE, P TIS IlIBIIII-EHIUn The Virginia-Carolina Chemical Co, -1IIHL?I1 EiMPSH J CHARLESTON. S. a -* "The Largest {' Manufacturer of | -~v\^? Fertilizers on Earth" \ I * ^^S???^^^ Forty odd I \ ?0^r^=ss^m~^^7jk^\iS Manufacturing plants ? J* S^^W}^{ ? Wholesale purchasers ? -^^&Z? (i y A Viii Largest importers ' ^^^i^^^^^^sd^^^^v Concentration of ( ^"^"^^^ Management We have another Car Horses and Mules. We are also selling BUGGIES, WAGONS and HARNESS almost J?L COST. The usual stock of Lime, Cement, Fire Brick, Flue Pipe and Builders' Supplies generally.' DIXIE STALK CUTTERS. We have secured the agency for these cutters in Sumter county BOOTH LIVE STOCK CO. GENUINE PERUVIAN GUANO, NITRATE OF SODA, fl URI ATE OF POTASH HARBY Are Headquarters. WHISKEY I MORPHINE I CIGARETTE | ALLDHUCAKDTOBACCO HABIT. I HABiT. i HABIT. I HA BIT?. Cured by Keeley Institute ot S. u 1329 Lady St., (or P.O. Box 75) Columbia, S. C. Coufideutial correspondence solicited.