The Texas Miner, Volume 1, Number 50, December 29, 1894 Page: 3
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THE TEXAS MINER.
The immediate business situation is indicated by the following
straws:
The dry goods market has had a sensation in the dropping of
lonsdale and similar bleached shirtings i cent a yard, and Bliss
Fabyan & Co. announce an auction sale next week of 27,000
rases of bleached, brown and colored goods without reserve.
This probably reflects the low price of cotton and means that a
still lower range of prices for cotton goods will rule. Groceries
more steady, without material change in prices, although sugar,
both raw and refined, is easier. Boots and shoes are a little less
active owing to makers asking an advance of from 2 1-2 to 7 1-2
cents a pair, but shipments still continue far in excess of last
year, being 135,899 cases for December thus far, against 93,592
for the Same period last year.
The produce markets are without large changes. Wheat 1-2
cent lower, closing at 60.50; corn 1 cent lower, closing at 56.50;
cotton unchanged, at 5.75; pork slightly easier, closing at $13.25
per barrel; coffee 1-4 cent lower, closing at 15.75. The prices of
these staples a year ago weie: Wheat, 66.75; torn, 45.50; cot-
ton, 8 cents; pork, $14.50, and coffee, 18.25.
Silver is lower, closing at 27 7-8d in London and 60 7-8 cents
per ounce here.
In the industries iron furnaces continue libeial outputs, with in-
creasing stocks and lower prices. Cotton and woolen mills fairly
busy. Railroad earnings are 1 per cent, less than last year, and
8.6 per cent, less than same period in 1892.
Wall street has been feelicg more cheerful during the first part
of the week, but the export of $3,800,000 gold to-day has had a
depressing effect on prices of stocks. Money rates continue easy,
notwithstanding the reduction of bank reserves by the Govern-
ment loan to $32,345,825 surplus. Commercial failures con-
tinue to increase, being 349 in the United States for the week,
against 339 same week last year. F. B. T.
OUR WASHINGTON LETTER.
[Special Correspondence of The Texas Miner.]
Washington, D. C., Dec. 24, 1894.
a confession of weakness.
THE ease with which the plan was defeated to force the cur-
rency bill through the House before the holiday adjournment
has largely increased the number of those who doubt the passage
of any currency bill at this session. The abandonment of the
original bill and the reporting of a substitute was a confession of
weakness that has also strengthened the opposition. In addition
to the Republicans and Populists, the bill has many Democratic
opponents, among them such parliamentary fighters as Bland of
Missouri, chairman of the coinage committee, who thus states his
opinion of the substitute: "The changes are evidently designed
to overcome objections, but they do not overcome the one vital
objection to putting the currency issues of the country into the
hands of the national banks. No change short of eliminating
national banks of issue will make the bill approach an acceptable
form. In my judgment it is not going to pass the House. I am
not prepared to say that my substitute providing for issue of coin
and coin notes directly by the Government will pass, but it will
certainly be urged with vigor, and I have no doubt of its com-
manding a very substantial support."
the friends of the currency bill
have not decided what their plans will be when the House reas-
sembles January 3. Many of them, left Washington before Presi-
dent Cleveland returned from his hunting trip, and Secretary Car-
lisle preferred to consult his chief before advising them. It is
generally supposed that a Democratic caucus will be held as soon
as the House meets again, and that an attempt will be made to
bind those who attend to vote for the currency bill that shall
finally be approved by the caucus, after voting on any proposed
amendments.
doesn't like it a little bit.
Representative McLaurin of South Carolina doesn't like the
Administratiou currency bill even a little, and, unlike many Dem-
ocrats who are of the same opinion, he speaks right out. He
says, among other things, against the bill: "This bill is filled
with pitfalls and quagmires, as are all the financial measures
which have passed Congress since i860. This is not Secretary
Carlisle's bill. That gentleman is simply the stalking horse for
Wall street. It bears the made trade-mark of that locality,which
is beginning to be recognized in all parts of the nation." Mr.
McLaurin closed his speech with an earnest plea for the free
coinage cf silver.
carnegie at washington.
Andrew7 Carnegie was in Washington when Congress adjourned
for the holiday recess. He came to make sure that Secretary
Herbert had succeeded in his efforts to kill the resolution which
was passed by the House for the removal of certain armor plates
from naval vessels and their subjection to tests in order to as-
certain whether the charges made in the testimony before the
House committee on naval affairs, during the investigation at the
last session, were true. Secretary Herbert had already told the
Senate naval committee why he did not wish the resolution
passed by the Senate, but there must have been some uncon-
vinced Senators, or Mr. Carnegie would not have honored Wash-
ington with a visit.
FORT WORTH RAILWAY NOTES.
Fort Worth, December 24, 1894.
Editor of The Texas Miner :
Messrs. Jamison and Grogard of the Union depot telegraph
office are laying off during the holidays.
The Texas & Pacific and the Cotton Belt handled a majority
of the holiday travel for the Eastern states out of Texas this sea-
son.
The Missouri, Kansas & Texas is making some extensive ad-
ditions to its yards and tracks at Taylor. A large gang is grad-
ing for the new tracks.
A committee of engineers of the Missouri, Kansas & Texas,
who have been at Denison several days settling a grievance, have
accomplished their mission and departed for their homes.
The Missouri, Kansas & Texas will commence at once on its
new extension from Henrietta to Wichita Falls. This will give
the people of Wichita Falls the much desired competing line.
Trainmasters Bethard and Sullivan of the Missouri, Kansas &
Texas at Denison will open a school for the instruction in stan-
dard rules on Wednesday morning, January 2, 1895, to continue
Tom White of the T. & P. shops at Marshall, while working
Friday afternoon, was struck on the head by some timbers, in-
flicting a painful scalp wound. He was taken to the hospital
and his wounds attended to.
Hon. Robert Martin, President of the Kansas, Oklahoma &
Southwestern, has returned from Europe, where he floated the
bonds of the company, and the road will be built at once from
Coffeyville, Kan., to Vernon, Tex.
The Missouri, Kansas & Texas is pushing work on
its roundhouse and yards at Hillsboro, where it expects to move
its division from Alvarado. This work has been at a standstill
for several months, but will now, it is said, be pushed to a finish.
two days in each week until all trainmen, enginemen, yardmen,
operators and dispatchers running into or located at Denison are
fully instructed. The school will open at 9 o'clock a. m.
Wednesday, January 2, the first week of the new year, then
Thursdays and Fridays.
The Texas & Pacific has found it necessary to abandon its
new waterworks, put in at an expense of $20,000 a few months
since, on account of the water in the Trinity river being so low
and so foul from the sewage from the packing house. As soon
as we have rain again they will be able to resume use of this
water.
The Texas & Pacific has issued a circular cautioning its em-
ployes to use great care in reporting the new Texas & Pacific
Coal company's cars, and not get them mixed with the Texas &
Pacific Railway company's cars of the same numbers. These
cars of duplicate numbers of the T. & P. railroad have already
caused much trouble in the car accountant's office, and all em-
ployes are cautioned not to omit the "Coal Co." part.
The Texas & Pacific has issued a circular requiring all em-
ployes of the transportation department to have their watches
inspected every thirty days, and have them compared with stan-
dard time every seven days. Those who have watches which
will not pass inspection are given until February 1 to secure
standard watches. J. E. Mitchell, Fort Worth, is named as
chief inspector, and "local inspectors will be appointed at all divis-
ion stations. Ajax.
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McAdams, Walter B. The Texas Miner, Volume 1, Number 50, December 29, 1894, newspaper, December 29, 1894; Thurber, Texas. (https://texashistory.unt.edu/ark:/67531/metapth200497/m1/3/: accessed April 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Tarleton State University.