. . E EE AV E Em.
GOOD THINGS TO COME
Financial Conditions Are Sound and
Confidence Prevails.
' LARGE suns OWED ABROAD.
:educed Demand In Some Industries.
Combinations In Steel and Iron.
Trying Situation In Textiles.
The Failures of the “reek.
New YORK, May 9.—R. G. Dun & Co.'s
weekly review of trade says:
That exports of 35, 000,000 gold this
week have produced no monetary disturb-
ance is at once proof of the soundness of.
financial conditions and of the prevailing
confidence in better things to come. It
does not matter whether the gold is re-
quired for Russia or anywhere else; it
would not go from this rather than other
countries if there Were not balances to be
met. Foreign exchange discloses the fact
that large sums are due abroad, and se-
curity balances have been insignificant
for some months. Undervaluations of
goods, in some classes checked, continue
in others‘ and materially swell balances
payable. But home money is in better de-
mand and more easy to get, and greatly
irreproved commerical settlements have
their natural efiect in greater freedom of
commercial loans. Talk of foreign affairs
has no influence, and the decrease of 10.2
per cent in imports here against 4 per cent
in exports indicates that merchandise
operations are calling for smaller pay-
ments in settlement of balances. Domestic
exchanges are barely 5 per cent larger than
last year, but 19 per cent smaller than in
1893, when business had begun to shrink
. on account of the panic.
Much of the hesitation at present is due
to temporarily reduced demand in some
industries,'and in iron and steel the power
of the new combinations is being general—
ly tested by refusal of orders, so that pro-
duction exceeds consumption, but con-
sumption exceeds new buying. The gen-
eral irregularity of prices and slackness of
demand for finished products do not pre-
vent the marking up of prices by combina-
tions, but are largely due to doubt whether
such prices as are fixed can be maintained.
Pig iron is weaker at the east and also at
Pittsburg, and most finished products are
woaker with remarkably narrow demand.
Minor metals are inactive, with copper
'weak, tin steady and lead slightly lower
and American tin plates 30 cents below
foreign. A larger demand appears for
boots and shoes on supplemental orders for
immediate delivery, which, with some im-
provement in fall orders from the south,
enable nearly all factories to work‘ full
time, part-having good orders for the fu-
ture. Leather is not largely bought and
union is a shade lower, though hides at
Chicago are scarce and stronger.
Textile Manufactures.
For textile manufactures the situation
is trying. Cotton mills have a fairly ac-
tive demand, though not equal to their
normal ouptut, and for many months
have been accumulating goods, hoping for
better things, so that some are now stop-
ping, although the demand for some
grades, with higher prices for cottons, has
helped to a small advance in prices. Print
cloths are an eighth higher, but some oth-
er grades have declined, so that the aver-
age of all quotations is slightly lowar.
Woolen manufacturers find prices of wool
sagging both here and abroad, the decline
at Lgudgp h ving reached about {5 per
55m, whilé thjg avenge cf quotations by
Coates Bros, Philadelphia, was nearly 1
per cent lower May 1, and prices have been
further reduced by concessions to clear off
_ stocks. At the west traders are buying
much above the parity of seaboard prices,
and many growers are refusing to sell, be-
lieving that the upward spurt of last year
will be repeated. Sales for the week have
been less than half aweek’s full consump-
tion, and for five weeks 15,146,700 pounds
against 29, 409,600 last year. Men’s wool-
ens show no improvement, but there is
more actlve business in flannels, and the
demand for fancy dress goods is encourag‘
ing, though for plain goods it is but mod«
crate.
Traders in wheat have lifted prices a
little, and yet nobody questions the cor-
rectncss of— western reports indicating "
more than an ordinary yield of winter
wheat and unusual progress in the plant-
ing of spring. With the narrow stock
usual at this season, a speculation for ad—
vance always has many opportunities, but
western receipts are still 40 per cent larger
than last year, while Atlantic exports,
flour included, are for the week 943,667
bushels against 1,615,051 a year ago. Aft-
er afall to 68% cents the price rose 2%
cents. Corn is also a shade lower, but
wi out definite reason. Cotton specula-
tion has lifted the spot price to 8.37 cents,
and profits have been realized from the
men who have sold cotton they did not
own, but it is still the fact that the out
look for next fall’s crop is unusually favor—
able, while stocks here and abroad exceed
all possible demands until Sept. 1.
The Stock Market.
The stock market has been even more
stagnant than usual, and the decline of 29
cents in the average for railroad stocks and
48 cents per share in trust stOclrs really
means nothing but stagnation. The earn-
ings of railroads for April exceeded last
year’s by 3.5 per cent, but are 9.7 per cent
smaller than in 1593, and are on the
whole not better than for other recent
months, although the east bound ship-
ments for Chicago were larger in April
than for the same month of any previous
year. But there is no longer any acute
apprehension about monetary conditions,
and the treasury has reserve enough to
meet all demands until next spring.
The full statement of failures for April,
given by branches of business on the next
page, shows an increase voverlast year of
$2,131,872 in manufacturing over 1895.
and $1,179,133 over 1894. But more than
this increase appears in three branches—
woolen, clothing and wood manufactures
-—'—whieh exceed last year’s by $2,417,108,
and those of 1894 by $2,173,528. In trad-
ing the decrease in $786,965 and compared
with 1894, $1,967,562, but more than this
decrease compared with 1895 appears in
general stores; alone, $798,676, and in com-
parison with 1894 more than the whole de
crease is found in liquors and unclassified
traders, 32,7 69, 852. While signs of im-
provement are seen in almost every trade,
the increase in manufacturing failures is
limited to a few ,branches. Failures for
the week have been 238 in the United
States against 227 last year and 24 in Can-
ada against 34 last year.
, Our Gold Exodus.
NEW YORK, May 9.—All the golden-
gaged for shipment, amounting to $1,500,-
000, goes to Paris. One-half of Ladan-
burg, Thalmaun & Co.’s gold is in the
form of coin and the other half in bars.
The shipment of Lazard Freres is in bars.
Advertise in the Gm Ira.
. _ ‘
WASHINGTON GOSSIP.
Perfunctory Proceedings of Both
Bf‘anches of Congress.
SECRETARIES OF MEMBERS.
Bill Reported Against Granting Repre-
sentatives Further Concessions—A
Number of Private Bills Pass-
ed —— Minor Matters. .
WASHINGTON, May 9. -Wlth the bond
resolution out of the way, the senate gave
its attention to an accumulation of minor
measures before oing on with the river
and harbor mu. r. Mitchell (Rep, Or.)
gave notice that when the last appropria-
tion bill was passed he would press the
joint resolution for the election of senators
by the people, not for the sake of having
further speeches, but of actually adopting
the resolutions.
Bills were passed as follows:
Making Syracuse a port of delivery; au-
thorizing the Sioux City and Omaha Bail-
road company to construct a railvmy
through the Omaha and Winuegjago res-
ervation in Thurston county, Ne
Also to pay R. J. Van Vleck 84. 500 for
extra work on the Sault Ste. Marie canal;
to pay Nancy J. Day of Norwich, Conn.,
$3,041, found due her by the court of
claims; to establish a classification divi-
sion in the United States patent office; to
pay P. C. Montgomery of Memphis 83, 200
for the use of a steamer on the Mississippi
river prior to March, 1863; granting per-
mission for the erection of a monument in
Washington for the ornamentation of the
national capitol and in honor of Samuel
Hahnemann, and appropriating $4,000 for
a foundation; to authorize the investiga-
tion by the attorney general of certain
claims alleged to be due the late propri-
etors of the Knoxville Whig for advertis-
ing and authorizing the payment therefor
by the secretary of the treasury of any
amounts found by the attorney general
to be legally or equitably due; to pay one
year’s salary to the widow of United
States Consul NeWSon at Malaga; for the
issue of duplicate medals when the orig-
inals have been lost.
The bill for the erection of a bridge
across the Detroit river at Detroit was
postponed until next session on the re-
quest of Mr. Sherman and the assent of
the Michigan senators. Mr. Sherman
stated that there would be strong opposi-
tion.
The river and harbor bill was then tak-
en up.
In the House.
In the house today bills were passed to
quiet title to lands of persons who pur-
chased the same in good faith without no-
tice and for a valuable consideration and
enable the government to issue patents of
such lands; to provide 'for the settlement
of cities and disposition of public lands in
the Arrendo grant, Columbia county, Fla.,
and to establish a life saving station at
Point Bonita, Golden Gate, Cal.
On motion of Mr. Stable (Rep., Pa.) a
resolution was passed requesting the presi-
dent to inform the house what, if any-
thing, had been done to carry out the pro.
vision in last year’s sundry civil bill di-
recting him to no otiate with the govern-
ment of Great B tain for the abrogation
or modification of the existing regulations
of that government which require the
slaughter of cattle imported from the
United states at, 9.19 Pedal emit
A bill was passed if) appropriate $5,000
for the deportation of the Canadian refu-
gee Cree Indians from the state of Men-
tana. There are about 500 of these In-
dians. They have been in Montana since
the closing of the Riel rebellion.
After the passage of several unimpor-
tant bills the question of annual clerks for
members was precipitated by a report from
the committee on accounts on the Hart-
man resolution providing for the payment
of $100 per month to members for clerks'
hire throughout the year. Under existing
law members fire allowed clerks’ hire only
during the sessions of congress. The re-
port of the committee Was against the
resolution.
Mr. Aldrich (Rep, Ills. ), the chairman.
explained that the vote in committee was
a tie.
The Venezuela Commission.
WASHINGTON, May 9.—-Professcr George
L Burr, holding the chair of history at
Cornell university, who has been working
in Washington under the direction of'the
Venezuelan boundary commission for the
past two months as special historical ex-
pert, sails tomorrow from New York for
Holland for the purpose of making an ex-
amination of the Dutch records bearing
upon the boundary controversy.
The Pefir Bad hvuflflm
WAsnm‘srox, Hay 9.—_§onator fierrill,
chairman of the committee on finance,
has announced his intention to appoint a
subcommitho to conduct the bond inves-
tigation authorised by the Peter resolu-
tion. The subcommittee probably will be
designated at a qmiai meeting of the full
committee. ' .
For a Yacht M Babel.
WASHING-ma, lay 9.--'l‘ho house com.
mittee on commerce today authorized a
favorable report on the senate bill to em-
power the secretary of the treasury to de-
tail a revenue cutter to control steamers
and other craft during yacht races in
American waters.
Sela-older at Inge.
SARATOGA, May 9.——Eerman Schneider.
who plunged a butcher half- iuto his
wife’s neck at Mochaniosvillo last night, is
still at large, though it was rumored that
he committed suicido‘by jumping into the
Hudson river. Another report stated that
he was seen several miles out of Mechan-
icsville. Mrs. Schneider will probably die.
Southern Baptist Convention.
CHA'l‘TANOOGA, May 9.—-The southern
Baptist convention was called to order at
the First Baptist church by President
Jonathan Haralson of Selma, Ala. The
roll call showed 761 delegates present.
Judge l—Iaraison and Secretaries Lansing
McAndrews of Augusta, Ga., and E. F.
Gregory of Baltimore were re—elected.
To Save the Bullfinch Statehouse.
BOSTON, May 9.—The committee on
ways and means, by a vote of 7 to 4, this
forenoon decided to report favorably on
the bill to preserve the'historic Bullfinch
statehouse, the threatened demolition of
which called forth most emphatic protests
from the people of the commonwealth.
Good News For Rubber \Vorkers.
Wocnsocxn'r, R. 1., May' 9.-—Superin-
tendeut F. T. Comee received orders to-
day ta start the Alice Rubber mill, em-
ploying 1,300 hands, Monday. He says
the Millville mill, employing 1,000 bands,
will be started a Week later.
-Advertise in the GAzurcr-n.
v.
DlDENDS
QUARTERLY
REAL ESTATE SECURITY
2°/. '2°/.
PETIT MANAN LAND AND lN-
DUSTlAL COMPANY.
was formed to develop the peninsula of
Petit Manan, on the coast-of Maine, ten
miles from Bar Harbor. and to make of
it a seaside summer and autumn resort.
This peninsula contains‘ 2,565 acres of
land, extends seven miles into the At-
lantic Ocean, and has twen‘iy-two miles
of coast-line unsurpassed for pictures—
que grandeurand beauty. It has been
bought and paid for by, the Petit Manan
Land & Industrial Company, which is
organized nder the laws of Mame.
with a capit 1 stock of 82,500.000 OF
WHICH ONLY $1,000,000 13 AU—
THORIZED TO BE ISSUED. Of
this amount there have been placed
$420,000. leaving $580,000 in the treas-
ury, of which $200,000 Is now offered by
theCompany at the PAR VALUE OF
$10 PER SHARE. The stock now of-
fered for sale, as well as that already
issued, is secured by deed of trust con-
ve), iug one million dollars’ worth of the
property, on a basis of value fixed at 3
cents per square foot, to the INTER-
NATIONAL 'l‘RU~5‘T COMPANY of
Boston, Trustee, which holds it as a
permanent security FOR THE EQ UAL
BENEFIT OF ALL STOCKHOLD-
ERS, and to provide a means of liquid-
ation of the Capital Stock of the PE l‘IT
MANAN LAND & INDUSTRIAL
COMPANY. A large part of this offer-
ing has already been subscribed for in
New York and Philadelphia, and no
more will be offered alter the above
amount is sold.
DIVIDENDS ARE DERIVED.
First—From the sale of lots, the en-
tire proceeds, less the small running
expenses of the Land Office, going to
stockholders.
Second—Building of houses.
Third—Transportation revenues.
Fourth—Hotel and amuSement priv-
ileges, etc, etc.
The difference between the met of
the land, the cast of buildings, etc , and
the price at which the same are sold,
after expenses are paid, goes to the pay-
ment of Dividends. The land owned
by the Company cost the stockholders
] cent per square foot. and now-it sells
for an average of 12 (3E;1 TS PER
SQUARE F0 01‘.
As a seaside resort Peiit Manan is
designed to be an improvement on Bar
Harbor, where land which was sold in
1872 for $10 per acre, has recently been
sold for $217,000 PE ll .3 CHE.
Its advantages over Bar Harbor are
many. From no point in the most
thickly settled part of Bar Harbor can
a View of of the Atlantic ocean be ob-
tained. -Bar Harbor has no safe anchor-
age for yachts, and the water is. too
cold for bathing. Petit Manon, on the
other hand, is directly ON THE
OCEAN. while its bays and coves afford
safe harbor for craft, and it has a bath-
ing pool ten acres in extent, of, natur:
ally warmed sea water; the only one on
the Atlantic Coast.
A doc." park in area nearly as large as
Central Park, New York,‘stockcd with
several hundred deer, Norway grouse,
hares, and partridges, is another feature
of Petit Manamenjoycd by no other Sea-
side property and insures its popularity
in autum as well as in summer. Asa
summer resort Petit Marian for the first
time will OPEN IN JUNE of this year.
Over sixteen miles of roads are
completed, affording unexcelled drives
over a country with an elevation .of
nearly two hundred feet above the
sea level, a continuous view of the
ocean, cloves of spruce, pine, birch,
maple and mountain ash; bays, coves,
and stretches of verdure and rock for-
mations. which in magnitude and
uniqueness of shape. are unex‘celled any-
where on the Maine Coast. Peiit ,Ma-
nan’s first. season will open with up-
ward of sixty buildings constructed, in-
cluding hotel and club-house. The
Company constructs houses at a slight
advance over Cost and will sell lots with
houses at. from $2,000 uoWax-d to any
price desired. and will-send on applica-
tion sketches of collages ranging in
price from $1,500 to $535,000 putting,r Up
the lower-priced houses ready for occu-
pancy in from sixty to ninety days.
The Stock of the PEl‘lT MANAN
LAND & .INDUSfR-IAL COMPANY
is a SAFE, GOOD-PAYING INVES f-
lEN’I‘, thatits value will be greatly
enhanced during the approaching sumv
met, and each succeeding season, as
this ideal resort develdps and expands.
Enormous profits have been realized
through the purchase of real estate at
almost awry seahidr' newt, low. at, no
place have they been git-'alet than
along the Alain Cr‘laai. huh-lily at BAR
HARE-U rt. l’E'l'IT MANAS is getting
the overflow from Maine’s great re-
bolt.
ijloc's bought now will carry the June
Dividend, but apphcation should be
made at once. Maps, prospectus,
sketches of collages, and full informa-
tion can be obtained either in petsm or
by letter at 55 CHURCH SIX, BEL-
FAST, MAINE or 410 JOHN HAN-
cocx BUILDING, Bodies, Mass.
10 the Board of County Commissioners for
L'airfield County. _
I hereby app'y for a license to sell spiritu-
ous and intoxxcatmg liquors. ale. lager beer,
Rhine Wine. and order at cor. Cedar street. and
Taylor avenue, Town of .Norwalk.
My nlace of buelucscds not located within
two hundred feet in a direct line of a church
edifice or public school-house, or the premises
ogrtammg thereto. or any post-office or public
1 rary. - ,
Dated at Norwalk this 7th day of Maya-1896.
' CHRISTIAN LARSEN. Appllcant.
We, the unders1 ned, electors and tax-pa .
era, as defined by aw, of thetown of Norwa ,
hereb endorse the application of. the above
name Christian Larsen for such license.
Dated at Norwalk this 7th day of May, 1896.
James Ll. . Masher. Vulham L.’ Benjamin.
Matt Rindillen, Joseph PODp. Henry Beebee.
I hereby certify that the above named eu-
dorsers are electors and tax-payers, as defined
by law. of the town of' Norwalk.
Dated at Norwalk this 7th day of May, 1896.
ANNIE la. SMl’l‘li. Asst. Town Clerk.
T0 the Board of County Commissioners for-
Fau field County“ _
I hereby apply for a beams to sell spirituous
and 1ntox1catinghquors, ale, lager beer. Rhine
Wine and cider, at Gregory sl'omt Hotel. town
of Norwalk. . _
My place of _bus1ness 18 not located within
200 feet in a direct line of a church edifice or
pubhc school home. or the premises .ertaining
thereto, or any past ofiice orpublic ibrary.
Dated at Norwnlk this 2d day 0; May. 1896.
JOHN E. O’SULLIVAN. Applicant.
We, the undersl ned, electors and tax-pay.
ers, as defined by aw. of the town of Norwalk.
hereb endorse the apphcation of the above
name John E. O’Sullivan for such license.
Dated at Norwal-k the ’41 day Of May, 1896. ‘
James Toner, Stiles W. Curtis. Patrick F.
Sla ttery. Thomas ltvan. Luke Dorney.
1 herebv certify t at the above\_named.en_
dorsers are electors and tax-payers. as defined'
by law. of the town or Norwaik. ~
5 Dated at-Norwalk this 2d day of May. 1896. .
ANNIE E. SALI 1 1:1. Asst. Town Clerk.
Firslscl’ass filled:
at '
Popular Prices.
am rock .orrlcr, 442, anoinwnv.
BUS ”"3 9i?! NU'WBI -.: ”lint... .
. Arelllalf Sold.
We make some of the most
REMARKABLEREDUCTIDNS
In the Prices of Superior
SILK, DRESS
——-..-AN D—
BAP S AND JlEK TS.)
'Goons;,
We prefer to do this new, practically in the height of the season, for
the reasons it means great money-saving to our customers, and, at- the
same time, clears out stocks promptly.
\
l0 ps. Fancy Iress licods,
250 quality; we shall sell at
cents
per
yard
B
. 20 ps. Mixed Suiting,
12§c quality; we shall sell at ,
cents
per
yard
l0 ps. Novelties,
500 per yard; we shall sell at
cents
per
yard
Black Mohair Figures,
75c per yard; we shall sell at
. cents
_ ~ per
_ yard
52-in Larg‘e Fig. Mohair,
for Separate Skirts, $1 50 qual—
we shall sell at ‘
$ E c a, 0
per
yard
Light Grounds. lndia Silk,
$1.00 per yard; we shall sell at
" cents
per
yard
Light col. French Novelties,
750 per 5d; we shall sell at
Printed Warp Jap. Silk, 3.1
7 5 per yd; we shall sell at
changeable Silks,
390 per yard; for this week,
v cents m cents 1'}. cents
.09 53:. 62:. is 5.2:.
. ALT- 01“ OUR Beauiiful Japanese Silk,
IM P0 BTED D R ESS PATTERNS, . in medium shades. for 'Waists and
ill SILK AND WDOL NOVELTIES, Dresses. 50c quality, for this sale,
We Shall an it ill Per tent -- 32,...
yard
TI—IIS WEEK ONLY.
IN THE sue CLOAK ROOM
This Spring we have had a great many ladies ask for low-priced Capes and Jackets.“
As we did not buy many of them, most all of our goods were of the better quality.
_____/
We shall, this week, make an offer to our customers that will please them.
25 PER CElll' 0FF.
Ali Ladies’ and Children’s Garments that‘
are now marked $5.00 or over,
DOMEETEC GOODS.
Best Indigo Prints, 6c qualify, for a
run, 3:30.
Heavy weigh; unbleached 4-4 “hect-
. 1113', 11.0
9 4 Unbleached Sheeting. E2330.
6-4 Bleached sheeting, I56,
75 dozen All-linen Towels, 19c qual-
ity and size, for we,
20c Turkish Bath Towels, bleached;
we shall sell 2 for 250.
Iieady-made Pillows, 5-4, at Me ea.
Ready-made Sheets. 8-4, at 49c ea.
LINENS.
9 4 Heavy all linen Sheeting, 75c
quality, for 590,
54 inch linen. good linen, for 75¢,
56inch all~linen Damask, 49c
in. 31lo-
All-lineu Tray Cloth, white and col-
ored borders, Inc each.
qual-
A WEEK OF WONDERS.
Shert Stories!
Ladies’I‘afi‘eta Gloves, worth 390,240
Ladies’ Full Seamless Bose, worth
170, I [C _
Ladies' Tan and Fancy Hose, Worth
390, 25.0 ’
Ladies’ Combed Yarn Vests, north
50c, 250‘
Men’s Summer Shirts and Drawers,
worth 39c, 26c
\
For spring house renovating we have the best assortment of window shades in the
city, from, 25c up.
150 pairs of the bankrupt’stock of lace curtains
Few Words!
Men’s Black l Hose, worth 19c,
I2Ec.
Men’s French Bull. Shirts and
Drawers, Worth $1.00, 75c.
Boy’s Champion Waists, (best made)
worth 75C, 470
Ladies’ Handkerchiefs, worth 50, 3c’
Ladies’ Belts, metal, Worth 500, 250
Ladies’ Silk Belts, worth 50c, 250
New Chenilles and“ Tapestry Porteriers,
We have not space to mention the big drives in our kitchen. department. '
HEBUSTUN SlflR . Eur. Main .andWaII SS1
. Big Values!
Double Satin Ribbon, No. 12, worth
250. I Go
Dress Trimmings, worth 25c, l l0
Comfort Powder, worth 25, I 5c ,
Box Writing Paper and Envelopes,
worth 150, 9c ,
Eau De Quinine, bottle, worth 750,
49c
Scissors, worth 75c, 38c
left, 59¢; to 9,00 per pair. -
Norwalk Chronicler