SW 11111..
M
» I{111111111git.tiller-(lreat Indnstries Show
1 Moderate improvement.
THRDERRRSRIOE IN WHEAT.
It Is Mainly Caihsed by Expectations of a
‘Spcedy End to the “far In the East.
_, ’ ' ‘3"; The Exports of Gold—The
Bumnéss Failures.
"New Yori:,_1iay 1.——In spite of mod-
erate inlprov‘éf 3.5.331} in most of the great
industries busn‘ipsb,‘ is disappointing.
Expectations of1'3_€?§i”eedy end of war in
Europe tlzrtu 'ni‘f‘hérkish victory have
helped to ds'pi‘ s‘ again. Demands of
Austria andt- 1219. have caused exports
(:f $3,250,000 gold, merchandise imports
are greatly increased and final action
of congress on the revenue question
seems more remote. Floods at the west
-I'0ntinue, and the new tariff proposed
for Canada is thought likely to affect
trade with that country to some ex-
tent. The country is just now unusu-
ally free from important labor trou-
bles, but there are strikes in some cities
in the building trades, and others of
magnitude are threatened in ironmines
and manufacture.
Wheat rose last Saturday nearly 2
cents, but has fallen since that day
about 6 cents. This is largely because
European markets did not sustain the
expectation of a great foreign demand
after the outbreak of war, and because
events appeared to foreshadow speedy
peace, but the tidings from wheat
growing states, the receipts from farms
.and the enormous exports of corn, all
had influence.
The Gold Exports.
Corn exports have been 13,250.19?
bushels in four weeks against 4,496,679
last’ year, while Atlantic exports of
Wheat in the same weeks, flour includ-
ed, have been only 4,231,348 bushels
against 4,597,215 last year. Nor is this
surprising, for if in use two bushels of
corn only equal one bushel w‘wat the
two bushels corn would cost mi 60
cents, and the one bushel wheat nearly
80 cents. Weste‘rn receipts have been
reduced, perhaps in part by floods and
interruption of traffic. The cotton mar-
ket. has advanced a quarter of a cent,
vowing mainly to a speculative impulse
from England, but the delay in abate-
ment of floods and their continued de-
structiveness afford an appafent rea-
son.
The exports of gold would not. have
much influence if there were not an ex-
traordinary‘ increase in merchandise
imports and some decrease in exports
from New York, large for the last week
and 5 per cent for April. Imports have
increased about 60 per cent over last
year for the week, and for four weeks
have been 30 per cent greater; in dry
goods alone $4,860,000, while the imports
of wool have been $3,749,439 here, and in
sugar and tobacco imports are also
large. At Boston imports of wool have
been extraordinary, and at Philadelphia
they have amounted for the month to
$1,278,000. The thought that this ab-
normal increase may continue as long
as action on the revenue bill is deferred
1 \tends to affect exchange, but the main
influence at present is the exceptional
demand for reconstruction of the Aus-
trian monetary system and for Japan.
Bonds and Stocks.
Securities have not fluctuated much,
nor. have foreign operations materially
affected the market, as Americans have
been neglected in London. But the de—
mand' for bonds has been constant,
though smaller than it was some time
ago. Railways are making quite fair
reports, when abnormal causes of’ dis-
turbance are considered, earnings in
April being only 1.7 per cent less than
last year and 6.5 per cent less than in
1892, and in east bound tonnage from
Chicago the decrease is smaller than
is usual about the time iavigation
opens. The stock market ha! relapsed
into slumber, and with light trading
has risen a small fraction for railroads
and declined a small fraction for trusts.
Of the great industries the iron and
steel manufacture is siOWer in advanc-
ing now, as it was much quicker in the
winter. Partly because the increase
in production in pig was then too rapid,
partly because enormous contracts tak-
en when the different pools broke down
went mainly to the larger concerns,
and perhaps even more because possi-
bilities of new development remain,
there is great hesitation now in placing
orders. Reports of pending negotiations
between the Illinois Steel and Minne-
sota Iron companies point to an im-
portant change as possible.
Failures for 22 days of April were $13,-
472,169 against $9,218,616 last year, $9,-
536,960 in 1895 and $8,826,860 in 1894. Man—
ufacturing were $8,962,531 against $4,—
602,655 last year, and trading were $4,—
010,704 against $4,370,330 last year. Fail-
‘ures for the week have been 237 in the
United States against 238 last year, and
40 in Canada against 31 last year.
Deserted His Amanced.
Morristown, N. J., May 1.-——Thomas
Maher, employed on the country place
of Felix Samson, in South street, sud-
denly disappeared from this city a day
or two ago, and Katie Prendergast,
daughter of James Prendergast, who
was to have been Maher's bride today,
is prostrated over his disappearance.
Maher, who is a sober, industrious man,
has lived here a number of years. Katie
has received a letter from Maher say-
ing, “By the time you receive this I
will be at the bottom of the sea.”
Friends of Maher can assign no cause
for his strange disappearance.
Dr. Struble’s Sudden Death.
Middleton/n, N. Y., May 1.—Hugh
McDonald Struble, one of the most
prominent physicians in this section of
the state, died suddenly today after
tracheotomy had been resorted to. Dr.
Struble performed two surgical opera-
tions yesterday and apparently was in
the best of health, with the exception
of a slight attack of qulnzy. He was
born in Newton, N. J., in 1852 and
graduatedfrom theUniversity of Penn-
sylvania in 1875. _
Altgeld Sold to Franks.
Springfield, Ills, May 1.——Ex-Gov-
ernor John P. Altgeld has sold out his
interest in the Ogden Gas company,
Jacob Franks, the wealthy retired Chi-
cago pawnbroker, is the purchaser.
Mr. Franks probably paid" about $200,-
000. If things go as Mr. Franks hopes,
the interest for which he paid $200,000
. is likely to be worth $1,000,000 or more.
‘ THE EVEN .lNG GAZETTE ' l
ACCUSED HIS TEACHER.
A Pupil Said to Be Dying From'a Blow.
Upon the Head. .
Newtown, N. Y., May 1.—Miss J. E.
Scouler, a. school teacher employed in
the East Williamsburg public schools,
was arrested yesterday for hitting
Frederick Kromberg, a 14-year-old boy,
on the head with a ruler. She has been
placed under $200 bond by Judge Bruse
of Maspeth. Anthony Polack, a mem-
ber of the board, went on her bond.
The arrestwas made simply on young
Kromberg’s statement that during a
whipping administered by Miss Scouler
he was struck on the head. The teacher
emphatically denies that she struck
ybung Kromberg on the head.
The alleged whipping occurred sev-
eral days ago, and Kromberg’s aunt
declares that he suffered severe pains
in the head. Then he grew worse
and became semiconscious. Dr. Judson
was summoned and he declared that
the boy was suffering from brain fever,
probably the result of a blow on the
head. '
He advised Coroner Haslett to take
the lad’s statement. When the coroner
went last night to Kromberg’s home for
that purpose the boy was semidelirious
and could not be examined. Since the
boy has been ill he has not renewed
his charges against the teacher, but his-
aunt says that was the explanation he
gave her of the cause for the pains in
his head.
.1161 HOPE FOR DUNLGR
President McKinley Refuses to Save the
Chicago Dispatch Lian Froln Jail.
Washington, May 1.——The president
has decided not to interfere in the case
of Joseph Dunlop, proprietor of the Chi-
cago Dispatch, who was sentenced to
two years’ imprisonment for sending
obscene matter through the mails.
A strong effort was made to secure
his pardon on the ground that his life
would be placed in jeopardy by his im-
prisonment, but the president» decided
that Dunlop must serve out his term.
Attorney General McKenna made this
statement of the president’s decision as
he left the cabinet meeting at noon:
“The president," said he, “has resolved
not to interfere in the Dunlop case. He
so announced as I left him a minute
ago.”
Attorney General McKenna in his re-
port on the case to the president said
that the only ground for executive
clemency was the condition of Dunlop’s
health.
A Bank Closes.
Nashua, N. H., May 1.—The New
Hampshire Banking company of this
city has closed its doors by the volun-
tary act of the trustees, and the af-
fairs of the bank will be wound up as
rapidly las possible. It is believed that
the depositors will eventually receive
every dollar, but a great amount of the
money will be tied up for a long time,
which will cause considerable distress
among the depositors of the poorer
classes, who need their money. The
lack of business and the poor prospect
of new business coming in for a long
time in the future are the causes as—
signed for the closing of this bank.
All May Be Lost.
Port Washington, Wis., May 1.—-In
the height Of the gale on Lake Michi~
gan last night a capsized schooner was
sighted several miles out in the lake,
with the crew making signals of dis-
tress. The sea was running so high
that tugs were unable to venture out,
and it is feared that the vessel has gone
down with all on board.
Broke His Neck.
Northampton, Mass, May 1. -—-Rich-
ard Cotter, aged 30, an electric light
lineman, fell head first from the pole of
an electric light this morning, breaking
his neck. Death was instantaneous.
Uncle Sam’s Receipts.
Washington, May 1.—Nationa1 bank
notes received today for redemption,
$384,292; government receipts from in-
ternal revenue, $357,682: customs, $2,-
279,476; miscellaneous, $17,536.
The Weather.
The indications are for slightly cooler
weather and probably rain.
II‘INANCIAL AND COMMERCIAL
Closing Quotations of the New York Stock
Exchange.
NEW YORK, April 30.—Money on call nominal-
ly at 1%allé per cent! Prime mercantile paper,
3%114 per cent. Sterling exchange barely steady,
with actual business in bankers’ bills at. 84.87%
84.87% for demand and fi.86%a4.86% for 00 days.
Posted rates, $4.87M.87}§ and $4.88%a4.89. Com-
mercial bills, $4.85%. Silver certificates, 61%3.
6‘20. Bar silver, BIMC. Mexican dollars, 48%0.
Government bonds firm. State bonds quiet.
Railroad bonds firm.
Closing prices:
Atchison .......... 10%,
Bur. & Quincy.. .. 72%
0., C., C. & St. L. 27%
Chesapeake & 0.. 16%
New England" . .. ——
N. J. Central....., 77%
North American. 8%
Northern Pacific. 1196
Chicago Gas ...... 81% Do. pref ........... 34%
Cordage ........... — N. Y. Central. . . .. 9894'
Cotton Oil. . . . ..... 1 Omaha. ............
Del. & Hudson. . . {104%
Distillers' Trust... -‘
Erie. . .............. 12%
General Electric.. 30%
Hocking Valley. .. 1%
58%
Ontario & West. . 13%
Pacific Mail ...... 27
Reading ........... ‘ 17%
Rock Island. ..... 62%
Silver Bullion... 62%
Lackawanna. . . ”.1481/1 St. Paul. . . . ....... 7%
Lake Shore.......lfill~§ Sugar Refinery...114
Load. . .. ...... . 22% Texas Pacific ..... 8%
Louisville & Nash 43% Union Pacific. . . .. 5%
Missouri Pacific. 14%,, Wabash pref...” 12%
Northwestern ..... 1031/2 Western Union... 77%
_ General Markets.
NEW YORK, April 30.—-FLOUR—4State and
western quiet, but steady; city mills patents,
36.069525; winter patents, 64.709435; city mills
clears, 84.859.11.95; winter straights, 842011.435.
\NHEAT—No. 2 red opened steadier in the
face of lower cables on foreign buying, later
eased oi! under reports of better weather west,
lower cables and general realizing: May, 7754a
’ 7%.; July, 75%a76%c. ‘
RYE -- Steady; No. 2 western. 35%61360.
CORN—No. 2 easier under favorable weather
reports and, following wheat, later rallied;
May. 29%3291/40. ; July, 30%a30§(,c.
OATS—No. 2 moderately active and steady;
May, 220.; July, 22%(1.
PORK—Steady; mess, 3837512950; family, $9.50
'&10.50.
LARD—Steady; prime western steam, $4.40,
nominal. _
BUTTER—Steady; state dairy, 13a16c.: state
creamery, 1395170.
CHEESE—Steady; state, large, 9%a10%c. ;
small, 10allc.
EGGS—Steady; state and Pennsylvania, 10
a10%0.; western, 9a10c.
SUGAR—Quiet; fair refining, 2 13-.16c.; cen-
trifugal, 96 test, 3%c.; refined quiet; crushed,
5%.; powdered, 4%0.
' TURPENTINEe-Firm at 30%a31c.
MOLASSES—Quiet; New Orleans, 23a300.
RICE—Steady; domestic, 4%a61/fic.; Japan,
499.4%0.‘
TALLOW—Quiot: city, 336133 23-160.; country,
3 3-16a3y4c.
HAY—Steady;
choice, 708.750. "
Shipping. 5611600.; good to
“9—.-." .....
1
11111111 111111111
The Sultan’s Cavalry Forces Oc-
cupy the Important Post.
PHARSALOS ALSO ATTACKED
Moslem Advance Guard Opens Fire on
the Greek Position.
A Greek Defeat Means a. Retreat to Their
Stronghold at Dennolros-«The Czar and
Emperor Francis Joseph Are Firmly
Determined to Upheld the PeaCe of
EurOpe and the Principle of the Status
Quo.
London, May 1.—A dispatch from
Constantinople, dated today, says that
the Turkish cavalry occupied Voloyes-
terday evening. Ten days’ delay has
been granted to the Greeks who are de-
sirous of leaving Constantinople.
Greeks Attack I’harsalos.
Athens, .May 1.-—The headquarters
staff of the Greek army at Pharsalos
has been completely changed. General
Macris and CL: nels Saponutzakis,
Mastropas and Antoniades have re—
signed and starter. for Athens.
The advance guard of the Turkish
army has attacked the Greek position
at Pharsalos. Pi ing began yesterday
afternoon. A decisive battle is ex-
pected today.
The plan of the Turks is evidently to
attack Pharsalos from the east and from
the west at the same time. The action
which follows such an attack will be as
certainly decisive as that which result-
ed in the rout of the Greeks from La
rissa.
The Greek position is considered quite
strong, but they will be greatly out-
numbered by the Turks.
Following such a defeat as that at
Larissa, the Greeks must certainly fall
back as far as Domokos, which is the
next position laid down in the plan of
campaign.
A retreat to Domokos will take from
the Greeks the command of the rail-
way leading from Pharsalos to V010, on
which communication has been kept up
since the defeat at La: tssa.
The Turkish forces have moved for-
ward from every side and have as-
sumed advanced r‘ sitions in every part
of the plain of ",1.‘..-essaly. At'Pharsalos
they are in immediate contact with the
Greeks, and in sufficient force to make
an engagement there decisive.
General Smolentz’s brigade was en-
gaged yesterday in a fierce battle with
the Turks near Velestino, in the direc—
tion of Alviale, seven miles southwest
of the former city.
A battalion of ephzones (mountain
soldiers) and a battery of artillery
we -.- sent to re-enforce the Greek com—
moi-.der.
’i re Greek position at Alviale appears
to be a. favorable one. and it is ex—
pected that General Smolentz will hold
out against the Turks.
On the whole, the new ministry is
well received by the newspapers. The
Asty observes that the cabinet has a
formidable task and hopes it will do
its duty “without heeding the incon—
siderate clamors Of the street."
The Acropolis expresses the opinion
that King George ought to invoke the
mediation of Europe in person.
The more advanced neurspapers term
the ministry the “royal defense cabi—
net.” '
Turlts’ Victorious March.
Constantinople, May 1.—The Turk-
ish government has issued the follow-
ing announcement:
“Far from being repulsed at Veles-
tino, ten mi’es est of Volo, the im-
perial troops continue their victorious
march forward."
The report that Osman Pasha is on
his way to Janina, Epiz'us, wgth 30,000
additional Turkish troops is confirmed.
A dispatch received here from the
Turkish military commander at Janina
announces that Mustapha Pasha’s bri-
gade yesterday occupied the heights
commanding Nicheste and Kervau-
serai, beyond Pentepigadia, whereupon
the Greek troops in that vicinity re-
tired.
The vali of Salonika telegraphs that
a. band of Greeks has been routed by
the Turkish troops near Pravishte. Ten
of the Greeks were captured.
Suits Russia and Austria.
St. Petersburg,‘ May 1.——Count Mura-
vieff, the Russian minister for foreign
affairs, and Count Goluchowski, the
Austrian minister for foreign affairs,
have dispatched identical notes to the
Russian and Austrian representatives
at Belgrade, Servia; Sofia, Bulgaria;
Bucharest, Roumania, and Cettinje,
Montenegro, expressing satisfaction at
the correct attitude which the govern—
ments of those countries present during
the present crisis, adding that this atti-
tude harmoni’Z‘es all the more with the
wishes of the'two sovereigns, the czar
and Emperor Francis Joseph, as they.
are firmly determined to uphold uni-
versal peace and»the principle of the
status quo.
Italy’s Latest Move.
Paris, May 1.——La Patrie publishes
a dispatch from Rome saying that Ad-
miral Canevaro, the Italian commander
in Cretan waters, has been ordered to
consider ‘Colonel Vassos, who com-
mands the Greek army of occupation
in Crete, as a belligerent and to no
longer oppose Greek attacks on the
Turkish troops there. ,
The Temps urges the new Greek cab-
inet to lose no time in recalling Colonel
Vassos from Crete and so give Europe
what she has been demanding so long
in ”vain. This, the Temps adds, is the
best way to prepare for the interven-
tion of Europe and not give Turkey
time to form dangerous ideas as to the
rearrangement of frontiers. The Temps
also demands an immediate armistice.
'The Feeling Against the King.
Rome, May 1.—Dispatches received
here from Athens say that the new
Greek cabinet has been coldly received
and that the animosity between the
populace and the king continues.
Recruits For Greece.
Alexandria, May 1.——Four hundred
Greek volunteers sailed today for Ath-
ens, and 1,000 more will leave for the'
Greek capital
tomorrow by special
steamer. - '
AL LIP .
RICHARD A. McCURDY, President.
According to the Standard of the Insurance Department of the State of New York.
\
. " ' INCOME,
Received for Premiums - '- - - , 4
From all vfllller 511111599
3 39,93,4I4 2.0
l0,|09,28| .01
——-—__
. SEWMQSZT
DISBURSEMENTS, ._ . 4 ~
To Pelicynltolders for claims by llealh - . _
'i’oPeilcy-holders for Endowmenls, Dividends. eic. - - _ -
ӣ42,456 5|
$13,005 64
936,216,515 14
F91 all Other Accounts - , - - - ,- -
ASSETS. '
niied Slales Bonds and other Securities - - —
First lien loans on Bond and Morlgage - - - -
Loans on Slacks and Bonds , - - - - - .‘
Real Eslale -
cash in Banks and Trust companies - - - - - -
Accrued lnieresl, 116.1 Deferred Premiums, etc. - -‘ - - -
- ' .6110,125,062 15
11,543,929 6
11,691,525 1111
22,161,666 65
l2.680.390 1111
s 234,144,148 42
- Zfifllllfifl 12
_-__———~
s CHEER
S 9l8.698.338 45
ReserveiorPoliciesamlolher Liabilities — - - -
Surplus - — - - -‘ --
Insurance and Annuilies in force . - - . ..
I have carefully examined the foregoing Statement and find the same to be correct
liabilities calculated by the Insurance Department CHARLES A. P-RELLER, Auditor.
Frrm the Surplus a dividend will'be apportioned as usual
Report of the Examining Committee.
« Office of the Mutual Life Insurance Company of New York
\
To THE HONORABLE, THE BOARD OF TRUSTEES or o ‘
THE MUTUAL LIFE INSURANCE COMPANY OF NEW Hill
The undersigned, a Committeeapppointed by your honorablebocly on the twenty—
third day of December, I896, to examine the Annual Statement of the Company, and to
verify the same, .espectfully
er and authority thereby conferred, the Committee have at various dates between the date Of the
his Report attended at the cfiice of the Company, and have been waited on by the Treasurer,
the Comptroller, the Auditor and and the Cushicr, together with the the respective asmstants or such oflicers, and have care-
fully gone oyer all the items contained in the said Statement, and have found the same to be correct. They hove examiiied
and counted every certificate Of stock, bond and other obligation held by the Company, and compared the price at which the
same are carried in said Statement with the market quotations and find'the same not exceeding such quotations—in fact, in
many cases 11. l w them. They have examined and counted the bonds and mortgages on real property held by the Compgy,
and find the same to be as stated. They have also verified the valuations of the Company’s holdings of real estate and ve
verified the deposits of money in the various banks . and trust companies, and have counted the cash on hand held by the
Cashier. _ ‘
And the Committee certify
such examination have been freely su
in cod order and-well kept. . _ ' ‘
accuzfig’thegCommittee further certify that the investments of the Company are of . a high order, and that the System and
methods adopted by the Company in recording its transactions and caring for the assets are entitled to commendation
. - - if 11 bmltted ROBERT OLYPHANT J. HOBART DERRICK
A“ °f Whmh ‘5 ”Spec “ y su JAMES N. JARVIE CHARLES ED. DICKEY. .13.:
JAMES C. HOLDEN CHARLES R. HENDERSON
That, pursuant to the pow
said reference and the date of t
that all the books, papers. documents and evidencesof title of every description necessary in
bmitted to the Committee by the said officers and their assistants, and that the same are
NEw YORK. JANUARY 25, 1897.
The company has issued an order whereby women canbe insured without-the extra
charge heretofore required. More definite information 011 the subject will be furnished by
the local agent, Mr. A H. Camp. . , . _ $
Board of Trustees
GEORGE G. HAVEN
ADRIAN ISELIN JR.
GEORGE S. BOWDOIN
THEO. A. HAVEMRRER ’
WILLIAM C. WHITNEY
WILLIAM Boc'KEFELLRR
JAMES N. JARVIE
CHAS D. DICKEY JR.
ELRRIDGE T_. GERRY,
HENRY H. ROGERS «
JNO. W AUCRINCLOSS
THEODORE MCRFORD
WILLIAM BARCOCK
STUIVESANT FISH
AUGUSTUS D. J UILLIARD
CHARLES E. MILLER
WALTER B GILLETTE
H. WALTER WEBB
FREDDRIC CROMWELL
J ULIEN T. DAVIES
ROBERT SEWELL
S, V. R. CRUGER
CHARLES R. HENDERSON
RUFUS W. PECRHAH
J. HOBART HERRICK
W! P DIXON
ROBERT A. GRANNISS
ROBERT A GRANNISS Vice-President,
WALTER R. GILLETTE, Genera-l MalitfiaN J c d_ . s l
‘ L ’, d V' -P eSident. HENRY 11‘. D , R, orrespon mg ecre any:
WDEIEEIEMLJ.%§1ST%N, 1Sfcrertsny. ALBERT KLAMROTH, Agelstant Secretary.
' FBEDERIC CROMWELL. Ege;e[li1{1ir.SON M A, . 1 1T .é
. ' DA, A ' tant Treasurer JAM . - SSIS an reasur r.
'wggfiEgFSANDSflzashier. EDWARD P. HOLDEN, Assistant C ashier.
1 ‘ EMORY M CCLINTOCK, Actuary: ‘
JOHN TATLOCK’ JR ’ Asiisiinrfilficfllfi?‘ ICHARDS C “t 11 r
, PRELLER, Auditor. . R -. , omp ro er.
8FCALB$§3RD GBETSINGER. ASsistant Auditor. HENRY S. BROWN, ASSIStant Comptroller.
‘ . JOHN C. ELLIOT, Superintendent of Domestic Agenc1es. ,
EDWARD LYMAN SHORT, General Solicitor.
MEDICAL DIRECTORS: . ’.
ELIAS J. MARSH, M. D' GRANVILLE M.5WHITE, M, D;
SAMUEL D. BABGOGK
RICHARD A. MCCURDY
JAMES C. HOLDEN
HERMANN C. VON POST
LRWISMAY
OLIVER BARRIHAN
ROBERT OLYPHANT
GEORGE F. BAKER
DUDLEY OLCOTT .
GUSTAVUS S. WINSTON. M. D. '
JOHN w. NICHOLS M "m"- ‘t'f::.i'.‘.itll‘:.2.....
e» seem
.t
1
1'
1 1151111111131: 1111-
61115111911! 1111-1119 Year E11111: 0515mm €361,189.
5 12,595,113 39
Norwalk Chronicler