WILL FIGHT THE L. A. W. AND SEEING BY TELEGRAPH

Stearns "Yellow Fellow" Tandem.

Cortland Evening Standard, Saturday, August 22, 1896.

WILL FIGHT THE L. A. W.

Movement to Obtain Control of Bicycle Racing.

MANUFACTURERS THE LEADERS.

Will Establish a Circuit and Offer Such Inducements as

Will Secure the Best Talent.

   PHILADELPHIA, Aug. 22.—Information of a reliable character has reached here that a syndicate of bicycle manufacturers has been formed with the intention of wresting from the League of American Wheelmen the control of racing. The prime movers are said to be E. C. Stearns & Co. of Syracuse and A. G. Spaulding & Bros. of New York, Philadelphia and Chicago.

   It is the intention of the new combination to have a circuit. The cities composing this will probably be Philadelphia, New York, Boston, Buffalo, Syracuse and Chicago. One or two other towns where the greatest interest is shown in the sport may be taken in.

   Control of a track will be secured in each city or a track rebuilt. There will be two race meets a week in each place where there is a track throughout the entire season.

   Men who ride in these races will, of course, come under the ban of the L. A. W. As a compensation they will be guaranteed good prizes, plenty of sport, and no effort will be spared to induce the crackerjacks to cast the league aside and make the new scheme successful by their co-operation.

   Alleged arbitrary action by the league racing board is said to have brought about the break.

WEEKLY TRADE REVIEW.

Business Outlook, as Reported by Dun's.

FEW CHANGES IN THE SITUATION.

Political Events Keeping General Trade in an Unsettled State—Increase in Exports Over Imports—Rapid Movement of Grain and Cotton.

   NEW YORK, Aug. 22.—R. G. Dun & Co.'s weekly review of trade says:

   Political events of the week had no definite influence upon business prospects, for the phenomenal variations in sterling exchange and the beginning of imports of gold may be fairly attributed to the accumulating excess of merchandise exports over imports, to which attention has been repeatedly called, exports from New York for the past two weeks having been 20 per cent larger and imports here 21 per cent smaller than last year.

   The rapid movement of grain and the unusually early marketing of cotton, tend strongly to aid the banking syndicate which has undertaken to regulate foreign exchanges.

   Speculation has advanced wheat one cent during the week, corn a small fraction, and cotton five-eighths, the principal motive power being reports of injury to growing crops. As before, the unfavorable accounts respecting wheat are in some measure discredited by the continued heavy movement from the farms, Western receipts having been 10, 597,137 bushels in two weeks, against 6,759,363 bushels last year.

   With prices 8 cents lower than last year, such a movement cannot be interpreted as a sign of deficient yield. The Atlantic exports for the same weeks have been (flour included) 4,892,660 bushels, against 2,995,233 last year, and while the increase is encouraging, it scarcely corresponds with current accounts of deficient yield in some foreign countries.

   The movement of corn continues heavy, although the price is still so low that one wonders why the product is put into cars instead of into hogs.

   The alarm about the destruction of cotton has been most vigorously worked here and abroad, and has readily raised prices, although it is yet to be seen whether the yield has been so far diminished as to warrant a price 1 cent higher than a year ago.

   The boot and shoe industry, which continues to lead all others in proportion of hands employed, is nevertheless rapidly nearing the end of past orders, excepting in women's grain and buff shoes, of which there are still orders for some weeks to come, while others are constantly received, but in other branches the new business is light.

   Prices are a shade weaker, many dealers refusing to pay the advances which have been asked. The shipments from Boston for three weeks have been 256,116 cases, against 272,947 last year and 263,833 for the same weeks of 1894. Leather is weaker, with a small demand, although restricted supplies have caused a shade of advance in some kinds. Hides at Chicago averaged more than 3 per cent lower for the week again, the fall in the past five weeks having averaged about 25 per cent.

   Some additional heavy failures in the lumber trade call attention to the continuing depression, which appears to result, at least in part, from expectations entertained by many that the unlimited increase in new building during the past year or two would be permanent.

   Nothing encouraging can yet be said regarding the wool manufacture and the demand for goods, even at recent reductions in prices, is still disappointingly small.

   The sales of wool at the three chief markets have been only 7,670,000 in three weeks against 16,847,200 last year and 23, 361,400 in the same weeks of 1892.

   A heavy auction sale of cotton goods brought prices which were considered quite encouraging and the current demand is fairly maintained, although the mills are not inclined to make large contracts for the future in view of the rise in the raw material. In general the working force in the textile branches does not appear to have increased.

   Failures for the week have been 280 in the United States against 222 last year and 27 in Canada against 43 last year.

More Trouble For Spain.

   MADRID, Aug. 22.—An official dispatch from Manila announces the discovery in the Philippine islands of a Separatist conspiracy, the object being to secure independence from Spain. According to the official advices, 21 persons have already been arrested in the Philippine islands, several being Free Masons. The news has caused great excitement in Madrid and the police in consequence raided the Hispano-Philippine club and seized a large quantity of papers.

PAGE TWO—EDITORIALS.

Seeing by Telegraph.

   To the many discoveries of this amazing nineteenth century there bids fair to be added that of a method whereby we may see around the world by electricity. Apparently it would not be impossible. Science has proved that sound, light, heat and electricity are produced successively by waves or vibrations that gradually increase in rapidity. What it is that vibrates scientists are not yet agreed on, but they are sure that the theory of vibrations is correct.

   The telephone is an instrument which enables us to talk at a long distance. A wire is electrically charged. Thus charged it transmits the vibrations of sound produced by the voice of the man who talks at one end of the wire and reproduces them at the other end of the wire where the listener is stationed. With perfected apparatus it will be possible to talk around the world.

   The next question is this: If electricity can send sound vibrations over a wire from Chicago to San Francisco, why can it not also send light vibrations?

   The proper answer is that it can and will. One of the men who make this answer is Dr. Frank M. Close of Oakland, Cal. He has invented a machine which he believes will enable an operator to telegraph a man's face as effectually as the sound of the voice is now telegraphed.

   A Swedish scientist has invented a similar apparatus. Undoubtedly one or the other of these, or some other one that is better still, will be perfected before the end of the century. Then when we in Kalamazoo or Oshkosh converse by telephone with our friend in London, we shall be able not only to talk to him, but also to see him at the same time.

BREVITIES.

   —The village schools open Sept. 8. The vertical form of writing has been adopted and will be in use in all the schools.

   —Another Barnum & Bailey advertising car has been in town to-day. It leaves for Syracuse on the 4:25 train this afternoon.

   —There was a piazza party given on Madison-st. this afternoon in honor of a young lady's birthday, which was a very enjoyable affair.

   —New advertisements to-day are—A. Mahan, pianos, page 5; F. E. Brogden, prescriptions and family receipts, page 8; W. J. Perkins, now is the time, etc., page 6.

   —Mr. Barber of Corning came last night for his horse which was stolen early in the week, and was found by Chief of Police Linderman at the Cortland House barn Thursday.

   —An excursion of fourteen coaches passed through Cortland this morning at 10 o'clock over the D., L. & W. from Scranton and Wilkesbarre to Pleasant Beach on Onondaga lake.

   —The colored people gave a musical and literary entertainment in Collins' hall last night under the direction of T. G. Sampson, the pastor of the A. M. E. church society in Cortland.

   —The case of Lewis Rood against Fred Johnson, both Homer parties, was tried before Justice of the Pence H. A. Dickinson yesterday. This was a replevin case to procure a horse. The justice took time in which to decide it.

   —The stock of The H. M. Whitney Co. was sold at sheriff's sale on the premises this morning on the executions filed last week. It was bid off by O. U. Kellogg in the interest of both the National and the First National banks for $28,185.

   —The annual meeting of the Cortland County Baptist association will be held at McGrawville next Tuesday. The Cortland Baptist association will also be held at the same place, beginning next Wednesday morning and closing Thursday noon.

New Telephone Company.

   Mr. C. S. Bull is canvassing Cortland for subscribers for the new telephone company. The company proposes to supply the telephones for $18 per year, and will connect Homer in with the Cortland circuit so that there will be no extra charge for speaking to subscribers in Homer. Already Mr. Bull has secured about seventy-five names and he believes there is no doubt that he will secure over 300 subscribers in Cortland, as he has hardly begun the canvass of private houses.