Wall Street Rebounds After Panicky Slump on May Day
New York May 10 Wall street recovered from Thursday's collapse as the clearing of exchange sheets and honored checks eased fears. Investors led by Union Pacific and Southwestern groups pushed prices up, while banks and shorts settlement reduced tension. Bargain hunters reentered the market, but prudence remained due to recent losses and the holiday ahead.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Stock Exchange
Exchange
Shorts
Northern Pacific
Union Pacific
St. Paul and Lackawanna
Consolidated Gas
Burlington and Amalgamated Copper
International Power
Baltimore & Ohio
St. Louis Southwestern
Sugar
Delaware & Hudson
General Electric
Missouri Pacific
The
Stock Exchange Clearing House
St. Louis Southwestern Ptd
Delaware & Hudson and
United States News
Burlington
St. Paul
Northern Pacific Shorts
Wall Street Rebounds Amid Northern Pacific Settlements
On May 10 New York markets regained poise as stocks rose from yesterday's losses. Union Pacific and Western rails led a broad advance after clearing-house assurances and a $150 per share settlement with Northern Pacific shorts eased fears. Banks funded deals and trading closed strong ahead of the holiday.
Market Turmoil As Northern Pacific Corner Roils Trade
Bradstreet’s review notes speculation on an unparalleled scale led to a sharp price decline with sensational developments. The market then recovered Friday as traders watched the unexpected control contest of Northern Pacific between Union Pacific interests led by Kuhn, Loeb & Co. and the Morgan-Hill faction.
MENTIONED IN THIS ARTICLE
New York
Bradstreet
Financial Review
Northern Pacific
Union Pacific
Kuhn, Loeb & Co
Morgan-Hill
McKinley Tour Through California Sees Old Missions and Fireside Valor
President McKinley travels from Los Angeles through the Santa Clara Valley to San Francisco stopping at Ventura Santa Barbara and San Luis Obispo visiting old Spanish missions and admiring flowers. An emotional Santa Barbara incident sees a firefighter-commander watch his burning home so as not to miss the president. In San Luis Obispo the crowd nearly surges as he speaks from the Ramona hotel veranda and stresses citizenship and peace as core national strengths.
MENTIONED IN THIS ARTICLE
San Luis Obispo
Cal
Los Angeles
Santa Clara Valley
Pacific Ocean
Ventura
Santa Barbara
California
San Francisco
del Monte
Monterey
McKinley
Pacific
Philippines
United States
Rine
Ramona Hotel
Americans Praise Virtue and Intelligence of People
The passage credits the virtue and intelligence of the American people as the source of wisdom and strength for the nation. It emphasizes confidence in citizens and the collective character guiding public life.
Thieves Target President Party in Los Angeles
Admiral Melville of the Presidential Party loses over 600 dollars from his hotel room in Los Angeles as thieves strike during the president’s stay. Senator Wilson and Col. Charles A. Moore were previously robbed. police hunt a possible gang trailing the party.
MENTIONED IN THIS ARTICLE
Los Angeles
Cal
Senator Wilson
Col
Charles A. Moore
Admiral Melville
Colbert Estate in Montana Supreme Court Dispute
Helena May 10 The Montana Supreme Court heard arguments on forcing Judge Harney to hear the Colbert will contest against probate. Attorney General Donovan supported the writ while Roote and Dennis opposed. A decision is expected in about ten days. The court will also hear Parr’s motion to file a second appeal transcript in Lait v Butte Butchering Co.
MENTIONED IN THIS ARTICLE
Helena
Supreme Court
Harney
Butte
Breen
Colbert
Donovan
J. B. Roote
J. B. Dennis
Lait
Butte Butchering Company
Anti gambling law to be enforced by Montana officials
Helena May 10 Special Dispatch reports Attorney General Donovan declined to name County Attorney McConnell in discussing enforcement. He pledged action if county prosecutors fail to enforce the gambling law, aiming equal action against slot machines and all forms of gambling. County Attorney McConnell said he will prosecute violators when complaints are filed, with informations to be filed Monday against Tamkin Lorg and Kelley as they face district court. Faro and roulette remain active in Helena. nickel-in-the-slot machines are not in operation.
MENTIONED IN THIS ARTICLE
Standard
Helena
Donovan
Duffy
McConnell
Lewis and
Clarke County
William Tamkin
H. F. Lorg
J. J. Kelley
Northwest theater managers unite to resist New York trust
Seattle and Spokane house owners led by Vanderbilts, Holland investors, and other eastern capitalists plan mutual protection against the New York based theatrical trust. They organize to block first class attractions from leaving local venues and keep bookings in regional theaters.
MENTIONED IN THIS ARTICLE
Seattle
Wash
Northwest
Theatrical Trust
New York
Spokane
Government Narrowly Escapes Defeat on Education Votes
In the House of Commons London on May 10 the government avoided a defeat as a motion to cut a Scotch education vote failed by a margin of 12. The debate centered on Scotch education estimates with the government defending the allocation amid tight opposition.
MENTIONED IN THIS ARTICLE
London
Houses of Commons
Korea Cancels French Loan and Seoul to Wiji Railroad
A Kobe dated dispatch reports Korea has canceled the 6,000,000 yen French loan and the contract to build the Seoul to Wiji railroad, as conveyed to the Daily Mail.
MENTIONED IN THIS ARTICLE
London
Daily Mail
Kobe
Korea
Seoul
Wiji
Suit for Libel Filed Against M P Markham in London
Vernher Bell and Co have begun a suit for libel against Arthur B. Markham M P alleging the libelous material appeared in a Mansfield constituents address delivered last Thursday night.
MENTIONED IN THIS ARTICLE
London
Three Million Supplied by Legislature at Victoria
Victoria British Columbia May 10. The session ends tomorrow with total legislative expenditures near 3 000 000 dollars not including railway subsidies.
MENTIONED IN THIS ARTICLE
Victoria
B. C
Salisbury's Outing Returns From Beaulieu in France
Lord Salisbury, bronzed and looking exceedingly well, returned this evening from Beaulieu in the south of France.
MENTIONED IN THIS ARTICLE
Salisbury
London
Lord Salisbury
Beaulieu
France
Western freight ratings deferred at Del Monte session
The western classification committee closed its session in Del Monte California today without deciding on an advance in rates for mixed carloads or ratings based on released valuations. Action on the proposed increases was postponed.
MENTIONED IN THIS ARTICLE
del Monte
Cal
Western Classification Committee
Prac
Classification changes set for packing shipments and items
A classification committee adopted changes to ratings for packed shipments. Wood pulp box shipments receive the same rating as crated articles, and fencing in wood and wire drops to fourth class in small lots. Wood pumps and tubing gain mixed car rating. candles and button blanks shift to third class. wire frames to first class. shoe nails and iron tacks to third class in small lots. Next meeting set for St. Louis.
MENTIONED IN THIS ARTICLE
St. Louis
Optimistic Kremlin Tone on Chinese Loan Proposal
Official circles in St Petersburg foresee substantial progress toward a Chinese loan guaranteed by powers to the amount due each. A guaranteed loan is seen as protecting China's integrity by pledging all Chinese territory as security. Samuel Hill, son of James J. Hill, arrives to visit Charlemagne Tower and study international transportation for American Pacific interests, returning via Vladivostok.
MENTIONED IN THIS ARTICLE
St. Petersburg
Russia
China
United States
Washington
Samuel Hill
James J. Hill
Charlemagne Tower
Vladivostock
Hill
American’ Pacific
Americans Evacuate as British and German Zones Finalized
Pekin reports the Americans have evacuated their districts except the Forbidden City and will retain it if ordered by Washington. General Chaffee informed Count von Waldersee he would evacuate areas near British districts and assign others to Germans to prevent chaos. Departure to Manila delayed ten days due to the transport Indiana's smallpox quarantine. troops have been vaccinated.
MENTIONED IN THIS ARTICLE
Pekin
Forbidden City
Washington
Chaffee
Count von Waldersee
Manila
Indiana
Nagasaki
Exchange visits mark cordial China talks in Washington
Washington May 10. Ministers Wu and Conger have shared agreeable social visits since the American envoy to China arrived. The exchanges were purely social with no discussion of China’s political situation beyond a general note on the difficulties of reaching an agreement among many divergent interests.
MENTIONED IN THIS ARTICLE
Washington
Conger
China
Cable Service Interrupted Delays Mail to Taku
The Commercial Cable company reports Chefoo Taku cable interruption. Mail for Taku will go tomorrow afternoon and another consignment is scheduled for Sunday.
MENTIONED IN THIS ARTICLE
New York
Commercial Cable Company Today
Taku
Tientsin Report On Anstedt’s Return From Pekin
Field Marshal von Waldersee reports from Berlin that Anstedt's column has returned to Tientsin after cabling from Pekin. He says no large bands of robbers were encountered.
MENTIONED IN THIS ARTICLE
Tientsen
Berlin
von Waldersee
Pekin
Telegraph service losses cited in Commons debate
London May W Heaton Heaton conservative member in the house of commons cited a yearly loss of 700000 pounds in the telegraph service, totaling 8300000 pounds since government control. Sir Michael Hicks Beach admitted the figures and said unproductive extensions must be discouraged. Heaton asked if lines should be left to private ownership. the chancellor did not reply.
MENTIONED IN THIS ARTICLE
London
Hennecker Heaton
House of Commons
Michael Hicks-Beach
Heaton
Chancellor
Negro lynched in Valdosta after shooting attempt
In Valdosta Georgia on May 10 Henry Johnson, a Black man, was lynched after firing at white youth Foraker and missing. Johnson confessed the plan to kill Foraker before the mob killed him.
MENTIONED IN THIS ARTICLE
Valdosta
Henry Johnson
Foraker
Beet Sugar Factory Planned for Greeley Colorado
Deseret News reports C. A. Granger of Cleveland has arranged a $700,000 beet sugar factory in Greeley Colorado. Utah will contribute $50,000. The plant will process 6% tons of beets daily and start within two years.
MENTIONED IN THIS ARTICLE
Salt Lake
Deseret News
C. A. Granger
Cleveland
Greeley
Colo
Utah
Co-Operative Store Burned in American Fork Utah
A Deseret News special reports the co-operative store at American Fork Utah was completely destroyed by fire. Loss estimated at 65 000 dollars with only 15 000 dollars covered by insurance. The fire origin is unknown.
MENTIONED IN THIS ARTICLE
Co-Operative
Salt Lake
Deseret News
American Tork
Utah
Foster Brothers Firm Files Voluntary Bankruptcy in New York
Ge Inte Bankruptcy case in New York sees Alonzo W. Foster and Augustus C. Foster of Foster Bros managing the New Amsterdam hotel file for voluntary bankruptcy. Liabilities are listed at 64000 with no assets.
MENTIONED IN THIS ARTICLE
Ge Inte
New York
Alonzo W. Foster
Augustus C. Foster
Foster Broa
New Amsterdam
United States District Court
Clash Between Police and Crowd Leaves Persons Injured
Police confronted a crowd amid a tense confrontation, resulting in multiple injuries among bystanders and officers. Authorities respond to the scene investigating causes and dispersing demonstrators.
Riot in Detroit as crowd clashes over police order
About 10 000 men and boys rioted in Detroit streets for more than three hours. Ten citizens and five police officers were injured as mounted and foot police clashed with brick and stone throwers. The disturbance grew after Police Director Andrews ordered crowds away from Tom Bawden’s wagon, leading to a sustained confrontation.
MENTIONED IN THIS ARTICLE
Detroit
Michael Waldin
Louis Cahlin
James Tuomey
Henry Scott
Thomas Murphy
George Moore
Barney Roonan
Andrews
Police Board
Tom Bawden
Bawden
Campus Martius
Liremen
Central Police
Fort and
Randolph Streets
Mavsbury
Cymnat
Four Killed in Boiler Explosion in Huntingdon
At Mount Union on the Huntingdon Broadtop railroad a freight engine boiler exploded killing four crew members. The dead are engineer A. S. Derkstresser, doctor Charles Hollingshead, John Richie, and fireman Thomas Edwards. The cause is believed to be the boiler being refilled with water.
MENTIONED IN THIS ARTICLE
Huntingdon
Hunting Broadtop
Mount
Derkstresser
Charles Hollingshead
John Richie
Thomas Edwards
Chasing Caillos in Laguna Province
Manila May 10 Caillos a prominent insurgent leader in Laguna is closely pursued southward and unlikely to surrender. In Tay province insurgents attacked Paghibach but were routed. A Twenty first Infantry detachment defeated 150 rebels at Camp near Luchan seizing supplies.
MENTIONED IN THIS ARTICLE
Manila
Caillos
Laguna Province
Vita
Laguna Pro
Paghibach
Tay
Twenty
Luchan
Captain Smith Dead in Halifax
Halifax reports the death of Captain W. H. Smith a nautical adviser to the Dominion ment aged years He was formerly with the Allan Line and died suddenly in Halifax today
MENTIONED IN THIS ARTICLE
Smith
Halifax
W. H
Dominionment
Allan Line
Also Mentioned on This Page
Southwestern
Hill-Morgan
J. P. Morgan & Co
Northern Pacific Common
Colbert Estate
Wu and
Georgia
Brickbats
Voltce
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