Spain allows Cuban tobacco exports under U S pressure
The Herald reports Washington has secured assurances from Madrid that existing US contracts with Cuban tobacco growers will be honored and Spain will permit continued export of tobacco. Minister de Lome says the aim is not war related, and Premier Cano vas del Castillo confirms only pre Wayler decrees may export orders, amid US protests over embargo.
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Morgan Dominates Wall Street as Czar of Finance
J Pierpont Morgan wields immense power over Wall Street guiding major reorganizations of bankrupt corporations and cutting losses in failing railroads. He commands leveraged operations with high fees, exemplified by Erie and Northern Pacific deals, and exerts decisive influence through Exchange. In Hawaii reports praise Milwaukee beer as a healthful stimulant amid tropical heat and long days, with Pabst beer advertised at local venues.
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