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Newspaper
Houston Daily Post
Location
Houston, Texas, United States of America
Date
May 11, 1901
Page
1
In Minneapolis Minnesota the lumber market reports wide price adjustments across grades with significant declines noted by industry sources. The Mississippi Valley Lumbermen’s station cites shaky fundamentals and uncertain demand impacting production and shipments.
New York May 0 Wall Street rose from Friday's gloom in a tentative rebound as demand exhausted supply and big traders bought outright or demanded margins. Investors debated Northern Pacific control while settlement progress paused as holders resisted selling. Banks and brokers faced over speculation penalties, but buying from powerful interests and bargain hunters pushed prices up and narrowed losses.
London May 10 The Wall Street opening disordered the Avorron market with bold selling by Mucantians Clinzio Milwankee and Se Pawlpeti. Early declines narrowed as British and continental buyers reemerged under Pierpont Morgan Speyer and others with cautious optimism before Monday holiday. American authorities reported uneven arrests and market uncertainty lingered amid fading excitement.
May 10 New York stock brokers face collapse after clients miss calls for extra margins. Jackson Brothers and related firms linked to the Consolidated Exchange rumor mill. Officials expected a market halt and possible resumptions by tomorrow.
A Harriman associate asserted the syndicate still wields power over the Northern Pacific and Burlington lines. He said no overnight event changed their grip and that the route would be unaffected without further action.
Unclear OCR fragment from New York financial market page references money rates and bond listings. Mentions prime certificates, silver certificates, state bonds, railroad bonds, and one to twenty percent rates with scattered figures and dates.
The table shows the high point of the boom for active stocks, the low point, and closing prices after Thursday’s break. It then lists Friday’s opening, high, low, and close, illustrating the strong recovery in market prices.
A chaotic week on Wall Street with widespread declines in Northern Pacific and related rail shares. Panic selling, margin calls, and short covering triggered a sharp market drop as traders sought funds to meet obligations and cover losses.
A young girl is abducted and a priest, Father Amado, fled with her amid a public search by Guadalajara's leaders. The treasurer of local religious groups, Amado was a trusted confessor. Authorities warn of a possible flight to a distant province as the community pleads for answers and the return of the girl.
William Snyder, 23, of 010 Laurel Street, earns notoriety for wild gastronomic feats. His latest stunt involved 12 fried eggs and two slices of bread eaten in twenty minutes, followed by oysters and stews in a single session, as onlookers watched a deranged display of appetite.
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