24 Feb 1911
Page 1
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Newspaper
La Grande Evening Observer
Location
La Grande, Oregon, United States of America
Date
Feb 24, 1911
Page
1
A railroad development curtailment order disrupted early trading, with the rate case drawing bearish attention as bad section markets reacted to the policy move. Traders watched for sector impact and potential ripple effects on related transport and finance equities.
Reports from Portland to New York describe shipper relief at the Interstate Commerce Commission ruling, while railroad executives predict cost cuts and halted expansion. Oregon Lumber association counsel calls it a great victory for shippers. railroad leaders warn of reduced investments and an appeal. Stock markets react with early losses but rebound as investors reassess the impact. London trading mirrors U S declines on the same decision.
Wortland Oregon February 24 The Southern Pacific headquarters expresses no official statement as a decision by the commission on doubling the line west of the Missouri to Huntington Oregon is expected after Monday's review. The general impression is that the railroad's plans are not yet finalized and officials will not speak publicly until fall consideration.
Chicago dispatch reports 1910 margins show mail order houses with nearly 11 percent net profit on $61.84 million gross sales. Armour and Swift packers earned four times the mail order sales but lower margins, while Harvest Trust netted over $24 million on about $60 million in sales, a 40 percent margin.
Gov West vetoes three fair appropriations and hints at vetoing all remaining. He argues state treasury loses 6000 from county and union fair bills though Wallowa and Union counties receive most of the funds. The text notes a three-person commission to handle state funds and lists Huffman MelSenios and Smith as current appointees. Fred J Holmes is credited with securing the permanent appropriation.
California senate nearly unanimous passes the Gates recall bill early today. Indications show the House will pass it and then it goes to voters to decide if it should amend the constitution affecting the judiciary.
A fragment recalling a plan to shoot a person by federal agents. It mentions sending the subject to ENS and killing him if the town is attacked.
San Diego reports confirm battles in the interior with bridges burned as rebels attack Ensenada and Guadaloupe. Harry Dill is taken to Ensenada to be tried as a suspected spy and shot, Governor Vega is removed after a humiliating defeat, and federal forces move to surround Madero troops at Ahumada.
Seattle report says after five days of hearings the grand jury has finished its work and indictments are expected to follow on charges of corruption in the police department.
Oklahoma City Feb 24 The Oklahoma railroad company organized a plan to build an interurban network connecting Oklahoma City El Reno Shawnee and six other cities. Shareholders met to authorize raising the company's capital stock from 3 million to 15 million dollars.
Delegates from YWCA college branches in Minnesota South Dakota Iowa and Nebraska gather at Morningside College Linox City for a four day conference beginning February 24.
Portland Oregon February 24 Kevar, an employee of St John's Waing Mills, was crushed in machinery and killed. He leaves a widow and three young children.
Washington February 24 The Senate finance committee reported the Canadian Reciprocity bill without recommendation voting unanimously to neither report nor oppose the measure Senator Heyburn Idaho said he will oppose the agreement by every square means as far as his conscience allows and refused to state if he would filibuster Kentucky Democrat Ollie James warned of a continuous session until the next election saying lawmakers would press tariff bills form investigation committees at work on federal departments the steel trust and the pork barrel to challenge Taft administration policy.
The Senate debated Beveridge’s bid to oust Lorimer with five loyal senators ready to filibuster. Chambers appeared nearly empty as the row continued, while observers filled the galleries in Washington on February 24.
In Vancouver on February 24 a new major lumber company with 20 million dollars in capital was launched. Headquartered in Vancouver, the British Canadian Lumber Corporation pools British, Canadian and American capital to control extensive timber claims across provinces. Reported timber ownership totals 14 billion feet, exceeding the Southern Pacific’s timber holdings in the United States.
Edson Johnson of Vancouver a sophomore at Whitman College has been chosen captain of the baseball team for the coming season. The veteran player was elected with universal commendation amid a strong turnout by students and faculty in Walla Walla.
In Indianapolis on February 24 delegations of college students arrive to support favorites in the Indiana State Oratorical Association event. Notre Dame DePauw Wabash Earlham and Butler are among participating colleges.
Patrolman Davia is dead after a confrontation with two alleged holdup men in the tol Hill residence area. Officer Herbert Smith fired on the suspects as they opened fire, wounding one and injuring another. The incident occurred late this afternoon at a corner scene in Seattle.
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