09 May 1901
Page 1
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Newspaper
Pendleton Eagle Valley News
Location
Pendleton, Oregon, United States of America
Date
May 09, 1901
Page
1
Fragmented ad copy lists 3¢ a bar toilet soap and various items like games, tackle, hooks, lines, readers, and glassware. Mentions lines of merchandise such as vases and fish figures, with vague ages and brands mixed in.
The Democratic slate carried Fort Wayne Indiana with an increased majority. Other items note fires near Austin Pennsylvania destroying timber. China plans a loan to pay indemnity as troops may begin leaving after payment.
Items from Everett to Baker City mention a gas plant proposal for Everett, Oregon City wheel for deaf mutes closing May 28, K and E mine work resuming in Baker district, and various local developments. Readers learn about school house contract at John Day City, a boiling water well near Yale, and immigration board formation in Wallowa County.
New York May 9 Brokers and speculators faced a volatile session as Northern Pacific surged and sank with others. a panic eased after J P Morgan Co and others pledged not to demand Northern Pacific shares, while Hill denied recent buys and dismissed syndicate clashes as long-standing rumors.
In New York on May 9, conferences between Morgan Hill and Harriman Vanderbilt factions were frequent this afternoon. Despite notable tension over the Northern Pacific dispute, no failure is seen as serious. Reports note proposed exchange laws but nothing decisive yet.
President McKinley expressed alarm over rumors of financial unrest in Los Angeles and sent telegrams to officials in Washington and Chicago seeking clarity on potential panic signals. A broker in Chicago questioned the panic reports and stated there was no danger of a market-wide panic.
In Burlington and Wall Street turmoil, Union Pacific fears for property tied to Burlington purchase. They have bought Northern Pacific stock to block ratification unless a protective agreement is reached. The move reflects Keene’s market insight and a planned triangular pact among Union Pacific Northern Pacific and Great Northern to share control and guarantee burdens.
The report shows a dull wheat market with prices down, Liverpool and New York closing lower, and a panic on the Stock Exchange as most stocks fall, except NPL which surges from 170 to 1000 and closes at 325. Sugar and wool prices show minor movements amid broad market volatility.
Pendleton investors, through Kay & Co, watched New York brokers rally Northern Pacific shares while local participation remained limited. Prices surged, recordings delayed, and a prominent speculator misspoke on selling near 200 as NP rose to 700 then 800, sparking regret over a hoped 8 000 gain.
Madrid reports twenty killed and one hundred wounded from Barcelona riot. Officials warn more violence may spread as authorities in Barcelona impose martial law and send reinforcements to quell unrest. Repairs and tramway disturbances persist amid ongoing disorder across the country.
The Nation's Party or nations organization was launched today in Topeka with state and national committees chosen. In Boston a fire nearly destroyed the Huskees bond Loge by the theater causing about $200,000 in losses. In Jacksonville another body was found in the tre rains as relief leaders urged donors to send cash rather than supplies.
The Duke of York opened the pew parliament in Melbourne today in a ceremonial event. The ceremony was described as brilliant with twelve thousand attendees present.
A morning fire in Ottawa Ontario destroyed the Roy hotel and several small tenements. Three men were buried and died, with several others severely injured in the blaze.
Minister Conger in Washington reports discussions with Minister Gon or Cina about the Chinese situation during the morning meeting.
The Ohio Society hosted a procession in Los Angeles for La Fiesta de las Flores with President McKinley and Mrs. McKinley present.parade featured white horse drawn carriages, multicolored floats, and a giant dragon. crowds lined the streets waving flowers and confetti as bands and the Chamber of Commerce celebrated California scenes and historic visions.
The Society of California patriots organized June 12 1890 promotes moral aid and information about Ohio and its people. Benjamin B Mankell was elected president, succeeded by Colonel Jobo Jackwan and General Jason M Tiloweet who will preside over a banquet for President McKinley as part of the California welcome.
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