Wall Street Sways as Northern Pacific Corner Crashes Market
A severe stock market crisis centers on Northern Pacific as short sellers face forced cover at prices up to 1000. Stocks including Delaware and Hudson, Manhattan, Union Pacific, and St. Paul suffer steep losses. later rallies emerge but fears persist. Credit tightens with 60 percent bids for accommodation and banks push lending to 16 million at 6 percent.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Northern Pacific
Shorts
Delaware and Hudson
Manhattan
Union Pacific
Rock Island
Atchison
St. Paul
Missouri Pacific
Delaware and
Hudson
Avtison Sv
United States Steel
Preferred
Louisville
Amalgamated Copper
New 4
Wall Street Briefing Suggests New Short-Release Plan
An unidentified conference participant claims Kuhn, Loeb & Co will publish notice to auction Northern Pacific shorts at 150 and J P Morgan & Co will release shorts on the basis of 289, altering the market tension. The report adds that Morgan would grant freedom but provide no stock, while the Burlington deal remains unresolved.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Kuhn, Loeb & Co
J. P. Morgan & Co
Morgan & Co
Morgan Company
Burlington
Morgan Hill control seals Northern Pacific Burlington merger
The Morgan-Hill interests now control Northern Pacific stock and the board can close the Northern Pacific Burlington merger without two thirds stock assent. The old two-thirds rule was abolished in reorganization, granting the board sole power, with two thirds Burling ton stock deposited in trust, sealing the deal.
MENTIONED IN THIS ARTICLE
Morgan-Hill
Northern Pacific
Board of Directors
Northern Pacific-Burlington
Burlington
Railway scheme could push a Lake Michigan line
Representatives of the Pennsylvania railroad are in Minneapolis negotiating a line from Minneapolis to Marinette. The plan envisions a connection with the Grand Trunk and the Pennsylvania system via a car ferry at Grand Ferry or Muskegon on the east shore of Lake Michigan.
MENTIONED IN THIS ARTICLE
Pennsylvania Railway
Minneapolis
That City
Marinette
Grand Trunk
Pennsylvania
Grand Ferry
Muskegon
Lake Michigan
England and Wales Census Reveals Population Rise
London reports this year's census records England and Wales totaling 32,525,716, up 3,525,191 from 1891, a 12.15 percent decade increase. Forty eight counties show gains while fourteen decline. 1891 comparison shows a 11.65 percent rise.
MENTIONED IN THIS ARTICLE
London
England and Wales
Blue Jay Mine Worker Sues Colleague Over Hand Injury
Blue Jay mine employee sues fellow worker Charles Giemund for damages after losing three fingers claiming failure to warn that the mine cage was moving at the time of injury. The case centers on alleged negligence and workplace safety duties.
MENTIONED IN THIS ARTICLE
Blue Jay
Charles Giemund
Giemund
Sage predicts stock market crash and recovery view
Russell Sage, with half a century on Wall Street, says the last two days show fictitious inflated values and a coming smash. He foresees thousands going to the wall but expects only a temporary incident and eventual settlement as national prosperity resists major impact.
MENTIONED IN THIS ARTICLE
New York
Russell Sage
Wall Street
Wall
Harvard's Oldest Living Graduate Dies in Washington
Former Judge John James Hayden of Indiana died in Washington at age 82. Active in early Indiana Republican politics, he served in government service for years and was reputed as Harvard University's oldest living graduate.
MENTIONED IN THIS ARTICLE
Harvard
Washington
John James Hayden
Indiana
Sultans Illness Report Sparks Turkiye Crisis Rumor
London dated May 11 The Athens correspondent for The Daily Mail asserts the sultan of Turkey is very ill and in precarious condition. He refuses a needed operation and has lost energy, leaving state affairs to his chief secretary and a chamberlain.
MENTIONED IN THIS ARTICLE
London
Athens
The
Daily Mail
Turkey
Chamerlain
Suit Commenced in Butte Circuit Court by Fred Co Emminger
A suit of unusual nature has been filed in the circuit court at Butte. Plaintiff is Fred Co Emminger, a miner, initiating legal action against unspecified parties. Further particulars are not provided in the fragment.
William O Briens Paper Seized in Dublin
Police seized William O Briens weekly The Irish People in Dublin with reports citing reflections on King Edward and a coarse personal attack on George Wyndham the Irish secretary. The seizure was confirmed by authorities and stirred political dispute.
MENTIONED IN THIS ARTICLE
Dublin
William O’brien
The
Irish People
Edward
George Wyndham
Germany Faces 70 to 80 Million Mark Deficit
Berlin May 11 Baron von Thielmann imperial secretary of the treasury told the budget committee of the reichstag that the next fiscal year will show a deficit of 70 000 000 to 80 000 000 marks.
MENTIONED IN THIS ARTICLE
Germany
Berlin
Great Northern Strike Hits Great Falls Shops
May 10 Helena Montana Great Northern repair shops in Great Falls close after a wage dispute. About 100 machinists lose work as the company refuses a $3.50 daily for nine hours demand. Forty workers strike prompting closure and possible relocation. Wider system strike feared by machinists.
MENTIONED IN THIS ARTICLE
Helena
Mon
Great Northern
Great Falls
Ross
Railroads resist consolidation plans in Chicago reports
Chicago May 11 The Tribune notes railroad officials in Chicago believe several magnate led consolidations will be abandoned. Presidents of the Rock Island Santa Fe Milwaukee and St. Paul lines say they refused to join projected consolidations and now oppose further mergers with other systems.
MENTIONED IN THIS ARTICLE
Chicago
the Tribune
Rock Island
Santa Fe
Milwaukee
St. Paul
Big Railway Scheme From Minneapolis to Marinette
A special dispatch from Menominee Michigan reports plans for a major railway route linking Minneapolis to Marinette to connect with Grand Trunk Milwaukee line. The proposal emphasizes regional transportation expansion and intercity freight and passenger service enhancements.
MENTIONED IN THIS ARTICLE
Minneapolis
Marinette
Grand Trunk
Milwaukee
the Sentinel
Menominee
Mich
Benson's Plaster Named Universal Remedy Across West
An ad style passage touts Benson's Plaster as the universal external remedy praised by 5000 physicians and druggists. It claims stability like Ames shovels, universal cure claims for coughs, lumbago, rheumatism, and back pain, with 55 awards in tests and 25 cents postage in the United States.
MENTIONED IN THIS ARTICLE
Ames
Oliver Ames & Son
Benson’s
Dullea
Seabury & Johnson, Mfg
Floral Parade dazzles Los Angeles as McKinley reviews
President McKinley, amid a crowd at Broadway, rode in an open carriage drawn by six white horses. Ladies tossed rose leaves as the procession passed, saluting the chief magistrate. He visited the national soldiers home at Santa Monica and met Mrs Fremont, widow of General John C. Fremont, who is an invalid.
MENTIONED IN THIS ARTICLE
Los Angeles
Cal
McKinley
Broadway
Pennsylvania Avenue
Washington
Passadena
National Soldiers
Santa Monica
Jessie Benton Fremont
John C. Fremont
Plow Makers Talk of United States Implement Trust
W B Brinton of Peru plow works says a vast implement trust may unite U S plow makers. Conference in New York includes 90 percent of firms. Proposed capital ranges from 50 to 75 million dollars. Charles H Deere of Moline plow works expected to become trust president.
MENTIONED IN THIS ARTICLE
Chicago
W. B. Brinton
Peru Plow and Wheel Works of
Peru
Ills
United States
New York
Charles H. Deere
Moline Plow Works
Cuban Convention Nears Platt Amendment Endorsement
Havana May 11 The Cuban constitutional convention appears set to accept the Platt amendment though final vote may be delayed. Senor Juan Gualberto Gomez urges public sessions and a plan for a daytime meeting was postponed by printing delays. General Rivera, on leave in Honduras, urges acceptance while parties name mayoral candidates.
MENTIONED IN THIS ARTICLE
Havana
Senor
Juan Gualberto Gomez
Special Commission
Washington
General Rivera
Honduras
Senor Carlos Garcia
Senor Estrada Mora
Senor Gener
Castro Garcia jailed for twenty thousand missing funds in Puerto Rico
San Juan May 11 Castro Garcia who absconded with revenue funds totaling 20000 last June and was extradited from Havana in July has been tried by a native court and sentenced to 32 years. Santiago Palter a leading notary and attorney was found guilty of temporary imprudence for accepting a bogus bond and sentenced to six months. He has appealed to the insular supreme court.
MENTIONED IN THIS ARTICLE
San Juan
Porto Rico
Castro Garcia
Havana
Santiago Palter
Insular Supreme Court
Quarantine Declared on All Alaska Ports in U S Rise
Port Townsend Washington May 11 The United States quarantine officer Dr H M Foster has declared quarantine against all Alaskan ports and all vessels arriving from the North must call here for inspection Reports from across Alaska indicate smallpox is present and spreading rapidly making the action necessary.
MENTIONED IN THIS ARTICLE
Alaska
Port Townsend
Wash
United States
H. M. Foster
Alaskan
White Sewing Machine workers shift to nine hour day
Cleveland May 11 beginning Monday employees of the White Sewing Machine company will work nine hours daily instead of ten with no reduction in wages. The voluntary change affects about 600 men.
MENTIONED IN THIS ARTICLE
Cleveland
White Sewing Machine Company
Will Be Sued for Back Taxes
St Paul May 11 suit will be brought by the state against the Western Union Telegraph company to enforce payment of taxes for 1899 and 1900. The company refuses to pay taxes to Minnesota, alleging exorbitant assessment. Papers are being prepared and action will be instituted promptly.
MENTIONED IN THIS ARTICLE
St. Paul
Western Union Telegraph Company
Minnesota
Also Mentioned on This Page
Morgan
Hill
John H. King
Franks. Browne
Class Insurance Company
Hanover Insurance Company
Cunard
Ameri
Can, Red Star, and
International Steamship Lines
Huron
Europe
Sultan
Sues
William O'Brien
Benson
Pain
Memery
Tion
Algo
Fremont
Manitoba
Assiniboia
Alberta
Saskatc
Chewan
Western Canada
Canada
F. Pedley
Ottawa
Nada
ERS
Watertown
S. Dakota
Eau Tammy Peas
Adda
Parker’s
Marvel
Marvel CO
Room Times
Rho
Alee Ngligh
Chichester SE Eng
Chichester Chemical Co
Madison Park
Phila
Castoria
Cas
Ely
Drugor
ELY ¥ Brothers
Warren Street
B. M. Ross
M_b
Publishing Department
Clars St
N. Lk
Uor Monroe
Ilinois
DeWitt& Co
Madison Medicine Co
Madison
Wis
Bute
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