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Newspaper
Topeka State Journal
Location
Topeka, Kansas, United States of America
Date
May 09, 1901
Page
1
Sensational advance across the northern shore market sparks a rally in several stocks before a sharp reversal drags overall values lower. Investors watch the Toboggan Slide as gains dissipate and key issues retreat.
The New York trading day shows Northern Pacific moving between large gains and losses, with declines in Union Pacific and Missouri Pacific, while a broad spectrum of stocks including Atchison, St Paul, Amalgamated Copper and United States Steel fluctuate sharply. A note from Charles Sickels and a banking move of 16 million at 6 percent provide steadiness amid the volatility.
New York trading surged with heavy excitement as Northern Pacific stock climbed from 270 to 190 amid frantic orders for immediate and next-day delivery. Reports of ongoing talks among rival interests in Union Pacific and Northern Pacific dominated the scene, with financiers at J.P. Morgan, Kuhn Loeb, and Harriman circles watching for a truce and potential basis for a permanent agreement.
In Los Angeles on May 9, President McKinley and party toured a grand moral parade amid leaden skies and vast crowds. He visited the soldiers' home and met officials, then addressed citizens at the Van Nuys hotel before a celebrity reception at Gen. Otis’s home and a Mount Lowe excursion by select party members.
President McKinley, greeting Governor Gage in Redlands California on May 9, praises California’s welcome as a tribute to the Union and the Constitution. He speaks of gratitude to the chief executive, the unity of states, and the nation’s civiliz ed heritage while noting early American struggles over slavery.
May 9 Jacksonville resumes rebuilding as relief pours in. Officials report martial law with 500 soldiers and 43 officers in control. Aid arrives from New York Journal with clothing and provisions, while a relief fund surpasses 500,000 dollars. Temporary shops and dwellings rise as debris is cleared and foundations prepared for new structures. Authorities expected further aid and reconstruction progress across the city.
A man identified as BR N Pollock was found dead in Cleveland after a self inflicted gunshot. A pistol a razor two ounces of rat poison and aconite tablets were found near the body. Pollick arrived Monday and was last seen with James Fisher. The body lay in a reclining position. No clear motive or clues emerged, a tailor stitched Pollock’s name on a coat. He appeared about 30 with a fair complexion and mustache.
The governing committee roused favor for a Saturday start this week enabling members to catch up on back work and allowing workers to take the needed breaks on the trading floor. The decision also supports the space increases requested by the produce exchange. Temperature notes list May readings for several large cities including New York Philadelphia Washington and Chicago.
Thousands packed the Melbourne coordinate as the first federal parliament opened at noon amid a grand ceremonial display. Dignitaries from Cornwall and York attended, the royal standard rose, and the occasion showcased a multinational, imperial pageant with regimental uniforms, banners, and choral odes.
In Southampton on May 9 Thorne Lipton and Captain Jantewin arrive for speed trials. Mr. Fite is awaited Monday. Weymouth trials proceed with Greywater efforts and further training planned. The Shamrock related events occupy the schedule at Weymouth tonight.
Growth of Indian schools shows changes in attendance for the year ended April 3. The report notes fluctuations in enrollments across districts, with increases in some regions and declines in others. It references Sioux City and Armour areas and mentions packing and shipping industry movements in Armour & Co. and related firms.
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