Valentine Democrat. (Valentine, Neb.) 1900-1930, May 16, 1901, Image 6

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MAY BLOCK BIG DEAL
Tumultuous Proceedings on Wall Street
Affect Burlington Movement
UNION PACIFIC PROTECTING ITSELF
Purchase of Northern Pacific Shares Is to
Provent Rivals Benefiting Kuhn toeb
May now Assent to Triangular Arrange-
- ssent With the Northerners
NEW YORK May 9 The Evening
Post In discussing the Northern Pa
cific situation says Kuhn Loeb
Co it was creditably stated today
have acquired sufficient Northern Pa
cific stock to prevent if they desire
the approval of the Burlington pur
chase by Northern Pacific sharehold
ers Their purchases for the most part
have been made within a week Some
compromise will be made as the par
ties in conflict are so important and
Union Pacific interests which the
management of that property felt were
threatened by the aggressive policy of
the Northern Pacific will be protected
by agreement or by Mr Harriman and
perhaps other Union Pacific directors
going Into the Northern Pacific board
These are matters which necessarily
are still unsettled but Kuhn Loeb
Oo now have virtually the power to
determine whether the Northern Pa
cific will secure the Burlington and
whether assurances given that their
Union Pacific interests will be fully
protected It appears that they would
not push their advantage so far as to
stop the merger proposed by Mr Hill
Dealing with the relations of things
In the turmoil of Wall street the
N financial writer of the Evening Post
in a news leader in its edition this
evening says The fundamental fact
in the Northern Pacific situation was
4hat the Burlington deal is placed in
jeopardy as matters stand at present
Union Pacific interests who were
alarmed at the danger of their prop
erty lying in the control of the Bur
lington by the northern transconti
nental line have bought the ratifica
tion of the Burlington purchase by the
Northern Pacific shareholders unless
some agreement is made with them
which will protect their interests suf
ficently
The corner in the shares was un
precedented That development re
sulted it is said from Mr Keenes
clever appreciation of the situation in
the stock the legitimate demand for
which had heavily reduced the floating
supply The corner is a secondary
aspect though the more spectacular
one to the public in a movement of
far reaching consequences possibly
putting a stop to the plans for the
greatest of railroad mergers upsetting
President Hills audacious plan to have
the Northern Pacific control Burling
tons operations
The policy of Kuhn Loeb Co has
been essentially one of self protection
and being now in a dominant position
where the balance of power in the
western railway situation so rudely
disturbed by Mr Hills Burlington
deal has been restored they will con
tent themselves Rather than create
lasting hostilities among the great
Western railroads which would follow
the abandonment of the Burlington
deal there probably will be made a
triangular arrangement with the
Union Pacific sharing the control as
well as the Northern Pacific and the
Great Northern under a modification
of the burden of the guaranty
BUE TO CORNER ON CORN
That Is Why Starch Mills Are to Be
Closed Indefinitely
NEW YORK May 9 William F
Piel Jr president of the National
Starch Manufacturing company when
seen at his residence in Brooklyn to
night said that it was true that the
company had ordered all its factories
closed He said that it was done on
account of the present corner in corn
at Chicago Mr Piel said the company
did not care to purchase corn while
the corner is on but would wait un
til the market became stable He said
it was simply a case of business pro
tection and that he thought the shut
downs would not last for any great
period of time
Treasnry Baying Bonds
WASHINGTON May 9 The secre
tary of the treasury today bought
89000 short term 4 per cent bonds
at 11364
Secretary Gage late this afternoon
purchased 75000 short term 4 per
cent bonds at 11365
He also purchased 30000 short
term 4 per cent bonds at 11365
Deere ef Molme Is Slated
CHICAGO May 9 W H Printon
president of the Peru Plow and Wheel
works of Peru 111 said The plow
combine is likely to be merged into
a great trust of all the implement
makers of the United States Ninety
per cent of them art ow represented
in a conference at New York The
capital of tho new trust will be as
much as 50000000 and may amount
to 75000000 Charles H Deere will
bo made president
CLAIM CRISIS IS PASSED
Industrial Leader Asserts that Financial
Storm Has Spent Its Fnry
NEW YORK May 10 A banker
who participated in the movement to
relieve the market this evening made
this statement to the Associated
Press
We loaned 1000000 in the market
after 10 oclock today some of it as
low as 6 per cent and feel that the
crisis is over I do not believe that
a single large loan will go down
There have been tremendous losses
Thousands of accounts representing
millions of dollars are wiped out
But the banks are firm and the large
operators are I think capable of
caring for themselves You see they
have been taking large profits and are
capable of standing up At present
prices I feel that stocks are a good in
vestment and look for heavy buying
orders A good day and the market
will be steady again The banks
acted together today but there was
no consonance of agreement about it
We placed about 16000000 in the ag
gregate and the moral effect was
good Wall street could not stand
man days like this but as it is the
storm is weathered and the situa
tion will improve from the opening
tomorrow
An industrial leader made this state
ment to the Associated Press
I believe the worst of the storm is
over They have been conferences of
importance among the larger financi
ers and it has been decided that every
man of standing in the street shall
be protected I had thought there
would be failures but there are in
fluences strong enough to avert at
work and I am no sure they will suc
ceed I look for bjuying orders and a
rally in the market There will also
bo peace among the interests now at
war
ARMOUR GETS SIOUX CITY PLANT
Acquires International Packing Com
panys Property
SIOUX CITY May 10 It became
known here today that Armour Co
of Chicago have purchase the old In
ternational Packing plant and will
operate it The plant was built by the
Silberhorns at a cost of 400000 It
covers five acres of ground The ca
pacity of the plant is 500 cattle 3250
hogs and 1000 sheep
In 1899 the plant was acquired by
the International Packing company
which operated it until the reorganiza
tion of the company when the Sioux
City Provision company took charge
a few weeks ago
Sioux City people are rejoicing be
cause of the fact that a rivalry for
business is expected to spring up be
tween the Armour plant and the Cud
ahy concern now in operation here
GETS THE HARVARD DEGREE
McKinley to Be Made a Doctor of Iaws
at Jnne Commencement
BOSTON May 10 The board of
overseers of Harvard university at the
regular meeting here today voted to
grant the degree of doctor of laws
to President McKinley The degree
will be conferred at the commence
ment in June
President Solomon Lincoln of the
board announced the action after the
meeting but he declined to state how
the vote stood From another source
it was learned that it was 26 to 3
The meeting was prolonged from 11
oclock until 2 The intense interest
in the question to be acted upon was
evinced by the large attendance only
seven of the twenty nine members of
the board being absent
England Takes Census
LONDON May 10 According to
the returns of this years census the
total population in England and
Wales is 32325716 This is an in
crease over the population of 1891 of
3523191 or in other words an in
crease of 1215 per cent in the last
ten years The increase in th6 decade
between 1881 and 1891 was 1165 per
cent
According to the census forty eight
counties show increases while four
teen show decreases
To Have a Street Fair
WYMORE Neb May 10 The busi
ness mens association has decided to
hqld a street fair the coming Septem
ber and the following committee has
been named to arrange che prelim
inary work R P Boyle J A Reul
ing T P Hargrave and J R Dodds
The fair will last for a week and every
day will be a special day including a
firemens tournament corn carnival
flower parade etc Several thousand
dollars have been guaranteed foi
amusements
To Protect Western Roads
NEW YORK May 10 A confer
ence was held in Kuhn Loeb Cos
office between Jacob H Schiff E K
Harriman and George J Gould rio
official statement could be obtained
but it was reported that a settlement
of the railroad differences in the
west had been arranged and that as
surance would be given to the Rock
Island St Paul and Unioii Pacific
companies that their interests would
be protected in an alliance
fcTL A T -
THE LIVE STOCK MARKET
Latest Quotations from South Omaha
and Kansas City
Cattle There was another liberal run
of cattle and as the supply for the week
up to this time has been heavy packers
started in to pound the market Sellers
held for steady prices and as a result the
market was very slow and draggy and
it was late before much of anything was
done There were not far from SO cars of
beef steers on sale and packers started
in bidding generally a dime lower In
some cases where the cattle just suited
them they did not try to take off that
much but in the case of the commoner
kinds they frequently bid more than a
dime lower Sellers held for steady
prices but packers would not raise their
bids and for that reason the market was
very slow and draggy and nothing like a
clearance was made until a late hour
The cow market was in better shape
there being only about a dozen cars on
sale Bulls if of satisfactory quality met
with ready sales at yesterdays quota
tions Stockers and feeders were not in
very active demand and in fact the mar
ket could be quoted slow and weak
Hogs There was not as heavy a supply
of hogs as there has been of late and the
market opened strong to 2c higher The
bulk of the early sales went at 567
with the choicer loads at 570 and occa
sionally one at 572 and as high as 575
was paid The lighter hogs sold largely
at 565 After the first few rounds buy
ers lowered their bids as they claim they
are paying almost Chicago prices They
want to buy the general run of hogs at
562 and 565 or about the same as they
paid yesterday Sellers were holding for
the morning prices and as a result noth
ing was done for a time
Sheep The following were the quota
tions Choice wooled wethers 42O440
fair to good wooled wethers 400420
clipped wethers 385400 fair to good
clipped wethers 360385 choice light
weight ewes wooled 400415 fair to
good ewes 350400 clipped ewes 325
375 choice wooled lambs 490500 fair
to good lambs 465490 clipped lambs
420440 fair to good clipped lambs 375
420 spring lambs 550650 feeder
wethers 35040 feeder lambs 400
440
KANSAS CITY
Cattle Best beef steady to 10c lower
stockers and feeders steady cows and
heifers 1015c lower choice beef 520
560 fair to good 450515 stockers and
feeders 385500 western fed steers 450
525 Texas and Indian 4305CO cows
300450 heifers 325500 canners 225
300 bulls 325475 calves 400600
Hogs Market opened steady and closed
6c higher top 585 bulk of sales 560
575 heavy 575585 mixed packers 560
575 light 525567 pigs 450520
Sheep and Lambs Market 5c higher
western lambs 475510 western weth
ers 410465 western yearlings 425
470 ewes 350400 culls 250350 grass
Texans 350400 spring lambs 500650
MKINLEY THROUGH A WINDOW
President Has to Do Acrobatic Stunt to
Escape Press of People
SAN LUIS OBISPO Cal May 11
The presidential party stopped at San
Luis Obispo It was almost dark when
the train arrived The president and
party were driven to the Ramona
hotel where the president spoke briefly
from the veranda After he had con
cluded the crowd surged up the steps
in a vain endeavor to get near him and
there was almost a panic for a moment
With some difficulty the president was
extricated through a window into the
parlor and thence to a rear exit where
he got his carriage to the train Sev
eral of the party had narrow escapes
from severe injury
Off ci s to Find Missing Body
FORT DODGE May 11 The friends
of George McMabon the farmer who
mysteriously disappeared about three
weeks ago have received a letter from
a medium in Minneapolis stating that
McMahon was killed by a neckyoke on
the same night of his disappearance
The medium offers to find McMahons
body provided 500 is placed in one of
the banks of this city to be paid to
her if successful Mrs McMahon has
done this and says she is willing to
give 1000 to locate her husband Mr
McMahons friends have determined
not to give up the search and if the
medium fails to find the body they will
probably place the matter in the hands
of the Pinkerton agency They say
they will maintain the search even if
it lasts for years
Becomes Suddenly Demented
PERU Neb May 11 John TVood
ard whose home is four miles east of
Hamburg la was taken in charge by
friends here while suffering from what
is thought to be temporary dementia
Woodard came here to spend a few
days with his children at school in
Peru He conceived the idea that he
was to be buried in Mount Vernon cem
etery near here and in order that he
might save himself from being carried
to the grave he started to walk to the
cemetery last night partially undress
ing en route
Mr Gages Bond Baying
WASHINGTON D C May lit Sec
retary of the treasury today purchased
28500 short term 4 per cent bonds
at 11365 He also bought 200 short
terms at 11357 This purchase is of
date April 27
Dispute Is at a Deadlock
NEW YORK May 11 A Wall street
news agency made this statement yes
terday afternoon It is authoritatively
stated that the principal matters in
dispute regarding the affairs and pol
icy of the Northern Pacific Railway
company are at a deadlockroni which
a change is hardly to be Expected by
the arrival here of J P Morgan The
agreement of Thursday night appears
to have been prompted wholly to re
lieve the actual short interest
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itlL4t4ltt JfcaB JNWSV 3
The Chafing Dish an Old One
The chafing dish is among the most
ancient adjuncts to the culinary de
partment of all nations It was in
great demand at the grand feasts given
by the wealthy citizens in ancient
Rome Some of these dishes have re
cently been found among the ruins of
Pempeii They are of exquisite work
manship
Colonel McClures Successor
With the retirement of Col McClure
from the Philadelphia Times Dr
Alfred C Lambdin who has been his
associate in the editorial direction of
the paper from its first issue has be
come the editor Darwin G Fenno
who has been the managing editor for
many years continues in that respon
sible position
Emigration From Ireland
Ireland lost by emigration last year
45288 souls an increase over 1899 of
3347 Over 82 per cent of these were
between the ages of 15 and 35 Of
the total number of emigrants 37765
came to the United States Great Brit
ain received 6050 New Zealand 64
Canada 472 and Australia 834
Hes a Cigarette Fiend
The emperor of China is now said
to be suffering from the effects of too
much tobacco According to reports
he smokes cigarettes continuously and
as many American cigars as he can
get
A Miracle Explained
Bryant Mo May 13th The sensa
tional cure of Mrs M A Goss of this
place has sent a ripple of excitement
all over Douglas county and Dodds
Kidney Pills the remedy in question
are receiving thereby the greatest ad
vertisement any medicine has ever had
in this state
To satisfy the many inquiries which
she finds it impossible to answer by
letter Mrs Goss has sent the follow
ing statement of her case to the St
Louis Globe Democrat
I did not think I could live a day
and suffer as I have lived and suffered
for months with Sciatica and Rheu
matism I used baths and liniments
of all kinds Two physicians treated
me one of them for two months Noth
ing helped me in the least I never
slept more than ten or fifteen minutes
at a time I was bedfast and had to
lie on one side all the time I used
to wish for death to deliver me from
such torture
A friend suggested Dodds Kidney
Pills and after I had used them a
week I began to Improve and in about
four weeks I could sit up in bed A
few days later I walked a quarter of
a mile and back I now do all my own
cooking and housework The pain
has entirely left me and I am a well
woman I have taken altogether six
teen boxes of Dodds Kidney Pills
Dodds Kidney Pills saved my life
Mrs M A Goss
People come for miles to see Mrs
Goss and hear her wonderful story
Dodds Kidney Pills are working mar
velous cures in Missouri
Nebraska Calls It Bobbery
Evidence that money or goods were
obtained from a man by charging him
with a crime and threatening to ex
pose him is held by the supreme court
of Nebraska to be sufficient to estab
lish the crime of robbery
What Do the Children DrlnkT
Dont give them tea or coffee Have yon
tried the new food drink called GRAIN O
It is delicious and nourishing and takes the
place of coffee The more Grain 0 you give
the children the more health you distribute
through their systems Grain O is made of
pure grains and when properly prepared
tastes like the choice grades of coffee but
costs about fcs much All grocers sell it
15c and 25c
Theres no use trying to pump
some people unless you know how to
handle them
148 will buy new Upright piano on
easy payments Write for catalogues
Schmoller Mueller 1313 Farnam
Street Omaha
Time is money said the man who
paid the jeweler 150 for repairing a
98 cent watch
The test of a good novel is public in
ability to wait until it comes out in
paper covers
An orchestra of not more than twen
ty pieces can easily make the effect of
forte
If a woman has a mirror in her room
theres where the carpet will wear out
first
The Touring President
After April 29 on which date Presi
dent McKinley will leave Washington
for the Pacific slope he will spend
very little time in the capital till next
fall The western trip will occupy six
weeks and after his return the presi
dent will almost immediately go to
New England to attend the commence
ment of Wellesley and Harvard univer
sities and to be the guest of Senator
Hoar After a sojourn of three days
at Mr Hoars home in Worcester
Mass Mr McKinley will visit Senator
McMillan at Manchester-by-the-Sea
and later will go to Hingham the home
of Secretary Long where he will spend
the Fourth of July He will pass the
remainder of the summer at Canton
Electrically Worked Farm
The United States consul at Magde
burg Germany describes an electrical
farm operated in Germany in which
the power for generating the electric
current was derived from a stream
whose waters were dammed up to se
cure the necessary fall to turn a large
turbine wheel Nearly all the farm
machinery including pumps harvest
ers feed cutters threshing machines
churns and ploughs were operated by
the electricity thus generated which
was conducted to all parts of the farm
on overhead wires
Willing to Compromise
The following letter written by a
woman in Kansas has been received
by the Philadelphia police department
Chief Police will you see the woman
whose name is in the inclosod adver
tisement i will settle with her for
500 She has a medicine which she
says will Remove hair from the face i
sent her one dollar and got a bottle
of the medicine and it burnt my face
and now i have got a heavy beard the
doctor say i will have whiskers now
all my life if she will give you 500
i will take it and say nothing against
the woman
Californias Oiled Roadbeds
The practice of oiling roads to keep
the dust down was begun in California
a few years ago and is extending to
several parts of that state The dry
season is so long that the idea of ob
taining dustless roads is naturally at
tractive to Californians and the suc
cess that has attended the use of oil
for this purpose promises to cause its
even more general adoption
Deserved to Win
November 5 last the day before her
husband was elected county super
visor Mrs Felix J Jauron of Salix
la gave birth to a twelve pound boy
Mr Jauron was elected to the same
position three years ago and a few
days prior to that election he became
the father of girl twin babies He
was the only democrat elected in
Woodbury county
Work of One Woman
There will be only one building at
the Pan American exposition in Buf
falo designed in its entirety by a wo
man and that one is the structure
which will represent the states of
New England The woman whose bril
liancy as an architect has gained for
her this honor is Miss Josephine
Wright Chapman of Boston
The Oldest Doctor
The oldest duly qualified physician
in the world resides at Carlsbad in the
person of Gallus Ritter von Hochber
ger M D imperial and royal coun
selor of the Austrian court He was
born on October 15 1803 and there
fore is 97 years old He has been in
practice for seventy four years and still
gives medical advice
Beet Beer
Manufacture of beer from beet roots
is being advocated in England The
beet abounds in sugar juice but it is
stated that the cost of separating it
from the gums acids and salts is some
what expensive and would result in a
higher price being charged for the
beer
When Their Terms Begin
Alabama and Kentucky Inaugurate
their governors in December Georgia
in November Louisiana in April
Rhode Island in May and Vermont in
October The term of the governor of
New York expires officially on Decem
ber 31 and from January 1 to March
4 1901 Theodore Roosevelt will be a
private citizen
The Only Woman Admiral
The queen of Greece is the only wo
man admirai in the world She was so
appointed by the late Emperor Alex
ander III df Russia because of her
love for the sea instead of being given
a regiment according to custom
A-
Match
rfc t -
W
THE SASKATOON DISTRICT
ONE OF THE NEW WESTERN
CANADA DISTRICTS
The threat AdTaatajce of Settlement
Where the Soil Is of Unex
ampled Fertility
During the past year or two a largo
number of American settlers those
going from the United States to Can
ada have made homes in the Saska
toon district in Western Canada They
have found the climate all that could1
be desired and their prospects are of
the brightest In writing of it a cor
respondent says
The lands for sale are choice selec
tions from a large area and every
farm is within easy distance of a rail
way station Experience hasshown that
this district enjoys immunity from
summer frost from cyclones and bliz
zards The South Saskatchewan
flowing through the tract is one of
the finest rivers in the country be
ing navigable and having an averaga
width of stream of 1000 feet
The agents of the Canadian govern
ment whose advertisement appears
elsewhere in your paper and who will
be pleased to furnish full information
tell me that within the limits of tho
tract there are two distinct varieties
of soil One is a rich black loam and
the other la a somewhat lighter loam
containing a small admixture of sand
There appears to be no appreciable
difference between the fertility of these
two kinds of soil Both are alluvial
in their characteristics both are mar
velously productive and both rest
upon a subsoil of clay The ad
vantage of this formation is that it
retains the heat of the day during tho
night and is favorable to the early
maturity of crops Every kind of
crop will here attain the highest per
fection of quality The land is admir
ably adapted for stock raising and
dairy farming as well as growing
grain Some idea of the richness of
the natural grasses of the prairie may
be formed from the fact that more
than 200 tons of hay were gathered
within a short distance of Saskatoon
and stored up for use during the win
ter A growth so luxuriant demon
strates beyond all possible question the
suitability of the land for pasturing
cattle and no doubt this Important in
dustry will be largely carried on
Nature has been lavish in her gift3
to this territory Not only is the soil
of unexampled fertility but the climate
is delightful and healthy Such is tha
testimony of every settler and this
testimony is confirmed by enthusiastic
opinions from every traveler explorer
missionary or newspaper correspond
ent who has ever visited this far
famed Saskatchewan Valley In form
er years vast herds of buffalo came
here to winter from the elevated
storm swept regions south of the
United States boundary line proving
thereby the adaptation of these rolling
prairies to the purpose of raising
stock The land is dry with sufficient
but not excessive rainfall capable of
early cultivation in the spring and
free from summer frosts The config
uration of the country renders artifi
cial drainage unnecessary and pre
vents the accumulation of stagnant
pools mists and fogs are seldom seen
The days of summer are full of sun
shine under the genial influence of
which crops rapidly ripen Autumn
is characterized by an almost unbrokens
succession of fine weather during
which the crops are safely garnered
In winter it is cold but extremely ex
hilarating and pleasant owing to tha
wonderful dryness and bracing quali
ties of the air The winter 13 a source
of profit as well as enjoyment to the
people being far healthier than a
humid climate
Water and fuel these two primei
necessaries of life are plentiful
throughout the district
Probably the majority of clergymen
are poor because they preach without
notes
Ask your grocer for DEFIANCE
STARCH the only 16 oz package for
10 cents All other 10 cent starch con
tains only 12 oz Satisfaction
teed or money refunded
Starts the Meal
IjF V fsg
WIC
Oil Stove
No Fuss
No Muss
MJ
BLUE
FLAME
If your dealer
does not keep
them write to
the nearest
agency of
STANDARD
CIL
CO
y
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