The frontier. (O'Neill City, Holt County, Neb.) 1880-1965, May 16, 1901, Image 2
MAY BLOCKJIG DEAL * Tumultuous Proceedings on Wall Street Affect Burlington Movement. UNION PACIFIC PROTECTING ITSELF Pnrohane of Northern Paolfle Share# It to Prevent Rival*# Benefiting—Kuhn Loeb May now Astent to Triangular Arrange ment With the Northerner#. / ■ NEW YORK. May 9.—The Evening Post, In discussing the Northern Pa cific situation, says: Kuhn, Lodi & 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 he 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 he protected by agreement or by Mr. Harrlman and perhaps other Union Pacific directors going into the Northern Pacific board. These are matters which necessarily are still unsettled, but Kuhn, Ix)eb & 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 he 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 financial writer of the Evening Post, In a uewH leader in its edition this evening, aays: The fundamental fact In the Northern Pacific situation was that 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 flcently. The corner In the shares was un precedented. That development re sulted, !t is said, from Mr. Keene's 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 Hill's audacious plan to have the Northern Pacific control Burling ton’s operations. The policy of Kuhn, I,oeb & 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 l)\y Mr. Hill’s 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 Unlou Pacific sharing the control as well as the Northern Pacific and the Great Northern, under a modification of the burden of the guaranty. DUE TO CORNER ON CORN* That U Why Starch Mills An to Be Closed Indefinitely. NEW' YORK. May 9.—William F. Plel. Jr., president of the National Starch Manufacturing company, when seen at his residence in Brooklyn to night, said that it was true that the compauy 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 whs simply a case of business pro tection, and that he thought the shut downs would not last for any great period of time. Treaaury Bnylng Banda. WASHINGTON, May 9—.The secre tary of the treasury today bought $89,000 short term 4 per cent bonds at m.64. Secretary Gage late this afternoon purchased $75,000 short term 4 per cent bonds at 113.65. He also purchased $30,000 short term 4 per cent bonds at 113.65. Deere of Moline la 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 ar* aow represented In a conferenca at New York. The capital of the new trust will be as much as $50,000,000 and may amount to $75,000,000. Charles H. Deore will be made president." CLAIM CRISIS IS PASSED. luduatrinl Leader Aaserta that Financial 8torm llaa Spent Its Fury. NEW YORK, May 10.—A banket who participated in the movement to relieve the market this evening made this statement to the Associated Press: "We loaned $1,000,000 in the market after 10 o'clock 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 barks are firm and the large operators are, I think, capable of caring for themselves. You see, they have been takWig 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 he steady again. The banks acted together today, but there was no consonance of agreement about it. We placed about $1G,000,o5o In the ag gregate and the moral effect was good. Wall street could not stand many days like this, hut 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 he failures, hut there are in fluences strong enough to avert at work and I am no sure they will suc ceed. I look for buying orders and a rally In the market. There will also be. peace among the Interests now at war.” ARMOUR GETS SIOUX CITY PLANT. Acquires International Packing Com pany's Property. SIOUX CITY, May 10.—It became known here today that Armour & Co. of Chicago have purchase the old In ternational Pnckiug plant and will operate It. The plant was built by the Sllberhorns at a cost of $400,000. - It covers five acres of ground. The ca pacity of the plant is 500 cattle, 3,250 hogs and 1,000 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 » Doctor of Lawi At June Commencement. BOSTON, May 10.—The board ol overseers of Harvard university at the regular meeting here today voted to grant the degree of doc'or 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 o’clock until 2. The Intense Interest In the question to he acted upon was evinced by i^e largo 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 year’s census the total population in England and Wales is 32,325,716. This is an in crease over the population 0f 1891 of 3.523,191, or, in other words, an in crease of 12.15 per cent in the last ten years. The Increase in the decade between 1881 and 1891 was 11.65 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 men’s association has decided to hold a street fair the coming Septem ber and the following committee' has been named to arrange *ihe prelim inary work: R. P. Boyle, ,T. A. Reul iug. T. P. Hargrave and J. R. Dodds. The fair will last for a week and every day will be a special day, including a firemen’s tournament, corn carnival, Hewer 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, I,oeb & Co.’s office between Jacob H. Schitf, E. K. Harriman and George J. Gould. Nc official statement could be obtained, but it was reported that a settlement o' the railroad differences in the west had been arranged and that as surance would be given to the Rock Island, St. Paul and Union Pacific companies that their interests would be protected in an alliance. THE LIVE STOCK MARKET Latest Quotations from South O 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 vtfere not far from 80 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 arid draggy and nothing like a clearance was made until a late hour. Th* cow market was In better shape, there being only about a dozen cars on sale. Bulls, if of satisfactory quality, met with ready suits at yesterday's 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 2l,£c higher. The hulk of the early sales went at $5.67%, with the choicer louds at $5.70, and occa sionally one at $5.72»^, and as high as $6.75 wa,s paid. The lighter hogs sold largely at $5.65. 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 $5.62Vfc and $6.65, 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, $4.20@4.40; fair to good wooled wethers, $4.00@4.2G; clipped wethers, $3.S5@4.00; fair to good clipped wethers, $3.60@3.85; choice light weight ewes, wooled, $4.00@4.15-, fair to good ewes, $3.50@4.00; clipped ewes, $3.25® 3.75; choice wooled lambs, $4.90@5.00; fair to good lambs, $4.65474.90; clipped lambs, $4.20®4.40; fair to good clipped lambs, $3.75 @4.20; spring lambs. $5.50®6.50; feeder wethers, $3.5O®4.0; feeder lambs, $4.00® 4.40. KANSAS CITY. Cattle—Best beef, steady to 10c lower; stockers and feeders, steady; cows and heifers, 10® 15c lower; choice beef, $5.20® 5.60; fair to good, $4.50@5.15; stockers and feeders, $3.85@5.00; western-fed steers, $4.50 @5.25; Texas and Indian, $4.30@5.00; cows, $3.00@4.50; heifers, $3.2S@5.00; canners, $2.25 @3.00; bulls, $3.25@4.75; calves, $4.00@6".00. Hogs—Market opened steady and closed 5c higher; top, $5.85- bulk of sales, $5.60® 5.75; heavy, $5.754i5.85; mixed packers, I5.C0 @5.75; light. $5.25®5.67*; pigs. $4.50@5.20. Sheet) and Lambs—Market 5c higher; western lambs. $4.75@5.10; western weth ers, $4.10<f44.65; western yearlings, $4.25® 4.70; ewes. $3.50®4.00; culls, $2.50@3.50; grass Texans, $3.50444.00; spring lambs, $5.00@6.50. M’KINLEY 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 eon eluded 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 of a to Find MitMiug Body. TORT DODGE, May 11—The friends of George McMahon, (he 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 McMahon's body provided $f>00 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 $1,000 to locate her husband. Mr. McMahon’s 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 se-arch, even if it, lasts for years. Become* Suddouly Demented. PERU, Neb., May It.—John Wood 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. (laxe'i Bond Buying. WASHINGTON, D. C., May 11.—Sec retary of the treasury today purchased $28,500 short term 4 per cent bonds at $113.65. He also bought $200 short terms at $113.57, This purchase is of date April 27. Dlaputfi I. 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 deadlock.^rom 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. The Chafing Dlih 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 Pompeii. They are of exquisite work manship. Colonel McClurn't ^acciiior. With the retirement of Col. McClure from the Philadelphia Times, Dr. Alfred C. Lambdln, 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 45,288 souls, an Increase over 1899 of 3,347. Over 82 per cent of these were between the ages of 15 and 35. Of the total number of emigrants 37,765 came to the United States, Great Brit ain received 6,050, New Zealand 64, Canada 472 and Australia 834. He'i 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 UlneU Explained. Bryant, Mo., May 13th.—The sensa tional cure of Mrs. M. A. Goss of this place has sent a ripple of excitement ail over Douglas county, and Dodd’s 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. 1 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 Dodd’s 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 Dodd’s Kidney Pills. Dodd’s Kidney Pills saved my life. “Mrs M. A. Goss.” People come for miles to see Mrs. Goss and hear her wonderful story. Dodd's Kidney Pills are working mar velous cures in Missouri. — , Nebraska Call. It Robbery. 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 I>« tha Children DrlnkT Don't give them ten or coffee. Have yon tried tne new food drink called GRAIN-O? It is delicious and nourishing, and takes the place of coffee. The more Grain-O you give the children the more health you distribute through their systems. Grain-O is made of pure grain-;, and when properly prepared tastes like the choice grades of coffee, but costs about X as much. All grocers sell lk Uo and 30c. There’s 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 atreet, Omaha. "Time is money,” said the man who paid the Jeweler $1.50 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 there's where the carpet will wear out first. The Tonring President. Aft.’r 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. Hoar's 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 1 have got a heavy beard the doctor say i will have whiskers now all my life, if she will give you $500 1 will take it and say nothing against the woman.” California's 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 Ca.ifornians 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 he 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 admiral In the world. She was so appointed by the late Emperor Alex ander III. of Russia, because of her love for the sea, instead of being given a regiment, according to custom. Af&tch rts the A f Vou use « DKLESJ i I Stov THE SASKATOON DISTRICT! ONE OP THE NEW WESTERN CANADA DISTRICTS. Th« Great Advantages of Settlement; Where tho Soli 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 could' 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 average width of stream of 1,000 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 the tract there are two distinct varieties of soil. One is a rich black loam, andi the other is a somewhat lighter loam, containing a small admixture of sand. There appears to be no appreciates difference between the fertility of thesa two kinds of soil. Both are alluvial in their characteristics, both are mar velously productive, and both rest upod 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 giowth 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 gifts to this territory. Not only is the soil of unexampled fertility, but the climate is delightful and healthy. Such is the 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 unbroken) succession of fine weather, during which the crops are safely garnered. In winter it is cold, but extremely ex hilarating and pleasant, owing to the wonderful dryness and bracing quali ties of the air. The winter is 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.