i
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Y
a
The
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1 IE
Panic Sweeps the New York
Stock Exchange
KEENE HOLDS HIS CORNER
Northern Inclllo Hid Up to ttlOOO liy the
lruntlo Short While All Other Sliirk
Oo Doirn With riuiiguHanU Ollor
Muuejr ixt Low Hutu
New York- May lO Ulttor stress tie
vcluiieil in Wall uti uut by the hl coiuI
hour of tratlliiK on the Slock exehange
yeoteitlay The violence of the eouiuiu
tlou had Hiient imich of Its force at
least for the time being when the
chairmans gavel fell anounelng the
clohe of the days proceedings The
casualties were great and the Held of
battle was strewn with the wounded
nd may be with the dying
Late In the day the principal bunks
la the llnuncial district agreed to form
a pool and raise a fund to loan the
money rate down to 0 per cent on the
Stock exchunge The bid for money
had been run up to GO per cent and
was threatening to keep alive the
panic
The state of excitement was very ap
parent all through the financial dis
trict during the period of the panic
but there were few sensational scenes
Now and then a white faced woman
would peer from a cab outside a
brokers olllce and would be driven oft
in a fainting condition after receiving
a message from the Interior Where
ever any near approacli could be made
to a ticker or to a board on which quo
tations wore posted there were great
throngs of excited speculators scram
bling for a view of the market In
the brokers olllces many men sat who
were reduced to absolute ruin ns a re
sult of 15 minutes proceedings on the
Stock exchange Some of these have
been made opulent within n few weeks
past as u result of the unparalleled
rise in prices With the true gambling
spirit they have replaced all their
winnings in new ventures on each
Buccesstul turn Yesterdays drop
therefore wiped them all out The
glittering attraction of tills market has
brought into it a constantly increas
ing assortment of more staid and in
experienced speculators men and
women who have brought long-standing
hoards from secret places and from
savings bank deposits with the deter
mination to make one successful
etroke and then retire with the pro
ceeds The demonstrations from this
class which includes many women
speculators furnished the hysterical
scenes and sensations of the day
Squeeze Shorts to the Limit
There was a strong feeling before
proceedings hud commenced on the
Stock exchange that a panic could be
averted only by the strongest meas
ures and with the greatest dilllculty
The fact was apparent that the corner
In Northern Paciilc was still unbroken
The lirst steps to avert the panic
were devoted to circulating reports
that the conferences between the con
tending interests in Northern Iaelile
which continued In one form or an
other throughout the night had result
ed in u compromise which would free
the shorts in that stock from their
compromised positions These efforts
proved utterly ineffective in face of the
first quotations for Northern Pacific
on the tape The price paid for the
Btock ran quickly up to 200 per share
and then to 300 to 500 and even to
700 per share on regular transactions
and 1000 per share for cash The
cash price paid meant that unfortunate
shorts who were unable to borrow
the stock had to pay whatever cash
price the engineers of the corner chose
to ask for It The figures Indicated
In these opening transactions mennt
ruin for a very largo outstanding In
terest in the stock The perception of
this fact was the principal impelling
cause in producing the demoralization
In the stock market Tho concerto
effort to support the market by buying
all stocks which might be offered
which was undertaken by some of the
most powerful capitalists In the
country was swept away like a whirl
pool under the deluge of offerings
which came upon tho market Such a
shoveling out of stocks as occurred
during the second hour of yesterdays
stock market was never seen before
After a sale had been made at a fixed
price a broker would throw In an ad
ditional block at anywhere from 5 to
10 points lower without stopping to
demand any Intermediate price for
his offering Tho extent of the de
cline during the half hour was as great
In some cases as has taken weeks to
attain on the advance although all ob
servers have agreed that the rate at
which prices have been going up has
xceedod any previous experience
Tho figures alone sufilco to Indicate
Jhe proportions of tho drop In Dela
ware and Hudson the extreme decline
was 50 points Rock Island Union
Pacific 38 Atchison 3V Atchison pre
ferred 2816 St Paul 30 Missouri Pa
clilc 32 Southern Pacific 20 United
States Steel preferred 204 while a
range of 5 to 30 points would cover
the collapse in nearly every active
stock In the exchange
There was no wild scramble for over
night loans of Northern Pacific stock
and the new day seemed to be fair In
promise There was intense relief at
the promised succor of the Northern
Pacific shorts It was accepted as a
fact that Kuhn Loeb Co and J P
Morgau Co would scttlo for 150 The
rumor that J P Morgan Co aud J
b
w v
slnta
o
Wpflj
llr
soctety I
J Hill wpit after all on lop In the light
to control Northern Pat lilt and that
the Itiirlliigtou deal is an atcoin
pltshed fact stirred the crowd but the
chief conr orn was for t lie future of
tho market As to the latter a very
honeful view generally prevailed
TROOPS GUARDBARCELONA
Soldier Colllilo Willi ltlotom Mnl nml
Wholranln Atmrclilt Arrrl Mnde
Madrid May 10 An enormous
crowd of people participated In yester
days rioting at Harceloiin The rioters
endeavored to stop work In the factor
ies which resulted In collisions with
the troops A number of soldiers are
among the wounded Over 100 nrrests
of anarchists socialists and extreme
Unionists have been innde Twenty
one dangerous anarchists including
Chiefs llofariill and Konchiibertn have
been held on board the warship
Pelayo
General Weyler minister of war
has telegraphed to the captain general
of Barcelona You will reply by arms
to every cry of Death to Spain
The latest dispatches say order lias
been restored Troops occupy the
suburbs of ltnrrrlnnn where the ma
jority of the factories are situated
and work has been resumed The cab
inet hod decided that nil tho agitators
nre to be tried by court martial The
foreign anarchists will be expelled
from tho country
The government will proses to the
cortes bills In the Interests of the
working classes but there will be no
compromise with the Catalonlans of
separatist tendencies
WOODMEN LOSE CASH
Alleged Defalcation of Their Clerk at
Miimlinlltoxvn Cmnp Causes
Complication
Dos Moines May 10 Officers of tho
Modern Woodmen of America in this
state are exercised over the alleged de
falcation of their clerk at Marshall
town and the complications which fol
lowed Clyde W Morse was clerk of
tho camp which has over GOO mem
bers and a few days ago he disap
peared It was supposed he had gone
away on a visit but when it was found
ho had checked out his bank account
investigation followed It was found
ho had borrowed money nt many
places and raised money on checks
offered where he had no account
Then it was discovered lie had not
remitted his last collections as clerk
for the Modern Woodmen Tho first
information In regard to this came
from the head officers of the order
who notified the local officers of the
camp that it had been suspended uu
tlre for non payment of the dues of
the GOO members
Morse had made the collections and
failed to remit The amount the lodge
claims duo is 71040 The entire
amount of money which he took away
with him was probably 1000 The
most serious complication was with
regard to the insurance of the mem
bers of the Woodmen The whole
camp had been suspended and policies
were all void
Inrrefttte In IncHim School
Washington May 10 A report oa
the enrollment of the average attend
ance at the regular Indian schools for
the quarter ended April 1 compared
with the corresponding quarter last
year show the largest annual Increase
In attendance recorded in the last ten
or 15 yours The net increase for all
schools was 1805 The total number
of pupils enrolled In all Indian schools
was 25800
Injured In Explosion
Danbury la May O T D Wright
a clerk In the store of George J
Rralg was seriously If not fatally
burned by the explosion of an acety
lene gas plant In the basement of the
store Tho plant got out of order
and he went Into tho cellar with
a lighted lamp to ascertain the trouble
when the explosion took place
TELEGRAPHIC BRIEFS
The Burlington Is to exclude train
boys from Its lines
President O M Schwab of the steel
trust will give Pittsburg a manual
training school
Ex President Grover Cleveland ar
rived at Sandusky Thursday to spend
ten days fishing at Middle Bass
Charles Foster of Fostoria former
secretary of tho treasury filed a pe
tition in bankruptcy with 747008 lia
bilities
Fred G Smith a well known busi
ness man of Springfield Ills commit
ted suicide Thursday by shooting him
self In the head
The Seamens union of Amsterdam
has proclaimed a general strike for an
increase of wages and It Is expected
that other ports will Join
Tho legality of the Doming bill will
bo passed upon before the Minnesota
board of pardons acts on tho applica
tion of the Younger brothers for a
parole
The Dublin police Thursday seized
William OBriuns weekly puper The
Irish People It Is reported that the
seizure was made on account of re
flections upon King Edward
E F Tlbbott who was for many
years the private secretary of Presi
dent Ilarrison has resigned to accept
the position of private secretary of
John Wanamnker of Philadelphia
The National Association of Stove
Manufacturer elected these officers
President Albert N Purlin of Boston
secretary J T Ilogun Chicago treas
urer Walter A Stevenson Phlludel 1
phla
CONSUL TAKES UP MATTER
Promise to Mnkn liititrnnlloimt AlVnlr of
Striker Vloleiirn AgitluU III Country
men nt the Cement of
the Italian lteiivh Knuan City
Iola Kan May 10 The trouble be
tween workmen and the Italians sent
here from Kansas City seems to be
about over the Italians having
returned home and leaders arrested
Sheriff llolmrts appeared at the depot
at about two hours before tho train
lime and served warrants on two of
the lenders of the crowd and ordered
the rest mostly boys and young men
to return home or lie arrested The
crowd dispersed without mulling trou
ble The company finding Unit the
Italians were too scared to return to
work purchased tickets for them and
they weiit back to Kansas City on the
first passenger train One or two of
them carry bloody heads but aside
from tills the report Hint several peo
ple were wounded cannot be con
firmed
Kansas City May 10 Jerome Fedell
Italian consul In Kansas City says
that the labor trouble in loin Kan
that resulted in several Italians hav
ing been driven from that town will
be made an international affair
Eleven of the Italians reached here
today said Consul Fedell two or
three of these were Injured and at least
one was carried from the train In a
blanket I shall report the matter at
once to Count Itozwadowskl in Chi
cago who has Jurisdiction of the state
of Kansas The expulsion of the Ital
ians from the Iola Cement works Is a
very serious matter continued Con
sul Fedell and will assuredly be
come an International Incident
A special to the Star from Iola says
that the leaders of the mob liave been
arrested aud held
Ieiitihlitiid ltrenki Itcrord
New York May 10 Tho Hamburg
American steamship Deutschlnnd
which arrived in port yesterday from
Hamburg succeeded In making a days
run on this voyage which surpassed
any previous days record In the his
tory of steam navigation Five hun
dred nml eighty knots or G7GG1 miles
Is the record of the Doutschlnnds run
An hourly speed of 2453 knots was
maintained throughout the wliolo 21
hours This Is n record that has never
been equalled by any vessel
IIIr Iocomotlro Combine
Pittsburg May 10 It is now re
garded as definitely agreed upon that
tho American Locomotive company
will be organized with a capital of
50000000 ami that the Pittsburg Lo
comotive works will be a member of
the combine which will control two
thirds of the capacity of the entire
country Wilson Miller president of
the Pittsburg Locomotive works said
the locomotive combine is practically
an assured fact
Collltlon nt Den Moines
Dos Molens May 10 A Bock Island
engine was badly demolished in a col
lision with a Northwestern railway en
gine nt a crossing in East Des Moines
last evening The engineers and fire
men escaped by Jumping A building
at the Intersection of the tracks pre
vented the men on either engine from
seeing the other Both engines were
drawing passenger cars but the speed
was slow and no other damage was
done
Two Killed In a Wreck
Toplln Mo Mtiy 10 The Joplln
Glrard local freight on the Frisco was
wrecked in a shallow cut in Possum
Hollow a mile northwest of Toplln
yesterday and the engineer Sam E
Monk and Fireman Claude II Addi
son were burled under the engine and
Instantly killed Six loaded and one
empty car was smashed into fragments
and the track was torn up for 50 yards
Salt Lake Theater Collapse
Salt Lake May 10 The north wall
of the Salt Luke theater corner of
First and State streets collnnsed
terduy So far as known no one was
hurt The building which will probably
have to be torn down was built near
ly 40 years ago In the days of Brlghum
Young ami was one of the landmarks
of the city
Arraigns Federation of Labor
Sioux City May 10 Tho feature of
the Iowa State Federation of Labor
conventionyesterday was the denounce
ment of the methods of the American
Federation of Lubor by Delegate
Holder of Des Moines deputy state la
bor commissioner Ho arraigned the
organization severely for Its machine
methods
Invitation to MlnUter Wu
Des Moines May 10 United States
Minister Conger carried with him to
Washington an urgent Invitation from
Chancellor Craig of Drake university
to Minister Wu Ting Fang to come to
Des Moines and speak before tho Des
Moines Chautauqua during the bum
mer session
Drowns on Hoiselmck
Pender Neb May 10 A young man
named Charles Boblnson who hrnl
been employed by Charles G Frey
five miles west of Pender was
drowned yesterduy In Logan creek
He was driving some cattle across
iupjh aWMwim
the creek The creelc being high on
account of recent heavy rains caused
the cattle to scatter and he undertook
to swim his liorse around them when
be got Into deep water and the horse
could not keep up and sank with
hint
SMitnliin Whin Stnto Ilinlii iiloimhlp
Lincoln May 10 Flue weather and
good scores marked the third day of
the Nebraska shooting tournament
Tlie state championship for amateurs
went to Saunders
SHAMROCK IN A SQUALL
Cup thnlleucer IiiiiimI In lteltiiu to
Holtlhiiliiplou lor ItepMin
Southampton May 10 The GO mile
racing trial of the Shamrock I and the
Shamrock II from Southampton to
Weymoiilh yesterday was suddenly
terminated off the Needles by a had
squall during which the gaff topsail
yard of the new challenger was car
ried away and her gaff crumpled up
She was forced to abandon her contest
and return to Southampton for repairs
The accident was primarily due to the
carrying away of a heavy ImckHliiy
a block of which fell and struck the
deck at Sir Thomas Uptons feet Had
the block fallen a foot nearer Sir
Thomas he would probably have been
killed
Upton said to n reporter We were
all greatly pleased with the perform
ance of tho challenger which showed
substantial superiority In every point
of sailing to Shamrock I This acci
dent is most annoying hut we will
have her ready for tomorrows trial
all the same
PASSENGER RATE WAR
Wnlmih Make a Further Cut In the Unto
1iom Kniiim City to Now York
Otlior ICoimIh Will Meet It
Chicago May 10 Tho war In pas
senger rates from Kansas City to New
York between the Wabash and Its
competitors shows no signs of abate
ment The Wabash assumed the of
fensive yesterday by making a further
cut of 115 In the rate from Kansas
City to New York This brings tho
rate lty this line down to 25 lu and
the other lines say they will put In ef
fect correspondingly low rates at once
and promptly meet any further reduc
tion the Wabash may mofce
Itnsehnll Score Yenlenlnr
National League Chicago 1 Tilts
burg 8 Cincinnati 0 St Louis
Boston 5 Brooklyn 2 American
League Boston 5 Philadelphia 2
Cleveland 2 Chicago 4 Milwaukee
7 Detroit 0 Boston 0 Philadelphia
3 Western League Kansas City 4
St Paul G St Joseph 5 Minneapo
lis G
Align Sule at South Omaha
South Omaha May 10 The second
day of the great Angus combination
sale closed yesterday after disposing
of all cattle catalogued and at prices
that exceeded the Kansas City sale of
two weeks ago by an excess of 21
on the general average The average
of this sale was 22015
Hunch or Cuttlo Killed
Des Moines May 10 A train on the
Milwaukee railroad ran Into a herd
of cattle near Potter In Tama county
and 12 steers were killed valued at
from 40 to 50 each It Is supposed
a tramp left n pasture gate open and
permitted the cattle to go upon the
railroad right-of-way
Dullish Treaty ICxtemleil
Washington May 10 Acting Secre
tary Hill and Mr Brun minister of
Denmark yesterday signed a protocol
extending for a year the ratification of
the reciprocity treaty with the Danish
West Indies
TELEGRAMS TERSELY TOLD
The National Telegraph company
was enjoined from purloining news
from Western Union tickers
Former Judge John J Hayden of In
diana died In Washington Thursday
aged 82 years
At the meeting of the trustees of
Williams college Thursday President
Franklin Carter tendered his resigna
tion to take effect Sept 1
W L Uoyes a student nt the Ken
tucky School of Medicine was stabbed
to death there Thursday by John Nltli
ers colored assistant Janitor at the
school
At the shoot of the Illinois Gun club
nt Springfield Thursday Thomas Hall
made the remarkable record of scoring
07 out of a possible 100 at Inanimate
objects
John Turner Thursdny surrendered
to City Marshal Smith of Alvnreilo
Ter stating that ho had killed Jerry
Boulden his brother-in-law as a re
sult of a family quarrel
E O Page Thursday shot and killed
his brother-in-law F E McCallen at
Ennls Tex The dead man leaves a
widow and three children Domestic
troubles caused the tragedy
There now seems to be no doubt that
tho Cuban constitutional convention
will accept the Piatt amendment hut
It is expected there will be some de
lay before the final vote is reached
T P Hayes filed suit at Louisville
for 50000 damages against tho Louis
vllle Jockey club The suit is bused
on the action of the Western Jockey
club In declaring Hayes horses out
laws
Tho entire northern division of the
Chicago St Paul Minneapolis and
Omaha line comprising neurly 350
miles of track Is to be thoroughly
overhauled this summer at tho expense
of several millions of dollars
wi1
lk Weekly News Journal
NORFOLK NEBRASKA FRIDAY MAY 10 1101
IB HI 16
Sheriff Disperses Crowd Sur
rounding Italians at Iola
i
-- -
V CAUGHT A COfllNG AND A GOING M
H Its had enough to pay too uitioh for wlmt lumber you buy H
M but when you come to uho tho stuff and find it n uonplo of H
M grades worse than it looked in the pile you uro caught n enmiug H
H mid ii golng Hiiro enough Our lumber is as good ns in iimdo It H
m is liommt lumber nvery hoard strictly up to grade Always H
M glad to show you anything you want and tell you the price H
L C MITTELSTADT
H NORFOLKS LUAIUI RMAN M
Norfolk
W II llOrilOl Prnuli
AliiXANIKH llllAlt V
I- W YMTA Clililut
National Bank
SOUTH DEPABT
ColnmbUH Accommodation oS0 p m
Omaha Denver and Paclllo Coast 110 a m
NOKTII
Columbus Ace mmodation 1080 p m
Omaha lfnnverand Pacific coast 900pm
Connects at Norfolk with V E 4 M V going
west and north and with tho C Ht P U O
for points uorth aud east
K W Jonbman Agent 1
Chicago St Paul Minneapolis
Omaha
BA8T DKPABT
Hloux City and Omaha Passenger rt 30 am
Biuux CltyPassonger 140pm
WIHT ABEIVE
Blonz City Passongor 1033a rn
Biocx City and Omaha Passenger 30 pm
ConuecU at Norfolk with F K M V going
wost and north aud with tho U V for pointa
south K W Junkuan Agent
Waily oxcept Sunday
MRS H H HULL
Man icu ring
Shampooing
Baths
ITglepiioke No 17
Rooms on North Ninth Street
Imit
ico Projlilaut
OLDEST ESTABLISHED BANKING BUSINESS IN NORTHEAST NEBRASKA
Capital 10000000
Surplus 2000000
Does a General Banking Business
Buys and Sells Exchange
Interest Paid on Time Deposits
Drafts and Money Orders Sold on any Point In Europe
A general Steamship and Foreign Passage lluslness Transacted
DIBBOTOHS
A BEAU P IIANLON F J HALE W II HUUUOLZ WM ZUTX
N A IUINBOLT B H COTTON
FOR Q00D LOANS AND EASV PAYMENTS
The Norfolk Building and Loan Assn
C B DURLAND Secretary
USE WHEATLING
AND UREA I MADE FROM
BON TON FLOUR
Have
You
Tried Them
SUGAR CITY CEREAL MILLS
Railroad and Business Directory
11
o
o
u
o
z
R R TIMETABLE
Fremont Elkhorn Mo Valley
KART DEPART
Omnlia Piuiaonor tf 05 am
Chicago Express 1 J 10 pm
KAHT ABB1VE
Clilcnuo KxproM 7jo p m
Ouiuliu Passenger 12t0ptii
WBHT DEPABT
Illack HUM rxpriAH 740pm
VordlKro IHBhcnKBr 1240p m
Vonlliuo Accommcxlatlou 900 am
WJCHT AURIVB
Illack Hills Kiprnflu lJOp m
Vonllro PniMonKur H05ttm
Vonllkro Accommodation 720 pm
Tim Chicago anil Illack Jlllli Kxpresa nrnvea
and doparto from Junction depot Tlio Omaha
and Vordigre trains urrivo and depart from city
dopot II C Matbau Agent
Union Pacific
C S HAYES
Fine Watch
Repairing
MISS MARY SHELLY
DRESSMAKER
fOror Danm Bros Storo
SpsntavA Ouslmtn
Rnnfc ann ap
XV iiu uoai
Repairing Neatly Done
JBHERMANN
rContractor and BaUder
1 1 7 Fourth Street
M E SPAULDINQ
Flour and Peed
411 Norfolk Avonue
UPKEEPS fflUiblHEllY
Cheapest and Best
Norfolk Avenue
J WEDWApS
VHHHyw
All Wobk Qcabantbkd
Cor Braasch avo and 1th St
The Norfolk Horseshoer
WHEN YOU WANT A GOOD
SHAVE or BATH
-GO TO-
W 0 Halls Barber Shop
MAIN BT THIim DOOB EAST OF FODBTa
frtftttKVfc