Bemidji Daily Pioneer Newspaper, August 21, 1906, Page 4

NEW RECORD ON SALES | PRAISE FOR GONGRESS | REPORTS EXABGERATED | cuwme mer oomms, e promy NEARLY NINE HUNDRED SHARES | PRESIDENT WRITES LETTER AP- OF STOCK CHANGE HANDS IN HOUR'S TRADING. PROVING WORK OF PRESENT LAWMAKING BODY. HARRIMAN SECURITIES ABAIN LEAD NOT IN FAYOR OF GENERAL REVISION UNPRECEDENTED DEMAND FOR | TARIFF LAW SHOULD STAND UN- PACIFIC RAILWAYS AT AD- i VANCED PRICES. | New York, Aug. 21.—Further excite- ment attended the opening of the stock market, There was an unusually large attendance of members. The visitors’ gallery of the Stock Exchange was packed to its utmost capacity with sightseers. There was an accumula- tion of over Sunday buying orders and a principal feature of the early trading was in the Harriman stocks, which led last week’s movement. Un- fon Pacific opened with a block of 14,000 shares at from 184% to 18414, later selling to 185. Southern Pacific started off with a block of 1.000 shares at an advance of 13 points over Sat- urday, establishing a new high record. Amalgamated Copper opened with a lot of 13,000 shares at an advance of 2!%. Other stocks that made substan- tial gains were Great Northern pre- ferred with 6 points, Northern Pacific 8%, American Smelting 435, Anaconda 43, Atchisou 2%, Reading 2% and Nlinois Central 2%. The buying or- ders were reported to have come frora various out of town points, notably Boston, Philadelphia, Pittsburg, Cleve- land and Chicago. London also was a reported buyer. Sales In the first hour were probably in excess of 600,- 000 shares. The trading was almost entirely professional and much of it was covered by the shorts. Profit tak- Ing resulted in a number of recessions before the end of the first hour. The sales of shares in the first hour to- talled 864,550 shares, which was said to be a new high record. In the final hour an advance in the rate for call money to 5 per cent caused a general selling movement, in the course of which many stocks lost the greater part of their gains. Un- fon Pacific lost all of its net gain, selling 1% below last Saturday’s close. Prior to this selling movement the market had broadened generally, taking in a number of issues that had been inconspicuous earlier In the day. LONDON EXCITED. Wild Dealing in American Stocks at Heavy Advances. London, Aug. 21.—On the Stock Ex- change Interest again centered in Americans, which opened excited. There were wild dealings in the fore- noon at a considerable advance over Friday’s official closing prices, Union Pacific leading with an advance of $15. Southern Pacific advanced $5 and Atchison and Pennsylvania $4 TIL CHANGE WILL DO MORE GOOD THAN HARM. New York, Aug. 21.—A letter writ-| ten by President Roosevelt to Con- gressman James E. Watson of Rush- ville, Ind., reviewing and approving of the work of the present congress and declaring “to change the leadership and organization of the house at this time means to bring confusion upon those who have successfully engaged in the steady working out of a great and comprehensive scheme for the betterment of our social and civic con- ditions” was made public during the day. The president said also that he hopes the present congress will enact laws prohibiting political contribu- tions by corporations, lowering the du- tles on imports from the Philippines and limiting the number of hours for railway employes. Of the tariff Mr. Roosevelt says: “We stand unequivocally for a pro- || tective tariff and we feel that the phe- nomenal industrial prosperity which we are now enjoying is not lightly to be jeopardized to secure here and there a small benefit at the cost of general business depression. But ‘whenever a given rate or schedule be- comes evidently disadvantageous to the nation because of the changes which go on from year to year in our conditions and where it is feasible to change thig rate or schedule without too much dislocation of the system it will be done; while a General Revision of the Rates and schedules will be undertaken ‘whenever it shall appear to the sober business sense of our people that on the whole the benefits to be derived from making such changes will out- weigh the disadvantages; that |is, when the revision will do more good than harm. “Let me add one word of caution, however. The question of revising the tariff stands wholly apart from the question of dealing with the so-called trusts—that is, with the control of |} monopolies and with the supervision of great wealth in business, especially in corporate form. The only way in | which it is possible to deal with those i trusts and monopolies and this great i corporate wealth is by action along i the line of the laws enacted by the | present congress and its immediate predecessors. The cry that the prob- ! lem can be met by any changes in the tariff represents, whether consciously or unconsciously, an effort to divert |‘he public’s attention from the only each. Some Irregularity developed | method of taking effective action.” later, but the market continued in an excited condition. DEPOSITOR ENDS HIS LIFE. 8econd Suicide in Connection With Chicago Bank Failure. Chicago, Aug. 21.—Another suicide was added during the day to the list caused by the wrecking of the Mil- waukee Avenue State bank. Edward Kollereb. forty-five years of age, who two months ago deposited $250 in the defunct institution, hanged himself from a pile of lumber in sight of a number of men in hoats on the lake. Several of the men hurried to his as- sistance, but were unable to reach him in time. Friends of Kollereb claim that the loss of the money so preyed on him that for several days his mind appeared to have been un- balanced. Receiver Charles G. Dawes has closed the Milwaukee avenue co-oper- ative store, the Stensland enterprise, Notices were posted on the windows that the store had heen closed In preoaration for 2 receiver's sale Mr. Roosevelt then enters on a re- view of the work of congress and the important measures passed by it, measures which, he declares, are im- portant not in a partisan sense, but are important because they subserve the welfare of the people as a whole. STORM CAUSE OF COLLISION. Seven Members of Work Train Crew Are Killed. Johnstown, Pa., Aug. 21.—Plunging through a blinding rain storm at the rate of fifteen miles an hour a fast freight train on the Pennsylvania rail- road crashed into a work train at Sang Hollow, killing seven and seriously in- Juring seven others of the work train crew. Three of the latter will prob- ably die. Engineer Woods was the enly member of the freight crew that ras injured. The work train had stopped at a water plug near Sang Hollow to take water. A Fort Wayne freight was fol- lowing and bhecause of the driving rain the engineer was unable to see the work train until just before the crash. M. E. THURSTON, CANDIDATE FOR SHERIFF, M. E. Thurston, who seeks the republican nomination for sheriff, has been a resident of the county for the past eight years and is well and favorably known. He ranks first among the party work- ers, and having a wide acquaintance, is in a good position to ask your support at the primaries on September 18, 1906, ' LOSS OF LIFE BY VALPARAISO EARTHQUAKE NOT AS TERRI- BLE AS FIRST STATED. JARBOR AND SHIPPING ESCAPE HEAVIEST DAMAGE CONFINED TO THE POORER RESIDENTIAL ' SECTIONS OF CITY. ! London, Aug. 21.—The Chilean lega- tion has received a eabl$ message From Santiago reading as follows: i “On the evening of Aug. 16 a severe earthquake was felt between Val- paraiso and Talca. The loss of life was not very great. The damage to property was considerable at Val- paraiso, but was less at Santiago. Pub- Elc order has been entirely maintained. The authorities and private persons ‘are succoring the distressed people. The foreign legations are lending aid. The North has been wholly unaffected by the earthquake.” Private cable messages received by members of the Chilean legation tend to show that Valparaiso did not suffer as much as was at first supposed. The heaviest damage was confined to the eastern sectlon of the town, which in- oluded the poorer residential districts. he port and shipping at Valparaiso apparently escaped damage. A Liverpool firm has received the following dispatch from Santiago: “l do not think there has been any [:;ss of life or personal injuries among lthe English residents at Valparaiso. The police arrangements there are {thoroughly eflicient. ~ Arrangements are in fair progress to supply food to the needy. The fires and shocks are apparently over.” . SMALL SHOCKS CONTINUOUS. iNo Attempt to Clear Away Debris at Valparaiso. | London, Aug. 21.—The Tarapaca and Argentina bank has received the fol- lowing cable dispatch from Val- lparaiso: Every building here is damaged and many of the principal business prem- 1ses are completely wrecked or burned. "There are many casualties. All the trains have stopped running. The lrailroad line has been destroyed in places. Martial law has been proclaimed. Absolutely no work is being done ow- ing to the continuous small shakes since the two severe shocks of Thurs- day. We cannot get workmen to clear away the debris from the premises. Thousands are living in tents in the squares and parks. STREET RAILWAYS RESUME. Situation Improving in the Chilean Capital. Santiago, Chile, Aug. 21.—The situa- tion is becoming clearer. A relief committee has been organized here and street railroad service has been resumed. It was feared that Santiago ‘would be plunged in darkness owing ito lack of coal to supply the gas works, but the officials of the gas com- pany say that they have a sufficient supply to last a week. The squadron of cavalry forming the presidential escort has started from here for Valparaiso with instruc- tions to requisition all the cattle met with between this place and Val- paraiso and to drive the herds to the latter city in order to prevent a fam- ine. FIVE HUNDRED KILLED. Late Reports From Valparaiso Brought by Refugees. Santiago, Chile, Aug. 21.—Five hun- dred persons are dead at Valparaiso as a result of the earthquake shocks, according to the latest advices based fon the reports of refugees who reached this city during the morning. The monetary loss at Valparaiso runs into the millions, Six or eight other cities have been destroyed. The railroad, street railway, telegraph and telephone systems are thoroughly de- moralized. i The known dead in this city number twenty. Madame Mont, wife of Ad- iral Mont, who was reported killed, 1s alive, but seriously injured. MAY REACH ONE THOUSAND. One Estimate of Number of Dead at i Valparaiso. ' Lima, Peru, Aug. 21.—The latest news from Valparaiso is to the effect that the panic is subsiding. The man- slon of Mr. Edwards is about the only building remaining on Victoria street. ; It is estimated that the number of dead in Valparaiso will reach 1,000. The dead in other places are: At Quillota 30, Limache 170 and Petorca 11. NO DAMAGE RESULTS. Earthquake Shocks Felt on Island of Martinique. Fort de France, Island of Mar- tinique, Aug. 21.—Earthquake shocks of more or less severity were felt in the island of Martinique at 1:15 p. m. Sunday and at 3:47 a. m,, 4 a. m. and 8:37 a. m. Monday. No damage was done, Minneapolis Wheat. Minneapolls, Aug. 20.—Wheat— Sept., 71%c; Dec., 72%@73¢c; May, 7%. On track—No. 1 hard, 72@ 77%c; No. 1 Northern, 76c; No. 2 Northern, 74c; No. 8 Norther: 12%c. SR Duluth Wheat and Flax. Duluth, Aug. 20.—Wheat—To arrive and on track—No. 1 Northern, 770} No. 2 Northern, 75%c; Sept., 73c; Dec,, 73%c; May, 77%c. Flax—To arrive and on track, $1.14%; Sept., $1.13%; Oct., $111%; Deo., $1.105. Pittsburg, Aug. 21.—Reports re- ceived from polnts in Allegheny and nelghboring counties indicate that great damage has' been done by a storm that passed gver Western Penn- sylvania. i Telegraph and telephone communi- cation was interrupted at many points and the full extent of the damage has been fmpossible to ascertain. Rallroads suffered from washouts and many delays resulted, No llves are.reported lost. The storm failed to sthike Pittsburg. OPPOSED TO TOM JOHNSON. Friends of Governor Pattison in Ohlo talk of the friends of the late Governor Pattison, who are here for the Demo- cratic state convention, Mayor Tom L. Johnson of Cleveland will have a rough time of it if he attempts to control the convention. Friends of Johnson here say that the defiance of the Pattison men will all disappear when the Cleveland mayor ‘comes. Peck, a prominent business man, mem- ber of the Gray-Tallant company of Duluth, while bathing in St. Croix lake at Solon Springs, was drowned in the sight of his two little daughters, It is thought that Mr. Peck was seized with cramps. STORM | IN. PENNSYLVANIA, No Loss of Life. ties. Democratic Convention. Columbus, 0., Aug. 21.—From the Duiuth Business Man Drowned. Superior, Wis,, Aug. 21.—W. B. later. million ranges, swamps, MUCH PROPERTY IN DANGER. Forest Fires Threatén Mesaba and Vermillion Ranges. Duluth, Aug. 21.—The lack of wind The Mesaba is a ver- | grain. {table furnace as a result of the fires that are still ) Millions of dollars’ worth of property, towns and mines are in peril firing” to prevent the encroachment of : the brush and forest still stand in close proximity. Fear is also felt for . That, however, covers a very small many of the homesteaders north of the | graln shipping area. 2 Mesaba. There are hunggeds of these. S neh e raa The Mesaba and Vermillion rangesare ; HEALTH OFFICIALS ACTIVE. covered with a pall of smoke. ronbed and Murdered. St. Paul, Aug. 21.—Henry Dankert, twenty-seven years old, a boflermaker from Milwaukee, was attacked by two men in the Wisconsin Central 1 . near the Third street bridge, ki’(’:;"e‘?' | Tberia, where a negro is reported to be lastevening. Hehad beento Grand robbed and fatally shot. found unconscious in the yards at mid- night and taken to the city hospital in the police ambulance. The physicians found a bullet wound over his heart ' and his abdomen showed evidence of 1, many kicks. 7 He was He died several hours ynrection. GRAIN RATES REDUCED. Will Locate Here. 'Certain Minnesota Roads Make Cut of Ten Per Cent. ‘which grain is raised. Making Hard Fight to Prevent Spread of Yellow Fever. New Orleans, Aug. 21.—President suffering with yellow fever. Sys- health officials. The fact that the case Is in an isolated square on the outskirts of the town encourages the elief that there will be no further for his home in the evening. have been taken. J. W. Ishelwood and wife, and Edward Jaquet and sister, left St. Paul, Aug. 21—The Great North- | this morning for their home at Is the only condition that now pre- [ ern, Northern Pacific and Soo rafl- | Rock Falls, I1I, They have spent vents & possible reign of terror from ! roads have announced a reduction of 3 PO forest fires on the Mesaba and Ver- 10 per cent on the freight rate on the past F‘onth in the vicinity of Buena Vista, making their head- ’ The reduction will take effect Sept. quarters with J. W. Speelman. spreading over the 1, in time to apply to this year’s crop, parched surface of the ground and!and the territory it will cover is the A whole state, except that part within |Stated to the Pioneer that he was fitty miles of the terminals, which greatly pleased with Beltrami and the danger hangs solely upon the | means practically all the territory in » direction and force of the wind. X Before leaving, Mr. Ishelwood county, and especially so with People at various points are “back | ‘The raflroads making the reduction | Bemidji and the immediate grant practically everything that was | country surrounding this city. the fire upon towns or mining proper- | demanded by Governor John A. John- s 1 Great apprehension is felt for|son in his letter last Thursday, except He said he had about decided to the newer towns or those about which | hat they don't reduce the existing |locate here, and would engage in rates on distances under fifty miles. | the manufacture of wood work and interior finishings for houses, etc. He would have a plant that would employ ten or twelve men. B. M. Hamre, a homesteader in the town of Alvwood, Itasca Irrlon of the state board of health and |OURtY, about eleven miles south- | members of his staff arrived at New |east of Northome, was i theci y tematic fumigation and screening is | RaPids, from which place he re- to be pushed under the direction of | turned in the afternoon, and left Duplicate order books and Precautions to this end |commercial men’s expense ac- count books at the Pioneer office. MONEY CHEERFULLY REFUNDED ABSOLUTE SATISFAC- TION ASSURED GhefQuality Clothing Store of Northern Minnesota. Semi-Annual Clearance Sale WILL CONTINUE ALL THIS WEEK And Positively Ends Saturday Evening, August 25th, 1906. We still have a few bargains to close i odd lots of summer goods and will make this a cheerful‘week and a busy and interesting one. We will place all our fomous Stein- Copyright 1906 ‘The House of Kupnenheimer Ten dozen 25¢ hose, all go for, a pair, . il \\_‘\ Fifteen dozen Negligee Fancy|10 doz. fine Merino Under- Eight dozen fancy 35c hose, now, a DBIE ... SR o0 b o et st i ) ot | \ \ Bloch $18, $20, up to $25 suits THIS. WEEK FOR Shirts Furnishings 7' Cluett Peabody make Shirts,|wear; 60c and 75¢ gar- 39 e the $1.00 and $1.50 kind for. .. .. : 5 0 ments this sale, each. . i C 20 dozen red handkerchiefs, worth 10c, at this sale, 4c 9¢€ 0ne 10t of $2.50 and $3.00|€ach. ... ; ; Silk and Flannel 20 dozen white handker- 190 Shiris for $1075 chiefs, cost 10¢, now 4c Shoes and Oxfords Famous Florsheim and Walk- Over Oxfords, $4 85 & 86 kind, noév$3.50 Canvas Shoes worth $1.50, this sale . . .. $l-l5 Canvas Shoes, eost 5125110W...........95c wordh 5 now . $3.00 ‘Hats 1 lot hats worth $1.50 85c at this sale for, b e $1.45 All our Straw Hats at less than half price. 1 lot fancy Hose worth 3 5 e 50c, now. . ..: 10 dozen fine Hose, worth 35¢c, now. . . .,. 25c Remember this is positively the last week of our sale and America’s best Merchandise will be made a clean sweepof. High grade, and the World’s recognized best made gar- ments, wi]l be on the bargain counters at phenominal low prices. SCHNEIDER BROS Located in Miles Block.