Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1901-05-09
BREAK HAS COME IN STOCK
HAS BIG SNAKE IN STOMACH


ach for the past six years. A few
weeks ago she commenced treat
ment with country physician,who =
gave her medicine for stomach g
worms. The remedy brought to
light the startling discovery that y
her stomach contained snake two .
feet long. She is suffering from y
poisonous effects, but will recover. =
"***r *s&*s
ing the day and price changes be-
tween sales were not so wide as they
had been.
Standard Oil Drops.
Even Standard Oil declined to $50
per share. a drop of I'll points from
last nights close.
At l o'clock the failures of w. H.
Brewer and j. T. Lee were announc-
ed on the consolidated exchange Ru-
mors were circulated affecting the
credit of several stock exchange
houses, but they were soon officially
denied. 1t was said that many strong
firms are lending available funds in
the efforts to checks the declines in
the prices.
High Rate Charged.
Banks on the other hand, have be-
come more conservative and have de-
cided to loan only to their regular Gus.
toners. Some borrowers were forced
to pay from 10 to go per cent for.
money.
More Hopeful.
A more hopeful feeling was
strengthened by semi-official state
ments that leaders in the financial
world had insisted that the Harri-
man Morgan-Hill people come to some
basis for an agreement in order to re-
lieve the situation.
Northern Pacific almost disappear
ed from the record after the an
nouncement that it's delivery would
not be demanded today, which was
the effective cause of alIaying the ex-
treme nervousness. There were
transactions srr in 100 shares at 500
shortly after 1 o'clock.
Little Fry Quits
A feature of the situation was the
closing up for the day Of a number
of small brokerage concerns, not be-
cause of financial embarrassment but
because they deemed it unwise to do
any, business at all in such market
as today.
Notices Sent Out.
At 1870 o'clock prices, seemed fairly
steady. "A clearing house notice was
sent out saying all transactions in
Northern Pacific common would be ex-
clearing house until further notice
This means that sellers of the stock
will be called upon to deliver it at
present.
Banks Offer Large Sums.
After money had gone to 60 per cent
semi-official announcement was made
that the Gallatin National bank would
lend $16,000,000 on the stock exchange
at 6 per cent, acting for the associat-
ed banks of the city. Morgan and
company were lenders of large sums
today at six per cent.
Notwithstanding that Kuhn, Loeb &
company claim control of the Northern
Pacific, it was said at the office of Nor.
gan and company that that firm has
contracts for the delivery of stocks
sufficient to give them majority. The
announcement was made by represent
atives of Morgan and company and
Nuuu, LUG dul COllpduy 10 Lu6 eH0CC
that the settlements will be made
with the Northern Pacific shorts at
what would generally be considered a
fair market price, but not at today's
price.
Galleries Cleared.
For the first time in the history OF
the stock exchange, all galleries and
enclosures reserved for spectators
were ordered cleared at 2 o'clock this
afternoon.
The evident desire of banking inter.
ests to lend support caused continu-
ance of the rally. After 2:15 o'clock
prices held fairly steady.
viii Not Force Them.
The following was sent out by a
news bureau: ut may be stated
authoritively if the same condition of
affairs exist tomorrow as today Nor
gan and company and Kuhn, Loeb and
company will continue the agreement
not to insist on deliveries of Northern
Pacific common stock and will adopt
a measure that will afford similar re-
lief"