The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1902-07-16


Never before, however has such al
immense wealth been owned by sin.
gle pool OF 2. ain spectators. Never
before have operations been carried
on with such complete security and
confidence. Compared with the pres.
ent deal that Of Joseph Letter in wheat
was retail trade. Compared with the
finances of the present bull pool those
of the deposed corn king" Phillips,
of last year were as pin money to bank
sccounts.
Twenty million bushels of corn have
been bought by the ring for delivery
to II during the present month. And
in the first 10 days of the month only
100000 bushels of that amount has
been turned over, although the shorts
are straining every effort to get corn,
corn, corn, and save themselves from
ruin. Sixteen more business days re-
main in the month, and during that
time 100000 bushels Of corn of
contract grade must be brought to
Chicago and delivered, or else the pen
atty must be paid.
And in the last forty days the men
OF the pool have been relentlessly, per-
sistently forcing up the price of corn.
They have sent 1t up 80 cents in forty
days. They have made prices jump
so that even hardened operators call
1t "a wicked deal" Here are the
figures of the top prices touched on
the swells Of the movement:
June 2. 60Ac; June 2S. 725sc; July
l, 7Sc; July s, 9Oc; July ~ lin between
jumps) SEC
Report of Trade Conditions.
Bradstreet's says of trade:
Warmer and more settled weather
In many sections has helped season
able trade and made it possible to as
certain that the earlier reports of
grain crop damage from rains were
rather exaggerated. While the hest.
tation in some lines of distributive
trade induced by the cool, backward
weather has not entirely disappeared,
there is a disposition to regard the
situation, particularly for the fall sea-
son, as more assured than previously.
The strength of food prices, particu.
larly of cereals and meats, is based
on small immediate available supplies
rather than fears of possible future
shortage.
Except for wheat, highest prices
paid for 10 to 90 years past at this
time are being paid.
business failures for the week end
ing July 10 number 1876, as against 1873
last week, 199 in this week last year,
POI In 1909, ia in 1899 and 23S i'll
1898.
Outlaw Tracy Wounded.
Notwithstanding belief that Tracy
is on the verge of collapse, as the re-
suit of buckshot wounds and illness
resulting from exposure in the wet
brush. he manages to keep hidden
from the officers. Vigilance had been
redoubled and the encircling Gordon
about the district where it was al
most certain the man was hidden waS
secured the neighborhood, but beyond
discredited reports of the convicts ap-
pearance near Enumcla. nothing was
heard of him. The sheriffs are con-
vinced that the convict is within the
territory guarded by the deputies and
posscmen.
Tenth Week Of Coal Strike.
The 10th week of the anthracite min
ers' strike may witness the crisis.
Everything now depends on the ma
tional convention which meets at In
dianapolis Thursday. II the conven-
tion votes solid support to the hard
coal miners now on strike the conflict
with the operators may be prolonged
indefinitely.
On the other hand should substan-
tial support not be forthcoming it may
have a discouraging effect on the
strikers and the operators taking ad-
vantage of it, may attempt to resume
operations at some of the collieries.
This is the consensus of opinion as
expressed in operators and striker cir
cles.
Sheriff Jacobs reports that the whole
region is unusually quiet.
Louis Disbrow Held For Trial.
Upon completion of evidence in the
proceedings before Police Justice Fos-
ter, against Louis Disbrow for murder
of Clarence Foster and Miss Lawrence
at Good Ground. Long Island, the
court said that the circumstances
ces of the case all pointed in one di.
rection and while the evidence was
not very strong there were things |
which had to be explained and he
then announced that the prisoner was
held for the grand jury.
The decision was followed by an
outburst of applause in the court |
room. Disbrow appeared unmoved.
Fair Will Close Sundays.
The St Louis board of directors |
of the Louisiana Purchase exposi-
tion have adopted a resolution that
during the whole duration of the eX-
position the gates shall be closed to
visitors on Sundays. After the meet
ing a telegram was sent to Secretary |
of the Treasury Shaw at Washington
notifying him that the Sunday closing
resolution as forwarded by the treasury
department had been adopted
Resignation Of Lord Salisbury.
The Marquis of Salisbury has re-
signed the prcmicrshipship of Great
Britain and the Right Hon. A. j.
Balfour, the first lord Of the treas
ury and government leader in
the house Of commons. has been ap-
pointed to succeed him. The marquis
resignation was due to ill-health and