davidaulloa/AmericanStories huggingface dataset:
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16
NEW DEAL BY ARMOUR.
He Is Taking All the May Wheat That Is offered at
Chicago.

Especial to The Post)
Chicago. November 15.--The speculative world is
again watching the young La Sale street leader j.
Ogden Armour In gigantic wheat operations. His
managers on change are clearly deep in a new deal
which may easily prove the greatest speculative
ture OF this phenomenal year in the pits The Ar
mour holdings of May wheat may be 100000 or s.,
5000 or 900 bushels and they are popularity
put the second figure named. The fact remains
that his powerful interests in control of
the trade and the price today
This morning the Armour position was empha-
sized by the open buying by Valentine on the best
advance Of the TO 75hc Under Valentine
leadership brokers bought easily 100000 bushels
Thursday, perhaps 500 900 yesterday and the Ar
mour brokers held the bag while the bears poured
wheat in in great volume at the top point today
In way, the Armour theory appears 10 be much
the same as IL was when he conducted the very sue
cessfu deal in September wheGe Then the stubborn
shorts settled at SIS cents. There Is abundance Of
wheat, but there is not abundance of high grade
wheat Contract grades are scarce. The milling and
export demands are almost record breakers OF late
Armour and others have been forced to bring choice
Northern wh0at here from Duluth This s to blend
with other wheat and make a marketable mixture
Now there is a let up in the enormous movement to
market Armour has taken hold of the May
tracts like fearless leader and made his power felt
One of his first moves drove Patten into covering
short line His next move may be to drive in those
who sold q world of wheat at the top this morning
There Is already some scare over the growing
wheat crop because of the Hessan fly. Should the
public flock the bull side of wheat the biggest oper
atons since the Metoric Letter exhibition may be in
store for the trade
Armour has been buying openly and largely.
While his May deals open, however, there is
fear that ne has been selling heavily and secret
| ly in the December market Well informed traders
say the price Armour has made is not based sup
ply and demand Liverpool and the foreign pits are
paying attention TO the American price.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16

VINO desired them, but with the understanding that
ey muet return, on the demand Of the manager OF
ne pool the particular certificates as consecutivey
numbered by the railroad company and M other eer
uHoates This intended az a guarantee OF good
1t mat they had not sold out There was a pen.
ai.y LOT preach OF contract in the members did
NOT abide by their agreement The condition named
above was OF course ironcad since after being once
SOLD on the stock exchange II would be ranifesty
Impossible to get back the same cert!hcatee The
asreement provided that anybody could deal IN the
SICK otnerwse either for long short account but
nvpouy was likely to do much on his own account
when he did not know how he would come out on the
pooled stock and whether he would be asked TO keep
IL or surrender It.
keenes pool in Southern Pacific was organized to
aKe 40oOO0 shares If necessary but only 200 900 had
70 DC bought In putting the price up, He It UP
nearly 20 points from the price at which he began
70 puy and was reported to have liqudated all but
IVUUuO shares OF course large part of it was sold
at material drop from the high figures prevailing
When heene returned from Europe. but 1t thought
that the members would out ahead IL they could
llquldate the remainder above so But yesterday the
plans OF the Keene pool were completely upset by
Hartman who effected coup and got control of a
majority of Southern Pacific Just how Hartman
did II is not yet known
The sharp rise in the price Of New York Cotton
eAchahge seats, which has more than doubled within
year and is now above SS000 was explained today
as chiefly due TO the buying of seats by members Of
the New York Stock exchange who have been com.
PEELED by sharp competition to extend their opera
lions to cotton and grain. This rendered neces
sary In measure by their outof-town special wire
service, many of the interior traders desiring to
operate in cotton and grain we'll as stocks. Many
or the leading stock exchange members are now put
to very heavy expense to maintain this wire service
but rivalry has rendered 1t necessary furnish the
most up-todate facilities for their customers, both
local and outoftown Another reason which con-
trbuted to the rise in cotton exchange seats was the
limitation of the membership to $50, whereas until
recently might be increased at the pleasure Of the
managers, upon approval of the members. Further
more. the commissions more carefully regn-
lated as is the case with the stock exchange Up
TO recent times members cut commissions and there
but little profit in the business. Until this re
form made It was difficult to sell memberships
except at concession.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16
THAT TARIFF COMMISSION
Petitions TO Be Presented to Congress Are
Now Being Worked Up.
NOT LIKELY TO HAVE MUCH EFFECT
Eastern Republicans Are Opposed 70 Any Change IN
the Tariff, No Matter What Method 10 Pursued
In Making the Revision.
Especial to The post.)

Washington November 15.--Buslness men through.
out the country. according to information reaching
here through members Of congress- beginning
to anticipate the expected recommendation of Presi
dent Roosevelt to the next session of congress for
the creation Of permanent non-partsan tariff COM
mission and are signing petitions to be presented to
congress asking the enactment Of laws providing for
such commission. These petitions will urge the
creation of commission having power to shape for
congress revsons that may be adopted by that body
without congress having to enter into long considers
ton OF the question. Thousands OF business all
over the country signing the petitions It is said
Many Of them are doing of course, because they
hope this will postpone for long time the contem-
plated revision of the tariff desire will be expressed
for capable experts. thoroughly familiar with
the laws OF taxation and in touch with economical
conditions throughout the country The work of the
commission would be supposed to be without political
bias
The proposition for permanent commission will
differ from that made during the administration OF
President Arthur The tariff commission was then
created and appointed by the president but it's work
was temporary and it's recommendations entirely
ignored by congress at the session to which the recon-
mendations were made, The commission by request
framed complete tariff bill, which was introduced in
the house by Representative Kelly of Pennsylvania
The bill never passed the house The senate took the
matter up and framed a bill OF its own which finally
became a law. This was the first and only tariff COM
mission attempted
How congress will trent the suggestion Of com
mission, especially permanent one is an interest
ing question The creation of such commission
regular body would mean the intention Of congress
to accept much Of the work of that body which would
move slowly IL congress did not accept the work
that would mean body absolutely useless and worth
less.
Under these circumstances, congress will probably
so slowly in adopting recommendation for such
commission. The Eastern republican members
likely 1t is said TO decline to support proposition OF
this kind on the ground that commits the republican
party TO readjustmente The East they will hold.
is opposed to changes in the tariff or at any
time and desires nothing done.
General Grosvenor and other republican leaders do
not believe that any legislation will be passed at the
coming session of congress looking TO the
ment OF the tariff by any process.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16
OPINIONS OF THE KAISER.
British Sentiment Is Divided Regarding the Feeling
Toward the German Emperor.

toward the German emperor
London November 15.-Today the kaiser leaves
sandringham after what the Times this morning
pointedly calls quiet and restful visit to his uncle,
King Edward. To make the public mind quite easy
the Times deliberately congratulates the king and the
kaiser upon the exceptionally favorable weather
which enabled them to pot many rabbits and pleas
ants and even to smell the tea roses in abundant
bloom in Sandringham park This is one little way
of attempting to make amends the kaiser for the
rude way in which the Spectator and the Half
Penny Press painted him on his arrival as
Mephstopheles intent upon using black arts upon the
British ministers. Mr. Bafour in his Guild Hall
speech of Monday called those anti-German alarms
fantastic dreams" and coming straight from the
kaiser he declared that he knew not of the smallest
menace TO peace on the international horizon. The
Germanophobes hardly know how to reply to this
emphatic ministerial assurance The Spectator at
least finds itself unable today to do more In support
of its alarm than to insist twice that the kaiser
did converse with Mr. Chamberlain and Lord Lands
downe and TO remind Mr. Balfour that Lord Gran
vile spoke in the same comforting way on the very
edge Of the FrancoGerman The truth is that in
view of the weeks news this German nightmare
seems not a little foolish to sober.thinkng English
men The kaiser must need all his eyes at home for
apart from the perplexing internal divisions which
probably viii compel the abandonment Of the tarn
bill there is the alarming exposure in the memorial
presented the imperial chancellor by the CONNER
cial Treaties association of Berlin numbering 1900
members and 10000 adherents employing 10000 per-
sons.
whole economic life Of Germany has been undergoing
for the past two and half years has now reached
such pitch that industries are suffering from the
want OF employment In high degree that the spirit
Of enterprise Is practically extinct that manufactur'
ing premises hardly anywhere being extended but
are exporting productions at unprecedently low prices
In order to keep the works going and that the grav'
est consequences being entaed which viii exert
a preiudicial Influence for decades. Bngishmen who
keep their heads ask how dangerous naval DONNA.
tion can possibly be built on such a commercial
Foundation There is moreover the undoubted desire
Of England and and possibly also of Russia to
clear up outstanding disputes coincdent with which
Is the remarkable readiness OF some French ministers
TO settle all those interests this AngoFrench rap
prechement must be sadly dsconcerting In any
ease England has nothing to gain from a closer
! friendship with Germany than with France Rus
| sa Lord Landsdowne and Mr.. Balfour show no sign
OF forgetting that central fact OF British policy.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16
THE WAYS or LEADERS.

Wall street is quick to get onto the peculiari-
ties of of the big people and to forecast events
accordingly, 1t is a common thing for some of the
big brokers to remain away from their offices when
sharp break in stocks Is about due and during its
progress the apparent object being to escape the inn
portunies Of who want to get advice what
to do and possibly also to avoid meeting those who
got on the wrong side and who passing through
a few hours of agony they watch 500 so
knocked off from their margins every few minutes
until they disappear altogether. The same thing is
true of the market leaders" of the operators
are called When the word was passed around
era days ago that Gates had gone out of town know
ing glances were exchanged in Wall street and sug-
gestions made that he must have foreseen a
slump coming and he did not wish to meet those
whom he had told stocks going 20 or 80 points
higher
When the market was at the bottom and it was
time for turn Gates, who was thousand miles
away and could the expressions on the faces
of those who had been hung up or who had been
wiped out, gave out an interview in which he of
fered a few grains Of encouragement declaring that
then was the time to buy good stocks for rise.
Likewise the sudden return to town of men who are
supposed to be sick in the country, is regarded as
significant as the with leading director
of the Rock Island railroad and his appearance in
banking circles. II gave rise to a report that he
had been compelled to turn over 10000 shares OIL
Northwestern stock at a sacrifice, because OF ma
turing loan.
wall street is beginning to wonder what is the
matter with Russell Sage and to ask whether that
fnancier with a record for longevity is ever to re
turn to business again From the fact that two
nurses care now employed to look after him. or
guard" him, as I told privately, the inference
might be drawn that he is in a bad way. The en-
plovment of two will look like extravaganza
to those who know the great money lender but this
is not his doing. It is suspected by the knowing
ones that two kept hand to prevent him from
Shining out and down town to his othce, unbe
known It is said that he has got used to being
ordered about by the and he is now tractable
In this connection it is interesting to note that when
Mr. Sage was sick at his country home on Lone
Island he would not listen for long time to the EN-
poyment of a nurse--presumably for reasons OF
| economy which are Unborn In the careful fnancier
FINALLY the household struggled one in, but they die
not dare for several days to let Mr. Sage see her
The Significance Of having two nurses is therefore
annarent Every few days 1t is said the old man is
coming down town. but apparently the nurses are re
straning him-by gentle means, IL possible-but II
any event restraining him.
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16
FHF STANDARD IN CONTROL
pockefeIIers Are at Present the Greatest
= Power In the Stock Market.
rrNF,s BIG SOUTHERN PACIFIC POOL
80 "a Be Pla Tight, But Hartman Broke In.
ose" SAGE Attended by TWO Nurses--F1ow
NO'. ..a.rs cave Town at Critical Moments.
especial to The post.)

vort November 15-Much has been said
W. .ho week about pitfalls being laid by banking
| and other financial giants to catch the I'M
4 "a many we're disposed to think that the
=. hreak In stocks which eliminated today was
.osnit Of a carefully prepared plan Scores of
III, came out plainly and laid the whole thing to
standard oil interests. 1t was declared that they
d. their raid on stocks by refusing to let the
IN. 4, which they are interested renew time loans
.ocks except in very small amounts This of
.r,o bit the big operators and seeming danger
M, Keene and the Moores threw over their hold
H. in large BLOCKS.
The situation has been prepared by the speech of
4 "a President Vanderlip of the National City bank
i Tho Wilmington Chamber of Commerce dinner a
H. DAVIS before in which the speaker said that the
4aation of bank credits in this country was dan
#rous, also that the corporations had issued alto
&her more securities than comfortable for them
stageer under The speech was circulated all over
n country and ever since that time orders to sell
%eks have been pouring in on the New York brok-
II IN lots of fifty to 500 shares Early in the week
nm were literally deuged and the pools found 1t i'm
@ssibe to take all of the offerings They according
reduced their buying prices or points and down
Int the market until it was topped again by the
.snnort Of the big people who are relied on to keep
Ia market steady whenever tempest blows
"A Many of the interior correspondents of the bank
IA declared that the vanderlip speech had a good
sal to do with the selling movement, although the
bubbles Of a New York trust company partly con-
.fbuted to the uneasiness of spectators and in
,sstors The National City bank is owned by the
ckefellers-hence the frequent assertions that the
beach was inspired by the Standard Oil magnates
a buyers of stocks their purchases being estimated
Ill 200 900 shares or more
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16
FORECAST CONFIRMED.

II was stated in this service a week ago that the
bckefellers had been out of stocks for some time.
.5ying sold out during the rise attending the har
Hstng of the crop 1t was further said: THE in
renee drawn from the policy of the Rockefellers in
IA as heretofore they intend to put themselves in
position to protect the market If need be- in case
q break. The Standard Oil people rarely go short
stocks, but they sometimes use their mysterious
kswer to let off prices a Bit
n All this has literally come true. These giants by
4eIr grip on the money market preventing the free
~ New York banks, able in the quietest sort
a way to stop the shyrocket work of the big oper
sRrs and when the latter saw the mailed hand they
gNcky turned face and fastened to protect them
ives After the first break on Monday and when
A looked as Ii confidence was being restored, Amer
Nn sugar refining shares in which the Rockefellers
!#quently operate and buy large amounts when they
50 cheap, broke sharply and unsettled the market.
Fcey had this occurred when Amalgamated cop
Ia another issue which is noteworthy as being un-
~ the control Of the Rockefellers although they
#ted with their holdings above par also broke
~ dividend was reduced to per cSnt and it was
that it would be passed altogether.
# Inc snares of these two companies are among the
fst widely distributed of any industrial corpora
t3ps IN the country and severe lurch given to
Pic confidence throughout the country Boston
10y shlvered under the slump in Amalgamated
i&per which 1t was thought in that city the Rookie
MFers would support at 60, as previously. 1t tum-
~ nearly points lower and a great many specu-
%,e accounts were thrown over, carrying down
IN tnem the railroad stocks held by the big bull
ators-Gates, Keene and the Moores. 1t not
essaIy Tor the Rockefellers to sell short. but it is
EeVed In Wall street that they did in the case of
"Hn sugar and copper
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16

for their children and then. to make sure the bad
men In the city should not steal the election they
put In the emergency or cemetery vote
Such OF us as are hanging on 10 the coat tails
skirts OF society and trying to make ourselves be-
lieve we are It. sure enough are having the deuce
Of time and are being kept poor keeping up with
the idiosyncrasies OF fashion. Automobiles are re-
sponeble for much of our woe. Goodness knows an
auto is costly enough but like camera tho expense
only begins when you buy Il The latest FAD is the
Russian pony coat So great has been the demand
that the price OF pony skin has risen so per cent
and is still climbing. Russian pony Is nothing more
than cows pelt Skin q slick dark brown Jersey or
Alderney trim the tanned pet with 'possum or coon
and you'll be right in the front pew with the latest
automobile eccentricty Australian cats are another
novelty. They are old friends the maltese, un-
der new name Paris is sending the muskrat dyed
skillfuly It takes an expert to tell 1t from seal
skin
The city is proclaiming Duse the greatest genius
Of the stage Her plays awful but she-she
is the sun before which the darkness in which the
human heart is hidden, is swept away, How diff
ferent her reception that of ten years ago when
this daughter of Italy here unheralded TO claim
recognition against Bernhard Then she as
sailed by all the dramatic critics with exception
Sarah all. Today Bernhard stands in the
shadows of the dark eyed There has been
marvellous change in the sgnora She has been
touched by love,
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16
SPEECH WAS SENSATIONAL.
Sir Anthony Macdonald Gave His Views on Handling
~ the irish Land Question.
Especial to The PostD

Dublin. November 15.-sir Anthony Mcdonald
G G. S L. who was recently appointed under sec
retarv TO the lord lieutenant in of the Rt Hon
Sir David Harrell K c B.. made his first speech to-
day at private dinner given by the Institute of
Bankers Among the large and representative audi
enee were the Earl of Mayo and Lord Dunraven and
other representatives Of the landlord class several
nationaligts and men prominent in the business
world In view of the fact that Sir Anthony has
made unite a name for himself by his dealing with
several important questions in India his remarks
caused unite a sensation. Irelands new undersecre-
ary declared his determination to the land ques
lion settled promptly on basis satisfactory to both
landlords and tenants He pointed out what he him
self had done 10 settle similar questions in the cen
traI provinces of India, Bengal and Oudh. Speaking
win great emphasis Sir Anthony declared that the
Tr,eb land question could never be settled until the
Landlords and tenants had consented TO conference
with each other He also strongly urged the imme-
diate assembling Of such conferences throughout Ire
land This declaration has given much satisfaction
n lords Dupraven and Mayo and the section OF the
ndIorda which supports them. These parties are
nnxious N meet John Redmond, the leader OF the
Trisb marty Within the past week Sir Anthony
AtacnopaId has ascertaned the readiness OF many
nattonaIists 10 forward the policy Of Cancellation.
The Castle officials said to be oostructng the I'M
dersecretary in his good work but he is quite ca
pahle Of dealing with thenl
The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-16
nREroRMo A TAILuRE.

Election post mortems continue fashionable Stu
dents of politics. disgruntled politicians and the
great army of savors of society working over
time dissectng the Coler vote in the city and ex
planning why it is fusion plurality of 10000 last
wear Is changed to Tammany plurality of $4,000
this year in the city With few exceptions they sum
nm the whole affair by reproaching the SNUG self
sufficient person who is in the mayors chair, Much
of what the theorists say about the cause is true.
ove's administration has been grotesque failure.
The CITY will cast itself into the embraces of Tam
MANY next year and the tiger will reign triumphant
until he becomes so arrogant and bad that the peo-
nIa revolt again. But that probably will be ten
wears hence At present the public is praying for
fbe dav of deverance from the hybrid horde Of flu
eonists There is more rascality In the police de-
paTtment more leyying of blackmail. selling
Of franchises more looting and lobbying than in the
worst perlod OF Tammany domination. Not one Of
the "reforrners'" pledges has been fulfilled The
onIy economy recorded is that which Mayor Low re
Oortad IN his talk" on the work OF the charities de
nartment He showed-ths you must understand is
ofhoialthere had been ueciu -, tg y,
bread thinner and by reducing the allowance OF
nrnnes Do you wonder where the Coler votes came
fron9