davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10
THE GRAIN MARKETS.

CHICAGO, December 9.-Small recetpts in
the northwest had a Strengthening influence
today on the wheat market here At the
close wheat for May delivery was up &c
Corn. oats and provisions were practically
unchanged.
A firm tone prevailed in the wheat market
throughout the day. The feature OF trading
was covering by shorts, but business was
not large. One OF the main factors In fine
situation was the continued reports of small
arrivals of wheat at Minneapolis and Dr.
luth, and the consequent firm tone OF the
northwestern markets. Another factor was
comparative frmness of the wheat market
at Liverpool. where prices showed onIy a
slight decline, Notwithstanding the sI,Imn
of yesterday In the local market
The close was firm May opened hc to
nc. higher. at $3.50 to sskc. sold between
ss1zas Sssc. and S9aS9isc. and closed at 500
Clearances OF wheat and fiour~were. e0s1ai
to 121 600 bushels. Primary receipts les. GOO
bushels. against 94I .ooo bushels one year
ago. Minneapolis, Duluth and Chicago re-
ported receipts of 545 cars, against l4a
cars last week and 100 cars one year ago
Sentiment In the corn pit was Inclined to
be bearish. but covering by shorts prevented
any material loss in values Favorab Bile con-
dftions for the movement Of the new crop
were the chief source OF weakness TRADING
was exceedingly quiet for the greater part
opened unchanged to nc. lower, at 44xc to
45c., sold up to 454a45asc. and closed AT
44Bc. Local receipts were AT cars. with a
of contract grade.
Fair demand by commission houses caused
by light acceptances from the country i'm
parted Arm undsrtone to the oats market.
Trading was active. with cash interests the
principal sellers. May opened UNCHANGED
to a shade lower, at 32Mc. a32Nc to B2Ec..
sold between 32ssc. and 1910. and closed at
32ssa32Ac. Local receipts were 130 cars.
Provisions were quiet but firm. A feature
Of trading was good demand for Decem
Der and January lard. Shorts were the CHIEF
buyers The small amount of local stocks
caused the demand. At the close May pork
ribs were each up 2,x. at 7-42h and 7.22jka
7.25
Estimated receipts for Monday. Wheat.
II cars: corn. 40s cars; oats. 1T8 cars hogs,
IS, 600 head
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10
FINANCE AND TRADE IN
MARKETS OF THE WORLD

terror, however, continues very active, as
SHOWN by the unprecedented volume OF
bank clearings throughout the country
There has been dread for some time
past that the attitude of the administra-
ton on railroad rate control would make
the Presidents message a disturbing factor
in the stock market. AS Is not unusual in
the case of anticipated events, the pubica-
ton of the message found short interest
uncovered in the market which was obliged
to buy stocks. The publication of the ex-
peeted Union Pacific annual report rein
forced the confidence in the highly pros
porous conditions of the railroad industry.
Rumors of combinations and mergers also
played a prominent part in some violent
price movements of the week, especially
amongst the southern iron stocks and the
Junior Nanderbilts. Speculative excitement
at such special points was quick to flare
up through the. repression of the money
situation at all times during the week.
Bonds moved narrowly and showed evil
dence of some pressure at times
United States IS and old As declined Il per
cent; the new As registered 5s and ditto
coupon, q per cent on call on the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10

cash left 9SS1fDo0 a. the reduction b r.
serve to 81 ,3A6;b25 deficiency. Computsd
upon the basis Of y. ~, 80 deposits o. pub
1t IL noteworthy that circulation was de-
creased by t197 500. making q reduction In
this item OF 81 .333. 900 In the fortnight. dur
Ing which loans have been expanded by
$4.032,5 500 net. Moreover. the excess or
loans over deposits last week amounted TIC
the important sum of $24 ,065. 100. following
an excess of $16. 709 $40 In the previous
week. indicating that the banks are em-
The daily average OF bank clearings last
week was 1881 O00,0O0. against $500, O00 coo
In the previous week. Ciearings on Satur-
day. rejecting Fridays business. were
1854 .O84. 266. Comparing loans Of Individual
banks 1t appears that nine Institutions re-
duced this item by 50, 10000 net. Ten banks
lost S6O00,O0O net cash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10
THE NEW YORK BANKS.
Comment Upon the Deficiency IN the
Reserve


NEW YORK. December e.-The Financier
this week says:
Last weeks official statement OF the New
York associated banks was again unfavor-
able the institutions for the second time
this year showing deficiency in reserve.
Such deficit was. however. smaller by 81
1872, 375 than 1t was on November IL. on
which occasion It was 81, 42s, 800. In the In
terval of four weeks the surplus recovered
to SO. I57, 100 November %, but the reduction
therein OF nearly 2-s millions In the week
of December largely because of an in
crease In loans and consequently In de-
posts. which latter affected reserve re-
qulrements-carried the surplus to SO low
a point as seemingly to foreshadow the de-
ficiency in reserve which is above noted.
1t would seem that the unmistakable in
dications OF a deficiency last week that
were disclosed by current direct move
ments of money out OF the banks and
through stsbtreasury operations should
ton in loans than was effected, the reduc-
ing deposits and preventing the extfnguisn-
ment of the surplus.
There appears, however to have been
only the moderate loan contraction OF ST.
561, 500 last week, possibly due to excess
sive requirements for accommodation for
stock speculation The cash loss was ST.
SAG 100, which sum was much greater than
the highest or the estimates that were
based upon the traceable movements OF
money during the week
The heavy loss seems to indicate that II
money was attracted to this center from
interior cities, TO the extent that was ex-
pected, for the purpose OF taking advantage
of the high rates for loans at call. it ar
rived too late to be fully reflected In the
statement.
Deposits decreased $14, 036. 500. which
amount very nearly agrees with the sum of
the reduction In loans plus the loss of cash.
therefore the bank return showed q good
balance. The required reserve was reduced.
through the decrease In deposits, by So ia
200 which sum deducted from the loss az
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10
The Speculative Trend.

The speculative position has been peril
naciously maintained, and only absolute
withdrawal of credits has prevailed in in
ducing the retirement of market commit
1nents. The comparatively light pressure
of forced liquidation resulting from the
s.r.ngency in money points to the entrench-
ed position Of the organized parties in the
market which have led the speculative
movement. doubtless due to provision made
beforehand by borrowing large sums on
time 1t is accepted also as a demonstra-
ilon that the outside general participation
In the market on the part of those depen-
dent on ordinary money market resources
has been comparatively small.
In this respect the market position Ia
Similar to that existing in 1902 when
money stringenry developed. There is this
vital difference IN the comparison, however
that the speculation at that time had to
contend with the development of a general
reaction In business and industry which
caused steady shrinkage in values under
lying securities, while in the present in
stance there seems no cloud on the prospect
for business and industry in all parts OF
fhe domestic situation.
This condition fortifies the persistent con-
Niction of the organized speculation that
with the passing of the present exigenctes
OF the money market a general demand for
securities Will be revived which will make
q market for present hoIdinps
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10
Cotton Men to Nee.

CHARLOTTE. N. c., December 0--The
call for meeting of the board of governors
of the American Cotton Manufacturers AS
ISOLATION to consider cooperation with cot
ton growers will occur here on the 1874 In
slant instead of the 9th, as at first stated.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10

BERLIN, December -9.--Trading on the
boerse today opened quiet. Russians were
firmer. At the close most of the markets
were unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10
A Feeling of Anxiety.

Nhlle the speculative position has been
maintained with a large measure of s,,c-
cess through the heavy requirements unon
the money market, sentiment. has not been
free from anxiety and the position is re-
garded as precarious, especially as the IN
ture course of the money market renains
obscure. Much reliance is placed ON raIias
for the money market either by drawing on
resources of foreign markets or bv tbn
adoption or measures by the Treasury De-
partment. The declared Discrimination Of
the treasury authorities to afford relief fo,.
any but strictly industrial and commercial
needs for money or to afford any helm for
positive distress growing out of nnraI,-
speculative ventures has left the stock mar
ket uncertain and apprehensive
On the foreign side there has heap
notable relaxation in the London money
market this week and the decline of ster
ling exchange rates to below the Level at
which gold was last imported fosterea the
hope that relief would develop from that
source. The replenishment of the London
money market is Immediately due to the
redemption on Thursday of some SO 900 ODo
@; exchequer bills falling due, which Yield
ed net supply to the market estimated
at some $20.Wo,00o.
a doubt still remains however whether
New York will have the power to draw on
these additional resources. They are most
Is in the control OF the Bank of England
The Bank of England has gone through
the autumn with its proportion OF reserves
90 liabilities at level lower than for many
years, the ratio falling more than once to
below the 40 per cent. which is its tradi-
tonsl line OF safety 1t is clear that the
redemption OF exchequer bills this week
has been relied upon to fortify the impaired
strength or the banks position.
The Russian Decentralization.
The financial decentralization In Russia
presses upon all foreign markets and the
rate OF sterling exchange at Paris
threatens new demands upon London. while
that center Is also called upon for heavy
remittances to South America at this time
With the open money market In London i'm
the control of the Bank of England it seems
questionable whether London will relinotish
any resources to the market In our own
exchange market there are known to be
large maturities falling due In December of
bankers bills which were sold here in the
early period of the rise In money rates 10
place funds here to advantage. Unless they
are removed remittances must be made
from here to foreign markets to cover
them.
The profitable rates for money now ruling
in New York are expected to attract all
available funds to New York from domestic
sources and from Canada. and In the latter
part OF the week funds from these out -ot-
town sources have, In fact. constituted the
principal source OF supply at the stock ex-
change. The demand for money at the In
Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-12-10

1t Is pointed out that prices of railroad
stocks have not advanced much and that it
is only few industrial specialties that
have made the market look SO active and
strong. This in itself shows that the really
big men have not thought 1t was wise to
manufacture such a bull market as would
be necessary for them to unload in If they
were really overloaded
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
COMPEL SHOPS TO CLOSE
WORkMEN FORCE MERCHANTS
OF WARSAW TO ENTIRELY
SUSPEND BUSINESS.

Warsaw, May 5.-Disturbances oc-
Cured in several parts Of the city dur.
ing the morning and an extension of
the trouble appears imminent. In the
Viola district Workmen forcibly
stopped the street cars and cabs and
Cossacks were summoned. A man in
the crowd fired a revolver and wound
ed a soldier.
The Social Democrats appear deter.
mined to enforce their manifesto pro-
claiming a general strike and the OBJ
servation of the day as day Of mourn
ing for the victims OF the May day
disturbances.
No newspapers appeared during the
morning.
All business and street traffic prac-
tically ceased at noon. The offices and
stores are closed and have their shut
ters up. Some of the houses are bar
ricaded. A few merchants who tried
to keep open were visited by pickets
Of WOrkmen, who ordered them to shut
their places of business Immediately.
Nearly all the street cars have stopped
running and the cab service is entirely
suspended. Many cabs earlier in the
day were stopped by parties of youths
who compelled their occupants to
alight, in some instances <orcibly
throwing them out OF the vehicles and
then ordering the drivers to go home
Immense crowds have gone to Brud-
no cemetery, where the victims of
Mondays shootings are buried.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05

BRIEF BITS OF NEWS.

James Gentry, said to be the last
surviving playmate OF Abraham Lin
coin. is dead at his home in Rock.
port, Ind.
The running Of Metropolitan handi
cap at Belmont Park racetrack result
ed in dead heat between Sysonby
and Race King. Colonial Girl was
third.
Fire at Home City, Kan, DESTROYED
fifteen business buildings, leaving only
the depot and two elevators standing
Several families lost all they pos
sessed.
Fire in the building occupied by the
New York cash store at Colorado
Springs, Colo, caused loss of $40 900
Thirty-fve clerks, most of them girls
became panic stricken, but all escaped
without injury.
Governor La Toilette of Wisconsin
has signed the bill regulating the size
and character of firecrackers. The
bill prohibits the sale of cannon and
dynamite crackers. It will become
effective Jan. /, 1906.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
DISTURBANCES CONTINUE.
First Outbreak of the Day Results in
Fatality.


Fatality.
Chicago, May 5.-With employers
preparing to press a demand for troops
violence in the teamsters' strike shows
no signs of cessation. The very first
outbreak resulted in fatality. The
riot took place near the barns of the
Employers Teaming company in
Eighteenth street near State. Charles
Riebling, white man, who resides in
the vicinity, received fractured skull
and is expected to die. He was stand
ing in a crowd which started to jeer
a nonunion colored teamster, who was
guarded by five detectives. The negro
suddenly picked up stone and threw
it into the crowd. Riebling was struck
on the head and sank to the ground
unconscious. The crowd chased the
negro into the stables of the teaming
company, but were driven back by
private detectives welding "billies"
and pieces of gaspipe.
During a'second disturbance at the
stable, OF the Employers association
In Eighteenth street John Dansberry,
a nonunion colored teamster, was shot
He had attempted to strike boy who
shouted an offensive epithet. A num-
ber CT strike sympathiZers instantly
made for the negro and began to
throw bricks and stones at him. Pri-
vate detectives rushed to Dansberry's S
aid. general fight ensued during
which Dansberry received a bullet in
the leg. It was necessary to take him
to hospital.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
DEFENSE OPENS ITS CASE.
Attorney for DR.. Koch Attacks Work
of Prosecution.

Mankato, Minn., May 5.-Attorney
W. d. Abbott, for the defense, made
the opening address to- the jury in the
Koch case during the morning. Flo
quently and forcibly he attacked the
weak points of the states case and
asserted the complete innocence Of the
defendant.
The defense will be along practically
the same lines as at the first trial.
Three main points will be empha-
sized.
Foremost will be the lack of.motive
for DR.. Koch to commit the crime.
Mr.. Abbott emphasized the fact that
the state declined to call the only eye
witness of the murder. The defense
would call Asa P. Brooks to the stand.
Ie was not the defense's witness any
more than the states, but the truth
should be presented to the jury.
Brooks was called as the first wit
ness for the defense and repeated the
story told at the first trial. He de-
clared Koch was not the man he saw
killing Gebhardt.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
BEFORE SENATE COMMITTEE.
J. J. Hill Heard on Proposed Railroad
Rate Bill

J. J. Hill Heard on Proposed Railroad
Rate Bill.
Washington, May 5.-James ]. Hill,
president of the Great Northern rail-
way, was before the senate committee
on interstate commerce and went into
details OF traffic conditions in the
Northwest, stating that the value of
the service is determined by the dem
sity of the traffic and that makes the
rate.
Mr. Hill warned the committee
against the possibilities of Gripping
the business of the country by placing
in the hands of few inexperienced
men the control Of ratemaking in all
parts OF, the country.
81 make this statement not for the
benefit alone of railroad men,, contin-
ued the speaker, because before you
get down to us there will be a great
many corpses about the country"
Commenting on a statement of Mr.
Hill that in twenty years there had
been reduction of rates from 2 cents
to 76-10O cents per ton per mile Chair
man Elkins asked what would happen
regarding rates in the next twenty
years.
"Give the roads fair treatment re-
piled Mr.. Hill, "and in twenty years l
think the rate will come down to half
a cent a ton per mile
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
NAN PATTERSON VERY ILL
NERVES COMPLETELY UNSTRUNG
BY THE ORDEAL OF HER
LATEST TRIAL.

" New York, May 5.-Nan Patterson
lies very i'll in the TOmbs prison, hel
nerves completely unstrung by the Or
perience in court at 2 O'Clock in the
morning when the jury had it's dis.
agreement. Her lawyers worked hard
to secure her release at once on bail
but up to 2:30 p. m. had made little
or no progress. At that time they had
not been able to communicate with the
district attorney and did not know his
intentions regarding the case. Bail
was ready in any sum, they said, and
they hoped to secure her freedom in a
day or two at the latest.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
WILL CONTINUE NEUTRAL.
Team Owners Association Not to Be
Drawn Into Strike.

Chicago. May 5.-The Chicago Team
Owners association, consisting of
large teamin. firms not affiliated with
the Employers Teaming association,
made new move during the day by
attempting deliveries to boycotted
houses. While attempts were made to
deliver to these houses the Team
Owners association was specific in
announcing that it would not be drawn
into the strike and would continue the
policy OF not discharging drivers who
refused TO make such deliveries.
I'VE will continue to make every
effort possible toward peace" said
Chairman Taft of the peace committee
of the Team Owners association" al.
though all our work heretofore has
been Ill vain. We intend to keep at
both sides until something is accom-
plished. Until then we will remain
neutral. Meanwhile drivers who are
turned hack at picket lines while de-
iyering to boycotted houses will not
be DISCHARGED"
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
HOTEL BLAZE AT DULUTH RE.
SUITS IN DEATH OF SEW
ERAL GUESTS.
ONLY ONE POSITIVELY IDENTIFIED
BODIES OF VICTIMS FOUND IN
RUINS AFTER FIRE is EX-
TINGUISHED.

Duluth, May 5.-Four lives were lost
In a fire which occurred during the
night in the old Fifth Avenue hotel.
Three bodies were recovered after the
blaze had been eXtinguished and a
fourth was found in the ruins during
the morning. Only one of them has
been positively identified and that is
Duncan Mcintyre. The other three
are unknown. but two of them are be
lieved to be John Myers and Abe
Fletcher. The identity Of the fourth
man Is complete mystery as yet and
1t may never be definitely known.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
WIFE AND CHILDREN KILLED
Minnesota Farmer Leaves Dynamite ir
Kitchen Stove.

St. Cloud, Mimi, May 5.-One wo
man and two children were instantly
killed and one boy probably fatally
Injured on farm three miles from
Bridgman by. the explosion of dyna-
mite.
James Hunter was clearing his farm
OF stumps, using dynamite for the pur-
pose. Before he went to work he put
stick Of dynamite in the kitchen
stove to warm it. Soon after this he
found 1t necessary to change his plans
and go to town for some repairs, for
getting to take the dynamite from the
stove.
Soon after Hunter left his wife and
three children, who were in the
kitchen, were blown up by an explo
sion, which instantly killed the mother
and two children. A boy about six
years old was blown through a win
dow and thus escaped instant death
He will die, however.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
ANOTHER PROTEST FILED.
japan Again Addresses France on
Question of Neutrality.

TOXIC, May 5.--The press of this city
continues its sharp criticism of French
neutrality in Indo-China waters and
expresses surprise and indignation at
what it describes as the elasticity OF
Frances pledge.
The J1ji urges the government to
adopt Independent action for the pro
lection OF the national interests and
insists that the responsibility for the
extension of hospitalities to the Rus
sian feet must rest upon France.
Ii is understood that the Japanese
government has addressed France on
ttssc question OF her neutrality, but the
l-auure OF the correspondence is un-
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
FREIGHT BUSINESS CRIPPLED
Teamsters' Strike Affects Lake Trans
portation Companies.

HOIIdtIOII OOIIIpdIHSS.
Chicago, May 5.-The effects OF the
teamsters' strike have reached the
lake transportation companies and Sc
riously crippled the large freight bust
ness which usually is done at this time
of the year. Owing to inability to have
goods transferred from the railroad
depots to the docks all the principal
steamship lines either have abandoned
or curtailed their service. The Mich
igan Steamship company has decided
not to send out any boats until the
strike is settled. This line has seven
boats whick ordinarily go into service
April l and are taxed to their carrying 6
capacity at this time.
The Goodrich line and Graham &
Morton have cut down their service
from daily to tri-weekly on account of
the falling off in business. The Mani
tou Steamship company and the Barry
line also have been forced to abandon
part OF their freight business.
The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1905-05-05
MANY DELEGATES PRESENT.
international Railway Congress Meets
at Washinuton.

Washington, May 5.-The interna
tional railway congress was formally
opened during the day by Vice Presi
dent Fairbanks. The congress is the
seventh in the history of the organiza
tion and the first to be held in the
United States. Every railroad of i'm.
portance in the world is represented
At the time Of the opening 450 dele.
gates had presented their credentials
Double this number is expected, 800
of whom are from foreign countries
The congress is meeting in the ban
quet hall Of the new Willard hotel
Vice President Fairbanks, in calling
the congress to order, welcomed the
delegates to the United States and
congratulated this country What the
congress was holding its seventh ses
sion here.