Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1905-09-09

KEEPING IAb
ON THE World
Concluded from page z.

the price of copper was going to break
4szddenly to low figure and that, as
copper stocks might be expected to
slump when the break came. he gave
warning that he and his friends would
profit at the expense of stock gamblers
by forming a $10,0O0000 pool for the
purpose Of selling copper and smelling
stocks. OF this, 100000 would be
reserved for himself and $4,0O000C
was offered to the public the pool to
snd on or before Jan. /, 1906 This
announcement was greeted with de-
rision by the big Wall street financiers,
who say that never before has refined
copper been so legitimately strong as
It Is today, when there is no surplus
and no spot copper to be had for any
price Copper deliverable next March
Is selling at 16 cents per pound.
For a New South American Port.
The port of Buenos Ayres, in South
America, being too shallow to admit
the large ocean steamers, concession
has been secured by Arturo Castana
for the construction of a new port in
The bay Of Samborombone, fifty miles
toward the Atlantic, along the river
Plate. The scheme involves the ex-
penditure of about $40,0O0,O0O most
OF whicI has been subscribed in Paris.
The contract is said to have been let
to Il Manchester England firm for
constructing the port, and other COM
panies are being formed to build
canals, railways and warehouses.
Boycott ParaIyzes Flour Trade.
a Seattle milling company has word
from Hongkong, China, that the boy
colt Of American goods has completely
paralyzed the flour trade between Pa
cific ports and China and that no sales
of any Importance have been made
since July Is, while orders for Sep
TENDER have been Cancelled
Big Pulp Forest Sales.
A Catholic institution of Quebec
known as the Seminary has sold 800
Square miles of spruce timber lands on
the river st. Anne, in Canada, to the
Bayless Pulp and Paper company Of
Binghamton, n. Y, for about $1,000,
900. The charter for this property
dates back about 300 years, when it
was granted by the king of France.
More Beer Less Whisky.
The report Of the internal revenue
bureau for the last fiscal year shows
that beer is increasing in popularity
among the consumers of alcoholic bev-
erages, while whisky is on the decline
The consumption of beer increased
1.251, 40T barrels, while that Of whisky
decreased 704 ,040 gallons. At the same
time the decrease Of fruit spirits
amounted to 1922 gallons.
Ryan Defends Equitable.
In newspaper interview at Seattle,
Wash, Thomas f. Ryan, who recently
bought the control of the Equitable
Life, said that hereafter the business
would be run as an insurance COM
pany pure and simple for the welfare
OF the policy holders, and he approved
heartily of the proposed legislative in
gestigation OF all insurance companies,
and it was his opinion that the federal
government should have the same su-
perVision Of life insurance companies
as it has over national banks.
Arrival of the Farmer Banker.
During the past season the banks
controlled by the wheat farmers of
Kansas alone have increased at the
rate Of five or six week, and almost
as fast in other western wheat states.
Banking Commissioner Royce says that
deposits in Kansas banks have increas-
cd more than 800 per cent In ten years.
A 94o,ooo,ooo Pottery Trust.
A group of Philadelphia capitalists
has formed combination Of the East
Liverpool (O) crockery manufactures,
with capital Of $4,000, 900. The COM
Dine does not include the Homer
1saughlin China company Of East Liv-
.Nrpool, which is one of the largest
concerns there. 1t is proposed later to
absorb the art ware and sanitary ware
plants at Trenton, N. j., thus virtually
controlling the pottery industry of the
country.
Southern Exports Increasing.
Speaking Of the American exports
Turing the past fiscal year. the Manu-
facturers' Record shows that Al per
GENT of the total originated directly or
Indirectly from the south. The total
value of our exports was 81 ,491, IA, 695.
The increase in value over the preced-
ing year was $3.50, 565, 678. More cot
ton and less wheat were sent abroad.