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THE MINNEAPOLIS JOURNAK
PBICE TWO CENTS.
First Federal Parliament Is
UNDER DUCAL AUSPICES
He of Cornwall and York Presides
and Gives an Address.
APPOINTMENTS MOST SUMPTUOUS
Striking Decoration* of the Hall of
Assembly, Which la Thronged
With Happy Coloni»t». *
Melbourne, May 9.—The opening of the
first federal parliament which took place
at noon was a most impressive ceremony.
The capacity of the exhibition building,
the scene of the ceremony is 12,000 people
but the available space was taxed to the
The decorations consisted of regimental
standards, trophies of arms and floral fes
The doors were opened to ticket-holders
at 9 o'clock this morning and by 11 o'clock
the auditorium was filled except the royal
dais. This was located beneath the great
dome. It held a single row of chairs,
the largest, in the center, being surmount
ed by a small gold imperial crown. The
whole was overhung with the royal stand
ard. In front of the royal chair was a
small table on which was a telegraph key.
by which the Duke of Cornwall and York
■was to flash the opening signal throughout
the commonwealth when the union jack
was to be simultaneously raised in every
settlement of the federation.
The majority of the audience was com
posed of ladies, mostly clad in mauve
colored costumes; but many of them were
dressed in white.
In Brilliant Attire.
Brilliant, scattered groups of army and
namy uniforms gave color to the scene.
Facing the dais was a slightly raised plat
form where seven rows of chairs accom
modated the members of the common
wealth parliament. The lofty north
transept was devoted to the members of
the state parliaments. East and west of
the dais were grouped the ministerial
staffs. The remainder of the hall and
the galleries were packed with a well
dressed, earnest, expectant crowd. A
great orchestra enlivened the ante-meri
dian hour with operatic airs.
The audience was a marvellously varied
and interesting assemblage. Red-robed,
white-wigged judges, speakers wigged
and gowned similar tc the speaker of the
British house of commons; British and
foreign military and naval uniforms;
bishops and clergy of many denominations
in their respective canonicals and court
uniforms, contrasted with khaki-clad co
lonial officers. Surrounding all was a
mass of civilian spectators of all ages,
the whole forming a memorable spectacle.
The formal proceedings were begun at
11:54 a. m., with the reading of the proc
lamation summoning the senate and rep
resentatives. Noon was signalized by a
fanfare of trumpets from the military
Enter the Royal One*.
The royal party then entered and was
conducted to the dais, the orchestra play-
Ing the national anthem. The Duke of
Cornwall and York wore an admiral's
uniform with the ribbon of the order of
the Garter. The Duchess of Cornwall
and York and Lady Hopetoun, wife of the
governor general, the Earl of Hopetoun,
and the ladies of the suites all wore
The duke, through black rod. then
summoned hte two houses, in acocrdance
with the strict formula of the British par
liament and the members filed in. The
hundredth psalm was sung, with all pres
ent standing, and the Earl of Hopetoun
read a prayer after which the Duke of
Cornwall and York made a lengihy ad
dress and declared parliament open.
The Duke in his address referred to the
•wishes of the late queen, who before her
death signed his commission to open par
liament. He paid a tribute* to the gener
ous aid rendered by the colonies in the
South African war, the splendid bravery
of the troops and the services of the
squadron in China, and expressed the in
terest taken by King Edward VII. in the
Australian people. It was his earnest
prayer that the union, so happily achieved
would prove an instrument for the further
advancing of the welfare of the Austra
lian subjects of the king and the consoli
dation of the empire.
SHORT OCEAN ROUTE
Object of Bond Issue of Great
Northern Railway of
Special to The Journal.
New York, May 9. —Banking houses in
Hew York, Boston and Philadelphia have
underwritten an issue of $4,040,000 of the
first mortgage gold 50-year 5 per cent
■bonds of the Great Northern Railway com
pany of Canada at 871/ 2 , less 2^ per cent
commission. Of these, bonds in excess of
|1,000,000 have been underwritten m Bos
ton. Public offering of these bonds is to
be made not later than Oct. 1, 1901,
through banking houses especially desig
nated by a committee of the underwriters.
The proceeds from the sale of these bonds
ere to be devoted to m&kia? improvement.?
along the line of the Great Northern and
to provide for current expenses.
The Great Northern railway, of Canada,
■with the Canada Atlantic railway, the
Canada Atlantic Transit company and the
Leyland Line of Steamships, forms a new
through line from Duluth to Liverpool
that is shorter, by many hundreds of
miles, than any of the routes now in ex
istence. Steamships of 7,000 tons burden
(the property of the Transport company)
run from Duluth. Chicago and other ports
on both Lakes Superior and Michigan to
Paryr Sound, on the easterly borders of
Georgian Bay, where freight is transferred
to the Canada Atlantic railway and taken
to Quebec via this and the Great North
ern, railway. The distance this way is
3,775 miles, against 4,577 miles via Buf
falo, a difference of 802 miles in favor
of the former route.
MUNICIPAL, LEAGUE OFFICERS.
Rochester, -N. i V., ' May 9.—The - National
Municipal League to-day unanimously elected
these officers for the ensuing year:. President,
James C. Carter, New York; secretary. Clin
ton Rogers Woodruff, Philadelphia; treasurer,
George Burnham, Jr . Philadelphia; an execu
tive committee, including Charles J. Bona
parts, Baltimore;" George W. Ocha, Chatta
nooga ; Harry Garfield. Clevel4 and . John
A. v Butler/ UUwaakM.'MMHßgl^Bl
The Acting Commissioner Re
ceives No Very Start
Special to The Journal.
Washington, May 9.—Acting Commis
sioner of Indian Affairs Tonner has re
ceived no advices that the Chippewas are
arming to prevent the removal of timber
cut from their reservations in Minnesota
under dead and down contracts. He did
get word from Captain Mercer a short
time ago that a movement was on foot to
prevent the exportation of timber, but
there was no threat of armed forces. At
his suggestion Captain Mercer has gone
to Pine Point and other places mentioned
in the dispatch from St. Cloud to investi
gate the trouble and straighten it out if
Captain Tonner to-day received a re
port that all the Indians at Bad River and
Lac Dv Flambeau and Fond dv Lac reser
vation who have had smallpox have re
covered and the disease is entirely
No word has reached here about the
smallpox situation in South Dakota in
several days. The Indian officials argue
from this that it is under control.
An Unconfirmed Report That
Heavy Interests Are to
Special to The Journal.
New York, May 9.—lt was reported to
day that negotiations are pending for the
consolidation of the silver lead mines of
the Coeur d' Alene district in Idaho, which
supplies all the Galena ores used by the
American Smelling and Refining company.
The capital was mentioned as $30,000,000.
An officer of the latter company, however,
says that while negotiations are pending
for the purchase of several mines in the
Idaho district, no consolidation Is pro
It was also said that the report that the
American Smelting and Refining company
would set one-third of the excess above
65 cents on the price of silver had no
foundation in fact. The claim is made
that the success of the smelters merger
depends somewhat on the acquisition of
the silver lead mines of the Cover d'
Alene district. There are four large in
terests in that district. The Empire
State Mining Company, a New York con
cern which owns the Last Chance and
Poorman Tiger group, the biggest silver
and lead properties in America, earns
nearly 1,000.000 net jer annum. The
D. G. Mills group, consisting of the Bun
ker Hill and SuUivan, is credited with
earning $500,000 net ?er annum. The
Finch and Campbell Mines come then with
a like amount and the Larson and Greno
Mines, which earn about $100,000 a year,
come fourth. Other smaller concerns
bring the net earnings of the Coeur d'
Alene district up to about $5,000,000 a
President McKinley Seen CharmlnE
Sights in California.
Los Angeles, Cal., May 9. —After break
fast at the home of General Harrison
Gray Otis. President McKinley and his
party were to-day escorted in carriages
through the parks and the residence sec
tion of the city. Shortly after 11 o'clock
the presidential party tok position at \
the head of the floral parade, in carriages
beautifully decorated with natural flow
ers, and the glitering pageant began to
The parade was one of the most beauti
ful ever held in Southern California.
The streets along the line of march were
thronged and everywhere the president
and his party wer given the most enthusi
Later in the day the Dresident visited
the soldiers' home at Santa Monica and
was given an enthusiastic and cordial re
ception by the veterans. The president
delivered a short address which was fre
DE WET'S HOUSE BURNED.
London, May 9.— The colonial secretary, Mr.
Chamberlain, answering a question in the
house of commons to-day said General De
Wet's house had been burned in June, as the
railroad had 'been cut near his farm.
J^ (^C^X -^_y
THUBSDAY EVENING, MAY 9, 1901.
Titled- Actor Cuts an Un
pleasant Figure in Court.
Very Uncomplimentary Utterances
Fired at G. F. A. Seymour.
HIS HISTRIONIC ABILITY MEAGER
This the Allegation of Theatrical
Manager* in Earl's Libel.
tfmw York Sun Stucfaf Smrvtom*
New York, May George Francis
Alexander Seymour, by courtesy Earl of
Yarmouth and an actor, met all comers
in Part XII. of the supreme court before
Justice Blanchard, and a«ked that every
body with any decency of disposition then
present circulate as widely as possible the
information that he had not been snubbed
by Miss Sylvia Green on Tuesday morn
ing in the court room. Some unkind per
son had said that the earl had been
treated with very small consideration by
Miss Green, who is the daughter, of Hetty
Green, and has been summoned in the
action of the earl against the Daily Tele
graph company. She is .to be asked to
say for the newspaper that the earl is a
Miss Green was not in court to-day. It
was stated that she was within easy call
by telephone. There were other witnesses
in plenty. They all took a shy at tne
Before the witnesses began Henry Woll
man, who is one of the counsel for the
Telegraph, began his opening. Mr. Woll
Not an Earl.
This plaintiff is not an earl. His father is
not dead yet. His title does not count until
his father dies. We will show to you, gentle
men of the jury, that this man calling him
self an earl, rouged his face, painted his
arms and neck and assumed the dress and
manners of a female ballet dancer. We will
show you that this man associated with
Lord Alfred Douglas and the Marquis of
Anglesey; that this scion of the English no
bility occupied tUmself with the sale of bull
pugs, and that he thus made his living; that
Mr. Froham engaged this Englishman as an
Englishman and that he was exhibited by
Mr. Frohman as a monkey, just as Mr. Sells
or any other showman would exhibit a
We will show that the noble earl has made
the name Yormouth immortal in this coun
try—immortal for infamy and bankruptcy.
The earl scowled and half rose from his
seat. Mr. Hummel, his counsel restrained
The first witness was Edwin O. Christie,
a reporter of the Telegraph. Mr. Christie
said that Irving Mark, a theatrical man,
had told him that as an actor "Eric
Hope" was "rotten." but that he might
pass for something or" other if he were
advertised as the "Earl of Yarmouth."
The witness also testified that Mr. Cun
ningham, the manager of the American
! theater, had told him that the earl had
said that he would lose $1,500 a year if
he appeared on the stage in this country
as Earl of Yarmouth. Mr. Cunningham,
according to Mr. Christie, expressed his
belief that the earl had never possessed
so much money in his life. Mr. Christie
said that the earl as an actor was useless
Anything but Complimentery.
"At the time you wrote the article," asked
Mr. Hummel on cross-examination, "you had
not seen the earl."
"I had not."
"You interviewed a billposter about him?"
"Now, in this article you say," continued
Mr. Hummel, "that a heartless manager told
the earl that ho was not worth 7 cents a week
as Eric Hope? What manager told you
"None," answered Mr. Christie. "The man
ager said 'he isn't worth a —' "
"You changed the words?"
ALL THE WORLD'S A WHEEL.
And J. Pierpont Morgan Is the Wheelman.
Alfred Maymann, who is associated with
Charles FTohman, said that Mr. Frohmau
first paid the earl at the rate of $250 a
week. Afterward the salary was $100 a
"Didn't the plaintiff's name appear as
the Earl of Yarmouth?"
"Yes," aoiwered the witness, "as often
as we could get it in."
Irving Marks testified that in his opin
ion the earl was not a good actor, and
was valuable to theatrical employers sim
ply because of his lineage. John J. Cole
man, a theater manager, said that he did
not think that the earl was worth much
as an actor. So did MiM Jennie Jacobs, a
brokerage agent, who said that she had
agreed to pay the earl and a young
woman who acted, with him, $35 a week for
Not fS a Year.
Mr. Marks, who had a fine flower gar
den in his button hole, said that be bad
said that he would not give the earl $5 a
year for his appearance at the Sunday
concerts at the American theater without
his title. When asked just how the earl
wae to be valuable anyway at a "sacred
concert" Mr. Marks was embarrassed.
Warl Decker, who once was a hero be
cause he accompanied Miss Clanero out of
prison in Havana, where she was locked
up by the ever hated Weyler, testified
that he had written an article in which
the earl was described as one who would
be obliged to find occupation as a cab
driver if he lost his place as an actor.
He was asked what he meant by that,
It U not unuaual for members of the nobil
ity to drive cabs. I meant to indicate by the
expression the lowly class -of labor for which
some noblemen pre qualified when all their
inherited money Is gone.
VIEWS OF HILL
James J. Eulogizes the North
west and Talks of His
SpeclaJ to The Journal.
New York, May 9.—Jameg J. Hill to-day
paid a great compliment to the northwest,
and especially to the state of Washington,
which he compared with th© state of
Pennsylvania, one of the greatest and
most prosperous states. He said:
The development of th« west ;" and north
west is amazing almost beyond "comprehen
sion. The vast .- empire is * filling iup ; with
people as never before. 3During six days of
last week the Great Northern and Northern
Pacific took out of St. Paul and Minneapolis
20,000 people, who intend |to , settle jj in " the
states traversed by these roads. About half
of them were destined for the state of Wash
ington. Most of the > remainder dropped off
at points along the route.r^ T.;"
Washington, to my mind, is one of the rich
est states of America. It has everything that
Pennsylvania has,- and more. It has iron,
coal, copper, oil, gold, silver,, and splendid
agricultural j areas. Its resources justify, the
most' extravagant claims-- of, Its inhabitants. '
My operations £in " Burlington ■ have- been
solely for and In behalf of the two great cor
porations. Great Northern f and ; Northern Pa
cific. That my plans do not conflict with the
public good may be assumed from' the fact
that it is my firm conviction and the rock
basis of my policy that properties dependent
for their "revenue on the public can * prosper
only when the people prosper. When the peo
ple are oppressed,- and - overtaxed - they [ suf
fer and ejprvline of business dependent "upon
tho.il ■krror-esi/iiC.nV.ly. \ I went ■ lnio
BaltimopNHr'hic -wt'A mime "61 my friends
because I believed the property could be put
Into better condition \ and earn • more money
with Its equipment f and facilities. I went
Into Erie because it seemed to me a sound
business proposition. It is a good '■■ property
and has been.kicked about and neglected for
j many years.
WISCONSIN A. 0. U. W.
Oellricn of Oahkosh I* Elected
Special to The Journal.
LaCrosse, Wis., May 9.—The second
day's session of the state convention of
the A. 0. U. W. opened this morning. The
election of officers began, but will not
be completed until this evening. Up to
the opening of the afternoon session the
following officers had been elected: Grand
master, Charles Oellrich, Oshkosh; grand
foreman, Fred Runge, Sheboygan; grand
overseer, C. H. Barker, West Superior.
This afternoon the delegates, numbering
nearly 200, were given an excursion on
the river. This evening they will have a
ball at Woodman hall, where the sessions
are being held.
To-morrow the selection of the next
meeting place will be made. Milwaukee
and West Superior are in the field, and
the chances are in favor of the former.
GOES DP TO 1000
Tremendous Excitement on Wall Street as
the Cornered Stock Goes Ballooning
Control of Northern Pacific in Doubt, but
liarriman Can Prevent or Modify
Peace Likely to Be Restored With Loss of
Prestige for Messrs. Morgan
New York, May 9.—At 11:15 Northern Pacific sold at $1,000 a share for cash.
New York, May 9—1:40 p. m.—Sixty per cent is bid for money.
Special to The Journal.
New York, May 9.—Northern Pacific caßh stock sold to-day at $1,000 a share. The
highest quotation on the regular stock up to 12 o'clock was $700. Soma
idea of the enormous advance in the value of Northern Pacific may be gained from
the fact that at to-day's prices for the cash stock, the total value of Northern Pacific
common is $80,000,000,000. It is only a short cry back to the time when it was worth
on the market undor $40,000,000.
J. Pierpont Morgan has telegraphed from his European retreat that he is not
in any way responsible for the ruling conditions in the stock market. Mr. Morgan
is probably right. The advance in stocks of late has not been due to bis manipula
tions, and to-day's break is likewise without his consent.
MORGAN'S LOSS IN MONEY AND PRESTIGE
Mr. Morgan's position in the stock is not the same as it was three weeks ago.
It has been shown that he is vulnerable, something that the street apparently believed
•was not the case. He rode rougshod over men like Stillman, Rockefeller and Harri
man, and instead of turning the other cheek they have gone after him with an ax.
As the result of the operations in the market in the last ten days he has lost
millions of dollars in money and an untold amount in prestige. The fact that Steel
common sold down to 25 and the preferred to 69 in to-day's market will-not be a
good recommendation to the European investors he desires to interest in the securi
ties of his company.
AVIIEUK DOES J. J. HILL COME OlTf
Wall street is at sea as to the position of James J. Hill regarding Northern Pa
cific. Mr. Hill says emphatically he still has control of the property, and President
Mellen of the Northern Pacific corroborates this. On the other hand, Jacob H.
Schiff of Kuhn, Loeb & Co. has stated positively that he and his associates control
the property. In view of the divergent statements, Wall street believes that neither
side knows exactly where it stands.
CONTROL OP N. P. IS IN DOUBT
Mr. Hill and his associates hold a large amount of Northern Pacific stock, but,
like most men in control of railroads, they hold their control through being able to
vote the proxies of small stockholders who take no personal interest in the railroad's
management. Both sides have purchased actively in the open market stock which
cannot be delivered, and it is believed that Hill on the one side and Harriman on the
other are counting on the stock which they have bought and which is not yet de
livered to give them control.
HARRIMAN HOLDS THE WHIP HAND
Harriman holds enough stock to prevent the carrying out of the Burlington deal.
Of this there is no question. His closest friends say he will not try to prevent the
deal's going through, but that his terms must be met and the position of the Union
Pacific assured before he will consent to the Northern Pacific becoming joint guar
antor with Great Northern of the bonds to be exchanged for Burlington stock.
The Burlington deal will, in all probability, be consummated. It will be done,
however, only when Mr. Hill has assented to the terms which Mr. Harriman will
make, and they will not be easy ones.
TRACING THE TRADING
Story of the Wild Day From Start to
New York, May 9.—The great excite
ment and heavy decline in practically all
securities except Northern Pacific which
began on the stock exchange yesterday
afternoon, continued to-day. From the
moment of the exchange's opening the
trading was furiously active, and for the
first half-hour, at least, apparently with
out suppport, although Northern Pacific
rose higher and higher on the bidding of
the frightened shorts. This stock rose
rapidly from 170 to 190, and then, almost
without a pause, the advance kept on
until at 10:35 o'clock, 300 was paid for 500
shares for immediate delivery. At the
same 100 shares for to-morrow's delivery'
were sold for 230.
All this time, as fast as Northern Pa
cific went up, other stocks were going
down. The opening declines in New York
Central, Missouri Pacific, Louisville and
Atchison ranged from 2 to 5 points and
it seemed for a time as if orders were
being given to sell without regard to
prices. This wildness was uninterrupted
until about 10:40, when it seemed that for
the moment, at least, there was a dispo
sition to steadiness.
The steamships Majestic and Servia,
which arrived from Europe last evenjng,
had in their mails large blocks of North
ern Pacific common for the account of
arbitrage houses, which were delivered to
them in the early mail this morning. The
stpcks were made ready for instant deliv
ery on the exchange, but apparently they
were not a drop in the bucket, for the
frantic demand for the stock was not af
After a Truce.
All interests centered in report! that
conferences were being held to patch up
a trace preliminary t» a permanent basis
16 PAGES-FIVE O'CLOCK.
of agreement between the rival Interests
in Union and Northern Pacific. It was
generally accepted by the street that the
Burlington deal would go through, but
that it would be arranged on some basis
satisfactory to the Kuhn-Loeb-Harriman
Indeed, it was said that the Harrlman
syndicate was in a position to dictate
terms, but it did not wish to proceed ar
bitrarily in the matter. It was denied by
Kuhn, Loeb & Co., and their asso
ciates in the deal that they had had any
desire to "squeeze" the shorts, all of
their buying having been done simply to
secure Northern Pacific stock for voting
purposes, and not as a speculative ma
The most prominent figures in the
financial world were vitally interested in
the outcome of the unprecedented situa
tion disclosed by the Harriman people
for control of the Northern Pacific, and
i throngs crowded the offices of J. P. Mor
gan & Co., Kuhn, Loeb & Co., the First
National and the National City banks*
eagerly awaiting news. There were many
conferences of various financial leaders
throughout the morning.
It was learned from an authoritative
® , "VICIOUS ATTACK ON MORGAN STOCKS" J
<$>, ;y -., • ;.■ ■;. ■•■■•_.■ _.: r ■ .■:•■ vy- '■■:• :''- ■■" "*"
<§> Special to The Journal. •/'• ''■■..■' ' Wsfi ''.'■ '
<$> New York, May Advices from a reliable source to-day afford; a different <
♦ view of the situation. ■, The statement made to the correspondent of The <
<$• Journal is as follows: 7. \ ■ ; ,-\ ■- '■ '•"•■• ■ . J
<♦• • "I believe . Morgan . has stock '• certificates . representing a controlling inter- <*>"
<$■ '•'': est'in: the : Northern ■ Pacific. -. Kuhn, [ Loeb .& 'Co. bought contracts for delivery <» }
<s> ". here "and abroad. . They have called for delivery and the stock is not forthcom- i
<§> • ing. They try now to make it ; appear that Morgan '■ is cornering \ the stock and <$>
<& oppressing the short interest, but this, of course, is ridiculous. I have com- <8>
<$> '■ pie te faith' in ; Morgan. Undoubtedly a vicious attack has been made on : all hi» <e>:
<•> stocks: to-day. -I think it-will be without result, sara to ruin many credulous <
<?> ; and innocent parties." . *:,_ . /. : ■•-'■-».'-T"'; ' *\
r^.^---~^^^ ' ■ - ■ ■;■■"'■■ ■"■" '■'•-'• '■"*
source that up to 11 o'clock no compromise
had been agreed upon, but that the situa-
tion was more hopeful than it had been.
Peace Is in Sight.
Efforts to arrange conferences between
the conflicting interests were resumed
this morning, and while no definite steps
have been taken, it seems certain that
there will be a meeting and with it peace.
Kuhn, Loeb & Co., who openly declare
that they have a majority of the Northern
Pacific stock, say to-day that their policy
is a conciliatory one and that they have
reached out with all the strea of their
position and influence in an c. 110 pro
tect instead of crush.
The offer to loan Northern Pacific stock*
to the shorts made to J. P. Morgan & Co.
yesterday was renewed by Kuhn, Loeb &
Co. to-day and a readiness indicated to
lend in proportion to the respective hold
ings. The latter feature of the offer
would, it is known, force Kuhn, Loeb &
Co. to advance the greater ■ number of
shares. A man high in authority in the
street and close to the Harriman-Kuhn,
Lock & Co. group of financiers, said:
"We will continue to seek a settlement
upon a reasonable basis. We do not wish
to see innocent men suffer and have no
disposition to dictate unfair terms. The
offer of Kuhn, Loeb & Co. to loan stock
to the shorts is still open. The firm's
policy is conciliatory. It would protect
rather than destroy. There are efforts
afoot to get the conflicting interests to
gether and we are hopeful as to the im
The Burlington Deal.
It is positively stated that the Burling
ton deal will go through' but it is felt
that the condition of its new ownership
will vary materially from those in view
when the Great Northern first submitted
Trading in Northern Pacific became so
wild and exctted toward 11 o'clock that
prices changed rapidly, 25 and 50 points
at a time. A sale of 530 was recorded,
and almost immediately another one came
out on the tape of 700. This was for to
morrow's delivery, and not a cas-h sale,
as some of the earlier ones had been,
thereby Indicating a belief on the part of
the purchaser that the short commitments
were so large that the stock to come from
Europe would afford little or no relief.
The great excitement in the stock this
morning and the frantic efforts to buy
would seem to show that the short sales
were much larger than were supposed on
At 11:40 the statement was made that
J. P. Morgan & Co, and Kuhn, Loeb & Co.
had just agreed not to enforce deliveries
on Northern Pacific stock to-day. With
this announcement there came a rally in
prices throughout the general list, Atcbi
son common selling up to 61^. the pre
ferred to 80, Manhattan to 100 and others
In smaller proportion.
Just before 12 o'clock there was a
rapid and sensational rise in United States
Steel to 45, Manhattan got up to 105-,
Southern Pacific to 36%, Amalgamated
Copper to 107, Atchison preferred to 90
and others rising a i>oint or two at a
At noon the assignment of Charles R.
Sickels, a broker, was announced.
Hill Makes a Statement.
President J. J. Hill of the Great Nortto
ern road made this statement to-day:
I never bought or sold a share of North
ern Pacific stock on the floor, and what is
more, in six months I have neither acquired
nor gotten rid of Northern Pacific stock or
any other stock. When the fog of battle lift*
and the air becomes clearer, as I believe
it soon will, people will see many thing 3
in a much clearer light than they now.
We never have bad control of tne North
ern Pacific road: we don't want control;
we are not trying to get controi, and under
the law we could not retain control if ever
we got it.
There has been apprehension that large
funds of money might be called from New
York by the country banks, but so far
there has been no evidence in support of
this theory. On the other hand money is
being forwarded to New York largely by
bargain hunters from all over the country
who wish to secure cheap Btock.
At the stock exchange clearing house it
was said the balance of Northern Pacific
common to be delivered waa 80,000 Bhare«,