60 Pages
Pages lto 10
vol. xxviii. no. 5;
PORTLAND,
OR EG OX,
SUNDAY MORNING, DECEMBER 26, .1909.
PRICE FIVE CENTS.
THREE STATES
GRASP OF
Winnipeg to South Illi
nois Crippled.
GOAL FAMINE IS IMMINENT
Seven Inches of Snow Covers
Vast Zone, Traffic Halts.
MICHIGAN SUFERS MOST
Omaha and Lincoln, Xeb., Annul All
Trains Chicago's Condition
Critical Intense Cold Pre
dicted Wires Down.
.CHICAGO. Dec. !6. (Special.) The
entire West and Northwest from Winni
peg. Man., to the lower tier of Illinois
counties, along the Ohio- River, are hard
and fast in the grip of the Storm King.
An average of seven Inches of snow
blankets all this vast territory, crippling
all transportation lines, bringing intense
Buffering to the poor, making acute the
coal famine which menaces Chicago and
other big cities and reducing supplies
of all kinds because the railroads cannot
transport farm products to the cities.
Sharper Storm Predicted.
The snow began falling at 2 o'clock
Friday' afternoon and has been coming
down steadily ever since. The tempera
ture, which averaged- about 30 degrees,
Ls falling rapidly and the' predictions are
for Intensely cold weather before Sunday
night. Reports late tonight indicate that
the storm la spreading out toward the
South, the wet, heavy snow seriously
crippling telegraph and telephone commu
nication and delaying railroad trains.
Meager reports from Michigan indicate
that state has suffered most severely.
A few telegrams drifting through tell
of blockades in all directions. Grand
Trunk and Pere Marquette trains are ab
solutely snowbound. At Detroit, street
car traffio is badly impaired and the
car ferries have been fast in the ice of
the Detroit River for 24 hours.
Streetcar System Blocked.
'Omaha and Lincoln, Neb., report
streetcar traffic at a standstill and rail
roads, unable to move trains except at a
snail's pace, have annulled all regular
passenger trains, leaving: them to get
through on the best schedule possible.
To get. passenger trains through, no
freight trains are leaving the ter
minals. Trains into Chicago from all direc
tions are from three to ten hours late
and, unless the storm soon abates, con
ditions will be much worse. While the
elevated trains are running 1 jlrly well
the surface roads are badly handi
capped. Not only ls Chicago's transpor
tation badly hampered, but the city is
facing a coal famine.
Coal Famine Faced.
It became apparent three days ago
that the supply would run short and
every railroad tapptig Illinois and
Indiana coal fields had made arrange
ments to take advantage of the double
holiday to rush a big supply to this
and other cities. "With the roads bend
ing every effort to get passenger trains
through the snow, however, the moving
of freight was absolutely out of the
question, and the large supply of coal
waiting to be moved still remains on
the sidetracks.
Charitable associations are burdened
to the limit by calls for assistance.
ilTERUT FROZEN" IN LAKE ICE
Jiallroad Passengers at Detroit Walt
Till Way Is Chopped.
tETTtOIT, Mich., Deo. 25. Six coaches
bf Christmas travelers on the Canadian
S'aclflo's Chioagn-Toronto train are stalled
In the Detroit River, aboard the com
pany' car ferry Michigan, which has been
(Concluded on Pas 3.)
ReKtlnir.
STORM
TELEPHONE'S CALL
UNITES BROTHERS
SEPARATED FOR 20 YEARS.
THEY MEET BY CHANCE.
Long Distance Call Renews Youthful
Memories, and They Hurry to
Meet by Train.
DENVER. Dec." 25. Charles H. and
John W. Harrison, brothers, who had not
seen or heard of each other for 2D years
were strangely? reunited here today
through a chance telephone call.
More than 20 years ago, when 12 years
old, Charles Harrison ran away from'hls
home at Lawrence, Kanj He drifted to
Colorado and became a su,ccessful mining
proprietor. In the meantime. John W.
Harrison settled In Wyoming and became
one of the construction engineers in the
Union Pacific service. Today, Charles
H. Harrison went to the office of Attor
ney Krump on legal business and while
he was there the telephone rang.
"Excuse me a moment," said the law
yer; "I've got a long-distance call, and,
by the- way, it's a man by your name.
Harrison. He's up in Laramie."
"What's his first name?" inquired the
mining man casually.
"John John W. Harrison."
"What!" yelled the visitor. "Why.
maybe he's " and Mr. Harrison grabbed
the telephone from the lawyer's hand.
"Is this John W. Harrison?" he asked.
He was assured it was. "Did you live ln
Lawrence. Kansas, when you were a
kid?" "Yes." "Did you have an cider
brother named Charlie?" "Yes." "Well,
this is Charlie."
Then the brothers had & long conver
sation in which each told of his business
and the result was that John "W. Harri
son is tonight on his way to Denver,
where the brothers will meet.
XMAS RIFLE KILLS TOT
Boy Brushes' Dirt Off Gan, Playmate
Shot Through Heart.
RIVERSIDE, Cal, Dec. 25. (Spe
cial.) Harold McLean, 9 years old. son
of Mrs. William McLean, was accident
ally shot through the heart this af
ternoon by a companion, Roy Salter, of
Pasadena, as the two boys were start
ing on a duck hunt near Pedley Sta
tion. Death came instantly.
Mrs. McLean and her son came from
Nokomls, 111., two months ago, to pass
the Winter with her sister, Mrs. A.
Fagan. Roy Salter, who is the son of
Charles Salter, of Pasadena, recently
arrived for a Christmas visit at the
same home'.
Noticing: some dirt on the barrel of
the 22-caliber rifle which he received
from Santa Claus, the Salter boy made
a quick motion to .brush it off, when
the gun exploded. Young: McLean fell
dead without uttering a word. The
mother ls prostrated with grief. The
body will be taken to Illinois for bur
ial. JESSE JAMES HUNTER DIES
J. D. Warren, Veteran Who Pursued
Outlaws Passes at Tacoma.
TAOOMA, Wash., Dec. 26. (Special.)
J. D. Warren, who was In the service
of the United States Government for
several yera hunting Jesse James and
his brothers, died today of old age at
the residence of his son-in-law. County
Assessor Kailsback.
Mr. Warren served in the Union
Army as Colonel, and when the James
brothers began their reign of terror
he was for . a, long time engaged In
fighting the outlaws. In the 'skirmishes
he experienced several narrow escapes
from death. He was bom at Inde
pendence, Mo.; and had lived In Tacoma
20 years.
GRIEF KILLING TWOMBLEY
Vanderbllt's Brother-in-Law Dying
In East From Heart Disease.
MADISON. N. T.. Dec 15. Oxygen
was resorted to today to prolong the
life of Hamilton HcK. Twombley.
brother-in-law of W. K. Vanderbilt,
who Is critically ill here with heart
disease. Little hope is held out for
his recovery.
Twombley Is between 60 and 70
years old and is a director in many
important railroads and corporations.
Friends say that his illness is prin
cipally due to grief over the drowning
of his son at Squall Lake, N. IL. last
Summer.
HARRY MURPHY, NOW THAT THE WORST IS OVER, CONTRIBUTES
4 Ka J
kHyv trj vrx Y'tfr '$V m
5
Help! Where IMnchotr
BODY BLOW GIVEN
C.0.D.LIPR SALES
Express Concerns Must
Stop Collecting.
'JOHN DOE" TRADE ALSO HIT
Stiff Interstate Liquor Law
Effective With New Year.
MEASURE WORK OF "DRYS"
All Packages of lJquors Shipped Into
Prohibition States Must Be Ad
dresed to Bona Fide Con-,
signeee. Says Code.
OKHGON1AN NEWS BUREAU, Wash
ington, Dec. 25. On and after January 1,
1910, the Importation o liquor into pro
hibition states must be carried on openly
and above .board. No longer ma.y the
user of whisky, beer or wines import for
his own use any of these drinkables un
less the package In . which they are
shipped is plainly marked on the cover,
showing the nature and extent of the
liquid contents. This is one of the re
quirements of the new Interstate liquor
law, which was Incorporated in the penal
code passed at the last regular -session
of Congress.
This new law is the first fruit of the
long-continued campaign waged by the
Prohibitionists before Congress. It is
not all that they asked, but they re
gard it as a great victory, as they are
confident that the new enactment will
'aid materially all "dry" states in the
enforcement of their local liquor laws.
It will enable the prohibition states to
keep track of all liquor imported from
another state or from abroad, and in
that way render it easier to check the
sale of Intoxicants in communities
where such traffic is unlawful.
Agents May Not Collect.
Sections 23$, 239 and 240 of the penal
code, which becomes effective on the
first of January, impose new restrictions
upon the interstate shipment of liquor,
and while applicable to shipments from
any state or territory to any ottter state
or territory, or from a foreign . country
to any state or territory,' are chiefly Im
portant as they-bear upon shipments in
to prohibition states. Not only do these
sections of the code require the plain
marking of packages containing liquor,
but they put an end to the practice of
express and freight agents acting as col
lectors for liquor dealers, and also put
a stop to anonymous shipments, and do
away with the C. O. D. liquor traffic,
all of which practices have been effect
ive barriers to the successful enforce
ment of state prohibition laws.
Under the terms of Section 240 of the
code, "any package containing any spir
ituous, vinous, malted, fermented, or
other intoxicating liquor of any kind"
must be plainly labeled on the outside
cover so as to show the name of the
consignee, the nature of its contents
and the quantity contained therein.
Any person who knowingly ships liquor
from one state to another and fails to
comply with this requirement shall be
subject to a fine of not more than $5000,
and liquor shipped in violation of this
section shall be forfeited to the United
States, and may be seized and con
demned by the Federal authorities.
X "John Doe" Shipments.
Another section . provides that "any
officer, agent or employe of any rail
road company, express company or
other common carrier who shall know
ingly deliver or cause to be delivered
to any person other than the consignee,
unless upon the written order in each
instance of the bonafide consignee, or
to any fictitious person, or to any per
son under a fictitious name, any such
liquor as just described when, shipped
from one state to another, shall be
fined not more than 5000. or impris
oned for not more than two years, or
both.
This provision is Intended to break
(Concluded on Pas 2. )
Tousc Man's Preoenta.
' WOiiAi. who Twniis iIe iesn
SW-"':' N Pi COST AS MUCM'A THOSE "5Mf . 1
INDEX OF TOWS NEWS
YESTERDAY'S Maximum. temperature. ' S3
degrees; minimum temperature, SO degrees.
TODAY'S Rain or mow; easterly vwlnd.
Fore-Ism.
Relays, boards Mexican gunboat under eye
of American ships. Section 1, page 15.
Spanish storm wrecks five vessels at mouth
of Douro. Section 1. page 2.
France In panic at inroads of American
commerce. Section 1, page
Bones of Cortez, conqueror of Mexico, re
ported found after search extending for
century. Section 1, page 6.
National.
Interstate shipment of liquor to prohibition
states restricted under Federal law after
January l. Section 1, page 1.
Census examination - not , bugbear pictured.
Section 1, page 2. .
Domestic.
New York has "white Christmas. Section
1. page 3.
Zone from Winnipeg to Southern Illinois
storm-swept; coal famine imminent. Sec
tion l, page 1.
George Preston SWeldon, head of Phoenix
Insurance Company, dies, not knowing of
indictments found against him. Section
1. page 2.
Eugene Scales, of Texas, poor two years
ago, now millionaire cotton leader. Sec
tion 1, page 1.
Chance telephone call reunites brothers
separated for 20 years. Section 1, page 1-
Greatest struggle in history exipected be
tween railroads and employes. Section 1,
page l.
James A. Patten, heavily short of corn, with
market against him. continues strenuous
effort to force prices down. Section 1.
page 1.
Marriage of Edward George Meyer to Mrs.
I.otan, ex-hotel clerk, provokes his family.
Section 1, page 2.
Portland real estate man, traveling to wed
ding on delayed train, cheers bride with
many telegrams. Section 1, page 5.
Sportt.
Six out of 14 complete first hristmas swim
in Willamette. Section 4. pagw- 6.
Bleacher patrons want ne big circuit. Sec
tion 4. page a
Hill Military Academy lays plans for 1910
football season. Section 4, page 6.
Multnomah Club soccer team beatM Cricket
ers, three goals to none. Section 4,
-page 7.
Two teams tied for first in indoor baseball
.contests. Section 4, page 7.
Monty Attell due in Portland today. Section
4, page 7.
Ketchel goes home forneeded rest at holi
days. Section 4, page 7.
lnterscholantlc baseball teams picked; prac
tice begins in earnest. Section 2. page 2.
Aberdeen would take over Portland North
western franchise and present it to Ho
quiam. Section 2, page 2. .
Teffries and Gotcti may appear here in
vaudeville. Section 2. page 2.
Pat S needy. . tourist gajnbler, is a victim of
UIs friends. Section 2. page 2 .
Oldfield sets new record for mile. Sec
tion 2, page 2. $
California State League-to meet. soon. Sec
tion 4, page 7.
Fight In National League will prove boon,
says Herrmann. Section 4, page 6
Autoniobile News.
All space taken for big auto show and ap
. pi lean ts turned away. Section 4, page 4.
Fund for Mount Hood road grows continu
ally. Section 4, page 4.
Forty cars already entered for auto races
next June. Section 4. page 4.
Auto dealers of Coast protest . St increase of
freight rates. Section 4, page 5.
Pacific Northwest.
Klamath-people see chance for earlv open
ing of Indian reservation. Section 1.
page 7.
Only hotel In Satsop burns; lessee, severely
burned, has narrow escape. Section 1,
page e. ...
Two strongest National banks in Seattle
consolidate. ' Section 1, page 5.
Spokane Republicans propose mass conven
tion to pick Congressional candidate.
Section 1, page 8-
Unknown man In Butte shoots two at mid
night. Section 1, page 6.
Shipper avoids -accident by his timely wir.
Section 1, page 4.
Beal Estate and Building. r
Hill's purchase of terminal property biggest
cUrttl in week. Section 4, page 8.
More paving planned for Fast Side streets.
Section 4, page 8.
Irvington shows surprising number of new
homes rising. Section 4, page 8.
Demand for sites for homes is feature of
holiday teal estate buying. Section - 4.
page 9.
Tract of 800 acres of wheat land in Morrow
County brings $27,OO0. Section 4, page 9.
Piedmont restricts new homes to those of
better class. Section 4. page 9.
Xarge factories on Peninsula insure big pay
roll. Section 4, pag-e 9.
Building permits for month go far ahead of
December, 190S. Section 4, page 9.
Paving on Hawthorne avenue attracts bet
ter class of homes. Section 4. page 9.
South Portland boosters out with demands
for pav-ing. Section 4, page 9.
C. H. Korretl favors plan for civic center.
Section 4. page 10.
Artistic home of"' Mr. Mildred Powers on
Council -Crest finished.' Section 4. page 10.
Good apartment-houses being built in Nob
Hill district. . Section 4. page 10. . ,
Hotel to be built at Twelfth and Washing-
-ton streets. Section 4. page 10.
Portland and Vicinity.
Oregon Commandery, -Nor 1, Knights Temp
lars, drink Christmas toasts. Section 3,
page 7.
Santa Claus visits everybody in Portland
Section 1, page 9. '
Officer. Peterson in plain clothes, shoots
down man in . saloon - row.' Section i,
page 4.
Italian sinks dagger into bartender In row
. over 5 cents. Section 1, page 4.
Rev. E. A. De Vennis receives no visit from
Christ, as he expected, and flees. Sec
tion 1, page 4-
Actinp: Municipal Judge Langguth to have
woman thief returned to city for trial.
Section 3. page 7.
Brigadier-General Ma us to review militia
Wednesday. - Section 3, page 10.
Canal to connect Flores Lake, Harney
County, and Pacific Ocean. Section 3,
Page 10. ....
Rev. Father Thompson, in sermon at St.
Mary's Cathedral, defends faith in mir
acles. Section 2, page 8.
News -of the drama in Portland. Section
. 4, page 2.
State Game and Forestry Warden Stevenson
in annual report complains of legal in
ability to expend big fund on hand for
hatcheries. Section 2. page 8-
Commercial Club prepares to elect officers.
Section 1, page 8.
Him Chriatmsa Faw.
HAILHtlAD CON
PLICT
SEEMS TO
Labor and Capital May
Clash on Wages.
HIGHER RATES MAY RESULT
Roads Say They Can't Pay
More on Present Earnings.
PEOPLE MAY DECIDE ISSUE
Government Control Is Important
Factor In Problem Roads Would
Welcome Federal Rate-Making
With Guaranty.
WASHINGTON". D. C, Dec. 25. (Spe
cial.) Some members of the Interstate
Commerce Commission and many rail
road officials believe they can see rap
Idly approaching one of the severest
contests between labor and capital in
recent history. This does not necessar
ily mean that railroad men generally
are expecting big strikes In the labor
world. Such strikes, however, are al
ways among the possibilities when
labor and capital clash. It is firmly be
lieved by the railroad men that this
struggle will be begun by the railroad
labor organizations, will rapidly spread
to other lines of work and may even
tually result in a complete readjust
ment of Industrial conditions. .
Higher Wages, Higher Living.
The situation with respect to railroad
labor is unique tn the history of this or
any other country. Never before has
labor enjoyed such high wages. Dur
ing the recent periods of great prosper
ity wages in the railroad field - have
mounted very high. As a result, labor
men have become accustomed to living
on an entirely different plane from for
merly. They are living in better neigh
borhoods, are dressing better, are edu
cating their families, and altogether are
taking a different view of life.
Notwithstanding the fact, - however,
that exceedingly high wages, compara
tively speaking, hava enabled the lar
boring classes in the railroad field to
bette'r threlr conditions, they now find
themselves unable to live on their pres
ent rates of pay. One .of two things,
must result, namely, either the railroad
laborer must return to his old style of
Hying or he must have increased wages.
Railroad managements everywhere rec
ognize this economical fact.
Roads Say Rates Mast Rise.
They say, however,' that they would
be willing to increase wages if they
could' do so. without menace to the
property Intrusted to their care. They
say, with some show of reason, that it
is impossible for railroads to continue
to absorb the increased cost of living on
behalf of their employes and at the
same time stand the Increased cost of
all material and everything which en
ters into the operation and maintenance
of a railroad. The point has been
reached, they insist, where railroads
must receive more for the. transporta
tion services if they are to continue in
creasing wages. Upon thlB platform
the railroads say they must stand
firmly. . -
Ballots May Solve Problem.
What will be-the result of the posi
tion assumed by the railroads? None
can answer this query, but the rail
road and financial worlds are rife with
speculation regarding the outcome. In
the end, it. is geWerally believed, the
people at the ballotbox will have to set
tle the question. '
The problem . Involves even a more
aerio"us one with respect to the remu
neration common carriers are to be
permitted to enjoy. .
There is undoubtedly a determination
on the "part of the railroad labor or
ganizations to fight this battle out now,
and the lines of battle are being well
drawn on both sides. The labor or
ganizations insist that the Increased
(Concluded on Page 3.)
IMPEND
A FEW AFTER-CHRISTMAS SUGGESTIONS
Wk7 Some Ckildns Dost Belle-re. Her Portrait. radn the Mistletoe- j
COTTON PLUNGER
OUTDOES SULLY
SCALES OF TEXAS. OXCE IN
PAWN, NOW MILLIONAIRE.!
Avoiding Pitfalls, "Big Four"
Reported to Have Netted
$15,000,000 a Year.
Is
NEW YORK, Dec. 25. (Special.)
From pawn tickets to millions in less
than two years is the story in brief
of E. G. Scales, of Texas, and the Waldorf-Astoria
Hotel, one of the most
daring and successful operators of
the centruy in the cotton market.
"Dan" Sully, meteoric and spectac
ular as was his career, was not in
Scales' class, and he was lured to his
destruction by that wlll-o-the-wisp
fatal to mar y. "cornering:" the market.
But Scales has steered clear. His
grains are close to the 15.000,000 mark,
if not beyond It.
The greater portion was made this
year. He and his associates, W. P.
Brown, James A. Patten, the Chicago
operator, and Frank Hayne, of New
Orleans, the "Big; Four" of the local
cotton market and comprising: the
most powerful bull clique the country
ever has seen, have made about $15,
000,000 the past year. '
"TRAMP" PAYS OLD SCORE
Timely Aid Seven Years Ago Brings
$500 Gift to Brakeman.
DENVER, Colo., Dec. 25. (Special.)
Seven years ago James L. Harvey,
now a Rio Grande switchman here,
was brakeman' on a freight in Okla
homa and befriended a tramp.
Today Harvey received a letter from
the tramp, Charles McN; niara. now a
rich miner erf Murray, Idaho, enclosing;
a check for $500 as a Christmas grift.
Harvey permitted. McNamara to ride
over his division, gave him clothes, a
meal, a bed and a $2 bill.
McNamara says in his letter that he
had rerolved to kill himself when he
met Harvey. But the help he got gave
him courage to renew his battle with
the world and he is now prosperous.
He tells "Harvey to "give the high
sign" when he wants anything.
RUNAWAY TRAIN SMASHES
Plunges Through Two Brick AValU
and Piles tJp In Depot.
ST. PAUL, Dec. 25. A runaway
Great Northern freight train, going
down grade fully 60 miles an hour,
crashed through a maze of switches
until it crashed into the Union Depot.
The engine smashed through two brick
walls into the baggage room and now
lies a mass of wreckage in the base
menu while 12 or 15 freight cars were
crushed into kindling wood and others
are piled in a heap that reaches to the
train shed roof.
No fatalities resulted, aa the train
crew jumped when it was discovered
Engineer Morrisey had lost control.
According to the Great Northern of
flclals, someone maliciously turned off
the angle cock between the engine and
tender which controls the air.
JUMP TO SAVE IS FATAL
Woman Falls Off Platform, Train
Kills Her and Hero.
CAMDEN. N. J.. Dec. 26. White
Christmas brought death'and sorrow to
two families at Malaga, near Vlneland,
N: J., this afternoon. Mrs. Mary Price
was killed by a train. William Hage
man, who made an attempt to save her,
received injuries from which he died.
Mrs. Price was standing on the snow
covered station - platform at Malaga
"when she slipped and fell on the tracks.
Just aa the train was pulling in. With
out hesitation Kageman Jumped to
rescue her but before he could drag her
from danger both were struck by the
locomotive. 1
DYING WOMAN REFUSES AID
Fatally Burned, She Insists First on
Seeing Children Are Safe.
LOS ANGEllES, Dec 25. Mrs. Polly
Bolotin, who suffered frightful Liirna
last night when she used kerosene to
encourage the fire under the family's
Christmas turkey, died early today.
' Despite her fatal burns, Mrs. Bolotin
refused to accept medical aid until as
sured by sight that her five children
were safe."
...........?.......... . . . t
PATTEN FIGHTING"
FOR CHEAPER GOBI.
Paper Losses Already
Jn Millions.
FARMERS GETTING HIS COIN
Demands on May Option
Promise Embarrassment.
MUST CONTINUE TO BUY
Sales for Spring Delivery Estimated
at From 10,000,000 to 20,000,-
00 0 Bushels Squeezed Cot-
ton Men Seek Revenge.
CHICAGO. Dec. 25. (Special.) With
the dawning of Christmas day James A.
Patten, whose recent "corners" in cot
ton and wheat have made him a domi
nant figure in the Bourses of the world,
is entering upon the most desperate
speculative battle of his career. Sur- .
rounded on all sides by enemies and
facing a rising market, he ls fighting
fiercely to keep down the price of com.
In spite of . Ills most strenuous efforts, "
the cost of that commodity has risen ;
from 10 to 12 cents above the price at
which he sold it. 1 fe is known to be be
tween 10,000,0uo and 24000,000 bushels of
corn "short."
Unless" there is a 'radical change In
market conditions in the near future,
his enemies . say, the one-time "wheat
king"" by May 1 next will be metaphor
ized into the "corn goat." to the tune of
$2,000,000 or more.
Treses Huge "on Paper.
Already Mr. Patten has suffered huge
"paper" losses. All Indications point to
these losses becoming greater instead of
less. During the last month he has been "
playing Santa Claus to largo sets of
farmers throughout the West and South
west. The farmers saw the Christmas
money possibilities of the corn market
about the same time that Mr. Fatten did,
but from a different angle.
That was last August. Mr. Patten sold
corn and the farmers bought. Ever since
then the price of corn has been going up.
With the beginning of the Christmas
season the farmers began to close out
their line at profits of from ' to 10 cents
a bushel, and Mr. Patten, with his
brother George, who is interested with
him in the deal, have contributed the
money . which has lent a more than
wonted air of Yuletlda cheer to thousands
of rural hearthsides.
Effect on Market Lost.
The farmers closing out sales are, how
ever, only a preliminary to what the bulls
In the corn market confidently expect ls
to come. In the December campaign to
keep corn down Mr. Patten and his
brother have sold with a laviBli hand.
They are still selling. Matleis have
come to a point where their swing has
no effect on the market.
Meanwhile a group of corn "bulla,"
composed to a large extent of cotton
men whom Mr. Patten squeezed se
verely in bis recent incursion into the
Southern cotton market, have or
organized to keep the price of corn
up and have Joined with the farmers
in their i effort to make things un
pleasant lor Mr. Patten. They assert
that, compared with the price of pork
and other provisions, corn ls worth
.from 90 cents to II a bushel. They
are buying corn on that theory. Mr.
Patten is trying to sell as fast as
they buy.
Exact figures as to how much com
Mr. Patten la "short" are, of course,
not available. That ls a secret closely
guarded in Mr. Patten's private office,
and he has no Intention of divulging
it. Conservative estimates place hi
sales for May delivery alone from 10,
000,000 to 12,000,000 bushels. The corn
"bulls" talk in figures of from 16,000,
000 to 20,000,000 and even higher.
For delivery on or before December
(Concluded, on Pace 8-)
... ;
4