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About The morning Astorian. (Astoria, Or.) 1899-1930 | View Entire Issue (Aug. 4, 1904)
ASTORIA, OREGON, THURSDAY, AUGUST 4, 1901 PAGE THREE. -4 SPLENDID CROP SITUATION PROTECTS STOCIl MARKETS (By Henry Clews.) New York, July 80.-A reactionary ton prevailed In the stock market Curing tht greater ' portion of tht weeltthe result of profit taking and selling by traders on the short side. As a consequence, the extremely optl rnlstlc views held In eome quarters be. tame somewhat modined and market opinion was more evenly divided, There Is, however, ft aubetratum of confi dence baaed upon the splendid crop situation that holds the market Jrn- pervious to all serious attacks from speculative sources. Another week or excellent growing weather has been experienced, Increasing Jhe promise for cotton, corn, wheat, oats, hay, po tatoes Yid other crops, and diminish ing the chances of Injury, Only one more month remains In which damage can be done, Drouth I now the single serious possibility; and It must be admitted there Is little danger In that respect because the soil has been so well saturated by general rains and the plants hvs made such strong growth that they re In ft good con dition to stand ft lack of moisture, should that happen. Absence of rain In August, the ripening month, Is much Jess serious than In the previous grow- Ing months. As for frost, the danger from that source Is l" than usual, since most of the crops, especially cot ton, are early. Complaints of chinch jlmg and other Injuries are unusually rare; while the rapacious boll weevil, which caused such ft loss of cotton last year, and which may be counted on for struggle in the cotton Industry. Be tween 40 and' SO per cent of th spindles in the United States are Idle because of the unprofitable condition of cot ton manufacturing, Buyers will not take cotton goods freely at present prices; manufacturers, therefore, can not ftford present prices for cotton, especially when northern mills, em barrassed by legislative and labor re strictions, sre unable to successfully compete with the south. Unquestion ably the cotton Industry is passing through a. serious crisis, the solution of which seems to demand reasonable concessions on the part of labor, con cessions which at present they seem in no mood to consider. Still another unfortunate circumstance Is the pack ers strike In Chicago, where- force and not reason holds sway. This abso lutely unreasonable, unjust and defiant attitude of labor is one of the most unsettling features of the limes; but, fortunately, public opinion Is awaken ing to the real merits of the struggle between capital and labor, to the rights and wrongs of both, and this perhaps Is the one bright feature In this quar ter, Inasmuch as that Is the only prom ise of a sutisfactory solution. The probability of gold exports has excited some concern. Sterling ex change seems to have advanced partly on account of operatlona connected with tht Japanese and Cuban twins and partly owing to short sales. No anx iety Is neressary over gold exports, We have a big and Increasing stork of gold In the country which might easily find beter employment in Europe, than some damage this year, is exciting! here. A few millions can be spared much less concern than a year-ago. without harm, although a number of In short, It Is many years since the!n.rvous Individuals always drop Into crop outlook was so favorable, andhlver at the mention of gold ship- white after such ft long period of In-j menu. The only unsatisfactory feature terrtipted progress some setback may; in the monetary situation is the con be expected, still the assurances of ;tlnued high level at which loans stand today are us much In favor of both and the large amount at trust fund liberal and profitable clops to the;held by the bank on deposit, result farmers as could be expected. Ing from the latter paying 2 per cent This Is the key to the situation, and, and over on trust company deposits. s this fact becomes more evident the During the past year the trust conv confidence which It begets must , be come more pronounced. The farmer, pnnles havt Increased their cash In banks over H millions. A firmer Modesty and ft decided antipathy to ward notoriety la prominent In every movement of this young Napoleon of the betting ling, He has accumulated this vast sum without red fire or brass band accompaniment. He has gone obout his transactions In his characteristic quiet way and has prob ably escaped the public gaze that Is sure to come to plungers by betting In the name of Billy Connor, In whose beek he Is employed. Long shots are Nagle's specialty and hardly ft winner this season at better than 10 to 1 has escaped his attention. It was at Saratoga two summers ago and, by the way, the same meeting at which Whltey Langdon gathered his roll that Pierre, by several suc cessful plays on long-priced horses, launched lalrly Into the racing game as an owner. He oougni me jumper Manllian and that once good horse, Bluff. Manllian raced with consider able success, but Nagle could never get the McC'arren castoff to race to his reputation. He recently disposed of Manllian and has since confined his attention to the ring. The foundation for Nagle's hand some fortune can be traced back to the day that John E. Madden's Lallte won at Washington, After a see-saw winter, part of which was spent at New Orleans, and the latter half at Los Angeles, Nagle pulled up In Washing ton with about $8000. This rather re spec-table bunch faded gradually away till the day of Lallte's race, when It was stripped down to the lt $100. Had Lullte finished worse than second Nagle's only negotiable asset left was a railroad ticket Into Washington. As It was, Madden's filly was kind to him to the extent of $600. Since that day fortune has bestowed her sweetest smile on him. the drain from the layers' strong boxes to his bank be Ing almost continual. the merchant, the railroad manager. , money market resulting from Increased the manufacturer and the banker each) crop and trade demands, or gold ex- In turn Is Influenced by such consid erations. Their first effect Is a more hopeful sentiment. This sentiment soon expresses Itself In action; then deferred enterprises are taken up. or- der art . placed and. the, whole muchln. try of commerce and Industry Is set In motion. At the same time there Is absolutely nothing In the situation to warrant extravagant hopes. We can boast of nothing more than ft reason able recovery from recent depression, based chiefly on good crops. Pessimism has had Its day, and the business pub lic needs to get Itself Into a more hope ful and better balanced atate of mind than that In which it began 1904. Drawbacks we have In plenty. The Iron trade Is still inactive, compared with normal times; orders are scarce, and the last semi-annual report of the United States Steel Corporation Is any thing but satisfactory. But those facts belong to the past; many deferred or ders are now being placed, and there Is every reason to believe that the last quarter of the year will be a better one than Its predecessor. Another unpleasant feature Is the ports, might result In a sharp drain upon the banks and cause more or less temporary disturbance In the money and stock markets. This is not an Immediate contingency, but one that will bear..watchtoSE. ,.,,,.. '.,4;.. ; As to the future of U stock mar ket, It seems, hardly likely that the bulls will readily relinquish their hold I so long as crop prospects continue so brilliant. Strong leaders were at the bottom of the recent rise, and do not seem to have entirely withdrawn their support, especially as stocks are not sufficiently scattered to weaken the technical situation. All indications point, however, to ft fluctuating mar ket. The labor and foreign situations are disturbing, but Russia aeems both Indisposed and unable to precipitate serious International complications; that Is, If her complete backdown be fore Great Britain la any criterion. The possibilities of war are proverbial ly uncertain, and the assassination of M, de Plehve Is significant as repre senting Russia's Internal difficulties, which must lessen Russian foreign war Inclinations. SEEN FROM A BALLOON. Hew tht World's Fsir Pslsees Look From a Greet Height. St. Louis. Seeing the world's fair at 8t. Louis from a balloon Is an In teresting experience. From 1000 feet up In the air ft birdseye view is ob tained that enables one to see the ex position at a glance. Ascending a cantlve balloon Inside the great aerial enclosure at the fair, one reaches the height of 1000 feet al most before realising It, so rapid and smooth Is the ascent. Far below is ft city of magnificent palaces and build ings of every description, and masses of people looking like but tiny mites passing to and fro. Tht landscape is beautiful beyond description, the hills and dales showing to best advantage from overhead, and the green swards, flower-covered hillsides and massive trees constitute a scene both grand and picturesque. From up In ft balloon the flags of all nations, waving from towers and spires, seem but little gaudy rags float ing In the breexe. and the towers them selves look like mere playhouses. The curious Pike shows, filling ( street a mile long, present an interesting view, while the lagoons with ther launches and gondolas have the appearance of a splendid painting, the green banks end magnificent exhibition palaces along the lagoon providing a suitable frame for the picture. The beautiful view extends beyond the world's fair grounds. The city of St -Louis and surrounding country opens ft charming view, extending for miles in all directions, forming inter esting lines for the marvelous picture of the magic city the world's fair. JUMPS AT LONG. SHOT8. Story of Stable Boy Who Hss Won 1250.000 This Season. In Is area of plunging It Is re freshing to come across a character who must be Included In the category of big betters, but who has done his work on tht race track sx quietly and modestly as to almost escape notice. What Is more of Interest Is the fact that although ft big winner on the season so far, this self -same plunger retains a modest position with ft small racing stable, galloping horses In the morning with the same enthusiasm that he displayed when the work meant only a monthly wage to him. . Pierre Nagle Is the name that the stable boy subscribes to his bills and bank checks; and those close to him say that that name will be honored to the extent of a quarter of ft million dollars. While the turf writers have strained Imagination and overworked figures in a mad rush to chronicle the doings of Teager, Langdon and Whee lock, and other big operators of the betting arena, Nagle, probably the heaviest winner of the racing season, has been overlooked. His winning of the season have been approximately placed by those who know at $300,000. Nagle rejects this figure as excessive, but those who know him best insist that the real amount of his winnings will not fall short of ft quarter of a million. Madame for August contains a clever satirical poem by C. A- Dolson, entitled "When Grace Goes to ft Mission Tea," which Is handsomely Illustrated by George jlrelim, the rising young artist, The verses represent the woes of the tnan whose wife Is so much deVoted to her mission tea that she leaves a picked up lunch at home for him. It is only one of the many good things to be found In the current Issue of Madame, WERE SAVED FROM NORGE Two Survivors of Ill-Fated Steam- ship Arrive at Portland, There to Reside. TELL STORY OF THE DISASTER Captain Jumped Into the Sea Immediate!?, Preferring Death to Scenes to Follow. The Italian. The Italian la gradually becoming Independent of the padrone. He atso beginning to learn the splendid possibilities for Independent effort in agricultural pursuits. ' That there is a. great field for htm is shown by his success wherever he has been led In the right direction. To make the Ital ian uniformly successful It Is only ne cessary to lead him out Into the coun try, away from the vitiated atmosphere of the tenement and stum. No place Is better fitted for him than our southern states, and no Immigrant is better fit ted for playing a part In the develop ment of those states than the Italian. He requires the pure air of the country and the geniality of the southern win ter and by his skill and industry In Intensive farming he can make the aandy soil of the pine land productive or reclaim the swamps and lowlands. which have lain fallow for years. He can give the southern planter his re liable thrifty labor to replace the er ratic improvident negro, and can in troduce and carry to perfection the vine growing and wine making, which have made southern California famous. These are some of the possibilities of the Italian immigrant, if , properly di rected, but his mode of life In the great cities, where the vast majority of Ital ians lives, presents quite a different picture. Hers we find the "Italian quarter," which la responsible for most of the prejudice against the Italian Im migrant. In these colonies we see the Italian at hla worst, physically and morally, but, as has been pointed out, he crowds the Italian quarter because there Is no alternative for him, in his ignorance of our language and cus toms. Instead of being led into the country, where the labor Is needed, he Is Induced to stay, in the "quarter" by his more fortunate countryman, pa drone or banker, who expects to in crease his profit thereby. Dr. Allan McLaughlin In The Popular Science Monthly. ;; ; Suicide Prevented. Tht startling announcement that a preventive of suicide had been discov ered will Interest many. A run-down system, or despondency Invariably pre cedes suicide and something has been found that will prevent that condition which makes suicide likely. At the first thought of self-destruction take Electrlo Bitters. It being a great tonic and nervine will strengthen the nerves and build up the system. It's also a great Stomach, Liver and Kidney reg ulator. Only BOc. Satisfaction guar anteed by Chas. Rogers, druggist. Portland Journal: There arrived In Portland yesterday Sam and Joe Roch- Ian, Russians, who were passengers on the Danish steamship Norge, that went down off the coast of Scotland. June 28, and caused the death of 700 pas sengers. Tne two young Kusmans are among the 100 survivors who escaped the disaster. They lived in Chernigov, Russia, Their story of the wrecking of the ship differs widely from that published In the newspapers at the time of the accident. Rochlan declares that the captain was the first to leave the ship when she struck the rock, and dellb erately cast himself Into the sea with the Intention of drowning rather than witness the catastrophe that he knew must follow. As soon as the crash was heard, Rochlan says, the captain rush ed on deck with the ship's compass and hurled himself Into the sea. Saves Two Lives. Sam Rochlan saved two persons who would have perished but for his as sistance, and his act almost cost his life. He leaped from the deck for a lifeboat that was crowded and had started away from the vessel. He missed the boat and fell Into the wa ter. In falling, however, he seized a line that was fastened to the boat and attempted to draw himself In. When he neared the side of the boat Its occupants beat him off with oars and pushed him back Into the water, He continued his efforts In desperatlor and, threatening to overturn the boat by his frantic acts, at last succeeded In gaining ft place In the boat. "They beat me almost Into lnsensl blllty." he said, "but I had hold of the line and wouldn't have let go If they had broken my arms with the oars. There was a dance on board the ship on the night before she ran on the rock. There was revelry until late In the morning, and many had not re tired at 7 o'clock when the crash was heard. Rochlan had not removed his clothing, but all his other possessions were lost. Joe Rochlan, who is IS years of age, climbed up the mast as he saw the ship was going down. He refused to descend and his elder brother was compelled to climb after him and pull him down. He threw the younger man overboard Into a boat, and threw after him another passenger, who had be come wild with fear. ' Seven Days Adrift. The lifeboat drifted at sea for seven days. On the eighth day It was picked up by a German ship bound for Phil adelphia. The occupants had no food whatever, and many were exhausted when rescued. Two children died be fore the boat was found, one of starva tion and another of Injuries It had re ceived from sailors who had attempted Rochlan says, to throw It off the boat. "But for the Intercession of an un-der-captaln," said Rochlan, "the sail ors would have thrown us all overboard n trying to save themselves. They were frightened and feared that the great number on board might cause the overturning of the boat and their own drowning." ' On the eighth day of their drifting at the will of the wind and the waves they sighted a ship. They made a flag of a small red handkerchief, which they raised on the end of an oar as a signal ot distress. They were taken aboard and fed and clothed. Rochlan Is a boilermaker, and both he and his brother will reside In this city. They are now at the home of B. Pollay. 832 Jackson street, to whom they are related. Mr. Pollay la In the employ of Stelnbach & Co. The Norge left Copenhagen, bound for NVw York, and struck the Isle of Rockal. 290 miles off the coast of Scot land. Over 700 lives were lost. county In which he lives, In his own paper, then Induce subscribers of the paper to mall copies of the publication to friends In other states. The prime Idea In this plan Is to ex ploit Oregon as a whole, and the scheme will work to great advantage In connection with the move to be undertaken by the Oregon Develop ment League, which is to be organised next month In Portland. It Is as sumed that the Lewis and Clark fair will attract a large number of people to Portland next year, and it Is de sired to Induce thes visitors to scatter over the whole state, thus assisting in having them locate in all parts of the commonwealth. "Permit me In this connection," says Mr. Reed, "to suggest that your coun ty take measures to get its share of the 105 travel." He sets forth that all visitors will be anxious to know all about the resources of the state, re garding which the east at this time knows comparatively nothing. As ft means of doing this, Secretary Reed In his letter suggests tht follow ing method: As a preliminary move, I would re spectfully suggest that you give your careful consideration to the Idea of ft liberal write-up of your county by yourself In your own newspaper. Then encourage your home people to mall marked copies of your paper to their relatives and friends In the east, not forgetting the publisher of the news paper at the old home In the east For best results a letter or postal card, calling attention to the article on your county, should be mailed simultan eously with the newspaper. What will follow In the way of publicity and In terest for your community will exceed all expectations. The possibilities along this line of exploitation may be Judged from the fact that fully 80 per cent of the inquiries receved by the exposition management from the east are for Information about Oregon.' Notics to Contractors. Bids will be received at the office of the Clerk of School District No. t 179 Eleventh street, until Friday, Au gust 6, 1904, at 2 p. ra. for the finish ing of two rooms and the hall and con structlng of stairway In the Taylor school building In accordance with plans and specifications that may be seen at the office of the undersigned. By order of the Board. E. Z. FERGUSON, Clerk. REFUSES TO STATE NAME Von Plehve's Assassin Continues to Maintain His Sphinx Like Attitude. HAD ANOTHER ACCOMPLICE Third Man Took Position on Qua; to Kill Minister If II Had Taken Boat tor Feterhof. St Petersburg, Aug. 8. The assas sin of Minister of the Interior von Plehve is said to have made a partial confession in which he declares that at one time he was ft school teacher In a rural district and was greatly In terested In the Zemstvo, for the cur tailment of whose powers he blamed the dead minister. He still absolutely refuses to disclose his name. A watch Is kept on him day and night, not only In order to prevent him doing hlmseff bodily harm, but In the belief that he may betray himself In his sleep. Thus far, however, he has only muttered two words In sleep endearing dimin utives for Peter and Natalie, probably the names of a comrade and sweet heart The police have discovered that a third accomplice was concerned In the murder plot and that he was stationed on a quay In the Veva, where one of the imperial yachts was moored on the chance that the minister might go to Peterhof that day by boat INVESTING ITS SURPLUS FUND. Panama Republic Putting Out Money Paid by United States. TO ADVERTISE THE STATE. Secretary Reed Suggests Plsn to the Newspspers of Oregon. Secretary Henry E. Reed of the Lewis and Clark fair has mailed to the various newspapers throughout Ore gon a letter in which is set forth the idea of a plan for extensive and unique exploitation of the state by counties. The plan la to have the editor of each paper publish a liberal write-up of the The beer that made Milwaukee fam tjs Schlits Is always on draught at Tht Grotto, Otto Mlkkelaon. proprietor. New York, Aug. J. The republic of Panama has made another big loan n real estate in this city. A loan of $900,000 at 4V4 per cent was made by the representatives of the republic on a large Broadway building. This sum is part of the $10,000,000 which the Panama republic received from the United States for the Isthmian canal concession and its representatives have already loaned out on mortgage nearly $1,600,000 on real estate in this city. -The republic's representative have on hand $4,500,000 to Invest in mortgages and as soon as this sum Is disposed of they will procure the balance of the concession money to dispose of In the same manner. 11 1 11 "IS, f ,1 h 1 Cancei'otis Ulceus ROOTED III THE BLOOD. After the age of 45 or 50, when the vital powers are naturally weaker, it is noticed that a hurt of any kind heals slowly, and often a very insignificant scratch or bruise becomes a bad nicer or sore. At this time of life warty growths, moles and pimples that have been on the body almost from birth begin to inflame and fester, and before very long are large eating, sloshing ulcers. Whenever a sore or ulcer is Dear slr,.T h9 BOt words ,t , fc H Slow in healing then you may pralie yoar greet laedielne. I had a aoreoa si be sure something is radical- fe ly wrong With your blood, never heal. The doctors pronounced tt Ceaeer. Some old taint or poison that AteI Ukl3 8: 8- S-fwhlle the aore bcn to dia- , . , , ., , coarse, and when all the poisonous matter has been slumbering there for paa.edoutit healed. X took la all ebomt thirty years is beginning to assert bottle., t.kins it for iom time after It hadea f ,.6 . t , , tireW healed. This wa about tea years a-, as Itself, and breaks out and be- 1 hae seen nosin of tteinoe. Comes a bad ulcer and per- Gant, Audrain County, Mo. JOS3EPHUS BIEQ. haps the beginning of Cancer. These old sores are rooted in the blood, an! while washes, soaps, salves, etc., keep tne surtacej clean, they are not healing. A blood medicine to purify and strengthen the polluted blood, and a tonic to build up the general system is what is needed, and c o r : .. t - 1 : . o. O. O. la juai ucu a iciucuy. xo yuisun la sopow- erful and no germ so deadly that this great vegetable blood remedy cannot reach it, and ulcers of every kind quickly yield to its wonderful curative, properties. Medical advice or any information you may desire will be givem by our physician without charge. Tt!E SWIFT SPECIFIC CO., ATLANTA, GMm ; CIGARS 1 1 1 ' In all Brands and Sizes. We have them in stocK. The Trade sup- lied at absoi utely bottom prices. TOBACCO "We have added a pipe repairing . department Best work in this line. GOODS EXCEL, PRICES RIGHT WILL MADISON 530 COMMERCIAL ST. 114 ELEVENTH ST. Weinhards Loner Beer.