The San Francisco Call. Newspaper, March 8, 1903, Page 25

TINY RULER NAMES HER ATTENDANTS Santa Rosa’s Carmva Gives Promise of Rare Fun. —_— —The agles’ fair ar > open colors of th is ready it wil SPLENDID MUSIC WILL MARK THE DEDICATION New Organ at Firs: al Church Will Be ed To-Day. ar- | by e rnoon es in dedi- BEARS MAKE RoaULT ON ~ THE STOCKS 1 ?Wa.ll Street Conditions '| Demoralized and —_— | ‘ Threatening. i | | i Surplus Reserve of Clearing| House Banks Is Ex- hausted. i T Speculators Rush to Cover and Prices Break Violently to the Lowest of the Week. NEW YORK h 7.—The stock mar- o a condition of de- day the disclosure s reserve of the clearing- was practically wiped out. ent deposits this ftem apared with $3,958,425 at ast year, and $iC two The severe loss in cash re- as much above the pre- last week's loss thus disclosing the rectifi- aging system of com- f last week’s discrepar 000,00 loan contraction the expectations that the stock 1 of the week and the I of to foreign money markets would tricted in that item, but the loan tion must have been near $40,000 900 to keep pace with the rate of depletion | of cash | No reader of the bank statement could left bt that further calling of loans would have to be resorted to by the and operators threw directions to prepare Some futile efforts k the decline by sup- but these proved too fiim- for the p »se, and prices broke vio- lently to the lowest of the week. BEARS ON A RAMPAGE. Prices were crumbling dangerously when markost closed at about the low- was thro: by p banks Governn time years ago. serves was abou station, 3 The $I fulfilled market shifting reserves. ext week, in all cy over stocks for this emerge were made to ¢ porting orders, sy n st and ¢ very active dealings. Fierce aiding tactics by the bears were a factor in the siump. The speculative contest in Union Pacific was made evident by the extreme break of 3% in that stock. Losses in St. Paul, Canadian Pacific, Manhattan, New York Central and Louts and San Francisco ran from 3 to 3%. The bank statement appeared to be the le factor in the market and before its vearance the trading was languid and close of the market. The mor situation has forced con- siderable idation in stock market week d prices have made wide - es. The knowledge of nbarrassment of a v\} Pt vrcoance BUE Bivin tb'a swarmn of alarmist rutnors which got into ci tion on Thursday and resulted in weakness in the stock market thro the day. Wall street has rested strongly on the conviction that its money troubles were peculiar to itself and that e commercial position in the country as whole is indisputably d. The sug- gestion carried in Thursday’s rumors that antile establishment credits possibly and likely to have matters had a not- quieting effect. It became ev also that a powerful and well or- ganized bear party had undertaken a campaign against values. CONFIDENCE IS SHAKEN., which has 1 t been evident for a long time, even through periods when efforts were un- availing to advance prices, has been tributed in no small degree to the bel e g e First Con- | that the aggressive and succeessful be greg F will be held Bunday | 1eaders of past movements have . S - At I Snecaleg committed to the r\ruxm'uuvn of Brown the | elther by a large interest in_stoc! S he Mintetry g | DY, COBtracts or engagements with sy s cates for the market guardianship of cer- .. ¢ a speclal dedica- | t5in gecurities. The indications of large = ORS . eelling orders served to shake this con- Pt oo i © organist, will ren- | fidence and awaken the fear that the voices unde r Stewart will sin, Edwin H r solo an * sopran GRAPE-NUTS. ASKING QUESTIONS. | A .Inquiry Changed a Man’s Whole | Life. | get a man to recognize that | d feelin ‘his ba b Svsuings omn Shans G ’MJro-ds thus far reported for February and tha g get well by using scien- reached to nearly 17 per cent. tific food the tle 1s half won. One of | This showing failed to reassure holders New York's b ess men | of stocks. The wholesale expenditures | “I was trou d for a long time with | contemplated for increased facilities and tndigesti eadache and stomach trou- | betterments and the enormous capital is- bl and had taken various medicines, but | SUes projected to provide means are given el o szt e a gloomy reception in the financial world. th no good results. I concluded to see | mp, promise of an increase of earnings | how a change of food would affect me. 1| gufficient to pay charges on these issues | never cared particularly for cereals of |is not effective in relieving the fears any kind, b meat and pastry con- | caused by the rapid absorption of avail- | tinudlly and drank coffee. able capital, the glut of new securities “] found on inquiring that Grape-Nuts and the slow market for them, and the | were highly spoken of, and decided to dread of money stringency during the give them a trial. To say I was surprised at the result would not begin to do jus- tice to my feelings. My headach left me; ay brain became clearer and active; my attacks of indigestion grew fewer and fewer until they ceased entirely, and where 1 once went home tired, fagged out | and indisposed to any exertion whatever | I n'fl found a different state of affairs. “My color was good, my muscles strong | fully equal to anything I| instead of soft and flabby. es from my business and ck and forth, if the weath- I am 5 years old and feel | strong as when I was 30, | and #nd can ride seventy miles a day on a bicycle without feeling any bad resuits.” Name given by Postum Co., Battle Creek, Mich as well Le- God Almighty” | The judjeial injunction issued market would have to face a skiliful and hostile campaign directed toward forcing prices to a lower level The declining reserves of the banks and the loan contractions which resulted were the determining factors in the situa- | tion. But up to this week this factor | has not been largely effective In shaking the confidence of a large speculative par- ty in a spring advance In prices. Selling has been grudgingly done and only when forced by restriction of credit facilities. Sentiment this week has changed and has become bearish, as shown by the ready r L] d o opments and the entire lack of considera- given to anything of a kind promis- ing well for values. Great disappointment was caused by the showing of net earnings by such railroads as reported during the week for January. The December showing had been better | ®| than that for November, and the fact | that many advances in freight rates be- | | came effective in January led to the hope | that the inroads upon net earnings due | to increased operating expenses would be " | corrected during January. The January returns show that increased gross earn- ings of raflroads are generally almost | wiped out by added expenses. SLUMP IN NET EARNINGS. Union Pacific showed a decrease of over 20 per cent in net earnings in January and for St. Paul the gross, as well as the net, earnings fell off. The gross earnings for February, on the contrary, showed some | handsome gains. New York Central gained more than 2 per cent gross. The average rate of increase of all rail- attention given to all unfavorable devei- | JOE BOSENBEBG’B | | JOE ROSENBERG’S. | JOE ROSENBERG'S. | They Have Arrived, and We Are Fleased to Announce It. RUBEN’S NFANTS' SHIRTS, made soft India yarn, , soft as velvet; to tear off; asten around the t by a new patent; the finished on the 20 as not to hurt nrh*](l the tenderest skin; high neck and long sleeves. Steam shrunk Every mother should ne fail to come in and inspect them. to show them if .you don't o trouble ;. A royal good vest for your little a very little price 35¢ O'Farrell-street Entrance. b one for Sale Lad/es I(n/t Underwear. n’ a SPE- and price..85¢ S, made of Swiss ribbed, tight__fitting $175 qual- -90¢ Ladies’ Eiderdown Jackets. We do not carry goods from one season to another, hence the reduction. Some. are striped elderdown, others ripple cloth—some cro- es, others appliqued your size ur oppor- to buy a $12 and $1 50 acket for -...8Be Sale O'Farrell-street Entrance. TIGH Monday ... TurkisH PERSIAN of 55¢% l:ord and Tassels 3 Silk finish, in Persian and Turkish color- ings; regular 400 Qunlfly. 27c 35¢ Instead of 50c. LADIES' HOSE—Made in the newest open work, lace pattern, full finish, the imported kind, fast black. Joe Rosen- berg’s, the Money Saving Store, arih; - . id _Not the Lowest Price, Not the poorest made, but the king of all in fit and finish. BV ERLASTING CHIL- DREN'S HOSE, made of iron- clad English thread, fast black, bicycle ribbed, double heels, toes and knees, full length; the stockings made’ under our supervision; try a pair and you will be convinced there are none better; all sizes at one price...25¢ Hippity Hop To Joe Rosenberg’s Lace Counter | Will Go. 800 yards of NOR- MANDY and POINT DE PARIS LACE, in scroll flowers and bow-knot pat- terns, the good washing kind, 6 inches wide....10¢ Torchon Lace In new patterns, looks like the real, but not'in price, 1 to 4 inches wid rice - -7c¢ and S5e Store News. LADIES’ WOOL WAISTS—if we have your size or color you get them for half price now. --b0e, 75¢, $1.00 LADIES' VESTS—New lace eftect, silk finish, low neck, no sleeves; in pink, biue and cream. Now -25¢ a TAPESTRY CUSHION COVERS 7cts. now instead Kindnow . . . . . nd Good Morning. AT LAST WE HAVE RECEIVED THEM, THE STAR MANUFAC- TURING CO. OF BOS- TON SHOW_ ROOM SAMPLES OF LADIES’ USLIN UNDE R~ \\ EAR. THEY COM- RISECHEMISE, uO\\'hS SKIRTS, COR- SET COVERS, DRAW- ERS AND SKIRT CHE- MISE. THEY ARH MADE OF THE BEST CAMBRIC AND NAIN- SOOK, LACE AND EM- BROIDERY TRIM\IED. THEY GAVE % OFF THE COST A\'D OUR PATRONS ‘WILL GET THE BENEFIT OF IT. Ladies’ Corset Covers.. Se Ladles’ Corset Covers, lace trimmed. . A7 Tadies' Corset Covers, made of cam bric and lace trimmed 2 Lad!es Gowns, tucked and iace lr.xss(; Lad!es Long Petticoats, embroidery trimmed . -39¢ Ladles’ Long Petticoats, ‘Insertion and lace trimmed .............. a Drn]:vers finished with embrai- “'Tadies’ trimmed . Our Handkerchief Department Has Made Our Store Famous for Values Given. Here are some from the old country, where the best ones are made (Ireland). LADIES' HANDKERCHIEFS, made of soft bleached Belfast linen, narrow hemstitched, with a small hand embroi- dered initial 10¢e Gents' Handkerchiefs. Made of heavy Belfast linen, hem- stitched hem; your laundries cannot pull these handkerchiefs apart and we are gelling them at a very low price. Chemise, Tace and 1nseruon 45 c CHEAPER Than You Can Have Them Laundered. LADIES' HANDKERCHIEFS, made of good fine lawn, hemstitched, 12 for 35c, or 3¢ aplece. JOE ROSENBER MAIL ORDERS SOLICITED. OM THE LITTLE STORE ITH THE LITTLE PRICES. Some of our patrons call our adverlisements truth- lellers. Come and see if you won'’t call them the same. A lucky purchase cnables vs [o sell Real Tapestry Cushion Covers, in India, Persian and Turkish designs, at HALF PRICE. The Latest in Embroideries For Making Corset Covers. Very stmple and easy to make, 14 inches wide, open work pattern, but- ton hole edge;’ made on English lawn. This week's price.. e More Store News. LADIES' COMBINATION POCKET- BOOK AND PURSE made of good leather. The 40c and 50¢ kind sll‘hllv BCTRLoNed, NOW <v.c.eireesererreres 12¢ LADIES' COLLARS AND REV —Made of point de Gene lace, new pat- terns, at.... 50¢. 73¢. $1.00 Velvet Ribbons AT MONEY SAV- ING PRICES. Full pap, . satin back, fast black French make— Width No. 1, 10 yards for. 0 Width No. 1%, 10 yards for. ‘Width No. 2,10 yards for. 50¢ Ribbons 'OR NECK WEAR OR DRESS TRIM- INGS—Made of all silk satin liberty, French dye, washable, ’.‘CIOSh luster, 3% inches wide, width No. 40; pink, blue, lemon, green, cream, white and black. Now . . 15¢ Ribbon Bows Tied Free by Experts. HERE IT IS IN BLACK AND WHITE RIBBON, 3% inches wide, in black and white stripe, washable kind. Now......... POPRINI | Extral Extra! Drummer's Sample Line of Towels. The Russian face or bath towels. We do not carry tow- els as a rule, but thgy wers offered to us so temptingly low we could not resist buying < them; only a limited quantity, only two alike, 80 if you need them be prompt. regular kind The 10-aent now ... The regular 13if-cent kind now. The regular 20-cent kind now. 12¢ The regular 2%-cent kind now 15¢ Sale O'Farrell-street Entrance. 816 MARKET STREET, Running through to 11 O’Farrell, Phelan Building. Regular 55¢ 27 c Perfect Fitting Corsets Make Perfect Fitting Dresses. That Is What You Will Get at Jos Rosenberg's. NEMO. NU RAY CORSET, made of imported bat- iste, girdle top, extra long below the waist, full gored hip, top and bottom _ satin bound and lace trimmed, with hose sup- porter attachment, military straight front steels, bones are set in with ex- tra strong twilled tape so they eannot cut through the material; it is one of the new shapes; so as to introduce it we have marked it....... -..81.00 You have your shoes fitted, You have your gloves fitted. Why not have your corset fitted lD &et the carset that you should wear? We make & speclalty of fitting the hard to fit. Experienced corset demonstrators in attendance. Attention, Stout Women. the abdomen, relieves those who, are physi- below the whaist line and extra low busted; dip hip and patent come in and inspect them and have our fitters try them on. JELF- ) cally weak and gives a self-reducing _straps over the You will be surprised at the fl'. and the REDUCING Is the omty graceful figure; bones and abdomen. You ladies that low price corset for stout women that positively reduces steels extra covered, so they cannot cut through; very long have had your corsets made to order and paid as high as 32 Fleur de Lis. It is the name of the most npatural locking hip pad and bustle made; it is filled with sterilized sanitary hair; it is made In three separate parts, so as to fit g1y over the hips and back; very light In weight and very light in price......50¢ All Stores Sell Gloves. We sell one kind best). of the ladies” ‘Walking Glove. It is made of picked doe skin, highly finished, prix seam, patent (the Warwick is the name best English one clasp: in English tan and red_also Londxm smoke; fitted and cleaned £1.00 in cotton was not without ect upon stocks, owing to the liqui- flumn for the purpose of protecting in- ests in the cotton market. t INTEREST RATES ADVANCING. The money situation from day to da was reflected in the advancing interest rate. With surplus reserves in the bank loans practically at the highest record figures for the New York associated banks; with the sub-treasury withdraw- ing nearly a million a day from the money market, and with interlor ex- changes holding against New York, it is not surprising that loan contraction by the banks has followed and that money rates have run up notwithstanding resort to foreign money markets for very large loans. No accurate estimate of this for- eign borrowing can be made, but the break in foreign exchange and the rise in interest rates in Parls and Berlin, with the necessity for the Bank of England re- taining its 4 per cent minimum discount rate to protect the London market, are all unmistakable indications that it has been large. Bonds have suffered in common with stocks in the week's selling movement. United States 2s coupon and 3s coupon advanced 1% per cent and the 2s reg- istered declined % per cent, as compared with the closing call of last week. COMMISSION FIRM FAILS. Dressér & Co. of New York Make an Assignment. NEW YORK, March 7.—D. Le Roy Dresser and Charles Riess, doing business as commission merchants under the firm name of Dresser & Co., 15 Green street, made an assignment to-day for the bene- fit of creditors to Charles McKenzie, Dres- ser was untll a few days ago president of the Trust Company of the Republic. A mercantile agency estimated the pecu- niary strength of the firm at from $200,000 to $200,000, This is the house econcerning which there have been rumors on Wall street throughout the week. Large banking in- terests conferred yesterday In the effort to extend assistance necessary to save the firm, but the suspension could not be averted. Two million dollars in the firm’s paper is sald to be outstanding. A con- siderable amount is held in this city. Samuel D. Day of the firm of Samuel D. Day & Bros., bankers and brokers of this eity, who went into liquidation in 1897, to-day flled a voluntary petition in bankruptey. The liabilitles are $989,026 and the assets are $55,178. Our leading specialty is good. pianos. One of our best pianos is the celebrated CONOVER, which occu- pies an enviable position among high grade American pianos It’s tone is clear - cut, ness and reserve power. It’s singing quality passed, its architectural is design and workmanship, and ably near perfection. The coming autumn. The failure of the Aldrich financial blll! emphasized this feeling of stringency. The decision of the United States Steel Corporation to proceed with its projected bond issue and preferred stock conversion was followed by a drop in the price of new bonds, when issued, from above % to | below 88. This incident had a notably disquieting effect upon financial senti- ment. There has been a recurrence of uneasi- ness over the labor outlook, due to the dispute between the Wabash and its em- ployes. There is dread that the dispute |'may spread and involve other systems, ainst the labor union has come under interested discussion on account of its far reaching scope, and the outcome of the legal dis- | Wiy B, Alen Piano Specialists, 131-930 Marked Street, BAN FRANCIECO Braceh: 951 Brosdway, delicately even, yet possessing wonderful rich- construction is highly decorative and beautiful unsur- its mechanical equipment is remark- Don’t fail to inquire for our lib- eral terms on the CONOVER piano. M3 BUSINESS MEN ARE DUNCES University President’s Opinion of Them Is Not Flattering. Special Dispatch to The Call. BOSTON, March 7.—President James of Northwestern University, in a lecture in the Colonial Theater to-day under the auspices of the Twentleth Century Club, scored business men generally and rail- road men in particular. His audlence represented the wealth, culture and re- finement of the city. “Three-fourths of the men in charge of the railroads of the country,” he sald, “do not understand their business and have managed their roads so badly that bankruptcy is always staring them in the face, with more business awalting them than they can handle. “A freight car,” continued Dr. James, “starting out from Pittsburg to Chicago, is like a sailing vessel of half a century ago setting out from New York to Lon- don. Nobody knows when she will ar- rive or where she is on her journey. It may take her a week, or it may take a month.” Dr. James then advocated the teaching of business by universities—not merely a course like the business college of to-day, but training which should produce great leaders in business, as technical schools developed great leaders in scientific pro- fesslons. ‘“We hear of vast combinations of capi- tal,” he said. ‘“Men talk of trusts and of the accumulation of all Industries in the hands of a few men. We hear of Morgan and Rockefeller as the great financiers of the world. How are these men en- abled to do these things? Not because they are such very big men, but because the average business man s such a small tellow. ‘““The average business man is ignorant, and inefficient and cowardly. He is un- educated and untrained in his own busi- ness. He is helpless at a crisis. And it is because of his lack of the qualities which are imparted to the technically trained man in his own profession that he goes down in a crisis, “The day is coming when business will be taught in all our colleges. A begin- ning has already been made in the West, and it cannot be retarded. The country needs trained men to conduet its finances, its politics and its general business, as it needs them to bulld its bridges, and prac- tical training is not sufficient.” Want Old Soap Works, BERKELEY, March 7.—Negotiations are sald to be going on between the whole- sale firm of Tillmann & Bendel of San Francisco and the Standard Soap Works of West Berkeley, In which the first named firm offered $50,000 for the busi- ness and bulldings of the latter. The lo- cal soap company is sald to be holding out for $75,000. Its managers will neither confirm nor deny the report. Mrs. J. W. Thomas, widow of the late Captain Thorh- as of La Loma Pdrk, is president of the company and D. E. Dowling secretary. The works have been standing for many years and ‘were at one time the largest on the coast. St Holds Company Responsible. NEWARK, N. J.,, March 7.—The Coro- ner's Jury that has been investigating the trolley accident in which nine chil- dren were killed, returned a verdict to- day. The jury finds the North Jersey Street Rallway Company, which operated :?; trolley line, responsible for the ac- lent MILTON, March 7.—Three thousand six hundred pounds of glant powder was set off at one blast at the North Hill placer mine near this place yesterday. An excavation ome hun- dred feet long by seventy-five in width and of a depth ranging from twelve to twenty feet | was made. The powder was divided in twelve different receptacies and was set off by eiece tricity. If you have a Brass bed you’ll want this dresser In Birdseye Maple. If red or green predominates in your room Mahogany is the wood you want. Quartered Golden Oak goes best with browns and yellows, but it looks good with any fumishings. The first thing to catch your eye is the design— graceful lines; harmony in proportions. Serpen- tine front, French plate mirror, brass handles, polish finish. Your choice in Maple, Mahogany or Quartered Golden Qal, $23 price, this week. 233 235 237 Post Street We Want You to Know that we will be as pleased to wait upon you when you come for one of these Qak or Mahogany Finish Tabourettes at 90 Cents Each as we would be if it were an expensive article. 21 Inches high, 16 inch shaped top; and the handy shelf adds to convenience and strength A Striking Novelty Of the Season is the Embroidered Madras Curtains. Wonderfully decorative effects. See the New Shades goods. You can make your own drapings in your own way. Silk Filled Screens, ;3 and 5 fold, in White Enamel, Oak and Mahogany finish, One Third Off Regular In Burlaps and Silkaline piece We Have More g $l.50 Comforters Than we need at this time of the year— Silkaline covered, filled with Pure White Sterilized Cotton. double bed size. This week For 95 Cents Each. L\\\M . Full