The San Francisco Call. Newspaper, December 6, 1903, Page 29

DECEMBER 6, 1903. STOCKS ARE ON FIRMER BASIS AND GENERAL TRADE IMPROVES Outlook for Manufacturing Exports Ié Brighter Than Ever and the Prospects Are That the Year Will Close With an Encouraging Financial Showing YORK, Dec. & " t and hesitation in to-day’s arket which quite nearly fol- appearnace in yesterday’ signs of a culmination of the | large volume of deal- | it pot that the h: 1 net changes in in- > both heavy realizing deprives it of a technical A remewed advanc llowed by the local obtained little ral 1i vement followed, h carried a of the leaders, such as Penn- sylvania, United States Steel pref i Amalgamated, a point under 1 night. A feveri succeeded . u bank statemen cash res st the publicatic The gain of $5 tion of a decrease of several hundred . ton during Nov ort covering. While (hr; strengthening factor of | rket, the reduction of the short | tor ; the clos A seliing | T‘ 3 irregular recov- | gy b ‘Vru onomy alrea was an agreeable | .oniemplation and the reduced freight rprise compared with the expecta- | e, the cotton crop indicated marketing of cot- ber a skepticism toward the estimate. INDUSTRIAL OUTLOOK GOOD. Reports continue to be received of down of iron and steel mills 1d of new measures of retrenchment and economy in the trade. The sen- timent over the indus grown distinctly more hopeful. is especially marked in regard to the iron and steel trade, from which come reports indicating that the de- cline in prices has met a revived demand, which promises some con- e absorption of the lessened volume of output. The measures of adopted and those in rates on steel products for export arouse hopes of an avallable outlet in thousand dollars, and it is supposed 10 | the foreign trade. e du discrepancies the other way. The in- in the loan item of a little over $1,000,000 was not disturbing. The mar- | ket closed steady and not far from last | night's The sterling exchange market to a level which will ure the move- New York of any avail n foreign money mar- Chronidle points out bond sales for Novem- t in 188. The large is- ced in the recent asion of comment fa- ancial prospect. A con- by the figures of n ng November, whi. gregate of any month »n houses report that nd the movement is ipally due to oper- nal traders and rs of the wealthy class :al significance of the bably Operators in stocks for a long their only the s f receding prices. This week ve evidence of being over- sses in forcing out sales of 1 offered prices down iffered such drastic scal- es, the urgent demand ¥ in some cases, g of da 4 pr ted buying to cover. The ear ering movements among short t f the smaller class did not the more powerful side of the mar- re inclined to avail 1es at the higher level. ing that was attributed the longs was un- ewed short selling. ce of the upward week an ex- t was thus left un- 1€ clear that a bear and more per- sistent character th: any heretofore hed was being driven to cover, with very important effect upon prices and an awakening of animation in the | market. The fears of shorts were ag- ated by their suspicion that an orption of stocks had been going on by the great capital and banking com- ations, whose operations contem- plate wide policies and are based upon convictions as to general conditions and their ultimate working out. The recovery in prices gained force and proceeded in the face of various news factors that were unfavorable, but which had to do with conditions that have been more or less foreseen and —— ADVERTISEMENTS. ON FOOD The Right Foundation of Health. Proper food is the foundation of health. People can eat improper food for a time and not feel any ill results until there is a sudden collapse of the digestive organs and then all kinds of trouble follows. The proper way out of the difficulty is to shift to the pure, scientific food, Grape-Nuts, for it rebuilds from the foundation up. A New Hampshire woman says: “Last summer I was suddenly taken with indigestion and severe stomach trouble and could not eat food without great pain; my stomach was so sore I could hardly move about. This kept up until I was so miserable life was not worth liv- x’x'he-n a friend finally, after much argument, induced me to try Grape- Nuts food and quit my regular food. Although I had but little faith I com- menced to use it and great was my surprise to find that I could eat it without the usual pain and distress in my stomach. So I kept on using pe-Nuts and soon a marked im- provement was shown, for my stomach was performing its regular work in a normal way without pain or distress. “Very soon the yellow coating dis- appeared from my tongue, the dull, heavy feeling in my head disappeared and my mind feit light and clear; the languid, tired feeling left, and alto- gether I felt as if I had been rebuiit. | Strength and weight came back rapid- ly and I went back to my work with renewed ambition. To-day I am a new woman in mind as weil as body and 1 owe it all to this natural food, Grape-Nuts.” Name given by Postum Co., Battle Creek, Mich. There's a reason. Look in each package for a copy of the making up of former | and declined further | | control and of policy touching the rela er than for any previous | firoad bohds which have | | national exchanges and the sta: ittle growth in outside | not less on that | ly success on | bears failed of _their | Among t ndustrials especially | | needs are usually satisfied by way of »cks for delivery, which | ne rallies in prices to | the middle of the | The details of the foreign trade state- ment for October offer gratifying evi- dences of the revival of the export trade in all lines of manufacture. The seasonable cold weather has given an impetus to all lines of distributive trade, and the coal trade, in which consider- able cor n had developed, is re- | ported to be especially benefited by the | cold weather. In the stock market no small part has been played in the re- covery in the constant circulation of rumors of important adjustments of tions of grouns of capitalists tending to harmonize those relations. MONEY MARKET FIRM. The money market has shown the ex- pected relaxation following the comple- | tion of the December settlements. Con- | ditions abroad as well as here promise a continuance of a firm money market for tk st of the year. But it is made from the movement of the inter- stics of national trade that Ne York nands the exchange situation. New Orleans and San Francisco have made further requisitions upon New York for during the week, and addi- 1 shipments to those points are cted, but the Western demand for crop-moving purposes has come to an Gold for import has been secured London market whenever the ovement of money rates did not make re profitable for holders of e: change on London to hold up their col lection and leave the proceeds on the loan in London. A new development has been the shipm. of gold from Japan to San Francisco. San Francisco’s exchange it Australia, but large Australian crops has thrown the advantage of exchange to that center. San Francisco finds it e e ase. | of greater advantage to dispose of its | rts sterling exchange claims to Japan and to take gold from there in compensa- tion. The movement serves as a rellef | from the San Francisco demands upon New York for currency. Confidence is undiminished that money will become easier with the turn of the year, and it is believed that the movement of stock is in part a discounting of this expectation. The bond market has been somewhat irregular, but has grown steadler in sympathy with stocks. United States 2's and the new 4's declined one-fourth below the closing call of last week. Al S BANKS SHOW BIG GAINS. Movement of Money During the Week Surprises the Financiers. NEW YORK, Dec. 5.—The feature of the official statement of the New York Associated Banks last week was the net gain of $517,200 in cash, whereas estimates, which were based upon the traceable movements of money during the week, indicated a loss of $285,200. This discrepancy between the official and the estimated changes in this item may very easily be acounted for by the system of av- erages. Payments by the assay of- fice of imported gold were large, but they were distributed through the week, and moreover the disbursement on Friday of $450,000 for gold re- ceived from Boston, which had been imported by a Boston bank, though counting for but one-sixth of the amount, had some influence. The de- posits increased $1,349,400, as the re- sult of the gain in cash and of the augmentation of the loans. The re- | quired reserve was increased $337,100 because of this gain in depesits, and deducting this pum from the net in- crease of cash leaves $180,102 as the gain in surplus reserve, which item is now $6,305,300. Computed upon the basis of deposits, less those of $36,- 801,100 of public funds, the surplus is $15,605,676. The increase in loans was somewhat unexpected, but it was probably caused by the renewal of ac- tivity, at advancing prices, on the stock market. This is indicated by the average daily bank clearings for the week, which were $218,000,000, against $203,000,000 the previous week. The statement shows a good balance, the sum of increase in loans and of cash being $1,697,800, or only $331,400 more than the increase in deposits. The surplus reserve will doubtless be augmented in the cur- rent week through the arrivals of gold from Europe, which metal is now in transit. Moreover, the transfers hence to San Francisco are understood to be practically at an end. The sub- treasury operations last week were largely against the banks, because of a falling off in pension disbursements and of the heavy transfers of internal revenue collections and of payments by banks on account of the 5 per cent redemption fund. One feature of the statement was the decrease in specie, while legal tender increased. The loss in the former was probably due to the fact that foreign bankers are employ- ing much of the gold which they are receiving from abroad, in the pur- chase of exchange. The gain in legal tenders was most likely caused by re- ceipts from near by interior points, and also to some accumulations of this | | WAXES OPULENT WHILE N PRISON Joseph Haas Gets Parole to Fight for “Gold Cure” Profits. kens some | ial future also | —— There was a|have been an element in the specula- | . » 4 tion for a decline for some time past. | Inventor of Famous Mixture For instan _ | by the Government's estimate at below | #| ten million bales would be regarded as | amounting to a national calamity were | Claims a Fortune in Royalties. ST S Speclal Dispatch to The Call. | NEW YORK, Dec. 5.—With more | than $80.000 in accumulated royalties (awaiting him, Joseph Haas, allas Harry J. Claire, reputed discoverer of | the “gold cure,” who was sentenced to twenty years and four months on a { conviction of burglary, is back in the { Queens County Jail to make a fight for | liberty and fortune. | Haas is known as a chemist of rare |attainments. He comes of a wealthy | Pittsburg family and is accredited | with being the first to produce the | “gold cure,” which he disposed of on a basis of payments in royalties. He had wealth and social standing and it is Jsald his first wrong was to become a | manufacturer of spurious drugs. He was arrested for counterfeiting labels | of a big wholesale drug house in the | West, | When arraigned for sentence before | | Judge Moore in the Queens County | Court a year ago on the conviction of burglary referred to he admitted that his arrest for counterfeiting labels was the first step in his downward career, | although through the influence of his | money and his family he escaped con- viction. Ernest Monet, a Frenchman and expert chemist, photographer and an artist, was at the head of a Buck- ley-street gang. They occupied a small | story and a half frame house in Buck- ley street, Long Island City. How | Haas has become identified with the | gang has never been explained. When the police raided the Buckley= | street house they found several hun- dred bottles containing spurious phen= acetine, which Haas was manufactur= ling and selling in big quantities to | drug houses. The bottle bore the | counterfeit label of a big wholesale | drug house in Manhattan. [ In the house was also found a print- ing outfit, which was used by Monet |and Haas in turning out bogus labels. :Two murders are attributed to the gang, that of Albert C. Latimer, who { was shot and. killed at his home by a masked burglar, and John J. Sheridan, | detective. Haas was taken from Clin- ton prison last week and is now lodged in the Queens County Jail to answer to four indictments against him. He is held in $250 bonds on each indict- | ment. His attorneys, Kreland, Lafetra |'& Plaza of Manhattan, succeeded in | having his conviction set aside. They | are now fighting to recover royalties due Haas on his “gold cure.” ———— | VANDERBILT HURRIES { TO WIFE'S BEDSIDE CHICAGO, Dec. 5.—William K. Van- | derbilt Jr. left hurriedly for New York this afternoon on the Twentieth Cen- tury express. He is said to have been | summoned home by long-distance tele- | phone because of the serious condition | of his wite's health. ADVERTISEMENTS. THEY ACTUALLY DO THE WORK | Pood Eaten Is Worthless Unless Digested —Some Stomachs Must Have Help. Food taken into the stomach, which, from the nature of the food or the con- | dition of the stomach, is not digested, | is worse than no food at all. This is a true statement as far as it goes and a great many dyspeptics go only this far with their reasoning. They argue with themselves that because their stomachs do not do the work given them, they must be given less work; in other words, they murt be starved. It would be just as sensible for a business man who is unable to do all his own work to cut down his business to his own ca- pacity as it is for a man to starve himself to relieve his stomach. The sencible business man employs help and goes forward with his business. Likewise the sensible dyspeptic will employ help for his stomach and give his body proper nourishment. Stuart’s Dyspepsia Tablets actually do the work assigned to them. They re- lieve weak and overburdened stomachs of a great portion of digestive action. Their component parts are identical with those of the digestive flulds and secretions of the stomach and they sim- ply take up the grind and carry on the work just the same as a good, strong, healthy stomach would do it. On this account Stuart’s Dyspepsia Tablets are perfectly natural in their action and effects. They do not cause any unnatural or violent disturbance in the stomach or bowels. They them- selves digest the food and supply the system with all the nourishment con- tained in what is eaten and carry out Nature's plans for the sustenance and maintenance of the body. How much more sensible s this method than that employed by many sufferers from weak stomachs. By this means body and brain get all the good, nutritious food they need and the man is properly nourished and equipped to carry on his work and perform his duties. He could not possibly be in proper working condition by starving himself or employing some new fangled, insufficient food that does not contain enough nutriment for a year-old baby. A strong man doing strong work must be properly fed and this applies to the brain as well as the body. Stuart's Dyspepsia Tablets, by re- lieving the stomach of its work, enable it to recuperate and regain its normal health and strength. Nature repairs the worn and wasted tissues just as she heals and knits the bone of a broken limb, which is of course not used dur- ing the process of repair. Stuart’s Dyspepsia Tablets are for sale by all druggists at 50 cents a box and they are the one article that the druggist does not try to sell something in the place of that's “just as good.” Their unqualified merit and success and the universal demand for them has the famous little book, “The Road to | kind of money in anticipation of holi- |placed them within the reach of every Wellville,” - -_— day reguirements s & one. __ - e e oking Jacket Special Some three hundred JACKETS—our regular $5.00 Jacket, which means as good as other stores sell for $7.50; in all the newest and prettiest colorings of the season, colorings of our own par- ticular design, in light, medium and dark reversible cloths. Allsizes, 34 to42. They will be Monday, at $3.08 Stunning Little Salor S ADVERTISEMENTS. 4% % his Little fiiends s ¥xs e esnsSECOND FLOOR Blanket Dressing Robes Gray Blanket Cloths, in pink borders, navy shield, sleeve, beautiful braided collar, full-flaring blouse, jaunty tie, to fit little gentlemen bef of 3and 10 years, will be Monday only, at : : =4 borders and other very handsome colorings; all this season’s goods. A ROBE that should be $5.00, will be marked special for Monday, at : : ¢ @ $3.45 . B Cunning Little Winter Overcoat One of our sweetest little RUSSIAN COATS, as its peer at $10.00, will be one of our Christmas specials in the Juvenile Department Monday, at $5.00 of STEEL MIXED 0X- FORD, a very long affair, very smart and fetching in appearance. An Overcoat that’s usually $7.50 in our house will be marked for MONDAY SPECIAL, to fit little gentlemen between the ages of 5 and 15 years, at : : : CORDIALLY INVITED - in his AURORA PALACE will be thyown open to the public MONDAY. Children when ac- } “companied by their parents admitted free. SANTY will distribute sweets to S W e TRt e g e o ekt G : - JUVENILE DEPARTMENT...... ATTRACTIVE CHRISTMAS SPECIALS From San Francisco’s Foremost House Noted for Handling Highest Grade Goods and Smartest Fashions 0000000000 000000000000 00000000 IIIttIItt eIttt st Quilted Lined Mufflers Most exquisite ideas in QUILTED MUF- FLERS in all the very latest shades. Some really smart ones as our picture shows above,at : : $1.00 We are showing some very artistic ideas in evening dress shields. cesooe .soees e oe s ‘Long Winter Overcoat % I In 2 beautiful shade b 55 i { Visit our new and beas- + tiful it devoted o 'and MISSES’ { Suits, Wraps and Rain- tco'als. The smartest cecececee | ((YEd}) ¥ 3. i RAPHALL {“'..." £