The evening world. Newspaper, June 25, 1902, Page 10

| MARKET STRONG -—AUTINCTIF. Buyers Hesitate to Add to Holdings and Trad- ing To-Day Was In- significant. oy SMALL BEARISH MOVE. ——_— © it Was Reflected Chiefly in the . Subsidence of Transactions, However, Rather than in Lower Prices. ——— % ‘The possibilit~ of financial troubles following the probable death of King Mdward effectually discouraged buy ing to-day, and whatever ‘appearance of life the market had was imparted to it by the professioral element. In spite of inside efforts in the - Gould stocks to stimulate interest the market was heavy in ‘he first hour, ‘and later reflected in all departments the uncertainty as to the outcome in London. 4 Buyers hesitated to add to thelr hold- © ange with 20 many posslbilities befog- D ging the immediate future, and while the market opened stronger through- D oat the Wet it was decidedly Inactive, mith a narrow The principal = trading wes in | with the exception Boone. activity In the early the {international list, ot Missourt Pacific, Reasing issues and mor coaler stocks were firm on weakening among the miners a the strike {s nearing The reports and a belief that bearish wave ohanse. ‘was reflected chiefly in the nila of trading rather than in appreciably lower prices. ‘The volume of trading compared favor- ‘ably with that of yesterday, but the ten- Gency was toward ‘mprovemnt wherever activity was shown. Influential banking interests let it be | publicly know that a possible fatal ter- © Sieetion of the King’s iiness had been 8 practically discounted here, and that it the worst should happen, !ts reflection there would be confined chiefly to a sym- pathetic downward movement London selling in the market was @ quiet but steady movement which cre- ~ ated not a rippie on the exchange, It was felt that foreign Uquidation was | better coming in this way than in @ > semi--panicy rush. ; ‘The money market was unchanged except that there were occasiona) trans- actions in time money at 41-2 per cent. for four months. Large sums were placed on call to-day at 3 per cent, but the rate quickly broke to 21-2 per cent, Pfime mer- cantile paper was in fair supply, with the demand only fairly active. Foreign exchange still thovered near the gold export mark, but the supply of new gold being received from the Klondike precluded any possibility of alarm even if gold ‘Avroad ‘this week. The total sales of shares and of bonds should be started stocks were 305,000 $2,200,000. ing Quotations. Oven High. Low. Clove i ind DerMonMl PLOW \ any, iY iieorporators are-Newton | The London market to-day was tev- * oy New Works O86 mas, | erlsh and uncertain tn the early’ trading { i \Sone und James ¢ ek, | b y Binlihe' ‘i, ‘, New Vath. hd Janien Mek, (but later in the day a more segtied tone « t % \ prevailed, Operators sold freely A —<— The market for American raliwa 14 The Wheat Market, |phares, after opening fractionally being 1 The opening in wheat this morning|the closing yesterday at New York, raj a er ot 185 wan steady. and dull, early prices show-|Hed, and the whole list was strong i hes. pf: w uttie change from lust night, Moder-| ‘fading in the department was moder- Central Paper Pum i. Ini + 14 11h fo" Of " Ws Taki One More Gould Road, Goulds, and President J. B. Ramsay, The road at control | Western Maryland once passed to their henceforth forms tue tidewater out- let for the big Gould system. and addition to the Wabash burg extension is to be pushed as rapidly as possible as soon as the new Preisdent gets entire control. * 8 Big Men in Small Company. The Occidental Construction Com- pany, just chartered under the laws of Jersey, has a brilliant array of railroad presidents as incorporators, which leads Wall street to suspect that there is a big scheme afoot. Among the incorporators are: Eben C. Thomas, Chairman of the Erie Railroad, 8. R. Calloway, President of the American Locomotive Trust; Samuel Spencer, President of the Southern Railway; Leonard F. Loree, President of the B. & O. Railroad, and others not so prominent in the financial world. Why this aggrega- tion of railway presidents should act as incorporators of a $120,000 com- pany is not yet told. - 8 8 George Gould and Guy Phillips, the Carthage and Western road, which is to be built as an extension of the Missour! Pacific lines in Missouri. Large July Disbursements. next two weeks {is not at all reas- financed this week, and this move- ment, now in progress, may cause a flurry in call rates. A number of pools are trying to close their oper- ations, which makes the market re- sponsive to the least bearish senti- ment. Demands for crop money from the West will further diminish the supply of currency here, and gold exports are of direct possibility. Subscription Metropolitan Street Railway 4 per cent. 10 o'clock to-day and closed at 8 P. M. Millionaires to Testify. Henry H. Rogers, head of the Cop- per Trust, and James Stillman and William Rockefeller, directors in the same combine, are elected to testify before a commissioner in a suit brought by a brother millionaire, E. Rollins Morse, of Boston and New York. Mr. Morse was once President of the Boston and Mon- tana Compamy, and became involved in the interminable copper litigation fom, | Ported mya | stocks were | Ria NEW TRUSTEE COMPANY. 0 New Jersey Corporation Formed ae Reo with 82,000,000. ¢ an Pon | The United es Trustees’ Corpora- uM, tion, with an authorized capital of §%-|Union oo.! 000,000, filed articles to-day in the Union heen... ty Clerk's office at Elizabeth, oa tention of the company 1s to di em raliways, reservoirs, sewage | LONDON MARKET RALLIES tles of als all over the world the Bouthwe that winter wheat crop news cor dull but steadier, e late deliveries wer provable that the Will close on Baturday, Jub h no oMiclal action has yet b York's pric + duly, Corn—Ma. 5-8 to 60 1 4; De er, 72 44 S:4 lo 47-5; Beptember, 60 08 1-8 to 08 1-4; Decen “New York ew York's closing prices wer whont, ib 8-8 bide Beytomber. 1 Devenibor, 1 1-8 bid; July corn, Kemer, 4 6-6; December, 63 1-8 Chicago’ wheal Winslow 8. Pierce, counsel for the jr., of the Wabash, pald to the city aia | of Baltimore to-day $8,500,000 for the Win- slow Pierce is to be President of the |road, and it will be made a valuable The Pitts- Pho Ticker's favorite tune—Al! lambs look alike to me.—Ticker Talk, of Yonkers, are among the incorporators of The outlook for the market for the suring. July disbursements must be books for $11,000,000 of refunding 100-year gold mortgage bonds were opened at Kuhn, Loeb & Co.'s at which has made life one long sweet! ne and telegraph and to corporations and | to aoquire by purchase! unfavorable. Foreign! Friday and Saturday of this week. not 186 here either way, De-| Withstanding the postponement of the mand came mostly (rom room shorts and, “°ronton ceremonies vsorbed what litte wheat there was for a The Cotton Market, follow Produce Ex-) were 1-5 to rn—Septem= bid: Stohr, ms song for the lawyers of Montana and elsewhere, His fellow millionaires must testify to-morrow before Referee Klein, at No. 220 Broadway. United States Stoel stocks, Reading, Atehinon, Union Pacific, Erle and Cana- \dian Paolfic reflected the improved con- ‘tion In the early London market by fractional advances, Harriman Ran in Street. ~ Edward H. Harriman, the busiest man and the most reticent one in Wall street, was hurrying up Wall | street to-day. At the Sub-Treasury steps he met George W. Perkins, managing partner of J. P. Morgan & |cCo. They conversed earnestly for ‘a minute, Mr. Harriman gesticulating vigorously. Finally the railroad king pulled his soft felt hat further down over his eyes and ran up the street like an office boy hurrying to a ball game, He had just remem- bered an important engagement. The group of anthraste coal presidents has informally decided not to reply to President Mitchell's statement. They velfeve that the anthracite strike will soon end and that the soft conl. strike will not be called . 2 No Aggressive Bear Leader, The lack of a pronounced and ag- gressive bear leader has not for a long time been so noticeable in Wall street as it is at this particular junc- ture. Had the bears a leader of nerve and knowledge the present situation would afford him a fine op- portunity for demonstrating his ca- pabilities as a leader in attacks upon values when all surface circum- stances are in favor of falling Prices. Seoratary McClure, of the Stock Ex- change, gave notice to-day thaf sales of General Flectric stock, except for cash, were ex-dividend of 2 per cent. The stock will also be ex the stock dividend of 662-3 per cent. on July 15, oe Edwin Gould’s New Deal. There {e no longer any room for reasonable doubt that the St. Louis and Southwestern road, of which Ed- win Gould is President, has acquired a controlling interest in the Chicago & Eastern Illjnols. In due time the line will bo added to the Gould system, and then all the Gould lines in the Southwest will have a fine | new entrance into Chicago. The offi- cial announcement will be made when the Goulds are ready for it, H. Rogers's famous maxim ‘he best time to buy Amalgamat- | ed Copper stock is fram 10 to 8," has had some dents hammered in it by the re- cent 6 point slump in the price, Vanderlip Geing Abroad. Vice-President Frank A, Vanderlip, of the National City Bank, and B. W. Hardin will sail Saturday to attend the International Conference of Com- merce and Industry at Ostend, which is to be held under the patronage of the King of Belgium. Mr. Vanderlip will represent the United States as NO CHANGE IN CURB PRICES. Market Was Dull, and Few Sales, Reported. | The outside market opened dull, and prices were about unchanged from last night's close San Francisco Railway issues | quiet, dids for the bonds at 9 © issued” being made, with no sales re- There were no early bids in the regular way Opening quotations for the active Opening Was Feverts olted—Americans S¢ and Ex. was evi-|Ately aetive and the general tone was | firm The exchanges will close on Thursday to-day local cotton market opened firm e) with prices 4 to 6 points higher. WHE WORLD: WoDvbSDAY bviudiive, dos oy 6 VS OF THE BUSINESS WORLD. GOSSIP IN AND ABOUT WALL STREET. one of its delegates to the convention, having been named by President Roosevelt. After the conference Mr. Vanderlip will spend two months visiting European cities in connec- tion with the foreign business of the bank. eee President Gillett, of the Denver and Southwestern, emphatically denies that| the rate war in the West is ended ‘This is taken to mean that his road will accept no comprom! To Finanee Beef Trust, It was reported in Wall street to- day that prominent financial inter- ests had agreed to underwrite $300,- 000,000 of securities, which will be necessary to cover the proposed con- solidation of the big packing-houses of the country. Raptd progress is sald to have been made in the forma- tion of the new Beef Trust, and It is now believed that it will go through. ‘The packing-house consolidation will also control the stock yards. ee e Directors of the American Tce Com- pany will meet to-morrow. There 1s a question of whether they will declare a| dividend or pass It without action untt! the next regular meeting. ee Fight Against Merger. Seven thousand of the 12,000 mi- nority stockholders of the Burling- ton, Cedar Rapids and Northern Railroad have taken legal steps to prevent the Rock Island from con- tinuing to operate the road under lease. A permanent committee has been selected, composed of Benjamin Grif- fin, John M. Bookman and Irving K. Tyler, to look after the pratestors' interests. This committee has retained the law firm of Hornblower, Byrne, Mil- | ler & Potter to wage the legal fight. | The attorneys have notified the Rock Island that steps will be at) once taken to declare null and void the lease of the Cedar Rapids to the Rock Island. { SCececeesecenececeesesees]]ss00s]888808 oe John W. Gates, who had booked pas- sage for Europe to-day, {s stlil in Chi- cago and is repotred as having lost| $22,000 on the races yesterday. He will postpone his trip indefinitely to watca his various Interests on, this side. Money from Interior. | ‘The interlor movement of money reported by the banks for the last four weeks shows that $21,227,600 was received and $8,815,700 was ship- ped out, leaving a gain of $12,411,900. New gold received by the banks for the same perlod aggregated $2,775,200, which is over $1,000,000 less than for the same period Jast year. Last year’s checks for Klondike gold began to come in ten days ear- lier than the firgt instalment this year. | Losses by the New York banks to the Sub-Treasury for the last four weeks amounted to $7,957,200. JAMES McGREERY & CO. LADIES’ CLOAKS. Remaining stock of silk, cheviot or broadcloth coats, Eton and blouse models, Lined with silk. 5-50 8.50 and 12,00 | Full length dust made of tan linen cloaks, 6.50 Travelling cloaks, made of Shantung Pongee or Gloria silk, 17,00 SALE OF SHIRT-WAIST DRESSES A bad scare of shortn wae occasioned this morning by another dry-weather map for Texas and @ bulge of 4 Jin the Liverpool market, Bull leaders, made courageous by late success, aggressively bid up the new crop positions, ‘Phe Wall street bear in- hot in eviden & seller but rather seemed to be buy- ing that option. Euro, bought the summer manthe.. 22 Sout The opening prices were: June, 00 t0 Gol: July, 8.76 to 8.76; 4 Sob ts des M to 6.45; Bept to 74 F, 8.08 to Dotaher, 1.58 ts ovember, T.91 to 1-2 points | SOROSIS The Best Shoe for Women. $3.50 per pair. These Shoes are recommended for universal use. The models are so diverse that the selection of a suitable last at the first sitting is all that is necessary, to order boots, shoes or slippers for any occasion. This rule applies to any Sorosis Shoe Store in America or Europe. None genuine without the Sorosis label. When purchasing Sorosis Shoes, customers should have the foot meas- ured instead of inquiring for any particular size. By this means an ac- curate fit is secured. . JAMES McGREERY & CO. Twenty-third Street. VSPSTVSSVTVVSVSVSVS SSESVSHVS SHSSSSSSOOSVP Remarkable Reductions sce" ————— skirts and Waists. Our Garments Equal to Best Custom Made. 125 WOMEN’S SUITS AND DRESSES, Fancy Etons, Trim- med Blouses, Frocks and Frills, also late styles of Plain and Fancy Tailor-Made Suits, Etamines, Nun's Velling, Voile French Silks, Fine Broadcloths and Venetians. They are all beautifully trimmed and tailored, and made over handsome silt drop lining, black and colors; all sizes. The Broadcloths and Venetians are suitable for Barly Fall Wear; Reduced from $25.00 32.50 35.00 To sueor® 00 = $ 75 10,00 ©) go00 $1 5 %ana? 9, 45.00 50,00 } 225 WALKING SKIRTS of fine quality Meltons, hair line stripes, rough hopsacking (very stylish). In all lengths; black, blue, light and medium gray, brown and Oxford. They are made in 7 or 9 gore flare, slot seams, and the new flounce with fine tallor stitching. Reduced from $10.00 | To $5 00 ° $12.00 § An unusually fine assortment of good quality LAWN WAISTS, ve line tucking, hemstitching and embroidered. Also choice COLORED walsTs. Reduced from $a.a5 ) To 3-50 | c. $4 50. 4:00 [ 05 and 1. 5-0 Washhell Carhart « Co. Broadway and 13th St. Pee eee ee ee So DD th tte OPPENHEIM. CLLINS& @ Will offer on Thursday, June 26th, in their Waist Department, Special purchase of 5,200 Lawn Shirt Waists (regular values $2.50 to $3.75), $450 Suit Department—Clearance Sale. About 50 Ladies’ Suits, of Mistrals, Etamines Ant Can- vas, all sill lined (former prices $40.00 to $50.00), $20,00 Ladies’ Separate Skirts, of Etamines and Veilings, over drop skirt of superior quality Taffeta Silk (value $18.00), $9,75 About 100 Ladies’ Silk Etons and Blouse Jackets (for- mer prices $18,00 to $27.50), to close out, $9,75 Broadway & 25st St. Stern Brothers Bedsteads & Bedding Designs Suitable for Summer Furnishings in Mattresses Remade, Hair and Feathers Renovated, West Twenty-third Street. SVOSSVSVSSSVSVESSSSsSSSsSSSEsSEsSSESESEsSsessessesd Twenty-third Street, White Enamel, brass teimslogt, ; as all sizes, upwards from Ny | Bedsteads {au alee pwards fre ee Cribs, White Enamel with brass trimmings * $4.85 | Mattresses { Elastic Felt, “ “ $4.75 JAMES McCREERY & CO. Hair, $6.00 Made of fine quality fabrics, Latest models, — well cut | and finished, \Satin Foulard or Colored Taffetas silk, 15,00 1.0 to 7.91; January, 1.9 ry, Th bid;” Marek 133 online prices for 0 1.98; Febru Twenty-third Street, + (formerly at 36th SL and Broadway), 1381. BROADWAY, ei THE WORLD'S UPTOWN OFFICE This is by published this season. out breaks or splinters. T | posure of outdoor use. b These pictures give a fair idea of them, but they don’t do them full justice, You'll be surprised when you see the chairs themselves. Offered to- morrow for the first time at, each. . 59c Rothenberg leadership. keenest competition. stances they are not noticeable. NOTE THE TIME—They’ll go as fast to-morrow, complete, at... 6x3 feet; values.range from 45c. to 60 morrow at. Lot No. 4—Scotch Ale sceeeeeerceeeeweeeereseeee HOLLAND WINDOW SHADES, 5 ft. long and 3 ft all colors, mounted on good spring rollers. —BETWEEN 8.15 AND 11 A. M. TO-. ROW — complete with fixtures, screws and cord, at LOT NO. 2—BEST OPAQUE WINDOW SHADES, 6 feet long, 36 inches wide, some with heavy fancy fringe, all with best spring rollers; values range from 30c. to 45c. eac! demonstrat Some of the shades have slight imperfections, but in most in- This is by far the most important sale of the sort that New York ever knew. No Mall Orders. LOT NO. 1:—To-Morrow Between 8.15 and 11 A, M. can be snatched ide, Special \OR- as they special all day special all day to- two yards wide. stores at from 60c. to 75c. per square yard; special here to-morrowat.... innot fill m: Linoleum Sacrificed. m7 When you can get the best cork linoleum—guar- ) anteed—and shown ‘in a wide range of choicest patterns, at a price like this, you or lose no time in coming to Rothenbery’s, Selling in other orders at this pri Rothenberg &: West Fourteenth Street Three Garloads Of PORGH FURNITURE At a Sensational Price. The Greatest Offering of Its Kind in Years. far the best news of Porch Furniture that has been Well-made, attractive chairs and rockers at 59c, each, We had to make an enormous purchase! in order to get the price down like that. See how well they are made and finished—solid oak frames, firmly joined, strongly braced and highly polished. Woven splint seats—well woven with- ‘They're chairs made in every way to withstand the strain and ex- An Immense Purchase of | Window Shades Will Be Placed on Sale To-Morrow at the Most Astonishing Prices Ever Known to the Trade. Here’s another trade movement that We bought every shade in the factory of one of the foremost makers at a most astonish- ing price concession. They will be placed on sale to-mor- row at prices far lower than those quoted by even “the tes up. 10c ¥47c Lot No. 3—Fine Scotch Holland and Opaque Window Shades, all colors, fancy linen fringe and some with deep lace insertion, 25c Holland and Opaque Shades, lengths range from 7 to 9 feet, widths from 36 to 40 inches; all have linen fringe and best spring rollers; values up from 75 cents; all day 39c Seasonable Helps from the Basement Stores. Wrought Iron Umbrella) Stands, $1.00 value; Special seceeeee 39c Water Coolers, extra heavy, galvanized lined, nickel-plated faucets, charcoal packed, 144 gal. 2gal. gal. 4 gal. 6 gal. 425 1.49 1.98 2.25 2.69 4.25 Ice-Cream Freezers—Gem,”’ the|" caps. Wide tops.’ Best quali : ApS. q quality glass ; maneatd ol wer. aa bab Pints. Quarts, % Gallon, 1.39 164 1.89 2.24 2.89 49c.doz. 59c, doz. 79c. dor. Garden Hose, 25 feet of 3-ply quality, with hardwood reel and brass com- bination spray and stream nozzle, complete . for 28 and 60 foot lengths, ail coupled, 3-ply, axtra standard grade, guaran- 7 teed; special, foot. Cc} to country or seashore for a complete set to... Glassware. 3- piece set, Hoe, Rake and Spade, 15 inches long; just the thing for a child to take reduced Jelly Tumblers, tin tops, spe- cial, doz.. Water Tumblers, ressed glass, luted Bs ttom; vale 50¢, lozen; special, CaCheevvee. ss 2c Do You Want a Position? Do You Want Help? Do You Want Tenants? bes ‘the Sunday valli lt th ‘ht to ‘lly "r 33c Se Mason Fruit Jars, porcelain-lined zinc 24c “Se