The evening world. Newspaper, June 28, 1902, Page 8

MISSOURI PACIFIC AND THE ILLINOIS CENTRAL LEADERS. igorous Buying by Poo! Buoyed the Stock Market. of to-day’s market. Traders were @isposed to carry anything over inday because of the uncertainty mding the settling period next ie (Rockefeller pool made Missouri Pa- ari xl with Illinois Central for Phe wonor of 1c ding .ue list. It ad- 1 beyond yesterday's record and the high figure of the present ent. poor statement made by the Railroad for the month of showing that the anthracite was costing it a great deal of , had an appreciable effect upon “@il the hard-coal roads, and the issues fwere barely able to hold their own. Prices Were Firm. | Prices as a rule were firm, with near- all the gains recorded in fractions. ngs were very small in volume, even the professionals were inac- ‘A strong boom in Ilinols Central was d by the statement that a new eal was pending whereby it would very ly get control of the Chicago and tern Illinois through a lease, It ad- ed over 2 per cent., scoring the best of the weeks’ movement. industrial lst was practically neg- c and what trading was done was ofessional in character. Ice issu at the opening, rallied later for slight advance. Colorado Fuel and on was still weak and receded nearly © points during the first hour. Morgan's Share in St Bteel issues were steady, the publica- n et the partial list of stockholders osing no features that had not been wn before. The emall number of “skye in J. P. Morgan's name satisfactorily explained by the wt that the syndicate, of which is the head, owns $200,000,000 of stock Teport from Washington that the ent would move against the oite Coal Trust was not seriously a 4 and wes not looked upon as a ct Inty as to the bank state- t was reflected in the narrow vol- of trading. Money rates were unchanged and the feature- en mill ‘the close, of the market continued Clos 63 Fr: Pe perons buying, by the Goufd-| September, 61 the Gould-Rockefeller 40) Consol, Gas 100 Con, Tob. 500 Corn Prod. Distiliing Co Diattiling Co. pt Mul. $8. & Atle Dull) 8. 8. & AtL pf. People'n Gas. Reading . Reading ist pt. Reading 24 pf. Rep. Steel o “Ton Stand, Gold Mine. Ac res and of honda $1,- 500,000, —— ‘The Wheat Market. ‘The wheat market opened strong to: with trading fairly active E cessive rains in the winter wheat har- vesting districts and through the corn States was the cause of the strength Outside markets were all buoyant. Corn showed good strength at the start Reallzing on the bulge caused a set back and trading quieted down. New York's opening prices Wheat—July, 291-4; September, December, ' 785-8." Corn—September,, G4 3-4. Chicago's opening prices were: Wheat July, 731-4 September, 723-8 3-8 to 731-8. Corn 70} September, 611-2 to $, May, 457-8 to 48; December, 473-4 were: ag fain epi 8 prices, were: mber, 77 bs Oho : Whea: to 212 July, -4: Septe: Bas ‘o 45 3-4 December, May, 34 READY TOPROSECUTE/GOSSIP IN AND ABOUT WALL STREET. TOBACCO MAGNATES Acting District-Attorney Rand Calls on Bourke Cockran for Evidence Against James B, Duke and T. F. Ryan. Acting District-Atto y Rand for- warded to Bourke Cockran long letter in reference to the 1 charge that Messrs, James B, ‘Thomas F. Ryan and « directors of the American ToHReeH Company guilty of criminal conspiracy in induc: ing the stockholders of the American Tobacco Company to exchange thelr stock for 4 per c ponds in the Con. solidated Tobacco Company Mr. Cockran Jately appeared before the Supreme Court in a civil pSoceeding on behalf of some holders of the Amer- fean Tobaceo Company's common stock. had a transcript of the hearing taken and submitted it with an affi- were *Jaavit signed by himself to the District- Attorney. At the conclusion of a long and tech- nical analysis of Mr. Cochran's affi- davit Mr. Rand wrote that If the state- ments therein were correct the acts of the defegdants were clearly in violation of law, and he invited Mr. Cockran to lay what evidence he had before the District-Attorney, who would gladly make a. thorough Investigation CURB MARKET QUIET. Outside Quotations Nominally Un- changed—Transactions Limited. The outside market opened nominally unchanged — from There were very actions of Importance. orthern Securities were firm at 104 1-8 bid Opening quotations for ac were: close. © stocks Vain. San Fran San Fran pt an Fran. San Fran. mute BUYS ST. LOUIS BEEF CO. Denied by Parchaser that Made for the Trunt. ST. LOUIS. Mo, June %—The St. Louis Dressed Beef and Provision Com- pany has been purchased by a syndicate of St. Loulsans headed by Thomas W Crouch, Vice-President of the Colonial Trust Company. The purchase price, it Is stated, is $2,000,000. Options are held by Mr. Crouch on the ontroling interest in the concern, and the money will be paid for the stock on Monday Mr. Crouch. who will become presi- dent and manger of the business, stated that the report that the plant was pur- chased for the Beef Trust was untrue, ae The Inrgest voluntary Increase ever known in the wages of workmen has been decided upon by the United States Steel Corporation, The wages of 100,000 men employed in its various constituent companies will be raised. The increase amounts to $4,000,000 a year It In Conferred with Morgan. Clement A, Griscom, P. A. B. Widener and William L. Elkins, who have recently held an important con- ference with J. P, Morgan, Bruce Is- may and Bernard Baker, at which the details of the Morgan Atlantic Steamship Trust were discussed, have left London and will soon re- turn to New York. Wall street heard to-day that at this conference all details of the big trust were dis- posed of. Messrs, Griscom, Widener and Elkins will return to carry out the Instructions of Mr. Morgan as to the execution of trust plans on thie side. By fall the combination will be in working order. It is said that Mr. Gristom or Mr. Baker will head the American Holding Company, Directors of the Chicago and Mibtols are considering a declaration of a stock dividend of the shares now hel in the treasury und then leasing the property to a connceting ine upon th basis of 5 per cent. for both classes of stock Lawson Made a Million, Thomas W. Lawson, the Boston millionaire, who doesn't admire J. Pierpont Morgan, is sald to hav cleared $1,000,000 by the recent heavy slump in the common and preferred stocks of the United States Steel Corporation. Lawson is credited in Wall street with having been a pronounced bear and a heavy seller of both issues, His bearish inclina- tions on Steel stocks were further intensified by his personal feeling in the matter, and he is said to have sold Steel stocks with pronounced vigor. Western Union officials are to fight their ouster from the offices and lines of the Pennsylvania Ratiroad by that com- ny’s manag An injunction will probably be asked for to prevent the Postal Company taking possession of » telegraph offices. Steel Trust's Rival. Opposition to the United States Steel Trust will be pronounced and active when the new plant of the Lackawanna Steel Company at Buf- falo is completed. ‘This is the plant in which Cornelius Vanderbilt has large holdngs. is a member of the Board of Directors and is said to have invented many of the improve- ments which are to make the fur- naces and boilers the most complete, ‘Pho plant will be one of the largest | scheme, and all that is lacking is a It will employ 10,000 | decision from the courts upholding of | the original merger of the Northern Its capital Is | Pacific and Great Northern into the| in the world. men and will haye a 1,000,000 tons a year. $40,000,000. capacity an forme Firms with $30,000,000 have tal or) Hill-Morgan product | contemplates making it a 10,000-mile | It fx organized under Jersey laws wills trust with no statement as to capital jam 7. McMeehan, of W Va, is president of th + ee Short Wall Strect Week. Next week two holidays will short- en the Wall street market, and the midsummer adjustment of loans will be made. The disbursements for dividends and interest will be made, and cal and time loans will switeh about in consequence. It has already been pretty convincingly demon- strated that the men who are abie to check bear raids under ordinary con- ditions do not want prices to go much lower, but bullish sentiment Is too cautious in tone to make much head- way. Conditions are not good for any decided improvement soon. 7 * 6 Net earnings of the American Car and Foundry Company for the divi: dend quarter ending May 31 are in ex sis of $2,000,000, o 8 8 Goulds May Get Reading. J. P. Morgan, who has long domin- ated the Reading Railroad, is said not to be at all averce to the control pass- ing finally to George J. Gould. It is sai. that Mr. Morgan has been asked in a tentative way to take the matter up for consideration. The Reading system has been necessary for the completion of the Gould plans for months, and this is where the next big railroad deal is expected. Rela- tions of the Goulds with the Read- ing have been carefully nursed by the former until now they are on a most of the entire Reading lines is expect- amicable footing. Control by Wabash ed to be the outcome. + 28 6 A dividend of 7 per cent June 39 to stock of record Ju been declared by the United Mortgage and Trust Company. oe ee Hill's Plans for Burlington Road. J. Hill, President of the Securities Company, which, as an operating company, controls the Chicago, Burlington and Quincy, has ambitious plans for the road. If the Northern Securi- ties Company is declared valid by the courts, President Hill plans to spend $50,000,000 in extending the C,, B, and Q, west to Salt Lake and to the Pacific. J. P. Morgan, who created the Northern Securities Company, 18 understood to favor the payable has States James Northern Northern Securities, The plan for Burlington colossal system as soon as possible. Brown Bros..& Co., Hallgarten & Co. and Vermilye & Co. have bought #14,- 000,000 of the new first consolidated mortgage fifty-year 4 per cent, gold Vonds of the Atlantic Coast Line Rail- road Company. ee Gates's Colorado Fuel Fight. Passing of the quarterly dividend on C. F. I, common stock by Presi- dent Osgood and his Board of Direc- tors has precipitated the long smoul- dering fight between the Gates fac- tion and the Osgood element. The Gates party is now understood to be Planning to oust President Osgood both as President and as Chairman of the Board of Directors. The East- ern directors, under orders from Gates, did not attend the Denver meeting. They now claim to hold a majority of the shares and assert that at the next annual meeting they will gain control. Meantime investors and speculators, who fol- lowed the Gates tips and bought the stock recently at 110, are ruefully looking at the ticker quotations around 88. B, F. Butler and A, A. Hasson, of the Bureau of the Mint at Washington, have been sent to the United States Assay Office in Wall Street to count and weigh the $30,000,000 of gold and silver in coin and bullion stored there. The annual cleaning of the Assay Office flues will also be done, The dust and soot will be carefully gathered up and treated for the gold dust they contain. Roberts Rival to Schwab. Percival Roberts, jr., formerly President of the American Bridge Company, who recently resigned as a director of the United States Steel Corporation and as a member of the Steel Trust Executive Committee, because of differences with Presi- dent Charles M. Schwab, is under- stood to be backing a new steel com- pany to be formed to compete with the United States Steel Company. The new company has purchased the plant of the Pottsville (Pa.) Iron and Steel Works, and will remodel it. It will be, when completed, one of the largest establishments in the country. The new concern has pur- cussed large tracts of coal land near the site. ee The Cotton Market, ‘The local cotton market opened bare- ly steady to-day, with prices unchanged to 2 points lower, Further soaking rains fell in Texas during the night, which tended to unsettle the early mar- ket. The prices were kept up by the brisk demand from Wall street shorts and some room covering. After the call prices went up to about last night's bids. Trading was fairly active. The opening prices were: June, 8.90 bid: July, 8.3 to 8.4; August, 8.19 to £20; ‘September, 7.88 to 7.89; ‘October, to 7.76; November, 7.68 to 7.69; De: cember, to 7.60; Janumry, 7.66 to 7.07; February, 7.69; March, 7.68 to 7. BUFFALO SAVINGS BANK STOPS DEMAND PAYMENTS. It Requires Thirty or Sixty Days’ Notice for Withdrawals. BUFFALO, N. Y., June 28—While the doors of the Empire State Savings Bank were opened as usual this morning, no money will be paid out, the trustees having decided at a meeting held yester- day, following a quiet run on the bank, to require thirty days’ notice for large sums and sixty days’ for small sums under a rule of the bank, The following statement has been ad- dressed tu che public: “Phe trustees of the Empire State Savings Bank have become satisfied that through the circulation of a false rumor about the solvency of this bank cer- tain of its depositors have become alarmed, and the indications are there will be a disposition on the part of many to make !arge withdrawals from this bank. We feel that in Justice to ll it would be unfair to allow those with- drawals and have decided to permit withdrawals of sums exceeding $00 on quarter days only, and then after one month's notice. “This bourd believes that there is no cause for uneasiness and believes that the bank ie solvent. Our opinion is re- Inforced by tie statement of the Btate Banking Department, which was made (9 Us upon a recent examination, ‘There was no excitement at the bank when the doors opened, and no attempt awt_a run on the bank. At 10.15 only about ten people were at the teller's window filing notices of withdrawal of their money. PENN. ROAD:'REPORTED TO ‘HAVE STATEN ISLAND NOW, Three Ferries Will Be Run, It Is Said, and New Boats Built. It was reported to-day that the Pennsylvania Railroad Company has acquired a controlling interest in the Staten Island Rapid Transit Com- pany and that that company would establish three ferry routes between New York and Staten Island. New ferry-boats are to be put in service between the Battery and St. VANDERBILTS GET, ST. LGA. ROAD? Report in Wall Street that They Have Acquired Line That Figured in Webb-Meyer | « Syndicate Case. It was reported in Wall street to-day that the New York Central had bought the St. Lawrence & Adirondack Rall- road. This is one of the roads that figured in the Webb-Meyer syndicate collapse, its stock being largely used as collateral for the loans of the Webb-Meyer people. Dr. W. Seward Webb's holdings in the road are said to be large, and it js he- leved they have also been taken over by the Vanderbilts. BANK SURPLUS LARGER. Slight Increase Is Shown by the Weekly Statement. The weekly statement of the Associated Banks sho} Loans Reserve Feauined oe rps George. Another line will run be- tween Whitehall street and Tomp- kinsville and Clifton. A third line is to be run from the Battery to some point along the Kill Von Kull shore of Staten Island, pos- sibly Port Richmond. Such a line might afford Bergen Pointers a new way of reaching New York. SHIPPING NEWS. ALMANAC FOR TO-DAY. 4.30|Sun sets.. 7.34) M Sandy Hook . Governor's Hell Gate Ferry. PORT OF NEW YORK, Lucania Usher Pernambuco OUTGOING STPAMSHIPS. SAILED TO-DAY, Aller, Statendamn, Rotterdam Columbia, ‘6 Kroonland, Ani Gitta dt Torino, Hindoo, Hult. ao. Antwerp. Caracas, Porto Rico, INCOMING STEAMSHIPS. DUE TO-DAY. . stettin, St, Louls, Southampton, .—-Aivano. ‘Hamburg. Matanzas, Havana. ‘Nort: Lauintane, New Orleans, Charged with Taking Bank Fa) ALBANY, N. Y., June %—Frank Jones, correspondence clerk {n the Na- tional Bank, was arraigned in police court this morning, charged with misap- propriating $6.90 of the bank's funds. fa entered a plea of not guilty and war held by the Grand Jury. | ‘No matter where in all the world) His footsteps spry may stray, | ‘The Yankee’s sure to mown" doise | On Independence Day. | Their life was one glad sweet Sing-song, sing-song, They now as strangers meet— Ping-pong, ping-pong | The Glorious Fourth and Why We Celebrate '}A good, old-fashioned, Hoop-la, | Spread-Eagle 4th of July Discourse, | by the Representative American, Senator Chauncey M. Depew, With a Speaking Likeness by Dan Smith. Ping-Pong Love and Ping-Pong Won. A Tragedy of Love, in Which the Cellulod Ball Triumphed Over the Beating Heart. A Maid’s Perver- | | sity That Is Batfling Philadelphia Society. | With Pictures of the Mai | Man and the Monster, Ping: nn With for Rance 5 day World’ | pecial Victorial Supplement King Edward Vil. The Prinee of Wales. A freckledy-faced young man, A very red-haired young man; Not terribly witty, Nor awfully pretty A very ideal young man! in Qolors. Queen Alexandra. Princess of Wales and Her Children. With Toz Sunday World PMorrow’s Senators grow cranky, And all things seem to clash There's nothing in the world to me Like corn-beef hash. | Ghoice of the Pretty Girls of Bay | side, L.1,, and Why He Was Picked from Hundreds of Other Young Men Why the Girls Think He Is Just Right. What Say You # See His Picture and Read All About Him, PHOTOGRAPHS Ail the News of the Summer Resorts. Senator Hanna's Famous Hash Breakfast | and Its Recipe. How President Roosevelt Became Hypnotized by a Wonderful. Dish, and How the Dish Was Concocted é | Secret Process Now Exposed for the First Time. Oh, let us talk of sealing wax And fishes stewed in cream, Of flying ships and ocean trips And skirts without a seam, f Chat With Countess Castele lane in Her Yalace. The American Gountess Spends a Pleasant Hour and Chats on Vari- ous Topics with the Sunday World's Representative, Harriet Hubbard Ayer. An Article Worthy Your Attention. ed “East Side, West Side, All About the Town,” | And, oh, but they were awful sights | When Cholli and Gawge came down, Chollie and Gawge New York. in This Week's “Funny Side,” T. E. Powers's Funny Characters Essay to Show Miss Tootsie Around the “Worst Torn-Up Town jon Earth,” and Get Into All Sorts |of Trouble. Only One of the Many Amusing Things in the Funny Side. She wore her heart upon her sleeve, But all such styles have fled ; To-day upon her sleeve she wears Her monogram instead, Where the Monogram Girl Wears Her Monogram The Latest Style, Its Why and Wherefore, and How Its Devotees Carry It Out. The Very Latest Fad. Fully Ilustrated with Photographs. The Post | Terrible Murderess in , History. A Critical Study of Nurse Jane Toppan, Self-Confessed Poisoner of 31 Persons. Opinions of Experts on Her Mental Responsibility and Various Phases of "Her Case, WITH Special Outing Section woxvrous Double Page of Sporting Features, Society News, Ets. With Tos Morrow's unday World