The evening world. Newspaper, July 17, 1902, Page 3

THE WORLD: THURSDAY EVENING, JULY 17, 1902. WL THE LATEST NEWS OPVIHE BOSINESS Wo0l STOCK BUYING BY INVESTORS. Many Indications That) Professional Traders Have Lost Control) of the Market. TRADING VERY ACTIVE. Unconfirmed Report Boomed Colorado Fuel--Gates Crowd Heavy Buyers of Railroads— Prices Easier in Afternoon. Panking interests are demonstrat- ing their hold upon the presem mar- ket, and the strong undertone which has characterized the buying for sev- pral days indicates the loss of pro- fessional control. | The money situation, the optimt yi tie crop conditions and the other out- ward evidences of improving pros- : pects have conduced to trading which shows conclusive evidence that it is ed on hopes of quick proflis. | » pronounced strength and activity shown by London and a much larger é ply of outside orders gave the which was’ Increased were dealt | ‘and thore ) vances in half a dowen of heretofore 1 cthd jssucs, | ‘ Monetary conditions were considered fine, and the f t call money was easy at 3 per cent. offered traders to broaden the scope of their operations. ‘The strength in the Tr jons Was a striking feature and insiders were ing heavily, presumably on knowledge t of better earnings and finer prosy i for the nearby montas. Jump in Colorado Kuel. In the industrial lst a sensational ad- | vance of 4 per cent. in Colorado Fu and Iron followed an apparently au- thorized statement of change of trol, but a two-point reduction followed as soon as It was appreciated how Intang: ble the report was. Since the close of the corn corner in| Chicago there has been a noticeable fall ing off in demands on New York ba for currency for the West, {s no Indication now that there will be any unusual call until the Inauguration of the crop movement, and this ts an added feature of strength. Uncertainty as to the action of the Acnalgamated Copper directors at the dividend meeting this afternoon caused that stock to lose the early morning advance. It was weak and var fractional Gnten a Heavy Purchaser. Harris, Gates & Co, among t! ra ‘ claities, ‘Lacy wore given ore for manipulat- Jug operations In Chesapeake and Onio eat Vntario and d Erle. ’ promi-taking In the laty part of the day made speculattor ait erratic. bitt mo soft spot wos ruck and ihe recesslons wore not tm: Hi 1. bonds a firm aul praciicaily , sterling exchange w: hinges ti demar was a light de- Road to Success! Paid Help Wants in this 6 6 morning's World, BUT ‘ Paid Help Wants in the 13 other New York papers combined, a ARTISTS 8) macni AGENTS . MEN . BAKER: 3) MILLINERS BLACKSMITHS .... 6] NECKWYAR BOOKBINDERS .... 4] NURSES BOOK KEEPERS 4] operators BOYS .. 43| PAPER BOXES 5 DRABSWORKERS .. 6| PASSUMENTEWIE |. 3 BUSHELMEN + 3) PAINTERS 6 BUTCHERS 6) PARQUET FLOOR CANVASSERS .. ... 3 LAYERS 9 CHAMBPRMAIDS .. 7) PIANO HANDS 3 OAK MODELA “4 PLUMBERS a COLLECTORS POLISHERS 3 COMPOSITORS .. .. 6) PORTERS 6 cooKs , 19] PRESSERS ., CUTTERS ..., 3] RULERS .., DESIONERS + 9) BALBSLADIES DRESSMAKERS .... 13] SALESMEN DRIVERS ., + 4) SILK winpehks, DRUG CLERKS., .. 6] sTABLEMBN ; YAMM HANDS. ... $} aTRNOGRAPHERS . 4| PERDERS + S| TAILORS FIGURES + Ss) TINeMITHS , VANISHERB .... ... 4) USBPUL MEN GNoceRY CLERKS. 5| WaisT HANDS OM .,,, 23] WaiTeRs ... HOveEWORIK 48) WAITRESSES JMPROVERS 3] WATCHMAKEKS Fy JRONERS + 3] MISCELLANEOUS 196 h JANITORS a9 = 4] TOTAL .ss0e5 sever 666 | ’ and nas Standard jfarm ‘questions ‘relative to freight Nt Steel Trust Figures. |the bond conversion litigation pre- ‘davit of the president of the biggest | corporation on earth shows that the miles of railroads and 12 ships, 23,185 cars and the whole worth] jit have 1,467 terminals, 1 locomotives, $80,000,900. many in the list, exceeds in value the entire capital stock of many well-known railroads whose lines ex- | tend through half a dozen populous States, fhe Morhattan Trust Company will pay the coupons due August 1 from the Rope Twine Company's first mortgage on and after that and To Conciliate Farmers. Railroad men believe that goo) re- sults, productive of a better feeling between the Western farmers and the big transportation systems, may come from the forthcoming conference be- tween Preident aJmes J. Hill, of the State. At this conference the 's are going to ask a number of rates. will afford the railroad men an opportunity to talk directly to a large ton | class of producers who feel that they have a grievance against al common carriers, . 8 lors of the Virginia-Carolina sal Company have authorized an of $7,000,000. short time collateral Stork Chemi Issue Affidavits of United States Steel | JoMcials filed with Jersey courts in| sent many interesting facts. The affi- | transportation properties owned by | This item, only one of | Great Northern, and President! Charles 8S. Melen, of the Northern Pacific, and the farmers of Washing- | trust obligations secured by stock owned in the subsidiary companies. Big Electric Merger, William ©. Whitney, Thomas F. Ryan, Thomas Dolan and Herbert Lloyd are to decide to-day or to-mor- row upon the terms of the merger between the Electric Storage Battery Company and the Stanley Electric Manufacturing Company. As s00n as | the terms are agreed upon for the merger of these electric interests, the! dominant factors will organize anew holding company, with a capital of 000,000, which will control the manufacturing companies in the com- | bination. The Electric Storage Bat-} tery Company has $16,249,425 capital stock and the Stanley Company $4,- 000,000 capital stock. se | of the Internation@l Foundry Company. | Just organized under Jersey lawa with tions pointing to a sudden sidestep-| Island people now realize that fact. |)” The Moore contingent has at no time had a majority of the it can't get it. addition, own nearly ali of the} Officials of the Baltimore and Ohto fallroad announce that plans have been approved which will require the ex- { penditure of $25,000,000 in improvements within the next two rs. More than £2,000,00 will be spent for new cars and locomotives alone, Huge Corn Crop Expected. Conservative estimates of the corn | crop for the present year, based on Government figures and conditions now existing, show that it should be 2,589,000,000 bushels. Last year’s} crop was only 1,522,000,000 bushels. | The figures show that all the roads in the corn belt must snow enorme us| increaso in their earnings. The jre-| portion of corn tonnage to total ton- nage in the great grain belt runs all the way from 3 per cent. to 16 per cent., which means a continuance of the general prosperity. j Included in the Hist of incorporators ing power, This assures their re- eee falt maining in control. Reports reeqived at Washington Indl. cate that this year's wheat crop in British India ts less by 28,251,440 bushels than last year, ‘The report shows a to tal production of 224,895,328 bushels, decrease of 11 per cent bank Rumors Denied. that Gaten peo} Jul al, stitution would soon largely increase its capital and surplus. The First National is generally regarded as a Morgan bank, because of its intimate ening to intended to equal if not exceed the ’ $10,000,000 capital and surplus of the Rockefeler bank—the National City, were urned out making: : 8 QUOTATIONS, Shages. High. Low, Clos 9.50) Amalgamated Copper. 8 4% He 40) Am, Agr. Ohem, 2 Bs, Wh 100 Am. Agr. Chem. pt. 86 86 a6 3) Am iaorele te 6 1S 1st 20s” ho 4 2.600 Det WA) Diath 800 Dstt in ) Duluth, B $@ A aw wc of. trle } Fuller €o Pull, Co. pt vf. Silver lowa a! 1 fowa Central nf 10.10) Kan, City Southern 1.hoo Kan. City. South. pf 120) Lake Yrle & Went Yang Island. eee of Jersey Central. Norfolk & Western Norfolli & Wi ) Peorla & 400 Premed Hier! Pullman Pale Y Thead ing ay Pavifie Ratiway Railway. pt Isl 21100 Bt U0 HL. Joo & G. 34 pf. & Han Mean, & 8. de pt I. @ 8 OF 8d pf, 4000 mM BL L&W. pf. "1, Pipe BOO. 1 Pipe pf Yo Un. Bag & Paper 37,400 Paso sssyscss * j ment of 4.500 Wheel, 600 We eu 1 is? ‘The total sales of stocks were 134,900 shares and of bonds $5,100,000. oe | CURB MARKET FIRM. orthern Securities in Good Dee mand Outside Dealing. outside market opened firm and Northern Securities was strong | and in good demand. The stock sold up | to 105 8-4. Manhattan Transit sold down + | from 71-2 to 7. Busta ODay gu the active stocks at the opening wer Ask By in American Can American Can pt Manhattan Trans Mk | American Railway Securities Are Buoyant and Active. The | strong London market became verv and active to-day tn all depart. | ments. There was a_ steady tone roughout. ‘The good condition of t | market 18 due to the excellent monetary orn tho department for Amerioan ra securities tra of tw jest Kind th July The weekly state Bank of England shows the oportion of the bank's reperve to Ma te f0400 per cont, Last week it “Giscount ts unchanged at O’NEILL’S Clearing Sale of Men’s & Boys’ SummerClothing “losing out all surplus stock previous to inventory at greatly reduced prices, Note these Matchless Values! Men’s Black Alpaca Coats, Sizes 34 to 44, regular 2.75 quality, 1,98 Each, Men’s Bive Serge Coats, All-wool, 34 to 44 sizes, regular price 4,50, 2: 98 Each, Men's Two-Piece Jersey Bathing Suits, Regular yalue 4.75 to 2.25, 98c and 1.25 Each, Boys’ Wash Suits, 3 to 10 year sizes, variety of styles; regu- lar price 1.25, AIc Each. Boys’ Hats, 8. Btoel oo... y 8. Bteel pt. i Closing out Boys’ Straw Hats, hereto- LOI 1.25eeeeeeeeseeneees 296 cach, Washable Tam o' Shanters and Sailors, heretofore 59¢- 25:. each, ih 6th Ave, 20th to 24st St. cig TO REORGANIZE ASPHALT. and 614,000,000 preferred stock, This will provide a working capital of $2,250,000, as $4,500,000 of \phe comenon siock is said to have been subdseri for by one person, who will pay for ic on i Great Sale of Shictwaiste! At the W G h with pet ly market ee CORN STRONG IN CHICAGO. Price Advanced im Buying by Har- Gaten & Co. 1%.—Corn relations with the great financier's) 00 TIM firm, and the statements, thus suc-| 4. siren canal an cinctly denied, set forth that the bank], day contract 105 cars ay her cont growth, as well ax for movi Sold Out—Gates Reported rimdness on the part of one of tho) N members of the big poo! Acconling t othis story stock, and jcould not resist the temptation to sell The Vanderbilts, in|“! ® cents, ings go at that figure. When this $12,000,000 of bonds which have vot |lated, Ilarris, Gatos & and let his enormous hold- + was discovered, expe r that, they may still take a whirl in tae | 4 hicago and the news that Harr s, \Gates & Co. were purchasing. il street office no one would the Receipts continued very mourrting to 492 cars, of which Corn-> Private elevators 3-4 to. and22,0) 0 bushels, i July, 66 to total of over 400,000 bushels of inued ants aa Be firmer on Boerne, Iron sharos opened ___ Great Sale e af | Shirtwaist ! ©Neill’s An Unparalleled Offering of Its chnaged its plans and ap; o Its deal. The ¢ ‘Meago dispatch continu 4 Inactivity GOSSIP IN AND ABOUT WALL STREET. §)-CENT CORN WAS BIG OUTPUT OF TOO TEMPTING? 193 delivery, one for malleable and the} tn nie report, filed Just. before hie Foties foundry i which together ghution was accepted, Mr. Tweed! vim member; amounted to over 89,000 tons that (he defleit in 1 ope pik Iron production of July tn y the result it is extim: will fall off rovailed to and from the or 8,000 tons, from Central American ports it in y who had , salon of NAM te have been made in t year WL all the hindrar Hon of fron Keepa u os to Heute mw tons, which Tlie the hi ediate futur faces and. foundries ——— The Wheat Market, jem both of Harris, liscuss the concerning the corn deal! The wheat market to-day opened quic = i + of M. ¢ ‘ ity ane OMctals of the First National Bank |the firm. who is now in Ghleagns ay. ANd AteAAY, Cables were weak und nui have definitely put a quietus upon re-} Mr. Harris, “and she ts the one wih] or a was favoretle. but the cent unauthorized stories that the In-| publications abtai.r OF NOTE Aue) was very Little resstre on the mar Ovtside ma. kets wer inter thore w ratiy WAN fem at the ope the September optle rading was York's | around. Cor; 6 t lees were 1-4 to. 1 3-8; Whea De is Decernber, S bid Ghiougu's opening nricew were uy Brat y i was May floor at the the were: 8D excellent fi The room was r uneasy owing to the a rings: tat a standstill, opening: Aes? were: July. Shirtwaists! The entire stock of one of the best makers of high- | Lot No. 1, 500 Lawn Waists, tinely tucked and hemstitched, with inlaid Valenciennes with ele; Lace, (Regular Value 2,25. All perfect shapes, elegant embroidered fronts! and fine hemstitching. goods that were a trifle late in being finished. to this delay in their production that we are enabled to offer them to you to-day in four big lots at Less Than Half Regular class goods in New York goes on Special Sale to-day. It consists of over 5,000 Lawn and Batiste Waists! All new, clean, re; { Prices! An offering unequalled by any house in the city of Sale Price 1.00 Each, Lot No. 1,000 Swiss Lawn aists, with clusters of fine tucks, inlaid Valenciennes lace, or fine close embroidery, hemstitch finish, (2° Regular Value 3.50, jb inon and Batiste, in white, tan, light blue and cream, | Sale Price 1.49 Each, New York this season, 2,000 Lawn and Batiste Waists, Note the details: ntly embroidered fronts, tinely tucked and hemstitched, Em te’ Regular Value 4,50, Sale Price 1.98 Each. 1,500 Extra Fine Waists. broidered and hemstitched, made of tine Swiss (2 Regular Value 5.50. Sale Price 2.50) SIXTH AVENUE, ‘20TH TO 2sST STREET. gular mate t is owing IRON FURNACES, ® capital of $5,000,000, are many well- Known finance * 8% | Can't Shake Vanderbil's, Story of How the Corner Was Heavy Buying in Chicago Dis-| Elected to Succeed Charles There are many surface indica~/ Broken by Member Who trict Noted by tron Trade} H. Tweed, Resigned—Mr. Review—Uncertainty of Sup- ping on the part of the Moore faction, Byyi i i ' i & ing. lies of Raw Material, Company's Business, in Chicago and Northwestern, which ying: P pene explains the evident effort of specu- lators in that property to secure thelr! An envirely new story of the reason) CLEVELAND, 0, duly it —The tron] Piwird He Harriman, ANA ah profits. It is very evident that the| fr the sudden collapse of che Gates Trade Review. tn ts current dane, has {Mttte as boon cletod ie Moores and their Rock Island fol-| Sv") in July corn vie given Wail] this to say ef market condit Reet CRIDER ATA DeatO by a 2 ; treet to-day ina Idespatch from | There har een heayy buying of pig} Sjocey | OMT . lowers have been worsted by William | sniago to the New York News Bureau, | iron in the Chiengo district In the past TUis MALO UDRLIND Tween awaken tolbe | K. Vanderbilt in the fight for control) This story tei tn detail how the bub- | week. a total of 190,000 tons deing tr-lresieved of the du n be of Northwestern, and that the Rock |! Was pricked, attributing {t to fala! ported, including two transactions for | cause ot nls (eatery Innath reports 49,000 oa ranging from 1 having The uncertainty of | supoites of raw material makes the jm- for fur- somewhat off, but | Shorts bhi up| Dire After the Beptem'er | rectors t 74 1-8; Beptember, July em: | |ment fom the ‘nferior, and statistical | Sf rhala wl Very bearish reports 1 Seng TE DI Plans Are to Be Announced To. These conditions, however, had no waent ni) Hires a 4 ao | wWearnt with the shorts when’ the Har- her oe ARH Morrow, It In Said, jte-Gate crowd begun bidding up Ju i Plans for the reorganization of tne | 0) ons Ute peed tel ML SL | —=— National Asphalt Company are to be|h'g Weiate near ne ly, Rr atat ‘The Cotton Market. announced to-morrow, it is sald, 651-2, September local cotton market opened duit| It Js expected that the plan will pro- “4 lower to 1-841-4 higher at | eo-day, with prices 1 point lower. to vide for a total capitalization of $31,0%9, And ieold be ane ir pare | Belnts higher, |The early deulings were 0 ; 4 Rea TRO h net ent ¢ fe char- 10, of which $17,000.00) will be common wed and that | cine’ Pace nee Apres a char and ely ot After (he rise the whole mar- { beenme very dull and trading was 8.70 to 3 io ine oaraa teaae ewlhe te AKU, September, 8.08 Rebaeas of percent, fa r from the United Tetobers Lae te 191; November ig io LE Ghcamare nae nd also to the improvement, iu] 7.89; December, 7.78 to 7.7%; January, 7.79 celve the new for thelr common and Before tie. clone | tt Ask head Hae to Tier referred National sock on the duels} on account of the absence of support ‘| tm P.M of 30 per cent tor the preverred ant 3| Canad H aS Toor Ma eek | HARRIMAN HEAD OF PACIFIC MAIL. Tweed's Statement of the 1 As head of the comeany Mr, Harrimay fds himself ina position to compet With bie rival, dames J; HIM, for th » plant Morgan-H IL Pacifl which is billed to fo! at the Atlantic Shi USUAL CO>PER DI )>PER DIVIDEND. Deelare EeuaEelay Qunr- Malt of One Per Cent. lar mee of t the Araaigamate thie 9 Avidend, orn terly ' if it Copper regular of one halt 1 that the 1 this time hern held that the regular divi: wld be declared. while ¢ Wend w | | ARIETY, stylish ness—these are V from all other shoes s You can get exact | | | | made; and yet profit t unmatched elsewhere, Zen's Shoes At $1.20, from $2,50- Enamel leather Shoes; flexible sewed: good weight; toes tipped; solid leather through- out, At $1.90. from $3— Kidekin, box ealt and loather lace; smart styles; light walking: have the grac fauchos of exclusive ahveniake ing. At $2.40, from $3.50— Tatent coll Oxt swell] whi 3 Upped; clos efitthin | he rd At. $1,50, from $3— Tan Shoes; made of fine brown kidskin nnd caifeking some bi evyele cut; Mexible soles; extra low heels; made purposely for] recreation wear. At $2.25. from $3.50-~ Hundreds of pairs of choice iT » call anid kidskin lace model lasts; smooth and Your equipinent of out- Ing dress Ix Incomplete without a pair of these shoes, Boys’ Shoes At $1.10—Hine calf, stock extra henvy; made for resisting | bumps: with heels and full toes; Khapely lusts; sinew Ze to 5, at B10. at $1.90, from $2.5 anni tipped; weight; kolok of extra honest and cout Tennis Shoes at $5c In convas with rubber pewed ony for by ir try wear, all size | Women's Shoes | At $1.30, from $2-—- | Black kidekin lace narrow Coen lp welght soles, Upped; medium dress heels A seashore where scripuive Store Closes. Dally (Except Saturday) at 5 P.M, Saturdays at 12 o'clock. Friday’s Offerings of SUMMER SHOES| | In Our Under-Price Store tinguish Wanamake can be sure ‘that it is correct in style—you can be sure that the Here are timely offerings for to-morrow; JOHN WANAMAKER Formerly A T, Stewart & Co., Broadway, 4th ave., 9th and 1h ea you don’ you do, World's Vacaon Bureau, No, 188) and they'l! locate just the place and there is no charge for the close stamps for the postawe. it Ie but He Declined to Be terviewed—Long Fight: Company. da © have the control of the Fuel and Iron Company and. will our board at the next regular meet At the office of Harris, Gaten @ | Mr. Gutes could not be seen, port {s correct, ind bitter fight for contro} of the erty between the faction headed by President Osgood ana the Gates cme ‘The stock has been so frequ “rigged in the market by lutors that Wall street is ohary, of. cepting any statement concerning best of authority At the last meeting of the asset in Denver, Col. all the Gates Le refused to attend, and took. no (since then the contest for j dey has waged more bitterly than be- fore 4 a Grain and Provisions. | Liverpoot Ee American mixed, September, 5s, Western, firm, ‘hort cut, 14 to 16 Ib, Cumberland, cut, 26 be 1; short rib, 16 long crear | sighs, | clear mula 16 to : cleat bellies! 48 40 shoulders, 11 to 18 ness, real shoe good- » the virtues that dis- bargain shoes | old under-price. ly what y ou want—you | shoes are onenete »y such saving: 3 as are. Women's Shoes t $1.60, from $3— brand-new lot of women's — shove; fine patent. leather vampe, with kid tops; Nght tarn oles: narrow ¢ toc-shapes; pretty the sort of shoes for A 1.80- if on" back, idskin Rog putton and lace; gor Kiupes: sles ot cee iagthaae sen ds with o , view to flexi.” bility, stare cl shapely, Good for Summer rambling. Women's Oxfords At SI, from $1.50— - collection of brown. goatskin Oxfords in this Summer's shapes; ight turned soles. The proper thing for saving your | patter shoes, or for morning dress. At $1.20, from $1.25— Auother shipment of women's Diack widskin Oxford tipped with patent leather others with kid thps; no gap: tng at ankles; snug-fitting. Children’s ‘Shoss At We, from $1,50— Black plunp Kidwkin, with round toes; solid leather soles; flextble hewed; nizes Sh to 10h. At $1.20, from $1.50— Girls’ black kidskin, lage and bute ton; sturdy and dressy; au Weathers; no composttion At 90¢—More of the Tan Shi the youngsters, In lace any 1 wizew to wtart with; ines, $1, ter Vacation Pi or in the mountains, or boty t have to dress for every Just as you prefer, be matter,