The evening world. Newspaper, July 18, 1902, Page 2

LS WORKING olume oT Operators. New Deals Thick. Every news development to-day was favorable to the continuance of the bull campaign which profession- al.operators are assiduously promot- ing to get the public interested in the market. To-day’s booming sales, with the Yolume constantly broadening and) 3 he aggregate beyond the million- ) slinre point, was the culmination of alfmovement which has had some of | the characteristics of kangaroo bunt- | ing. There have been fairly bewildering to varlous pools and syndl actically in harmony to achieve mmon end pliblic, Bome of the biggest interests in the financial district ave helped along the | a strong un bull campaign and giv pfiying tone of contd nee by heavy investments in many of the best | lection. diyidend vayers while we upward move ment wus in tull swing Commission houses had a suostantial | ern wire houses day's business and Wes reported out-of-town operators more bullish than even the New York ele ment. Hondon was an a tomer and boux sues. Its ro d heavy cus y of many ds buying orders. ‘The raliway ust day's activing The Grangers place at the i Soft coal stocks venuilied by the de- elsion of the soft col minews uot t strike. ‘The report that Pennsylvania had av Quired contro! of He eal off confirmation, but {1 in big buy Ing and a strong 4 vania, New York co Reading soi under system nike Ke Pen organ inspiration waa the source of) Steel is- Sues, and some of the ord Gay were cabled from fled to. oftetakers had no trouble in getting | out of some of the Isues that have been advanced without causing any note: worthy reaction The upwanl move: activity In Southern Hallway was ited to the Standard Ol group surently orted that rearrang jons among Morgan group ana < other Hnes In the South was | fap ‘Way and would result in financtal benefit to all The heavy transactions in Pacific were credited to nen RK Keene's Heutenants, who were supposed | ft be acting under orders cabled from abrond Call money broke mark and for a tin per cent. with he ni ne @t 3 per cent ah ‘Bho time money market wis Secldedly | h easier. Some large loans made this week at 4 1-2 per fix, seven elght months, Mog market finn, with change ahout as yesterday ————— BIG BUILDING COMBINE. Report that $60,000,000 Corpora- | on Is Being Orga Tt was Futter came the » Gitate financial corporation with a cap! tal of $60,000,000, zed An oMictal of the company said: + Any matement wh we would make now would be premature, We can i er affirm nor feny the reports eit — The Wheat Market, The wheat market was moderately ac. tive at the opening to-da , About equal to last igi Was inclined to be bullish Corn was firm at the opening and! gained strength later with the tent m me market, New York's AT prices were: D hid; September: Gornageptember! MTs: Bue Sa | — May, 801-8 December, 77 i May. 483-4 bid. eH rei to Tee. Genie 3-4. Corn—May: "41-8 to, 1 July AT t9 471-8. New wheat, ® 3-4 nomi: December, 777-4 vl Market. i iide d extremely di Curious About Reading. A question very generally debated in the financial district 1s what the Reading Railroad will do concerning the sem!-annual dividend on the preferred stock due If the dividend is de- clared the obligations of the voting have been met and UP STOCK BOOM rading Is ‘Steadily. on the In- “crease Under Skilful next month. make public the real ownership of the property—a much mooted point now—Dut all the indications are that RAILWAYS ARE IN FAVOR: and the power of the voting trust will Grain Carriers and Soft Coal- ers Most Liked Under Pres- ent Conditions—Rumors of y. that the strike has so eaten into Reading's income that It will be justified In passing the divi- TDSBURG, Pa,, July 18 —The stogie manufacturers of Pennsylvania, and West Virginia with but one excep- a combination and been granted a charter by The combination will States Cigar | It $s capitalized at $2,500,000 will preferred stock. have formed State of Delaware, jway are given the first opportunity to of Minnesou i be cumulative Tax on Bank Profits, When Secretary Leslie M. Shaw re- jturns to Washington he js expected ips from stock to!to direct collectors of internal rev- stock, and issue to issue, which have! enue to commence at once collecting undivided profits of na- The United States Cir- Pe tne [cuit Court of this State has sustained jthe point that for taxation purposes | undivided bank profits were a part of the surplus and taxable as such, and their |the Treasury will try to compel col- New York banks will appeal se to the court of last resort, but the working : | tlonal banke, GOSSIP IN AND ABOUT WALL STREET. so that the matter may be in disputes vestment buying they will soon have for three years, to take the place of the present list- oe leaders, The Jorle has taken steps to avert the threatened passenger rate war between] The New York and Portchester Rail- Chicago-New York roads by cancelling | road has finally won tts contest with {tw notloe of exourston rates from Chi-| the Board Aldermen of Mount Ver- cago to New York, Atlantic City and) non and has succeeded In getting a astern eummer resorts, ‘This is ex-| right of way through the town without noted to put off the impendsig rate trictlons that were sought to be Im. wa 5 ee md, providing for @ ten-cent fare. Too Much Rain in Kansas. | Rookeretlers cane Gould, Kansas crops are being more se-| John Pp. Rockefeller and William verely injured by the wet weather! Rockefelles lave purchased nearly ny other section. It} yon 9n0 ha of Missourl Pacific that 10,000,000" bushel®! stock within the list two weeks, tak- of wheat in that State have been) ing some of it at the high level of the ruined by the rain. Wheat is rotting | present movement. Wall street is in shocks. The estimate of the State's | comewhat puzzled over their apparent corn crop, however, Is 200,000,000] pagerness to secure the stock now, bushels. Snow's estimate of winter! pecause they have had many oppor- wheat for the entire country is 425,-| tunities of eequiring it at much lower 000,000 bushels and spring wheat,| figures. 11 1° the general belief that 300,000,000 bushels. Corn is est!-| they have joined with George Gould mated at 2,600,000,000 bushels and} jn his pian for controlling a great outs at 875,000,000 bushels trarie-Continental system. Stockholders of the Union Pacific Rail-! Both litigants In the case of the State $400,000,000 y have rare subseribe to the $31,000,000 ad issue | Northern whieh has been fin Kubn, Loeb | agreed to submit to jurisdiction of the & Company, to pay Northern Pa-| United States Cireult Court and will! elle stock bought In the big “corner | enter appearance the frst Monday in of Inst year August. They will then have thirty . * | days in which to le thelr anewers, After Dividend- Payers. ‘3 M A feature of the present movement | Borrowing Abroad in Wall street 1s the Investment de-| New York bankers, anticipating the | mand for long-tested dividend-pay-| Autumn movement of cropa, are bor- er’. They are being gradually | Towing heavily both in London and worked 7p to exceedingly high [evels| Paris. Millions of dollars are also from the standpoint of the speculator| being secured in Berlin. All the and are being withdrawn in large! ™money thus volume from the market. This in a| Mset largely by the export move- measure explains why many of the, Ment of grain heretofore :ather neglected fesues are! the balance sheet is expected to be being looked after with more consid- eration. At the Prerent rate > of in- | negotiated mature borrowed will soon be and pre in favor of the American contingent hefore the European loans now being | ? THE QUOTATIONS, # t pessiinistie tone had all vanished and ite chief orders were 1 their tal 21,000 Baltimare & Onto ance Jn Pennsyl- ral alsy advanced on the theory that all the ble trunk Mne systems would be helped by the yatrol of a big ot 9 0, i Brooklyn Hap. Tranale Tr i 1} | floner Shields, on a charge of the im- cl manded to the Giudlow Street Jail in de- ‘Thursday. Hast night, on information furntehed by | errant 1, D. Levins, who wrote hls letters for vuthern | low the 2 point quoted at 21-2 Uk oof the day's Toans to tide over until Monday made 110) Disettiing ce Corey with over 1, | Corey with the swindle of over 1,710 enn | Persona tn the United States who eavh FAMILY IN SAD NEED. | dler had an oMfce in a Broadway | and after making love to the diughter| A pitiful case of destitution was dis- wid to-day that the George A Sunstruction Company would ve. cleus Of a building and real Long Island City People to See WN | sioner Lindenthal'’s inspectors to pass | Prices were | 0%, uay}on the masonry work of Contractora nt's final figures. * Outside markets wero fairly strong and | sentiment here after the first half hour | rewider®s of Long Island City, and at a # pPcning prices, wore: Wheat Maye th to Septem: | tember, Gi 1-4 to 611-2; December, | York's closing Reotents were: ft | | 5 wi 8, July | | Western, firm, s% 64. Hams—Sbort cut, (4 to 16 lbs, firm, 61 j tun | short rib, 16 to ‘The loca! cotton market opened advil it ateady to-day, with prices 1 polit to polnts lowe: Trading was @t 4 standatiil, and prices changed from yester- There was nothing in the news, and tho carly market was @ny feature, After the call Mitte change, and trading fe: = TRYING TO TRACE [cose microns tare of Ontalde Dealing. | | The outside market was strong, but | the volumy of trading was ight, United | Steel 5's were $10,000 | States worth selling ‘Transit was in ¢ strong, jand around 7 1-2. Federal Officials Think Pris-| @imtations for the active stocks at the opening were oner May Know of Drake In- ig Asked. heritance Scheme, by Which ii) *" Pee H Many Lost. « B. YW M N George G. Corey, or Wiliam R Wright, as the postal offictais call him, |who I belleved to have operited a 1 : | kigantic Inheritance swindle netting him |‘GREATEST SUMMER RESORT’ sjover a half million dollars, was ar- ralgned before United States Commis-) Passenger Agent of Wabash Thas arncterizes New York, ST. LOUIS, Mo. July 18,—General Passenger Agont Crane, of the Wabash Railroad Company. issued a statement to-day giving the position of that road in respect to the war of rates that {8 In between BL Louls and Chicago and the East He sald: “Lf our competitors desire us to withdraw éxcursion fares from ‘Chicago and St. Loula to York | proper use of the mails, amd was re- fault of $1,600 ball for examination next Corey was arrested In Patterson, N.Y, him. The arrest was made by Post- OMce Inspector M. 1. Boyle. The specific charge is that Corey at- temptel to wecure $200 from Peter Gale,| ity, they must firet withdraw Atlantic of Peekaski!] Hollow, near old Fort Ore- City excursions, kon, through representing to Gale thut} «gq long as excursiona to Atlante jhe held the original Drake deeds to the! ciy are run from these points by other property on which Gale was conducting) jines, the Wabash will not only quote a farm, threatening to oust Gate if he| exoursion fares to Atlantie City, but to jdld not produce $200. New York City as well, which we claim | ‘The Federal oMcials want to connect} iq the sreatest 0 persons tn the} world.’ summ paid $20 to share dn Che $40,000,000 esate auld t Dra Haye been loft by old Adimral 7 de the Getigh Mary. ‘he awin Poxnensed and Had Little Food tel, for Several Da: of the principal claimant hu securid the) covered by the police of Jersey City to~ | support of the others day. Mrs. Maria Murphy, thirty-nine Co has figured frequently before| years old; her children, Marla and Jin numerous trasactions which got him] Elizabeth, seven and four year, and her Into trouble. mother, Mrs. Bridget Miles, seventy- —$——— five years old, were found huddled to- wether in @ lot on Jersey avenue. y were taken to Police Head- rs, where Mrs, Murphy said that formerly lived in New. York, PROTEST AGAINST DELAY. Mayor Abont Bridge. | All work on the new Blackwell's Isl- | time and that they had been sel from thelr home, She sald ments, All were given in charge of the Voormaster, ——————_—— » & Parker. ‘The suspension of work han aroused | DIED OF OLD AGE. £ smeeting @ committee of forty, endan of R. T, Payne, Came 1 by Borough President Cassidy of <Lived Family, and ex-Judge Lolen Manley was ap Pantie pointed to walt on Mayor Low next} pagsalc. N. J. Monday and protest against the con} eonmiat, ol Mre Johanna cighty-nine years old, the duct of the Bridge Commissioner lneldeer eeighiwadaniowmerenian (alasiat ———_—~ |her home in Lextngton avenue, here, to- Liverpool Grain and Provistons, |day of old age. Sl 8 direct de- TWIORHOOL, oui meal + indunt of Robert ‘Treat, Payne, one of LIVERPOOL, | July 18—Cloalng= | ie alunera of the Declaration. of Inde- Wheat—Bpot a Spring, 6s. 21 6 184.5 futures No, 1 Northern | pendence. Mra, Schmidt's grandmother 1, No. 1 California, 68.| lived to be ninety-two years old and her great grandmother died at the age duly nominal: | os Hundred ant three yeara, The September, Gx 1 8-44; December, 68.) f:noval will be hekl on Bunday after. 16-8 Corn—Bpot Arm—Amerloan mixed, | hoon, Mrs, Sehimldt left a large estate 6s; futures quiet; September, ba, 2 B-4d., we | October, Bs, 2 14d. Pork—Prime mess./y, §, Not Invited to Anti-Trust, Bucon—Cumber. Sonterense: Wbe., ntrong, ble, 64.;| WASHINGTON, July 18—The Goy- Y., ‘strong, 609.; long |ePAMent of the United States has not clear middjes, ligit, 2 sto a4 lbs, firm | Tecelved an invitation to participate In Sis, 04.; Jong clear middie, heavy’, a 10 | the Anti-trust, conference proposed by a ' G the Czar, The Government was not # Ibe, dirm, Os. 64.; short clear backs, | concerned officially in tho pternational 16 to 2 Iba, firm, 666. 61.; clear bellies, | Sugar Conference at Bru: 4 to 16 Vos, strong, 039. Bhoulders— Square; 1 to 18 dbs, fem, 478. 6d. cut, 26 to wrictinn tat te tt &| CASTORIA For Infants and Children, 0) Weat B10) Wheel, & 400 W. & te 1.900 Wal. E 40 Wis” cen Bears the tH, See. Signature The total sales of stocks were 1,042,500) of THE WORLD: FRIDAY EVENING, JULY 1 HE LATEST NEWS OF THE BUSINESS WORLD PENNSYLVANIA HOLDS READING? Unconfirmed Statement that Majority of Latter’s Stock Is Controlled by the Former— Believed in Street. med high oftic yivania to in- ‘olling Interest, me official was further quoted as saying that the holdings of the Penn- sylvania some time ago warranted a Reading board of but this was and through purchases sentation In the least three members, not sat'startory, several big blocks by individual holders the controlling interest had finally been Wall street believed the story to be » secured in the financial dis- . but stock of the : some time that the Pennsylvania p Co. hela jointly practically enough stock e well-posted ¢ Philadelphia ent was correct and authorized. 0: : houses in the otigulry at the b ne m the news from | failed to con Local Banks CASSATT-GOULD FIGHT INTERESTS WALL STREET. Former's Resignation from Trust Companies Believed to Be Due to Railroad Rivalry. Officers of the Mercantile Trust Company and the Manhattan Trust Company authorize that the resignation of A. J. Cassatt, President of the Pennsylvania Rail- from. the directorates of these institutions is without special sig- nificance, “Mr. ©: board rv sald a Trust, road, however, tlons Goulds, because of the bitter rivalry of the Wabash and the Pennsylvania, were primarily responsible for his leaving the Mercantile Trust Company directorate. nm is regarded as closely allied with the Goulds, and the business rivalry of their roads with the big sys- Cassatt is the head embarrassment ‘This inatitut tem of which Mr. | und the directorate. Following directly on the heels of this ymes a story to-day showing how the dPennaylvania war Is being waged. In retaliation for the invasion of Penn- vivania Local banks have isions, so that | from the Int POLICE GET DELAY IN SHERIDAN CASE Counsel for Three Men Sus- pected of Killing Detective Sheridan Wanted an Imme- diate Hearing. 1-2. Manhattan | Frank Donnelly, on suspleion are under arrest, of having been concerned | in the murder of Detestive John Short were arraigned before \ , io Long Island Cit and held without bail tor Lawyer Powers appeared for prisoners and demanded in their belal! rested on suspicion he was entit a prompt hearing The Magistrate to make a full Investigatic that the police would have th aMdayits on which to hold the prisoners, on Monday next 1f remanded until then, | Previous to the calling of the c Inspector Thompson gave of Long Island City hustling qualities jammed and he personally, officers, cleared it in a twinkling "Get out of earn am honest dollar,” ——— SHIPPING NEWS. resort In the] was his slogan. | PORT OF NEW husband had been out of work | Citta al Milano . a z i that they had had almost nothing. to | ¢ gy | ANd Dridge will have to de suspended be-| eat for meveral days, and the appear | cause of the refusal of Bridge Commis-| ance of the family bore out her state- INCOMING STEAMSHIPS. Sabine, Galveston, Monterey, Havana, . Fuerst Dismarck. OUTGOING STRAMBHIPS. BAILED TO-DAY. Arapahoe, Charleston, Colorado, Brunawick Cymrle, Liverpool, Caribbee, Berm: Lauenburg, Inarua. USE ALLEN’S FOOT-EASE, A powder to be shaken Into the) hoes, Your feet fee] swollen, ner- yous and hot, and get tired easily, | If you have smarting feet or tight try Allen's cools the feet and makes walking Cures swollen, sweating feet, | ‘Phe proof of it will be found in the appended list of attractive originalities in this broad land of ours, will you find such a variety of popular. well-made, dependable sweets? SPECIAL FOR FRIDAY ONLY. 10c. sree, PINEAPPLE FRUIT HONBONS, SPECIAL FOR SATURDAY ONLY. CHOCOLATE, WALNUT ANJ) GLACE FRUIT FUDGE..,, SPECIAL FOR FRIDAY AND SATURDAY. BUTTER PHANUT BRITTLE,. ASSORTED FRUIT AND NUT CHOCOLATES, sooTon KISSES... HEAMED GRENOBLE WALNUTS. ingrowing nails, blisters and callous spots. Relieves corns and bunions | of all pain and gives rest and com- Try it to-day, druggists and shoe stores for 2b5c, Don't accept any substitute, package FREE. Address, Allen 8. Olmsted, Le Roy, N. Y. WESTERVELT & DEMAREST 202 and 294 Bloacker Street, cor, Barrow MORROW (SA TURD. EXTRAORDINARY VALUE Sold by all The Kind You Have Always Bought | ro- Ano! Baltin Ponnaylvan ing. George Gould and his associates have thy ai contre faryland the B Wee much ineom ils i now t sue ae in Philadelohia. The the statement satt's resignation from our ally dates some time back,” director of the Mercantile “and the belated announce- ment of it has inspired foundation- less gossip.” An offictal of the Manhatan Trust Company sald that Mr. Cassatt was such a busy man that he was trying to ease his business burden by getting out of some of the institutions in which he was interested. Great Ratlroad Rivalry. It Js the general opinion in Wall street, that the present strained rela- American Securities Buoyant with d its agents > from the Gould Ines cived | wherever and whenever posalble. jer has also been issued to the ng it to turn over heretofore been giv ig the Western Maryland to the Read- of the Western and the business It re and Ohio was # source of |, got from | internationals were generally main- a 1 the Boerge to-day, — Iron xomewhat easier a an ble report regarding the Amert- be cut off by th en ur eat \ be of complete stocks for s disadvantage. to sell reliable goods at remarkabl low prices, but the sale of these stocks left us with many small lots, All of these, together with our own high grade summer stock, will now be un- loaded—virtually dumped out at these Startling Prices. |'race” Boys’ Suits, Bn? True, it en- Men's Suits. Men's All-Wool Fane: and y » now dumped Gurnped out at. $400 Fin ¢ and Chey- jot Suits, 2 or 4 pleces, hey. 2,48 te Latest si Wi breasted, wted single or dou- | wm | Men's All-W $3.00 en" trousers 24.00 F Clay Wornteds “e 4.09 Finest Clay $6.00 Men's, in “UO Trousers . s Mibok ofthe sik lined. Straw Hats at 34 Price, 5 HATS.27, 45, .6, .88, “Shoes Dumped Out at Proportionate Prices. Wo, DOWNTOWN CORNER Third Ave. Open every evening till 9 P, M.; headed by Mr. Cassatt and George Gould respectively has been going on for) months, It started with the development of the | plan by which George Gould proposed to give the Wabash a tidewater outlet and a seaboard terminal that would make it a powerful factor among the Eastern group of big lin At Baltimore the Goulds won a no- table victory over the Pennsylvania and the Reading by acquiring the Western Maryland after a hard fight. In Pittsburg the Goulds also won a decisive point in getting an entrance into the city over its own tracks, and also secured trafMfic relations with the Carnegie Steel Company, which means thousands of tonnage of freight a year taken directly away from the Pennsyl- vania, On its part ihe Pennsylvania bit the Goulds a hard blow by its stand against the Western ‘Infon Telegraph Company and it has obstructed in every possible ‘way the Bastern plans of the Goulds. John D. Rockefeller, Wiillam Rocke- feller and Andrew Carnegie are active allles with George Gould in both his Plans, which have for their broad final scope the extension of the Missourl Pa- cifle west. from the sissippl_to the Pacific; the extension of the Wabash east from the Mississippi to the Atlantic seaboard and the unifying of the two into one great transcontinental system. This plan fs nearer consummation than is generally known. Inconsequentlal links on both the eastern and western halves of the system are all that are necessary to make it complete. LONDON MARKET STRONG. Continued Activity. The London market was active and strong to-day. Consola were weak as a result of Hquidation of a large Parts account, In the department for American Rail- way securities there was a continued y ‘The whole lst was buoyant and at a substantial advance over the ing prices last night at New York. African mining securities were y lower. Rio Tintos sold at Iron Shares Easier on Boerne. BERLIN, July 18—Home funds and n iron market, Absence of business raused a general sagging tendency. Canadian Pacifics were harder on New York advices. LAMBER MIDSUMMER JEWELRY ee is rea a dull month i in the jewelry line. We intend jthat it shall be a busy one at the Lambert Store. “With a completely equipped factory on the premises we are en- abled to sell absolutely reliae ble goods at very much@ower prices than rule elsewhere, {Out-of-town visitors are if ecially invited to avail themselves of the great money-saving opportunities that our “workshop-to-wearer’ methods afford. - THE JULY BRIDE ce who leaves the altar wearing-a Lambert Seamless Wedding Ring may rest secure in knowledge of the fact that her emblem of married bliss contains only virgin gold, not even an atom of solder being used; made jright in Lambert Brothers’ \factory and sold over our |counters at only a modest ad- vance over manufacturing cost 14 Kt., $3 to $12 18 Kt., $4 to $16 22 Kt. $6 to $24 No extra charge for engraving. OLD JEWELRY REMODELLED OR EXCHANGED FOR NEW DESIGNS. WORLD-BEATERS FOR WATCHES. Nowhere else px New York can you inspect Such a mag nificent stock, nor one so rea- —/ 3,000 Washable Sults, worth 50c. Te. your pick at 3 ey: al for 336 aor Suits elegantly | boys of 3 $7.00 Dress Suits for small io, doubie- 3,48 Trousers, M Striped Wors- $2.00 i" towers sot 99C 1.45 v oreied. 3.45 Furnishings, LINEN COLLARS HO8! 127th St. Saturday, 11.30 P. M, CANDY | LOF1'S is concerned, | Wher “Nothing new under the sun" fs an old sayin, “Something new every da; but obsolete as far as is the motto used here, wp». 10c wo ibe We Ie i" GH-GRADE BONBONS AND CHOCOLATES OR ALL CHOCOLATES |v. B40. For 10 cents addi~ tional we will de~ liver any or all of the aboy; Manhavian island, 54 BARCLAY ST ‘in “snelne hanes case, . sonably priced Our direct connections with the leading European and American ae tories, coupled with compara- |tively light store expenses, enable us to offer , WATCH VALUES WITHOUT A PARALLEL, | 18 . For this ladies’ | X solid 14- karat richly engraved Gold Hunting Case, with Wal- tham, Elgin or Lambert —move- ment. The same watch $16. 50 EXPERT WATCH AND CLOCK REPAIRING RIGHT ON OUR PREMISES, LAMBERT BROTHERS are THE OFFICIAL WATCH IN-~ SPECTORS of the NEW YORK CENTRAL AND HUD} SON RIVER RAILROAD; also the LONG ISLAND RAILROAD. DIAMOND | 400-DAY RINGS CLOCKS For engagement and rolva ahe y [gift purposes, sold) aan for those for less than present | who wish to select importation cost.|4 gift that is unusual, | but still practical— Our being direct im- jOrnamental, but | porters of Diamonds | withal useful. Here and Precious Stones, is a clock that runs and making all) pes year withoin . winding, and yet mountings In oUF) Pos perfect thine, own factory,explains | Made with fine po clearly and intelli ished brass base, gently why you can with crystal glo save money by com= | yo 14 inches fey | ing here, patented self-adjust- ‘The above single- || ing pendulum. Ow, stone Diamond Ring, | own importation, $75. 20. Lambert Brothers MANUFACTURING JEWELLERS, Third Avenue, cor. 58th St. | During July and August our store cleses cach evening at 6 o'clody,