The evening world. Newspaper, July 25, 1902, Page 2

A i i “not given to sentiment and takes | veyron ree THE WORLD: FRIDAY EVENING, JULY 25, 1908, a ER Le S ALL THE LATEST NEWS OF THE BUSINESS WORLD. | STOCK MARKET BOOM THRIVES. “Western Contingent’’| Is Pressing the Game and the Easterners | Are Just Trailing. j | NEW YORK CENTRAL LED.) Was Feature of the Trading| To-Day and Wall Street Is Puzzled — Other Railroads) Were Active, The stock market continued its upward course to-day with thé “Western contingent” in command. | 6 professionals have been antag- | onistic to the later phases of the bull movement in stocks, but they are “switching” and getting in line with | the procession. So universally are they walking in step with the music of “the! “Western contingent” that ey are called “trailers. shis is exceedingly unkind, but Wall street is | pleasure in calling attention to the shortcomings of the people who make their living in the market,and who pride themselves on their superior wisdom. The veterans of the street compare the present situation with that com- mencing with the assurance of the re- election of McKinley, a little less than | two years ago. Then, as now, the “Western contingent” took charge of the MORGAN DINES WITH THE “BRITISH LION. (At the Lion's Expense.) COMMONS? CAFE "TRADE |S PICKING: RUB ALITTLE, ‘ine STATES roe WAVE SOME MORE sour? TANELION THE LON GETS. SLEPT p> THE DURAN FAILURE No Serious Loss Anticipated | | by New York Creditors, as Havana Firm Will Settle as Favorably as Possible. | | Btock market, and started a movement that did not culminate until the glants he financial world got into a fight among themselves over Northern Pacitic | and precipitated a disastrous panic, which was a wet blanket on stock spec- | Miation until the very recent past ‘st. Paul and U. P. The most conspicuous and influential buying was 1) w York Central,| It is loch advanced points to 107 1-4 | closer relations between Union Paci- Dhere was some ston from outside | ge and St. Panl—but it is given re-| figures, but that stock wae a leadin Geakurd of the market from the * | newed Importance and Interest by the not a new story—this of beginning. The busing was of the sane | persistency with which the talk of a going could mysterious kind that on for many weeks not be traced and ther Were free to draw their own sions, and in this tn fon was given Uegnse, Unnamed and unknown inter were given credit for buying has $ source gen deal in that quarter is again being discussed in Wall street. The Stand rd Ol orowd and James Henry Smith are known to be in majority control of St Paul, The same Stand- Away from the Vanderbilis und the 8f@ Ol! interest are also tremendous: Varderbits were credited with puying | ly Interested in Union Pacitie, and it #5 bold control ve |is said have control, even leaving Mr. nt k | Harriman out of question en ely. of apecitar: phacors [They are also large stockholders of dulity to make bought lower down | stssouri Pacifie, pressing the Gould w¥ivania had a rise of ainily very close in the magnitude §, Belling up to iil J+. PD ” 2 ¥ Jing in this stock | of ther holdngs. hho particular pews Was put in . 2 «© lation to a Je activity were ad-| With exception of a very few stocks | the aetive Issues traded in on the Stock Exchange a higher now than before the May panic of last year, St. Paul s one of the important stocks that ay, 188 having | tation, Union fc, Northern Pa mn with the activity in St Pacitle added emp the gossip of a unitica rties und Pact tt PP was sciven ew record Of Bhese two p with Missourl an alli Bee ser rhe Hoe ete fiers und Colorado Fuel & ‘Iron t sche mM Were ast year than they bave ts line this was made | 2°"! in yesterday ening World fnancial |? af *Fouisyilie and Nasnvil h uisville and Nasavilie was the ly er Bin “the Sou ergup, ailvane ae | Rock Island Reorganization. v pointe to The gates co Hnkent was supposed to be the teager| The curbstone bookkeepers figure In this movemen dd tips were Out/ that the Moore Brothers and their the stock would je industrial lis: associate will clean up $21,000,000 by readjustment of Rock Island As near as can be made out somewhat conflicting fore- broad sense pro- vides for the issuance of somewhere | between $225,000,000 and 1,000,000 lin new securities in exchange for the 000,000 stock now outstanding, the MT KD distribution being one-thind tonds, | one-third preferred stock and one- Viena common stock, Inasmuch as Ml a | the finances from the the plan in 88 col Merepolt d a itn and Man! fractionally, while 1 ait made a gain + @ point. casts Railways Fairly Active |amertoan i Lisiee of A. E.Wilson &Co. and Prices Har tng. Says Their Whereabouts Is, pie London market towlay was » and displayed inugh Improveme a Mystery—Liabilities About $50,000. hail departments, South African min ‘ Kah wore weak at the start. y dation, but later | William E. Kisselburg f aioe) Waal vere to the firm of Arth: EB Wis Pamy, that suspended day, said to-day that the of'Bmanuel Miller ar had. become rail oft some ery. ' jonally above last night's cloae at New ald that he had undem us r above wht clowe sanrexamination of the York. ‘Trading w y — ing, made for Mr. Miller een mistaken. He dovs 1 wire Mr, Miller or the books ar | LAVBRPOOL, F KP fe suid that as fur as he had been | Wheat-spot stead Noruert, 6 to Jearn, the dati! 2 12d; Noo 1 Calif fin, 4 tek | Uoned ‘by the custodians of the books. sideration In the stock market. GOSSIP IN AND ABOUT _ WALL STREET, ; the plan {s to take in several subsid- jary railroads and provide $40,000,000 to $50,000,000 fresh capital for exten- sions and purchases the figures given above may be materially enlarged. " 8 * (At# the decision of Judge Hall re- duiring transfer agents to give stock- holders and officers of corporations ac- 8 to reaurd jists of shareholders It was generally known in the financial dis- trict that this right had ever been ques- Judge, Heil's decision is reélved in Wall street with almost unlversal satisfac- ton. eo 8 8 Money Rates Harden. The money situation Is assyming importance next to the crop outlook, and is being given Increasing con- The most noticeable new feature in this connection is hardening and time rates. Up to a day or two ago re- sponsible borrowers had no trouble in getting all the six months’ money they wanted at 4 1-2. per cent. and under. The last loan on that basis was made day before yesterday. Yesterday and to-day 4 5-8 was the minimum qnotation, and very wiue business was being done under 4 3-4 Bankers freely expressed the belief that before the end of the month 5 per cent. would be the base line for long time money * 8 8 ‘The attoriteys for Northern Securities Mr, His holding: ¢ niplasty that they cannot s physteal presence before a referee of Mr. Peter Power, the plaintiff’ In the pending It) gation agalyst that © Mr Power has been Jocated tn the office of Attorney Lamb, whore he is studying law Anothor Railroad Combine, Parties familiar with the OVER C. P. OFFER, Plan to Establish Fast Ships to Halifax and Quebec Meets with Warm Welcome. LONDON, July %—The announer from Montreal that the Canadian 1 ie Raliroad had, at the reques Canadian ministers now tn Lond fored Co establish and work a weekly fast wer Jpood in th x and Liverpool lisbal fetaint Haglund, where 4 i |kan'® whipping o¢ Porn aventog # have flaming vimentin reading Fe iglish Combination Mt the Amertoan Trust ‘onane in the neighborhood « t! futures quiets July, nominal: Seytember he had nu jaca what ts. 1d canbe Of itp aeeeia Americun wixed ate n Whe Cotton Market, Vicutate 14d local cotton market opened weak! pork mess, Western, pmith prices 4 to 1d points lower.| a1, i mt cut, Wty 16 Mifare was wheat excitement when 4/48 | f an veriund Lo0,00 July notices wore ued, Priva! tw 90 Ib., rib, 16 to M4 1) badly and July dropped ta B16) g one ar omiddies, iht, 3 to MAugust to 6.03. Cominission houses| py, gus; long Alles, heavy, Mt Bouts sold long sire winhte "| 40 Nt.; lan aha Mote Square, 1 to 18 Ib and i ————- ming Gv wei ly, 86 to 0b, Be ytetnber | veo sabe! Curb Market Quiet and Dall, ¥ 4s a ‘iat olay dager, ‘The outwide market opened quiet with only wight fractional changes in a may ng on the off anally ay t oth ant “aiateunty rom the stimulus it t to. AgKlo ss. It will “be mowt Nelpeul tn pet \footing (ail the Hritivh Ines of com, nant The Canadian preserve of the Ameri oan sipping trust ord Strathcona, the a ae hi . nf Out: duly, | jority G4 ne list, Northern Rocurities | gor rental gal RFRA FATT ZIM hem atnanty Commissioner, said to-day Liverpool, Swaveca, Bristol, Southampton, New- port an Cardift ae fe all Mo yg for fe ag the termina | CHICAGO MESSENGER STRIKE Line of | Canadian High ai situation in the southwest insist that if the Rock Island does not formally take over the ‘Frisco and Mexican Central Railroads close working ar- rangements w']l be made between the three corporations, giving to each of them the same advantages of direct communication with the far south- western market. It is not improb- able that such an arrangement would also include the Atchison, thereby enabling the combination to reach San Francisco and other Pacifie points. : Shareholders tn the cks of South- orn railways take cheerful note of the statement in a manufacturer's publica- | don that within the last twenty years the textile industries In that section have increased 843 per cent. These fig- | ures are taken as a fair measure of the aggregate industrial development of the | old cotton States and as Indicating fur- | ther growth of their natural resources. "Glad Morgan's Coming Back. The announcement that Mr, J. Pier- pont Morgan has engaged passage on the Oceanic, which sails from Liver- pool August 15, was received in Wall | street to-day with expressions of gratification, Mr, Morgan ‘6 a factor of highest importance in market cal- culations and his presence in or about New York carries with ft an added sense of security and specu- lattve confidence. Not that Mr. Mor- gan is not as safe abroad as at home, but he is further away from the Wall street fireside. . The very evident willingness of ohairmen of the political campaign committees to be Interviewed on the issues of the day cally to the attention of the large financial and manufactur Interests centring Jn and around Wall street the fact that “fat-frsing” Visttations are impending of Dellyery 0 MUICAGO, uly Dering 150 former The failure in Duran for seriously affect $100,000, will this eit n houses 4 wit erediters here, am & Stockbridge, of Isaac Kuble, of No. the heaviest losers, have tified by cable that a representative of B Duran fs on his way to this city to effect settlements on a basis to be determined These two houses are sail to have been caught for $150,000, but t declare that they will not be embarrassed by the collap: The latter's failure Js attributed by M Kuble to lack of capital in large transactions. —— THE QUOTATIONS. Maiden! Laaiie, at been a attemp Shares, High, 1 8,500 Amalgamated Copper. ti 100 Am. Bicycle .. cy 600 Am. Car & Foundr: 100 Am. Car & Found. pt 200 Am. Grass Twine * FG) Brooklyn. Caton 400 Gorn Frod. Co. pt m Pai Wert. Wert | | ral pf PUS_ & M pf ity South City South. pf Keokuk & Des. i Ws | immediately struck, al om ers say the boys hive ‘ have grievances rectitled or| raleed The Western Union vertived that tt would j nen to) deliver immediatc&y ad- iy 40 a month j of Trade, w | Boys employed by h Company w the Postal it np © Wheat Market. rhe w Kot to-day opened weak ther map There was not om | ro on the murket and w t}ohecked to some extent by wire | with all the western marketer | ty of anothe " toolgy 10 ing of wh we dull May, 18 a4. ¢ oth” pepentber 2 aominal, Cy Bepteraber, 6 § slgsin com Tae May) hd cor Kar zee en were; ia "eRe ai] PORT oF SHIPPING NEWS, ALMANAL FOR TO-DAY Sandy Hook Wy ore Ieiand Wi ton Rie Gate Ferry 1a > 0a bad | — spw ARRIVED, YORK, STRAMSIIINS, DUK D-DAY Kentigern, Port Spaia. Havana. Havana | a, Naples Atapahoe. Jacksonville. INCOMING OUTGOING STEAMBHIPS, BAILED TO-DAY Tipster game wyy ate argent syne Brunswick. Wortole. | roads | he would ask a dismissal of the com- fihis ¢ | brought Mr, |Mr. Stetson, ishall not attempt to American Bridge Comp LOCAL EFFECT OF JUDGMENTAMGUNTS 10 $262,638.08 Broker Reed Gets Biggest De-| cision on Record in Brook- lyn as Fee in $6,000, 000} Deal. One of the largest Judgments on record wie filed In the office of the County Clerk in) Brooklyn to-day by John G. Rood, York broker, against Riley nd his wife, Emma B., of | ul ‘The judgment ts | 19.08. r Reed deslares that he was sed to sell the Boggess shares in nsolidated Quicksilver for which they re- 000,000. The amount of the judg- Reed's commission in The transfer was made | th Ametican Drust Com- idgment we Rrooklyn courts. cured by default in It is said that the geese family own property in New ke valued at $4,000,000, which will be attached to satisfy the judgment. LAMB AND STETSON IN A WAR OF WORDS Peter Power, the Elusive, Again Fails to Appear and the Railroad Attorney and His Opponent Quarrel. Power, the elusive and mys- erson who Is trying to prevent | the railroad merger of the Pacific Rail- did not appear in rt pro- ceedings to-day, as his counsel, George ous Alfred Lamb, half-prog sterday. a result Francis de Stetson, pl to the Northern Pacific Rail-| nnounced that unless Power appears in the United States Clreutt Court at 11 A. M. next Tuesday, plaint and the punishment of Power for contempt, After much bitter correspondence Mr. | Lamb yesterday said he would produce | Power at Mr. Stetson’s office, at No. 15 Broad street, this noon, in order that amination might not interfere with Mr. Lamb's sailing for Europe to- morrow for a vacation, “the first in five years,” he said, Power Falls to Appear. Power did not appear at 12 o'clock, but a half hour later Mr. Lamb did, — | “I have learned that even if I had | Power to-day," he said to | “that you would not have a pmojated me th waiting arg ments until my return Sept. 16 »mmodate 3 I wish you would hold this all over un- ul later’ to accommodate me ou_dragged me to Minneapolis on | Year's Day,” sald Mr. Btetson, | 1 1 don't gee where you can claim any consideration." " the buginning of a hot pa veen the two law, ison, the legal repr Pierpont’ Morgan a moneyed interests of v Mr. Lamb, T will leave to your soclates, Judge Lancaster “and Bartel, of Minneapolls, an estimate of your conduct | his case. | know their opinion of you Caused Lamb to Blash, mb blushed eplied: , and this is war all 1 shall fignt any way 1 can. extenuation Mr: Lamb said he ild plead that Power Was not served subpoena properly. After the red that his trip to abandoned. that he and hae x in court He would f Power would be, adding that was “up to the defense to compel wer to attend.” Lamb was leaving Mr. Stetson 4 for his hot words and said le regretted wrangling with a guest in his own office oe < ny OMicialn | Confer, (Special to. ening W ATLANTIC CITY, N. J, July William H, MeCord, Willam 5. H. Con- nell, J. 1, Fowlk and Joseph Hatield, of York, and Alfred J. Major, of jin delphia, ofictals of the America Bridge mpany, York, ha hotali a ce in this city ¢ r the past few ss various matters to the. stockholders annual ng in the fall. Loan, UIA, Pa,, July 2.—Mayor Jay awarded the $5,100,000 : many and Brown who yesterday for the entire Joan Is for public im- —~ ~ OUTINGS. An Inexpensive and Ready Prepared Luncheon, During the vacation suppose you cook less and play more. ape-Nuts, the food that makes breakfast 80 easy to get all the year round, 18 the ideal food for that pur- ape-Nuts is thoroughly cooked at the factory by food experts, and is always ready to serve with the iddition of cream. You can save} yourself the heat from cooking and the time and exertion necessary to} prepare other food by its use, i} Its high nutrition gives strength | and nourishment without the internal heat of meat and other heavy food, keoping the temperature of the body} cool and comfortable; its delicious flavor pleases every palate, Picnicker and camper as well as the housewife preparing tne regular meals at home can pass @ pleasant and enjoyable summer by the use of this ready preparr’ and easily di- gested food, and will miss the usu- lal heavy and sluggish feeling gen- erally felt in hot Weather, Many pleasant ways of ‘the form of use ia yee beet derful. one ? All our Boys’ Sailor, Blouse and Norfolk Suits (sizes 3 to 10 years); 2- Knee Pants Suits (7 to 16 years); 3- piece Knee Pants Suits (9 to 16 years); Serges, cassimeres and cheviots; for- merly sold at $5.00, $3.95 and $2.95. Now reduced to All our Boys’ Washable Suits of cords, white ducks ; also white Outfitters MAIL Four Convenient Stores. Boys’ Department. This is our Great Semi-Annual Clearing Sale parents as the very best opportunity to buy the boy: Thousands of parents find it profitable to come a these sales because the styles are superior and the — ‘values are won- Are you going to be among the fortunate buyel ORDERS 279 Broadway, near Chambers St. 47 Cortlandt St., bet. Church and Greenwich Sts. 211 and 219 Sixth Ave., bet. 14th and 15th Sts, 125th St., Cor. Third Ave. A. I. NAMM, Fulton St., Elm Place and Hoyt St., Brooklyn. known to all clothes, great distance to 's at this Sale of Children’s Suits. $ 2” ercales, fancy bedford Niddy Suits Sold at $2.00, $1.75 and $1.50, now reduced to.. Boys’ Washable mae | 00 formerly To Menand Boys. FILLED. = To have a real good time take the biggest bargain in the city. narrow braid, Extra white strip urday only .. There never was auch a demand for mean the good, wholesome and pure kinds. untry wary oky vacationista and thelr Ie tempting sorts that wil give a Are You Going to Spend Sunday at the Beach ? haven't any, come in to see us Friday or $3.50 Bathing Suits at Si. 69. Friday from 3 to 5 P. Saturday from 9 A. [l. to i i Tt They are made of Black or Blue Sicilian, sailor collar, trimmed with three row: and trimmed skirt. Quality und finish as good as any $4 Our price fer this sale only Special Offer for Saturday Morning. 60 dozen Ladi 50, in Lawn. Madras and Linen; and pin dots. If you and get bathing it along, Saturday morning your large } 8 of wide and 4 Size Waists, 98c. ! » Waists, 14 to plack and 98c. extra si OUR TIME TABLE FOR THIS WEEK. SPECIAL, FOR FRIDAY ONLY. PLANTATION BONBONS 10" SPECIAL FOR SATURDAY ONLY, M ALMOND: VANILLA CR SPECIAL FOR FRIDAY AND SATURDAY. RY CARAMELS. RADE HONBONS AND Cho For 10 cents addi- tional we will de- liver any or all of the above specials to any address on Man- hattan Island, BOTH STORES OP. NOUNTIL 196 CHOCOLATES Ub. gees 54 BARCLAY ST COR wesr Bway. 22. CORTLANDT ST CHURCH $P.M 5S, SATURDAYS, ers Ree A TTENTION! i One of the largest Cloak and Suit manufacturers offers as a iy SPECIAL BARGAIN i IMPORTED LIN 500 SHIRT WAIST SUITS AT 8 98 PRICE AT WHOLESALE, $5.00. THE POPULAR, 277 SIXTH AVENUE, Mail orders will be promptly attended to. ‘Lost, Found and Rewards WESTERVELT & DEMAREST './0 0°00 900 04 Bleecker Street, cor, Barrow {2% s)%8 Special To-morrow (Saturday), 000 Boyat Wash Pants, 25c. qual- ity, Two lots Ladies’ White Lawn Waists, $1.00 and $1.50 qualities, 75c, and $1.00 each One lot Mercerized Ladies’ Hose, equal ir appearance to silk, in modes, cardinal, unt blue and pink, 50c, quality, 25¢, a pair. 250 pairs Black Lace Hose, 12jgc. 500 Wash Cloths, 3 for 8c, Open Until 11 P, M- “A Marvel of Perfection,” THE WORLD ALMANAC CONTAINS 600 Pages and 10,000 Facts, 17 Presid in the 106 |