The evening world. Newspaper, July 28, 1902, Page 2

a if Py: i ~ “apparently “pegged.” “COLD EXPORTS HURT STOCKS Prices Sag on With- drawals of $3,600,- 000 and Rock Island Doings. GENERAL LIST SUFFERS, Granger Stocks Weakest and Western Union a Soft Spot— Stop-Loss Orders Indicate Desire of Bulls to Hedge. Rock Island took a sensational plungs of $9 a share to-day, going from 1981-2 to 189 1-2. It was promptly supported, however, and pushed up to 195 1-2, where ts was ‘The Moore scheme for financing the Rock Island is encountering the undisguised and active opposition of | many influential interests in Wall street. The general list suffered an aver- age decline up to noon of 1 to 1 1-2) points. From the low figure there was'a rally, which carried the mar- ket half way back to the high range. Thereafter the market behaved in 4 | rather uncertain way with a ten- dency to professional liquidation on | the hard spots and to feverish reac- tions. ‘The weakness during the after- noon was accentuated by the engage- mhent of $3,500,000 in gold for export. ‘The Moore plans formed the basis of | attack in almost every Instance, and | the Rock Island was the thing most) talked of on the Exchange. The pre- yailing opinion seemed to be that in its FIGHT ON FOR Canadian Pacific in Struggle with J. P. Morgan to Prevent “Bottling-Up” Plan. AFTER GREAT NORTHERN, If Ship Trust Wins and Gets Seaboard Rights It WilkCon- trol Every Atlantic Harbor on this Side Except One. Efforts are detng made by the Can- adian Pacific Raflway Company to se- cure control of the stock and bonds of the Great Northern Railway of Canada and thus secure the Princess Louise harbor at Quebec and prevent J. P. Morgan's proposed ship combine from taking it and “bottling up’ the Can- adian Pacific. The Great Northern Ratlway of Can- ada controls the Princess Loutse docks at Quebeo through a twenty-year lease from the Canadian Board of Harbor Commissioners, This lease wae entered into two years ago at an annual rent of $1. 5 ‘The Great Northern has » traffic agree- ment with the Canada Atlantic Railway Company, which ‘s controited by the Grand Trunk Raflway end connects at Quebec with the Leytand line of steam- ers, which J. P, Morgan controls, The President of the Grand Trunk is now in London to aecure the proposed subsidy for the ships of the Layland line, ‘The Canadian Pacific, in order to pre- vent {ts outlet being blocked, 1s also after this subsidy, proposing to estab |}sh a Une of fast mall eteamatrtps mim ilar to the Priticess line,'now tn operas tion between Vancouver, B. C., and the Orient. The Canadian Pacific bas no deep phesent position it 1s a menace to prices. ‘The Granger stocks were about the) weakest things on the list. ‘Those © which experienced the sharpest advance last week lod on the back track to-day. |) Western Union also was one of the soft | © spots on the market and the floor gos- | sip circulated to the effect that the | Goulds were getting out of the property, or atleast greatly reducing their hold- | ings. | -A feature of the market Is the great maay of stop-loss orders on the floor. | \ AN the "82" brokers had both hands full ) Of these orders. This was construed as evidence of a disposttion on the part of e bulls to against further re- action Jn prices one broker put It: “The bulls who have profits in their 5, trades are willing ‘to bet part of thelr | winnings that the market will not have | & serious breck, but they do not Intend | ta let all thelr velvet disappear.” | The dndusirial list was quict and in| the main held better than the railroad | Call money was abundant, and #or- rowers had no trouble in getting aj! they | wanted today at 21-2 per cent. | LOCK FORCES BANK TO BORROW CAPITAL Assistant Cashier at Phenix Set the Time Lock Improp- erly and Funds Could Not Be Reached To-Day. ! : Because an assistant cashier figured that ninety-six hours elapsed between Saturday noon and Monday morning | ) the Phenix National Bank, of No. 40) Wall street, is doing business to-day on borrowed capital, ‘The vaults are securely locked and! will not open until the clocks within them release the levers. “E think there must be betwe 000 and $3,000,009 in cash in the aid Cashier Hampton this aftern: “and besides that there are all of the negritibe amounting to many mi mére. Of we had no ditt #2,006,- ults,"* in'oing business to-day. When we saw that the-time iock would not work w sent to the other banks with which we do bust and secured all the cash we needed, }for them. “We borrowed on): © wo thing 10 the ume day when cash ts not called. Were to-morrow we would hi borrow @ vastly greater sur “1 expect the ¥. wil! ftlme to-night, In conseq We will have to have office the time until it does oper “Pho mistake iy The time | ®ate at any neniin days, wllpping « time will delay matters, “We do not blam: jer, We klud open Bunday he ow “ through: che calculation for Sunday But if it ave had to ver 84 Iron, is quo POAiident of ¢ defeat peMair-Michell party tn tts it to oust him and his manage ih He defends the fyanclal p We conduct of thy | Orporation, which dy. for the vest DMdery. An’ this respiot the t are at variance, the contention Gates iolement peing wat the Ot making the best Nes for money making boing eats of the faetiv | with water terminus at Quebec, having in. the past made Montreal its ohtef ter- minus, Because of the dangerous oondi- tion of navigation between Quebec and Montreal on the St. Lawrence River, it ls not possible for ships of the dreught and tonnage of those proposed to reach ealixing thi the Canadian Pacific 8. is, the a Railway Oompany has begun the work of establish! nals at Quebec. Tho n f Canadian Tacine officials two weeks ago made an inspection of the Princess Louise docks at Quebec and ing} the line of the Great Northern Rallw: from Quebec to Hawkasbury, with a view, to taking over that property in order’ to secure the ‘terminal privileges at Quebec. Shpuld the Canadian Paotflo be mic- cessful in these efforts it will result in the shutting out 1 ne rom Quebec Harbor. In the event of the Leviand being successful In getting ‘the subsidy and the Canadian Paoific being unable to seoure control of tae Great Northern Ratlway of Canada, J. FP. Morgan's shipping combine will have control of the harbor of Quebeo, which will give it eyery harbor on the Atlantic seaboard, with the exception of Bt. John's. ALL THE LA - OPE te RE THE WORLD: MONDAY EVENING, JULY 28, 1908. (fea @ N. |HARD OOAL SOARS TO $10; | CONSUMERS SQUEEZED AGAIN VEEL HARBOR Anthracite at $10 a ton will be this week's object leeson to teach New Yorkers why the coal operators refuse to arbitrate their differences with the striking miners. The Committee of Five appointed to. regulate the price of coal during the progress of the strike meets to- morrow to prepare a new circular notifying members of the association that the price is to be squeezed up another notch. It is nat, denied that there is plenty of coat !n the vicinity of New hYork as, has been shown in The Evening World, Over. 1,250,000 tons of anthracite are now in this vicin- ity, and there are 5,000,000 tons with- in easy carrying distance. It is not the scarcity which causes high prices, but the desire of the operators to make as much money as possible UP BY THE THUMBS. ig Supply Here, Operators Give New Yorkers Another Object Lesson. out of the strike situation. The ye handlers say they are raising the price to keep down consumption. One of the members of the association pata: . “We are not making @pything by rets- ing the price. It 1s sinPly done to pre- vent the public from purchaaing coal at | present. The coal barons have the coal ‘tore up for thetr own use, and whet | tele coal we have we want for our regular customers, who have to be sup- | plied every day. | /We think President |Baer, of the Philadelphia and Reading | Railroad, should ,consent to arbitration, jas he kndws very well that it is Impos- rible for him to get any otber men than | the regular minons to work the mines. All talk of getting outside men to work | the oollleries 1s rot. ‘The operators must |re-employ the miners or else keep the | mines closed.” has been decided by the Central | Federated Uiion to assesa the 200,000 workingmen in New York five cents a lwoek each until the coal atrike is settled. By this means it fa hoped to | collect $5,000 a week for the miners. MUSEUM SALARIES ARE NOT EXCESSIVE, Expert Accountant Charles S. Hervey Makes an Investiga- tion and Finds Aiderman Doull’s Charges Unfounded, Expert Accountant Charles 8. Hervey, |’ who was delegated by the Comptroller to make an Investigation of the charges of Alderman (Reginald Doull that ox- cessive amounts were paid to employees at the American Musoum of Natural History, has filed a report showing that the aharges were not well founded. t Hervey finds that while ® nelal system is in vogue to the manner and method of keeping the accounts of the Museum, there {3 no ground for the charge that the employees receive x~ | ssive salaries, He says the Museum | corporation, but is the] complex refer adds, that Upon the ried scientists, wr, contributes salary the pL ALN CARTHAGE... N.- ¥., July kaye, John W. (lark, wife’ of the leading Perchayt here und w truck Friday er Riven. raiir: na tow Tpomety te Dy ik train crossing wid. died Mre, ony barely’ eacaped, ¢ bore Who Wee wi prominent sootaily, | at the: by Nine | THE QUOTATIONS, Low. 00% 29 Pate Clos 87,200 Amal 90) Am. 900 Am 91 aN Loe Gonos, Locomotive. Locomotive ‘pil ss Tet... 3 , Tere 3,10) Ohle, & Alt Rear 400 Chloe. & Alton ‘pt hic. TANS 2 & Iron orn ' 1s > an yea sits) am ple ©] "Ll must tell you of a young lady in| MyDoctors Free—Munyon, groabway AND 26TH ST. 200 200 Premed St 12,900 Reading 89,900 Southern Pacite { 21,800 Southern Rall 500 South 4, $00 Bt. 3. « ry 28 ie 8. 0 1.700 St. Louls 8. W. pf 10) Stan, Rope & ‘Twine. 11,600 ‘Teen. Could tron, 00 i r Tuber pt. Btw 600 Ving. Oe Wanash Wanaws pt. Went nnT Bm shares and of bonds 4,5 | EAN ORG PARIS, July painter and auth at Paris tn 1840, VIBPRT DPAD. n Georges Vibert, is dead. He was OUR NATIONAL DISEASE | Caused by Coffee. Physicians know that drugs will hot correct the evils caused by cof- |fee, and the only remedy is to stop jdrinking it, | Dr, W, J. Allison, of Heber, Ark says: ‘1 have been a coffee drinker for 50 years, and have often thought that I could not live without it; but after many years of suffering with our national malady, dyspepsia, I at- tributed it to the drinking of coftes, jand ufter some thought determined jlo use Postum Food Coffee for my |morning drink, 1 saw that Postum | was made carefully with directions jund found it just suited my taste. At jdret 1 used tt only for bros kfast, but |! found myself getting so much bet- ter that I used it at all meals. and I ed to say that it has en- tirely cured me of indigestion suined 19 pounds in 4 months, ‘ny general health {8 greatly im- | proved. | Hlinois, She had been in ii-health for many years, the vital forces low, with but little pain, 1 wrote her of the good that Postum did me and ad- Vised her to try {t., At the end of the year she wrote me that Postum had ie ansirely ‘sured | r, and that 4 Bal ike herself tenia” sii EWS OF THE BUSINESS WORLD. Rock Island Talk. Market spooialists are drawing analogies hetween the seotirities altuntion now and fust previous to the panto which began {n 1982, dat- {ng from the failure of Grant, Ward & Co, They dincover many points of similarity {n the cours» of the market for the perlods of five years ending 1862 and 1902, It ts also noted that the panic of 1882 was pre- ceeded by and to an extent contrib- uted to by a stroke of financial legerdemain in connection with Rock Island. The difference between the Rock Island deal then and now 1s that in the first instance the capi- talization was only doubled, whereas on the present occasion the proposi- tion is to treble {t on top of an in- crease of 60 per cent. One point that is not dwelt upon by the his- torians is that in 1882, just prior to the panic, the public was in the mar- ket in a wild orgy or speculation, whereas to-day, according to all au- thorities, the public is holding aloof, leaving the market to the sionals and the. wealthier classes. Consequently, it Is argued, that the market is in a vastly stronger posi- tion now than either twenty or ten Years ago, immediately antecedent to the beginning of the recurrent ten- year periods of depression. Wall street was greatly concerned to- @ay over the state of Charles M. Schwab's health and ts genuinely pleased to learn that his illness was not serious Although a comparative stranger in New York Mr. Schwab has established an enviable standing and 1s very well liked in the financial centre. . . Anothar Railroad Deal. The latest is that the Atlantic Coast line, co:irolled by J. P, Mor gan & Co., is to take over the Louis- villa & Nashville, also controlled by the same firm. Interviewed on tne subject, representatives of the Mor- gan establishment refuse to say any- thing, leaylng inquirere to draw their own conclusions and to obtain in- formation elsewhere. The point of this story seems to be that the plan to consoiuate Louisville & Nash- ville with the Southern Railway will be deferred indefinitely, out of re- spect to public opinion in the South, but that there will be no prejudice against a union of the «. & N. and Coast ine, which are not so directly competitive. a profes- Full details of the Rock Island finan- clal plan are promised immediately, The more the plan is discussed {n the street the louder grows the chorus of crit- cefsm, and \t will be strange If the deal is permitted to go through without legal GOSSIP IN AND ABOUT WALL STREET. | obstructions being raised, great opportunities f Moores, however, are rkiiled diplomat: inte and might be able to sidetrack at+ tempte of that mort to blook thelr play, soe. Coal Strike Figures, To-day marks the boginning of the twelfth week o: the anthracite strixe, and the usual proclamations are { sued by both sides that there fs no change and no prospects of a change. These statements are supplemented with the customary prophecies by the leaders of both sides of the cer- tainty of success. Advices from the mines are that the anthracite region ls dominated <Imost absolutely ‘y the strikers and that a reign of ter- ror exists there which would make it extremely hazardous to attempt to resume operations. The outside re- Hef is being -istributed among the needy without the disturbances wnich were expected by the operators, Statisticians estimate the losses by the strike down to date at $60,000,000, of which the operators and carrying railroads are figured in at about $25,000,000 and th: men at $12,000,000. . Nothing more is heard to the report current Saturd: that Standard Oil connections were ranging to export large amounts gold, presumably for market effect. ‘he was ar- ot story andi reaches the conclusion that it ds baseless and originated with un- scrupulous bears. Against Meat Tryst. Boston despatches are quoted in Wall Street to the effect that the great Meat Trust will not be quite so all comprehensive as originally planned, several large packing con- cerns holding out on the theory that they can do better fighting the com~- bine than going into it They are banking on the commercial advan- tages o an aroused popular senti- ment. The combine, according to the Boston story, will include the establishments operated by Swift, Armour and Morris, whose aggregate annual business is sald to approxi- mate $500,000,000. It is given out by this same Boston authority that the big packers will finance their own dgal, regarding the demands of the New York, banking houses who were asked‘to take hold of the matter as The Cotton Market. ‘Dhe local cotton manket opened easy to-day, with prices 2 points higher in July, and later months 2 to 6 points lower. ‘There was some selling for both accounts in t which prices w selling was basi pool cables and bearish | vices. After the call there was a de | mand from shorts and smaller offerings which sent prices up again. ‘The opening, prices w Jul: 3; Au , 8.23 to 8.2 nt ‘on poor Liver= weather d= | ued |The SAN FRANCISCO, July | Patterson, former Justice Re me Court of California, is home here. He w: York and fifty-four year » of New 3 old to young and old comes as a blessing in hot weather. i : It is Nature’s greatest skin remedy. soap in which the extraordinary powers of Witch Hazel have been suc- baby sweet as roses. cessfully incorporated, It is at once a medicine for ailing skins; a delight to the fastidious toilet, and a soap that is more cleansing and more soothing than anything yet devised, If you would be cool, if you would wash away evil humors, if you would ‘keep the pores open and the flesh sweet and clean, stop at the | nearest drug store and ask for Munyon’s Witch Hazel Soap. Price, 15 | 4° It will be an investment productive of as much good as a trip to cents, the seashore, It vou have anything wrong with your skin or blood, depend upon it that, tor almost nothing, I will cure you, It your liver is trombling you, take my liver cure, which, in a short time, makes your liver as good as new—tl's 25 cents. | Thus you start the evil humors of-the body on the way out. | Stimulate the pores with Munyon’s Witch Hazel Soap and you will attack anq|the enemy from within and without, cents, be planned, Besides | Brooklyn Amusements, | j Sir Rickard Granville, It Makes the ba | Munyon’s Witch Hazel Soa BRIGHTON BEACH Su -D4RN a. CROW oA: dt RY MATRON | tong gh MADOKE-TH | daily SHIPPING NEWS. ‘poRT OF NEW YORK, ARRIVED, cesee Naplon + Copenhagen “i Maracaibo .. Comut Palon Adier + Kingrton OUTGOING STEAMSHIPS, SAILED TO-DAY, V'rincess Anne, Norfolk, DUB TO-DAY. Hugoma, Gan Quan, Colorado, Brurfawick. Pretoria, Bermuda, Bt. Kitts bies Happy Pp It makes lady and It is the only r Take my blood cure—it's 25 |. No: better health campaign could | Hivoma 030 and O21, St, James Dide., ‘ hytay WHY. WORLD ADVERTISING Proved eupremacy by The pretes- sional obstructioniste eee In the seheme speoviation, The baling exorbitant, They will, there-| fore, rave the commission and do thelr own hustling, Kuhn, Loob & ‘The strong banks are lining up to the | position that money rates will be hiah next fail, and they are turning away borrowers who tnelet on @ rate under 5 per cent. for six months’ accommoda- ton, ‘The call rate continues low, and day by day funds are tn abundant aup- ply. This makes the epeculative altu- Lo American Railway Securities Inv NDON MARKET DULL. Aetive with Prices Irregular. The London market to-day waa duil | and sluggish in ali departments, Thera | were no failures reported ineldental to 088 changes were fractlonalal: olowlng: day, The « few ea Col. opened up 1-2, at 9, War firmer, [the rettloment, Contangoes So. are understood to havo agroed |4 ‘it per cent, Routh, indie fe ‘ i roars to take chinrge of the flotation, but, | Sivan’ nonily hrofeamalss, Nowe "the departanent for, Am / an above stated, tholr terms were | way. peourtdles is Wan wr ra considered too onerous, | eer tone was wenlt on the untavors! fpularadates able bank Matement on Baturdays| rere intemulas and mow of ly bel 10’ pices at New York on Bat Outside urit rly wales were recorded, stringency later on, burden of the report referred to| the gold was simply to be| transferred from the Standard Ol! vaults in New York to the Standard Oil vaults in London and other foreign capitals, thereby cutting down the re- sources of the New York banks with- out the least impairing the credits or cash of the manipulators. The street 1s glad of a failure to confirm this PROF, KOCH'S LYMPH INHALATION | Sat lore} Of meat to your The original and ONL CA Ioe Crenm stocks were unchanged. the the ure market opened steady, but ‘Bri Northern Se shares selling at 1071-1, Alon easy for the moment, although the | Man. Transit, was, traded In at 11-4 0 rekon 4# AOld at 973-4, Ban Fran boars find comfort in the outlook for] Supe "were att on bid price, Nees @ Exceptional Offerings in Misses’ Waists. . (Second Floor.) 12 to 18 year sizes. Made of the finest imported white lawns, madrases and piques, in a number of the season’s most fa- tyles, Not a waist at either of the following three prices s worth considerably more—in fact, many would be cheap at half as much $1.95, $2.95 and $3.95 ARAIN Wieseleaieameans cele Women’s Waists in Large Sizes. (Second Floor.) About two weeks ago we made several very special offers in large-sized waists. Before the tap of the gong all had gone, which in a measure goes to show that women of large propor- tions are seldom given the opportunity to share in values out of the ordinary, Here’s another splendid chance. styles and materials, at the considerably below regular ASKINGS. 00 vccceese Choose from various followtng prices, which are s. 256, $1435 and $1.95 Wash Waists, $1.95. (Second Floor.) : The comparative values are stated with exactness—as Waists identical with these have sold at those prices this season, It’s a sort of heterogeneous assemblage, the ends of various lines of high-class novelties—but that doesn’t in the least depre- ciate their worthfulness. Sorts and sorts of choice colored wash materials are embraced. Not every size in every style, but all sizes in the entire lot. Stylish Dressing Sacques and Kimonos At Less than: Half Price. (Third Floor.) Interested? If you’re a lover of dainty house garb (and what woman is not?) you surely will be. en if you're interested in securing two garments for the price of one, you'll surely take advantage of these offerings: Dressing Sacques and Kimonos—32"\ Women’s $2.95 to $5.95 for 65c. Dressing Sacques and Kimonos—}3" for 95c. Dressing Sacques and Kimonos~\% for $1.95. Some are trimmed with lace, others with embroidery, and also finished with hemstitching and ruffling; long and short’ sleeves, Selling started this morning at a very nvely rate (how could it well be otherwise in the face of such values?), and if the ac- tivity keeps up you'll miss sharing, or at least won’t have the ad- vantage of the same large choice that may be had by coming early. Prompt Attention Assured All Mall Orders. cYmpsonCranjordbo. Sixth Ave., 19th to 20th St. AND STINE | Asthma, Bronchitis, | Consumption, PSTABLISHED 1885. TELEPHONE CONNECTIO! DIAMONDS, WATCHES & JEWELRY EXTENDED ON LONG CREDIT, No employers’ references required. KOCH-O-LENE AU ai Itarium, 119 Went ON® PRICE. CASH OR TIME. . W. SWEET 8 CO., Leading Credit Jewellers, 37-39 Maiden Lane ,,. wroRw), UPTOWN BRANCH 258 Sixth Ave. (OVER WOOLWORTH's). BROOKLYN BRANCH, 467 Fulton St,, (ORPOSITR MATTHEWS"). N horlty from Prof, DR, KOCH'S SAN 19 WEST 22D 8T., SPECIAL FOR MONDAY, ‘hovoluten, . at to Whrich's Slore, N. ¥. ih THE BT Josercan MAN'S WHISK TRADE— {l-—MARK, provort ried oF lates Her—the blend waking 0 Well ay, he riche wiles tea LJ. CALLANAS jerchant. 41 and 43 VESPy sir, Monthly prive list mailed 0 CALL, WRITE or TELEPHONE, ff