The evening world. Newspaper, August 1, 1902, Page 2

ae WANKATTAN "With New York Central and St. Paul it Was a Trading Was Generally Dull and Inclined to Be Heavy— Promise of a More Favorable Bank Statement. The stock market inclined to heavi- ness to-day and was dull. Sales to *noon were only 185,000 shares unt for the day inside of 400,000. A conspicuous feature was the steady absorption of Manhattan, New York Central and St. Paul by the same set of brokers. These brokers have been) in the market for the stocks named for weeké They are never obtrusive | ~and never anxious to mark up quota- | tions, but whenever the property 1s | offered they are around in the vivinity with thelr pails to catch the downpour The publication of the plans of the New York Central for the construction | of a big union depot in the Bronx to Aacilitate the transfer of suburban pas: | <gengers to the elevated trains was a bull card on Manhattan, although tn-| aide interests seemed willing to min) +mige the importance of the development ‘Out of this situation springs the story ‘that the Goulds, to raise money With “which to carry on thelr Wabash ex- tensions and construction Into the Bast. “ern railroad field, have y with 80 ‘much of their Manhattan holdings (hat FAVORED STOCK Feature of To-Day's| N.Y. CENTRAL'S CREAT PLANS. The Railroad to Install Immense Electrical System at a Cost of $14,600,000. ALL READY IN TWO YEARS. } Tunnel Nuisances and Perils; to Be Abated and Heaviest} Trains Run by Motors—Im- proves Suburban Service, | ' ‘The New York Central is to spend $14,400,000 in replacing steam with ¢ at its New York terminal, W completed two years from now, the elec- tric Installation is to be the greatest In the world, coneldering the weight of the trlotty en trains to be hauled and the distance to be traversed. W. ©. Brown, third vice-president, said to-day that the Company was pro- ceeding on the baste that the necessary J, and that the forward rapidly legislation would beh work would be push to completion, “Then the smoke and steam in the Park avenue tunnel will be @ thing of the past," suid) Mr. Brown, “and whether the new proposed ‘clearing station to be bullt In the Bronx loop under the Grand Central Sta- trains will mo and with house or th on be constructed, w ga kreater frequency u By the moving of the west roadway of Park avenue 49 feet further west, they have actually lost control of the property. Bpeculators and investors have shown partiality for Manhattan for a good while back qnd there hax been wid . as we propose, between Forty-ninth und Fifty-sixth streets, we shall gain an open cut suMfetent to maintain two ad- Aittonal main tracks and one storage or switching track, distribution of the stock to the public y wre tha “Six tracks will then Le made avall The company |# earning more than Sil able for train service. If the union per gant. on tts capitalization, although sation iu the Bronx tx built § per peepee nonlyistiper: sent lie jcent. of the train now running have given many indications of Inte of @! through the tunnel will be stopped B desire to repress bullish enthusiasm 4nd | there P F friends quote them as saying that the| On three great loops, one connecting © present price is “pretty high for a4 per gent. stock.’ There was some talk to-day ame {substantial people not ordinarily give: Jover to idle gossip that St. Paul is to fuse with Northwestern or become even more formally allied to the Vand BY pevatern| by direct transfer to the New Central by lease or guarantee, ‘i ftep the manner of Lake Shore j [ in this connection it wan suggested that the deal be made through the | | “medium of Michigan Central, which ts ,& Vanderbilt line quite as distinctly ax “the sadin system. were no new developments in = gaia Fuel and Iron to-day After eaterday’s | excitement both iden te willing to take Phe | of that inaustrial to Weakness and the idea On the fxchangs that bon the « And Osgood parties were watching eae to detect the first slgns of un The books having closed, there is now | no further Object inc oarrsing’ sarplun stock for voting purposes belief Prevails that success and fall on whether the 000,000 In ¢ bonds. can be vot the Onge atthe annual meeting, & doubtful one. i Indications point to 9 * favorable bank stateme: x than had be ooked i Fency movement for the Toas of only $1,500,000, ments have been made for thy of anot’ lot of a: mera. This wax f IOWA'S. GOVERNOR - AFTER ROCK ISLAND. Cummins Will Investigate the Right of the Railroad to Incorporate Under the Laws of that State. | i DES MOINES, Ia, Avg 1.-Goy Cummins announces to-day tho proceed to investigaie the right of the Chicago, Rock Island and Pucitlc R . way to Incorporate under the laws of 4 the tate of Towa, and if he finds that the law is being violated he will order the Attorney-General to bring ton to invalidate the ine papers that have been filed Stecks Active on The outside market tive torday. Northern Secs. iid iv, at 1068-8. One hundred sh, New England Ice sold wt 31. Brit Copper sold at ’ and San Fray. pr. at 43-8, Coppers were 4 good inquiry @14 BO was Manhattan Transit —— oe SHIPPING NEWS. ALMANAC FOR TO-Day, 4.55/8un sein. 7.17) Moon risen THE Tip High AM. il Ban rises ‘ater, Low W PM. 6.28 Aniwan Mi ‘4 OUTGOING sTEAMBHIPsS, BAILED TO-DAY, Tamplee, Colorado, hone, Nortorn, ” 5°" iG PED AMNHIPS. Brus ‘Oharl | will be - | sta Porto Kico| another third with millions of handled an with the rapld tranalt subwa With surface Hnes and the the Elevated railway, the suburban passengers now nually at the elty stations of the New York Central and the Harlem ratlroada hie will be Lrougie nto: Manhwttan or the so-called ‘Madison aveniie lu adopted AN by Electriolty, “Through trains will be hauled by electric lucomotives to Croton Landing on the main line and White Plains on the Harlem Railroad, and with a delay of nol more than a minute the eb will be made xteum locomotives. Practically ny time will lost. On suburban trains the motors will be at- tached directly to the cars by the ‘mul- | tple unit’ system, which Js similar to that jn operation on the Manhattan Blevated Railway. In recent expert- ments in Schenectady with two motor cars arranged in a traly for six ordin- ary passenger cars the train reached a dof thirty-fAve miles an hour in twenty-nine seconds from a dead stop am locomotive could not do the ninety xeconds m Will be abolished everywhere. ut the yards even switching will We bone with electric pow The tun nel will be Highted by electrictty and atl is wiLnin the radius of the truction and at — THE QUOTATIONS. Vig, Laon. to Amal Cy OO Am Agr Chem 84) Am. Mleycle WH) Aus, Mleyele pt J) Aw, & Fo 20) Aw, roe 10, a 16.403 Ain wal AL Ninelt yeeeee Sete beeees = S2bSrs= jlast-pamed country | whieh yuntil the public To Sell Stocks to Foreigners. Several of the great pools and! combinations behind and under the, stock market are understood to have Jn motion extensive machinery ta| the distribution of stocks and bonds among the preat mass of Individual investors in Great Britain, Germany, | Holland, Belgium, and possibly | France, although the people of the are In need of | preliminary education before taking hold of American securities. It Is a singular fact that France, although an enormously wealthy nation and having among her population hun- dreds of thousands of capitalists of large and small degree, know very Uttle about American stocks and bonds, The French people have in- vested in almost everything else on the face of the globe except se- curities originating in the United States. Mr. Morgan is supposed to have organized a campaign of educa- tlon during his recent sojourns in Paris, although what headway he made no one appears to know, The American pools and combinations are endeavoring to quietly unload a portion of their surplus securities upon Europe are employ- Ing the methods ordinarily used by bond houses in reaching customers direct, thereby golng over and around the exchanges, The inter national banking houses are said to be handling the bulk of this busi- ness. ‘he 1.900 correspondents of he Journal of Commerce report a sevens point deterioration in the condition of | the the month of votton crop dari July According to this authority: the average condition Is jow 79.6. Stocks of old crop cotton are. rep to be exceptonally light New Rock Island at 85. It Ie the expectation that the new preferred of the Rock Island. stock will start off on a basis of about 85 and be beld tn that nelghborhood becomes wequatated bunks earn to ae with it and the Hier! pr Qo) Wy Beek opring B00 Rubber Goode s Kallway vf aod 8 F, ay 100 Union ae 2) Uilon Pac ve ph oxrte anh os $91, is B% | Ce ei a La B ‘The total wales of a were Bh00d abarea and of bonds $2,100,000, Jot abont jthing yet di }in comparison with the others, uN Gel BLIME ME WHAT A LoT OP FUSS THOR AMERICANS ARE KICKING UP OVER MY TRAM WAY! THE MODERN DAVID AND GOLIATH. David Yerkes knocks Goliath onsen in the old Kent road. cept it as collateral, Assuming that this programme will be followed out, it will be seen that the control of the entire Rock Island stem will be represented in a cash investment 000,000, that amount be- ing the value at 85 of a little more than the majority of the $54,090,000 issue of prefered stock. ‘The bunks will probably lend at least 50 on jthis collateral, which «vould reduce the actual amount of money neces sary to control the vast mountain of capitalization down to qbout $10,- 000,000, or something like 3 per cent. of the grand total, which will be considerably in excess of $30,000,000, This will come as nearly solving ths interesting problem of how to eat your cake and stil have it as any- covered in the fleld of high finance. Stock tri tions during July footed up 16,200,00) shares and the dealings in bonds reached an aggregate of $72,000,000, ora the business of the ly double GOSSIP IN AND ABOUT ‘WALL STREET. the management will decide to file his affidavit away for future refer-! ence instead of adding {t to the court records. The appear, will unquestionably be val able contributions to current Steel Trust literature. ee | It 1s understood that the Yoore Brothers, W. B. Leeds and D. G. Reld own outright 60 per cent. of the entire‘ capitalization of Rock Island, and that | they are therefore In a position to carry | out thetr plana regardless of upposition, It does not appear, however, that any of the other heavy stockholders have ralsed objections to the new scheme proposed by the Moores. eee Standard Oil with Bulls. Much ado ig made in Wall street over the announcement by one of the financial news agencies that the) Standard Oi] party has taken a fixed | position on the bull side of the stock market. There is mo tangible evi- | dence that this element has been ar- | rayed in opposition tothe market of | statements, when they ; ALL THE LATEST NEWS OF THE BUSINESS WORLD.\UNDERWEA | OPPOSE ALL LAWLESSNESS <PRESIDENT MITCHELL, Leader of Miners Re- fuses to Denounce Any Specific Disturb- ance of the Peace. DEFENDS HIS FOLLOWERS. Asserts that They Have Been Closer Observers of the Law Than the Coal and Iron Police. WILKESBARRE, Pa, Aug. 1— sl- cent Miteaell, In the course of his reply to the Citizens’ Alllance, made public | this afternoon, says: [do not recognize your demands upon me to specific y opposed to any 8 classes of lawlessness, Aa a citizen of the United States and the chief executive of the miners’ organization, I have de- clared on Innumerable occasions and in language not susceptible of misconstruc ght to mak des that Lam opposed to lawlessness and I do not propose s to conform to the tenets of the Ctl *ANiance—wink at! jcapital erfmes while invetghing against | minor offens: “1 have never in my condone an unlawful act. E have thrown ‘the full weleht of my personality and Influence oa the side of law and order, ard can say without egotism that the riners’ union its officers have done more for the conser all the Citizens’ jbeen or could | Ure Ent to Alliances formed by that men like ves, hose sympathy with 0h nd oppressed ts ike unto the nip Brutus entertained for Cy “L do not have not assume to say some 0 the j bur 1 do say, and d Fully contradiet the st that there transgressions 0 miners’ union, to suecess: nent, that there news on the h portion part of depute who are chi apecitically ¢ ou have: on taken no no. protest action whatsoever, Ag Dauid in my to whlah you took [ers are as taw-ut lberty-loys {ens in ou j permit you them or de the residents of this community eithne | by direct charge or insinuation w | remiateri ne on aiapints n-emphatte protest. CONFESSES THEFT “OF $5000 IN CLOTH Examiner in Charles Broad- way Rouss's Store Says He Speculated with the Money and Lost. corresponding month last) year The July aggregate of stock transactlons} late, although the recent gold ship- | | was larger than that of 191 und has}ments srouged a lively suspicion that | boon exceeded by yone July in thelguch was the case. This announce-| Theodore Simmis, a cloth examiner | history of the Exebange tt is said, More Steet Affidavits, The new batch of affidavits to De] cage ig said to have been the im-|'Connor filed in connection with the litigation against the Steel Trost will be pow- erfully corroborative of the state- ments made under oath by President Schwab as to the value, resources und earning capacity of the proper- ties owned and operated by the cor- poration, ‘The affidavits are ia the ature of cunjulative evidence, and the friends of the company exycet the matter to have a decided market ef- fect. Among those who will go on record in indorsement of the trust will be H, ©, Frick, George F. Per- kins, of J, P, Morgan & Co,, and Mr, Carnegie, although It {8 possible the latter may conclude to hold off. There is also another possibility in’ this conr jon, and that ts that Mr, Care negie’s views as to bed rock values may be on such a diminished scale that MONEY COMPUTATIONS. Movements Shown by ury’s Tables, al Friday computations of the movements of money Indicate an Joss by the banks of about The owing comparative Lilles have been prepared at the Bub- eury. ho net transfers through SubeTreasury to duly st inolusive To Chicago, To Sew 0 Toial 4180 000 4184, G00 $400,000 $25,000 Monto 1.180100 2.86600 peyments here for gold de oxitod on the At Seattle $5, 4 avifie coast were At Man Franolaco, — Total $241,369 ss ——— Hank Stock a. 9 st Comma! f the Block listed $00,000 additional f the Corn Exchange Na making the total to date Stok Il rh ky — \v RVERAN O1GAR MAN A SUICIDE SYRACUBH, N. ¥., Aug. 1.—De Witt Clinton Merrick, « clgar saleaman, com- ment to the opposite effect is sup-| posedly made to offeet these bearish theories. The moving influence in this proved crop conditions and the mul-| tiplying evidences that the country is likely to continue its boom for other year. All thie talk about the | Btandard O!1 party is exceedingly in- teresting to speculators, as the petro- leum kings employ heavy artillery 4n | their operations in money and AS] curities. holders of 7% per cent, of the preferred and @1-2 per cent. of the common stock of the Monon road have accepted the merger proposition made Jointly by the Loulaville & Nashville and the Bouthern Rallway. In order that alll mey have an opportunity to co-operate the Ume of acceptance has been ex- tended to Aug. 31, another month, Late comers are notified that they will re- ceive no cash in the exchange of their securities, that offer having been with- drawa. LONDON MARKET QUIET. Steady ‘To! Americans om Light Trading. The London market to-day was dull and a generajly heavy tone prevatled, ‘There Was another small failure In Kaf- firs, which is not regarded with any Im- portance, There continued ease in consols, which reflects lquidation by a large buli account. In the department for American rail- securities trading was light. The was generally steady and pric In most: Instances, fractional, the closing lust night at New way tos were, ubove York. Both African mining shares were frac. tionally lower, ee Market, market ope! and firm to-day, with prices 1 to 4 po higher, local shorts covered \n early dealings on crop reports, It is believed that Ue Government crop rer port on Monday next will show a de- In the gvent of f whtoh chare |W will nglioh the mitted suicide at the Hotel Manhattan to-day. He had been in til health for @ number of onthe. was one ‘merel was alxty-meven years Fuente years i J. P. Morgan & Co. announce that the.) jemployed in the department store sup- | yyy ply house of Charles Broadway Rouss, No, 349 Broadway, was arrested this afternoon by Central Office Detectives |the manager of the store, For 10 cents Detective O'Connor reported that sim- -4 C T mis had confessed to im that in the | jada iuiopal at BAR LAY S ‘ jast year he had stolen about $5.00 0 a of above COR WEST Bway. ae Uk (Saint Coast nt eeppiter (OLA Ga Pate 29 CORTLANDT ST {The oiftvers found much ot the slota in regs on) Man- a second-hand store at “Five obits,” | La Inend. COR CHURCH | where Simmia sald he nad sold it, AW WOTH STORES OPEN UNTIL 8 P. M. ON SATURDAYS. the pi ‘Simmls, lived at d proceeds be confessed that he ulated In stocks and had {oat who is th :ty-four seats 75 ighih avenue, —==> The Wheat Market, The wheat market tom opened firm | and a shade higher. There were some | isht offerings und moderate covering faders, Corn was strong at the ‘There was a fairly good 4 mand on small Chicago car-lot recep The Jate positions were Influenced by’ | the fay bl » outlook and were ed. Forelgn trade was | nthe early. market rk # opening prices were: May wh . 1-8 to 76 1-4; Beptember, 74 $+ December, 74 1-4 to 74 3-8, Septemb: [eorn, 00 1-2 bid | prices | Septen 63 Tee Ea Desernber, 68 6 4t Be May, 10 1-4 Davcmbers i 1-2 bid; May. 0 6-8 bid Chiou’ sloning prices Were: Wheat— August, 70 1-4; September, 70 1-8 off December, o9 145 Muy, 7 12. Co at, i 7-8; Beptember, 06 3-6 ofrered; Batember, at + May, 40 7-8 bid. —————_— MASTODON TUSK POUNT HARLA Aug. While ratirowd ore were working in a deep cut the of @ mastodon wi Rn tnemest piece found. wi an immense tusk, measuring five in elreume part ol feet long and nineteen Inc clghing elghty pounds, made for other remain ut seaneemrinen coonanened) Your Hotel | will serve | Grape-Nuts if you ask. Order the food served dry +) and with cream to pour over it, re that the best goods find the most customers. by the great throngs of purchasers who wend their way to our establish- ments weok after week, year after year. as clockwork” did values should add your patronage to ou list. MOLASSES CREAM LUMPS......+5 5.00 | BLACKBERRY FRUIT BONBONS... FRUIT AND NUP CREAM FU DG TRAD! — {i-—-MARK, M2 ANNIE SU KGONY deataton hf i wl Pes ey p ot (hem leas ( rH vated warvau: and friend in Ne dull ion Fitters Spore cer Sete tnahe onan daaial R EARTHQUAKE! The Summer Stock ENTIRE of the ‘vives Standard Knitting Mills, a famous _institu- Heh with principal warerooms at 648 Broad- + on sale at The Surprise Store. Tens of thousands of Men’s Undergarments ia Ten Stupendous Groups will be sold right out of the original mill cases-—just as they come to us, but TO ACTUAL CONSUMERS ONLY. DEALERS ARE EXCLUDED FROM THIS SALE. TRADE MARK, Lot No. 1— ° Lot No. 6— 50c, Underwear, 15¢ $1.25 Underwear, Actual Value, at Actual Value, at he argon vale black and others, 45¢ Kk, heliotrope mndethe world, perior article blue, purple, $1.25 Underwear, Actual Value, at in blue Lot No. 2 65c. Underwear, Actual Value, at 1 9% Men's Underwear of seven splendid kinds —blue, pink and lavender, also blue, pink aod wn Meiped “and excellent” ats L Lot No. 8— ae Undaewean 23 | $1.75 ae ee) 3¢ Men's pink, bine and brown Underwear, Sea ie tr © weave, eto an Snes a fare beyond under | Lot'No O.. Lot No. 4— $2.00 linderwear, Q5c. Underwear, 29¢ Actual Value, at 63¢ Actual Value, at Men's Underwear in eight sub-divisions— Fs coronation purnte and all other shades “plainly worth treble ihe price, 206. Lot No. 5— $1 Underwear, 33 Cc Actual Value, at The rich, yacht striped Underwear, dlue, an,‘ piak notin. effectersevory body knows thelr high quallty—33e Men’s All-Wool Summer Suits, Consisting of Coat, Trousers and Belt—a quantity of fresh styles in light,medium and dark shades, annels and homespuns, sil sewe Men's Pure Worsted Serge Sui Full indigo blue and fast color gray—all acid tested fabrics, gracefully tailored, silk sewed. “Remember, No Serge aut from the Surprise Store Was Ever Known to ‘ade Men's and Boys’ Straw Hats. ee eR tae = mt me 23c, 45c White and Fancy Woven Adee 45c WashSuits, {22 eine ’ fang novia In only Underwear in blue and waite t xrade Rood Lot No. 10 $2.50 Underwear, Actual Value, at ", 15¢ Blue, gold and red stripings combined, also’ helfotrope, red ‘white com! bin o mbike’ tine: plus ane pink mercerized, top grades at Toc. ! $5$7.50 i $7.50 Men's and Boys’ Negligee Shirts, sof genuine Gal iqie wna C naiwErays with Se berate Cums tea.cras -29c, 45c,75¢,95c Always Remember the Double Guarantee of Money Refunded In an instant if you wish it, and Free Repairs for One Year of All Clothing Bought Here. What Next? Every Friday See the Surprise Ad. Other Days Until 6:30 P. M, 132 to 146 W. 14th St. “NOTHING SUCCEEDS LIKE succrss” is but another way of saying This is clearly demonstrated The fact that they come “regular is conclusive evidence that they are satisfied. These splen- SPECIAL FOR FRIDAY ONLY. i) aialerpiein'y sivig PDs ‘. 100, SPECIAL FOR SATURDAY ONDE: 10a 10c 130 eee, BR PEANUT BRE ED FRUIT AND NUT CHOCOL HMALLOWS .....-+ BONHKONS AND CH The main point is this:— if, you pay more than $2.60 fora god Good- jear Welt Shoe, YOU ‘AY TOO MUCH! Ask your retailer for Sho bearing this trade-ma c0°DY EAR WELT DIAMONDS, WATCHES & JEWELRY EXTENDED ON LONG CREDIT. references required Jelivery. STRICTLY CONFIDENTIAL. ONR PRICE, CARH OR TIME L, W. SWEET 8 CO., ,_. Leading Credit Jewellers, 37-3) Maiden Lane x sronx), UPTOWN BRANCH 258 Sixth Ave. (OVER WOOLWORTH '8) BROOKLYN BRANCH, 467 Fulton St., (OPPOSITE MATTHEWS’) CALL, WRITE or TELEPHONE, No emptoyers’ JAMES MEANS SHOR for has heen known and approved by the public for 44 years, It le she first hoe ever put on ihe market at w retail fi widsiy knowe shoe for men wh a at 50, pody’ na over been SAV vr otal) et Es, 4 BAVIN etropo Hh Lely THE ae Viet Kid Bale,, on Clyitan Lasty Viet Kid Oxfords on Metropolitas Ou all thes he aixes to Tl, width 3, 4, 6 tind 6. hall widit s. Healers “ive wunpiled witty th tly from this factory 7 Laat . ut mpl pe BEAT TUL ICR TE SAVIN ICE FAD C2.. PHILADELPHIA. DIED, “| Aaturday morn) Calvary papers picnwe conse