The evening world. Newspaper, August 13, 1902, Page 2

“and battery case against THE WORLD: WEDNESDAY EVENING, AUGUST _13, 1902, ANKER FINED OR ASSAULT. GordonMcDonald,with Speyer & Oo., Twice! Attacked Young Law- yer in Station. IN THE GRAND CENTRAL. Attacks Were Made Without Warning and the Victim, A. | T. Smith, Did Not Retaliate tn Kind. Much mystery attaches to the causes which led up to an assault made by Gordon MacDonald, Vice- President of the Continental Trust Company and Interested in the Wall street firm of Speyer & Co., on Abel 1. Smith, jr., a young attorney. Al- though MacDonald was arrested and fined great efforts were made to keep the matter secret. These efforts ‘were apparently made by all parties concerned, but the fact of the assault has become known. Victim Describes Assault. Albert 1, Smith was seen this morning at his offices at No. 9 Wall street in reference to the assault and made the following statement to an Evening World reporter “T have the clearest sort of an assault MacDonaid, and sult has already been entered this morning against him through my attor- neys, Robert H. Little & Co., for $2000 damages. 1 do not believe, however, that the case will ever go to trial, as I understand that MacDonald {s willing to nettle. “Phe assault was altogether premedi- tated. 1 was standing outside the Grand Central Station when MacDonald ap- promehed me, and, without a word, ran into me go violently that I was knocked out into the street. The fellow then did not even deign to offer an apology, but stafted on. I picked myself up and called after him. “At that he turned around, rushed up to me and without ing a word hit me across the eye with such force that | Was laid out. Beto: could get at him a policeman had him, to the police court under Uon, where he was fined $10. “Qhere was absolutely no reason for the assault. I had never the sta- BUOYANT TONE WN ALL, STOCKS Optimistic: Elément Had Full Control of the Market and Prices Moved Up. STEEL WAS A FEATURE. Return of Morgan and Pros- Litigation Had Good Effect —Grangers Active. The stock market reflected the bull- ish feeling which was the one doml- nant tone to-day. Throughout the entire session the optimistic element had full control, not as broad as on several days |ast week, many of the speculation pools were eliminated in the general mar- ket activity. The fact that J. P. Morgan and James R. Keene, the two most in- fluential factors in the market situa- tion, will soon be home had a de- cided effect upon prices, All the Jasues which they dominate had @ stronger and healthier tone, and in several advances were scored which were totally a eurprise. Btocl Insuce Stiffened. ‘The Steel issues, which for along time have been siuggiah and dull and disposed to recede on all attacks, were to-day in the Ist of advancing evourities. The payment of an additional $10,000,000 of profit to the Bieel syndicate, coupled with the belief that obstructive litlga- tion would soon be removed, added strength In the general rajlroad lst there was a buoyancy and optimism whieh was due to the highly encouraging crop news which continuea to come from every quarter. All of the granger roads had substan- Ual accessions to their figures of yea- terday, and this without specific infor- mation in any particular instance. Southern Consolidation Story. A decided effort was made to boom abbed him and led/the Southern ruliroad group on the time- worn story that Mr. Morg: will be quickly followed by a v return t COn- een the MAN |solldation of roads In the South, pect of Early Settlement of} and though the market volume i before, aad the only roason that 1 can assign for his bumping Into me in the first place is that I was standing In. the it was stated In this connection, with a decided degree of posttiveness, that the first Morgan combination would be * based on strong cables and the if Eireck. ine the was evidently makin, for the trala: : fe Mas a Hot Temper, understand that MacDonald is a tho Popular man, a member of the Union and other ‘clubs and a multi- fonalre, He has never able to control. This sult for damages may coo! it # bit. I have two vitnesses ON} ill prosecute him to the full extent of the law." Gordon MacDonald lives in a _hand- some Summer home, known as ‘'Maplo- burst,” in Hartsdale, near White Plains. He wag marr! to Miss Emillie iin and (wo years ago purchased an Island in the Sj. Lawrence River, where 7 entertained lavishly. He is a memb: of the Downtown Association and the Century and Union Clubs. At the office of Speyer & Co. inquiry for Mr. MacDonald brought forth the reply that he had “gone to Canada.” CHICAGO WHEAT EASY. Prop Conditions and Southwest Movement Bearish Factors. CHICAGO, Aug. 14.—Aftcr an early show of firmness on strong Liverpool eablep grains sipped back to an easy position. ‘The weather was not as wet as had Deen predicted; the Southwest was mov- d4ng wheat liberally, and generally re ceipts were larger than expected, Early trade was not heavy. Cora Fecsi ys to-day were bullishly dow at twenty-four cars. The cash de- ™mand also improved and gables were Oats showed go0d strength during the early trading. Provisions opened quiet and easier, Hogs were in moderate supply and prices lower. —___ The Wheat Market, ‘The wheat market to-day opened with fairly good strength on covering by Jocal wheat shorts. The covering was trength of the Northwest markets. Later the market teadted fractionally. Cora dis- layed fairly good strength at the oper September, which advanced that opt to 68. Later there was a slight react) wheat | were: | 8; De Bep ing prices were: Whe Beptem 7 to to 0'6-; September, 621-2; December, # 4-4 to 41 New York's ‘closing prices Wheat—September, 73-4; De pid ¢ May, 63-8. Corns) i December, 461-2; May, 441 of Wheat cembor 14 lcago’s closing prices’ were tember, Wie8 to Wi-4; [ SS to Oat: May, W018 Corn—Beptem ber. Bs; De 411-2 to 415-8; May, 31-2. SHIPPING NEWS, ALMANAC FOR TO-DAY, t++)6-07/8un sets....7,03/Sfo0n wots. 1210 “4 HIGH WATER. Sapdy Kook.,2. Gov. teiand. PORT OF NEW YORK. ARRIVED, 24)Meli Gate..5.1p ’ my G BTeAMBinES, r Maria Theresia, the cunmelidatien of the Southern Rail- Way, the Seaboard Air Ling and the At- JanUe Coast Line; these three, In turn, to Take over the Loulaville & Nashville on ai per cent. guarantes, and, while there Was no conlirmation of the story, # temper which he lit was believed to be probable. The Government crop report showia, such enormous prospective gains in ail crops fas made al the wuld Less § pronounced bulls on the general market. To-day’ pronounced activity and gen- eral agains in the Goukd stocks and the Southwestern issues were due alanost en- trely to thls change In sentiment Manhattan a L In vhe industrial Kat Manhatian was ler, the leader. It made a aubstantul gain on the strength of the settlement be- tween the company and the men, and ateadied down feature of the money market to- tay was the number of large loans on call, One broker alone made loans up wo 1 o'clock of $7,000,000, The rute aver: aged 3 3-4 per cent, Hocause of the ease in the foreign ex- change market thero is no danger of an early resumption of gold exports, Time money is quoted at 4 1-2 per cent for sixty days and 41-2 to 43-4 per cent for ninety days. ——— THE QUOTATIONS. Shares, 17,300 Amal 100 Am. icy 100 Am. Bicycle pt 4.80) Am. Car & Pound 100 Am. oni 400 Xin. Express Twine vt op Tranalt ore Worth W Gen, Westie 1) Gen, Chom. 40 eo. A. Fuller 2.1001 oot i 10) Inter, Pun we Centra OnLrAl pe * Bo K. i aM. of ity tun. ¢ Fn aM K nt ae ies i % 4 : 40% ) Keokuk @ Des Molnes. thy 10 Koo. '& Dea Svinte pt. 73 Long Island 4 we, Loulayille @ Nesbville 149%) a We thperintirest ny ii 1% 1 14 148 A TaN ’ WALL STREET GETTING READY TO DISCOUNT THE BIG GROPS. CRAPS AIR Goop SCHWAB MAKES — {SHAW TO INCREASE MILLIONS PROFIT.) FEDERAL DEPOSITS, Will Make More Government Money Available for Use in the Crop Movements—Wall Street Reassured, Enormous Revenue Derived Through His Recent Deal- ings with the Big Ship Combine The details whereby the Bethlehem] Secretary of the Treasury Leslie M. Steel Company's enormous works were | Shaw has reassured Wall Street fnin- transferred to the United States Ship | ciers by iis statement that he will in- uulding Company, known as the ship) crease the Government money in ni- trust, have been completed, and through | tional bank deposi: irles when the crop ma rowboat to a hattle- 1 npetely by f aid the OULD WILL TRY |G0SSIP IN AND ABOUT WALL STREET. LAW ON CASSATT Effort to Enjoin B, & O, and Reading from Abrogating Their Contract with the Western Maryland: Gates’s Co’orado Camraign. among the farmers of the Northwest. John W. Gates and his associates! They havo reduced the freight rate in the deal to oust President Osgood | on grain shipments along the Ine from control of the Colorado Fuel &| and have started .n to win the farm- Iron Company will start Friday for| ers by that most potent of factors— Denver to attend, the.annual weoting | 8¢!f-interest. They promise other of the company. If the boasts of the | Concessions in the near future. ‘This Gates faction materialize into fac’s | !3 & novel departure for railroad mag- the return will be a triumphal Jour-| ates, and its popularity is assured ney for them. The pig Westerner | ®¢ long as rates are low. claims that he controls 200,000 of the 2 265,000 shares of the company, and that at the Denver meeting he will elect George Gould and Edwin S, Legal counsellors for the Wabash have been ordered to examtne the con-| Hawley members of the Board. tracts which the | Western Maryland ‘ 2 8 nas had with the Baltimore and Ohio} ¢. ‘i And Heading. far the intercharge ot] Chairman BR, Cable, of the Rock Island Board, reports that over one- frelght It Is the purpose of the Goulds to see] hal¢ of the stock of the company has veen deposited under the new deal. George Gould and Winslow Pierce, President of the Western Maryland road, have decided to open legal war- fare againet the Pennsylvania com- bination and the Baltimore and Oblo and Reading. For the first week in August the To- ledo, St. Louls & Western reports earn- ings of $64,226, an increase of $5,612. From Jan. 1 Its earnings have bean $1,536,834, which Is a decreasn of $45,269. Money May Be Tighter. Conditions and possibilities in the money market have caused a rift in if an Injunetion will He against the B. & O. to prevent its carrytn out {te an- ser pe nounced. plan, of “diseontinulng “after! Stockholders have until Sept, 1 to make| the Wall street lute. Conservative Sept 1 the Interchange of freight with) the exchange, and Chairman Cable be-|{nterests which have never looked the Western Maryland, | Hoven that practically all the stock will ole Heamld, Maat the ‘contrast, between | yen Coal Kindly upon the kind of stock gam- which the latter latends to abrogate at | eo 8 j dling indulg& in by the Western tha inatance of ane vonneylventa, has Mrs. Huntington's Wisdom, combination are standing aloof tem- — Mrs, Collis P. Huntington, whose | Porar!ty and watching the speculative Liverpool Grain and Provistons, arena closely. They predict tight acquisition of the Colorado Railroad jointly with Liv Wheat quiet, DR Spot Gs, 10.; No futures quiet; September, 5s Yecomber, fy, 10 3-8d, Ce Mn A N Closing: | recent Spring Southern a, dull, money rates and a contraction of ‘ac- George Crocker and Edwin 8. Haw-|¢™Mmodations in the near future that will jar some of the pyramidal fel- ixed—Bpot wuiet, 68, Mf Ltd: ley, startled Wall street, has had her awa, September, 4%. 111-4d.;| good judgment attested. The divi- . Py October, Qed; Ja nominal, “3 (Perk Prine meng Sis. dend on Colorado Southern has been! august and July earnings of the BSe BACON Cabtal? (iit''fy | Increased and the road 1s eald to be United States Steel Trust are said to (ann. 16 to Min excellent condition, Its value fro:a|Fange from 1) per vent to 2 per cent. jong clear ght, 28 : ‘ above theofficial estimates, with chances fy middies, | 4 Strategic point of view has also ely golng still higher. This would ohn ete betta’ | been enhanced since Mrs. Hunting-| indicate a yearly return away beyona houlders—Square, 11} 40n made her venture. $140,000,000 estimate of President - “eS 1. will be the second week in sep- 1400 Mina. ese iat 1g! tember before the Committee on Btock | Goulds After Coal Trade, ree 3 M G4 | List of the New York Stock Exchange! The Goulds have under way in en- + Kan. & Tox 8 appl is | acts on J. P. Morgan & C na Tex, of 1% | thon to. ist 2810,000,000 rubles Btate 6 ergetic fashion plans for securing a ee Le Ni® | per cent. certificates of rentes of the trafic to compensate them for that ere 4 % | !mperial Russian Government, The ac-| which will be diverted by the B, & O. dent oh 4 | tlon of the committee will be favorable, | trom the Western Maryland on 1 Nat Be Reet Men:., aw # as this means really an extension of 21,800 Norfolk @ We Zoe) the importance of thla Ananctal centre, |S@Pt- 1. They have undertaken to . Ho | “eer develop the coal properties of the west Virginia Central and the West- ern Maryland as the best means of retallation against the Pennsylvania combination, President Cassatt and 864 Pacifying the Farmers, ty! 2: Ps Morgan and J, J, Hill, control~ isa Mng respectively the Northern Pa- lig, ¢ifle and the Great Northern, both of yi | Which are now merged in the $400,-| hls associates have heretofore held , 000.000 Northern Securities, have|the coal trade of the roads in ques- ws started a quiet campaign to make|tion in check because it would hurt Hs the Transportation ‘Trust popular | the coal trade of the Penusylvania. 7 12) any | based on unfavorable crop the belt, ‘The market becar he rine, ‘There was some buying in the early market, CURB MARKET STRONG, Seaboard the Only Feature of Out- reports from sleady on European The opening prices were: August, 6.34 side Dealing. to 8.55; September, 7.87 to 1.88: October, ‘The curb market was strong to-day 74; November, tot; december, 66; January. 7.98 to'7.67; Febru: 745.0 7.66; April, 30 P, SL. ‘were: Septem: be Delober, Tie Docomiber ids With Seaboards the only feature, The common sold up to 4 1-8 and the pre- to 55, 8 at 1 o'clock for the active | January patent: | LONDON MARKET STEADY, ie | Realty phac $4" | Ean Francia 1 | Ban Praneseco 12% | Northers bay 0 on fg Mork ties Fairly Active, Irregular. The London market to-day was mod- rately active, with a steady tone pre- valling in all departments, The excep- tion was in the copper stocks, winich were weak, Prices were at about yea> torday's level. In the department for American rally way aecuritics trading was falrly active, Kaather pt ‘The Cotion Market, The local cotton market opened quiet to-dey, with prices 2 to 8 points lower, uy se Nhat ete de Pee 7 abares, and of bonds $3,183,000, ‘cent, on Ok. All that has been removed by the Sec- tary’s statement. EXPECTS EARNINGS FOR UNDERWRITERS OF $150, 000,000 Third Instalment of Dividend! Estimate Placed by J. J. Hill on $200,000,000 U. §.j onthe Yearly Profits of the Steel Guarantee Is Paid to) Northern Securities Com- the Syndicate. pany. * companies have mounting to $59,000,000. $30,000,000 PROFIT orders | yp, | The United States Steel Corporation | ‘Underwriting Syndicate members recely- 1_to-lay the third dividend of 6 per he underwriting of $20,000,000. Up to date 121-2 per cent. paid in has been returned, and in addition 15 per cent, profit has been paid, ‘The proiits alone that have been paid | up to this time aggregate $30,100,000, which ts $5,000.00) more than the original amount put up by the Underwriting 8yn- dicate. estimate on general conditions of busi- ness, the natural development of the West and the prospects of an immense , | Metease in earnings and a further de- ST. PAUL, Aug, 13—The earnings of the Northern Becuritles Company, ays lames J. Hill, its President, will. be $150,00,000 for ‘the year beginning Jul 1 in these earnings he calculates only Upon the Great Northern, Northern Pa- eile ane Buri'ng ton. the gross earnings of the three lines reach $13,000,000 It swil’ mean ah ade | Vance of about $24,000,000 over the earn- | Ings of the year Just completed. | Many people who ‘heard Mr. Hill's prediction last year that the Northern Pacific and the Great Northern would increase thelr Kross earnings $10,000,000 thought he was too sanguine, but the actual increas Was $16,700,000. Mr. Hill, it 1s understood, bases his crop. It Is also based upon an expected | crease in operating expenses and con- | ducting business resulting from econo- | mies made possible by the merger. The grain tonnage this year, Mr. Hill w es anything In the his- says, will surpass tory of the Northw ——$—$<——___—_ Big Financiers Will Be Back Next Week and Wall Street Expects Some Tall Shaking PRUSSIAN ARMY BARS OUR LARD. BERLIN, Aug. 13.—A recent Prussian | Uons waich have been neglected for sev- Prices were irregular, with little change | army order forbids the use of American lard in arm; hams mus! ighter-hou: Up. be bought of domestic James R. Keene, who has been abroad for several months, will adil for home Friday. It is sald that he has quite re- covered his health and 1s now strong and well. Immediately following the return of Mr, Keene and J. P. Morgan, who sailed to-day and 1s expected to reach here next Monday or Tuesday, $1 Is expected that active movements will take place tn many of the Morgan-Keene combina- al months, fhe recurn of Mr. Morgan will be sig- nalized by the incorporation of the big American holding company for the At-| lantle Steamship ‘Trust, | Tt is also expected that he will hasten | a termination of the various eults pend- | Ing against the Northern Securities Company and the bond conversion plan! of the United States Steel Corporation. | WILL ENTER BIG HARVESTER TRUST Aultman-Miller Company, of Akron, Likely to Join Other Large Concerns in the Gom- bination, THIS IS A TYPE of the is not afraid of sun, wind CuTicuRA Soap assisted b AKRON, O., Aug. 13.—Mr. George W. Crouse, President of the Aultman-Mil- ler Company, makers of the Buckeye mower and reaper, said to-day in gard to the combine of harvesters man- ufacturer “I cannot state positively that the Akron Company will join the combina- tlon, but TI think there is no doubt that we will enter St, I know very Ilts tle about the matter at present further and soreness incidental to o the circular -yiLn Cumicura Soar, than the fact that the combination has been incorporated. “It will probably include all of the larger concerns Interested in the manu- facture of harvesting machinery and farming implements in the country, “We Swill be probably. called on. by. representative of the Company tn the near future with @ proposition for us to ) Into the Dig company, and there Is ‘ardiy any doubt that’ our concern will soon become @ part of the big com- bination,” ee OLLEY TO PHILADELPHIA. BALTIMORE, Avg. 18,~The Union ‘Trust Company, of this city, has closed the underwriting for an interurban trolley ling which will constitute @ link in the long-distance troiley raliroad be- tween New York and Philadelphia. PE tc Indastrials vy on the Boerse, BERLIN, Aug, 13.—Trading on the Boerse Was at @ standstill to-day, await- ing the result of the settlement in Lon+ Induatrials were heavy: don, ELBERT HUBBARD, Elbert Hubbard, author of “A Moneage to Garela,”” hes written another remarkably strong and inepiring story entitled “Get Our or Get in Line,'* ‘This book bas been published by t! ufacUrers of the famou» Ralston-Purina Oe. will oe, Kitchens, and directs that | CLAIM FRAUD IN ASPHALT TRUST, Application Made for Investi- gation by U. §&. Court to Establish Liability of Pro- moters and Stockholders. (Special to The Evening World.) NEWAKK, N. J., Aug. 13—The tangl resulting from the financial difficulties of the Asphalt Trust again figured in the United States courts to-day, when Charles M. Schwab, president of | moving season arrives, J. Dougiass Brown, of Phiadeiphia, ie Biol Tee @! Financial leadere who are not alto:|inado uppiication as couasel for William! Ore Ret eautounat ether sathfied with the monetary out-(C. Buluct, jr, of Phiiadelphia, for an Mr. Schwab purchased the works from nok NeXe Suen trying hard to persuade) der uirecting (he receiver of tne As- ga dest ot Mhich he ts President, for tie secretary io renew the purchase uf|pnait Lrust to make an Inveatgation Fr. Su.0n cash 9) his personal account. ponds, which he stopped sq. summary | ‘nio the formation of the Trust and the Phe deal by rach the works become soon atier his asaumpuon of oltive, itabilicy of promoters and swckholders, SEAT E Heh weeh SA OOO Ce ete eeee | «This Bee y Show hes so far firm-| “A petition covering u score of pages Riven Airy [CB WAb #10 0r0ey of conateral | iy reruns 0. He nas said that heJoy typewritten legal cap accompanied Fe eee Oe ete eed yt | Would like to put more Government’ ins petition. apc and ssium) of preferred stock. | money into circulation, but he Wal, not. Judge iirkpatrick refused to grant Thus, for $26.0 be nano the securities | aq fh h the medium of bond pur-/ the order at once, holding tt would frst st he sells what cox. him | Shage be necessary to noufy all concerned, Nisan knerannctes Vatil Wall Street learned that he] ‘the ourt fixed Aug. 26 for a hearing Nixon hax announ Would adopt the expedient of increasing | in Newark, Notices will be sent out in enieAbr ec gs ernmesitis funds now in national) the mvantime. CR. Ot rarany. depositories, jt was uneasy o the vut-| The petition alleges that the original promotion of the American Asphalt was effected by a small group of men who Capitalized the company grossly In ex- cess of the proper amount and aiKo Pp ed a valuation on the propercies taken in by the formation of the trust greatly in exces# of thelr true vaine find many times the price really paid for the property, The petition charges that in this the directors were guilty of fraud as promoters by making figs statements, written and verbal, for the purpose of misleading the investing pubic, This the petitioners claim is fraidulent in law, and the directors are legally Hable. Continuing, the petition further charges that the false statements were published in the annual report and by this device the capital stock of tie Asphalt. Company of America was transferred to the National Asphalt ‘ompany The. petition prays that the Biddle Committee be required to show cause why any reorganization shall not. be postponed until the recelvers have had opportunity to ascertain the rights of howler or collateral certificates of the Asphalt Company of America. Road Presidents Meet. residents of the coal carrying comation met at the oMces of the Jere sey Central Raliroad. After the meeting President Baer, of the Philadelphia an Reading Rallvoad, said: “There Is no statement to givs' out. SPECIAL FOR WEDNESDAY. Ice-Cream Chocolates... Chocolate Bitter Sweets. SPECIAL FOR THURSDAY. Pench Bonbons.... | sheveasireerers Dates, .1b. 54 BARCLAY ST (COA WEST Sw \ 29CORTIAMT ST. | GOR CHURCH 15 bright, up-to-date girl who or weather, but relies on 'y CUTICURA OINTMENT to preserve, purify and beautify her skin, scalp, hair and hands, and to protect her from irritations of the skin, heat rash, sunburn, bites and stings of insects, lameness utdoor sports, ¥@™Much that all should know about the siin, scalp, and hair ts teld im The World’s Special 3 and 7 Time Rates i Gring and 7 Fold Profits.