The evening world. Newspaper, August 16, 1902, Page 8

THE WORLD: SATURDAY EVENING, AUGUST 16, 1902 ALE THE LATEST NEWS OF THE BUSINESS WORLD. _ TAREE FACTORS (cossiP IN AND direct lines from Omaha to New Or- Chance for Osgo RT STOCKS. While, John W. Gates, Jamex 1 | /eans via Kansas City and St. Louls nile John 3 : te ©) Miteheit and James Blair are UTY-| at penort of the Buffalo, Jing to Denver to complete their al-|p neater amd Pittsburg Rellway gives leged rout of President Osgood, of the}a total net Income of $639,680, which ts Fear of Poor Bank | coioraao Fuel & Iron Company, the /an increase of $118,098, It has a surplus ‘ lan which may | for the year of $9,704, which Is a de- igher |latter has sprung a pl ea Statement valine defeat the Chicago coterie of |" of 401 yet speculators, Money and No Crop) News Affect Market, | According to the 18%8 Woy for Morgan, President A, R. Stickney, of the Chicago Great Western, is unusually emphatic in his denial of th» story that J, P. Morgan and Edward H Harriman are negotiating for the pur- chase of the road. Mr. Stickney says that the line és not for sale and that it will remain as heretofore, a strict- ly independent railroad. Because of its importance in the traffic situation Jorado all stock of corporations fore ing. jot C | must be registered in the State 1} jt can be voted at an annual m It transpires that thousands of sh held by the Gates faction are not reg- 3 istered in Colorado, The stock books: m Southern Pacific’s Advancel are neid by the Osgood people and Checked and the Gould Is-|they won't let Gates have them. The sues Weak—Early Gains in|courts have not yet passed on the Several Securities Were Lost | matter and the annual meeting Is GATES BROKERS ACTIVE. Only Aye dey sen ey the ownership of the Chicago Great Western is one of prime importance to-} For June the Chesapeake and Ohio Three things eoarnired to ett ‘ Railroad gives {ts grows earnings as|to the raflroad world. As its Preal- Gay's market a ‘vacillating one—the ab-| roi oes, a decrease of $119,687. For the|dent, Mr. Stickney, has been Independ- 0 he fear A Baer accitonal Fa ee en cnces [Maca year tts grosa earnings were # [ent and fearless and has not failed to of another increase In call mon; rease of $66 Lviiile she yt futee whens doomed the lacheds and the bellef that the bank statement} n earnings showed a loss of § 9 1 n ‘The Cambria Steel Company will soon] tle too high. would be a poor one. f 1 * « 6 ditions In the stock |Acauire control of the Republic Tron and al conditions In the stock | ieel Company. ‘The deal, which has! Jersey Central's June statement gives market—where the bulls depend upon |i nen pending fof some time, Is said tO] gross earnings of $990,874, a decrease of ood crop news to boost prices and the | have finally been arranged and will be) s12,903, From Jan. 1 to June 30 the : bears look to the monet situation to summated soon. gross earnings were $7,422, a decrease ; force a lower level—have changed edie! ‘of $660,780, while for the same period its e we ope C1 et }283,015. urig the week Tene Gastecinnk Goulds Aceept Bonus. operating expenses ini i ed $283, ; ear factor. ‘The Goulds have accepted the bonus} 3 z day the bear factor, and it was strong Extend the VFrisco 5 @nough to hold well within bounds the|offered by the citizens of Marianna,! &xbending Trisco. Speculative element which has been a&-) 41%. for the building of a line from| The next important move made by the St. Louis & San Francisco will gressively forcing values higher This new ABOUT WALL STREET. from Birmingham. With these little details completed and with its ac- Quisitions east of the Mssissippi, the ‘Friaco will be in position to compete with most of the big systems of the Southwest Under the plan for the Issue of $100,- 000,000 Southern Pacific bonds the rights Incidental to the issue will constitute practically a dividend on Southern Pa- eile stock Keene Stocks to Boom, Friends of James R. Keene say that his return to Wall atreet next week will be heralded by old-time activity In his specialties. During the last five months hie health has greatly improved, and be will take up his speculative game with re- newed health and energy. Since he has been abroad there have been many reports concerning the United States Steel Syndicate. It is offictally stated that the syndicate {s still In existence, and that Mr. Keene remains in charge of it. He will direct the market oper- ations of the pool as heretofore. . 8 8 Deal in Southern Roads, Within the next three weeks the railroad map of the South js expected | to undergo many and drastic changes. It is admitted that the return of J. Pierpont Morgan will bring to a cul- mination two or three big deals which have slowly been unfolding. In con- nection with the permanent settle- ment of the future of Louisville & Nashville is a deal of such impor- tance that it alone will make radical changes in the Southern railroad map when it is finally approved by Mr. Morgan. vu c Sto Memphis to Trippe, Ark. r Aas Teniaguthe road J to form part of the Gould line | be the announcement of its extension Reon stain ie duel from Memphis to New Orleans along |to Galveston and the coast. President mepitewesslct Waa) there iany '@ the west bank of the Mississippi | Yoakum admits that he has told Gen- ; eee inthe instance cee tae ace" | River, ‘The offer has been acc&pted | eral Manager Winchell to go ahead ; Pools. by the Goulds on behalf of the Mis- |and complete the map of the system, a Southern Pacific's lively advance of |g which will soon have lincluding an Atlantle coast outlet souri Pacific, t the last few days was brupt 7 eee eas checked by the announcement that tl ‘ 02 @hrectors had recommended an isaue june over commission houses until Mon-| 200) nt ae sc ae ay iy : day, so e q 20) Continental pt 121% 121% 121 P. $100,000,000 additional bonds | on money rites A ieatoowiny Gin ai Sie 4 Tne fact that the right# which the| $$$ 100 Del. @ Hud 1 179 igsue will carry will be equivalent to a} 400 Den. & Rio + Oe Se BK 1 en, io G. 98 Small dividend on the stock was all that | THE QUOTATIONS. ae bee Me Pesce, eee Onin ; Prevented a recession in prices 8.700 Detroit” Roath... ga 3B 2a q The Gates manipulative pool was ac- ———— ioe piaiiing ee Lath me Ue tive in Clover Leaf and carried the Unt Ry. + By 86% 88 Stock beyond the 3) point mark, but it EU des 3% 38K Bb pachiating Copper a 3 into. ed Was vacillating and so much was of-| ‘Am, Bicycle pt 200 Brans, @ Terre Haute 614 61% 61% fered at that figure that it broi frac- | b Am, r, & Foundry 100 Ft. W. & D. ...., G8 68 OB ticnally severa 1 Aum. 1,100 Uilnola Centre) 168% 168 168% iy x HLH ea, | ‘Ani 1100 International Paper. 21% 21 1 Go Innu Wenk, 1 Am. 200 International Paper Lh Ti TM THe Weakness jn Missouri Pacific and otnep Am 100 Inter, Power ... eo 686 6 Am. 800 lowa Central Oy ww Gould Issues was attributed to a tem- Am 200 Kay. City South 3 3h 3M porary lull in the operations of the An. 300 Kaa. Cty foun. it: MB” GOK BOK ‘ isa) Am, Se an i a Rockefeller-Gould pool. Prices receded Aa reset Keak aes a! By By Bs .&&F fractionally and the weakness was not Am. Tol, & Tel, Go.. 8.200 Louta & Ne BE 151 102 pronounced, Anaconda Mining 100 Met. Bee. WZ 127% BT sasead Atch., Top & 8 PF, 2.600 Manhattan TM 184% 134 Tue reactionary tendency which spread Ralt. & Onto 200 Metro. St. RR 1484 I 147 io many of the heretofore active s Wkiyn f Tran 600 Mex. Central Scrat +. Maat: f. S f j iY s Dutt, Roch. @ Pitts 100 Minn. & St. G Naat rami § cn the belief that the bank statement ran.” Pacitt 1,900 Mo St 8M Bie might show surprises, restricted the f Ono 200 M., SUP. @ 88M. pt 133 Un. Trae Io ‘ % activity and volume and made the mar- 3 ate: On Weat UOMO, ean oe ee me . ket almost entirely professional Wer Bo 5.400 Mo.’ Pasife ..... Early gains in many of the issues} i) CG, Mi a8 400 Nash. nat. Bi, 1. 120 tet 2.000 Chie., R Were lost in the second hour and up to iachie . the, close the tendency lo take march. tern Profits at every available opportunity Male < In the Industrial list there was no SER RN Gate natn: pronounced activity. Copper we 1% Col Fuel Iron TON Ye NH under selling pressure. ‘The Steels w 400 Co}. Southern 700 Ontarlo & Weetern firm and stronger. 100 Col, South Iet pt 00 Pacific Mail All loans were made yesterday to] 300 Col South. 24 pe 5,300 Pennsylvania 100 Rudder Goods if 1400 Sloan sheitiela $0 Southern Pacific $,800 Sourtern Rail 600 Southern Rati 300 #t. Jo. & GT im pr 200 Si. L. & San Fran : La Ww. pt 5,500 Tol., Bt 300 Twin) City Lees 100 Un. Bag & r 6.200 Usion Pacine 200 Union Pacito Central ph...) The total sales of stocks were 21 shares, and of bonds $1,232,000, ——— WOUNDED HIMSELF. Policeman Nicholas Walsh, of Jersey City, while running to a fire to-day w shot through the left foot, his own Tr volver dropping from his hip pocket and being discharged. ROCK ISLAND MUST CHANGE ITS LAWS, Stock Exchange Will Not List| New Securities of the Road While Objectionable Fea- tures Remain. Tt 1s sald to-day that the Rock Islan Group of Western speculators will he to materially alter their reorganization Plan before the new securities will be listed by the New York Stock lxchange. The LAsting Committee is sald to have discussed the plan with the Hoard of Governors of the Stock Exchange and to have decided that changes must be made; before the securities will be permitted to be accepted. ‘There are two points particularly te which the Stock Exchange committee atrongly objects. One ta sald to be the provision under which the majority of the Board of Di- re rectors is elected by the holders of the The other objetcionable feature is a provision of the proposed charter which | Permits the directors to trade in the Various securities for the account of the company. The Rock Island management is said to be willing to change these two se curltles In order to get the stock liste $$ ‘The Wheat Market. The wheat market to-day opened Quiet and easier. There was quite Uttle selling of wheat at the start, im- pelled by lower Liverpool cables | and the absence of rain in several of the spring wheat tates. Later there was slight rally, Corn was steady at the rt and gained a little in. strength later on an advance in Liverpool. Trading was. very quiet New York's opening prices were: Wheat—September, 787-8; December, May, 743-4 bid. Corn—December, 46 8-8" bid. Chicago’ aeptember, to 67 1-1 Corn—September, 411-2; May, 39 1-4. BIG TIDAL WAVE WIPES OUT CITY. Attalta on the Pacific Coast Is Destroyed and at Least Thirty Are Known to Be Drowned. opening prices were: Wheat 38 to 701-8; December, May, 693-8 to 691-8 611-2; December. CULTAGAN, Mex., Aug. 16 —The lower portion of the city of Attalta on the Pacific Coast, just west of Cullacan, has been completely destroyed by a tidal wave and not fewer than thirty people are known to have been drowned. ‘The property Joss ts heavy. It is re- ported that several smaller coast towns, situated above Attalta, were completely washed away by the same tidal wave 4nd that the loss of life in these smaller places is very heavy. Reltef for the sufferers at Attalta will be sent from Culiacan and it Is expected that State and federal governments wil! take prompt action for the destitute. ‘SOUTHERN PACIFIC NOT READY FOR VOTE Stockholders Will Not Be Asked to Act on $100,000,- 000 Issue for Some Months —Legal Points to Be Settled. Dire vf the Southern Pacific Rail- way Company suy that Ht will be month [before the stockholders will be asked to |yete on the plan to Issue $10,000,000 4 per eent. bonis. While the Executive Committee of the Southern Pacitic has yeted to issue the bomls the details for the expendi- ture of the money thus to be raised are hot ye\ worked out. | It is contemplated by the Harriman management to spend at least $40,000,000 on improvement and Paueaient and t proceed as rapidly as possible to do @o. The Suuthern Pacific is a Kentucky corporation and there are legal points to be adjusted before it can under the laws of that State incur as large an obliga tlon as $100,000,000. em TAXES CUT DOWN. tions Amount to More than wice Those of Last Year, BRUNSWICK, Aug. 16.—The Appeals, by whom are decided all appeals from taxes on local property, must have unusually generous this year or the new valuations NEW Commissioners been of property for taxation were unusually of the Commission- ighty- was taken high, for the report ers, just published, shows that in nine cases favorable action Upon appeals for reductions. ‘The reductions tn aggregated $48,500, double the amount of th reduction last year. As the city tax rate {s $2.60 per thousand of assessed" valuation, the amount Jost to the city Js over $1,100, which must be made up in some other way, or else will show as a deficit In the tax levy, eee WEEKLY BANK STATEMENT. ‘The weekly statement of averages of the associated banks shows Loans posite Ciroulation Legal tenders Specte Resarve Reserve reqitred Surplus. STOCKS FIRM ON THE CURB. Manhattan Active and Seaboard and Oregon in the Dealings. Prices generally were firm in the out side market and the demand was good. Manhattan was active. Seaboard sold 341-4 to 34. Oregon Short Line 48 were firm at 4 1- ——_ The Cotton Market. ‘The local cotton market opened quiet to-day with prices fractionally off from yesterday's closing. The weakness was due to profit taking by smaller longs, who were influenced by good rains in the eastern belt. There was very little Wall street buying in the early market After the call the list rallied slightly and sentiment was about evenly divided. ‘TraM@ing became very quiet. ne opening prices were 8. tones: Beptember, 7.0 to Mietad v 14 to 7. 76; De. VY. 7.78 to. aa f RENE rn ‘MORGAN AFTER OnIO SHIP CONCERN, Cash Offer of $18,750,000 for American Building Com. pany Will Probably Be Ac- cepted. {Special to The Evening W CLEVELAND, Aug. 16. r » for the pure rlean building Com; Pierpont Morgan ts behind the me cash offer of $18,700,000, It Is u has ben made, and will probably cepted. ul P The representatives of the E trust came with the intention of buying and made thelr offer to the American Shipbuilding Company, It wae to buy all their stocks with a generous amount of extra for the good will. fered for the common stock was $100 and that for the preferred stock $160. — UNITED BEEF CO. NOT SOLD. |‘ se of the] separat morning to see if work was being stern} ana without creating trouble. fs such, fear The price of-\made to resume work. done on Monday on Tuesday. Warneke, pects protection, MOBS AGAIN VISIT WARNEKE WASHER} Three Bodies of Miners Marct to Scene of Recent Troubh —Are Negotiations Agair Started ? | to the Brening World.) JARRE, Pa, Aug. 16,—Thre bodies of Italian and Lithu to Duryea thi arte: t the Warneke washi and fndiny pat all was quiet there and the Sherit guard, returne¢ ‘Their tempe however, that am outbreak 4 as soon as there is an effon This ts to be Frederich the owner, stating that he & med to resume and that he ex If Sheriff Jacobs cam WILLIS niua strikers marched his deputtes on OMclals of the United Dressed Beef| not furnish it then the State troop: Company deny the truth of the story | must Sent out fram Chicago to the effect that] Sherif€ Jacobs expects that soldier: Nelson Morris & Gp. had obtained con-| Will have to be called. ‘This moss trol of the United Dressed Beef Com-|there are again rumors that negodw pany tions are under way for @ settlement o It was said negotiations for the pur-|the strike. There was a hasty confer ase had been conducted by Edward|ence of the three district presidents Morris, and that three million dollars|and after it they refused to state whw is the price paid by Morris & Co. matters were discussed. This and thi Isaac Blumenthal, President of the | fact that this afternoon Mr, Mitchel United Dressed Beef Company, said: leaves on a trip to the West indicate “There ts nothing in it.” hat negotiations are again on foot Mr, Mitchell ys he ts only going w AUTO USED AS A LIFE-SAVER, | visit. mis family at spring Valley, but it is believed he will also mee 5. som: the soft coal leaders and tha: Empty Runaway Car Caaght by | a4 important inatter will be discussect Mobe, Preventing Colliston. with them. Operators who were inter CHICOPEE, Mcss., Aug. 16.—A head-| viewed this morning on the posstoility on collision between a regular and a]of a settlement being at hand say they special car on the Indian Orehard trol-] know of none except that which may bt ley line was followed by an exciting | obtained by all the strikers returning automobile pursuit of a runaway car. The collision was due to the fog. The regular car was stopped and the power reversed, but not in time to avoid a col- Usion. to work at the old rate of wages. SHIPPING NEWS. FOR_TO-DAY, The regular, which by this time was 8.. 7.0)[Moon sets... 2.44 deserted, began to move rapidly in the THE TIDES. i opposite direction. W. S. Major, the RR aire cere Wee conductor, and John Burke, the motor- o i. - man, seeing the danger which was im- |(overnst Cae tre ote minent to other cars, jumped into an PORT OF NEW YORK. automobile and gave chase. The run- away car was overtaken and stopped in the nick of time. TOPEKA JOINS CINCINNATI. American Inter oe i Venecuela Being Well Guarded, WASHINGTON, Aug. 16.—American nterests In Venezuoia are being guarded arefully by the navy. A cablegram w. receved at the Department reporting te arrival to-day of the Cincinnati at La Guayra. Another despatch reported the arrival] ( this forenoon of the Topeka at Curacoa, | 4 = Ri DEAD BABY BAPT A dead baby was baptized in Bayonne by Rev. Henry Nesbitt. It was the four-| 3! months-old child of Mr, and Mrs, T. H.] fy Clark, of No, 77 avenue D, Bayonne, Minneapoils, Mexico,” Havai ARRIVED, Ljverpoo ‘Montevider Palermt Babine Pas INCOMING STPAMSHIPS, DUE TO-DAY, + Liverpool. jampton. on. Arapahoe, Jackwourile. OUTGOING STEAMSHIPS. SAILED, Campania, LAverpoo}. nchorla, | Glasgow ij ‘aderiand, Antwerp. Athos, Jameson,” vndam, Rotterdam. Soldier Prince, Hohenzollern, Bremen, Argent ma, lamion, Daggry, Progreso, Lancastrian, Liverpoo). Proteus, New Orleans, ritish Prince, Anuwerp. Bl Valle, Galveston. Romalind, New?dland, — Comanche. Charleston, retocie, Hermuda, | Conaho, Galveston. The Remarkable Young Has come to Other Prominent Features of Interview with Mrs. Maybrick in Her English Prison, by Harriet Hubbard Facing Starvation in the Arctic Zone, by Harry de Windt. Woman of Bulte-MonZana, whose Book “THE UTOR Y OF MARY Me2cLANE,4y Herself.” has been unquestionably the most widely- discussed "book of the year, ew York. under special enga THE SUNDAY WOR The Duchess of Marlborough and Her Children. A New Picture. ement by LD to write FIER IMPRESSIONS oF LILLE! FAST How a Girl Masquer: _ aded Six Years as a Man. President Strenuous Rest Cure. Roosevelt’s To-Morrow’s Sunday Turning Lightning Flashes Into Food to Save the