The evening world. Newspaper, September 2, 1902, Page 2

Me OCKS LN AFTER HOLA OPERATIONS. Some Reactions in Later Tradings, but Volume of Business Was Large and Tone Held Firm. Good news over the triple holiday set Wall street going in lively fash- fon, and the market opened with a buoyant upward swing. . Stimulus to prices was given by the good bank statement, the heavy buying of Americans abroad and the continued excellent crop conditions _ “in the West and Northwest. The statement that Gecretary of the ‘Treasury Leslie M. Shaw had ordered the Bureav of Engraving and Printing to print at once 10,000,000 in banknotes was the strongest bull feature of the ey Rat It offset the rise in call money rates to & and 6 per cent. and discounted the effect of the transfer of 900,000 "ta Chicago through t! jub-"Treasury. _ With this additional amount of cur- Fency ready to be issued the street is rid almost wholly of the haunting fear of a money stringency. Reading common was the feature of the market In the closing half of thi . It advanced beyond 72 on dealings a of large volume and was cagorly Bought. 7 */The Street was apparently confident ethat Senator Platt knew what he was talking about when he predoted an early end of the strike. Another story to account for the rise ‘was the one that old interests were buy- ing for control. Jump in Southern Pacific, James R. Keene's pool In Southern ‘acific took an aggressive stand to-day nd forded the price up to the highest figure.* it was reported that Mr. Keene had had wu conference with the biggest In- joresta In the property and had notified them tha he woukl not tolerate any juuve speret selling of the stock. thowever true the stock nearly than close and the this was, points was higher one of ennsyivant t-ure and Ohlo showed strong advances aad were largely dealt In by investors, Big Pools at Work. Western commission men acting for the Chicago contingent, and in concert with the pool, tried to force Atchison to ir. ‘The slock rose nearly two per Pint, but fulled to touch the high level url Pacttic, In existice for two yare, uidated | with iinaily it gome profits. Ynsiders are suid to stand feady to support the stock, but hence- forth there Will be wo organized cumbl- pation to support it, as has heretofore th 5 brthe Harris-Gates-Lambert ‘tion waa dealing heavily in ) rh for apparently mand Bouboses, using the Southern Bory to ald the scheme, which ha. ig said combina- Detroit lative allway i Volume of Trading Large. b; Realization on a large scale affected sate get tasues, but the volume of ing was } in all the railways, gay Mfe Industrial list being weak and a ull, solorado Fuel and lron was again the weakest and most uncertain feature of the industriel list, it broke sharp- ly after every fractional udvanoe. Sterling exchange was fairly steady for and about 4.8 for . Wheat and cotton bills idence, but were not plentiful ‘The firmer rate for call money: vancing to 6 per cent., is due position of local banks in their Thga with the Sub-Treasury. MEhere was no disposition on the part of the banks to hold out on the call borrowers and no evidences of strin- gency: rin STRONG. CURB MARKET kk Inland and Northern Securt- an ties Were the Leaders. fe The outside market opened strong with Rock Island and Northern Securl- ders, Rook Islami sold u per ci . to in the tin! dei © Ange, and Northern Securities adva 5 cover I per cent. to 112 Quotations for the active stocks were Wid, Asked 3 80 83% Isiand : k Tsland pt . k Ishand 45 NdeteFn.Sosuritien Bratars be. Gaanatian Trine 4 _ BAR CANADIAN GRAIN. fx of Origin Must He on Imports Into Germany, FRG, Sept. 2—A letter pub by the General Customs Admin itfon to-day, says that hereafter the Great Lakes, proof must be must be forthcoming not only form of un Amerioan certificate but in sin given before shipm ible a a IDON MARKET STRONG. to-day was active oyant. There we LY Hh all conrignments of grain shipped fo ports North of Philadelphia, in- that Canada is not the place ERT STS THE WORLD: TUESDAY EVENING, SEPTEMBER 2, 1902. 'L THE LATEST NEWS OF THE BUSINESS WORLD. GOSSIP IN To Incorporate Ship Trust. Announcement of the details of the Morgan combination of Atlantic steamship lines {!s expected this week. It 8 expected that the new company, which ts to take over all be incorporated under the New Jer- sey laws in a few days. It will haw | a capitalization of nearly $200,000,- 000 and the entire issue will be man aged by the same underwriting 4a Aicate that financed the billion-dollar Steel Trust. There will from $50,000,000 to $75,000,000 in 4 1-2 per cent. bonds and an issue of $100,- 000,000 in stock, probably equally di- vided between the common and the preferred stock. be ‘That newly organized trust—the $#0,- 000,000 Corn Products Company—has made application for $4,000,000 additional stock. ‘The new iaaue will be divided equally between common and preferred. Another Morse Merger. Negotiations are atill under way for the proposed merger of the Broad- way and Mercantile banks, and it is AND 1B the heretofore independent lines, will | QUT WALL STREET. board of directors, and that in turn to be directed and inspired by Mr. Harriman himself. The plan is a big fone. It will be officially put forward after it is ascertained there is no danger of failure, Ansoviation, Is to-day ampares with $11.91 surplus reserve ar ago, The circulation of the bunks reased ") for the week Demand for Bonds. Secretary of the ury Shaw's plan for preventing the money-lend- ere of the financial district inciting a money scare has caused a phenom- enal demand for Government bonds. Every national bank which Intends to Increase its eirculation under the Secretary's programme must have bonds for deposit, Whereas a month ago the bond market was dull, it is now excited, There is virtually @ corner in bonds, and banking Inter- | ests which had either a preliminary hint or a shrewd understanding of Tre now said that tentative proffers have been advanced for the Seventh Na- tional Bank, of which Edwin Gould is president. If the plan is carried through the combined institutions will probably be located in the offices at Broadway, corner of Malden lane, which recently were leased by the Seventu National, The combined capital of the three banks would be $8,700,000 and the surplus and profits $8,381,500 with combined deposits of $28,495,500. Charles W. Morse, who recently acquired a controlling in- terest in the Broadway Bank, le cred- ited with originating the plan for merger. Superintendent King, of the Cotton Exchange, estimaied the ootton crop for the year ending Aus. 30, 10,768,196 bales, Hester's’ estimate 1s 10,680,680 bales, as compared with last year's crop of 10,883,422 bales. . To Consolidate Paciftes. Fdward 1. Harriman has prepared ‘a plan for the corporate consolida- tion of the Union Pacific, Southern Pacitlc and Central Pacific systems. It will be put through as soon as the various boards and the stockholders authorize !t. The project has been @ pet scheme of Mr. Harriman's for ;some time, He wants the Union Pa- cific system to eventually absorb the Southern Pacific, so that the manage- ment of the combined enormous sys- tems may virtually rest In a single | the situation are ahead of the game. It 1s said that the National City Bank alone has from $7,000,000 to $10,000,- 000 bonds ready to deposit for an in- creased circulation when the stress comes, . . | ‘The heavy buying of independent | Steel stocks by big capitalista prom!- nentiv fdentified with the Steel Trust Is apparently not a speculative move, Plane etee! Industry are belng slowly worked out by the Morgan-Schwab-Gary com- bination which will result In a cloner conlidion of steel plants, Keene Always Up to Date. London's firm market for American | shares over the triple holiday here was very reassuring to the Wall street bulls and encouraged confident | talk of still higher prices or the lead- | ing railway iseues. The followers of | James R, Keene, who are as optimis- tie as he ts, are amused over the eadly parallel” drawn by a New York paper in which {t shows the! bearish view Mr. Keene took two| years ago side by side with his belict in a higher price level recefifly pro- mulgated. “The change shows,” said one of Mr. Keene's market Iéeuten- ants, “that he secks for facts and conditions in making up his market views and . ocs not obtusely stick to a position when facts no longer war- rant it, Conditions have changed. | Mr. Keene 1s otill abreast of the facts." “THE QUOTATIONS, — rea High Law. Close | W800 Amat, Copper lee ees | 14900 Am” Bicyele ry rs uh ay 913 Locomotive Locomaive pt inelt. & Het it. & Ret pt 0 bly api Transit klyo Ki ry n Pac, aub 3 inpd 142 nadian Paoite etary SEM pe Thy & Tex BG & Tex, 1M Kai Misnourt F vat 1 fa RAIN 1S NEEDED IN COTTON BELT. ‘West of Mississippi River, Little Has Fallen for Several Weeks—Other Crop Con- ditions Good. | WASHINGTON, Sept, 2.—Following | j!s the Weekly summary of erop condt- tions made by the Agricultural De- partment: | The temperature conditions in the northern districts east of the Missourt Valley during the week ending Sep’ were more favorable for maturing crops than in the previous week, but, as in the two weeks. Immediately preceding, excessively high temperatures prevailed in the Central and West Gulf districts, Including Oklahoma and Indian Ter- ritory But little rain hag fatien o much the greater part of the cotton west: | ward of the Missiealpp! River during the | past month, the last weeks of | Which Daye bean excessively warm, the week ending being practically | M|rainiess over the greater part of Louls- lana, portions of Arkansas and Okia- hema, and throughout Texas, with the | excemnion of a few Hgft showers in the! north-central and northeastern portions, | the result of which, with the ravages | of insects, has been a steady deteriora- | 6 | then L400 Premed Slee! aN ASN TN w iS Chem. pt. | morning, and 260 employers, It is sald, | closed quieter, Wealtway [20 14d, Corn—Spot quot; American | Ratiway | mixed, 58, Ild.: future quiet; October, | 58. 2d; November nomial; January, 4s, 1%. | Pork firm: prime mess weatern, 833 6d. Hams steady; short cut, M4 to 16 Jpounds, 378. Bacon firm; Cumberland [eut, 28 to 80 pounda, 688; short rib, 18 to 2 p tis; long clear middies, light, ands, 398.; long clear middles to 40 pounds, \6d.; shor: Ks, pounce | 58s, Gd.; clear bellies, 14 to 16 pound \63s. Shoulders, square, to 13 poun firm, 50s. A000 MEN QUIT FOR MORE PAY. Carpenters’ Strike Holds Up Progress of Many New Sky- scrapers. Eleht thousand carpenters are on strike to-day damanding # cents more | a day and the enforcement of the union waxe scale. Skyscrapers all over the city now in process of construction are held up by the strike. These include the “flatiron,"” at Twenty-second street, Broadway and Fifth avenue, and the new dry-goods stores at Thirty-fourth street, Sixth avenue and Broadway. Two thousand members of the United Rrotherhood of Carpenters put away their tools at 10 o'clock, and the others rapidly followed suit George W. Gaillard, Chairman of the District Counctl; the Executive Cust tee and representatives of the cabinet firms and the Interior | autmit united ra- this tors’ Associalion held @ confere: { wanted to sign the agreement. “| If these persist in their intention, | the strikers may return to Meetings were held at No, No. 320 East Beventy-first street, and No 34 East Seventy-third street, and the situa tion was reviewed by many Imprompt speakers. “The hattle may, be ended before a} week has gone by,” said Mr, Gaillard, “because the feeeling among the car- pentera tm unanimous, and New York c§nnot afford to have the construction | of its buildings stopped. If the National | Cabinet Association and the Interlor | Decoration Aasoctation sign the agree- ment, the minimum rate of wages for @ of great importance to the iron and|carpenter will then be $4.60 a day for | X outside men and $3.78 for inside men.” ————_ Business on the Noerse Qatet. BERLIN, Sept, 2.—Prices opened firm | on the Boerse to-day, but the market | Internals were in good demand. Banks and mines receded on realizations. The feature of the gays | transactions wan the strong demand for | Canadian Pacific, which closed with a| material advance il CK ISLAND PLAN IS NEARLY READY Officials Say It Will Be Carried Through Without a Hitch— $1650,000,000 in New Se- curities to Be Listed. Rock Istand oMctals announce that the now financial plan will be carried through without a hitoh. Mockholders have deposited enough of the stock under the plan proposed to Insure {ts being carried through, un- loss tigation only hinted at up to this time materializes inter. The officials will soon apply to the New York Stock Exchange to iat the | entire issue of new stock, comprising $29,000,000 common and $60,000,000 pre ferred, of $150,000,000 altogether. Bince the new financial scheme was recommended by the board of directors and made public, there has been a de- mand for certain changes in the terms of the Issue, which will doubtiess have! to be met before the Stock Exchange ste the securities. One ‘ovision strongly objected to Is that which gives the board the authority to deal in the stocks for the benefit of the company. A change will probably have to be| made in that and other less anportant | points before the plan meets Steck Ex- ahange approval, ———— INVESTIGATING MERGER. Kentucky State Ratlroad Commi ston Holds Secret Meeting. LOUISVILLE, Ky, Sept, 2.—The Ken- tucky State Rallroad Commission began | this morning its investigation of @ye | Alloged plans for the merger the | Southern and Loutsville and Nashville | Railways A secret meeting of the Board was) held at Set Hotel In this elty, but | hone of the commissioners would | cuss what took place during the session, further than to say that Judge Alex- ander Humphrey, attorney for the |Southern Railroad, and Wyble May- pother, chief clerk to President Milton {. Smith, of the Louisvitie and Nash- [ville, were present at the meeting. at Liverpool! Grain and Proviston) LIVERPOO. Sept 2.—Closing— | Wheat—Spot 1 northern spring} |frm, 6s 3 1-24; No, 1 Calffornia| | steady, 6s. 4 1-M.; No, 2 red western winter quiet, 6s; futures quiet; Sep- |tember, 5s. 11 I-Sd.; December, 5a. ae, The Cotton Market. tton market opened easy res 3 to 7 points lower, ear months. The decline was due to unaatisfactory M INERS SET FIRE TO BIG COLLIERY. Guards and Strikers at Pocahontas Mine, W. Va, Exchange Many V driller, and John Devitt, a machinist, of the Lehigh Valley Coal Company, this olleys. BRAMWELL, W. Sept. 2.—Junionist, employed a vuler The great mines of the Pocahont: Paid ae Neu Hone Collerlea Company are on fire. aon wih giativernwiy This morning strikers applied the | inknown ad bombarded torch to various portions of the ae) e. ad mine near the west entrance, whieh | JOU" [oce) out is on the Virginia side, and the] Aw he ditt so m1 mine is now said to be burning {one of the shots lod furlously. was later removed at the ital, The guards and strikers fired vol- |” —-— ley after volley at each other, but at} COAL TRAIN LEAVES this hour ft fs not known whether Any one was killed. The Governor SILVER CREEK SHAFT. of Virginia will be appealed to to send troops to Pocahontas at once. POTTSVILLE, Pa., Sept. SS train of cars loaded with coal left to-day from the Silver Creek STRIKERS ATTACK Shaft, near New Philadelphia, owned AND INJURE TWOsJand operated by the Philadelphia and | Reading Coal and Iron Company. | Strike lea n to have Infor- (Fopnlal to Th tng World.) |} mation that this i# the last coal to be WILKASBARRE Sept, 2.—A! shipped from this operation until the number of foreigners attacked and ee-) OMler of strike is declared off verely Injured Kichard Roberts, a m!ne- NON-UNION MINERS morning at, Forty-Fort while on thetr WORK UNDER GUARD, way to work. Sa Roberts waa struck on the back with a, coupling. pin and Devitt's leg was, TAMAQUA 2.—This morn pierced with a miner's needle, a long | ing Com by Regi. Iron spent. “They ras, the needle still ailcking in’ Devittalegy and me Ul) ment, escorted the non-union men In escape. the Pant ‘reek Valley to work with- Line |Bilsx mine. of the Delaw ing interfered with, ckawanna and Western Company. at) vay tn eT ees caneeRiy <clalte anticoke was put in operation to-day | been run through the breaker. The company officials say they have a large number of miners cutting coal. —_+— NON-UNIONIST SHOT IN EYE BY RIOTERS.| HAZLETON, Pa., Sept villa, aged thirty-four he claim ts le to-day as the rike. Vigatlon shi Gearhart, in to-day t considerably. —John Har- ‘a non- ders, who s: morning for two months, large quantity of coal is sald to have|that almost 300 men reported for duty. contradicted by the strike their ranks are a y were on the first day of the Lehigh Co which have imed work, of the troop n idle Maic charg, at the situation was improved BIG CHANGES IN BICYCLE COMPANY, to Retire and Col. Pope to Succeed Him as Head of the Concern. Trouble. dend due to-day on $9,500,000 of bonds caused the common stock to slump to $1.7%5 ver share. A statement from the Board as to Its but when this in the day course was expected, companies of $590,041 last year. For Ju gross inc Crease tr as failed to materlalize early th me the recession } The directors met announcement of what and It Is believed that the dlyi- ddnd payment will ‘be temporarily post- me pronounced. but Saturda no was done was made, ponel It jt said that the plan for reorgant- zation of (ne $30,000,000 ¢ y is ex ceedingly drastic and co: retirement of several promine ets now identified with the property: Preeident Coleman is expected to re- tire and to be succeeded by Col Pope, who, tt Is of John D. Rockefeller, trols the property, or at Jority of {ts stock. Baring Magoun & Company, transfer agents ‘or the bondholders, stated at floon that no money was on deposit there for the bondholders. ——— CHICAGO GRAINS STEADY. % i September Corn Nervous on Het- least a ma- ter Weather Reports, CHICAGO, Rarly trade in rains to-day was quiet, and save In mber corn was inclined to a very ateidy position, Weather was improved In much of the wheat and corn coun- try and cables wera slightly higher. What strength there was in wheat was due to the fact that there were no de being made on September taediny mber corn was somewhat ner- vous. Improved weather for crops brought selling orders out early, but the fact that no ‘deliveries were made caused a fair rally. Oate fell off early on 200,000 bushels bé- ing delivered on September contracts and on the improved weather. After the dip, however, September was wanted by shorts and a rally followed. Provisions opened dull but higher on an advancing hog market. Assisted by fying, aod the dandruff, and = rou; — rif The Wheat Market. eae The wheat market to illions of lly acuve. with prices fractiona SOAP in the advance of the final figures of Friday Trading was mostly local, foreign houses taking little part in the early Chicago opening prices were: Wheat— May, 698-8; September, 711-8 to 711-4) December, 67 8-8 to 673-2. Corn—May, 396-8 to 391-4; September, 87 to 66 3-4; December, 42 7-8 to 42 5-8. New York's closing prices were: Wheat—@eptember, 741-2; December, the thickenod Boe) tg Ineta and cleanse th Coated) t bg cables since iday and weather reports eq | from the cotton Btates. The decline, Be | however, wax not as much as expected: 2.500 Norioik a” % {1 | Blg consumption Is talked of ae againet Bo BY. Ae ae Wt | 1-10) Wis. ce $ | probable | big receipts,” Trading» wag BONY ea a 230) Wik Glo ot tex ‘ ty 1 tot och 202, fis Sea | entero ont Se LAIN ome : i a : 4 as ‘Nw| WAnsHiP SOLD AT AUCTION, rear: fap 8 14! BAN JOBH, Costa Rica, Sept. 2—The | June, 8, Md 1 Costa Rican’ war xeneul has been ‘Bhs rows $1 20,8; were: Octobge ie be 9 and been bought by £0; egeaaber,, 6.21; January, i of ot Pe ey a T28-+4; May, 741-2 bia, Corn—September, 3-4 Id; December, 477-8; May, 414. ¥ for whiteni fy eines faa ings, and chafings, and for all the pur lon, and trritaui Curicuaas Reso BIG STRIKE LOSS FOR RAILROADS, | i} President Coleman Expected July Reports of the Lehigh, Vailey and Jersey Central, Show Cost of Anthracite nerating roads—the L Uncertainty as to the action of the coa ot Board of Directors of the American Bi- and the Jersey Central reports for July which have an Inter- cycle Company on the semi-annual divi- [esting bearing ‘upon the coal miners’ Valley Railroad Company rf $41,354, againat for July of ast yen Hus of $19. against a si J. ral shows a vis a de- is sting ex- the net res showing the coal CUTICURA OINTMENT, the Great Skin Cure, for preservin 4 puri- beautifying the skin, tor sealp of crusts, scales, and the stopping of falling hair, and soothing red, for baby rashes, toilet, bath, and nursery, Women use CUTICURA form of baths for annoying latiestmatiots bas irritations, capes ies or offensive perspirations, in the form washes for ulcerative weaknesses, dealings. Corn was steady the start, | for many sanative, antiseptic |but later in the day eased off some- | which readily suggest hemadves, 49 what. Bulls were hea@ @m check by | women, especially mothers. No amount weather conditions @mughout the] of persuasion can induce those who have West once used these great skin purifiers and New York's openfme prices were: | beautifiers to use any others. Wheat—May, 741-2; September, 48-8 to! Comptete Treat: 441-2; December, 72 44, Corn—May, 441-4. | Gonads de attertt i eae Aah ft te) the skin of crusts and scales, and soften Cullcle, CUTICURA OINTMENT ntly allay ftehing, Indamma, on, NT TILLS (250. @ blood, Curicuna Resonvent Prrs (Chocolate re 8 Dew, te 0 batitat Reso: odorless, evo celebrated Iquid ‘ANT, as woll as for all other An screw imitating the Food and Re; ula | ting the Stomachs and Bowels of HI = a | Promotes Digestion Cheerful- | ness and Rest.Contains neither | Opium, Morphine nor Mineral. Nor NARCOTIC. Peecipe of Hed Dr SAMUEL PITCHER Banphiin Sead~ dix Sona * Rechetle Salle ~ ize Seed + Aperfect Remedy for Consti Ton, Sour Slomech; Diarrhten Worms Convulsions Feverish- ness and LOSS OF SLEEP. Fac Simile Signature of | LO -avenrth s PST fDosts =35CiNts ES THE MAIN POINT IS he says are ‘‘just as CASTORIA ‘The Kind You Have than $2.50 for a good Goodyear Welt Shoe, YOU PAY TOO MUCH! Ask your retailer for Shoés bearing the following trade-mar supply you, or if he offers you substitutes which postal and let us give you further information. p, For Infants and Children.’ Always Bought Bears the Signature of In Use Tie CENTAUR COMPANY, HEW YORE OrFy For Over + Thirty Years , SCASTORIA | | THIS:—If you pay more k. If he cannot good,’ kindly drop us @ | G e. i ey ’ ee and in Vhe JAMES MEANS SHOE for men has been known and approved by the publ uF for a4 yeurs, It is the fiest shoe ever put upon the market at a retail pric fixed by the me’ gince lufacturer. Tt tw the only widely known Goodyear Welt shoe for men which has ever bedey re- | retaited at $2.80. Itia made in medium weight Lace Bats, Box Calfand Vici Kid on Metreg they, politan Last; also Vici Kid Bals on Civitas Last; also Vici Kid Oxfords on Metropolitad coal. Last, On all these atyles the slzes run from g to 11, widthe,4,5 86. Halfwizes on all width «4 tl- Dept. G JAMES MEANS COMPANY, Brockton, Mass. Piéile other Safe tron Summer Complain n All mammas, and papas too for th these fragrant, sweet little candy tablet, and are safe from colic, gripes, diarrhoea, summer rash, prickly hi summer brings with it, est for the Bowels. ? 8 1d. boo! CANDY Special for Tuesday. | i COR WEST B wr. 29CORTIANDT ST, COR CHUACH “Help Wanted—Male. LER-MAKORS WANTED by 6 rookiyn Navy-Yard, Dry Dowk No. 3. OL Bi All druggiate, roe, Sterling Remedy Co., Chi Fealnel Nect Kipii: 100 Chocolate Bitter Sweets......-+ reer. Ie) Special for Wednesday. Genmplere 54 BARCLAY ST atrastor at ~ WHRR® THE MILLIONS MEET— ‘The Want Pages of tho Sunday” “world évery Sunday. ‘ at matter, dread the heat of summer with it's danger for the little folks, especially the babies. It is simply heart-breaking to read year after year about the great death rate among children caused by the summer's heat. easy to protect the infants against all sum- mer complaints, because we know that all Yet it is fearful perils have their beginning in stomach and bowel troubles, and we have a perfect family medicine that will keep the dels icate machinery in a child's body clean.regular and in healthy work- ing order in the hottest weather — CASCARETS Candy Cathai- tic, The plump, bouncing, crow- ing baby shown here is a CAS CARET baby. He feels that way winter and summer. Nursing mammag take a CASCARET at bed-time, and it makes their mother’s milk mildly purgative and keeps the baby just right. Older children like to take the eat and all the mean troubles_that Nover sold im buth, ure oF your money York, rr) ne $08. mpe Gusrantesd toc let jr ac free. ean cago or New For Concise, Comprehensive @ | | | Information on 1,000 Sub. . fects see the 1902 World . _Almanac And Encyclopedia,