The evening world. Newspaper, September 11, 1902, Page 2

Hurries day and Assumes Control! of Late Fath- er's Vast Affairs. NO CHANGE IN POLICY. _the Rumor of a Proposed Consolidation of Telegraph Lines. Face to face with a legacy of business cares, Clarence H. Mackay to-day began dis career in the financial world as the head of his house, Although he arrived in this city late last night on the White Star liner Teu- fonie, he wan up before 10 o'clock this morning and was driven direct trom the Waldorf-Astoria to the general offices of the Commercial Cable Company, No. 63 Broadway. “Ipst got back, so I hav: say? said Mr. Mackay. He wore a black Fedora hat and a plain black sult; and after a brief tour of Wall street was entering the office of his personal counsel, William W. Cook, No. 44 Wall street. Mr. Cook is the gen- counsel of both the Commercial Cable Company and the Postal Tele- graph Company, in which Mr, Mackay is largely interested, “What will Ue the general policy of the Commercial Cable Company and the Postal Telegraph Company?’ was asked, * game as it has always been," was Mr. Mackay's answer. “I can do no better than follow along the old Mines, that {s 20 far as my interests are concerned.'* ttle to, sible merger of the Postal Telegraph and Gable Company with the Western Union Company,'Mr. Mackay said: “While abroad I was not even ap- proaehed on the matter. The whole story was pure rubbish and I am glad to make a personal dental, as my name has deen used tn this connection, “But it is altogether too early for me to discuss these matters,” he continued, “1 am up to my ears in work and beg to be excused.” Palke with Attorney. .Thereupon Mr. Cook and he entered office, where they remained closeted the afternocn, receiving several call- t s. who are closely identified with the Interesis, Mr. Cook sald; é inte: i : na by yet will be issued later on aly pot care to discuss Mr. Mac- le election to an office pre. ; viously held by hin father several companies." BIEL LIGHTER SINKS HERSELF. in one of the ig meet RES No. 31 Swings Against _«Monmouth's Revolv- ing Propellers and ae Goes io Bottom, Oh, the captain’ tom his dig straw hat And the mate lost his body coat of dlue—oo—o0 Aba a thousand sods of turt and a barrel of Skerry herrings. Were sunk aboard the Bugoboo—oo—oo! —From @ Famous Irish Lamentation. Emulating the example of the Buga- Boo, which was a canal boat plying be- tween Dublin and Mullingar and sank | because it was tired of working, Stand- ard Ol Ighter No. 31 committed suicide to-day off the foot of Rector street Lighter No, 81 went to the bottom, but ‘0 barrels of oi! with which she was Jaden floated on the water. Like the captain of the Bugaboo, the captain of the Mghter—whe was also the mate and the crew—lomt his big straw hat and nearly got his feet wet. ‘The big Sandy Hook boat Monmouth wes lying at her pler, stern out making = Heady for the aftergoon voyage down the Bay. The propellors were ir fo force the water out of the cyitaers and, as-the boat was light, ¢ blade hg barely concealed below the si vi around Oil tow of the captain HW the Nghter up to its cargo was to have bee The \ghter had other in Taking advantage of the tide she butte her worn old hull up against the re- Yolving propeNors of the Monmouth and Allowed them to gore her. Before the enginesc could be stopped there wore two e round holes in light . and she went to the bottom.‘ faptain barely had time to clamber on Monmouth, je barrels of oll floated around aud Fail the plers in the neighborhood, ers on about the docks stripped and swam bout, towing the ot to place of ety in the hope of sal- iS hs reward. ; ned, Dut be repaired. from tug the Batter Re with t was the in- he to anc » Lighter No, 31 will be it ts doubtful if «he can FOUND DEFAULTING CLERK. Detectives Locate Bookkeeper Whe Disappeared with $1,500, When Frank Renlinger disappeared from his post as bookkeeper of the Ho- tel Harlington, in West Twenty ‘nth street, last June, he was short ud Ip ile accounts,” pi it unt! last week, Detective Sergeant Arthur Carey ‘worlding in the offices of the arraigned in Jefferson oust to-day | charged with ony. de Was jor thy Susy in s1,00 bait, elt for the is SEs {CS IN CLAM-BAKE. ‘aad Sel ‘an Will Speak at Newburper's Amal dena will flock to. Sheepshead @ht to participate in « clam- Newburger, of tarkel ll Concerning the recent report of a pos- | ¢ S42000,000 IN | | THEN PALLED Quickly Checked. ° Isr. PAUL’S MERRY DANCE. the Directors on Dividen Caused Some Rapid Fluctu- ations—Market Firm. Under the pressure of heavy liquid- ation in most of the stocks which have been leading the list the mar- ket was Irregular to-day. Realizing sales took away the buoyancy which has been such a strong feature lately, and, although prices shaded off slowly under the rush to take profits, the undertone was firm. Without any especial features of bullish news the advocates of higher prices were able to check the recesatons without any serious breaks and to hold the prices at nearly yesterday's middle level. London's higher quotations for the American list and the encouraging char- acter of the Government crop report were two features of strength which materially alded in holding the market near 1s opening prices, After the speculative shuke-down of yesterday, which temporarily removed Some of the weaker features, the open- ing was better than predicted. ore and Oblo, Missouri Pacific vivania and Keading, which recent dealings have been speculatively grouped together because of the benefits each would derive from the reported traffic agreement, were dery in the railway lst they falled to hold in some the ly advances, they i v y from yeaterduy's pression and the dealing in them wus an{mated and brisk: | Uncertainty as to the action the Board ot Directors would take on the dividend on the common sock KepL BL 4 popcorn on a griddle. First it we 0 up and then it would go down, While the range of udvances and recessions was less than 3 polnts, it was an inter- esting study in fluctuations, Rock Island Was Active. Rook Island was slightly lower than yesterday's highest figure, but ihe stock Was appreciably strengthened by the statement of the owners that they would eliminate from the new charter the clause giving them power to deal in the shares for the company. ‘This inspired renewed confidence in the soundness of thelr plan for financial reorganization and to-day’a dealings were heavy. Interest In Baltimore & Ghlo was, tn: creased by the sami-oMotal statemer that the road would soon Inwue $17,000,000 of new stock In which present: stock- holders would have valuable rights, Ip the industrial group the story th President Charles M. Schwab had so! his holdings before sailing for Europ was oMcially denied, and the s'o ks of the United | States ‘Steel Corporation wero very much firmer, ‘The report that John W, Gates had sold his Cowrado Fuel & Tron interests to George Gould was sumMoient to send the stock up nearly 2 pointe, which It lost later when the sale story was chare acterized as absurd and untrue. trinis Weake: Tennessee Coal & Tron and Virginia- Carolina Chemical were weak on small- er trading, the Iatter losing nearly two ‘i the. former over 1. There were dealings for the first time points an in American Hide Leather, newly Hated Issues, at prices slightly in ad- vance of curb ons. e traction were dull and featureless and the rest of the market was inclined to be dull. In the money market call money was quoted at 6, 7, 71-8 and 8 per cent., with the demand not very heavy The market for foreign exchange opened weak and lower, with a snagging tendency which brought It near the point where gold may be imported with & profit, Direct Importations from Eu rope may be expected soon. NEW B. & 0, STOCK. Directors Say Money Is to Be STOCKS BROKE, GERR to Office To- Realizing SalesCaused) Chicago Leads At- Early Recessions, but, | the Movement Was! New Head of the House Denies | Uncertainty as to Action of livery from the fifth-floor dungeon d of the Soclety for the Prevention of Used for New Equipment and Construction and Tak- ing Up Securities. The timore iesue tock. This is equivalent to allotment of stock at par to existing stock, both preferred and common The purpose of the Insue, as stated by the directors, ts to pay for equipment, to be thus divided: For equipment acaitred and to $20,000,000. construction and equip ot which $4,000,000 ts for and $5,600,000 for other Board of and Ohio of $42,000,000 Directors of the Bal- has authorized an additional common a % per cent construction, &¢ First double cometru Third, y for stocks, bonds, &o., $10, 000, 000, was first ed that the stock v purpose of acquiring was for th ding, but this was discounted by avecific statement of the board of directors of what the Issue wax to be used tor, oo The Whent Market, The wheat market to-day was fair active at the opening. Senthment in the early trading was bullish on the crop report and small Northwest receipts. ‘The local contingent were buyers at the rt. Corn was up at the opening on feare of frosus Cables firm all around. ame dull, New ng beptem) F~Decembe opening — pric did t ‘ovine los ey mm Ret ; September corn, 67 hy fbb; January, 84. bl Ma; | | Young Desperado from tempted Rescue from: Fifth Floor Dungeon. Jean Valjean in embryo and two desperate companions frus- trated in a daring attempt at jail de- were Cruelty to Children, street and Fourth Twenty-third by the over-vigilance of a policeman in the! avenue, early morning, and there are three discomfited conspirators who would like to “cut his heart out.” It dollar wateh. was 4.16 by Patrolman Baxter’ He was on the eastern edge of the Tenderloin precinc k- ly after the glorious dawn of a new day the sun would be velled and obscured by the fox of sft covi smoke from the new fires started In the city's furnaces, Just then the sun waa taking Its las: nap, and It was three shades darker than at any previous hour of tife night. He Discovers the Plot. Nevertheless the over-vigilant Baxter deseried a new feature on the Twenty- third street facade of the soctety bulid- Ing how qutc THE WORLD: THURSDAY. EVENING. SEPTEMBER 11, 1902, Y SOCIETY BOYS PLAN A DARING JAIL DELIVERY.) There is every market Indication that the reported stories of railroad differences between the Rockefellers and the Goulds are altogether wrong. For months the two groups have been working harmoniously and with the evident intention of making their combination later more than a work- ing traffic arrangement. That these plans may be seriously disturbed by the reported harmonious settlement of the war between President Cassatt of the Pennsylvania and President | Gould of the Missouri Pacific there ig no doubt, but it is not expected to jlead to a break between the Rocke- fellers and Mr. Gould. Pacific, which on Wednes- y made the highest record of its his- tory, makes a poor showing in earnings for this month, Por the first week In September it shows earnings of $620,000, which Is a decrease of $32,000, From January Its earnings have been $28,862,- | Which Is an Inc ¢ of $298,115. Missouri anchor and let it drop, leaving the daring pioneer stranded on his perch at the third floor. Then ensued a long- distance conversation between the over- vigilant cop and the boy on the window ledge half way up to the stars. Quick Check to Speculation, Wall street was forging ahead un- der pressure yesterday with many stocks at high figures for the day, when news of Russell Sage’s illness GOSSIP IN AND ABOUT WALL STREET ‘riants whose fortunes ean virtually be made or unmade ag he decides “how the market shall go. oe 6 For the first time in the present Gov- ernment fiscal year the balance sheet shows excess of receipts over expendl- tures, The Increase in receipts since July 1 {8 $12,000,000, while the decrease in internal revenue receipts is about $13,000,000. Reaching for Oriental Trade. The banking interests back of the American-Asiatic Steamship Com- pany, in which August Bélmont, Cor- nelius Vanderbilt, William Barclay Parsons and D. Leroy Dresser aré Ui- rectors, are the same as those back jof the China Development Company, which hae a franchise to build a rail- ‘road from Hankow to Canton. The new steamship company will handle the freight of the railroad company, The concession is the one secur: from the Chinese Government orig- {nally by the late Senator Calvin S. Brice, of Ohio. Both enterprises are backed by some of the biggest bank- ers in Wall Street. The National Bank circulation of the country has just reached the high rec- ord mark of $363,626,206. This is consid- ered a strong indication that any mon- Lives on Ledge, “What's your name?” “Frank Webber.’ “How old are you?® Be “Where do you Myagt “Up hero just now. Can't you sene ctary stringency this fall can be only temporary. As soon as the crop move- ment 1s accomplished money will flow to New York in greater volume than ever. Morgan Not After Trunk Lines. was made public. Before the addi- tional announcement that he was not seriously indisposed had reached the Exchange there was a reaction in many stocks sharp enough to de- irteen.t? ing on the corner, It was long and white, and extended from the fifth floor dewn to the sidewalk. A cloner inspev- tion discloned that it was a rope, fash- loned from bed sheets and blankets, tled together corner to corner, Baxter summoned Barker, of the East ‘Twenty-second street station, and called up the night watchman of the building, who ran upstairs to the other end of the improvised rope. . Rests on Ledge. saw a small, compact out of the fifth story the boys’ dormitory {s figure clamber window, where descent, hand aver hand, story the figure stopped, and & small the window ledge. sume his downward trip, and was just! he While he was gone the watching cops} winging off when suddenly the top of the rope came loose and the end came down in the faces of the appalled police- tent the strength ) mer, of the rope and then begin a swift|for they thought it was the escaping At the third | toy. But tt wasn't, boy swung to and perched for reat en{ bedclothes. The watchman had found After a minute the boy prepared to re-| to follow the leader down to liberty, and stroy some handsome paper. profits, Mr. Sage has been fn Wall street so many years and is so prominently identified with many big interests there that anything concerning his physical welfare or his movements has 2 market reflection. For many years closely {dentified with Jay ime a blanket and ‘some sandwiches and 2 cup of coffee? No, but I dld lve at No, 2580 Vincennes aveny Chicago. I workel for the Miincls Central Rail road tll t weeks ago. The society pinched me tn a Bowery | Jodging-hou e the first night after I got heres” J. Pierpont Morgan’s announce- ment that he has no interest in any plan to control the Trunk line rail- Toads may be accepted as official, Mr. Morgan is too busy right now trying to take care o* the 20,000 or more miles of railroads which he now “Well, you'll get hung for this. “Huh! ‘They can't di y more tha PN oe © Buy more than! Gouig, and now, even at his advanced |C"tTols and carrying on the other Bea eee A. age, on the directorate of many in- stupendous enterprises which he has How Boys Tried to § end as the watchman reac that floor, threw open the window and yanked the daring terror of the Chicago plains inside. All informati f floated to engage in as big an enter- price as this would be. There are now in embryo half < dozen Morgan ventures, any one of which would be more than enough to require the en- tire abilities of any ordinary man. stitutions, he leads a life more active than that of thousands of men hardly half his age, . It nearly knocked them down, nied at the of- of the soc nd it was even de-| 45 tat ob had been any. auch |. 2asineers of the Couthern Pacific have Uhrilling attempt at a general delivery; Submitted reports to President Edward It was only the rape of Shares. 13,800 Amefpaniated Copper. 300 Am. Bloycle Hide & i nt Grane Twine tee 0 Ios Co. py Leorormot to Loc, 6 Kina Uno... & Olio pt 11,000 Brooklyn Rap. ‘Tran 600 Brooklyn Un, Gan. uz | 985, ‘ 1.600 Chi 2100 Cn & Alton pt ax W Lor. & Wheel i Lar, & Wheel 4.900 Col, Fuel & Tron Wi) Col, soother Bouthorn 24 pt Hock. Val vai, & Hock, Val. pt io 5.800 Conaol, Cas 300 Con. Tob. pe. 2. i 1,800 Corn Prod 100 Com Prod, pt 1.400 Del, & Hud 2/500 Den. & Rio G. ne (0) Dea Moines & Ft 18.000 Detroit South 13,000 Detroit Bouth pf. 2K) Diet, O.. certs. pe $00 Dututhy 8, 8. & At 200 Duluth & 8 & AU pf 2 Detroit Un. Ry 12.000, 4) 2) Bet WO Drans, & Terre joo Evang, & TH. je dat pt ie Ott Hite 6H Ki THE CLOSING QUOTATIONS. The otal sa) and of bonds $4,758,000 100 FU Worth & D.C 100 Gen. Blectrie $a at North DOG 19845 inate ApS IT rR ‘ ss 209 Inter. Silver 9 30 Iowa Cont As Sig Lowe Cancral of S33 300K. c. Routhern % 8 100 RL Co omhern ph... GM 60) ; 200 Kan, & Mici Try i 40) Keokuk & Des Molien. 40% At, Long Island 185" 185 of prisoners. The rope spoke for itselt ; Harrt Diiathe costs of thea Bro; Sea two other boys all dressed and ready }n the sidewalk. It was fashioned of | Posed tunnel through the Sierra Nevada | EXTRA ST, PAUL DIVIDEND. eight sheets and counte and was, Mountains, TC will be not less than untied the rope from its bedpost} i feet Jong. ‘The co: sre knotted | $1000.00, but the tunnel will be nearly : with the skill of an expert at diagonal | ®ve" miles long and will cut down the |Pirectors Declare Semi-Annual corners, and mado a nate rope from the | Smit grade about 1,50 feet. Payment of 3 1-2 Per Cent. ffth-story windows to the sidewalk idle hrlppeil- with an Extra 1-2 Per Cent. | Rocco Viello, one of the boys who tried The directors of the Chicago, Milwau- td) acape, Was arralened dn the ane | Delay on Stock Exchange House. kee & St, Paul Railroad, in sesalon here Tn era dren's Court at noon, charge | The fine new million-dollar home declared a semi-annual dividend 0 Site tetas ba Ing $8 from the pocket of a, Zacheln. lof the New York Stock Exchange, on ber cent. and an extra dividend ; i The complainant told ( iiat of 1 per cent. he which work has been rushed for a Was stitting on ch in the park The last dividend was a seml-annual When he felt «ome one's hand in his Year and a day, will not be ready for | one of 3 per cent vocket. He siw a boy whom he suspeet- Occupancy before the new year at mr Kan. & Tox ad pe the Ind escaped. Five days later least. Changes and alterations in the GATES HASN’T SOLD. stith Ode eee atrested, Objection was! plans have caused delays and added Chat. Sty Ie made to the form of the complaint 2 fe | story of Disposal of Colorado Fael against the boy and the cause went over, \t? the cost, go that it will probably be The Webber boy, who was the ring, /Mearly a $2,000,000 building before it leader In the attempt to is stil is thrown open for the bulls and bears, in charge of the has a |When the new building is completed times HAIMA DALAT jv P. Morgan can sit in his private and Iron Holdings Is Dented. The story that John W. Gates had sold his interests In the Colorado Fuel and Iron Company to George J. Gould, who Js frienary to President Osgood, was denied by Charles G. Gatex to-day. Western Wert. pti. 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In the form of baths for annoying trritations, Inflammations, and excoriations, or too free or offensive perspiration, in the form of washes for ulcerative weaknesses, and for many sauative, antiseptic purposes w readily suggess themselves to women, CuricuRA ResOLVENT PILLs (Chocolate Coated) are a new, tasteless, odorless, eco nomical substitute for the e¢lebrated liquid Corrotma ResoLvesr, as well as for all otier blood purifiers and huimour cures. In screws cap vials, containing 60 doses, price 250. MPH INHALATION - AND TUBERCULINE CURES Asthma, Bronchitis, Consumption, Betore I went to the docs | Woat 224 Bt. PROF. KOCH'S LY PROF. Kocm oy ERE fy KOcH-U-ua NE ANC quickly dest wien breathed Ing the dunsy, $4 ar Dr Mocks) Sanitarian, 110 Wrour home for #10, Don't ba fecelved. by on octora who, chars inore. FI ours 10°10 73 Ones toe eet sith any authord~ vite ‘Koch to" LONG ‘CUR Information Wanted. It will be to the advantage of any person sha has been cured or helped by Dr. Greene's Ne yura blood and nerve remedy, to end oaine End addrers (not for publication’. with partieue to Lock Dox Boston. Mame, Ton ontaric & West and is “as almost in-j0Mice and look across the street at] Young Ga.es sald that his father hag ee oer joer [the struggling followers of tape va- ni that healt ot provons fae. 400 Pacific | wod Stee! 400 Pressed Stool pt Marquette THE FIRST CALL: Our first announcement: for this fall we propose to make notable. We have the reputation of always doing something surprising and at the most unexpected times. And this shall be no exception. TO-MORROW and SATURDAY we shall inaugurate an Extraordinary Advance Sale of Men’s Fall Suits and Top Coats. We shall place on sale all broken assortments of last seao1's Heavy-weight Clothing, and augment it with the advance } shipments for fali of 1902, at fractional prices for Friday and Sat- .urday. There’sa chance tosave! Put this offer to the inexpensive test of investigation; you wil. then be convinced that here are the Most Surprising Steel Springs 4 3 1 1 1 & St Loule 8 W Bt Louls 8. W. pt Paul & Omaha.) Toledo Ro & L 800) hoo Bax Bag & Paper pt 200 Win, | 50 hares | CURB MARKET FIRM. nd Common Feature Outside De The outside market tive to-day, with most of the demand of Rock In! Rock Island com: rose 1 per and the preferred 21-2 per cent. tn ings. Northern Securities advanced | ff per cent, but lost most of it Virginia Coal issues were strong. Quotations for the actlve stocks were Northera See Oregon Greene Copper Sun rises Hattahuostive | Apgio-On SHIPPING NEWS. | ALMANAC FOR TO-DAY, 6.36/Sun neta, THE TIDES, High Water. AM, PA Clothing Values Ever Shown. These prices are meaningless till you have seen the goods. It’s not the prices, but the qualities at ? Men’s Fine Fall Suits. Artistically designed, masterly tail- [3. the prices that will strike you, 6 50 ored, decidedly the best clothing op- | BM ° Offers so truly remarkable that your wonder will be excited, offers in which the purchasing power of your dollars will break records, BOL pap 10.33 11.14 PORT OF NEW YORK, Men’s Fall Suits. |portunity of ‘the pe iod, hundreds For business wear in cassimeres, tweeds, Scotches and plain effects, to select from; actual values $22 and $25; sale price, leaders at $12 and $13.50; sale price, Men’s Stylish Suits. Topcoat Bargains. Just now when you are apt to need it, Scotehes, tweeds and thibets, well tai- lored and nicely fined, all swell gar- 75 a line of regular $12.50 English © | coverts, full box; sale price, tien. OUTGOING STEAMSHIPS. SAIL&D TO-DAY. ments, carried over from last year, z Auguste Victoria, o that sold for $15 and $18; sale price, Mt ‘Sa . , Market, Javre, a Paes esecie en ces Oy se Men’s Elegant Suits, _|Men’s Fall Overcoats. to-day, pr 0 poln' lower, =; Fy Joona iohige acid nervously arthe one INCOMING STEAMSHIPS ; i iTihtae are ay cl ERITH cuba carried Over : nw, Influenced by weak English cables DUE Tu-DaY " In black and blue thibets, serges, un- from last year, now offered at less and on feporte of perfect | picking | vlanare, Wanton, arane, Payal. finished worsteds. cassimeres, tweeds; 75 than cost to clean them out quickly; 85 Cull there was some heavy Wall street | Torsnte, Mult El Aive'New Oricens, {fall band tailored; former prices $18, the qualities are irreproachable ; they Fy nd, ‘commission ‘house buylng, which $= $20, $22; sale-price, 4 ‘sold as high as $20; sale price, se rere ub ‘rally. [Superintendent of S. P. Telegraphs HY Shorts covered hastily on the rally. Th ing prices: wero: September, 446; October, 30 to 8.51; Novem- id ; Becember, 8.24 to 6.95; January, £28 to £96; February, Ras te 14; March, 846 to 818; Apel S18; Stay. a7 to, fis, csr Aa arg acta Eats .Netes, Opto. March, 84 rats ed rial SAN FRANCISCO, Sept. 1.--With the sanction of President B. H, Harriman, of the Southern Pacific Company, Gen. eral Manager Julius Kruttsohmitt has appointed A. F) Roomen of NW i Ri riniendént oa " ks 3 Rendquarters ii Bon Preneisey aye Me au Broadway, Corner. Chambers Street. ° IGT ve corre rc ROTY, riphts reserved by Taylor Clothing Co, —