The evening world. Newspaper, September 15, 1902, Page 4

y I STOCKS DUE ~ TOMCH MONEY + Call RateJumpedto!9 - and ‘Prices Crumbled Rapidly Throughout the List.. | SLUMP VERY GENERAL. © Reduction of Values Amount- ed to ‘Millions, but Better _ Tone Prevailed Later and _ Losses Partly Recovered. Byery. feature of the stock market © to-day was subordinated to the mone- tary situation and the prospects of) serious financial stringency In the Ammediate future. ~ Prices crumbled under the uncer- | tainty surrounding money, and the 7 entire list of the New York Stock Ex- - change sustained losses that in the aggregate amounted to many mill- fons of dollars. Notwithstanding the relief plan} "> Suggested by Secretary of the Treas-| @ Gry Shaw and the money being sent! |4n’ from Chicago and other interior Points the stand taken by tho bank-| -/ fs that this would prove inadequate “Was quickly reflected in the high prices for call money, Call Money at 19, i aii (Special to The Evening World.) financial or political prominence to | money ope: at J2 per cent, | cK WwW "1 , 5. 2 vi n it las been rumored that this * NEWPORT, Bept. 15.—One subject | Whom he 9 a imped to 15 per cent, fel! to 1s per| MS \ Mehest of Amerie. iris i] - er foke (0 1F per cent. und again fell | tHunopulises the attention of suctety, | eR nSHCAD SIS Has Hera! ene) to 18 and finally reached 39 per cent.—| It is the rumored engagement of Miss r . and all within the first two hours, May Goelet, tho $39,000,00) he , and gael ka osm U lavas Oe eora Rides The most significant feature of theso biaripetietGeal [Pedtes terse APA oil EO he i “, Hoel fluctuations in money was |e Grand Duke Boris of Russia. wo dukes, a marquis, an earl, two vis- ae Tends oe SLO Eee was) Mise Goetet haw undoubtediy charmed | Counts, 4 lord, two, prominent officers of 2 ; 5 sho: has » the| the British army, a prominent French An by outside » at from 12 to 13] the Grand Duke, wh lite: ; ilonall Gent, while local bunks had grouped) sUest of Mrs, Ogden Gorlet NO hes itpee CHRGLe et nw ata Raat a had x! j port. several weeks ago.| Te three Princes of Teck were each from $3,000,000 to $ mM for lending at [came to Newport several weeks ago.) |i : : tor K eet Horls has shown C’MMected with the report that Mi all when th ed 2) per cent. | It has been noted that Goclet's widowed mother would be the _ Considerable comment was) uo marked desire to depart. Threo S Freceastonca by this tnc 72 was made plainly apparent th Spe Bhylocka of the present situation are all | CPresldents of Manhattan Island, me Bankers jet it bo pininly known, too, that they conridered the only way to Femedy tho present situation |x to fore eee the market ty a much lower level and PP to curtail the volume of dealings. i 7 (f Sub-Treasury Gets the Money. | “They also pointed out, in answer © Various statements concerning the Gtfthe present stringency, teat It was| due almost wholly impounding of midhey by the & asury Instead of 2 Interior for nt, In which It t the real | ¢ to} cf pressing call ey to move the Ky of one of th Wall sireet made the si of all the reo! by the Wall ») f lollars thu i Big Payments Due. Nearly $22,000,000) will be othese thr. nd instalment of $16, on the Oregon Sho Standard Ol! divi . $. The Consolidate dividend, calling for $1. fter a comparatively quiet : with traders disposed 21-2 polnts for tho Pheretofore have been the advancing markei. Declines Evenly Distrib: There was no partici!ar group had to bear xt : leaders In an ted, cally no} around 2 of commit opportunt the bulk of by shiftings t fas 7 was to lighten the ments on every f. Later In the a the Inans made necessary bad been made, the om stronger and in some of the Rr lonacs wer. eiteally, fem ews of the strong proba itty ®@arly ending of the coal strike a ) turther deciines in the fore rhet, bringing tt ne port tis point, helped to rest dens ® of an! 1 the! a " the gold Cone | Oo en The Cotton Marke five points hisher, by reports of heay. the Mississippi v: and this, with a firm ser which prices wei Was bullish. up Th eharpls. | South} ni: Novem’ nuary, $39; Ma’ ——— SHIPPING NEWS, ALMA + 5.40/Sun eore TUE TID! Mi Gato Ferry... a pont OF NEW york. rt Anton! Paltanelonts | ‘EA MAHIPS, D TO-DAY. times he was scheduled to leave, Rage, Newport home. Gvelet would be uo var between {si banks | | steady and in a short time developed n (sold up 3-8 after the start, THE WORLD: MONDAY EVENING. SEPTEMBER 15, 1 MISS MAY GOELET, WHO MAY YET BE A GRAND DUCHESS MISS MAY GOELET. mo-her of the sister-in-law of the future juecn of England, then the Duchess of ork. Viscount Crichton, heir to the Harldom of Erne, she was sald to have sent to the ‘Transvaal to win the Victoria Cross. Viscount Ingeste, son of the Kart of Shrewsoury, was unother admirer, und the Dukes of Manchester and Rox- burghe were also named as her future nth man of social, husbands. bag and Mrs. Goelet's | he returne Ochre Cour pach time to The Grand Duke's mother ts a Lith- n, and the Protestanism of Miss ‘o a marr cousin and the Czar's the | daughter of one of the richest widows n the world, Boris Is the sixte THE CLOSING QUOTATIONS. High. tow. Clos 200 fowa Centra! 48 3 oO entral pt... 83 Fu 8, & M. pt BaNy ity Southern 36 han ily sou pe 9 Keokuk & Des Moln Met. See, 1 in. pa Marit i _ St, itit.., ‘Ceatral Pé HS vo & 88M Mw ’ pt . Kan. & Tex K. @ T 1h) Am, Smell 10) Am. Smelt 200 Am. Snuft pf. 3.000 Am. Hk Te 20) Am. We & I. 34,800 Amor 100 Am, & & Re Facile , Loud.) Lead pf, 100 Ann Arbor pf AL, T. 8 8. F bY 7 200 Ry % ‘SiO Ry 0a 8 eS {3 ies 400 South, KB 16.450 South 15 soa seer aa ie a” i , i fe Fouls §. Wi... gs RY joule 8. W. ‘phe... Bye 7 Tol Ry & Lights ie iy Tro @ % Sty » Dy 1 Twin Cig RTs Ba i 8. C1 Pine, (i aM 2,900 Wert, Up. Tel Lan whesl, @ te B 20 Wa 1 Rta Soo Wo aL! Fad rat vt AW Wiacon. 6 907 Wis, Central ‘The tothl soles of stocks were 644,000 shares and of bonds $2,929,000, Aniertoan Securition Active at Gen- | with a weak tendency throughout ; ———— The Wheat Market. The wheat market to-day ope @ Boerse Dull, 15.—Prices_on Basiness Sept strong undertone led by corn, whic whi Site | ae) 2 nents | GEE al ‘plight deching | funds and Watt it Phe tone tm) [and pric | tations of the day, » © in the Canal Is a will all-rall shipments for’ a while, week's world’s shipments we erably smaller than the previous weck. Sew York's opening prices wor Wheat—-May, 748-8 bid; Deeomber, 73 ‘December, 401-4; May, 45 3-8 FIRM ASSIGNS, ices were: W September ge | Willam F. Wills and Julius 7, sta. to 727-8; December, 683-8 to 681-2." Corn | pigs (Willis & Staples), dealer May, 401-8 to 404-5; September, 601-2; |ery, white goods and 1. 41-8 to 1-4; October, | Broadway. to-day York's closing prices were; ‘fit of creditors to Andrew H. Kelly, roved durin, Austrians were weak, 3-8, bid. at the pened dull owing to the mostly firm, | the laat hour | 8 closed above tha lowest quo- in hos- fastened for the Sener BANK'S CAPITAL. Old Hide and Leather to Be Made One of the Strongest Institutions of City of New York. A special meting of the stockhold- ers of the Hide and Leather Bank will be held Iate this afternoon to vote on the changes proposed by the new own- ers. It is expected that the stockholders will ratify the plans and will also yote authority to the directors to increase the capital stock of the bank. It {8 said that Thomas I. Ryan, Will- Jam ©. Whitney and the other prom- {nent capitalists who are interested will increase the capital to $9,000,000 or $10,000,009, The new name of the bank !a the National Bank of the United States In Yew York. ‘The new owners Intend to make tt one of the biggest banks in the finan- clal district. ———_—_ CHICAGO GRAIN STEADY. Bearish Influences Were Oftsct by Conditions of the Market. CHICAGO, Sept. 15—Prices of specu- lative commodities on the Board of Trade at the opening to-day showed a slight upward tendency in spite of a fairly good array of bearish Influences. In wheat the cables were steady to lower, World's shipments were large, there was a decided Improvement in Northwestern receipts and the weather wan warmer and favorable, ‘Trade was not large, but there was a fairly good demand, much of it from shorts who were thought to have over- sold Saturday, | Corn also acted somewhat oversold. | Recelpts were 20 cars, 57 of contract grade. Frosts were reported in Indiana, |Mnois and Ohio, but no damage was noted early, | Oats were easier on improved receipts jand better grading; 200 cars arrived to- day, 10 of contract grade, and $7 cars of standard grade were turned out of pri- vate houses, Provisions opened quiet ‘but firm fi sympathy with hogs. e: ———— CURB MARKET FIRM. Denling Not Much Affected by High Money Rates, The outside securities market was firm and active, with the issues only slightly affected by the higher money rates. Rock Island preferred was stro: ‘ancing over 1 por cent., to 87 1-4. | Outs! tien was quiet, but in demand. Quotations for f49 accive stocks w: |Northern securtth OreHoR 48.» | Rock Island . Rock Island pt.. RT Rock Istand bon: Bay Beaboard . 2N Seay eer Fa r 5 Realty ; hy Virginia Coal . ay Virginia Coal BOs | PHILLIPS GOES WEST. Ex-Corn-King’ Will Make Head- quarters in Chicago Hereafter. George H. Phillips, the ex-"corn king,"" who four months ago opened of- fices in New York, with headquarters at the Hoffman House, has closed his office at No. 18 Beaver street. He will hereafter make headquarters in Chicago, with branches throughout the West and Southwest, GOSSIP. IN The readiness with which tlic stock market responded to the first | tangible indication of financial relief | ments of those well posted in the in- |tricacies of the monetary situation | that present conditions will not last \long and that they will give way to low rates and plentiful money. An- | ticipation of the Octobersinterest by the Treasury, together with the pro- | posed increase of Government money ‘in national depositories, will give at ‘least $10,000,000 of cash immediately. | Probably from $5,000,000 to $10,000,- 000 in gold will be imported from abroad, which, with money tempo- rarily tempted from the interior by | the high rates for call money, will go far to tide over the present period of stringency. . It ts stated in a seml-officlal way thar there will be considerable delay in an- }nouncing the final disposition of the Louisville and Nashville Railway. Mr | Morgan's plans are now ited until ‘the Northern ecurities case {Is dis- owed of. Morgan Takes Hopeful View. | J. P. Morgan is quoted as telline his friends that he sees no adverse tectors in the business and financial world, except a stringent money mar- views it, of the prosperous fall trade. erally Advanced Prices, So long as business is good and The market for American railway | 3,5" cher. © offered: | values are increasing, Mr. Morgan shares In London, to-day, was strong &. October, 58 bid: December. 4s a4 | holds that Wall street can afford to and active. Prices throughout were | offered; May, 411-8 offered. . |pay 8 per cent. for money for a substantially in adyance of the closing te | month or two as an annual rate. It [quotations ox Saturday on the Now) neve & Beyptian Cotton Traae|is understood Mr. Morgan holds that York Exchange HAMBURG, Sept. 15.—With the ob-| after the crop money urgency ceases In the home departments trading ject of further developing trade in| there 1s no reason to doubt that quiet and of a professional character, | Meyptian cotton, the rman mt/money will again be plentiful and cheap. It is belleved that Morgan & Co. wi'l import gold soon to aid the market. OAS ee Senator W. A. Clark, of Montana, head of the San Pedro, Los Angelns Ratlway. has just let and aS tar bo.oni00 of grading and mith year. % | Gates to Meet Schwab, » John W. Gates, the Western 5; lator whose recent conferences with ket, which is the outgrowth, as ho) MARIE ANTOINETTE A. R. Keene Loses Control of Big Hotel and David Rossa Acts for the New Company Now. Considerable surprise was occasioned In hotel circles to-day when it became known that A. R. Keene had been de- posed from the management of the hotel Marie Antoinette, at Sixty-sixth street and Broadway. His successor $s David Rossa. Mr. Keene is at his hotel at Shelter Tsland, and no one can be found who will give the reason for his going. The hotel has been closed this summer on account of the dirt and annoyance caused by the building of the rapld- transit tunnel. It fs known that Mr, Keene expected to reopen it this fall, together with the new ten-story annex adjoining the old building. Control of the hotel has passed from the hands of Mr, Keene to the Marte Antoinette Company. Mr. Rossa ts to not as mai MONEY KINGS TO THE STAND. Morgan, Gould, Harriman, Hill and Schiff Must Tell About That Merger—Case Opens To-Morrow. Frederick G, Ingersoll, special com- missioner appointed by the United States Court of Minngsote to hear the testimony in the matter of the United Siates Investigation of the Northern Se- curities merger, will hold the first hear- Ing to-morrow in the United States Dis- ttorney’s office, hnically the was opened to- day, but the atterreys for the defend- ant mot Mr. Ingersoll and Solicitor-Geon- eral John 'l, Richards in conference a: agreed io adjourr till to-morrow, ‘The object of the suit Is to prevent {the absorpticn by the Northern Secarl- tles Company of the Northern Pacifte, Great Northern and Chicago, Burling- ton and Quincy Ratlroads, Suit ts based on the contention that the merger would be in violation of tae Sherman Antl- ‘Trust law. Before the hearing {s finished Exam- iner Ingersoll will call before him all the kings of finance who were in the great stock murket panic of May 9, 1901, out of which grew the Transportation Trust, now under inquiry, J. b. Morgan, who organized the company; James J. Hill, who ts its Preuldent; award H. Harriman, Jacob H. Schiff, George J. Gould, who are directors, ‘and Presidents Mellen, of the Northern Pacific, and Harris, of the | Burlington, will be included in the list of witness Solicitor- eneral Richards represents | tho Government, while Attorneys Nich- olls and Bunn are looking after the In- 902, BIG INCREASE OF NEW MANAGER FOR |BROKER ACCUSED OF EMBEZZLEMENT John S, Boideaux’ Arrested on Charge of Taking Bonds Belonging to a Corporation of Louisville, Ky. John 8. Boldeaux, a broker in the Maritime Building, Battery Park, was to-day arraigned before Judge Hoos in the First Criminal Court, Jersey City, asa fugitive from justice, He was rested at his home, No. 121 Pall avenuo, Jersey City, ast night by V lam T. McDonald, a detective, of Lou! ville, on a requisition for Boldeaux from the Governor of Kentucky. Complaint was made Johnaon, of Louisville, who accuses the prisoner of hundred dollars. Detective McDonald says that when Boldeaux ‘Hved in Loulsville he repre- sented the Misgissipp! Debenture Com- pany, He brought bonds belonging to the company to New York. An Injunc- {lon was seryed last Saturday restrain- ing him frém removing the bonds from this city. Holdeaux denied the charges. He sald he would oppose extradition. He was admitted to bail in $1,000 for examina- tlon on Wednesday. NO NEW SHIP COMBINE, Denial that Sow Are to Form a Trust. HAMBURG, Sept, 15.—The directors of the Hamburg-American Steamship Company deny that the object of the conference at Ostend, Belgium, Sept. 16, of the managers of the steamship lines plying between Europe and South Amer- ica ts to be held with the view of form- ing a new Atlantic shipping combine, as announced by the Standard, of Lon- don, this morning. here {8 considerable doubt as to whether the conference will be held at all, and {f it meets its sole object wil! be to discuss freight mattera connected with the South American trade. by Louls W. | having embezzled several | \ terests of the Northern Securities Com- It may be several days before Mr, Morgan is called to the witness stand. as most of the other witnesses will be asked to testify frst Attorney-General Knox, who started | the suit to declare the company, a trust, did so at the request of President Roosevelt. ‘Wall Street's interests In the case are very great. Upon the outcome depends the formation of halt a dozen similar holding companies and bines, railroad com- AND ABOUT. WALL STREET. nse | Confidence in Monetary Relief. ; Charles M, Schwab, of the United States Steel Corporation. President |Schwab fs in Europe for a far iweightier purpose than his health jand it is expected that to-day’s con- ie bears out the often-repeated state- | ference will result in the head of the {Steel Trust utilizing the services of the nervy Chicago plunger to ald in bringing about the world-wide un- derstanding in the steel trade which is primarily what Mr, Schwab went abroad for, The plan, it is known has the approval of J. P. Morgan, if he was not actually its originator, eee The report of the St. Louls and Sar | Francisco for the first week in Septem- j der shows earnings of $4894, an in- | crease of $87.2 Brom July i the figures show a gross of 3, which Increase ‘of $58,711. whieh Ts a: —_ | A DOCTOR'S EXPERIENCE, Medicine Not Needed in This Case, It is hard to convince some people, {that coffee does them an injury! | Vhey lay their bad feelings to almost | every cause but the true and unsus- pected one. But the doctor knows; his wide ex- | perience has proven to him that to some systems coffee is an Insidious ‘poison that undermines the health, | Ask-the doctor If coffee is the cause of constipation, stomach and neryous troubles. “I have been a coffee drinker all my life, I am now 42 years old, and when taken sick two years ago with! nervous prost a my doctor said} that my nervous system was broken down and that I would have to give up coffee. I got so weak and shaky | 1 could not work, and, reading your advertisement of Postum Food Cof- tee, I asked my grocer if he had any of it, He sald, ‘Yes,’ and that he used jit in his family and that it was all it claimed to be, “So I quit coffee and commenced to use Postum steadily, and found in about two weeks’ time I could sleep vandly at night and get up in the | morning feeling fresh and well. In) }about two wnonths I began to gain flesh. I only welghed 146 pounds when I commenced on Postum, and & SONS J21st Street: 2226 to 2234 Third Ave. Corner 121st St. Store Cioses at 6 P. M. Fine Silver-Plated Wares Under-Price Exquisite pieces of Quadruple-Plated Hollow Wares, in ¥ most profuse variety—all from factories of the highest character; all wares perfect in every detail. Also Flatware —spoons, forks, and the like—of genuine Rogers extra plate; the spoons and forks in two excellent patterns; and the serving pieces in alinost infinite variety. F The display sets the whole Basement aglow, and will charm every tasteful and thrifty housekeeper who visits our newly important Under-Price Store today. here is splendid opportunity for holiday investment, as well as home furnishing, for nowhere at even full prices can higher quality of silver-plated wares be bought than are these offered today at these prices : Quadruple-Plated Tableware o 5-piece Tea Sets, $9.50, $10.75,| Water Pitchers, $2.50, $8.25. 11.25, $18.75, $15 set. $3.50, $4.50, 3-piece Dessert Sets, $2.50 and $5.75 | Bakers, $2.50, $5.75. ret, Kettlos, $¢ S-plece Coffee Bets, $4.50 and $6.25 | Fern Dishi set. Chocolate Pots, Dread Trays, $1.25, $2.50, Syrup Pitchers, §: ! Bonbon Dishes, $1, $1.25. ce Pitchers, $5.75. j Crumb Sets, $2 set. Children’s Cups, 75¢, $1. Butter Dishes, $2.26, $2.50, Candelabra, $3.75, $4.50, $5. Fruit Dishes, $4.25, ‘Trays, G5e, $1, $1.25, $2. Olive and Piekle Dishes, $2.50. Cake Baskets, $8.25, $3.50, $3.75. Salad Bowls, $8, $3.25,$3.50,$3.75. | Soup Tureens, $3.50, $4.60, $4.75, Candlesticks, $1, $1.25, $1.50, ' $6.25, Genuine Rogers’ Extra Plate Knives and Forks Ten Spoons, 85c, dozen, Cream Ladies, 25¢ each. bi ; Dossert Spoons, $1.50 dozen, Gravy Ladies, 45¢ each, ‘Table Spoons, $1.70 dozen. Oyster Ladies, T60ench. Medium Forks, $1.70 dozen. Fish Knives, 6c each 1 Dessert Forks, $1.50 dozen, Menignei ary - i Oyster Forks, Fish Forks, 850 each. | Cotice Spoons, $1 Crumb Knives, 85c each Nut Picks, $1'dozen, Pie Servers, 65c each. { ‘Triple-plate Fruit Knives, $2 dozen. Gravy Spoons, 60c eachy. Butter Knives, 25¢ each. | Sugar Spoons, 20¢ each, ‘Triple-plate Medium and Dessert Preserve Spoons, 35c each. Knives, $2.25 dore Sugar Tongs, 25¢ each. Formerly A. T. Stewart & Co,, Broadway, Fourth Ave., 9th and 10th Sts, { 4 Chatham Square: 193 to 205 Park Row. Chatham Square. z EVERYTHING FOR HOUSEKEEPING. EVERYTHING RELIABLE. CARPETS, BEDDING, STOVES, ETC d 18-in. Wool Smyrna Rugs, | 9x12 Wool Smyrna Rugs, $1.00 grade, re- duced to. 30-in. Wool Smyrna Rugs, | 36-in. Axminster Rugs, $3.00 grade, J 9 2) c reduced to.... e 36-In. Woo! Smyrna Rugs,|6x9 Axminster Rugs, $4.50 grade, | REDUCTION —ON— a RUGS. | Exclusive Designs. ~ 69c} redicedis 919.75 Reduced from $21 to $13.98 $6.00 grade, reduced to ., $3.85 $2,89| reaucedto.:'$14,75 reduced to.... 6x9 Wool Smyrna Rugs, Ce feel) Rugs, Brush Mats, fesaeea e $10.5 feduced to. $24.25 from 68c, Up. PRICES MARKED in PLAIN FIGURES, ous of pli now I weigh 167 and feel better than Laid at 20 years of age. “Lam working every day, and sleep well at night. ‘two children were great coffee drinkers, but they have not drunk Postum game | agile Seances Ma Peper ie into ‘the ‘bealthy. art M. than they Mb ice Pare their predecessors. CASH _ or REDUCTIONS 9 ON | Brass Beds. Many Styles to Choose from, 4 {t., all Brass, $35 style, reduced to. 4 fty all Brass, $39 style, reduced to.-.- $27.25 | 4 ft, 6 ins all Brass, $44 style, reduced to $30.75 White Enamelled Iron Beds, brass ‘ trimmings, a3 low as $3.50, REDUCTIONS ON Roll Top Desks Weare selling the famous “Cutler” Desk at very low figures. 4 ft. Zin, Oak, $36 style, reduced to 4 tt. 6 in. Oak, $40 style, reduced to 4 ft. 6 in. Oak, $44 style, reduced to - $30.75 : OTHERS AS LOW AS $14.00, Revolving Chairs, Library Tables, Etc, $24.75 Not incorporated ‘nor ran ‘by 2 trust, this business ts controlled by the third and fourth | generations of proprietors, wha are as desir- p as were every customer _ LIBERAL Customers may add to their Accounts 4 either store or make payments at (vit suiting their on conbenience. gt No extra charges of any hin he