The evening world. Newspaper, October 1, 1902, Page 4

SHIP BUILDERS BIG RESOURCES. Good Business and Satisfac- tory Dividends Shown inthe Annual Report of the Amer- STOCKS RULED SAGE INDORSES ~ BY STRIKE TALK, SHAW'S MOKEY PLAK High Rates Were Due to Local Coal Situation Keeps] Causes and Relief Measure ’ Market Wavering and Will Restore Normal Con- K. the con! The annual meeting of the American Ruesell Gage, the financier, gave un- vided equally Into preferred and come | oo Industrials, with Steel Lead- noon, “It came at an opportune time] VidM eaually nie et redo in: Pree | a ay non RTO” amo’ nied Is ANTS ing, Best on the List-$20 esivestiduiieee| eee ee oye atring. | f2Fed. #7.%0,000; common, $7,000,001 000,000 in Interest P. ency was due to conditions which ta no President's Repor: ¥ ments and Money Down. way were due to any lack of prosper: e report of President W. 1, Brown in the country showed that the company pald regular “It was due to local causes, and these | ouarterly dividends of 1 3-4 per cent. on A het $50, the preferred stock. The company has planta in Chicago, Buffalo, Detroit, Mil- waukee and other piaces causes have been, or will be, met by the plan of the Secretary of the Treasury “Ag goon aa the different plans are in Gpecviation hinged to-day warlous reports concerning menc of the anthracite cual etrige, wid upon the e Bye Seana tO) Oe fi Resources Many Millions. Rally. with the vartc Reading Len 5 uy aul thelr selector te The report of the treasurer, R. The irregularity resuited finatiy in aj aul thelr selection Indicated Wermoree shown resources’ of $201 sharp advance in Reading which was to Guloly S8C.78. ‘There wan hand on June 20 pome extent shared by tae othe Money lenders are predicting much! an undivided profit, or aurplus, of $2,- k easier rates for call and time money | 928,541.04 Louisville & Nasnville was weak] for the present. month, and ‘The old Board of Directors was re-| nd a_restora- tion to normal rates by November. | again on selling pressure by minority elected holders who are not io share in the Denefts of the Atlantic Coast line deal. for October divi-] Members of the $200,000,000 underwrit- The Para Rubber Company, with a Me ee ree tion ae ees Lape oe Unites Balog Stes) capital of $8,000,000, has been incor- ps FER eye Go. 108 | corporation recelved to-day from | porated and will locate at No. 62 1 dividend to the United States) xorgan & Co. checks for a fourth divi- | Broadway. Il to-day’s payments aggregated] dend of $19,000,000. 000.000, of which nearly all went John Cudahy, the millionaire packer, 000, of 20 This makes Aa profit of $40,000,000, | Will be president, and he will have Ma P ack Into the market. Ss uN e ® him on the board of director: Ma Le Leading bankers gave notice to, the which: the members of the syndicate! Wesley “Alina esident. of the local ah & Pac big Wall street pools that the additional) have recelved since the Billlon Dollar | Cramp Steel Company? W. J. ‘Tilande, T & Tran wor Aoiea"Sut Tor further ex-| Tho syndicate subscribed $200,000,000 to| Brinwans, of yng, ganhattan, OAs nie. Union ot ‘travagant speculation. =| nance the corporation, but was cal@d| 474 i. M. Crawford Peper This is taken to mean thet Wises) Upon to put up only $25,000,000 in cash, |,,Th company shan secured 1,000,0m] — {hy Cle: & Aion pt mon rates may altitude of this week, they will not Allowed to go low enough to permit w: apeculation for some time. Ta the foreign exchange acres of virgin rubber forests in Vene- zueln and will exploit it At will be a rival of Keene Rubber Trust be| At the end of «1 41d] the orhelnal $25,000, including to-day market} {a profits, ey montas It reeslyed back and upto and has Deen’ paid’ $20,000.- the Morgan- igher at 48980| A member of the firm of J. P. Morgan ———— —— eal ie fer demana es & Co. stated to-day that there would | T, m. ATKINS BETTER, , povbably Vee 1 a Afth dividend of was said at the Hudson Street It Hospital this morning that the condl- tion of Thomas B. Atkins, the aged broker, of 30 New treet. who waa stricken with apoplexy in hip office on Monday, was Improved. His case ‘Is DWIDE TERRITORY)” “BOND TRANSACTIONS. a cent As syndicate manager: J. & Co. will get nearly $20,000,000 in profits from the deal. P. Morgan 4 Thomas F. Ryan, director of the| Am Bicrcle Co bs a hd Meese trust 50 Bouthn Pac 4s wun ‘American Tobacco Trust, who has just} Am Hide & Leath fe Be | Bese ted 110-2 Teturned from England, made clear to-| iy rs3 gg ire hh Ss | 20 196% 1000 i t day that the deal he was instrumental] “ts Bp | soto ace 100 eee rp ale fn concluding between the British and ae Nort & Woet 40 ye te American tobacco interests was a com- aig | ibou 1008. AOeOerrgerges Id 00 promise measure. BS | Nort & Went, Poco dn “Tog A _ “There pas been a mistunderstanding| 70 G6 Nat RH of Mex de Rieu iid f@bout the matter,’ eald Mr. Ryan, ‘it| 4" ”) + TT | 3000. To ) 4s true that an vgreement has been| lo¥ Meiarch gg tt MHL M A 6 bes 1000, made with che English dealers “Phe matter stands just this way |Home $3 OM. Edens A ante (now: The Imperial Tobacco Company | oj Fee a ee aS ogg | NevOnsim ae 2 nd the American Tobacco Company | Balto & Udi pt Mea ches & 0 Ry san pl airy Jhave divided the world’s trade territory, 93% co! 105% rae ‘The Imperial Company will huve no “ ” » + au competition from us in the tobavs> trade Colt Midland 4a bg of the nUlted Kingdom. Our company Will have no opposition fro: thom in the Tnitea States and Cua: mY Orecon RRN Co” * Un Pac dat dn Gi 102% 18000. Line Ist” 100) 3000 Un Pas conv ds "Th bf the world ter 4.poc & partepes ahs by the two ‘4000, on Aa pool ; WMO cr has the plan decided Necdceesss 102, 3000 When Tealied, and T presume the detana | ao. WIN TL wes a BO ta i Will be Worked out along that line Kirn 1 Ce ges a ae eet ————_——- eLEa wie 7000 "0 ‘ ‘ : 8 fay & Wa ded PO Moy sam ay 1 ds % Beetity 33% J ore RN Line @ 03% borin ba inte ina Quotations for the active stocks were: Bid. Asked. 100% Nor Pac’ gen’ ts a0. 10) ioe 7000 Peoria & E tn ‘5000. Reading gon 40 TALMOF COFFEE, Be = 000. a Cate B&Q és Joint baw 1000 sseccnes BAe 1000. 1000. 8000, YAn international conference of dele- 3 from the coffee-producing coun- tries was held to-day in the directors’ of the Coffee Exchange to discuss| #9. the production and mption of| son, rt 4 a ed fee. The production, tt is claimed, 10909. Bs} Virginia Coal etfs a) ‘at present greater than the demand bon. Bt tron Mt = SNC ESE ~ 4 ecording to @ statement made by C.| chic a Ait ain & ret 40 The Wheat Market. )B. Btroud, the Superintendent of tho Kee es The wheat market to-day opened “Opffce Exchange, the production of cof-| joo. |! ba San An & AP strong. There was an active demand e@ during the past year has increased | Chic Ind Coal Ry 2000... from shorts on very small wheat of 6,008,000, 10 12,500,000 bags, and he! Wawra gy | aa corti val “hicago, with rains Pelleves one of the provlema ihat will | 8 1 belt. Bi ‘Wgrgely occupy the attention of the con- |. O%:'¢ dup 1-2 In the frat rence will be the finding of ways and) ° sy. 102 All outside markets were ‘of increasing the consumption tol jj 108 0000, strong on general heayy buylng and a ond with the Increase of produc-|¢ mas P it & D Ts lack of offerings. ‘The local trading was i * Een 609 tL Bouthwin jw de 2000 110% conference will probably last) 25900. 123 15000, . 9 100, nay prices were day: mt Ry of NJ bax 00. jeu ERs A&P tat 31 73 5-8, Seaboard At) rotund bx 2060 19 518-4 bid Sore Fy 17000. ve Yate Wher Con is en were: Wheat local cotton market opened firm| ue ceperi ety sree 20S 8000. ea may Niece t W y, with prices 1 to 4 pointe higher. i Ron Nee Pp 92K “slowing prices. w t the sta M4 300 xt 9 December, 7418 Didi May. HA) Kings Co Flee L & —_—e——— |. Corn--October, 65 3-4; Novem er, > WS Laclede Gas 6 . pri i Lecles ie New Road Buys Old Lines, un= ices went up sharply, and rly active, 7 NORFOLK. Va.. Oct Cantiff, two heads of Vanderbilt roads are to Vanderbilt David H. Moffatt, —$———_—_—_ i + Pennsylvania wes strong, but the ad- Shares. . Wind. Low. Cl ‘vance in this, In Baltimore & Ohio, 3.100 Polar cara Ee Ay SN « Trion Pacific, Southern Pacific, Bt. i) y 700 Am. Cotton O17 : Paul and Atchison was confined within br 199 Amerie @ narrow range. tae ‘The industrial list was strong, the 1 on Am United States Stcel stocks leading te t . ‘ 20) Am . @dyance. The common gained two B00 Arn ' points and the preferred nearly a Eroualt vole naye much, while the independent stee! ‘ re a . 3 stocks were all stronger. Underwriters for the Billions/John Cudahy, Millionaire Money at 6 Per Cont. Dollar Corporation Find| Packer, Heads New Com- SINE CSN CHER poe monetary situation, \iarinea py) the Profits Are Coming in| pany with 1,000,000 Acres| Amer, “Wealien Co e@ relief measures pu by . Fi Aves | Becretary Shaw, brought cail money| Fast. of Land in Venezuela. 398.080 atch, » down to 6 per cent. {e400 walt & Cato pf. ‘Tals was due, in part, to the heavy 300 Halt, & Onto pt 100 D'kiyn Union Gea 300 Buttertex 9.60) Ca 40) Can, STOCKS ACTIVE ON CURB. Outside Brokers Kept Prices With. with prices ranging within a narrow To Meet Vanderbilt. An important conference is sched- uled for to-morrow between William Vanderbilt, President Ingalls, of Michigan Central, and President of the Nickel Plate. The fer with Mr, Vanderbilt on finan- A : ditions. ican Company. clal plans for their systems. It is / Prices in Narrow officially dented that this conference Limits. means a revival of the plan for a holding company, That ‘i ‘ rag | Ship-Buiiding Company was held to fees heoreanie eed r; laa: tor daviin tiavomeaic fife ‘Cornoration | Will not be taken up for several tary of the Treasu Shaw's pl or + READING LEADS A RALLY.) ort ne thw financial ettingenc: ‘Trust Company at No. 15 Exchango| months, “I gpprove of the Secretary's recom: | Place, Jer City, The company has sO} mendations," sald Mr. Sage, this aftér-] AM authorized capital of $90,000,000, dl-] 4 new trust, to have a capital of $10,- . is belng formed. It is proposed vugh ft to control the manufacture sale of patented rallway supplies Koon the merger has been In prog- for two or three months. Gates-Osgood Watch. n odd incident of the stock mar- break of Monday in which over 000,000 in profits went up in oke was the tab which the Gates- ood factions kept on each other. They watched the fluctuation in Col- orado Fuel and Iron closely, each tat, side trying to secure advantage of other, It would seem that both had their stock strongly margined, for none of it was thrown the Denver mill- presumably to com- 3 sm varivua | Working order, conditiona in New York} ‘The report says that during the past aes ease ig aiaeKae rae ou Aa ually, work back to) year the company bullt forty-one ves- ae uarte: : normal conditions. bg d Bre ; BE the announcement that the) The money market was very much pipe ens a bd UL ea is us é * : .. [quieter to-day. Call. money rates were] 193,510 tons net and now has unde | President and his Cabinet were agai: |i rong contrant to thone of Yeaterday.| construction thirty more vesaela, ‘Tae | considering trr question, and might tike | "yfoney opened at 6 per cent., went to] @efinite sein of some sort, the uncer-!7, 8 and 9 and at the latter figure held | vensols Baie and hone being, pe $ Lo J funti the bulk of the day's borrowing |#tPucted Include various kinds of t ~ tainty caved additional fuci uations. tani agne. sultable alt water traffic the © ork selling in the early trading there) that Secretary Shaw had named Treas-|iitrmase dn lake teailic makes tt tate ‘and this Increased the weakness here. | urer Roberts, Comptroller Ri Alte aasume that. there will be @ con-| 4 ization In Reading, the Erles, On-| Aseistant Secretary Ailes tinued demand for lake veasela and «| overboard. Brenueation tn Feed ng. 2 mission to pass on bonds 98| fair future business, ‘The company has tario & Western and other anthracite} security for deposits, was well re-! now many contracts that are io be stocks caused declines In the first hour. |celved in Wall street. flied. within: the next twelve months; ‘The three lea ire, 1s here, plete the deal for the floating of the bi (0 mortgage on the proposed ver, Northwestern and Pacific, The new line Ix to > e bullt at once. Work on it how begun, Got $500,000 in Wheat. The Armour “corner” in Septem- ber wheat has enabled a lucky group on the New York Produce Exchange to take out over $500,000 in profits. The New York traders who were on the right side of the deal have just closed out their holdings. In the final summing up they have no further interest. see The final collapse of the $12,000,000 Salt Trust shows that it was losing 325.000 a month and had a deficit of $200,000. Wall street stockholders, who caused the appointment of rece! fear that the company j8 hopelessly Insolvent. $18,000,000 Exce: Wall street bankers point out that the deposits of Government funds in national banks are now just $5,000,- 000 more than on June 30 last. Meantime the cash. in the General Fund of the Treasury has increased about $13,000,000 since the beginning of the fiscal year. Thus the Treas- ury has collected in excess of expen- ditures within three months about $18,000,000. This, they assert, is the crux of the present situation. J. P. Morgan & Co. and James R, Keene have been heavy purchasers of the United States Steel stocks on all recent declines. Mr. Keene rapresents the Steel Trust syndicate in ell his purchases. ‘The Executive Committee will meet Tuesday to pass on divi- dends. THE CLOSING QUOTATIONS. Pacific South. Dal, Erie frie lat pf. Erlo 21 pt Fviville & 7. Gen, Blectric Great North. pt Hocking Coat 5 Minot Hltnots Central Inter, Paper or Inter. Inter Manhattan Manhactan Teach. aot RR in a Narrow Limit. e curb market wa's active to-day, 6s pra December, 53 3-8; January, 49 3-4 47 bid. i sgo'e closing prices were: Whe: | 31.800 Souen, & Went... Foast 24 pt Mla ows. Gur rio itie ¢ 2.40) Penny! 3.100 People 1 1.100 Ry. Ste 1741200 Readi 1.600 Reading 15.800 Reading 24. p 2.500 Rep. Steel 700 Rep. Steel pi 700 Rubber Goode, 100 Raliroad Sec. Go. 200 Slosa Sheffield. Pacite 55.900 South: Raliway . 400 South, Rey” py 900 St. Jo. & GT 1,700 8. Jo. & G. ZABRvs im % se hd Me i th ‘ % 30 hy x oy . Cont Ono Texaw Pacing om Ge LO To ste aw 204 20 ‘ol., St. L, Ww. rin 42.400 Union Pacing ns PE ioe 500 Union Pacife ‘pr..!..: 1 130 0 8. 6.1. Pipe 4 $100 pe pt 56% 6,300 : 1495 100 U, ue 1,600 0 i bm t ae 300 ie ape 219% 300 25 09 it x Bs cocks were 954,000 shares AN EYE-OPENER, Didn't Belfeve It Possible that Coffee Was at Work, People often attribute their {1)- health to some indiscretion in eating, and change diet in the hope of re. covering thelr wonted good health; finding no change for the better in their condition they are at a loss for the cause, never for a moment think- ing that the cup of coffee which they take In the morning {8 the true sourc> THE WORLD: WEDNESDAY EVENING, OCTOBER 1, ALL THE LATEST NEWS OF THE BUSINESS WORLD. GOSSIP IN AND ABOUT WALL STREET, JORDAN MORIARTY®@ 155, 157 and 159 East 23d St. [vetstisine! Another Fine Group of Rousing Values. No other store in New York can ‘lay claim to lower prices than we are asking. If you are in need of Furniture note the unusual offeringsfor this Accounts Opened on Small Weekly or Monthly Payments. Sideboards of golden oak, highly polish- | i rk il en one large ee ste two small [pee Ee Mirae eater | ane em closets, actual valu Handsome 5-Piece Maho or Silk Damask, tufted backs, cannot bs equalled elsewhere priceses any Parlor Suits, covered in Silk Tapestry est upholstery, best tempered steel springs, $60.00 ; E for less. than inl $39.75 Golden Oak Rockers, in golden Bookcases, finely ‘oak or mahogany, cob- carvedand polished, bler leather seats, fine- ly carved and polished, actual value $3.00, spe- shelves and large deep drawers; can- not be equalled cial at Oak Dining elsewhere for less Chairs, fi \ c S finely pole aneyanc our Wished; high — bacl spe brace arms; seats fully worth $1.34 open cane; Bookcases, oak, —_ § $3.89 White Enamelled and Brass Bedsteads, heavy pillars, brass vases and brass rods, brass mounts and brass spindles; regular price $8.00; special. Open Saturday Evgs Enamelled and Brass Bedsteads, like design. with brass rosettes ani brass scroll tips, 34-inch filling, fully worth $10.00, special at $5.48 EVERYTHING FOR HOUSEKEEPING. Le Boutilier Brothers WOMEN’S WALKING SUITS In Black and Blae Cheviots an cy A 594, 75 $$4.75 419,75 . Exceptional balues| WALKING SKIRTS For, Women—Fine quality Melton, and Black and Blae Men’s wear materials—new pronounced flare and open seams, *3.98 RAIN COATS For Women—Of light weight matertal, in tan, olfve and Oxford gray— cape and plain effect, L179 and 514,50 values $15.00 and $19.75 NEW SILK WAISTS For Women—JIn Peau de Sote and Taffeta Silks, plain'and plaid effects, 43:98 "51009 75,95 Unusual values FLANNEL WAISTS For Women—In new Doeskin French Mlannel, all the latest fall shades, Sale of Men's Night Shirts and Pajamas. w” Night Shirts, made of extra quality soft finished muslin, with or with- out collars trimmed in fancy yj colors or white, JOC. each, value 75¢. value $6.00 Pajamas, made of printed Madras, mil- itary styles, with large pearl buttons, all new neat figures and stripes, JI.00 each, value $1.50. Lord & Taylor, Broadway & 20th St from whence all their ills have come, A lady in Philadelphia had her at- tention called to the pernicious work- ing of coffee on the system by read- ing a little book on “How to Live.” She says, “It was truly an eye-opener to me. All the many symptoms of the nervous stage under which I hal been laboring so long were here dl- rectly traceable to coffee drinking. Especially was it shown to be respon- sible for the complete ‘break-down’ of my nervous system, which I had ascribed to many different causes and which had become so great that my hand shook Iike that of a toper whenever I carried things to my mouth or reached out to grasp any- thing. I found myself subject to fre- quent spells of despondency and gloom, a feeling of emptiness, with constant sour eructations. “Now, like every slave to an in- ordinate appetite, I was loath to be- Neve that my favorite morning and midday beverage was the true cause of all this nervous wretchedness, “Having noticed the adverti ments of Postum Food Coffee, I deter- mined to test it, and purchased a package and had some prepared care- fully as directed. I enjoyed my first \!}cup immensely, and Postum has been my favorite drink over since, and that is a year and a half ago. T had barely used it a week when I real- ized a general ‘tone-up’ of my system. First, my appetite improved; next, I had no feeling of depression for days together, and a sensation of comfort, especially of my stomach, was notice- able. After a month I was aware that my hands no longer trembled, my nerves were improved, and this improvement continued until I en- tirely recovered my health. Whenever I learn of a case of ner- 12.96. 13196. 79.00. values $5.00, $6.00 and $7.00 Le Boutillier Broth West Twenty-third Street. are on exhibition fn our fe tots thom exactiy’ax| BEDROOM. in’ your homes. Golden Oak Drem- tng Case and Wash- stand, elegant brant trimmed steol enam- elled Bod, woven wire Ved Spring, soft-top Mattrenses, Its compact pages give in- formation to every known field of research. From a simple answer to a simple question it hey ould apeene year Bema DINING -ROOM | fiit,cover. 18 verte k Sideboard, KITCHEN. mirrors eh Parlor Table (brasa rhandsome ‘Alot or ele- ct | oak ie, | 40 ces ott steps to a discussion of the Fee seer ek, Weadnorae | yards ‘Olloloths heaviest problems of civiliza. tion. It is a book for the stu. We also furnish Three, Rooms Complete at $98. ]}|{ dent and a book for themasses, $1.00 A WEEK OPENS AN ACCOUNT. Holzwasser & Co., 1421& 1423 Third Ave,, goth & sist Sts. On Saturday Until 10 P. M. ; i en Freight and R.R. fare allowed on all out of town orders, Open Evenings Until 9 o'Clock. Cod PRICE 25 CENTS, OF ALL NEWSDEALERS, vous prostration, dyspepsia or stom- t Ry eae 4a 1—It is reported ¢ Bvpcalde neve vee i 7, 4S | here to-day that the Chesapeake Transit | Oct? eater, Sele eae 1004 | Rallrond, recently opened from Norfolk | ss 1-8; December, any [to Capt Henry, and suposed to be | 42 1-2 offered &” | financed by Pennsylvania Railroad men, ———__— 32 | has purchased for §2,000.00 the Norfolk pst poied eather elder mia states 4 |and Southern Railroad ines running . ry from Norfolk to Virginia Beach and[Soien'*Hng Gilay was witnessed bY g North Carolina points, thousands of spectators. ge f ipa ach trouble among friends and others I at once urge the abandonment of coffee as a beverage and the use of Postum in its stead, and I have yet to learn of a single case in which it failed of its effects.” Name given by ostum Co,, Battle Creek, Mich, wt ee , An ad. in The World, no matter how Business success. depends upon en- small, ergy, ability—and Sunday World Brings tenfold resulta before the) wants, s nightfall, ‘i