The evening world. Newspaper, October 4, 1902, Page 5

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tPbecause of the strike ‘alga. ALL THE LATEST NEWS OF THE BUSINESS WORLD. ¥ AND ABOUT WALL STREBT,’ Lem SHES STOCK TRADERS | HOLDING OFF. i \ .Market Uncertain, with Price Losses Shown in the Leading Is- sues. MONEY TO REMAIN HIGH. Three Shocks in Ten Days, With the Future ConditioM® Dubious, Combine to Make Investors Wary. ‘> After the sensational market rigaing, fn which the yalues of the entire Stock ‘ Exchange list lowered many millions of dollars, to-day's opening was a shade better than yesterday's closing in some instances. Dismayed by the three violent reac- tions in the market which have cost speculators fortunes this week traders “were inclined to keep near the shore. ‘The opening prices in the leading rail ‘way ehares which led in yesterd wensationa! declines showed a better “feeling but that the operators were jatil apprehensive was shown In the zig- zag nature of the fluctuations. Money Will Remain High. The failure of the conference at Wash- ington to bring any settlement in the coal strike was regarded as big a men- face to market conditions as the uncer- thin money market ‘The violent nature of the money wpasm, which so suddenly checked the advancing market before Secretary Shaw came to the relief of Mnancters, ts reflected in the advance in the rate of discount by the Bank of England and the Bank of Germany. It {s apparent to the market-wise op- erators that Burope is In a practical combination to hold its gold as long as ible. * This. in a measure, means continued high rates for money and stiffer de- mands as to the character of collateral for loans. Entire List Down. Although the opening was steadier than |predicte@, a decided weakness was shown after the first half hour and Nquidation was pronounced, ‘The initial losses in L. & N., Missouri Pacific, Union Pacific aya Southern Pane Fork Central, Penneyivania and Manhattan opened off about 1 per cent. each. showed the most rasice) de. ¢line, Wher losing nearly 3 per cent., all due fo the flat failure of the strike con- rence. ferin industrial Ist was weaker in 4ym- thy with the rest of the list, tut only Th regnestge (Coated ton fea? cults e. a marked, declin se'ite Siopeete, ated Copper, Sugar an: el “stocks were weaker, Sugar going one point early and the others sus- ning fractional losses, “SThere were doubts as to the showing ‘that would be made by the weekly bank statement, and the trading was thor- oughly unsettled because of tt. Before the bank statement appeared stocks made an effective rally, St, Paul covering 23-8 and other leaders from 1 to 2 points, The bank statement ap- pearel with the Government deposits in- cluded with other deposits and the, re; serve requirements estimated as against the total. The decline In the surplus which re- sulted threw the market Into confusion @gain and prices melted away to lower than before, The level of prices touched Was 1 to 3 below yesterday for the lead- ing active stocks. The market closed active and easy, except for afew feverish rallies on covering by ‘om shorts, ——— The Cotton Market. The local cotton market opened steady to-day, with prices 2 points lower to 1 point higher. The general tendency in the early dealings was toward the bull Gide of the market, but there was a@ general hesitancy and a desire to await ~developments in Wall street. After the eal! the market held steady, with little change in prices. Wet weather was F2ported over the ventral belt. eo opening prices were: October, 63 to 8.49; November, 8.74; December, $0 to 881; January, 8.66 to 8.67; Fel 8.64 to 8.85; March, 8.64 to $.65; wuary, April, 8.64 to 8.65; May, 8.65 to 8.68, —— The Whent Market. The wheat market to-day opened strong and fairly active, espectally in corn, The strength was due to heavy rains In all the important corn States. Wheat went up with the rise In corn, Profit taking later in the morning ehecked any further advance, but the rket remained strong and steady. Outside news was bullish, and the rn markets showed good strength. ew York's opening prices were! We he De heat May. J .; December, 74 3-4. “May, 481-2; December, 86 1 Chicago's pbenine prices were: Wheat —May, M11-4 to 71, October, 19 1-4: De- gember, 70 1-2 oto 8. Gorn “ to (33-4; Decembe iT, 3-4 to 50, ————— SHIPPING NEWS. ALMANAC FOR TO-DAY. Qua rises.. 5.53)Sun sets. 5.40 Moon sete.. 7.21 THE TIDES, High Water. AM. Pt 7 Mook... 12 eee “iat Sitar as ue 1 PORT OF NEW YORK. ARRIVED. See’ Piatt Savannah | Bhielda Havana Mambure | Brtatol | OUTGOING STEAMSHIPS. BAILED TO-DAY. Antwerv. Gartbbee, Martiotque, Butfalo, “Hull Pring Maurita, Hayth. Alene, Janice, Adirondack.” Hatt y Mal SPEDS Jv bin’ OR SEARCH ON FOR | S¢SS!? IN STOCK RICCERS. | trust. To Float New Beef Trust. Hee deliteeys New York banking houses have ar- ranged with the Chicago packers to gan & Co, are accommodating hold- float the $200,000,000 Beef Trust as ers who want to sell by giving them The certificates are sot until listed. can't be listed for a week. So Mor- soon as the money market is re-| old stock for their certificates, stored t 1 ith 5 $30,000,000 Lost by|probably be after the first of the year before the plan is brought out. Turn of the Market Attorneys for the packers are Street arranging the Wall on the Bogus Money writing syndi:ate. Report. Geo The Clearing-House GAMBLING JOB PERFECT. |the National city Bank, next year. day, Bucceeding George F. Exchange Governors Begin an|{s"tompieting his se. Inquiry and Will Try to Run nme Down Men Who Started Ridgely—Shaw Report. nd term. work to-day trying to discover the prin-| Voted clpals In the big conspiracy to “rig the stock market which was 80 sensa- tionally carried out yesterday. Millions were lost in the brief panic 2000... which was precipitated by the publica- Jott tov. tion through the Wall street news agen- 101% sUW0 10:% 10000. cles of a false report of differences be- tween Secretary Shaw of the Treas- ury and Comptroller of the Currency Ridgely. The Governing Committee of the New York Stock Exchange nas taken tho matter up and will make an investiga- tion, If it discovers that the principals in the conspiracy are within the jurisdic- tion of the Stock Exchange an endeavor will be made to punish them. $80,000,000 Lost. It 1s estimated that at least $30,000,000 | pyc en was lost In Wall street values by the |Cien 4 0 die raid, and, while not one-half of this was| 700 in actual values, the brief panic caused B hundreds to lose all they had invested, |! Weakly margined speculative accounts |c fh Q 4s were totally wiped out in the crash, and ; they therefore could not recoup in the recovery, The manner in which the “fake” was sprung and the panic precipitated makes it evident, say Wall street brokers, that the raid was carefully planned and timed, It was sprung at a time when the money market was in a state of appre- hension over the effect of relief plans . advanced by the Secretary and at an | ws Tobscco 4 hour when the Washington wires were | 5000. congested with news from the White House conference on the coal strike. The investigation thus far made has developed nothing more than that the despatches which caused the pante were gent from Washington, that they were not true, and that they were explicitly denied by the news agencles which sent them out. Fortune for Schemers. This view of the case by one of the most prominent operators in the street, reflects the feeling in Wall street: “The raid was planned. It was not put through by inexperienced men, 100 1000. iy Col Southern 4a 70 Peary 2000 1000. Me Mex Cent 4a 5000. iM Mex Cen 24 88 25000. 68% 25000. 6 Mo K 7% 1000, Shares, 6,400 Amalgamated Copper. 100 American Bicycle... 2,000 Am. Car & Foundry. ‘hear? 200 Am, Cotton OM. big ‘bear’ faction in the street} — i10 Am. Corton ON aa) e ‘short’ Interest, 1,200 Amer. Hide & Leather 300 Am. Hide & Leath. pt. 100 American Ice Co.....- 100 Am. Linseed .... 100 Am: Linseed pt. 700 Am, Locomotive. 300 Am, Smelt. & Ref. “They had been hit pretty hard by the steady and upward trend of the market. In the panic of yesterday every member of the ‘short’ following could have made a fortune, ‘Now the question 1s, who manipu- lated the deal? We shall have to walt for the Investigation to develop that. ‘When it does, severe punishment should be meted out to the perpetra- tors, for the act was really a crime, not against speculators especially, but against the sensitive financial world. “We have had two panics now within ten da: and ft looks as though both of them were planned.’ NEW MANAGERS. IN COTTON TRUST. 100 American nut 5.800 Am. Sugar 10) Anaconda Mining. 100 Ann Arbor pt. 25,900 At., Top. & 8. F. 1.600 At Top. & 8. FL pt. 5.400 Balt. & Ont 21300 Balt. & Ohio ris 400 Brooklyn R. T... 600 Brooklyn Union Gas 100 Buttertok ‘ 4.500 Canadian Pacific 200 Chea, & Ohio. ‘2000hie. G. Wat 16.200 C., M. @ St. P 900 Chie. T. & TT. 1,000 Chic. T. & T. pt 100 Chic, Un, Trac 400 Chie, @ Alt 106, C.. C & tL 4.100 Col, Fuel & Iron 100 Got. South 100 Col. & Hock. Val. pf. 100 Con. Gas... Fs 200 Corn Prod. Co. 100 Tob. pte. 800 Del. @ Hud 200 Detrolt Southern 700 Det. South, pe. 100 Distilling Co. ets 100 Dis, Co. cris. pt 200 D., S$. 8. @ Atl. ine wie oe cae Albert C. Case, the President, oe fen Flvctfe - 260. Hock . Resigns, and J. B. Cooper, io0 ti ‘ tral tas: 2 ino! ventral of Boston, Is Elected to Suc-| ‘s inter. Paver 100 K. € rts aM 300 K. C. Southern 200 Keokuk & 8,300 Louls, & “M The American Cotton Company, which Includes in its Clrectorate many well- known men, will soon be in control of new officers. At the meeting of the Board of Di- rectors J. B, Cooper. of Boston, was elected President in place of Albert C. Case, who has resigned. L. L. Fleming was elected Vice-President and General Manager, succeeding H. E. Tanner, jr., who also resigned. F. J. Robertson, Vice-President of the ‘Trust Company of the Republic, was also elected a Vice-President and di- rector, Among the directors are David R. Francis and Cornelius N. Bliss, each a | former Secretary of the Interior: James | G. Cannon, W. H. Po: Chark away and William ©. Lovering ———— - Gormany’s Bank Rate Up. BERLIN. Oct. 4—The rate of dis- count of the Imperial Bank of Germany | was raised to-day from 3 to 4 per cent. ‘The raise, which had been anticipated, ue jo, the large lacrease, of bill disc by the Bank of German un and to the viee'st the Bank cf Eng: land's rate, } We Convince Sceptics. 1c Cataren Hath- | in| rector of {ite stongo Rally Jing MH, under- | thoma The road ts now own Committee |1# controlled by J. nominated James Stillman, Presiden for President of the Clearing-House Association for He will be elected next Tu Baker, dent of the First National Bank, w tional $134,750,000, of which $7,828,000 fs to * the credit of disbursing officers, The Morgan Helps Holders. Sub-Treasury is taking money from J. P. Morgan & Co,, for the voting trust in Southern Railway, have had to come to the relief of the holders Influential Wall street interests are at|Of the stamped certificates who had in favor of continuine BOND TRANSACTIONS. | SOI Central Pac’ 34a 98% Cone fey of @ 24 I ent Ry o} n LOO RAN TNSSe Norfolk & W fe 2000. StL IM & 8 49 Kan city 8 ds Oa 8 T am be Shares High, Low. Close. st shares ud ANNUAL SALE 10,000,000 Boxes Greatest in the Werld 4 MILLION AMERICAN NURSING MOTHERS keep them- selves and their babies in splendid health with CASCARETS Candy Cathartic. The wonderful things CASOCARETS do for mamas and their babies hive become known through kind words of those who have tried them, and so the sale is now nearly A MILLION BOXES A MONTH. Mama takes a CAS- QOARET, baby gota the bencft. Tho sweot, palatable tablet, eaten by tho rursing m regulates her vystem, increasos her fow of milk, and makes hor milk mildly purgative. gota the effect diluted and as part of ite natural food — no violence— no danger watural results. No more gour curds in baby's stomach, no more wind collo, crampa, convulsions, eres saite. S8 cate. 100, 260, 800. Wovee cold in bal. Genuine tablet stamped * 8 @ member of J. P. as been elected d- y, succeed M. Work ,who was Gen. Sam S representative on the board ed jointly by the L. & N. and Southern Ratlway, and >. Morgan. Oo Minimizes Shaw’s Effort Government money now in Na- Bank depositories foots up ‘Temple eeclibh Morgun & Co., and the customs This, in the banks rapidly, receipts add to the drain. a measure, minimizes the good i- sults of Secretary Shaw's relief measures. 99% 100 209, - 130% 1000. 5000. 94 5000. Py Union Pas ‘conv 10000, 1000 93% «100 Wi ier OR 1004 he UN ty 10000. ‘a 16000, cere 38 FT ener a 100 10009, , 16000 14%), 2000), S000) 10 15000 26000. - 42 RR RR. of Mex. pt alk & Went Y. Central 3 pi Ry. Steel Spring. Reading Reading tat pf. Reading 24 pf Rep Steel 8 Rep. Steel pe. Sloen : South Sout. Leather Leather pf. ks were 416,309 The total sales of stc 1,000, bonds $1. CANDY CATHARTIC They j $Speclo ve. o | Reserves ‘STOCKS, BONDS, GRAIN, COTTON, THOMAS & POST. He Seeks to Recover $1,1 10,- 000 from fhe Brokerage Firm for Carriage Company Wreck, Joseph Leiter, the millionaire Chicag: plunger," ts suing the members of the former brokerage firm of Thomas & Post and others to recover for the stockholders of the General Carrlage Company $1,110,000, He charges the firm with wrecking the corporation, which hands of a ri ver In May, 1901. Mr, Letter makes sweoping charges of fraud, and has had papers served upon General Sam Thomaa, Edward R. | went Into the Thomas, Orlindo F. Thomas, Edwin M. Post, Camille Welcenfeld, Cyrus | Field Judson, Joseph @. Tracy, ard | Winfield 8. Jewell, All cf these, according to Mr. Leiter, except E. R. Thomas, were directors of the Chicago company tn January, 1901, while the three Thomases and BE. M. Post composed the firm of Thomas & Port | In the complaint Lelter alleges that | the directors sold to the firm of Thomas & Post 50,000 shares of Treasury stock | for §0 cenis a share, At that time, he says, shares were | worth 4 each, and before the fraud had | been discovered by Lelter and other | stockholders {t had risen to $23, making | a value of $1,150,00 for the block which ; was sold for $1000. He also declares that the property | on Sixth avenue near Forty-third street, owned by the company and mortgaged | for $80,000, was fraudently transferred to the firm of Thomas & Post in can- cellation of a debt of 350,000. ———— WEEKLY BANK STATEMENT. Issued in Old Form and Increase Shown Only in Circulation, The weekly bank statement was Insued to-day In the form heretofore used, wit | the addition of a ‘ine giving the total | of Government deposits, The statement shows: Loans Dee, $1,878,100 Depow! SME TEOWN Dec 4.343.100 | Circulation Ine. 583,000 n| A Dee. 2 151.269:90) Dee 219,863,200 Dec. DIS.044.000 Dec. 1,819.20) Dee. 9.300 Legal tenders Reserve required Surplus ° Amount of U.S. de: posits reported... 40. Banking and Financial. iYOU SHOULD KEEP SPECIALLY POSTED ~ ON PRESENT MARKET SPLENDID MONEY-MAKING OPPORTUNITIES. Do so by sending Immediately for free copy of our 400-page, cloth- bound, Illustrated **GUIDE TO IN- VESTORS" and ‘DAILY MARKET LETTER.” Orders solicited. All amounts. INVESTMENT OR ON MARGIN. HAIGHT & FREESE! CO. ssh st. 1181 BROADWAY, GENKE 5 NEWYORK ~ a feasrosen sr. - 147 WEST 1257H ST, BUN) 3wattanour manne Determining the chara sponsibility our Broker i selection nt Stock “A Glimpse at Wall Street and Its Markets,” AND PAMPHLET ON “*The Grain Carriers,” Issued upon request by as Important #9 ‘Alfred M. Lamar | | gammuniation cede rs sn STOL BI desis in W.E. WOODEND & C0, e8ANKERS AND BROKERS, BROAD EXCHANGE BUILDING. UPTOWN OFFICE: ‘J. L. McLEAN & CO.,, STOCKS, BONDS, GRAIN ‘Sunday Steamers NEW YORK, BOSTON Orde: INVESTMENT GUIDE) JACOB BERRY & CO,, ) Consolidated Stock Exchange. Members: ) New York Produce Exchange, (446 HROADWA paltdsiontes Ben Pocabitaned 1886 Baby perfootly or New York, win ‘Cousitt Cone& CoOj inv Boat, jCtatning for Ladtes, NEW “GREDII “SYSTEM, AUTUr TIN: - FOLIAGE, aE Series wee {ada Sugusii, wg Whvand Laden “Let the GOLD DUST twins do your workt,”? The overworked housewife should call GOLD DUST tothe rescue. It will shorten her work and lengthon her leisure. Cleans everything cleanable from cellar td ¢—dishes and clothes, pots and pans, floors and doors. Housework is hard work without GOLD DUST—the modern cleanser ; better and more economical than soap, le only by THE N. K. FAIRBANK COMPANY, iow York, Boston, ‘St. Louls——Makers of OVAL FAIRY SOAP. Railroads NEWYORK ENTRAL. . & HUDSON RIVER R, & evthan that | CHE Vicue. TRACK TRUNK LIME. VIA NIAGARA FALLS. Trains arrive and depart from : Station, 424 Street, Ne Sain (Gar Pheabu i Westbound trains, hes to rk ing “Grand. C RN FASE LING.—Pittabure and) ASM, 845, 990 9.48 oe SrLVAStA tiwirep.— | J2Sth 86,00 receive partment Slee, Dining, Smok and Observation Cara. For’ Banking and Financia Railroads. Peansyivania RAILROAD. STATIONS FOOT ( WEst TWENTY-THIRD STREET AND. DEsHMOSaRs AND ‘LANDT STREETS. (PT he lenving BANKER, {39 EASE 4a ST. 12 EAST 23D ST. / TEMPLE BAR BLDG Transacte n go 96 to 66, will atop at 125th =t. ten fore arriving time at Grand Central Stal 2.10 4..%— MIDNIGHT EXPRI 3 Bomalo Series Sé 5 Series N ND ST. LOUIS EX- Cincin- Chicago, eat 7 Series No. iS ! “ine io. ML uy P 7 8. as rary Serles Nos Series No. Serlen No. PEEP a s Dining Car, > EXPRESS.—Por Pitts: For Knoxville, daily, via TOA RE % doa y,_Rtoute. Connects for Cleve: PENNSYLVANIA, BLAND AND CINCINNATI! Cleveland and Cin- 1 sOUTH. A010 (Derbrontes (Dining Cary (Dining C37 PS @ CWwWw 5 ¢ SS & 88S ae a ae Nigearn Fait i228 ae “toate ‘LIMITED. 55 (Dining Car A 2.10 (Desbrosses and Ce nacessional Fl ana 2.25 (Dining Cary, 4.25 (Dining pining Car), 9.25 P.M. ag th tay, 825, 0.25 (Dining ari 10.55 VAL BM. 12-65 (Dining 333 i Parlor’ and bisieg 25 Dining Carn SP ow. n= “THE 20TH CENT! 20-hour trata to Chlenae “Shore. Blectric tights ce tALBANY ito "THOT FL Pact #8 8S Do, Aww 888 ESE 2 = *g 1210 tent dally. —Exprem, 9.25 A. Mt ) Members New York Con. Stock Exchange indianapolta xe a, Mia 25 BROAD STREET. 7 7 WEST 33DST. “Me mS 2 | OPPOSITE WALDORF: ASTORIA VAY 750 A.M. Stock, Bonds, Grain and Cotton x PORT and NORF Bought and Sold for Cash SAL Mee and 808 BM or on Margin. i Sup SM.” Through | <{ Parlor Cara ai CORRESPONDENCE SOLICITED. ot farlor Care and ar Rutland. i; GARIRONDACK =ANR MOMN+ eee oou ems wet: D, Hise Paup Sas torwnte (Od 5P. SPECIAL MATL Siveptig Car ouly fur Rochester, SPECIA i ~~ C0 DINAH |Seod for Our Srecial Market Letter cn ars. Dining Car, and Stan 20 ?: SOUTHWESTERN SPI z ete ty nel oy sci incsanat! 7,60, Tndlanapolle Now 401, 1954. 111 and 281 nroad P, M.—cPACivIO EXER BO Mo. Pac. o Aha tine PUR" | 9.80 & Menace ERAN “eng 1 Astor House; West Twenty- and mations foot of Dea- F 4 Court Street, end NEW YORK 190 Ee te Oe ae Puig ai Nath Aantal Sundays At SO A 1.30 Piatt "Dally. rand check baggagi neea through to 4 Righteenth Stree Cab Service, CHICAGO, — PHILADELPHIA. — BOSTON. ‘275 Columbus ave. ‘Coniral Station, 125th s 8a. New York; 106 Broadway, B, D., Sia NEW "yoink ” CENTRAL ROUTE AND NEW ENGLAND, ers oh . 25 Broad St., New York. vanolidated Stock Exchange Menters New York Produce Exchange ag) Boart of Trade Steamboats. AND INVESTMENTS. cos, SOY ) $2.00 to Boston. | LINE | Page Ilustrated The Fast and Elegant Steamers ect GUIDE | LARCHMONT and TREMONT ‘Ciry BRANCII Leave Pier 25, BR, foot, of Catharine Street, Every Day, tmeiuding Sundays, 5st BOSTON AND A $1.00 to Providence. (Sew | York Ceatral & Hudion River BR. 4 MADISON AVE SPRING Hostua 19.00 A. M., 712.00 noon, 94.09. M., 911.00 P.M. ; arrive’ New wow a a sae Mio tw, Sys aco iow’ P. praia pnga! Number.) Staterooms Reserved in vance. - oftcen ewes, "nonds ouais. corron | Cyt Rates to All New England Points, | Meee Sh OROR DANA INVQSTMENT GUIDE bas been th special r $3 to Boston By direct steamer, all the way by outed from New York, Wednesdays and Saturdays, 6 P.M. Returning WEST SHORE RAILROAD. al Mt River RM co. Lamon rain later foot West 48d at Nome Fur incerm: povnte to. Almang. an be ina lea follows, and from Atlas Stores 6 (+7507 °M B&W oOF ae BANKERS AND NROKERS P. M. on Wednesday and Saturday. "3 * San | DIRBOT SPEAMER, CHEAPE AND BEST THIY ON THE AMER For Sale. EX COAS ——— | DAILY—SUNDAYS INCLUDED, ONLY 50 CENTS PROVI DENCE, NEW “LINE. of reaiden, | aak EDUCATION, . Free Lectures — This (Saturday) Evening at 8 ofCloctie BOARD OF Life ta Palestine.” oF a \ ated, tant AM 9k em mk Moy» MULSIN Hivos Day gine. Y Watchesandiamonds, "> Sa Lowest Pric Re in American Wats ‘ ; ve GEO, ROBINSON (LAW eS ; ine SUNDAY WORLD WANTS WORK SISiY Missin, at Bes tas ~«* Twoxpay Monuuna wonpmma | {Gating “7 arr erm Zeligious Notices, We ond

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