The evening world. Newspaper, October 31, 1902, Page 11

‘THE WORLD: FRIDAY EVENING, OCTOBER 31, 1902 ALL THE LATEST NEWS OF THE BUSINESS WORLD. ~ STOCKS SHOW (LEAD TRUST 10 AW STRENCTH| WIDEN ITS SCOPE, AN EARLY DECISION) WILL BE ALL RIGHT Merger of Big Comsnieh 3] Appeal in Hodge Suit to Be Hur-|Dr. Ward, One of His Physi- ce paluae Mines in Coeur} ried, so that Plans Can Be| cians, Says Rest in Europe d’Aleine District of the West.! Carried Through. Is What Steel King Needed. ———— OVER $60,000,000. November Payment Will Be $3,000,000 More than for Same Period Last Year. Y faakettan estore c Feature of the Mar- ket, in which Railroads and Industrials Make Gains and General List Improves. The Whitney-Ryan-Guggenhelm com- (Speriat to-The Evening World.) Attorneys for the Billion Dollar Steal Beeinning to-morrow, Wall street will Teta yore re Mae wae Trust announced to-day that the de-| PITTSBURG, Pa., Oct. 3.—“Charles| yay out for Interest and dividends due in adaveea' {tap . cision of Vice-Chanceilor Emery In tha|M. Schwab will be all right after six | November an agkrexato of $ii,380,028, ‘LONDON LEADS THE WAY.|°1 ged ite Plans. tion of the come|fodKe sult will dé knmadiately taken|_months' rest in Burope,” said Dr. Ward.|’ hig is an tucrease of more than - 5 biivation to widen the scope of the pro- bee Midas of Errors and Appeals of Seay THESES IT OR ETE Be Gd $9,00,000 over the Interest and dividend posed merger, so that it may include al" 7% TN itis’ htwts; tor] lnw:the ‘private cat of the famous etee]| Carrere fOr the aane miei en In St. Paul Stops When 8: consolidation of the lead miners in the CURSE eRe MRA Ae eh 2 VeRs] Me LOY wreee Only Oat] oats au! jops When Stand-' man. ‘i i the November term and a decision Is autiy ‘ ard Ol Int Coeur d'Alene fiistrict of the West. t {thi Aaa Dr. Ward continued: “Mr. Schwab} . The increase Is nearly all in dividend interests Take Up the! ‘rhe Guggenheims, who control the} “mccted, within ch aNart will bo | Reeds rest and has gone to the riht| disbursements on railroad stocks, q_ lesueGates a Buyer After Set.) American Smelting and Refining Com-| nal on the entire matter.” sald am Hiv sorta ge, lease be able to have! which amount to f18.Ri219%, as con- ‘ ¢ West, are sald to have au 3 y ty enter the harnexs| Industrls vidend payments wi " josted the ts Agi 4 ae to the right of Ne majority | once more and handle the immense in-| to 797, con me 2. ert wilh lee tavorabiy’ reaaraete by holders of the United Btates Steel | terente which have devolved upon hirn | (olte #5787921, a8 compared with $17, : the Whitney-Ryan interests, Corporation to authorize and carry ‘Into lever since he began active work with O61,668;:1n November, 1901, 1 JA striking change was noticeable in! "Tr the new plan is carried through the | effect the bond conversion plan. tho atee! busineas of the Carnegle Com-| The largest payment will be that. of : day's tock market. The apathy and| holding company for the enlarged trust] “The conporation expects 19 have the! pany and then later the big United|the United States Stcel Co: th will. occu conversion completed wittin ninety | States Steel Corporation.” es tates Steel Corporation, bearish feeling of the” Inst four days] Will occupy the game relation to the | sQveerh hy Shen begin the expenditure | De, Ward would not talk on the re-| Which will pay a quartely dividend of B a way to a cheerful tone and bet-| pining and smelting trade aa that of) Py rbout $30,000.00 In detterments and | ported extravagance of Mr. Schwab in| 1 3-4 per cent,, or $5.90,108, on Its $510,- * abe a Bere Cee ‘the steel. and Iron busin: changes In plants.” jurope, 314,100 preferred stock, centre trom which the organized “bear’ ' Foe tn Wallet nan teen cont MONEY RATES ljP THE CLOSING QUOTATIONS. BROKER LOSES 93 , suffers @ etartling reversal of form to-day, : gets closing Londen gaotatieas High. Law. Close Loe. i stock in the International list 85% Kt, geored an advance. Which was @ ETTLEMENT HH bars “at oe CHARGES FRAUD ¥ By GSN 89K | 1.200 Blew Sher. - 65% @tfferent closing from that of yester- ; ‘ Bia Gah Bai | 21.000 Bie ic i 70% ‘ day. 93% (92K $B] © 400 Southern Rallway Gt gas Tevorted in Wall street that ys EY We pede. eur ah mge in the sentiment abroad was due Hy to the feeling thet ‘Tuesday's elections | November Demands Advance 3,09 0% Hartford Man’s Complaint ./ Would not hurt the speculative group. i 23 st. i j Toe cee tee enezecuative sroup, | Call Figures and There Is e : “ s Against Jerome Melville and outcome has been as important : Sutcome has been as Important a factor! Much Shifting of Loans. 8.000 ba nN “National Stock and Grain operators hesitated to say whether the . 1.800 soit ” Rew form was based on assured condi-| \, a mo Twin ch Company. tlons or merely hopeful feeling. November settlement demands caused 15.600 ad eh u Mane Ratiien duel weatace: & atiffening of cail money rates to-| i009 ea In the general market Manhattan was day and an advance in the quotations 3.300 U1 ae | R. C, Beers, a Hartford stock broker, , ithe feature. It led the market at the | OL M* months money, 409 t Rene Cater pram ee oom tn te: opening and was the most active stock | Cal! money opened at 6 per cent. and) 599, u Se eau cena ty en) ante te the) list. 1¢ ecored’'a| gain’ of neatly |e firm around that figure most of| 1,000 i wherein he charged Jerome B. Melville three. 00: the day. 84 v with defrauding him out of $1314.36 by ‘ points in the early trading and v 1.0 Chie. was heavily bought, ‘her was @ considerable shifting of 20) Chi means of an filegal brokerage office loans to-day due to the various large| _ 200 Chic which he alleged MelyiMe until re- ‘The acknowledged leaders of the Mis- 18 en | gourl Pacite pool wees tho hreaviesy {Payments wh'*h will be made to-morrow | 1100 (nt. cently conducted at No. 112 Wall street s payers of the stock and gave gost ost? Mondsy 2.100 chic. under the name of ‘The National Stock « the buying orders on the market In the fore. exchange market short} 1,60) chic. Cig RTE ST EER ‘, It was reported in the afternoon that |*tetine was barely steady with easier) 600 c Reera was represented in court by / | ‘Gould-Haw! aici "1 private discounts reported from London.| [fy Attorneys John L. Kirk and ©. 1. 1 the Hawley-Gates-Osgood fac Avery, Jr, of No, 120 Broadway. Ao- ‘The price quoted in early operations was 4.86.80, Cables were offered at 4.8725, while sixty-day bills were firm and slightly higher at 4.8350 bid. Gold exports in the near future were bt 4 « tions in the Colorado Fuel and Iron Company fight bad amicably arranged ! their differences. . This was given a strong show of au- thenticity by the fact that the various cording to the plaintiffs ‘The National '% {Stock and Grain Company” sent an agent named John Latham to Hart- ford. Boston, Providence, Soringfield and other New England cities where stocks in which ti 1 tT ateeseted ‘fad’ agiteae moat heavily | not considered go atrong a contingency the latter secured trade from local ‘ Malia thal opening vactivit fos dais) . to-day, but foreign exchange experts $84 | asnat. Copper High. Le stockholders by representing that the PAC a MS Tare esa atc aia said ‘that 8 dewiuhlpmantsfobeoitienlght pene Oorgee: Missa company had $0,000 capital, and that | : t liquid, de ph nad hd EH ade de t soon. ‘8 | Am, ymotlve. 20% 20% they ‘would put in private wires for see of quidation was most encour- these ill be nthe nature of special AB eee Locomotive ¥f, & 2 out-of-town correspondents, sas shipments and will have no especia 8 ie ocect Ni goba W. Gates and Ke Western fol |feference, to” the. settlement nen! Se | Ac The plaintiff claimed that the procecde York's foreign indebtedness. Tp | Brock, Rape of orders forwarded were pocketed by , Jewing,( who for the last week have| "London's mor te view of the 4o")| Genedlan “acitors defendants and that proof of the defen- | been fonounced bears, were buyers | financial and busin situation was im- Wt ih Gants deail vere furnished by Frank {| to-day. They are sald to have changed mediately reflected here, for ‘Well efreet ay oF en i ngs mee ah lat is is confidently counting ‘on a good ban ay ‘orthington, a telegraph operator em- " sentrences hen atthe Res cere deeetetied. that there wil Bs ployed by Merve _# toria last migh| be uncertainty and hesitation until the By Goorge H. Winfleld, an employee of | Disappointed” shareholders of campaign closes, the end is so near that H “The National Stock and Grain Com- | Sharpisrin ‘the tires hous, but the stork | ,SIce, Test, 1 rriday. Py apelin ih the Arm methods this morning. Counsel bed $4 awn wou and advenced in the | terday it lost. $751,000, % 1m S| for plaintift say they have the names of i er trading, : e vietim firms. > gil 128, tld that, the Btandard oll in 0% LA he eb LL rests, for some time large purchasers scarne on ia othe ei caoe, au, ata vas ones WALL STREET GOSSIP. sg STOCKS BETTER ON CURB. 1 Serings wero ast prompt vill le he Peek ety wee phd ; er ty no! wei Was 80) iy ie mi~ * *. 12 t Higher ‘rices Dority’atockholders” on the theory that! Want Republicans to Win. 169%, hey ane a pL CK ‘of the system tarou! . atuide 9 7 fanue C Const Ling had no compensating | Wall street operators, whose deal- tn lps advantages for them. ings are tremendous in the aggregate of The ee mats Aare mie Sat te te day, with quotations showing advances. ‘tchison, Southern Pacific, Union Pa- gifc and Pennsylvania were stronger | a=4 strong enough to eway the far- Quotations for the active stocks were: $23 BSR eae a sympathy with the general market, Ne fare mitts Were recorded, but the ad_| Ket, Say that if the Republicans re- ‘7 ul xeeea! Vances were nearly ail held. tain control of the House of Repre- es Abo “i. Industrials Strong. sentatives next week’s stock market ie ate will mark the end of ruling low a xT industrial up Ww, otwbl 40 i taro , the biggest advance. wust¥lY | prices, Until the complexion of the it | wees Ay ee in Sugar. The steel stocks and | lower house of Congress is known B a Dis, Ama, bonds rH as arc siahey LScaeed Dit also |they are standing aloof. 3.400 Reading 24 pf. ROT 54 oh ue ‘nawn movements of money for the . . . 1,000 Rep. Stor! b+) ‘Total sales of stocks were 116,800 shares. Paper iy G, eek, indicate a small gan in cash by) Charles Mf, Schwab, President of the Paper B © ee alitidhaais mH lcnter gate acorn oe) BOND TRANSACTIONS. [iis 4 The banks gained from the Sub-Treas- |*ocks of the concern of the par value Manhattan ie gl Ury $7,435,000 and lost to the interior | of 0 Chairman masorge ye Ere BECO, rene MM L ci i 4 LATHE thloments, were made direct. to ie att helene im LINKS BRITISH EMPIRE. tH .ouls this week, but the Sout! eT 149, this point a tee mea whieh Went Without Flurry. 87% |iKing Mdward Receives Firat Mes VAL cotton mone: ‘comin - te Eni deatse, MONS one v oming| J. P, Morgan's new Atlantic Steam. we Over Pacific Ca ship Trust ha8 recently taken $20,- LONDON, Oct. %.—The last section of Annes 4 O The Cotton Market, STEEL TRUST SEEKS THE SAYS SCHWAB [DIVIDENDS WILL GO JUNIT OF TRADING AULE TO STAND. Consolidated Exchange Govern- ors Not Likely to Oppose Big Majority in Making Change. The Governors of the Connolidates Stock Exchange have decided to post- pone until Dec, 1 the enforcement of the new rule increasing the unit of trad- Ing from ten to fifty shares, Inasmuch as a majority of those who voted at the mass-meeting wete opposed to the change, the postponement {a regarded as disposing of the matter. It ts believed the Governing Board wilt new unit. question the most important the Exchange that has come In many before months. BANKER DIES AFTER ILLNESS IN PARK, Charles Sternbach Was Stricken While Horseback Riding and Failed to Rally After Attack. Charles Sternbach, senior member of |e) the firm of Sternbach & Co. bankers and brokers, at No, 4 Wall street, died at his home, No, 129 East Sixty-ninth street, to-day, Mr. Stern- bach had been attacked by a violent ft of vomiting while horseback riding in Central Park yesterday afternoon, and on being hurried home a specialist was summoned and every effort made to bring the patient around, but all proved futile. Mr. Sternbach lingered until an early hour to-day, when the end came, Charles Sternbach was born In Ger- many about 63 years ago, and came here while quite young. He entered the dry-goods business and was one of the Pioneer merehants of this city, being long ‘with the firm of HH. Herrman, Stern- bach & Co., and up to the first of la. year was the senior member of that concern. Then he identifi@@ himself with the new firm of Sternbach & Co., with his son Sidney, and Adolph Hoeland . Mr. Sternbach was interested in sever- al banking concerns and a member of the Chamber of Commerce and several clubs, besides being a patron of a num- ber of charitable Institutions. Mr, Sternbach was long a member of the Temple Emmanel. He was a man of many charities, and domestic life was perfect. His wife died last Febru- tie And this affected him much Maurice €, Sternbach, a member of the New York Stock Exchange, and Sidney Sternbach, a broker, sons of Mr. Sternbach, survi: m. ‘Phe funeral services will be hea” ala Sunaay, afternoon. LONDON MARKET FIRMER. Light 't) ng, but Better Tone iu American Securities. Increased confidence was dispiayed in the transactions on the London Stock Exchange to-day, The general tone was much improved and prices throughout Ts substantially, better than yester- ate figures. ‘There has been large public “buying of home ralls ard Grand Trunk Shares, Trading in the department for Amert- securities was on a limited can but th scale, but the general tone was firm and the whole ith a few minor ex- inclined to harden. can mining stocks were ade in advance of yer- jo Tintos: sold at 42 3-4. peptlons. es steady, ‘ande terday's close. —— The Wheat ket. ‘The local grain market opened higher today on account of the light rains West and firm cables. Corn started 3-8 to 1-2 cent higher on general cover. Ing of both December and May, Forelgn houses bought a little M at the opening, but otherwise trade was of vant Soom character and of moder= volume, 000,000 away from Wall street with- the British Imperial Pacific cable was|*e Vm sain os out creating any monetary flurry. It jald at the Fiji Islands yesterday. A WheatDecember, 7” 1; in 5-8 to is stating the facts only to say that congratulatory cable mesage doee ing 4] fiareh, 3-4, “Corn—Decembe: Edward reached Buckingham Palace)"; ine ior ere: Wheat i the Morgan’ houseije the only one {a this morning, being the first message _Ghicaro’a opsnin * toa St May,,74 6-8 Ht Wall street that could finance as big sent over the line which links the B: to 74 3-4, ‘Corn: ete to a deal now without disturbing the ish Empire together. ER alts Pe By) paetli Taly, Fi ry monetary situation. RTE eee Wheat—December, To's; March, 9037 * 9 8 The local cotton market opened easy to-day, with prices 2 to 5 points lower, The whole market was depressed on the {ssue of about 10,000 November notices, a large estimate for to-morrow's re- celpts at Houston and better weather. There was a slight rally of room profit taking, but bull enthusiasm was entirely Rock Island's new securities will be issuéd to-morrow, ‘They will be ready for delivery at the office of the Central Trust Roepe ays: Noy a wai atreet, Rockefeller Horced Deal. rust Headed by Lewis Nixon .. Makes Application to the Ex- change Governors. * 3000, +5... Unt Pas Lat dn 7000... 3000, 45000 1000, iB Fes conv te SF eia"e § 104 President J. J. Barling, of the St.| 190%. Be % |lacking. The public kept out of the \ Paul, is enthusiastic over the pros-| cht & cogil i 4g. | mae ec and the fool tetent uered tome i The United, States Shipduliding Com- | ects of the road for Pacific business, i Roig Has Hurope wore light sellers on the early | pany has applied to the New York |now that it has forced a traffic agree- oe 1a) | Ope line aang prices were: October, Ral Stock meashanes to tat preferred and| ment from Edward H. Harriman. It a 00, Aare 109% v0 28 108.29: December rg. fund abi . ior _comiinon tock and the sinking "0 way John D, Rocketelier who planned ee Bog, aE to 84 and ‘tage 5 rs ‘7 Wehash lee bed oO the cSup. He announced that the raoh to 8 Jul Xt asks ‘that there be Mated $30,020,000. | 3+ paul would build to the coast if ty 1000. 6 per cent. non cummaiative preferred tt could get there no other way. Re ces at 2.30 P.M. were? Decem- tock ; $25,009,000 common stock; $16,000.- ge 3 G a 6 } January, 8.04; March, 8,32; May, 000, Firat. mortgage 6 ped cent, sink- SHIPPING NEWS, 90% dng fund bonds and $10,000,000. 20-year teed cent collateral and mortgagy ds. ALMANAC FOR TO-DAY, For Sale. y, 78 3- cs Corn—December, 65 6-8; Ja 475-8 bid. ing prices were: Wheat— May, 741-8 to 656-8; November, 423-4 GG C pcios December, 12 1-2 (0 72 + 741-4, Corn—Octoher, 541-2; December, 611-8 bid; May. bid; Jply, 421-8; January, 439-4 bid. Help Wanted—Female. WANTED — COMPETENT TABLE HANDS FOR DRA- VERIES AND CURTAINS; ONLY THOSE EXPERI- ENCED NEED APPLY TO WwW. & J. SLOANE, 86 EAST 19TH STREET. For Sale. 100% 3000. Sun rises... G.27/Sun sets... 4.59/Moon noi jes to-day were $1,616,000, THE TIDES. _—<—<—<—— High Water. Low Weter, AM. P.M. PM. | The United States Shipbuilding Com- pany GOVERNMENT BONDS. im the recently organized ship ‘Yard oomyination of Nixon is the president. _ Phe combination represents the Union of, San Francisco; Bath and act Windlass Ci which Lewis andy Hook ata PORT OF NEW YORK, Sourapare tt oMolal German exhibit. Emperor William has approved the etn of Dr, Lewald, whone work at 0, Exposition was satisfactory | bot to the Fair Cire cesmibitarn. GERMANY AT ST. LOUIS FAIR. £ $500,000 Set Aside! Com: i Named. BERLIN, Oct. 31—Strong official in- terest Is belng shown fn the St. Lou's #xposition, and it ts almost an assured 5S ti worth Company. Wi Manwdatufing, Co J., and the Bet Yotouans STEAMSHIPS. INCOMIN NG 45 WEST.14THS1. # FURNITURE ONLY. YOUR CREDIT IS GOOD Open an Account and Pay ONE DOLLAR A WEEK. FURNITURE AND CARPETS, LADIES’ SUITS AND CLOAKS AND MEN'S CLOTHING, LEW IN’S, make no further effort to establish the |v Traders in fractional lots consider the | scleuce. Banking and Financi * JACOB BERRY & CO. New York Produce Exe! Member Conpntidated. Stock Exchange, Established 1865. 44-46 Broadway, New York, Boston, Phila. Hartford, Montreat, Transact & geveral brokerage busin Stocks, Bonds, Grain, Cotton, ESTADLISERD Co. MAIN OFFICE, 1890, fh G3 BYWAY, N.Y, STOCKS, BONDS, GRAIN, COTTON, We will be pleased to wend you upon request sur 400. Ab-bound, Mlustrated “GUIDE TO INVESTORS," also STOCK AND COTTOX MARKET, LETTERS, Ieaued los tree. painless iy when [SEI ena pip where Tee #0 ‘Teeth Without ahegey N o + Slup Dentistry: ot Pere er tees pantees SE" BES TEE nn QUADRUPTE rc Os (BMBF oP Nien eat esting er tine ae es Tak dena (iin oe a PAIN ote 7 oy aes alc e PARLORS RELIABLE PAINLESS DENTISTS, 26 West 234 Street, near Sterns, Stet PO Sale. EDISON PHONOGRAPHS Week \ oe Stock of Records In the World DAVEGA- 2,92 E. DAVE eas and Saturday Rv's, GROR,. nee CRED! I EVERYBODY. CLOTHING FOR MEN AND WOMEN ON EASY “e or Nos PAYMENTS, Le FStana ca 2289 THIRD AV: EAH 125TH ST COLUMBUS AVE. HEAR. 10TH BUSINESS CONFIDENT NEW. CREDIT ‘SISTEM Pe CLOTHING FOR LADIES, MEN AND BOY! reterence of security reqi No Isquitise or eeilverien tase. bane your purchass, pay the first paymént and “"THE FASHION CREDIT HOUSE,, CREDIT. Watches and Diamonds TRANMACTIONS | CONFIDENTIAL Call, Write or zeleenens: American Watch and Diam ond Cov This Week our opticlane will sraming your ¢ eon ir of 98.50 Geld Picts ttn You wit never eve ta chance . KEENE OPTICAL 180 Breedway, fow York. Hours @ to 6, Saturdays included Glasses made and repaired while you wait, “We Will Trust You. We sel! Clothing for men, women and children at lowest Cash Prices and iake your word for it Chat you wilt pay as ara 2 an no Aecurity required: busine STANDARD OUTFITTING CO., near Bth ave, Open evenings count monthly pay- NATIONAL ly Maante: towent prices: easy terme DIAMOND WATCH CO. Brow | $1 WEEKLY Get! order. 227 Rroadway. Ros Patents. gd FACILITIES for procurli nd Fors years’ experience, Conaultas xe Book on Patents sent tree, one 6 adv Good patents | ieotiated, Trroad wi ADVICE PREE; patents promptly procui ventors’ Guide FREE. EDGAR TAT Patent Attorneys, 245 Broadway. | Help Wanted—Male. UPHOLSTERERS — » XPERI- ENCED MEN FOR INSIDE AND O'TITSIDE WORK; GOOD WAGES ANDSTEADY EMPLOYMENT FOR COM- PETENT HANDS. APPLY Ww. & J. SLOANE, 36 EAST 10TH STREET. ANTED—A ruler and a dookbinder. Address ‘Scranton Republican Bindery, Scranton, Pa. Stephens & Co., red; i ‘con, HAIGHT § FREESE}: NEW YORI ENTRAL THE FOUR- VIA edd UJ san Tralee arrive end depert, trom g Su reet, New Ye rere ‘orsnd. Ce Station, Ail, routhbound. trains ury'* and the “Empire Bn to on wilt stop ay 185th arrivin PL at. ae Ai ‘RAPIDS AND CHICAGO | FBO: Ale P. M.—*LAK LMT GPR WOoWn ets =) ae ‘ua cee NDACK AXD MOM ~ QANDAH ® 8 Ta hours by lake shore RTH ARN NRW NEW "YORK "CENTRAL NEW RS gs BUS TUN Nb NBW ENG 126 Brosdway. and at A "Gen, Superintend WEST SHORE RAILROAD. (ee Fork: Central fe Hh. iver MR Frahklin St. Sta. fellows, ‘and 15 min. Inter foot West (term. points to All and Mohawk Dally, ex x (1) at $10. raey. nh P. RR. sta.) at . M. Time tables at Baggage checked trom, “Tveateutt xpress, RAILROAD STATIONS out: ATW ty-4 DESBROSSIOS “and, ‘conTLAN eS Car bitabare {0 Chicane.” Re 8. as M.—FAST LINE—Pitinbore 9.55 .A. M.— PENNSYLVANIA oe eel Dialog, BaRES, De ‘Cinectaneti, Sse ie ral PEN: train to. Cale (ee Hou Deawing-room, ie “Senoking Car.” Reliable Goods. | 5.53 re ae Pi Sg COAST te ce 2 A LJ RADARS 2.55 P.O Porters bars, ye ‘Car son Bundaye. he — DIED. LOGAN—Suddenly, on Oct. 29. 1902, Hon. JAMES. A. LOGAN, “Relatives and friends are invited. to 125TH ST. GLOTHING. 2 WERT 2