The evening world. Newspaper, December 2, 1902, Page 9

‘ALL THE LATEST NEWS OF THE BUSINESS WORLD| STOCKS SAG ON |L” DIRECTORS i cosine aa CURRENCY TALK} RAISE DIVIDEND. £ Wall Street Hears There Will Be No Financial Legislation This Session and the List Drops Two Points. OVERSTREET IS AUTHORITY. — aeard this afternon be no currency Wall street that there woul. .legislaion in Congress this sessfon, and prices immediately fell off, the whole list showing losses. Congreas- man Overstreet, of Indiana, who is qualified to speak on the subject, was quoted as saying that no financial bill need be looked for. As finan- ciers had been quite confident that currency matters would be given attention the news was exceptionally ; disappointing and a two-point slump all around followed. There was a partial recovery, however, before the market closed. President Roosevelt's annual mes- sage to Congress, which was read tu both houses to-day, was discounted {n Wall street before its official ap- pearance. The salient points of the document, as far as the financial dis- trict is concerned, were accurately forecast, and the secrecy which is popularly supposed to envelop the message of the Chief Executive was not regarded in Wall street. After the publication of the mes- sage the Trust issues, which would “be hurt most by legislation along the 9 ‘ r 4 ‘| ‘ q f o4 qi 4 | b q + 4 } ‘ ey. 4 ’ t f { | i ines of the President's recommen- dation for publicity and State or National supervision, sold off frac- tionally only. Not a ripple of ex- citement was created by the Execu- ecutive's recommendations. Brokers, speculators and bankers alike joined in saying that the paper was a con- servative one and correctly set forth ‘the general prosperity of the nation. Up, to noon the market enjoyed a steady advance which resulted in the highest price of several weeks for * some of the issues, The realizing sales just prior to the appearance of = the message sent prices off a little, but much of the advance was held. The most important movement of the day in the money situation was the advance in call money rates to 7 and 71-2 per cent, This was viewed philosophically by borrowers because they regarded it as :helping to postpone gold exports which in- evitably must go to settle New York's foreign indebtedness. THey regard it as essentially neces- sary that gold be not permitted to go to Europe until after the New Year payments here. For that rea- son any temporary expediency such the raising of rates for call money, | 48 looked upon as a necessary evil. The features of to-day’s market were the bullish operations of the “Waldorf crowd” and the Gates-Lam- bert group in the railroad list. By their jont efforts they sent Louls- ville and Nashville beyond 133 and boosted B. and O., St. Paul and Atch- ison, apparently for the purpose of ‘profit-taking. ' Sugar Trust magnates were heavy dealers in the market, and until the | Man, declaration of the regular dividend Sugar was one of the features. It reacted after the declaration. ‘London's operations through ar- bitrage houses to-day were particu- larly eccentric. It first sold nearly everything on the list and then turned buyer, For the session it bought -perhaps 10,000 shares more than it sold and dealt in about 20,000 shares alto- gether. Theadvance in L. and N., although brought about purely by speculative @fforts, was said to be based upon well-defined reports that the divi~ dend rate would be increased in De- comer, Henry H. Rogers and William Rockefeller started in to-day to give the shorts in Amalgamated Copper a drubbing, and they carried out the programme. They advanced the price from 57 to nearly 60 and are said to have caught Thomas W. Lawson, their Boston foe, short of the stock. ‘The action of the directors of Man- hattan “L" in increasing the dividend from 4 to 6 per cent, and in calling a special meeting of stockholders for ore 16 kept that issue steady around Insiders in New York Central bought the stock steadily to-day on information that the Vanderbilts pro- to advance the dividend rate to cent, basis. If this is done it will be at the meeting of the dl- rectors early in January. Late in the afternoon the state- ment that $500,000 gold would be Increase in the Quarterly To- Day Brings the Annual Dec- laration Up from 4 to 6 Per Cent. CALL TO RATIFY LEASE. The action that Wall street has been anxiously awaiting was taken by the Board of Directors of the Manhattan Elevated Railroad Company to-day, when they increased the quarterly div- idend from 1 to 11-2 per cent. This will increase the annual dividends from 4 to 6 per cent, only 1 per cent. less than the maximum divi- dend the stockholders can recelve under the terms of the lease of the road to the Interborough Company. After adnouncing the Increase in the dividends, the Board of Directors sent out # notice to the stockholders of the road that here would be a special meet- ing on Jan. 16 for the purpose of voting on the lease of the Company's property to the Interborough Company. At this meeting the stockholdere will also be called upon to vote on the in- crease of the capital stock from $48,000,- 0 to $60,000,000. Of thf» Increase $7,200,- 000 will be issued as soon as the stock- holders authorize it, while the re- mainder will not be tssued ut Jan. 1, 1906, when that clause of the lease to the Interborough anteeing 7 per cent. dividends to t L” road stock- holders goes into effect. pine, 37200000 Ie now nesded, for the ose of completing the electrical cau pment of the road and also for meeting other expenses, such as dam- ages, Incurred by the change in motive power, GOLD LIKELY 10 G0 10 nc Wheat Exports from that Coun- try to London May Force Shipment To-Morrow. Wall street banks may ship gold to Argentine either to-morrow or Thurs- day on account of exports of wheat from that country to London. It 4s said that probably $1,000,000 will be thus shipped out. San Francisco is also demanding more gold to finance its heavy shipments of grain to Australla and the Orlent, but the movement of money westward does not greatly disturb the financial district, Possibilities of a loss of gold to Europe have caused much uneasiness recently, but the firmness of time money will doubtless stave off exports until after the hollday disbursements. There is a noticeable increase in ex- ports of cotton and other domestic pro- ducts, and Wall street bankers maintain this will do much to cut down the bal- ance New York owes to Hurope. Since last. Friday the Sub-T has gained $2,915,000 from the ban! ained 000 yesterday and ‘Time money, ‘the most important, fac~ tor in the gold export question, still re- mains at 6 per cent, for sixty and ninety days, and is likely to go higher, CURB SHORTS SQUEEZED. Northern Securitien Advances in Flurry in Outside Market, The only feature of the outside mer- ket to-day was the big advance in Northern Becurities stock, which ad- vanced three points on active trading. ‘The flurry was dug to shorts, who were squeezed, Quotations for the active stocks were: Bid, Asked, over Greene M. & Nor. See... a The Cotton Market. ‘The local cotton market opened steady to-day with prices two to three points higher, ‘The gains made at the opening werg under expectations, consider- ing the conditions. Cables were better than expected, weather conditlo: were not yet favorable and recelpts were small. These conditions, with the crowd short after yesterday's gelling move- ment, warranted a very strong opening, but the market did not fully respond, A factor in the early market was the strong opposition from the bear traders, based presumably on indications for an expanding Southern movement, «After the call prices went up quite sharply on forced covering of smaller room shorts, the advance reaching four to five points, ‘Trading was fairly active. December, 0 8, Feprus Apri Ge 0 8. S22: July, 828 SU: August, 804 to 05; September, 7.90 91-75, |‘Srie” closing 8.85; January, 8.30; July, 8.31. ree, wore: ‘Mash, Pecomber 23; Max, The Wheat Market. ‘The grain markets had a steady open- ing to-day, and a small trade. Ghorts were buyers of corn. on ground that only three cars contract out of 30 arrivals at Chicago. was @ pretty poor showing, Wheat was helped by better cables than expected and the firmness of corn. Notthwest cars weakened Duluth and Minneapolis slightly, but the general fone of these markets throughout tho rst half hour was in keeping with the steadinews elgowhere, Xork’s. opening. prices wer ; December, 72 1-8 to S 1-8;' January, t December, 62°7-8 10.64. tr trey, coupled Rio Cp renety in a day foi THE WORLD: ‘TUESDAY EVENING, DECEMBER 2, 1902. ilgh. Low. tiga. Clos, oT Preaset Steel pf. Ley br 20. dry HK Tatand 42% SC ‘ary pe a WON Inland oN & Chal, Co. 20 20 Ry Stee! basi oe . Steel Foun. pl. ie 7 ie fa ide @ Length. os Co, ~ 10% 10% aw Reading a pt, 7% Hee Con ics Bie E Locomotives... 285 284 Be Bion Gh: Covomative bt, its Sis | 26.400 South, Pacite Malt nes 3% | 12.009 gourn: Rey $e tes ah pico dae ay at 1,200 Amer. Smelt. & Ret. 40% 40 200 Bt, 00 Ate ‘iowh, & Net vt 2” | aa 23,500 American Sugar Be FT St. OOD Amt Sugar Ot... lige 1S" aw] lw se Anaconda Mining 8 Lon’ 900 St % 280 LBW 400 sw. 90) Tenn, Coal & Iron 3,000 Peels 10) Tol, St. Ly ‘BOO Te L, 100 27,000 1.200 100 a0 1,700 iv 8.500 oy 1,600 1,000 100 200 400 W 1,100 Wiscen, 200 Wis. Genwral pt... ‘The total sales of stocks were 703,40) shares. & Rio Gr. 1.00) Den & Blo, Gr. 100 Detroit South... Consolidated Excha’ High. Low s2Ssearess se" a See Kan. Misiourt Pacing Norfolk @ West 4 {Ne ¥. Central Sita & Western. 17,500 Metro, St. “Tat 200 Mexican Central @ st L. ios + 106 + 105 » 5000. m1 Rio Gde Wa ist 1000. . M000 AR | 9000. ceca 5000 1000. 10000 36000... 101% Jet 6 : J 19000, Cae OH a, 208 Wap Dot @ 0 be a 6000 “M04 cree “Ohio ‘oe ‘truet de West. iiore de teat Imered Dota és sh 3 CURES A COLD IN ONEDAY CURES GRIP IN TWO DAYS 1M Yr Minn div 6x O.. 115% CORTE P Ry 4s, 2000. 113 Nat RR at ‘Mox In con ad BR PF SRRARRAKERALRi PERF ELL ISI EES 5 Col Mid’ Ist « 10000, Col Soutinrn “at 10000, MUST APPEAR ON BVERY BOX OF THE GENUINE | Increase of 1,120,000 Bushela in ’ Total Av le Supply. Bpectal cable ae telegraphic advices to Bradstree: how the following Changes in available grain supplies as compared with last accounts: Banking and Finan : HAIGHT & FREESE CO. “Adoat tot aud in’ Burape. (Dee. ¥ To supply, Corn—United jock! Date United Batis ‘and Canada, \ cant of Re 53 DROADWaAY, N. ¥. STOCKS, BONDS, GRAIN, COTTON. Mr, Morgan’s Operations. READING AGAIN ‘NO TRADING CHANGE SHOWS DEFICIT. ON CONSOLIDATED Preatdent Baer's report of the Reading | Railroad for the four months ended Oct 3 shows to what extent the th ss were while net of $ d 10 July, the net the defleit increas In the months of tomber and October August, earnin ) which Is a decrease The deficit aggregated $1,910,519, compared with last year, when was a surplus of $1 show xe in the deficit On the poor showing 1 sold off slightly in the in. rallied. WAR ON ch, there coal strike | President xchange, ange 1 iverios Wagar, announces the The of the that system Cone there wil fu idated bn end Ex change members will trade In stocks on a ten-share basis and make daily deliveries ag he Six Weeks ago the Board of Managers adopted a ution to make weekly deliveries und to make fifty shares chy unit of tion whi the indetinite |dellvery: phen. ment of th Anum uni Afty-shure of meet uult held by mem In majority em, and ed to the CONSUMPTION DR. KOCH’S LATEST DISCOVERY, ‘Thousands of physicians admit the truth and fly endorse the new discovery of Professor Hook. “He hax tor-years, auuaied night and. day perfecting his wonderful treatment for the cure of Consumption and Asthma. ‘Tho Koch inhalation ix the most Wonderful cure for lung dixeaser, ‘The doctors wino treat these their institutions have for a lifetime a deep and searching study of all lung die- eases, including Consumption. Catarrh. Asthma and Bronchitls, and thousands of Datlente who have hoon elven in re inour. diseases Dentistry. PERFRCT FIT GUARANTEED. =| combining this germ able are to-day living monuments of their |. 11 method of Injecting the tubercu Hine modicine ts little used now, but. by estroying Tubercullne thrown Into aled. These with healing olls, | oly vapors, th | vapors can be bi alr tuby ved Jungs, 2 they are. eastly ho New York oMco ts at 48 West he World's Congress of Physicians, which met in London a year ago lant July, endorsed Professor Koch's now treatment. and to-day ids alone ax the only curs which ar jungs are Consumption steals upon ite victine ike the thief tn the night, and before he tx aware of his true condition bis catarrhal cuaeal ie oh 1 pr ‘d the alr tubes of in to break away grou an unwilling Jats ConsequoNces, craily being as pa ordinary. catarrh iu! the hone or throat, t only consumption tain forerunner of and deafness, Ali edicines taken {ato the stom: ot cure these disensas Don't take any iciue into. the tomnnen. Lang anedicine in always hard ga stomach. The doctors invite sharp erlt- Patients ¢ ng Cure, consultatl m, Korh’ 1 York, re tment at th, 2d St... New examination and ORK TEETH EXTRACTED WITHOUT PAIN, ALSO ONE Hen FREE, TO DEMONSTRATE OUR PAINLESS METHOD: And to Introduce our Thurlo Plate, lightest and most durage Sits made. All our work is done painlessly by a simple application to the gums. We are ey originators of patented. operators are ainiess dentistry, Prices are within the reach of all. $1.00; xinalpecn fillings, 50c.; Cleaning, 50c.; Go! led graduates, their diplomas bein, Our processes are Gold fillings from chair, and are personally interested in this association We give a written contract to do your work satisfactorily and to keep It in repair, ree of charge, for ten years. Being incorporated under the laws of the State of New York, this is of indisputable value. OUR 14 212BROADWAY, Cor. FultonSt. | 419 BROADWAY, Cor.Canal St. | 744 BROADWAY, Cor, Astor Pl. 1298 BROADWAY, Near 34thSt. 2W. 14thSt.,Cor. Sth Ave. rievator. 348 6TH AVE., ana’ 334 let and 224 All oMces ogen 9 to 7, Not open Sen BEWARE of Those Who Imitate Our Name, Signs aud Advertisements. NO PLaTes REQUIRED Don’t neglect your teeth. At the first sign of decay have them at- tended to, Bad teeth mean foul breath, foul breath means a dis- ordered stomach, a stomach out of order means poor health. Our new botanical discovery kills the pain—we apply it to the gums, and you rest in perfect ease while the work is being done, All Work Guaranteed 10 Yeu! Full Sets of Teeth... Gold Crowns, a2 kar. Gold Fillings. Silver Fillings. + $5.00 $5.00 $1.00 up tee 50C, UD Waterbury Dental Parlors, BROOKLYN: NEW YORK: 414-416 Fulton St. 54 W. 23dSt. (Opp, Edea Musee.) (24 door west Abraham & Straus'a) Hours, 8 to 6, Sundays, 9 to 4. German, French and Swedish spoken, For Sale. OFFICES: 10! West 42d St., », 988 3d Ave, 2%;, S88. | HARLEM, - he | BROOKLYN, BOSTON, Yasmin PHILADELPHIA," sro {Lady attendants, Telephone com an ave t Koch's 499 Fuiton'st., cS 2 “ WITH QUADRUPLE laa alan tices on high Lady attendants, King Dil aa reel Hours,8a.m.to6p.m, Sundays, toto none ererene a - UNTIL DEc. 15 ONLY. Sets of Teeth (asetin), $3 22-K Gold Crowns, $3 Bridge Work, per tooth, $2 Gold Filling $1 and No Higher. ALL NTWRD. aod you witt PARLORS, WORK GUA DR. TARR'S DENTAL las Sale, YOUR CREDIT IS GOOD. Open an Account and Pay ONE DOLLAR A WEEK, FURNITURE AND CARPETS. LADIES’ SUITS AND CLOAKS AND MEN'S CLOTHING. LEWIN’S |: 45 WEST 14TH ST, FURNITURE ONLY. LONDON, Dee. 2.—T) ly Mati ‘We will be pleased to send you upon request com fotten of ag cn tas ear 00-page cloth-bound illustrated “GUIDE TO operations of J, ‘Mor | INVESTORS," alo STOCK AND COTTON MAR- KST VATTERS. Lesved gratin, coalidt tree 267 WEST 125TH ST, FURNITURE AND CLOTHING, OPEN EVENINGS. Consolidated | Ming | Indeed. catarrh {s well known to be a cer- | For Sale. CharlesA.Keene 180 Broadway Watches Repaired, Established Standard | Time by Private Wire. \ | Sk Goud “Ladys Site Gold: 1" Gtateline Jewellea’ Gai THIS WEEK our optic! your eyes FRED and ai $3.00 GOLD GLASSES FOR §} 6 WED wasn eect KEENE "429i Holiday Gifts! * TDIAMOROS, arenes deutiay can be obtained at any of our three retail stores, which we have added to our old established Jewelry business. Cash Credit One price. employer's _refer- ences Hequtred: Immediate delivery. Call, Write or Telephone. L. W. SWEET & CO., 87-39 MAIDEN LANE, Uptown Branch, 258 6th Ave. Brooklyn Branch, 467 Fulton St. T'D—(OPEN EVENINGS)—1885. No wited and terms to ault yi gloves, hats, millinery, he Jewelry acd merchant pen evenings, bet. Bway and 6th CREDIT. Watches and Diamonds Lowest Prices. Reliable Goods TRANSA Gait Write oF American wyateb and 19 MAIDE: 19 B 14th at, ELEVATOR. or monsnly watches, Jewelty, easy 4s; repressntativa calls 14 Maiden lane. DIAMONDS paym eae | | | s clothing made to Broadway, room 7. Real Estate. ot at Harrison, ear publi SACRIFI school, E, 148 must sell; ad stat hand rallr Lawyers. GEO. ROBINSON (Lawyer), Nasu st. (Day). 170 B'way, $7 at (Evenings) _Nelp Wanted—Maie ROY, store.” B. “alxteen to, seventeen ¥., 416 World feeder. Apply preas & HUDSON RIVER RL | THE FOUR-TRAGK TRUNK UI . Ap ieee rac. le ey ane Station dud iret to receive pakeen| Maing Grant Coatral sintene All, gouthy, 2 ti cie? Cates) tl MIDNIGHT fa te eas rect x) r—) TPow Ne -NO Owes PO OFW i> ro www we Ssss s6aG &S ooo © Or n= oa BosToN ser Oey eters canirat WEST SH SHO ce RAILROAD. Orem Tork Central & H. River RR. Co, soles, arta raf tee Sah ha jo Pennsylvani RAILROAD, * STATIONS (uot, of WHT TONEY 4nd DBSBROS8ES and CO} Of.—FAST le ee and ¢ land. 9.08 A. M PENNSYLVANIA J Compartment Sleep: Tolede ‘Ctnetsuati, Indianapelioc 12'S rue peNNsYLYANIA #0-hour. rain to Chlcago, room, Exriinss—Por Plumer, © cinnath, tint ima cee Gining’ can, $35 Pie (inlag, coe Sit | atuavtic ‘CITY—8.66 Sundays, Feetinaie ‘Trains, Buttot Coaches da week, ie. For points on from W it 3. 80, We ‘a ey P.M. Sundays, 9.45 A. fi te ry Lied 30. 10. (Desprossen and 20) (Dining: 10.55, (Dini {55 (Dintog Cath 288 4 Cortlandt sta, 2 420 Di {nd couches), 8.25. 8. (Limited). 9:35, 19.65 (0 55 (Dining Car), 185 ry,