The evening world. Newspaper, December 4, 1902, Page 11

Street Hesitate—The Public Cannot Be Induced to Specu- late and Market Is Listless. 4 LONDON ALSO HOLDS OFF. To-day’s operations in the Stock Exchange were smaller than any \ previous day for weeks, The entire ‘absence of public support led the pro- fessional speculation element to hold aloof and the sales were restricted to @ narrow volume. For some time a strenuous effort has been made to get the public in- terested in the market, but thus far it has been a pronounced failure. Even the present low level of prices does not attract. ‘Wall street is apprehensive of the monetary situation. It does not take kindly to Secretary Shaw's admission ma DEALINGS |COULD'S LAST A ATALOW MARK.) WITH HARRIMAN Money situation Makes Wall| Financial wine Fuh Fight the Final Round To-Day for Control of the Colorado Fuel and Iron 3 Cai EXERCISE’ MY Money THEN OFF TO DENVER. 0-0. This is the last day of actual hos tlities on the New York Stock Exchan, between George Gould and Edward H. Harriman, the rival ratiroad kings who ing for control of the $100,- 000,000 Colorado Fuel and Iron Com- Oo O29903-400-4-3-00 After the close of the Exchange to- day tho battleground will shift to Den- ver, where next Wednesday the widely advertised meeting of stockholders to elect a Board of Directors will be held. By Saturday the various contestants— President John C. Os- good, Edward H. Harriman and Edwin Hawley—will ail be on their way to Denver, there to fight the battle to a Goorgs Gould, rac Separate Trains for Them. that he is not able to put more Goy- ernment money in circulation with- out new legislation by Congress, and in consequence speculation was chilled to-day. The weekly reports of the Bank of England and the Bank of France Were not calculated to help Wall street, showing, as they did, big losses of gold in hand and decreases in the reserve funds, Call money here was as high as 7 ber cent. and as low as 5 per cent., with time money firm for short dates and premiums in sight for five and six months funds. The continued losses of the banks | to the Sub-Treasury have alone been sufficient to curtail stock market . Operations, and the forthcoming bank statement is certain to be one of the Poorest for weeks, As the result of large collections of customs and internal revenue the banks have lost to the Sub-Treasury over $4,000,000. In addition to the loss of $1,000,000 gold coin sent to Argen- tina the interior has called for $1,350,000, London kept clear of the local mar~ ket to-day, and arbitrage houses re- ported no business of consequence, ‘Transactions were purely manipu- lative and without special signifi- cance, X Professional traders were in full 4 @ontrol of the dealings and domin- i ‘ated all movements, They continued Wf bullish on B. R. T. and Metropolitan Btreet Railway shares, but the heavi- mess of Manhattan “L” stock, which broke to 148, cut short the effort to ‘advance the other tractions. In this connection it was reported on the Stock Exchange that a large ' Philadelphia holder of Metropolitan {4 Street Railway had to dispose of 20,- i} 000 shares this week to meet the re- quirements of the International Mer- eantile Marine Underwriting Com- pany. The widely circulated report that | the Vanderbilts would increase the dividend rate on New York Central / etock early in January failed to @rouse any special enthusiasm, In- stead of advancing materially the stock sagged and was sold heavily on all advances. A big selling order for Union Pa- efic at par sent the stock below that point and the story was circulated that the Gould forces were attacking the Harriman Interests in return for ‘his selling orders in Miesouri Pacific, Wabash and Western Union and other Gould interests. 4 ; i The marked depression in the ares of the United States Steel Cor- vation, which has continued for | several weeks without new develop- 4 ments to justify it. was partly ex- plained to-day. - It was said that the heavy selling i Qynich has characterized the market bf ‘in steel was due to the big losses the Pitteburg contingent of million- aire speculators have sustained, They have been obliged to sell stocl shares to protect their other holdings, ‘The Colorado Fuel and Iron contest ‘was brought prominently forward in the market in the late afternoon by the announcement via Denver that independent holders of the stock - ‘wanted a postponement of the meet- ing scheduled for Dec. 10, It was said that the stockholders were con- fused by the contradictory circulars and wanted more time before voting. ‘The scheme was regarded as a transparent effort to prolong the fight in the interest of stock manipu- lation. Representatives of George Gould and Edward Harriman insisted that their principals were not con- eerned in the move and that they were ready for the meeting next Wednesday.’ In the foreign exchange market i ie el pceey ay wes spcted i 4.8715 and 4. lemant i Sesto 4.8375 for sixty-day bills, Go irreconcilable are the differences between the principals in the sensational unlikely they will on the same train. President Osgood and George Gould are paid to be on the verge of a com- bination of their interests, and this may be effected before they reach Denver. If they join forces the defeat of the Harriman-Hawley-Gates combination Is certain, because no single faction wilt be able to cast a majority vote at the meeting and the breaph between Har- riman and Osgood and Harriman and serious for them t. ‘The meeting will be held . day in Denver under the direction a Judge Seymour D. Thompson, of 8t. 99909-00-0900-000-4 $6506 CUT IN COPPER AND BIG SALE DUE. 1H, L. Casey, the copper expert, who for three years has waged a fight single- the Copper Trust, Henry tam Rockefeller and the er millionaires, Mr. Casey said er will sell belo next year it wil “On ‘Dec 1 ineze Vis) 135,000 tons, or oun the largest amount dat Ae GOLD CAN GO OUT NOW AT A PROFIT. To-day the Bank of BNtish North/ which have reached Denver, originated America withdrew from the Sud-Treas- ury the #600000 in gold which it will) by the contradictory circulars sent out ship at once to South America. expected that $1,000,000 will be sent out next*week for Special transactions n Amgentna. Bankers say that these shpments merican countries are payments on Wall street owes to London. | sunt g Titts that ie aktpmanta san be | ‘The annual meeting of the stockholders made at a profit and the forelgn debt|of the Metropolitan Street Rallway Com- decreased at the same time. at 6 1-2 per cent. and time for ninety days strumental in noe u check to- renew |A. Robinson, “William Fahnestock, D. loans found that thelr collared was|C, Morehead and R. W. Meade. Last of the Proxies, ‘Under the decision rendered by Judge , of the United States Court of Appeals, the faction that comes forward with the majority of bona fide votes will elect the new Board of Directors of the Company. When the board is chosen, Thompson, as special master, will re- |" port the procedure to the Court, and if ‘the latter approves it, the directors will elect officers of the company, a It now remains for the various fac- tions to get their stock and proxies out to Denver in timo for the meeting. The pattie in Wall street has been fought out. The financial district has been thoroughly combed fn a search for proxies. There is nothing more to do panded agains we pre ictions. Before Jan, 35.0) i ania er a pound 4 e now are at ata bi ris ending “and that a block o Bin funds will change hands within the next mont! airing the year 3 1008 we are going to witn shi in the prices of nearly ‘all anished ‘materials: tain I stockholders of the which are represented by the Tite Metals Selling Company are pre- make an inquiry which will cot fgreat Interest to the copper world.” Each faction will have its attorneys Present in Denver, and recourse to the courts is certain, po matter who wins. Pe 3 Wake SPREET Gree Hor iivrs | BROKERS WANT — SO WALL STREET GIVES HIM HINTS. LOSPOLSLOSODELENELEE SES OIEIIOMIIOHDELEMESSESISITE MEMBER TO RULE. Opposition Shown to Retention, li5ee of McPherson Kennedy as’ Chairman of Stock Exchange. York Btock I the daily sessions of the Exchange. board member since 1880, and for many years Chairman of the dally sessions, has sold his seat for $90,000. Ut win be! and then he will cease to be a member. His friends are petitioning the com- mittee to retain him ag presiding oM- cer. The position pays $7,600 a year, but many members oppose the innovation of & non-member presiding, and the con- teat Is over that point. The matter will not come up for action | until the next meeting of the Governing Committee. ———- STOCKS FIRM ON THE CURB. Prices Showed a Tendency to Ad- vance on Outside Market. Securities on the curb were firm to- day and prices showed an advancing tendency Quotations for the active stocks were: Bid. Aakod Nor, Bee. 7% 107% Greene 25 Interburban Interurban ul TO PUT OFF C. F. |. MEETING. ndent Stockholders Want to Learn Real State of Affairs, DENVER, Col., Dec. 4—A movement 1s reported to be under way in the East for a postponement of the proposed an- nual meeting of the Colorado Fuel and Iron Company. The project, according to the reports in the minds of Independent owners of stock of the company, who are confused and want to learn the real condition an additional | of affairs before voting. TRACTION BOARD CHOSEN. Only One Change in Metropolitan Street Directorate, pany was held to-dag and the follow- Ing directors were elected: H. H. Vre: land, W. L. Elkins, P. A. B, Widene Thomas Dolan, D. 13, Hasbrouck, Henry ‘The only change in the Board ts the a strong \sinciination to tet {substitution of Willtam Fahnestock for out funds promiscuously. M. G. Stareet. THE CLOSING QUOTATIONS ‘shares. 200 Wisconain Central |... ‘The total sales of stocks were 379,100 ehi Seueee! BERBER BEBEEE = Consolidated Exchai Open, High. Low. cr oy 6% = 5 Be. sf ti SEs: FEE See eSSSESS = TEPPEERESTE FE as eee SE EREEE: 598 PEERS WORARARASS wee it EFF EE 2 SESRSESRARSS: FER FPSTES ET, sitessnen & 99 3 ee = 5 8 Fe FSEE PEREELE B sre Sa. SES ES SESS SSTSELESLESESS Egg eeseeescacges * = eF eer pects ee eussisnesen Se PE PPE, Ed rt Fe e 8. Esseeusstt, seceuzctze 322 +? as FFs sre 3 Py! Fs 3328688! 2 B25 seers sets! Fe SSS were 153,100 shares, The Wheat Market. ‘The wheat market to-day opened mod- erately active with some buying of wheat on the steady cables and emall Chicago receipts. Otherwise the without feature, Later prices advanced fractionally. Corn advanced unsettled weather in parts of the South- west, together with continued poor grad- Later in the day there was some which caused a slight reaction, market soon recovered and mained firm at nearly the best prices. opening prices were; a to 8 8-8; Deo "chicago ‘8 openlhy 1 ast Chic Bur & “Queer $3 Free S252: & D. Gisheral Bisel aaa Sis: ne sats Fee BEE Sh Bas: CERT ES FER Met. Securi 43,800 Manhattan See BEE: Ba iB 33 ETRE Bat tot 2 orn— January, 48 to * closing. Drices were: ee Rerty ad So's Bs Wheat SEy: = \GornDecembe May, 4 1-4 to pee eg ‘The Cotton Market. The local cotton market opened firm to-day, with prices 2 to 5 points higher. Tho whole list was buoyant and active, Cables were 1-2 to 1 point higher and the crowd was short after yesterday's vigorous selling movement, The feature of the early trading was the covering of shorts, which was induced by the very cold weather In Texas, This was sup- Dlemented by a good general son house demand and scarcity of local The movement to-day showed considerable Improvement, largely owln, ut forth in thé South towar' railroads hurry cotton to the exclusion ‘of ‘other trel lng prices were: # sdanvary, i Fe 3 seetse as Seenus: 3 ee ee pitas soy Fe, BOND TRANSACTIONS. Am Dock & Imp be AT & 8 F gen ts 25000, 101% 106% 9000. ‘The total sales of bonds were $1,320, Government Bonds, N Dec. was coached to-day Aspinwall Hodge against the United States Steel ration to eub- mit their case to the Court of Errors and Wppoala on Drief instead of maxing an oral at Counsel on the case Gre given ten days in which to submit the brief, copies of which are to be sent to several members of the Court. Children While at the front fighting for his | country Mr. James F. Boyle, of Low- ell, Mass., suffered unusual exposure | and hardship. He says: “I have used | Father John’s Medicine for over thirty years. It cured me of a chronic | bronchial trouble contracted in the | army during the Civil War, It is a} splendid medicine for the children, | :y and to-~lay my grandchildren are taking it. It keeps them well and strong.” As we have said before, this old remedy is not a patent medi- cine—it is free from temporary and weakening stimulants or nerve-dead. ening opiates. It bas built up and restored thousands to health and strength during its 50 years of suc- cess since an eminent specialist pre-|_ scribed it for the late Rey. Father John O'Brien, of St. Patrick's Parish, Lowell, Mass., from whom it derived its name and by whom it was recom- mended. The money is refunded for any sold cough or throat and lung Lanes mn, & HUDSON RIVER R, a ye FOUR- “TRACK TRUNK LINE. VIA NIAGARA FALLS, ark § DENTAL CO, (Ine,) PSRFOCT FIT GUARANTEED, TEETH EXTRACTED WITHOUT PAIN, ALSO ONE 1 TO DEMONSTRATE OUR PAINLESS Mé’ And to Introduce our Thurio Plate, lightest and most di Allour work is done painlessly by a simple applica The Governing Committee of the New We are the orlginators of paintes: Exchange hive a problem to patented, solve. It is requested by a petition €1.00; Amalgam fillings, 50c.; bearing the signature of many members OPe! to allow a non-member to preside over Chalr, and are ae FREE, jurable late made. tion to the gums. Our processes are Gold fillings from rowns, $3.00. 3 Cicage LE Be Our prices are within the reach of all. Cleaning, 50c.; Gold C, their diplomas being displa’ | personaily interested In this association. C4 St each | We give a written contract to do your work satis‘ MePhatson Kennedy, who has been a Sa it in repair, free of charge, the State of New York, this is of indisputable value. OUR 14 OFFICES: 212BROADWAY,Cor.FultonSt. 101 West 42d | St 419 BROADWAY, Cor.CanalSt. 988 3d Ave, =! 744 BROADWAY, Cor. Astor PL HARLEM, 1298 BROADWAY, Nea, 2W.J4thSt.,Cor. 342 6TH AVE., Al! offives oren 9 to 7, Not open EWARE of Those Who imitate ¢ Our Name, Signs and Advertisements. on ‘ors are skilled graduates, rast MAL 2¢ ours Ry oe Due Butalo 7.10. Niagara Falls 8.07 A. MADAY EXPRESS. 1 ‘actorily and to for ten years. Belng incorporated under oo —— -N=—S © ON WN WOWW FO OUWW & ESTERN LIMITED: Due Cinctunatt 10.30, indlanepelle 1. 34thSt. BROOKLYN,’ | BOSTON, PHILADELPHIA, os North $2 Telephone connections. Corner Hriitce wt $23 Wasniogton st -hour train to Chiler Electric Ights an ANY ‘ROY NY AN ETROIT, GRAND RAPIDE p GHICAGO. SPECIAL M.—*LAKE SHORE LIMITED, 2 hour train to Chicago. All Pullman CPwOwW vn- cocloe oe oo = 25, Indlanapolls 3.10, Lat > SWwWO Sov Ss roy 2 Extracted and flied paintessly for t ‘ie most th ment known to. dental e Inethods are dangerous und pavnyuls FULL ‘SET QUADRUPLE ATTACHMENT, aa Prevents mov What a sight some people’s Some are decayed, some ear others irregular. Whatever the difficulty, have them attended to here, where we apply our new botanical discovery to the gums, which relieves you of all pain. satisfaction of having good work done by the best painless method known at such reason- able prices ought to interest oo OND imi all Traine, ‘ilumisatea ich, Pintach igh, 113, 20 hotel or Fealdence by RK ” Senta NEW YORK, "BOSTON AND NBW ENGLAND, y BOSTON AND ALDANY. HAILROAD, (New York Central & Hudson River RR, é All Work Guaranteed 10 Years, Full Sets of Tecth,... Gold Crowns, aa karat, Gold Fillings. Silver Fillings. Waterbury Dental Parlors, NEW YORK: 414-416 Fulton St. 54 W. 23d St. A door west Abraham (Opp. Eden Musee) UNTIL DEC. 15 ONLY. 22-K Gold Crowns, Bridge Work, per tooth, $2 Gold Filling st and No Higher. ALL WORK GUARANTEED. Come and bring your friends and you will plear DR. TARR’S DENTAL PARLORS, 44 EAST 14TH ST. Open evenings tll 7. York, as follows, BROOKLYN: Sundays, 9 te 3 Hours, 3 6 6. Sundays, 9 to 4. ket ‘ork Central offices, German, French and Swedish spoken: A sete aitay aad et Grand Central Beatie EORGE H. DANIELS, WEST SHORE RAILROAD. tral & H. River RR; Co, YOUR CREDIT IS GOOD. nan Account and Pay ONE DOLLAR A WEEK, FURNITURE AND CARPETS. LADIES’ SUITS AND GLOAKS AND MEN'S CLOTHING. LEWIN’S 267 WEST 125TH ST, FURNITURE AND CLOTHING OPEN EVENINGS. Holiday Giftsl] DIAMONDS, Wareues dewey} can be obtained at any of our three retail stores, which we have added to our old established Jewelry business. Cash= tor Gh tor Hudson Re ‘—For Roch., Buft., M.—For Roe 45 WEST 14TH ST, FURNITURE ONLY. No Inquiries or deliveries made. our purmase, vey the first payment and | a "THE, FASHION CREDIT HOUSE, CREDIT. _ Watches and Diamonds Lowest Prices. Reliable Goods TRANSACTIONS CONFIDENTIAL, = | Write or Telephone. American \ a Watch and Diamond Co. 19 Mar ___TAKE BLEVATOR. | Pennsylvania’ RAILROAD. STATIONS foot of WAST TWENTY THIRD BROSBES and a STs, ‘Deabeor Compartinent Sleeping,” Odser M, INNSYLYANI “20. ur, train to Chicago, Pullman ‘Sher Bleeping, Dining and 55. P. OF eaicago AND st, E38 Credit No employer's refer- Immediate delivery, Call, Write or Telepbone. L. W. SWEET & CO., 87-39 MAIDEN LANE, Uptown Benoehy ae koe Ave. Brooklyn EST’! radar SV ENINGS 88, ences required. BX! * tictanstt, “intent Teilabie goode: repress mond Watch Co., WEEKLY PAYMBNTS—Fine diamonds, we guaranteod; lowest prices: business confd LY CO, AND CINCINNAL nee Pittwourg, Cleveland and Cine HINOTON AND THB SOUTH. AMONDS, watches, weekly R ay Cg ay NATIONAL Gentlemen’ clothing made to | order. 237 Broadway, room 7. | $1 WEEKLY ‘SGonarentoaah ‘Lim. Banking and Financial. ENNIS & STOPPANI, Gonsoiidated Stock Exchange.) Bat seed at eae Sane “AND. ‘SHOkERS. HM New at. & Ct aimee STOCK a ‘pOND WsTMENTS | Pr UFO APPLICATION, Harlem patrons we ae FREESE et sce Este KEENE care jtatatd aa Tp RROEWits N.Y. STOCKS, “BONDS, GRAIN, COTTON We will be pleased to send you upon request joth-bound {llustrated “GUIDE TO ."" also STOCK AND COTTON MAR- Iaguod gratia, mailed tree v7 Jahns DEROMAN, 37 Malded SOLID GOLD LADIES’ RINGS, id, Aeneyour watches, 10:10. (Deal 10.20), Dining cary, 10 55 (Dining aris M., 12.85. ( Dini Real Estate. aesaid ot at Marrivon, i pudiio schoo! SACRIFICE, iy fg ca Tha sane 995 WILL BUY « Bring Wealth 7; mai churen and railroad statloa. World —————————— persistent advers tisere Businesg| ™ men with mon ey to Invest arg ADVICE PREB—Pai Patent Attorneys, 215 Broadway.