The evening world. Newspaper, December 6, 1902, Page 7

BROKERS HAVE “TIME FOR PLAY na Sah Stook Markét so Dull Many 2 Take a Hollday and Those "Change Have Little to Do. drey ANANHATTAN AGAIN WEAK. . money. ~ The attendance on the floor of the} ®tock Wxchange to-day was a sut- nt explanation of the pronounced ck of inactivity, Anticipating a un and weak market, because of| the known unfavorable figures of the Dank statement, many bankers took ‘8 holida: ~ The absence of any large public in- terest in the market enabled them to, do this without prejudice to the busi- Mess. Brokers’ rooms were bare of traders and the dullness was notice- able everywhere. After a dull but generally easy opening with stocks at lower figures than last night's closing, a general disposition was shown to wait for the official bank statement before taking a definite stand. | & A reassuring feature of the mar- 4 ‘bt was the absence of anything that Oked like enforced liquidation or Gelling pressure in a majority of the issues, Stocks were weak, but not from pressure caused by reduction of loans. | Ss London markets were generally better, and the International Hat showed smaller fluctuations, but the ing was inconsequential. ent abroad has been so gen- @rally bearish uf late that most Lon- don purchases in this market are @ither for the purpose of quick profit | taking or on orders cabled from Where in advance of the New York Opening. All the Traction shares were weak to-day “or the greater part of the gession. Metropolitan sold below Y40_and Brooklyn Rapid Transit was i. weal at 64 1-4. i) - Manhattan “L” stock sold off on )) the well-defined gossip reports that W@9 city might interfere in the deal Wwhereby the Interborough Rapid Wransit Company proposes to take }aver the “L" for 999 years. f= It ts said that certain city officials gay try o overturn the plan because \they claim the privilege conferred ‘wpon the Subvay Company did not oplate ite merger with the “L.” Shares, } aN thos The reaction movement in Louis- ‘Wille and Nashville was accredited to m,4,'> movement of powerful interests CONNOR HAS ‘A NEW PLAN FOR _, SOLVING THE MO. MONEY PROBLEM. Fowler Bill Likely to Fatl in Glare and ate Wall Street Uncertain, He Suggests Latitude for Banks. ‘Washington 1. Connor, an intimate personal friond and business associate of George Gould end Head of-the | firm of W. E. Connor & Co., Wall street broker: the most {mportant question confronting Wall street and the stock market is of the supply of available ‘The general belief that: the pending Fowler pill will die in Congress, and that unless a popular substitute is WASHINGTON EB, CONNOR, our supply of available money is not sufficient. “To remedy this growing menace we should combine | upon a financial plan simpler than the Fowler bill, and | one which would meet the exigencies of the situations “The financial measure to insure this should be draft- ed in this way: i “First—The Secretary of the Treasury should be di- as security for ment bonds or United States believes of euch bank, offered that body may leave Wail street still subject to financial panics, from which it has suffered so severely the last three} months, brings the, matter prominent- ly to the front. “The expansion of} business ttrough- out the United States,” sald Mr, Connor, “has be- come so great that per cent. per banks may {set ment bonds or the Secretary of currency at the! “Third—The of their reserve may hold, cites. a standard the @ standstill, rected to deposit in national banks and at all times to keep in national banks all his surplus funds, recelving tho same either United States Govern- such State and municipal bonds of the may be approved by the Secretary and the Comptroller, the amount deposited in any one bank not to exceed the capital and 60 per cent. of the surplus Upon all such deposits the Secretary oi the Treasury shall recelve interest at the rate of 1% annum,“ No reserve need be retained agalpst such deposits. “Second—To provide an emergency currency natfonal ne against either United States Govern- State and municipal bonds approved by f the Treasury such additional curren as the Secretary and Comptroller may jointly sanction, providing that the nat. Jonal banks shaly pay to the United | States Treasury upon such Issue of currency a tax at the rate of 5 per cent, per annum for the period that it is in circulation. Banks may retire and reisaue sitch ir option, not in excess of their capital. national banks may count as a portion any national bank currency which they “Money 1s loaned at 8 per cent. In San Francisco and | Kanses City and at 6 per cent. in all the other Western “1¢ something is not done in the way of establishing prosperity of the country may come to “State and municipal bonds ought to be accepted on just as good a footing as national bonds.” LITTLE STORIES ABOUT THE BIG Henry H. Rogers.Is the Financial Guardian of Tom Reed and Mark Twain—Vanderbilt in the Street on Another Special Mission—Keene Engineeri Green's Son Visits Wall Street. Henry H, Rogers, head of the big Cop- per Trust, and many times a millionaire, nd an implacable foe {ireless fahter @ man of warm friendships. friendehip he entertains for Mark Tw: and Thomas B, Revd partakes of the ppirit of guardianship, Mr. Rogers is sald to have made the tWo brilliant men—Wwho are tyros In financial matters --promige when they vegan to dabble in Ananclal matters not to, make any In vestments without consulting him. @ result, it ts sald: that they have dot prentel handsomely. Kets took he as hie guess fora loos yacht crwso in Wort Indian waters last year. Jefferson M, Levy, the owner of the 1d home of Thomas Jefferson, and dis- penser of Democratic hospitality there, as made a fortune estimated {8 the milliona since he left Congress. }Lovs Is a not: figure in the dnvent- ment circle of Wall street financiers, aid ts credited with having successfully managed a number of notable deals within three years. There fs one rallroad president who does not worry over the movements of Wall street speculators, ‘His rond da {m- from Insidious attacl y John ates or any of is. Prosklent A. B, Stickney of tho Chicago Great Western is the lucky offl- élal. Ho holds a majority of the stock gt the road in hin sige, qubject, to his orders. It is his to dispose of as he muy irect It is Unlikely that thero ts at- other railroad president with authority 89 Br Four months ago there were a few Wall etrect operators who would, admit that they occasionally played ping-pone. In scemo brokers’ offices an ocrasionn ping-pong tae could be seen. They who is known {n Wall etreet chiefly as a | ‘ty aspooiates In bi | MEN IN TOWN. ing a Rock Island Boom—Hetty; have ail disappeared. Brokers Swan Miller, once warm supporters of the game, have had thelr table removed, ho game was not strenupus enough for 1 street, Phe occastione! visits which William K, Vanderbilt pays to Wall street alwa: preceta some important deal. of tha Vanderbtlts has a xepresentative of fhe tamily in the etreet eaay, | the thing, but the brokers are fow. ie v macy In the lines it controls has not n cartously threatened since iio gave arris-Biwood comb! defeat tn North- ern. It cost him a trip to iurope ‘and five months’ patient waiting. Then they were compelled to settle at his terme. Stock they pald $2.70 a share for he took from them at $2.08, Janes R. Keone, on and flwaya tho most darin Wall street, is sald tot the apeculative movement ock falant whaces. “Elie ‘selection for this imnertant plece of speculation serves to emphasize the complete elimination of |Jonn W. Gates from the Rook Island group ar a time the Chicago, ‘operator Page a rival o; nd some in Watreet took It seriously. Pew enter- tetn it now, Mrs. Hetty Groen's stalwart son, Gddie'’ H. H. Green, widely known jn Texas ag president of the us Mid- inna Ratiroat, waa in Wall atreet this week. Since he became a resident, of Texns and essayed to lead the Republl- ean contingent of the hone Star State Mr. Greon has been to busy to pay mahy visits to Wall street. en te ange Hew pe travels Inf prive thacenial of tha finest in the counteys |Mrs, Green won't ride in private cate herself, but sho is suli te proud of her ecn's palace on whve 100 Alles-Chal =, Seere Sevskesss ee é cess} teuple rot FF B3=! PE nst the Gates-Harris group of EI uulators. 9 9 = John W, Gates is sald to be stilt|’ Wa: % has sweet 1 a Yous of the stock, and for some time Be us. Dera stg & hg im determined effort has been made to boom the stock. Until the drive @gainst the Westerners it was not erally known that they had any er interest in L. and N. = All the Mexican railroads were ma- lly benefited in to-day'’s market 900 Ontario & Westerp.. Ontario SMlver Mining Pennsylvania +19 Pes Gi THE CLOSING QUOTATIONS. Low. 68% cay 31% Rubber Goods pf. HORCAN WANTS COLORADO FUEL Harriman Gets His Aid in Fight with Gould, the Deal Being Company. mb thao “| OFF 10 THE BATTLEGROUND. H as sot ¥ | George J. Gould, accompanied by FE. ‘he total salon of storks were 168,000, ‘T, Jeftray, President of the Denver and Rio Grande Railroad; Winslow 9, the announcement that the Mexi- n Governmert had taken an im- ortant step toward adopting the jgold standard, “The change is to come gradually, ind as most of the Mexican roads are now owned in Wall street the benefi- i eer of the movement Is already 1 felt. Whe Waldorf-Astoria group was Ing stocks to-day. Their special- were the industrial issues and a of the railroads. yey sold Canadian Pacific heavily, he theory that the 15 per cent. ince in wages would be taken out’ be earnings. SHIPPING NEWS. MANA POR 70-D4 YSun vets. 439/sOoe vets, 10.41 PORT OF NEW rorK. na Georgetown u Norfolc & Went 4s “toot B00. OL 100% Oty ek perverts 26000 20000 Penn 30000. 1008: zi Ee sreMg 2, ‘Liverpool Galveston BICYCLE STOCK SLUMPS. News ‘of the Aussi Price to Lowent -} Detatis for the plan of reorganizing the American Bleyele Company have “leaked” to the, floor of Stock Exchan e New, York » with tho result that the common stock has dropped to fifty cents a’ sha apd the preferred to $60 a share. Thege are the lowest prices rd. The slump Was caused. by that there will b¢ an ewes. i $a share on both preferred | ne, ,Jand common stock. seivinlonon a Judge K; for Wt Tie paney re. brew mt eality pw the charge of per: a In’ don with the. Suburbat bit Bo phar to two years’ Fefnea tg A iio" 1% |Cantral Ratiroad of New Jersey waa | wheat—Dy Checks Re~ by Court, LOUIB, Dec. 6.—Co!. Edward But- ler, who, although counting his wealth in seven figures, was unable to cash his or check | because Judge Ryan had de- Pevlp ph ad his was yan yee him as honds~ milta| oll ound ‘cone Low. land, and ,Mr. Gould’s counsel, are Soe i. | hurrying to Denver in the latter's pri- aie vate car, ee President John C, Osgood, of the Colo- i rado Fuel and Iron Company, and 8. B. 27% Harmon, attorney for the corporation, Pt} accompanied by Judge Seymour D. oN ‘& |'Thompaon, the Special Master m Chan- ae cery, will arrive in Denver to-night. 86% Edwin Hawley and attorneys repre- gees senting Edward H. Harriman are also 184 on thelr way to Colorado, so that by Pheaetts3 Monday all the conflicting factions will 47! . ies 147% | be on the ground, ready for the final is 133% 389, api [contest at Wednesday's meeting of the pita ronal rs rs ‘ ‘ The warning circular sent out by the set ae enaen eat bs (eo aeene pool notifying brokers that onnay Ivana, 156% 35614,| al) stock purchased by the Gould inter- 12 ie he “es ests singe the transfer books closed WA 19% 19% 19%] would be voted by them, notwithstand- He Te TS Pe}ine any proxy the former owner may GL Gd Ge Belnave given, shows how thoroughly ag- HS BE Bh |sreasive the Gould fight is to be. 414 41% 414] The fact that Mr. Gould himself te Si 36% WH lgolng to make the long trip to per- MY go ggg [fonally manage his campaign demon- 83% Se at strates how important h® thinks it ts 42% 42% 4216) As aoon as he reaches Denver he will ask for an injunction to restrain the forme: holders of the 19,00 block of Fukl etock in dispute fro and will after the tock Ht Titeif aster: dence that he: owns ti as net ghthoritatively to-day that alg gt pe to ly ie acre Liding ce Nake Haw- ir in ward gontent, y, on thel bav con- ir od ir they get trot 2. turn the plant over to . Mor- for the United States Steel Corpora- President Gould voth o bis and it Pract ly axnired that meh ‘they ‘will com- a Coto: Ps I nnd 1 Tron gencern of the Billion-Dollar ‘Trust. CUBA’S NEW RAILROAD. Expects Trains to Be Running for Pablic Use Next Week. HAVANA, Dec. 6.~The Ratiroad Com- lon hag granted the Cuba Company ‘ht to operate the newly-construct- a railroad between Santa Clara and ago. It is expected that trains yi be run- ning for public use next wi ser islet uhdune FREIGHT WRECK ON FIRE. Head-On Collision Stops Trat Jersey Cent All traMec on the main line of the Bteel iat blocked after 11.30 last night by a head- on collision between two fast frateht trains at Graceland, near Westfield, The Oa tes caught fire and the Westfeld fire rtment was summoned to fehe the flames — The Cotton Markket, English cables were very dieappoint- Ing and recelpts were larger than ex- pected, hough they were about even with those of the same day & year ago. ‘The weather map showed nerdy clear {n the South, with the temperature close to the freol hg point over the ao Local ean lmans, favored @ 6 he call Bue ai de- red Ang absence of public Support... Wag very small during the on: F1; ‘The opening. m o lanuary. 7 8.20 10 8.21; wel 8.13 sce May, 816 t0 8.16; | josing: that the Steel Trust Gets the}. Pearce, President of the Western Mary- | WHITNEY Brady Are to Absor Having absorbed about all the public utilities not already owned by the people in New York and Philadelphia, Anthony N. Brady, William C. Whitney and the syndicate of powerful capitalists asso- ciated with them have, it is reported, made arrangements to consolidate and manage the gas and electric Mghting industries of the city of Paris. ‘The corporation which will take over ani consolidate all the gas companies of the French cities will/have a cepital | mor BANK RESERVES SHOW DECREASES. The Clearing House Statement Shows Losses, but Wall Street Expected Poor Showing ‘To-day's bank statement made a bad showing. Not only was there a decrease in the legal reserve, but an increase In the loan account. Wall street, however, had anticipated the bad showing and the ara was weak all morning. The figures follow: GOLD FOR MEXICO? New York Syndicate Offers to Far- nish the Yellow Meta! MEXICO CITY, Dec, 6.—It @ powerful wed with sufficient gold to est fig tandard here, ‘T ‘$60,000,000, that dis} biish firmly @ sum. named ‘Some. local ba nkers think halt of that sales Tustness | a on. amount would be ‘hero Lay! sentiment inte favor of retatnin ne lve! Salles, although giving them a nominal val eee The Wheat Market, Everything in the grain list vas firm anda ante higher to-day. Wheat ey les, com on the email bts with Tight contrast arrivals, The specu- lative trade was Nght, but there seemed to be no pressure on either market, St. Louie opened 1-8 of @ cent up and Min- neapolis wae 1-4 of @ cent higher. At Chicago wheat opened very firm New York's ‘8 As | Prices were: May a 70 §; December, 90 1-8 Seay Corn, as bla, prices were; May July, 731. camber, 728-8 to Bis. to July, 43 1- New York's May, 7 Ber, au ‘May, 8 c jon FiteatsMte Janu ered bid. Coin May, 43 3. cember, 54 6-8 bi: yaniary, If. Tt's Catarrh, ‘Here isa Cure. Reliefins10;Minutes> ‘Toorfhanyfpsoplox dally? withy caterr®)_/M4 strikes} one}! a = with Seg ae Dr a1. ine. STREETS OF PARIS Syndicate Controlled by Him and Anthony N. in the French Capital. + TOLIGHT |. b All Gas Companies of about $50,000,000, half of which will be held by French capitalists, che rest | by the “American syn@oate. All plans for the acquirement pee tho gas compan- jes have been completed. it is sald, but the electric leit Seopoeition is in’ em- ‘The object of the plan ts to Introduce American methods in the manufacture and gale of Parix gis. It Is expected that ‘the reduced cost of manufacture, coupled with Improved methods of con- ductigg the business, will insure enor- William B. Isham has resigned an Vice-President of the Bank of the letropolla, and the directors immedl- ely. rSlected Go Ht Ftackett, of Hackett, & Co., tovall the vacancy. CURES A COLD IN ONE DAY CURES GRIP IN TWODAYS Carl MUST APPEAR ON BVERY BOX OF THE GENUINE | - Genuine Carter's Little Liver Pills Must Bear. Signature of MaPipet BEE FACSIMILE WRAPPER BELOW. ICREDIT ) Capt. AllenTHodge Captain Allen T. Hodge, of Wash- ington, says: ‘Father John's Medi- cine cured me of a bad attack of pneumonia and surprised Dr. Boye my physician, who said your me cine was ‘all right’ and ought to. be in every family.” Physicians pre- scribe it, and have for years. opium, morphine or other poison-| ous drugs. This o'd remedy derived its name from being prescribed by an eminent specialist for the late Rey. Fr. John O'Brien, of Lowell, Mass., over f0 years ago, by whom it w recommended. It is a food medicine and body builder—nourish- ing the system and driving ont the impuritie: It cures colds and all throat and lung troubles. 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FOLLOW THE LEADERS! “WALL STREET'S BATTLE OF GIANTS,” NG FORCES PRRDOMINENT IN AN (OW CONTROLLING Quorin L MONS FAMOUS UPRRRANCE PROVIDENCE 18 Ave On Tae enn. oF | ‘THDEH AVING HEA RTI, | Tay NS Cette, StH oRWTiCALLY QUTLINING TINA MO’T LIKELY PLAN WITH A ViRW HpR OPINION OF Tare conne! AS WILE RNABLD INVESTO! }CORSSPULLY FOL TevasTOR LOW THE Issued Free Upon Request. As Well as Our “DAILY “GUIDE MARKET and TO LETTER.” INVESTORS.” eMac & FREESE Co., 73 Broadway, New. York. Read dy ever 100,000 families every week! Out To-Day Catholic News 80 Columns Short Reading 3 Stori All the News of the City Churches Reviews of New Books League of the Sacred Heart Department Five-Minute Sermon by Paulist Fathers Children’s Page Fashion and Woman's Pages Price 5 cents ALL NEWSDBALERS ‘The Caibolio News, 5 Barclay St. N, Y, a Helo Wanted—Female. 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