The evening world. Newspaper, December 13, 1902, Page 7

« the squeeze had not come. THE WORLD: ATURDAY EVENING, DECEMBER 13, 1902. ALL THE LATEST NEWS OF THE BUSINESS WORLD. STOCKS CEN |BETTER {O00 SUPPORT. Gould and Rockefeller Brokers Conspicuous Among the Buy- ers of Specialties for the Big Combinations. , MONEY Absence of sensational liquidation and a general tendency to disregar MONEY CONDITIONS WILL COME WITH NEW YEAR. Foreign Exchange Expert Schumacher Says with Decrease in Imports Bank Drains Must Stop and Im- C, Schumacher, of C. Schumacher and Company, No. IS COMING BACK,|25 8road street, an acknowledged authority on foreign exchange, just now the factor of permanent importance in the financial district, predicts better conditions and q|a more favorable outlook in the early days of the New hysterical reports were the features| Year. of the irregular market to-day. “After the first of January,” he sald, Although the price advances were] situaflon should clear, because the imports will de- unimportant, because the figures of|crease and the drain on the banks from the Treasury the bank statement were regarded as} will slacken, ‘not highly satisfactory, the element of steadiness encouraged the timid. Support In many which for days have been without @ decided reversal of sentiment and @ change in market position by ™many operators. Money has begun to return from the interior in considerable volume. ‘The banks this week gained from the interlor $2,743,3u0. In the corre- sponding week of 1901 they lost to the interior $2,873,000, and for the week ending Dey. 15, 1900, they yent to the interior $496,300 more then they received. All these facts combined to clear the situation materially and relieved the ‘serious fears that the worst of To-day’s most encouraging = de- | velopments were the continued heavy purchases of thelr specialties by the combinations of big interests, until recently indifferent to the course of the market. Brokers acting for the Morgan- Keene interests took all the offerings of United States Steel shares, and showed an evident disposition to sup- port the stocks at the present) figures. ‘Representatives of the strong Rock Island group, the Moore Brothers, W. M. Leeds and ‘Daniel @ Reld, scatiored buying \orders through the excnange and rallied the stock issues sharply. A most tmportant feature of the Western railway stocks was the com- pletion of the liquidation of 50,000 hares of Reck Island common and referred, which had been bought arbitrage houses on the “curb” before the stock was issued. For several days this stock has been a pressure on the market to the detriment of ¢ number of new re- lated stocks, because the insiders would not make a market until the pfofessionals had been sold out. Standard O!l brokers, acting for John D. Rockefeller and the Natioval Bank party, were conspicuous , buyers of St. Paul, Missouri Pacific, | Union Pacific and Atchison. They made no attempt to bull the market, but supported the stocks they were interested in when the offerings be- came heavy. The Gould-Butler group was also In evidence to-day. Their brokers bought for them blocks of Missouri Pacific, Western Union, Wabash, common and preferred, and the St. Louls Southwestern issues. “The firmness in call money rates ‘was due to the preparations for pay- ment of the first instalment of $8,000,- 000 from members of the New York Central refunding bond ndicate and the $10,000,000 for Standard OM dividends, which are payable Mon- ‘In explanation “of the payments for the maturing New York Central bonds it was said that many of the holders had expressed a di e for cash instead of the low-rate interest bonds offered them. “The recent extensive Hquidation had tho effect of discounting the bank statement, and the activity of the market from tue outset indicated that fears of any unusual poor show- ing bad been gees jelimaliiatedy BANK STATEMENT SHOWS LOAN CUT. Clearing-House Figures Are Bet- ter than Wall Street Men Had ‘Looked For. : es nk statement to-day was bet- * pr tl ‘than expected. Although it showed a decrease in the reserves, there was a @ebrease in the loan account caused by ‘ewe Uquidation. The figures fol- Dec, $1,530,960 “The demand for money from the West and South should cense, and currency again begin to return to the} of the stocks] Kast. “Chances of gold exports are very slight until after the Protection from bear assaults caused New Year, with money on call firm at rates from 5 1-2] make it cost above 7 provement Is Sure. in Paris at or near “It Is apparent “the monetary | portions from now would hasten the able except from per cent. to as high as 8 per cent., and with sterling its present figures, that the majority of sterling loans have been renewed, and the payments of the same /extended until spring. Thus everything points to very | hich rates for foreign exchange in the new year, 1903. “The supply of commercial bills has diminished and while the great rush to ship cotton has passed, shipments of grain should assume much larger pro- the on. “Tho prompt shipment of the .balance of our crops payment of our forelgn indebtedness and reduce the prospective exportations of gold. “Time funds are still very firm and seem unobtain- our foreign bankers at rates which 7 per cenk for 90 days.” L° ROAD MAY RUN TO YONKERS. Conference-with the Vanderbilts Revives Old Proposition of. Possible Extension. August Belmont, President of the In- terborough Rapid Transit Company, which 1s soon to take over the Manhat- tan “1,” gives denial to the report that the International Company {s negotia- ting with the New York Central for the lease of the Yonkers branch of the New York Central to use ft as a branch line to Yonkers. It was eald to-day, however, that high officials of the Manhattan "'L,"" tn the interest of Mr. Belmont and his road, had opened negotiations with the Van- derbilts. If the plan 1s carried out the Inter- borough Rapid Transit Company wil extend the third-rafl electric system to the Putnam division, thus extending the “L" service to Yonkers. The acqusttion of the Putnam lI as an extension of the Manhattan “L" system has long been tatked of, | It hes always been opposed by influential interests in Manhattan, but the leas- ing of the latter by the Interborough may soon be followed by the extension. After @ contest with Russell Sage over this proposition, J. Pierpont Mor- gan legt the Manhattan directorate and turned the Putnam brangh line, form- erly the New York and Northern, over to the New w York Central, LONDON MARKET STRONGER. ‘Tho London market to-day was strons- er and a moro cheerful tone waa played tn all departments. The closing substantlally In advance of yester- 's final figures. South African min- ine securities w fractionally better, and Rio Tintos sold at 491-4. Trading was only mod active, and in most part professional, THE CLOSING LITTLE STORIES THE BIG MEN IN TOWN ——— ABOUT William Rockefeller, Who Was a Doctor Before He Became a Capitalist, Can Still Write a Prescription—J, P. Morgan Never Forgets His Morning Creeting to Fruit Vender— Banker Morosini and James Stillman Advocates of Pedes— trianism—Col, Heath Regrets “Good Tips” Given Him. If Willlam Rockefeller, many times a miliionatre and brother of John D. Rockefellor, the richest man in the world, should ever see the wolf loafing around his doorstep he could run him away with a prescription blank or a new kind of pill, Before ha was a mill- fonaire Mr. Rockefeller was a doctor. He practised his profession In Cleveland while his brother John was working out the stupendous scheme, the Standard Oil Trust, which has made them both fabulously wealthy. It 1s eald that Dr. Rockefeller sent his Ddills around promptly too. J. P. Morgan has an arent admirer and a warm friend in the Italian frult poeddier, confectionery dealer and cigar man who dispenses his wares from a Uttle niche at the side of the doorway to Mr. Morgan's Wall street office, The curlous ‘friendship between the mult!- millionaire financler and his huinble ltallan protege has lasted for yeurs. Every morning when Mr. Morgan steps out of his cab at his office door he waves a greeting to the Itallan, who fs never candy retu “Great man. Morgan,” is the terse summing up of his friend, the Italian street vender. oe The suit brought by a Wall street “tipster’ against the son-in-law of James R. Keene has brought from the latter the emphatic statement that the ol Gouthern Pacific pool is still In ex- jatence’ and will not be dissolved until busy selling chewing gum oF iy Keene has conducted many memorable campalgns, and it ts aid that he {a personally more deeply interested in this es any of his recent successful | contests. 8 Col, Joseph Heath, the Wall street specialist in Columbus and Hocking Coal and Iron, has been in the financial district many years. While the recent slump was at its worst he exclaimed rrowfully to @ friend: “If I had | been born’ deaf 1 would have been one of the rich men of the world to- would have missed hearing some good "Ups waloh have gone wrong. of the John D, Rooketelter, Henry a. Flagler and Henry H. Rogers, who for several years have had to forego the ozone from Texas prairies, may now have that pleasure, When the indictments brought the State of Texas against Mr. Hockefoller and nie associates In Stand- ard Oll for violation of the anti-trust laws of the State were recently dis- missed 1t meant the opening up of a domain for some Ume barred against them, While the indictments were pend- ing they kept out of the State nes and warrants could not be served on them because New York and Florida Gov- ernors refused to grant requisitions, hus Texas ends its miillonaire chase, se 6 Banker Glovanni Morostni, the aged financler, who was a personal friend of Garibald!, and James Stillman, President of the largest bank in the United States, are two foremost Wall street advocates of old-fashioned walking. Every go: day Mr, Morosini walks from “Forty- second street to his office in Nasrau near Wall streot. Mr, Stillman takes long walks and also believes in the dicycle as a means for keeping healthy Jana vigorous. next rl, Since he became an ac- Ehowied feed leader in Wall street, Mr. Shares, 3,000 Amal 200 A: 5 High. Low, Clow Copper . 66 Bote A JON Arn. 109 Am, 1 Am. 1 200 Am, 1100 Am Fo . Top. & 8. ite pt. Haltimore & Obto Urvoklyn Rapid 7; 30) Brunswick ‘anadian Pacite 00 Chesapeake & Oh ‘Meago Oreat Western ni, Gt. Weut., Sests: FEF EF FEEET SE 100 Con. Del. D Presta 8. @ Ath HSSRSRE Nat, Rit, of Sortok & Ww Rock Irland B40) Rock 70) Rubber 800 Kep, Steet Inland, ot ‘Good 14,40 Southern Paci . 4.000 Southern Raliway . thera Rallway. Shares. High. 1. 8. Real Parity s. Tigh. Low. Close, Lt a a » Bt. Rit, Mexloan’ Central Mo, Kan. & Texas Mo., Kan. & Minaourt Pi Nat, RR of Mextoo Norfolk & Wentera Y. Central Southern Ratlway ‘Tenn, Coal & Iron. ‘Texas Paclf MEXICO TO CURB TRUSTS. Publicity the Remedy Which In to He Attempted, | MEXICO CITY, Dec. 18,—A’ measure looking to. restricting the operation of trusta In Mexico, which ts sald to have the approval of President Diaz, been prepared. and its passage by the Federal Congress will be attempted. Greater publicity 1s the remedy, noua Nearly all prinoi in “Mexico are now reaarsied dines. The new bill does not ap- BOND TRA Adams Hxpreas 4a 600. 10090. NYGe wi H &P 4a North Pao 4a 1000 Bklyn Un Bly tat so + 108% Henan 108 Nor & West, Poca aC 4s + 100% lua 7000. ina 23000... 1U0W) 4000, sO, Pac RR of Mo 24 1000 se dd 1000. 118 Bigin J&B Im vs ug Erle lst « a in 4 TALK 100 GLUM FOR HILL, THEY THINK. Magnate’s Business Associates Believe He Was Misquoted in Financial Forecast. “athe Wall street assoctates of James J. Hill, Prestdent of the $400,000.00 North- ern Securities Company, and head of the Great Northern Pacifico Ratlroad. beileve that the extremely pessimistic utterances attributed to him in de- patches from Chicago are not strictly accurate. Mr. Hill was fn New York as late as Tuesday, and on thet day was in conference with a number of finan- clers, and also vielted the office of J. P. Morgan & Co, A Wall street man who saw Mr. Hill then sald: | “Since Prestdent Hill came back from j the West hovhas on several occasions raid that we cannot expect to keep on running our manufacturing plants on full time without getting a wider mar- ket from ¢he outatde. “To seoure this wide outalde market, rgos reciprocity treaties, in which I entirely agree with him, “Mr, Hill has frequently said of tate that he expected to see business in the manufacturing district east of the Mis- sissippl ease off little by little, but that he dors riot entertain the extreme views attributed to him I have reason to know. “In the first plnce he knows that the actual conditions are not such as de- piloted, and his views are not in ao- cord with the statement. “ANL the conditions tn Wall street are improving. ‘The prospect of our having ferlous trouble with Venezuela is not nd the recent flurries in the market have all worked out their Mr. Hill was quoted as saying: “I am disposed to be cheerful about | most things. But I can't see anything in the present financlal aituation to cause mo to do any rejoicing. “Things look serious, This country has reached the top of its prosperity. If the serious downward movement has not already begun, St 1s not far off. “There are more reasons than one for this, Chief among them {s the uncer. tain state of mind in which the New York men find themselves from day to | CURES GRIP IN TWO DAYS Ask for Help A Postal Will Bring You My Way to Get Well. =< You who need help, and are waiting— You who are sick, and are hesitatiog— You who have prejudice—you whe doubt— Let me convince you—write to-day for my hook, Then I will send you an order—good at any drug store—for six bottles Dr, Shoop'sRestorative. You may take it a month at my risk, If it succeeds, the cost Is $5.50; It: it fails I will pay the druggist myself, and your mere word shall decide it. Thousands every week are accepting this offer, and most of them get well. Don’t you realize that the losses would ruin me if I failed to cure those who write? The continuance of this offer 1s proof of my success. In the past 12 years I have furnished my Restorative on trial to over half a million of patients, and my records show that 39 out of each 40 have paid for the treatment gladly, because they were cured. I have willingly paid for the rest. My faith {n thin remedy is the result of a lifetime's ex- perience. I have learned how to strengthen the inside nerves—the only way that anybody knows. My Restorative brings back this nerve power, which alone operates every vital organ. It makes the weak organ rtrong by giving It power to do its duty. The result 1s like giving a weak engine more steam. There is no other way to cure these chronic diseases. The «. .. heet results from doctoring the organs themselves are but temporary. No weak organ can ever be permanontly strong unti! its nerve power is strong. My treatment will always succeed In any case that Is curable, and the cases which are not nre rare. TI ask you to tell me a sick one who will try to get well, if I take the whole risk on myself. . lon ER all 2 on the Heart. Simply state which book ts He ees wanted, and address Dr. Shoop, 4 for Women. & for Men (sealed). ‘0. 6 on Rhoumatism. Mild canes, not chronto, are often cured by one or two bottles. Shoop's Restorative is sold by all druggists. Box 740 Racine, Wis. Dr. CURES A COLD IN ONE DAY Dentistrv. Mele rent ah F, TRON, Ui ‘Traine arrive 1d depart from en ca Btation, 424 Street, New York, sline oft, cantictnd tan, ee i, ca ue Gran Pan ay, Station ot 18 a eae tat revetva. peaseners toa Tuten Lid leaving Grand Central Sta All, sowhbound. trains, sense, tha i tury’ and the ‘Empin state fe 95 /and 69, will stop at 126th Bt ten. male ty airiviog time: a ‘arand Cen 1210 ica cone Am RACURS 1A ail important. stat AM. ce EMPIRE, “star Host famous train in the wore. Daw Ho 6. Nagar Falls CMP Pie Buttalo 7,10. Niagare Sale EXPRESS. al eA ae she: 5 P.M. 2 ‘ALO LIMITED. Duo Buttal Kg Du Buffalo i P. » M. ee ge toch n= RESS BANS M. Pwo aor, WOwWW RO oocgio a Sp 2. g our train to Chicago. AML P Cleveland A ry ae Pe a ‘ESTERN eer BUFFALO. CIAL. . se Shalt mad ee Mi 9.08 A. M. 3.86 P.M. Pitusneld. at Sori Adami jum! Ticket oftces at 1d, 20, 416 ane way, 28 Union Bo. Wie ag 125 Extracted and filed palnteasly for the most aetiea Hanplereapectall Bone ort day, Uncertainty is the worst thing on earth for the moneyed Interests of a country. Ph ey, fear the United States will bo drawn into a war with England and Germany over the Venezuelan trouble, Many @ ahem actually expect a clash with Germany. ‘This ties things up, Excessive rates are demanded on money, and the men who are long on stocks are panicky. CURB STOCKS IRREGULAR. Northern Securities Again the F. ture of Ontside Market. The outside market was trregular to- day, Northern Securities advanced to 1096-8. About 5,000 shares were dealt in. It was the feature of the market. Quotatons for the actlve stocks were: Bi, Astea. 2% | NSACTIONS. 10000. ‘Wataah deb B 83000. 6000, 5. Ga 40008, 20000... 10000. 45000. 20000. 500). 10000. 2000. ont 30000. 6000 Wabasi 23000, 10000. 15% T2000. Wee iia’ tig’ a reed cat 4a 00000, 000 0 103 500) } The ttal'‘saie ot “bonda were 31,240,000 Government Bonds, Bid. Asked. Bld. Asked, 107% 108% de ooup. ..108% 110% 108% 109 4m reg. 19514 180% 107% 1OR% 4c. new. 135% 196) Wis 108% fe reg b...103% 3 ty ly coup. «103% 10% 6% 109% D.C. Badal — rr The Wheat Market. locai The wheat and corn markots on the advance of 1-8 nt in English cables, tut very quiet on account of wire tr yuble with the West und Southwest, York's opening | prices wore: Whene May, Hac to a13-8; July, December, 83 bid. Corn—-May, opening prices yere: Wheat 773-8 tof TA1-2 to 4i-8;" December, 161-4, to. tS. Corn— May, 441-8 to 44; July, 427-8; December, 671-4; January, 483-8. ew York's cloais Wiiiee aves bar, $31-4; May, OS 8. hy Sia: 797-8, Com—December, 691 ni shi oe Nata pri Wh | Chicago's BH ces were: Wheat 71 ‘suly 143-8; December, Corn—May, 441-8 to! 41-4: July, re schesemnirer, offered, 668-4; January, 1-2, —$——— The Cotton Market. ‘The local cotton market opened quiet today, with prices unchanged to 8 polnts lower. Liverpool oables came, as expected, 2 points lower, but port receipts were much smaller than tho same day a year ago and hanlly in keeping with the bear convictions, The opening prices were: Decomber, 890 to Bal; dan 3 1 Reb: ruary, BS i 14 to &. 16. The cloing prices were: Deo., 8.29 to | 8. J ae: Feb,, 8.20 to 8.21; | April, § to ais to 8th A Minister’s Duty. A ane iee Tribute to the Stere Worth .of Dr. Agnew'e ‘ee jal Powter. mena aaa Wty oe Wacience. Ail other are dangerous und painful- FULL SET QUADRUPLE ATTACHMENT, which positively prevents movin, Tropnthe tei eirantent Blake Fone int we while low pri i'n aelor a Mili 0 mente arte for profes feat pera it BOC ices on bigh+ fade bridge work: Lady attendant. King Dental Go.‘s"23! Hours,#a.m.to#p.m. Stndays,10to2, Cab 8 Sere iue reattenee hy NEW YORK” CENTR NEW YORK, BOSTON AND NEW B Soringteld Bostox XD" areas S New York ¢ ra ret a iat ati. st Supertatendent Puen. WEST aa RAILROAD. (Now York Central & H. River RR. Oey ls ‘Traine leave Frankli St. St. m! Ff foot. ON BVERY BOX or nue B GENUINE sevanenecenenenene: OPEN SUNDAYS, 9 TO 3. ‘Thie gives people employed an opportuntty to take advantage of our special pi Sets of Saath Cioubie, ), $3 22-K Gold Crowns, $3 Ripane Tadules, doctors find, ‘A q00d preseription for mankind. Banking and Financial. FOLLOW THELEADERS! “Wall Street’s Battleof Giants!” THE WINNING FORGES PREDOMINANT IN THE MARKET AND NOW CONTROLLING — Bridge Work, per tooth, $2 Gold Filling, $1 and No Higher. DR. TARR'S DENTAL PARLORS, 44 EAST 14TH ST. All work guarantees 2 Pyenings ¢1) 7. enone Pennsylvant RAILROz PRICES; WHAT THEY WILL, PROBABLY DO. QUOTING NAPOLEON'S FAMOUS UTTHRANCE, “PROVIDENOB 18 ALWAYS ON THE SIDE OP | %, say eat THOSE HAVING THR HEAVIEST ARTIL-| ners, Furs, LERY." A LETTER THEORETICALLY OUT. | Merobant Talloring, “Open LINING THEIR MOST LIKBLY PLANS WITH A VIEW TO FORMULATING AN OPINION OF THE CURRENT MARKET, SUCH AS WILL ENABLE THE SPECULATOR AND INVESTOM TO SUC- CRSSFULLY FOLLOW THE LEADERS, Issued Free Upon Request, 19 BAST 14TH 87., Biway and Sth Ave Bot FO As Well as Our CREDIT EVERYBODY Letter” Investors." My 2289 THIRD AV! EAR 125TH ST, S84 COLUMBUS AVE. NEAR IMTH $T. BUSI 8 CONFIDENTIAL, OF NEW GREDIT SYSTEM CLOTHING FOR LADIES, MZN AND BOYS etdrence oF security required. No fauuiries: or deliveries ou HAIGHT & FREESE Co., 53 BROADWAY, NEW YORK. STOCKS, BONDS, GRAIN, COTTON. ‘Determining the character and financial re~ q@ponsibility of your Hroker t am fmportant as Selection of Hight Stocks THE "FASHION CREDIT HOUSE. * UE Gpem Evenings: ~ WEEKLY PAYMENTS. Diamonta, Watobes delivered on first mfidential; take elevator, Shes $1 WEEKLY Sekt othe’ hacia: Mal Address ¥ 459: World. 2 - WEEKLY PAYMENTS Vine diamonds watches business confidential, THREE MAIDE, LANE. jeneiry, resentat! 214 Malden tan New Publications. Read by over 100,000 families every week Out To-Day Catholic News 80 Columns Reading All the News of the City Churches Reviews of New Books League of the Sacred Heart Department Five Minute pemen by Poaulist Fathers Children's Page Fashion and Woman's Pages Price 5 Cents | NEWSDEALERS News, 6 Harclay St., Now York. tehes, Short Stories THE WORLD'S AL aphe Cathotto Help Wanted—Female. (formerly at 36th St. and Broadway) WANT old oxtal tag; mratpnt, bona efi Sy check cach Airect from headg penser, Manager, @ is NOW LOCATED AT —1381 male Between 37th and 38th Swe 37th ladies for packing Street experienced pre yh Lost, Found and Rewards. day, near Bond et, iudlew gold wat your pire, Spar the Art payinent and paym Penta chil- UPTOWN OFFICE STATIONS foot ot WEST TWENTY.T 424 DESBROSSES AND fa The leaving time from D Cortlandt sts, 12 five minutes later ho nd, 9G Apatinant aieeping. Diat mimpartmant, Bie Goobarinant seagate roleew Cinctnnatt, Indianapolis, is 1.6 M—THE PRENNSTLVANA 20- eee train to Chlcara, fa Drawing-toom, Sleeping, ng Cate 4 SP. = SHCAGO AND 9. 0 Press “For Toiede,, Namie is Rati and Loulsville, Indianapolis, G Louls, Dining Car. PL M.—ST, ore, Cinolanat Taal tue NSongresalonal ery i Care), 3.25 (Dini! S88 (oistne Gury, 26 BS ae sdimutt Se P. night, Ti, ANtIC. on 25 P.M, dat Party Metropolitan, Lin Bx 2-20 lent dally, se gay Te8b aad 458 meek EN, ae r is habe ala ‘Vestibuled Tretna, Standard Conshes on Week aye. fog Oar, Parlor Cars, Dining ora Conchen on Sua oe ca For points oa 1 trom Re TEI 3 “325, broscs and 10, (Desbromses and, Ot toerutos .* 10.1 cat eaat {25S (Dini ee end Cortlandt ata, in tt Car), a reaN dbint a 5 55 Sto rT Car) A ss (Dinan n, ‘f, Sy tial Sate » 4.26 (Din a (Dining €aPh TR