The evening world. Newspaper, December 17, 1902, Page 11

ONERS ACAI yy Congress Adds to Confi- ence, and Market Dealings e Strong and Active. DRGAN SQUEEZES BEARS. Freed temporarily from tho {ncu- bs of the Venezuelan war scare, the ock Exchange to-day showed In- ing confidence and advanced in its dealings. The temper the speculation was decidedly more fident and it extended into all eculative departments. Renewed confidence in the ability the bankers’ pool to prevent ca- trophe and in their assurances that fall street shall not be squeezed In ll or time money rates, was shown the better prices and the increased tivity on the lopg side. s was added to by the report Washington that the Republi- n Committee in charge of banking currency measures would un- tedly agree to give Wall street financial relief it demanded in é form ‘of an asset currency Dill. was reported on the Stock Ex- nge that the new financial meas- j would be that advocated by the banks, and that it would be prac- jal and effective. At the opening prices were some- fhat irregular. Most of the Issues yened higher than last night's close inystrong contrast to London's quo- tions, where nearly all the stocks the international list were quoted lower figures. ®t. Paul advanced 21-2 per cent., Consolidated Gas 2, Steol common 2, ‘Manhattan Railway 2, North Amert- can 8, Chesapeake and Ohio 11-2, Sugar 3, Missouri Pacific 21-2, Union Pacific 1, Reading 2, Southern P. Mcifio 2, Brooklyn Rapid Transit 2, Hocking Valley 11-2, and Pennsyl- vania 21-2, all in the early trading. J. P, Morgan, who is one of the ‘largest owners in the North Ameri- Company, the stocks of which ‘been hammered long and re- | leasly by the bears, gave them an object lesson in rapid market move- ments. three quotations by brokers buy- ing for him, he advanced the stock three points, each quotation being just a point apart—112, 113, 114— »gnd he gave the shorts no rest until he had pany eauonset them five points to the bad. James R. Keene was the dominant figure surrounding the fluctuations -and advance in Southern Pacific. As the manager of the original big pool which held 300,000 shares of South- ern Pacific stock, it is in Mr. Keene's | power to call for the return of the ‘300,000 shares >t any time, and this is causing a flutter in certain quart~ ers. Tt is an open secret that there are certain members of the pool who vio- lated their agreement and sold their shares. If they were called upon to produce them now, they would have lots of trouble in getting the stock. London was a seller of about 30,- 000 shares in to-day’s market. The rise here was too rapid for London to follow, and it lost some hand- some profits by going on the theory that the early improvement wag not Traders abroad were fooled by the quick change from extreme bear- ighness to optimism which character- ized Wall street, and it failed to take at {ts true vaiue tho sense of security afforded by the formation of the $50,- 009,000 loan pool. A great deal of new buying, which made the market distinctively strong from now sources, was based on in- formation given by the president of one of the biggeet national banks in Wall street. This official said that the amount of ticney now coming from the Wost was fur greater than the public had ‘any idea of,_and that it clearly dem- “onstrated the turn of the money tide from country to city. In support of his view he pointed ‘out that the Sub-Treasury lost to ‘the banks $224,000 yesterday, and for the week the banks would undoubt- edly show pains. Poasibility of labor troubles on the Union Pacific, growing out of Chair- man Qdward H. Harriman’s reluct- ee to admit that he would even onsider the demands submitted to n’ by the inechinists through esident Burt, caused early heavy ling. of. that. issue. it-was lenrned Inter*that Mr. f "was doing all he ‘could to possible trouble, and would ub grant most #{ not all the mands upon him, the stock ad- | Papldly and gained over two joints. Mr: Herriman is sata to have 1g “Mr, Butt there must, be no Pool operations in several related froups of stocks were evivent to- ‘This is the first time the pools bave: heen operating on” the ma de for weeks. Instances of ou | mu ying were St. Paul, Baltimore & Ho, Southern Pacific and Missouri Mercantile Trust Elect: ‘@ ineeting held to-day the follow- B were elected directors of the Mer- + yt Company: on New ‘THE CLOSING . bart) Alles-Chaimers 100 Allea-Chalmers 4,300 Am Bibes: reer BESS Soest 5,100 Canadien Pacific h Canada, Goathern seuss ie: FF EREEE, sueureusess 300 ing Coal SR ito Central ‘ater, Paper pt. 200 Inter. Pump 100 Inter, Silver. pt 100 Towa Fa Baas 300 100 Keokuk @ Dea iM. 6) Long Island ast sSaeouae 3: we ia = Y., Chi 9,100 Ontario & Western. 400 Ontario Sliver io Const, See Ava ‘in pen oueaaine ae ot adi 1) Rep. “Reset iM BBs sy Tein Chir. 28.400 Union Pacific... bet Vaton Pacifi 24 pf. Ets The Util eniee of wtocks wore’ 645,600" sharea Consolidated Exchange Sales. Amal. Copper Am. Car & Foundry. American Suger , acd 22333) EEE FETE 1 244 MToial sales of stocks ‘were ‘185,900 shares.. BOND TRANSACTIONS, es eS FEEEES te S¥eeeeere ou KE 5: @: ® 33 3 3 slEseey Fy i Tstiviiend? +t ee Cc & £ Ill ger 10000. sss Fs TO BREAK CAR TRUST. J. W. Midgely, Backed by J. P. Mor- f in Fight Against Reef Men. W., Midgely, of Chicago, whose night to brea up the privaterownerablp gf care avetem has the Indorsement of I. P. Morgan, A. J. Cassatt and W. K. Vanderbilt, haa made anew move in hie contest, | There ere in tho entire country, bt ee 120,000 1 fe cars, in which the ralitoad oompanies: have’ no interest. Figures are given to show that it these cara were accounted for under the per diem ayatem aa additional #aving in the amount alone for their use Wallld be, at least 99,00 f, ely made 'the emphatic atate- ment that tt ‘the sarivate. car oft country cnereee oy rogetentin hte Mei mi Ber, inva as ve the Jaedlaconed u Samat etal of £220,009, a year, Re The 1 Avate ci re laresly Beek Trust and other nd the effort to break up the backed by the big railroad mag. who want to compel their Dwicrs to paycthe per.diem tax. is ——— The Cotton Market._ arket opened 1 bolas lo Be: int higher. poigt hgh Mex Cop Int ine 42000, ; on EEE fee tee 8 » 3 33 £ pogss- 2? = Wer Uniow ‘4 3000. m, 2 EF 553 opening it was very erratic within a range of 4 points. The vee through the South was clear and cool. The opening. prices were: December, + January, 8.55 to 8. Febru- March, 8.81 to 8.32; April, se" to ‘4a: “May, 8.34 to 8.35; Juhe, 8.35 8.35 to aa August, 8.20 to 5} July, §.36, The Wheat Market. The local wheat market opencd fairly steady to-day, but soon after (he first run of trading sclling™pressure caused the prices to sell down 1-4 of a cent. Corn was also yery weak. The cables had no. effect in influencing the m: kets, At Chicago the wheat and cot oj Markets were also weak, both selling low 1-2 a cent. December corn sold down 3 cents a bushel tn the forenoon, Feaching B). lew York's openin: Jireat—atay, tt: Joly, 78 14 a Chie 70" nin, ~Gueaps, ert re July, 741-8 oy S294 to 82: Ma: rices were: bid. Corn- prtoes were: Whoa i EES to to 8-8 to 1-2; yar 1-4 to 3:8 to I % |nothing els ~ WANT LAWS TO CURE RAILWAYS. Interstate Commission Sees Grave Danger to the People in the Combination of Great “Transportation Lines. WASHINGTON, Dec. 17,—The ten- dency to combine continues the most significant feature of railway develop- ment, according to the annual report of the Interstate Commerce Commis- sion tesued to-day. The report ga: “It 1s not open to question that the competition between rafiroad carriers which formerly prevaiied has been largely suppressed, or at least brought to the condition of effective restraint. | - The progress of consolidation In one form or another will at no distant day confine this competition within nar- now and unimportant Imits, because the control of most railway properties will be merged in a few Individuals mhose common interests impel them to act in concert. “While this wiil insure, as probably can in equal degree, the observance of published tariffs, and so measureably remove some of the evils which the act was designed to prevent, the resulting situation Involves conac- quences to the public which claim the most serious attention. “A law which might have answered the purpose when competition was re- led upon to secure reasonable rates ts demonstrably inadequate when that competition {s displaced by the most far-reaching combinations. So great a change {a conditions calls for a corre= sponding change in the regulating statute.” The commission reaffirms its recom- mendations for amending the Inter- state Commerce law and urges the grave necessity for legislation. The report says that the fact that no convietions have yet been obtained nor indictments found in the cases of the roads which were shown by an investi- gation last winter to be giving. secret rates to grain snipners emphasizes the fact that the criminal provisions of the Present Interstate law are practically & dead letter, LOAN POOL BRINGS ae RATES DOWN Time Cash Drops to 6 Per Cent., and Call, on Which Brokers Are Depending, to 4. The first important result of the for- mation of the $50,000,000 pool to protect the stock market developed to-day when thme money was offered at 6 p2r cont. and below. ‘This 4s the first time tn three months that time money has been offered as low. Yesterday !t was hard to get at 7 per cent, and even higher, for sixty to ninety day periods. Several brokerage housea announced to-day that they would depend upon the Mongan-Stillman-Baker pool assurances; that no gqueeze in call money would be allowed, and would depend upon the call market until after Jan, 1. Call money was offered as low as 4 per cent, to-day, and the highest Agure Mrs the foreign exchange market ster- ling opened: easy in tone with demand at 4.8075 and 4.3665, while @i-day bills Were quoted at: 4,833. The banks have lost very little to the Sub-Treasury this week, and Saturday's statement Is expected to snow handsome ins from the interior. OUTSIDE MARKET BETTER. Northern Securities Leads in Ac- 4 tive Curb To-Day. The curb market was active and better to-day, with Northern Securities leading the advance. Quotations for the active stocks were: Bid. Asked. bs rthern Securities . 109) Hy 100% SILVER TRUST COMPLETE. The new silver trust has finally been completed. Through the consolidation of the International Silver Company and other concerns the United States) Silver Corporation will be absorbed bd; the International Company, which wih hereafter control, Directors of the International Silver Sree have voted to irsue script to referred stockholders in settlement of Bnpald dividends to Jan. 1, at watch time the ascuniulated dividends \ will amount to 21 1-4 per cent. The new will have a total capitalization 000, is only aggravated by ‘wearing ordinary trusses, which are en- tirely ‘misconstructed. No wonder your condl- tion grows worse. ONLY SURE CURE. Call and inve: gate cour truss “ cures by de- ‘velop! toe the relaxed muscles at Ros ‘opening. iO BELA, 20 10 heavy, snritige, no no lee, t, aren teed effort, to . Cluthe hirabie, of vsticoean ant plac: z cates frprow Call to-day OF write for FREE BOOK m ayeiem, with tet of recent chim Ciuthe Co 30 Ee 44th S. we Sin e Ms. te dro an rw Mitonah mires fet i Now ork STEEL TRUST'S NEW PLANT PAYS WELL, With Addition of Union Com- pany, Billion-Dollar Concern’s Earnings Will Swell Largely. Concerning the purchase by the United States Steel Corporation of its $50,000,000 rival, the Union Steel Company, of Pittsburg, a member of the firm of J. P. Morgan & Co,, sald to-day: “Mr, Perkins, of thia firm, who is also Chairman of the Finance Committee of the United States Steel Corporation, has given most of the detalle in his state- ment made In Chicago. “The deal has been under way for some time. Such {s the importance of the big company that the United States Steel Corporation long ago saw the ur- rent Importance of adding {t to its sub- aidlary compantes. “Its various plants are so favorably located with respect to proximity to other important plants of the United States Stee! Corporation that its quisition means the addition of millions of dollars a year to the trade and in- come of the parent organization. “Very soon the Union Steel have a capacity of more than 1,000,000 {ona of finished steel a year, ‘That alone Kas a strong argument for its pur- The atatement was also made by a director of the ‘Trust that Its earnings for inst month were $11,000,000, or $1,200,000 in exceas of the correspond- ing month last yoar, Total net earnings, for the year of the RIN Dotlar PARTS Tp are now ¢ timated at. $139,600.00, or within $500,000 | of President Schwab's estimate alx BIG GERMAN BANK FRAUD. OMficial and $175,000 Are Missing from Berlin, BERLIN, Dec, 17.—The Darmstadeter Bank has been defrauded of $175,000 ow- ing to false entries in the books on the part of a bookkeeper, Nessler, who had charge of the depos Nesaler has been missing aince Sun- day. BRITISH | GENERAL'S LIFE SAVED. Had Suffered for Years from Kidney Disease and Was Cured by War- ner’s Safe Cure Anny, who ney troubles after lon Me took my advice, and, after using your remedy, he was completely cured, and was a hale’and hearty man when 1 saw, bim Inst, and must have been neart years of age. Ho has assured me nal again that he earn belleved War- ate Cure saved his lite, and os ne y it I, myself, have ees your remedy with he reatost benefits, an T war refused by | the “Equitable. Insurance Company tinea for indications of, Brights. Dicense, | but after taking your cure for some time) was able to obtain speaks for itself, In my rovin have been greatly benefived by us ner's Safe Cure, not only in torrid Cimates of Eaypt,and India, but aivo in Rm Arotic regions of Alanka. “Your, curp Ui served me well. Yours very faithfully, TEST YOUR URINE. ‘it/there in ita dish sediment In your urine on stan twenty-four hours, or if it 1s cloud particles float, about in it, your, kidneys ‘and you should at once com- mence taking Warner's Sufo Cure, the frestent known cure for rheumatiem, swe; ing, Bright's Diseare, gravel, uric acid polgon, eczema, Jaundjee, out, dropsy and all diseases o bladder, liver 4 Dlood. It's jeglect your dneys An free trial, bottle *has often been_uf- Actont to cure cases of kidney disess e wher the simpl been made in tbe cariiest stages Of the disease, F) f C (purely veretable, and contains no par. efeor” narmfit sarugs. “It ts_ treo. from | sediment and is pleasant to take. (Bi Ware of so called Kiduey cures ful! of weal t and they aro harmful \" Ie i afe Cure bi been pre nd used by 16 for over twenty-five years, and Is ured In many prominent hospitals’ exclusively. It you decide Warners Bate Cure is you heed you can buy It at any drug stor Ywo ‘regular sizes, bo cents and $1.00 WARNER'S SAFE PILLS move the bowels gently and aid a speedy cure. Rofus Substitut nd imitations, good" I "using 6 Wars or ft which tnjure the system SAMPLE BOTTLE FREE. |! liver, bladder and) blood | fe Cure them, a ent’ absolutely freer Blo medical booklet bout the diseases of the Myer and bladder, with w prescrip- tou for each disease many of the | nds of featimoniale recelved. dally Who have been cured Yorid. The genulneness of thin off fully guaranteed by the publisher, aaa Banking and Financial. HAIGHT § FREESE | CO. ‘STOCKS, “BONDS,” GRAM, COTTON, Co. will | To convince every sufferer from diteares | —— STANDARD OL T0 MAKE NEW RECORD Wall Street Experts Say that Next Year’s Dividends May} Go Above $60,000,000. John D. Rockefeller’s Christman gitt Of $1,000,000 to the Chicago University | was doubtless prompted by the fact that | the earnings of the Standard Ot! Com- pany right now are larger than at any similar period in the history of the Trust Wall street experts predicted to-day that Standard Ol! would pay its share- holders next year not less than $70,- Pianos a Organs. 090,000, oF 00 per cont. In dividend that this rate might even be exceeded. Since oll started on Its upward course In line with strike prices for coal, the jearnings have tncreosed 90 enormously jthat even Mr. Rockefeller Is satisfied. Oll retinera say that in the event of olt being maintained around $1.50 through- out next year the dividends paid would be the greatest ever recorded. | This year Mr, organization pald only $45,000,000 in divl- |dends, of which he recelved $18,000,00 and his brother Wililam $3,000,000, The decreane of $3,000,000, as compared with $8,000,000 paid in élvidends last year, was due to the construction of a big fleet of vessels and increased ex- penses In prospectin Next year, with oll still at high prices, Mr. Rockefeller will get all thix back and incraase the returns to stookhold- ers. a Negroes Want “Jim Crow’ Cai HOUSTON, Tex., Dec. from 8) negroes” for cars has, been received Cpunell. The negroes pace will not ride with Wants, THE APOLLO COMPANY, ANDERSON & CO., bine PLAYER. The most valuable Xmas Present of the Century. Open Evenings Until Christmas. SEND FOR XMAS BROCHURE No. 8; IT 18 FREE, Wants, 101 Fifth Avenue, New York and 18th Streets). 470 Fulton Street, Brooklyn. For Sale. DRESS ere we Carry a large and si 1114 3d Ave., near 65th St. 2274 3d Ave., near 124th St. WELL. open an accountatany of our four centrally located stores elected stock of stylish CLOTHING AND CLOAKS, Hats, Shoes and Millinery, Watches, Diamonds and Jewelry ONE DOLLAR No Extra Charge for Credit. Manhattan Clothing Co., Per Week, | 295 8th Ave., near 25th St. 700 Broadway, Brooklyn. OPEN EVENINGS. 45 WEST 14TH ST. FURNITURE ONLY. YOUR CREDIT IS GOOD. an Account and Pay one. DOLLAR A WEEK. FURNITURE AND CARPETS. LADIES’ SUITS AND CLOAKS AND MEN'S CLOTHING. LEWIN’S 267 WEST 125TH ST. FURNITURE AND CLOTHING OPEN EVENINGS. Christmas Gifts! so, Diamonds, Watches, Jewelry can be obtainet at any ot wares, Shiloh we, huve ad Sur cha “ewabliohed “Whote- sale Jewelry business, CASH ee. Pineda rye Calle write et L.W.Sweet& Co. ~ Leading Credit Jewellers, 87-39 Malden Lane (In Store). Uptown Branch, 256-258 Sixth Ave. Brooklyn Br 467 Fulton St. ESTADLISHKD 1885. a your word tor It ‘Open an account Open, Business cont- STANDARD" aan (0., 442 West 14th St,, Noar oth Ay WEEKLY PAY MENTS, _ Diamonde, Watches delivered on frat payment: | merictiy eonfitenttal; BiaMosD rif MANHATTA; a) roadway O14 ont for new. WATCHES. 25 TYPEWRITERS taken In exchange; st, _Brook!y' $1 WEEKLY Bees euthine Fe ter Address ¥ 468 W. prices reasonal jelivery; busine: telephone. JAMES BERGMAN, Malton ie Jane _(opetalra), St WEEKLY seo! Gentlemen" Beas stating ma Tata fe We will do pleased to mead you upan requess 100- Ipatrated “OUIDE TO pita De, iat a se ftir) oie orem ive Biiesad wis oe i aiden lane, |S0UiD gold ladies! rings, $5 up $1 WEEKLY, | Ant makes at 84 Warren ot, N.Y $30 Fulton Demonstrated at thi Novelty Exposition at SUVIO BEGINS DEC, To warm stores, halle, lofta. fats, offices, apartments, ete. Gas consumed, % cent per hour; absolutely odorless, Giant Heating and Cooking..t2.% Heating only $2.00) Large else Smaller size Copper and Fy Christmas Preseats. New Style Zee-Neet Heater. NO. 1, 98 CTS.; NO. 2....,.509 CTS, Don’ misled by dealers who claim ao Salad hee ac mod” seering, corinne bok: Part tn order to derive tanger profits. SUVIO 19 the real thing, A Liberal Discount to the Tra Sold Everywhere, or SUVIO HEATING CO., 11079 8d Ave, 69 Park Place, N.Y, es] EXENING Tel. 935B 79th, CREDIT £2 EVERYBODY, CLOTHING FOR MEN AND WOMEN ON Kasy LY OR MONTHLY PAYM 2289 THIRD AVE. NEAR 125TH ST. $54 COLUMBUS AVL, NEAR 1TH NUSINFSS CONFIDENTIAL OPEN EVE! A-carat gold 10- represeatative 2) weekly K ‘guaranteed; lowest oi WATCH SUPPLY CO, THRE MAIDEN DAN wevgibs Stuer bargains, HUAD, 336 | yo-%, folld golf tadiew, and geatiemen | eB ee | woupay PRESENTS—' mnonds, fils itlees weekly parings leoert gricon, CROWN Jui . 7 Malden lane, Deanowos ches, weekly or: easy terme DIAMOND WATCW CO. I? Brondway DIAMBNOR, Josalry Aaticareds conrvalent | sis, ex DICatS Whos ‘adc SS. Rockefoller's colossal ti THE DUR TRADE TRUM LE Traine orrive aad apart, trom Grand Central sation’ ae a btreet Kew York ae below: “i ations, A. Se oteaPInE STATE Most famous train in the world. Butale move Due Ruffalo 1.15 A. M. SIRITLAND | BXPEESR Der P. PALO. ‘LIMITED, Due Bud ra Fotis 11. cn PM. MITED aia aay P. SHICACO LIMITED. 24 hows to Chiage aes Shore 26% via Mt. by 45 °: ‘H CENTURY LOM a TrED, 50, <*DETROIT, GRAND RAPIDE HICAGO SPRCLAL. KE SHORE LIMITED. OBWO coouo LD gare Faille $4: MLSSPECIAL sat, leeping ear only tor Tochester. 9) Tealanape lana ‘at eocond Pern BSS. Cape Nae, Oedenat rept Suni ARLE) 28 P. >oo ou +373 Mami , throne ‘Traine ted. tee wathst mces at Wg am i, 15 ee oe ist. ic, Grand ‘Central Bietion, mations. New York: 4.108 roadway, R. D. “M0 F8th Breet" fe Bos rag ‘antonrt Fentess NEW YORE” "CENTRAL a NEW YORK, BOSTON AND NEW ENGLAND ay (New York Central & Hudson River Trains leave Grand Central Btatlon, avenue and 424 street, New Ry A AM 12.00 a M. ik ee Mias ‘Telennane Central Cab, 6 ki WEST SH SHORE RAILROAD. (New York Central & H. River RR. ‘Traine leave Fraaklia, Su. Sta, New '% fellows, ana Ib ste, later sone West 42d at. ‘A. M.—For interm. points tb All MiG) Saratoga’ and Mobawk xpteme M. Express. Det. & (—For Syr.,ftoch., Ning. Falls, Det. ‘Daily, except Bunday. Leave if () at 110.45 A. Me; (2) at rae A, tA) at RAILROAD, IONS foot of WEST rot ca The ie ath in ave ow for Twenty-tnlrd. ate 0d. 4 past oT Maite mited to two Parlor to Piusburg, 8.55 A. 9.55 A. SFAST LINE—Pittaburg and lever manatee um Compartment Sleepin: Peden Ge Observation Cars. For. Toledo, Detroit. Cineinaatt, Daa i, Lout ee INSYLVANEA oa eel THE PEN: cnt "prea: ca SUSE, "Sime. ase 58 PRESS—For math Sekar a. Din ee LOI At sndiagapolise Chea, ne EXPRESS For, Janapotss, Louisville, eivor Welch, We Van (va SBTERN ERPRESS—For em igh Cops plates oni aeacth yt Knoxville, daily te ley FRowte, ‘Connects for For, Toledo, ex andoa diy, except Satu Pr ELAND Exriines—rer Pittabare, aye, POINT COMFORT Ries eek Gay3, orn to deat! "914 Elghteenth at.” tor Iroad Cas service, HUTCHINSON, J. BR. WO General Manager. Gen Passenger Lawyers. GEO. ROBINSON (La 99 Nassau et. (Day). 1870 B'we Patents. ADVICE FREE—Patents ore’ Guide FREE. Patent Attorneys, Ge LIMITED, rt 3 Gam and Ditleabure to Colas ase