The evening world. Newspaper, December 18, 1902, Page 11

ALL THE LATEST NEWS OF THE BUSINESS WORLD. STOCK MARKET GEST IN MONTHS. } Heavy Buying, Higher Prices and Wider Trading Range Keep the Brokers on Change Going and the Street Astir. NO DISTURBING FACTORS. Reduction of Grain Rates, Dissipation of War Talk and Inflow of Money Tended to Encourage Dealingo— Washington Profits on Sugar. To-day’s market was the widest and most buo;ant that Wall street has seen for nearly three months, and in the active operatons of the day nearly the entire list enjoyed Substantial advances. The dissipation of the storm centre around Venezuela removed the most threatening cloud from the market. Its response was quick, sharp and favorable. To the great discomfiture of the bears, the better conditions in Ven- ezuela were followed by good news from every quarter, and their rout- ing was attended with heavy losses in some quarters. The most !mportant news, apart from Venezuela, was the reduction in the prices of corn and wheat. In well-informed quarters it was re- garded as indicative of largely in- creased exports of grain, the conse- quent reduction of our foreign in- debtedness and a lowering of ex- change. Leading the railway list in buoy- ancy were the Rock Island shares, St. Paul, Missouri Pacific, Reading and Atchison, with the former heading all in the activity shown. The best advances in the active Mst were 3 1-2 for St. Paul, Rock Island 2, Baltimore & Ohio 1 1-2, Union Pacific 2, Manhattan 2 3-4, Atchison 21-2, Southern Pacific 8 1-8, Missouri Pacific 2 1-2, U. 8. Steel , and Steel common Continued efforts by traders to as- ‘certain who is to be the final owner of the Hocking Valley Railroad have been mot by persistent silence on the part of J. P. Morgan & Co. It is conceded that the Vanderbilts and A. J. Cassatt, of the Pennsyl- }vania Railroad, are to divide it, but ;When and how worrles the specula- ‘tors. i St. Paul's recent course in the mar- [Ket has been a puzzle, but when it ‘was announced to-day that a group lof Western operators was obliged to ppart with their St. Paul holdings in porcenee Protect other issues, this was partly explained. A prominent St. Paul official an- mounced to-day that St. Paul stock- ‘holders would be given substantial itd in the proposed new stock is- !sue, probably at the meeting next Washington lawmakers and other mational capital speculators who bought sugar when it was 118 reaped their reward to-day. Under the en- couraging av slsp ents showing the highly za:ls »¥ OnUOOK for loeis- lation the stock advanced beyond 126, making a clear profit of 8 points for the lawmakers, The heavy realizing sales in the afterncon, mostly made on telegraph- ie orders from Washington, showed that they were out hiving their Profits while the dew was on. Arbitrage houses suffered losses to- day because of the great activity here at advancing prices and the unex- pected hcom In London. They early sot whipsawed because of the fact that when they sold stocks on receipt of the first London quo- tations, which were lower than here, they couldn't buy here except at a loss, and when they attempted to cover In London they were unable to do Bo. In al! they bought 25,000 shares and lost on the deal. : Confident expectation of a favor- able bank statement helped material- ly to boom prices. For the firet time in weeks the Sub-Treasury has filed to make material gains from the banks. Money from the interfor is coming in freely, and all the indications point to the turning of the tide in this direction. Anticipating January disbursements for interest and divi- ends investors are already entering the market. Call money ruled at 5 per cent, moa} of the day, while time money ‘was oaning at 6 per cent. for sixty- day pp ls. Money conditions were distinct:y more favorable. The loss of $638,000 of the banks to the Sub-Treasury compares with Joss of $4,456,000 in the same period Tast week. Of ‘the $6,000,000 due Jan. 1 for intordst on the public debt, it és eati- mated’ $2,000,000 will be paid out by thé Sub-Treasury in Wall street, —_ Pays Extra Di Decaspiue ‘Trust cokivicy ha THE WORLD: THURSDAY EVENING, DECEMBER 18, 1902, BOLD BEARS WHO BAITED MORGAN GET A HURRY CALL AND GO DOWN. WESTERN UNION RELIES ON OLD LAW Being an Agent of the Govern- ment Pennsylvania Cannot Force it to Remove Wires. (Special to The Evening World.) NEWARK, N. J., Dec, 18—Judge An- drew Kirkpatrick to-day heard argu- ment on the return of a rule to show cause why a permanent injunction should not Issue restraining the Penn- sylvania Raliroad Company from inter- fering with the lines and poies of the Western Union Company along the rights of way of the railroad. A temporary injunction was fssued Noy, 22. The time limit for the removal of the wires of the company {s Jan, 1 ‘unless the Injunction ts made perma- > | nent, J. .P, Morgan, who is one of the largest owners in the North American Company, the stocks of which have been hammered long and relentlessly by the bears, gave them an object lesson in rapid market movements. In three quotations by brokers buying for him. he advanced the stock 3 points, each quotation being just a point shorts nc rest until he had squeezed them 6 points to the bad.—Wall street note, apart—112, 113, 114—and he gave the THE CLOSING QUOTATIONS. Shares, High. Low. The Closing Quotations, High. Low. 50,600 American | Sugar 900 American Sugar pf... $00 Anaconda Mining 100 Ann Arbor 200 Cap. Trac . 8,100 Ches, @ Obfo . 6,400 Chic, 00 Ch i Ppt 181 . of 1 . ie % 33322 City gouth. ‘ot.- Eoag Yaland tent nxt 3 $-£ 4 2382i8s 7 atari Sipe coast OS racic Count 600 Pacis Mall High. Low. Clos. 164% 153 40.10) Pennarivante 2,800 101% 100% 1K 59% 87% People's Gas 2.200 Pressed 8: Ri 400 Rep. Steel pt. 100 Rubber Goods 200 Rutland pf. & Bnet 8. ‘ican Vire -Caolina Gera 406 Virg.-Car. Chem. 0 Wi i: pt Wh 48% 49 ‘The total ‘males of stocks Were 951.400 Shares. Am, Car & Foundry ; Cotton ON)... legele Wis, Central UM a 3 Total nales of stocks were 205,800 shares. BOND | TRANSACTIONS, Adams Express ti AUT é 3 F gen ds aay 4a 32 2 70 Hee wer Pas "tees ain of 5 per}: its 3 S338 $+ 3 =: Eee eS S Sigeraae eee if ee Inter Paper 6a FE FERS EAE Fee SHEE: 000. Den & Rio G 4x shel = 3 z: 2: F S3 EPSPS Reeeerresanza2e lat ino *3 s.9eeae* 120% R. V. Lindabuy made the agument for the telegraph company and went Into the hilatory of the cuntract entered Into detween the telegraph company and the raliroad Jn 1851, when the former agreed 15,000 a year for the privilege. contract was to rum for twenty years. It was renewed for the last time in 1881 and expired in May of lust year, when the raliroad potiied the Weatern Union it would have to remove its wires. The coniract provided that if notice to remove was ven the Western Union Would pay no rent for six months after the notice was received. Counsel showed that the Pennsylvania has accepted rene for May and been given, and this action constituted @ waver of the notice. It was further ‘heid that under the act of Congress of July 44, 1886, the ral road had no power to remove the wires. ‘The act provided that companies then Incorporated were given use of the post roads of the United States, which Included all rafiroads pro- vided that the telegraph company agreed to transmit Government sages and Weather Bureau reports and to give suoh messages precedence over All other business, it was not in the power of the tele- grap! pany, counsel held, to give up| fis obligations to the Government. It gent of the Government and | Protected. In addition It was An agent of Interstate commerce and even more fully prote Lawyer Lindabury. that the Postal Telegraph Company, which is endeavoring to succeed the Western Union along the rights of way of the Pennsylvania, had ‘secured “a. decision {na case cxactly similar in a sult in Lows'ana, holding the law of 1865 pro- tected them. A similar case was d clded in. Utah’ and again the Postal Telegraph was the complainant. The Court reserved decision, ——<$<—<—<—_— The Wheat Market. wheat market to-day opened at fractional advances. Trading irly active at the start Pull the eniiment was inclined to be bt fairly steady some pr polited out The ing. excep ary, whic! Foreign hi way In the early market. was supported by a few local bulls. York's opening prices were: heat—July 725-8, bid: May, 811~ 483-8 bid. go's operin®, prices _ wer W OR 14 3. - 3 435-8 t . suly, “ 3-8 to 42.1. New York's closing prices wheat—December, 82 3-4, offered oi 78 1-2 bid. Corn—Dec ry, 62 3-4 offered; M july, 47. ‘go's closing prices were: Wheat— December, 7 May, 76 1-2. to 7 5- 5 one oen December, fered; my 3 to wort Ma. 43 offered, The Cottom Market. The local cotton market atencd quiet to-day, with prices unchanged to points higher. It was rather a Meaturee jess market on call, but later some ac- tvity developed on Southern buying of March and May, January was quiet, but held steady. The port receipts and cables favored the bears to some ex- tent. Weather conditions through the South were favorable for the movement. | The opening prices were: Jantiary, 8.50 to 8.51; } March, 8.30 to Sal: to 8.32; May, 8.32 to 8.83: June, 33; July, 8.98 to 8.34; ‘August, 8.14 to October, 7.90 offered, at 2.30 P.M. were: Jan- 46: March, 8.28; May, 8.27; July, Sau An @ A P 4s 00 SPETES FE Fe FFeT za"s 8 eer: as 8 ex apy eB i a 200 so. 108 Va 6a dtd Brows Bros & Co eile 00 a0) Bouth Ry lat on 1600 18 100 tds. fun R & T ine 100 tes 466 4000. : 6 Stan RAT be 1090. aw ra 1 199 88 The toial ‘siien of bonds were hes Acta Tonds, Rig. Aaked. A FON ia 15 int cons fs i Wii ay tak a oom be rex june after the notice had | telegraph |s ijthanks to Duffy's Pure [Malt t| rather | CONFER IN SECRET ON CENTRAL'S PLAN Board of Estimate Considers Its Proposal for Improving! the Park Avenue Terminal. The Moard of Batimate and Apportion- | ment held a secret session to-day In the City Hall to discuss the plan of the New York Central Rajiroad to improve its terminal The road has made many concessions | and President Fornes sayé that It will| xo further even In offering inducements to the ojty to agree to the granting of | Increased surfa: fe aren. Alderman "Tim" Sullivan is not jn fa- vor of the plans of tho road. He said to-day that there would have to. be | many more concess|ons before the Board | of Aldermen would give tts approval. | He & opposed to that part of the pro- posed plan which contemplates the pay- ment by the olty for the severaj foot- brifges and viaducts which are {0 cross the depressed tracks. CURB BROKERS BUSY. Buying und Higher Prices in the Outside Market. The curb market was active and higher to-day in sympathy with the goo! prices on the big exchange and stocks were inclined to soar. ood cits. Site Be BUE bo eests Peart ee. ARRIED AT 104 Mr, Townsend Miller, of Ja- maica, L. I., who has just cele- brated his 104th birthday and !married his third wife, says he lis as vigorous and strong as lee twenty-five years of age, Whiskey. fo years 60, day's work. ‘I attribute my health |and great age to the constant uso of a |Duny's Pure Malt Whiakey dally for many. yeare, Jt has Kept me free from disease and prolonged my life 2% years. Duffy's is the. groutemt medicine ia, the world, «gods send to old people, and I will never be without it. Yous truly. ‘Thousands of such jetters are received from old men and old women who are nearthg the century mark. DUFFY'S PURE MALT WHISKEY js an absolutly pure stimulant and tonto, free froin and dangerous ingredients i CN to ‘post whiskies. f you wish, to Keep young. strong and vigorous and have on your Low Of perfect nealth, take bu EES etd MALT WHISKEY REGU Y, a tea- spoonful tn halt’ a Ot water’ of mail t ct t with drugs; ‘they, poison, the systeni depress the heart (Quinine depresses the hea while DUFFY'S PURE MALT WHISiEY tones and strengthens the heart action aud purifies the entire system, hide digestion, atimulates the blood, alld nerve Cissue, ‘invigorates the brain, keeps the old young, the young trong and pros * alt Whiskey has stood enti ifty years and has always been found absolutly pire,and to contain medicinal prope ound in no other ey or combination of dru Pare. INDIAN WORK BASKETS. EV ERY PURCHASER of Ete., is entiiled toa eee Per Gal. pi 7 WHISKEYS,. AND BOURDON TAIN’ VIEW “2.00 2.50 SPECIAL, 5 3.00 AL DEMIJOUN “sas T FOR THE OSLBRRATED “Thistle Dew” Whiskey, $4.00 (12 Years 014.) $1.00 Per Bottla, 6 Bottles for $5.00. K mot RYE, ie veil eNTERPRIse WHITE WINES. Per Gal. 75. + 1.00 . 18 00 RED WINES, 80.75 + 1.00 TABLE WINES ... HOCHHEITER REIBLING TABLE WINE ZINFANDEL ST. JCLIEN BURGUNDY Tt combines 1. invigorating MAIL ORDERS 1028 SECOND AVENUE, NEW YORK. 2780 THIRD AVE., COR. 17TH ST., New York. 1276-1289 BROADWAY, BROOKLYN, N. ¥. 413 WASHINGTON ST_,_ HOBOK’ For Sole. Denefting Invalide and con- eralevcanta, Pull Quart $1. Carefully selected, packed and promptly de- Ivered to any part of the City and vielaity. Our out-of-town patrons would do well to wend their orders as early as possible, FLEGENHEIMER BROS., 261-269 8th Ave., bet. 23d and 24th Sts., 119 MANHATTAN AVE., BROOKLTN, N. T. SOUVENIRS 1902—1803. ful for our SOUVENIRS to be the newest and most novel, the St. Regis and Oneida Indian Tribes have this year made for us the prettiest forms ‘and styles of our well selected stock of choicest WIN! SOUVENIR, One of there beautifully rount oF ecrap baski deeired color with parchane. This year's SOUVENIRS show a happy combination of usefulness and artistic worth. RARER RI Rea TENT BRANDY GRAPE DRANDY KUPMMEL HITT BERRY BRAN JAMAICA RUM, HN . |, BLACK- HOLLAND | PORT SHDRRY ... MUSOATEL AN- GRLICA MADEIRA AND MALAGA .. TOKAY GABI- NET IMPORTED FRENOH-HUN- GARIAN RED Itseit all the | WINES . qualities for 100 MARKET 8T., NEWARK, N. J. 176 NEWARK AVB., JERSEY CITT, 1.25—1.50 1.50-2.00 00—2.50 1.90-4.50 RHINE WINES..1.00—3.50 $5.00 TO $9.60 PER CAs Free of Charge. New York. | Fou TRUNK VIA TRACK FALLS. rand Southbound "trai ‘ind defore arti weit fime at Grand M.—2ttD Rutfato 1.15, apotie 11-45 nest. morn A syMACUER ail Important, stations, M.—tEMPIRE STATE every. $3.00) Botato 445, Niagara 8 45 FAST MAL pPue Butalo 7-10. 10. 30 4 mu Soe SIDA EXPRESS. 11. 30 i a a RATE Not extn 12. sin PM —AcHIGAgo trMtTED, 1.00 2.45 Tred." soteue ike and 3.30 fi, Fase train to. train to Chiengo. Due Cleveland 7.3 i Tndtanay ihe 2 Chit a a iN Ticket eae mm ap ats ry ‘ofices #0. eB “Conn wy, Bauman a. W. wet hit st. se eations, cu ulton at and rtiet oe New el. Feathenes hy woot et a Seevice. NEW YORK” CENTRAL NEW YORK, BOSTON: ‘Via _Springheld and BOSTON AND ALBANY i (New York Central & Sewing Machines Like this Cut Get full value at these prices. | Not misrepresented axa $6. machine red some grocery stores and other fakes. represent. When you want to buy groceries would you go to & aewing-machine store? ‘Then why to @ grocery store fot a machine? where the people are experts In thelr | spocia) line. We Keep in Stock the new Home, Domestic, White, Wheeler & Wilson, Standard, Kruse, Kruse Automatic, Singer, Davi Willcox & Gibbs. In fact, in our stere you will find all makes. Machine Supplies EVEN EGR THE VERY OLDEST. MACHINES SOLO ON INSTALMENTS AND RENTED The most complete Repair Depart- ment in the city. CALL OR WRITE, OPEN EVENINGS UNTIL 9. KRUSE SEWING MACHINE CO,, 218 SIXTH AVE., NEAR 14TH sT.| GhOne crupry, WATCH Vator, Harlem Bre CLOTHING FOR LADIES, MEN AND BOYS. No reterence ‘or security, requires. wirien or made. puree: No sane yout SHE. "FASHION CREDIT HOUSE; Wha NT, et, Sih and Oe aves, ___ pea Evenings. “pWEEKLY } PAYMENTS, ered on Anat pay afitiy eodenatlal es MANHA’ DCO. fu Matdea “awe. tras DrANoe FREE WATCHES..: Banking and Financial. BYR TEST DAU.Y, #2 GOLD GLASSES, KEENE, 180 ) Brondway Old ones taken {n exchange for_new. 80 B fy’s Pure Malt Whiskey you get the genuine. Unser dealers, mindfal of the ex: preparation, will try to iinitattons, and which from reliev- Ing the alek, a ively harm ful, Demand you get If, It in the only absolutely pure malt whinkes which conta medicinal, health-gtving qualitien, whinkoy recognized | by the Koverament as a modicin jn guaranties, The genuine is void oral | rei Gruggists and rovers, or direct, | 106 a MN wai medical booklet contatniny MON out trentmont of divenses, ane testimonials sent free to any wi eh thao at! gTOCKS, ‘BONDS, “GRAIN, COTTON. ' HAIGHT § FREESE CO. Wo will be pleased to send you upon request | Hlustrated “GUIDE TO 9 STOCK AND COTTON MAR- KET LETTERS. lasved gratia, matied free Lodges, Societies and Meetings TIO meeting of ens: Union ig, 1 Ail special E ‘ DARMY, Searetary. Lawyers, GEO. ROBINSON | Spanos 0 Sei See case at (evening NEW CREDIT SYSTEM === Christmas Gifts! Diamonds, Watches, at any of price. telephone. L.W. eels Leading Credit 37-39 Malden Lane Za (In Sto: town Bran’ 256. 258 Sixth Ave. Brookiyn Branch, 467 Fulton St. ESTABLIGHED 1836. One No employer's reforences quired, fda Gallvers. Gall, write’ er on aston 3-50 Pr po Leave Boston $e AL M., 1 P. Me gtk 00, z pee ete BRGE, yabeeoae DANI RAILROAD. (New York.Central & H, River RR. Co.. ‘Traine cave Franklin a Ste. follows, and 1, foot T1104. Mor taterm. potnts, to. | A. M.—() Saratoga and Mohawk Mi—Caleae Repreas MD tor Hudson, Ri pinta a MicPor Byr.,i $Dally, except, | or residence by Westostt re). RAIL OAD... STATIONS toot of, WEST TWENTY THIRD, ESDR AND OO} m2 rhe Hearing time Cortlandt ats. te five. flven below for Twency-thi pers oreo feaping. car itefiusbure to Chicags. No TYPEWRITERS All_makes at 66 Warren at, DIAMONDS, watches, weekly or Tania; towers prices: eaay verren BiaMonD WATCH. 8.108 DIAMONDS ment 18th. $1 WEEKLY [st WEEKLY? "y Gentlemen order. SOLD $1 WEEKLY. Y.; 390 Puiten jonthiy pays saeoitine Broadway. ®. me M. PENNSYLVANIA Lt partment | Sle ining. Goserretion | Care: Caen, ‘Toledo, Detroit, Cinctanatt, RATIONAL | wile. 5 Lau “a CATS Neaweltis la or Toledo, mad Ne, ‘Indlanapols, roan 7, M. burs, * cincinaatts Louis, Dinti BERGMAN, tohes, Jewelry, easy representative ca 14 Malte tan DIAMONDS, ® roliable goods. Diamond Watch TS—Pine diamonds, watches; : lowent ei busines oo PPPLY © Hextracted and filed painlosgly for the most peop! Hervousand delicate methods are dangerous aad painful Spam FULL S QUADRUPLE ATTACHMENT, anaes ee “examinations oF ns 64 which Er rely droppli ity. in Kino Dental bo 05 m. Sundays, 19tos, Sets of Teeth cout, ), s 22-K Gold Crowns, Bridge Work, per tooth, 2 Wither. Gold Filling, 51 and ALL, WORK GUARANTEE! Come and bring your friends porigl OR. ees Open ace i Vatiey Spenangea BOTA 7 M. thdoah Vaile fay Toute. BS See ovELAND AND. SPORE WessoFor Pitubers, Cle elnnati. N AND TH! Ler baie atime St /Dinis payment 1. Bag fpiniag Can) 2 scaarag tS sth Pony a Patt ET it ena Gan ear Ss | HUTCHINSON, R Maaaeer, Gen Passenrer 4 Fillings on biz) fost, Found and Rew: TAsT—On 84 Ave. Elevated. about ‘Whureday, geatlemen's wateh, come, Sighn movement; reward. 390) Woke ee ee i and ith ate tt returged. Addrers T—46i. World “asast MINTYRS—MITCHELE, the Dride's aunty, Ba\eiarere, you will ENTAL PARLORS, EAST 14TH ST. “ arena Re oq, Benpire, at tte ea Mont famsas tates she word. =, iron mutes Lalor the ird at. mation, noted ara MAL. Limited to, tee $S'D. M—THE PONNGTLYANIA SPROIAS chi Pullman Eeers train to ‘it, = EXPRESS. Due cig ieretand, SE Chtetge 1d Be he Stope at ore E31 hours to Niagara to 8 Suey vialsne aberers 6% Bre Se beurre via cpamertrla ante Oee ae acy Ne earn WEST T SHORE: SMIT! E, LAMEERT, Gen'l. Superintendent. Gea. Pane — 10 ally, SRT A mS dat, Sai Tae en sgarolic ahd’ New orleans fone CHESAPDA| ‘8 | ar ear dare 12.69 and 4, 7.55 yap ag ne? ae, end S03 week Gaya. i im, Flamdard Coaches oh, weak Sart ch jundaye. P. % at, AND NEW BNGLAND 3g past Lixe—Pittsburg and Cleves