The evening world. Newspaper, December 22, 1902, Page 4

5 ‘Last Two Rival Plants. Xt Ee grunon ARE NOW ON.| i= ‘Jones & Laughlin Company ‘Willing to Sell if Cambria Will | doin in Agreement — Deal «Likely to Go Through. 3 eine for the purchese or ab- . of the Jones & Laughlin Com- — and the Cambria Steel Company. are the two largest of the steel till independent of the Trust, when they ere absorbed it will t! control the markets of the y States. Tt is sald that the Jones-Laughiln make {t a condition to their ab- that the Cambria Company © should also be taken over. | ‘The latter 's owned by the Ponnsyl- Vania Railway and there is no doubt of dent Cassatt’s willingness to ac- @ommorate J, P. Morgan when he can the same time drive a good bargain his own company. MONEY TO MOVE “THE COTTON CROP Shiprhent South Is Expected to _ Benefit Wall Street by Has- tening Heavy Exports. ‘There was deposited at the Sub- Wreasury to-day for transfor to New Orleans $560,000. This makes nearly $1,- 20.00 ‘sent to that point since Friday “last, and menns that the cotton move- ment from the South is to be expedited York bankers, The present movement of money to the South is ceusing no alarm, be- jeause it is beileved the aid to the gpar- heavy gxports of cotton thus ed will be Kreater than from any source right no: Shew feature of the monetary: situa- was the offering by outside lenders ig mums of ca!l money at rates below offered by the banks. money Was quoted at 6 and 6 1-2 ‘per cent. and time money at § per cent, a CURB STOCKS STRONG. Standard Oi! and Northern Seourt- _ then Lead in Active Trading. Phe outside market was active and wetrong to-day. Standard Oi] and North- @n Securities were the best Issues on ‘the list, the former selling up to 680 and the latter to 110, _ Quotations for the active stocks were: Bid. Asked. 104% HON ‘ecurities rou. @edge Van Brunt arunt Administere the ith in Presence of Full Bench. John Clinton Gray, Associate Judge of Court of Appeals of the State of w York, recently re-elected for a term fourteen years, was sworn Bteragon At the Appellate Di Van Brunt in the presi ———— The Cotton Market. ‘Phe local cotton market opened firm \ With prices 2 to 5 points higher. Livel ables came 3 points higher, ‘This 3 points more than expected and vigorous cover! y shorts in early trading. T Bp 3 to 6 points, holding ereneh the first half-hour, Trading active and large for the holiday Reek, and included some g Bi it orders for Meats and pene Port receipts were ies be. ted at about 20.000 bales ‘ess than January was the strong fea- ture in ae 5 ing prices were: January, Februa ary. £.% to 837; March, rit 8.38 to May, 8.38 to B10 88: July 8.38 to 8.39; rloed at 3 P. . M. were: Decem- manyery, 8.56; March, 8.35; May, 8.22 o te August, 8.19. _ SHIPPING NEWS. ALMANAC FO RTO iaitias ot pinoon rises. 12.29 Low Water. P. AM. PM 749 8.06 823 8.40 #bt 10.12 ‘THE Hin “ror OF NEW YorK. ARRIVED, Southampton + Oalreston » Caleutts < -defivtvon, Nottotx, 2m da. eres, Ot ml STEEL 20,800 Auch, T. a8. ¥ 22,100 eo Top, & 5. jE me fake. a Ono.” Brook! 5 e Fa goa: 80. S2585: vrs bee fadctes saee nee! eRe oe - 100 Long Island 80. 100 Ki & {Dee Moines 31% am Coi Oil de 2000. Ne AUT @& @ ¥ gen do 8000... + 101% 1000) Do a B Gite cen fH Det i a i iand at Sys tascey, OT Erie et aon 4s 15900 FLW a DC ist BOW). Areen Day a W den 7000. Ni Gan 49 1963 lowa Cen Lat KC RB & M An 6000, sesvees 8B 19000 86 Kan City So 3s 10000. 69 1000. 63% lake B&W im 4000 Bh & Atich Cea te + CL eECM * Sere ieeeterer he early market, selling 8 pointe THE CLOSING QUOTATIONS. . Low, Clon Gbares, He 28.) 24:10 Peon 24 “4 46% py Realty fh ital “oven a ape ex div. a, iy. . ot Ru 0 U 34 Sy | Consolidated Exchange Sales. Day State Gai 61 61 | Brookiyn Rap. Tran 1a 18 Canadian Pact . Ches, & Obi 18 ii 134 20g 20 20% 29% Bu 30% BOND TRANSACTIONS, ~~ BoM M0 4 000 115% 119% 5000, G gtd de 200. of its own uonary, and a & park. the on the fi fluenced by Corm—May, Chi Mey, tad Santen 4 People’s Gea oe... fim 9M Son PG, Ck Be Le 80 1.900 Pressed Steel. % ud aie] Fon Railway Stool “pri 700 Ry. Steel Bpring pf. BO 271 rue total salen of wtocka wore 743,500 sbarce os FF fo_ somite: FeSeRSE By 24 “Neal cates of shoais ‘ere 198 200 shares cary Sti TM & Seen 50 south iy Me 0 Government Bonds, Bid. Asked, Fo ic 1s ey 13s CITY an aE HOUSE? Wabington Helg Ky, Piles Petition with The Washington Heights C the Daughters of the Re the city to purchass sion, on Washi | Chicago & Northwestern and the var- piace for the In thts enterprise the Interested won H w encouraged by the success w the women who he application of the Daughters o¢ Revolution was placed on file by motion of the ‘The Wheat Market. 10% (The local ar towday on the reparte that Ar- ather te stitl unsettled and 1 tone displayed. by te together with Com riled steady. urday's closin gentine ahh ring around Sat- ‘At Chleago whe: am, DUL speculative ‘|the stock was advenced from’ 441-2 /neat—May, 8 lo ¢ it J Re *y :|sourl, Pacific, 2; Rock ‘Is! ine prices, CHCME meen BROKERS OUT Good Line in Market Strength- ened by Congressional Doings and Bull News. GOULD GROUP A FEATURE. Missourl Pacific Meeting Expected to Result In Profit to Stock- holders—Vanderbiit !ssues Also Up on Good Expectations. ‘ ee The predominating {Influences in to-day’s booming stock market were the interests in control of St. Paul and American Sugar stock. With a buoyant opening to start the upward swing St. Paul and Sugar, took the lead and held it for the! greater part of the sessfon, both in the volume of the dealings and the extent of the advance toward a high- er level. Brokers popularly supposed to be representing Henry O. Havemeyer, head of the American Sugar Refining Company, took all the sugar stock that was offered and quickly sent it up above 130. So strong was the {s- sue that {t was asserted a big drive was teing made against the entire short interest. In St. Paul Rockefeller and Stan- dard Oil brokers were equally active and bought just as readily at the high figure of the day as at a range two points below, For the purposes of TO BUY STOCKS.) FOR N.Y..NH. &t) St. Paul and Sige Sugar Best of/Report of a Scheme for a Great Station Above the Har- the speculator this was considered evidence of pool support. The adjournment of Congress until Jan. 6 was taken as a bull argument and was considered as making it practically impossible for the law- makers to enact any serious antl- trust legislation before March 4, when the session ends. Stocks which come within the trust classification under the Industrial combinations of the last two years were exceptionally strong to-day. The Steel stocks, Standard O!I, Grass Twine and Virginia-Carolina Chemi- cal all gained. President Edward H. Harriman’s announcement that he had secured for the Southern Pacific entrance privileges in New Orleans equivalent to the Pennsylvania’s tunnel priv- fleges ‘here caused that stock to ad- vance. The pool in Southern Pacific, of which James R. Keene {s the head, was quick to take advantage of such good material for use against the shorts. ‘They were squeezed over two points, and at the high figure the stock was steady. In anticipation of to-morrow’s meeting of the Missouri Paclfle di- rectors all the Gould stocks were strongt and in most of them substan- tial advances were scored in the forenoon trading. Although the Gould directors are scheduled to do no more than de- clare the semi-annual dividend of 2 1-2 per cent. upon the stock Wall street expects other developments in connection with the long-talked-of holding company for the Gould roads. The four rallroud stocks leading to- day's list in activity and the amount of gain scored were Rock Island common, St. Paul, Missourl Pacitic and Southern Pacific. Buying by in- side Interests. was the dominating; ™ factor in each. St. Paul's strength, which resulted in an advance of nearly 3 points, was due largely to the bellfef that John D. Rockefeller will “cut a melon” In that issue early In January, The capital stock is to be increased $10,- 000,000 and stockholders will be given valuable rights. New York Central, the Lake Shore, fous subsidiary lines, controlled b; the Vanderbilts gained from a poli to two points on reports that the various Vanderbilt directors’ meet- ings scheduled for this week would |show remarkable gains, The Vander- bilt lines all show such big earnings that inside buying of New York Cen- tral has been heavy, on the theory that there will coon have to be an increase in the dividend distribution, A group of over-confident bears in American Cotton Oi} lost their Christmas money in a terrific drive against them made by the bulls. ‘The bull faction watched its oppor- tunity, and when it hed the bears at a technical disadvantage it routed them in short order. On three sales to 471-2, Some of the gains scored in the ad- ancing market were: Great Norta- ern, 2 points; St. Paul, 21-2; Mis-|, mon, 2; North American, 3. Unitoa | att States Steel Common, 11-2 York » Central, 1 Bourse ie 2: NO BIG TERMINAL \CHRISTMAS CALL | HOLDERS OF LE | lem River Is Denied by th Railroad’s President. PRESENT PLAN ALL RIGHT. He Decla that the Arrangements Which Are Now In Force with the New York Central Railroad Are Entirely Satisfactory. A report that the New York, New Haven and Hartford Railroad ts about to terminate its contract with the New York Central Ratirosd and establish a New York terminal of ita own in the Bronx has been industriously circulated for several weeks by real estate brokers in that vicinity, ‘Tho precise iocation of the new terminal was even named to prospective purchasers of realty es a tract of land owned and occupied by the Jordan L. Mott Iron Works, bounded by Third avenue and River avenue, be- tween One Hundred end Thirty-elghth and One Hundred and Thirty-fourth streets. Judge John M. Hall, President of the New York and New Haven Railroad Company, was to-day called up over the long-distance telephone at New Haven by The Evening World and asked con- cerning the report. He sald: “This property, along with other tracts, has been offered to the company for a ter- minal, but to the statement that we have conatdered buying !t or any other land for such a purpose I wish to enter an unquitiified denial. Our contract with the New York Centrai Raflroad Com- pany ts of a perpetual character, and while It cight be severed if the com- pany so desired there ts not the slightest foundation for the report that the com- pany will do eo. Our present terminal arrangements with the New York Cen- tral ate eminently satisfactory.” Jordan L. Mott, er., {8 at present trav- elling in Florida. His son njeo has been out of the clty for several days. Mrs. Mott, jr., said: “I know that a bls deal is pending, but the entire matter ts in the hands of my husband. I expect that he will return to the olty late this after- noon.” | That the New York, New Haven and Hartford should, along with the other large railroads entering the greater olty, be looking for greater terminal facilities is @ reasonable argument with real es- tate brokers, The story of the con- templated purchase which would give the company a water frontage upon the Harlem River has had the effect of greatly stimulating values in the ém- mediate locality, beside stirring up prop. erty owners all over the Bronx. There is no doubt that at one time the com- pany looked with favorable ‘eyes upon he propositio: se ee OLD BANK ROBBER ARRESTED Dan Noble Is Discharged After Capta: om Excise Violation. Dan Noble, elxty-seven years old, convicted years ago for complicity in the Manhattan Bank Robbery, along with “Red” Leary, was arraigned in the West Side Court to-day, charged with excise violation In the ‘saloon at No. 889 Tenth avenue. Magistrate Mayo discharged him, Pollcemen Clifford and Heckler, of the West Forty-seventh street station, said he sold them drinks on 6unday. —— Charne a $400 Theft. Mary Hendricks was arraigned in OS this morning. charged with z $400 worth of silverware from the Hotel Werrington. in Seventh avenue, ty-fAtth and = Fifty-sixth Banking and Financial, ENNIS & STOPPANI 4 Stock Fucha Produce Bxcbange { Est. 1895 Chicago Board of Trade. 38 BROAD ST..N.Y, (TEL. 560 BROAD.) Ordera calielted, purchase or sale, cash or ma: STOCKS, COTTON, WHEAT. List of desirable STOCK & BOND INVEST. MENTS; also tally, market, etter giving quota jormation, Hone ane SSTOR COURT, 20 Drench adjoining WALDORT-A: Offices 219 Went 125th St. HAIGHT & FREESE co. STOCKS, ‘BONDS, GRALK, GOTTOR, eur 400-page cloth-bound {lustrated "GUIDE TO INVESTORS," also STOCK AND COTTON MAR- KET LETTERS. Issued gratis, malled free. Interest and Dividend Notices, The Bowery Savings Bank, 123 AND 190 BOWERY, NEW YORK, Dec. 20, 1902. A ert-annual dividend at the rate of THREE AND ONE-HALF PER CENT, per annum has been declared and will be credited to Gepositors ox all mums of $5.00 and upward and not exceeding $3,000 which shall have been deposited at least three months on tho Gret day of January ext, ‘and will be payable on and atier Monday, January 19, 143. Money deposited oo or before January 20 will draw toterest from January 1, 1008. JOHN D. HICKS, President, HENRY A. SCHENCK, Comptroller, WALTER COOGEBHALL, Gecretary. CITIZENS’ SAVINGS BANK, }) CANAL. Sait SLASNAURE DIVIDEND. Dave ordered that interes: at the Bae sr unione ave, ten ye AND ONE-HALY id to -taws and with 5 win drow tutervas trom FOR CASH HEAVY. Rush at the Sub-Treasury by Wall Street Men Who Want New Coin to Give as Gifts. To-day’s rush for Christmas money at the United States Sub-Treasury was the heaviest the officials ha tered this year. Demands for ciean, new bills, gold coins fresh from the mint and for hew subsidiary colns bid fair to break all records, except that of last year. ‘all street has not been as prosperous during the last twelve months os was the preceding year, and the demand for large bills is noticeably less. and brokers gave away not less than $300,000 In cash, Calls for bills of large denominations, ranging from $100 to $10,000, were numor- ous to-day, but more Christinas money in the shape of $10 and $20 gold pieces and $50 bdiils were taken out to-day nations com- than for all other deno: J. P. Morgan is the biggest giver of Christmas gifts in Wall stheet Last Christmas he gave to every em- ployee as a equivalent to the employee's salary for the year. As a result the clerks at fre much concerned to know he has ordered from Treasury this year, The New York Stock Exchange mem- bers have raised a purse which ex- expected to reach ‘ore hursday for the hundreds eo xch have. contributed $3,500, we noon, Stost of tie ‘gina th Wall street take tho" form of ‘cash ceptable gift in the finan- It enunciates with greater distinctness’ ‘than squirrel fur or precious Fine Diamond Jewalry Direct from the Factor), Bimllar Walch, Double Case JS, Solld 14-Karat Gold Beart Pi SOLID GOLD RING, any color stove ASSORTMENT. PRICE MANUFACTURING AND REPAIRING DEPARTMENTS ON THE PREMISES.” foo See 6th Avenue, Cor. 17th St. BONDS PROTEST. Headed by Edwin Gould They Will Oppose American Bicy- cle Reorganization Plan. Recelvers, bondholders and stockhold- ers of the $0,000,000 American Bieycle Company which fallé@ last September, have Inaugurated a bitter war against the proposed plan of reorganizaiion and will contest every phaso of It. The Reorganization Committers, con- sisting of Willlam A, Read, of Ver- milye & Co. Frederick P. Olcott, George F. Crane, Colgate Hoyt and Francis 8, Smithers, has agreed upon this pian: Par for the $10,000,000 of bond and sec- ond preference ‘The $10,000,000 preferred stock to be as- sad $9 a whare and given $59 in stock. Tho $20,000,000 common stock assessed $1 a share and given $44 in stock. The plan has been underwritten and all the cash payments provided for by @ syndicate, ‘The stock of the new company {x to be held under a voting trust for five years. Of the three receivers of the company Col. Albert A. Pope is in favor of the pian, R. Lindley Coleman, former resident, opposed to it, and John A. liller in’ neutral. Bondholders oppose the plan and have named a committee which Includes Edwin Gould, Henry K. McHalg, Vice- President of’ the Bank of Manhattan mpany; Daniel P. Morse, of the Irv- tig Bank, and Lee Sliggins. This committee will iry to change the plan to conform to thelr Ideas. They vant better 3 for the bondholders. ————————— Nevb Yorker Dies S¢. Pani. 6T. PAUL, Minn. Dec. 22—J. (H. Deutsch. a wealthy furniture manufac- turer, of Hornelisvilie, N. ¥., was found dead ‘in bed at the Windsor Hotel here. Death was due to apoplexy. Genuine Diamond and Rich Sold id degely, Yessir mi The Most Desirable Holiday Presents. Direct from the Faston, ssravuemo Genuine Diamond and Rich Solid Gold Jewelry nsrasusnm Direct from the Manufacturer at Factory Prices. *™ 414 GENUINE DIAMOND, no chip, Solid Gold Ring « s.75| ie soup only such goods an will give enti B DIAMOND, no ont, R D TERARAT GOLD SCARF FIN, Tieal Peart. DIAMOND, ‘no obip, Solid’ 14-Karat Gord Brooch ; eT ae ue, ee a nrat All the articles Illustrated are exact size and guaranteed as described. Pach of our stores containe a most complete and very large assortment of Dinmonds, ches, Jewelry, Clocks and Silverware of the newest designs and best workmanship, See ee aE eS to the most costly. Mail Orders Filled with Aocuracy and Pr. yt Holiday Prosents Selected Now Will Be Mesorved: Cadi” LONDON MARKET STRONG. American Rallway Ghares Quiet, with Hesitating Tone. ‘The London market to-day “Was mote erately active, with a cheerful tone | throughout. Prices in general were eubstantiaily advanced and the an 4 was toward a further rise, African milning securities were ‘Tee tionatly hixher and there is rumor of @ considerable rise to com In the department for Amerloan rafl- way ‘securities trading was. dulet tana hesitating. Prices wore tra vanced. bwt Inter in the day Seats somewhat trreaular, MAIL DRIVERS ASK A RAISE, A comsrittes from the newly organized union of mall-wagon drivers has waited upon Manager Bommer, of the New York Mali Company, to ask for an in. crease In wages. They offer to place the matter before any falr committees of arbitration, Drivers of single horses now re: octve $1 a day for working twelve hours half, while men driving teams get $1.50 9 day: The former want their wages rafsed to $1.66 and the vee to 2: day with ten honrs work. Forsythe’s SPECIAL FOR CHRISTMAS. Women’s Gloves, Immensely Superior to any Glove hitherto made, $1.50. Absolutely Unequalled at the Price, Tans, Grey, White, Black, One to Six Pairs in a Box, A Gift always appreciated, OPEN EVENINGS, John Forsythe, The WAIST HOUSE, 865 Broadway, bet. 17th & 18th Sty, 1 Pearls, Solid 14-Karat a8 it” aul as nee Pearle Bai Our high reputation has been sustained for (hs past 40 years by the fine quality of our goods, We mang- facture and Importing all our diamonds and manufacturing al! our Jewelry for over 40 years in our factory on the préin- Joes enables us to offer goods of frst quality at manutaturers’ prices, a decided eaving to the purchaser, tieieay Presents from the inexpens! aatiataction. iS. ntil Wanted. Seamless Wedding Rings,» ana 14K t. Gold, FRBLARE Cs A0-20 eee IS a Solid 14,18 and 22 KaratGold pa « “oa“ j” Ditect from the Manufacturer Fo At Factory Prices.” 4.755 “ 6,50 f° “5.005 6.50 5.50 4.25 Engraving free of charge, AN! rings are guaranteed exact quality an stamped. ea ann renee nen jogue of 135 Pages, Malled Free. !t Will Surely Iuterest You] FINEST GOODS, LARGEST ASSORTMENT. LOWEST PRICES. ores eveninas uxt ir. . = =200 Grand St. (or, etarttge), Corner 12] st St. Chatham Square: 2226 to 2234 Third Ave. 193 to 205 Park Row, Chatham Square. EVERYTHING ce HOUSEKEEPING. Opes, Evenings Until CoRIO TAS. =