The evening world. Newspaper, December 26, 1902, Page 9

ALL THE LATEST NEWS OF THE BUSINESS WORLD. BULL MOVE SENT STOCK PRICES UP Professional ST UCHT' $175,000 CITY'S MAGNATES TO FIX {NEW FIRM MAY ACT JROCK ISLAND CFT TO SUBWAY GAS DEAL IN PARIS] FOR BEEF TRUST. Traders Shifted] Abandonment of alte: Station at About and Rock Island Led} One Hundred and Fourth St. the Choice Issues in a Three- Point Rise. ROTHSCHILDS IN MARKET. Brooklyn Rapid Transit Bought for . Foreign Bankers by August Bel- mont—St. Paul Pool Formed by Rockefeller—Big Orders from West. After a half-day of dulness and uncertainty the professional element ja the market turned bullish and caused prices to advance in spite of #0 per cent. call money. Nearly all the stocks on the list shared in the advance and the rail- road issues were particularly strong, ‘many of them going up 3 points from the low figures of the day. Erle, Rock Island, St. Paul, Cana- dian Pacific and Brooklyn Rapid Transit were those benefiting most from the late turn in the market. The Rock Island issues led 4ll the rest in the advance gained and held. This ‘was due to the strong support by the insiders and the big earnings re- ported. ~In Brooklyn Rapid Transit it was reported that the Rothschilds, @hrough August Belmont, were buy- » ing large blocks and that the orders were being placed through Gould brokers. The foreign bankers’ inter- est in Interborough Rapid Transit was used to boom B. R. T. Spdoulation to-day wes largely of a holiday character, Professionals first bought the market for a turn and then it short on the higher rates for ‘call money. They were obliged to buy them back again at © loss in the quick ‘advance in prices. y~~% Commission wire houses tad heavy f ae x ‘duyitg orders! to-fay from the West and South. The orders were in such lareé blocks that they were largely respansible for the advance. Whe report that the $80,000,000 money pool had placed money in the call mar- ket to-day at 8 and 9 per cent. was offi- cially denied. J. P. Morgan, James Bullman and George F. Baker, who have the management of the pool, were a Saying that, as the object for wes ta Peel was to keep down would hardly lend it a as the highest price of of the week. A feature of the money situation, whi somewhat affected the market, the condjtian of the Chicago shorts in December corn corner. Tha urgent demand for money in Chicago to out the sherts in corn checked @ feturn of money from the tnterlor. nda from the country which have relied on to help the year end exttl foments re therefore slower in esate fn arnd gall rates In consequence ire Shares of the United States Steel Sor- ration were decidedly firm to- oth the common and the preterned pal! traded in heavily. The Street xpects a statement of the year's earn- inge, which will show larger figures than predicted by President Schwab. statement that the dividend on ‘common skool to be pald Wednes- day yi 5 24,636 stockholders as ein: 13,918, the number who Secelved the frat dividend, added to tts strength of the stock, Members‘of the Standard O11 eombina- nation, which includes John D. Rocke- teller and his associates, have formed a | for the management of St. Paul ues, and it is said that it will be operative for a year. né poo's formation at this time is flue to the coming issue of new stock, Which is to be not lees than $10,000,000. fon on ft, will be taken within two a_wide discrepancy be- rices for call jorrowens who There was tween the bid ‘and asked money in the forenoon. etrered 9 per cent. were told they could rt, all they wanted at 12 per cent. For thne m: money was onus at 10 er oat foreign exohange market ster- wit opened ‘cm and higher at 4.8690 and d@emand, and 4.8313 and 4.8325 rant. aixty-day {any Dll. ~\ MERGER IS ABANDONED. Pradential 1 fance Fidelity ret Wit Not Combine. ipectal to The Evening World.) NEWARK. N. J., Deo, 26.—As a result ef the vigorous opposition of certain stockholders and pollcy-holders in the Prudential the proposed plan to merge the Prudential Insurance and Fidellty Trust Companies has been permanently | A ‘abandoned, according to a statement from the former corporation made to- Nlowing a circular letter sent out Bay, Rusontatives of the company iad States Senator John F. "Drvaen, Den den Sorcha the tas concludes that the Weadion of the. arrangement asa Page STEAMER ICE BOUND, Veuse! Thowht to Have Been Lost Means a Saving of That Much by Contractor. CITIZENS MAKE A PROTEST. Point Out that, Although Mr. Me- Donald Will Save a Big Sum, He Has Not Reduced Cost of Work to tho City. It will cast $175,000 to bulld the sub- way station at One Hundred and Fourth street and Central Park West for which the taxpayers, residents and business men in the district have been fighting. This amount will have to be paid out of the pocket of Contractor McDonald if Anthony N. . Brady and Others Will Sail Soon to Look Over Plants in Foreign Cities. Sem!-oMficiai announcement was made to-day that George 0. Knapp, Prealdent; Anthony N. Brady, Vice-President, and Cc. K. G. Bilings, Chatrman of the Board of Directors of the People'a Gas Company, will soon gail for France to inspect the gas industry in Paris, with a view to bringing about a merger of the several gas companies {n that city, The capitalization of the combine, If one is entered Into, has not been de- cided upon and in fact all the details of the scheme -will be aay Fe out after jhe Inapection to be. ma ‘Messrs. Knapp, Brady and ‘Billings. THE .CLOSING the Rapid Transit Commiasion, which | Ehares. 1s considering the matter, decides that the station must be built. The original published plans for sub- way stations contempl: the ereotion of one at One Hw and Fourth street, but after the Interborough Rapid Transit Company acquired the lease of the Manhattan Elevated system the One Hundred and Fourth street station was abandoned after a number of per- sons had invested heavily in'real estate in the neighborhood on the strength of the statement made by the Rapid Tran- sit Commission that the etation would certainly ba built. ‘The elevated station at Columbus avenue and One Hundred and Fourth street was considered sufficient to ao commodate the travel by the men in- terested in the subway and “L' merger. Why It Is Abandoned. ‘The protesting taxpayers and business men declared that the station was abandoned to prevent competition be- tween the two roads. When the station was abandoned the subway managers put $175,000, practically, into the Docket of Contractor McDonald, beoause it re- Meved him of juet #9 much expense. Mr. Samuel Green, of No. 87 Maiden lane,esaid to-day that he proposes to place ‘the facts before the Rapid Transit Commission and the Meyor. “tt the original contract called for the ‘bullding of the etation at One Hundred and Fourth street,” said Mr. Green, “the prica for bulldintg the subway in- ince the mm een the ‘Li’ Janey bgt Sake ‘Deen decltied not to erect Seray ae a tebuct of the whol go very well, for Mr. sebonaid would be Justified in pyting up a e pserest which must prevail Stores to “Gull the (eon pall it the the the vantage mat~ i of a "by enting opposition ir, piatfone~one on sole apace of. ther, ‘L.” B ihe other in tl e determined, however, lon shall be built. Big Investmenta Made, “Fully two CES of golless were ine ve: ation on the irene “ne, aaur- ‘ranait Com- Rind ieeie) Pinate un ine aation would be built. We have interested the Mayor in our fight, nd BS palleye shat he is certainly with Asa eof Commission f think he will be able to giner, gen jomen of ‘the justice of our roti Piecre Rio) Burroughs, of the Ra ‘ansit Commissions confirmed ey the statement chat Contractor Id will have to lor the cost atthe suauen of the Commission decides upon ita erection, Sub’ that mate aa. open the ever of the the Commission to ROUGH ON CABLE SHIP. ‘Trans-Pacific Vessel, However, Hopes to Finish Its Work 'To-Day. ON BOARD CABLE SHIP SILVER- TOWN, Dec. % (Via San Franctsco).— The eventful trip of the cable ship Stivertown will be completed Friday and the first link In the trans-Pacific cable will be laid. In making the Honolulu connection the cable will be buoyed thirty-tive mil During the past twent: 260 knots have been lai total of 2,108 “aneaco. A strong ‘northeast trade wind Is blow- ing, making the sea rough and a land- Ing’ impossible until calmer weather. jot sing! calm day ha’ prevailed Ffoues nears making. a Knots. from San Francs ———— The Cotton Market, ‘The local cotton market opened dull to-day, with prices one point lower to one point higher. With no Liverpool cables to work-on, the market at New Orleans closed and wire trouble, the Now York market was a narrow aftair this morning, but fairly steady in the Ing pressure. Most of the eta was along professional lines r resenting a clean-up of accounts val ried over the. holiday. he weathe! map disclosed very col id but clear condl- tions in the South, with still lower tem- perature pressing ‘down from Northern sections. one rigs Price were; December, Bi off t R red EI july, Eig hae stad ptember, Em otter The ois, 2.30" a Were: Da- Febranry, SHIPPING NEWS. ALMANAC FOR TO-DAY, »7.3318up eeta.. 4.271Moon Fiona. Gun risee., 7.2218un, sete, 45 L 42 High Water, Law Water. PORT OF NEW YORK. ARRIVED. SuTGOING SER AMSHIPS, Sapitane. fee Tove ‘Charleston, inooaing, STEAMSHIP. DUB TO-DAY, i$ Beri FER Sag BA SBS, EEE FEE stine Sie a sBE2 22 e853 i> as +a e ESRISREES: FerE SRSSBS" eee 23 me re SAR z, 5 33; # oe : ‘alos BBet Y., 30.000 Ontario ahi Peoploe Oe 1,000 Preseed Stee! ssearelgassieus ts asusese ggeaaes¥sessgeuns Ft Farts * Am Bicycle Se 2% ‘ m2 i ‘MMe At Top & 8 F gen 49 5000. 103, 5000: B f 102% x prior 102% ee n 8h Line pc & par a Es OD Opseseee fa) ze =e BS esepressereree? Morris & Co., with New Jersey Charter, Declared to Have Been Formed for Big Packers In the Incorporation of a $3,000,000 company In New Jersey with the title of Morris & Co. the tnteresis connectel with the proposed big packing trust are anid to be fdentified. The new company fas a charter which authorizes {t to do a general banking business. It Is said to be associated with Nol- son Morris & Co. and that it is really the big Chicago firm Incorporating under the laws of Jere so that Jater it may be utilized in tne bigger scheme for combining ali the great packing houses. On: the tenes Danking firms in Gh street is said to financing the eal QUOTATIONS, High. Choa. aM 21% 86 4 Ebares. Low. 11,900 Rock Laland pf. ae eB SaeSNse says, FESS 3 Sggeasetey : esas: is 33 idan Le M6 BMY abt ats Consolidate: change Gales, Amalgamated Copper . Be “ou oi % ON Amer. Car & Youndry, American Onton Ot! American Ice Co... tsigzs Baltimore iN Brooklyn Rapid Transit it ‘Cunadian Fests A 130" Cacsapeake % | the month saw call money quoted at ‘The total sales “y poses were $2,494,000. Government Bonds, OUTSIDE MARKET DULL. Carb Brok: Give Attention to A payments CHINA DISPUTES MAKES CHANGES, R. R. Cable Gives Up Chairman- ship of Directors and Is Suc- ceeded by Daniel G. Reid. - | . Important changes in the Rock Is Railroad management were made public to-day. R. R. Cable, for many yeara Chairman of the Board of Directors, has resigned | thet post, and deen elected Chatrman | of the Executive Committee. Mr. Daniel G. Reld has been elected | to the Chairmanship of the Board to| made at the solict- tation of Mr. Cable, who has been anx- fous for some time to shift the burden upon younger shoulders and yet retain Pereofal oMcial interest in the corpora- tion, He will spend the next few pos in Callfornte. Mr. Cable ia seventy years old, cy after a Yong oareer in activo business believes that he should take a short rest and Ughten his labors. Danfél G. Reid, the new Chairman of the Board of Directors, is several times | a Seat He has a id Uses) ies nue and has been ot the Board of Directors of Spock | tle and for eome time. ‘The changes announced are prelimi- Sorel jopments in in the coaeine on ot ‘Te controls now over 9,000 miles of in the West and Southwest. HIGHER MONEY THE WORLD: FRIDAY EVENING, DECEMBER 26, 26, 1902. ONeill’s Five Thousand Misses’ and Children’s Garments at Less Than Cost of Material and Labor. 250 Misses’ Jackets, loose box effects, made of fine kerseys and cheviots, colors tan, oxford, blue and black, heretofore $14.50, Friday and Satrdaystecuccecetl Gescacsegumueientenines 250 Girls’ Long Coats, with top capes and belts, loose effects in tans, blues and sizes 6 to 14 years, heretofore $11.50, Friday and Saturday. covert cloths, with top ““ Overcoats RATES LIKELY. Year End Payment of $140,- 000,000 in Dividends and In- terest Will Send Call Loans Up ‘Wall street bankers announced to-day that complete arrangements for the traordinarily large dividend and interest payments due next Thursday had not Deen made, and that high call money rates are likely for the next week. Bfonday, Tuesiay and Wednesday are the days when the flurry will be most severe. Last year the last two days of 3% per cent. and it was even dificult to get # at that rate. With the $50,000,000 money pool behind the martet, it 1s not Ikely a panic will come, but bankers Eset a severe moustasy, period for days. The estimated dividend” an “interest due Thursday aggregate $140,- which is a record payment. fe ex. to show a@ loss in cash, but thi: | explained by en large transfers to an ea tom: thd import duties of the week. um GOLD CREDIT RATE. Powers Insist on the Market Price in Payment of the In- demnity Claims. Officers of the International Banking corporation, which {s the fiductary agent of the United States in the col- lection of the Chinese indemnity, sald to-day that the report that China would pag the next instalment in ¢liver is misleading. ‘They said that all the payments s> far made have actually been paid in silver, because China has no gold and no means of obtaining it. The only question in dispute between Chine and the powers right now, is in regard to the gold credit to be given for sliver payments. Chine contends that credit should be given at the rate of exchange stated in the/ protocol, while the powers insist the actual market rate of exchange at the time each instalment ts due should control, It was also stated by the International Banking Corporation that the ativer paid to the Bankers’ Commission ts not sold in the ope market. It Is loaned on the market anghal and ia invested in commercial and bankers’ bills for remittance to Kurope and the Uaited States. The Wheat Market. The eat market to-day opened mod- erately active, with sentiment bullish. Prices. were advanced on the cold- weather map and local ghorts were alarmed into momentary coverings. The Weather map had little effect on corn, which ruléd steady and New York’s opening pr! Sew wheat, 81 1-8 to 81 1-4; Jul: + December, & 1-4 bid prices were: July, 74 Decembei ths cloning acl —Decembder, & 1-2 Star 3 offered; July, 787-8 offered. Corn—De- cember, 84; January, 1-2 bid; Febru Stenderd O11. ‘The outside market was dull and fea, tureless, Gtanda shown. Quotations for the active issues were: is Ot} leading in the strength with Northern Securities and |-Decem ary, 6215-8 did; March, 61 1-2 bid; May, # 1-2 offered Chicarors Josing ‘prices, w nde 1 18 bid. Cor ry, 4 8 muy, at 0 Three Years Who Robbed HENRY SATIER: A our four stores to-day or rwhkk ‘g) OUTFITTERS 47 Cortlandt St., 213 and 219 Sixth 125th St., Co: Banking and Financial. Convenient Stores. 200 Girls’ Gretchen Long Coats, of heavy dark c collar, heretofore $6.75, Friday and Satur- Sixth Avenue, 20th fo 21st Street. ij $8.75 rowns, $6.95 es and velvet | $3.98 and hat To-day and to-morrow we will offer at our four stores a lot of single-breasted Sack Suits in neat Bite fancy designs, and a lot of exceptional value in| Winter Overcoats, all this season's make bi and style, at the uniform price of $10.00. Any one wishing a Suit or Overcoat of exceptional value should visit either of 10=: to-morrow... TO MEN AND BOYs. Frother 279 Broadway, near Chambers St. bet. Church and Greenwich Sts Ave., bet. 14th and 15th Sts. 3d Avi For Sale. Siegel, Cooper & Co, Private Bankers, 6th Ave.,/8th & 19th Sts. Interest at the rate of Four Per Cent. per Annum credited to depositors on January”24, 1903, for the three, four, fire and alx months ending December 31st, 1902 on deposite from ¥5 to $3,000. Payable on or after the third Monday tn January, 1903. Deposita made betore the 10th day of any month draw tnter- est for full month AU deposits payable on de- mand without notice, Hours9 AW. to 5.30PM. JENNIS & STOPPANI §Conaniidated Stock Exchange ) Members } New York Produce Excbange ( Est, 1885 Chicago Board ot Trade 38 BROAD ST., N.Y, (TEL. 560 BROAD.) Orders solicited, purchase or sale, cash or margin STOCKS, conan WHEAT, List of desirable eT rateasie pant oe apnlication ions 404 STO COURT, 20 W. 34th ‘Se, Fitch? WALDORF. stan OD Went 126th St. CO. STOCKS, ‘BONDS, GRAIN, COTTON. ‘We will be pleased to send you me reqt our 400-page cloth-boun {Nustrated "GUIDE TO RS," also STOCK AND COTTON MAR~ T LITTERS. Lesved gratis, mailed free, Interest and Dividend Notices. HAIGHT & FREESE F CREDI EVE EVERYBODY. FOR MEN AND WOMEN ON EASY Oe 'REKLY OR MONTHIY PAYMENTS, AVE., NBAR 125TH hg RD A Hi COLUMBUS AVE. NEAR lowrH 6 BUSINESS CONVIDENTIAL. OPEN EVENI NEW GEL SISTEN amit racy GREDIT HOUSE, “Open ‘Bventa La _ We Give Credit. | g:"7utalt Clothing for men, women and chti¢ren at lowest Ci that yo wit Prices and take your word lor it will pay as arti pea an account no, becurity ty Fequiced. Bosinees coal: STANDARD Ol OUTFITTING CO., 112 West 14th St., Near 6th Ave. qoaraa- seas “imitated delivery; business con® tential. or telephone, JAMES BENGMAN, Diamond silver F prices, + EE TEST DAILY. 33 GOLD GLASSES. 1. KEENE,’ 180 Broadway TYPEWRITERS ,, 22.) AM makes, 66 Warren, N.Y. ; Sp Pa phe and ehil~ tial, Addreag Y 465 World, nt ene DIAMONDS, watoht lowest prices; delivered on ‘Sret payment: take elevator. Manhattan Dia- mond Go. 37,Malden lane. DIAMONDS,” watches, weekiy or ‘monthly The Bowery Savings Bank. 128 AND 130 BOWERY, NE YORK, Deo, A semi-annual dividend THREE AND ONE-HALF NT. per annum has been declared and will bo credited to depasttors on all sums of $5.00 and upward and not excewding $3.00 which whali have been deposited at least thre months on the first day of January and will be payable on and after Monday, January 19, 1903. Money deposited om or before January 10 with draw Interest from vanuary 1, 1903 JOHN D. HICKS, President. HENRY A. WALTER CC ‘CITIZENS’ SAVINGS BANK, 3 BOWERY, COM, CANAL & ast NNUAL DIVIDEND. ‘The of ‘THREE AND ‘per annum be paid to depositors’ on and 1Veh oa all sums of BG and hres or six moaths endi in accordance w HENRY HASLER, President, si Se sR, ee nisin witb tA 3 necontative calls in SYNDICATE WATOH CO. Help Wanted— Males. COLORED MAN to work ip. ¢ carry out Apply 208 PULLEI ANTED on hapd-method jart- ing machine on women's, misses’ and children's McKay work. Dalton Shoe 3{6. Co.. Darton, Mase, ay ore, and hen ot GATELY.—on Dec. 2%, of pneumonia, MARY KEANE GATELY, deloved wite of Philip J. Gatel; Relatives and friends are tnylted to attend the funeral from her late residence, No, 312 Eare 119:h st, on Monday, Dec. $9, at 10 ‘A. M.; thence to Chureh of the Holy Rosary, 119th et, near Ist ave. where a solema requiem mass will de offered tor the repose of her soul. MILLER—Mra MARTINIA MILLAR, residence No, 59 Mangin sed 0 yearn Patents. promptly procured; HONOLULU, Deo, 17, via Victort Bat 3. Fear oa ess 8 Barts Oahu suse AEB. EDOAR TATE & CO, Patent Attorney FR Dreadway. Lost, Found and Rewards. Funeral Sunday afternoon. RUSSBLL.—At Boston, Mams., Dec. 18, 1900, After a lingering illness contracted at the American Exposition, Buffalo, HARRT B. RUSSELL, deloved husband of Lady Inols ‘Douglas-Hamiltom, of Sagland, én the 30th year of hip age. NEW YORK ENT a & HUDSON RIVER @, & ” {nn sity Mie a Ceonerad ter leaving Grand A, suthvond . aod the pres” Non. 28 and 88, ‘will, stop at iaoeh, Be Jnutes before arriving tlm at Grand A. M.-tMIDNIGHT EXPRESS, Dus Batalo, 16 Cleveland 4.38 1 .00 Boe Fagin 30. Ted Re stone LIMITED. Chica a a oe spalia WESTORN x XP AESS, 28 boure J tea both L. &, nmnosiDACK. ‘MON. REAL ) EXPRESS. oe Fulton Central Cab, Service hotel a> NEW “YORK” cepa ROUTE NEW YORK, BOSTON AND NEW ENGLAND, Xin SPringteld and the BOSTON AND oo NY Gi ayeuve and aa street, Nor tarts 8 39,00 A. 112.00 M., M., err 5.40 ‘ ¥ ees ick Ne ina is peter ao ne ; AH us GEORGE H. DAI juperintendent. Gen. Passenger weet SHORE RAILROAD, Soratowa prt el or . H, SMITH, LAMBERT, Agi Superintendent. Gen Fase Agent ——————e RAILROAD, RTATIONS foot of WEST TWENTY Tee Oe and DESBR ND CORTLANDT fe ate eeving, ange, ata. minutes tater thee, Y we for ‘Twenty «bird ‘tion, ES ot Ctherwies noted.” ~ Ao past Maite Limited te cae ping, Car, Pittaburs to Chlcags. He ats ‘M—FAST LINB—Pittsburg ané Clever 0.55 A.M PENNSTLYANLA i ‘Obdservatio: (ets ie pneae Cineinuatl, ee THE PENNSYLVANIA ‘rain to ‘Chicago. Pollman ‘Observation, Drawing-reom, Dining and Dullet Smoming Carn, 55 FP. M.—CHICAGO st. fay . Dining, Cat) Roar (Car), 8.38 a, Car and 12.05 BM. weak te a 7. Sig 8 oa Sun‘ Pennsylvania -