The evening world. Newspaper, December 27, 1902, Page 4

, ACE STOCKS LAG ‘St. Paul, Louisville & Nash- Rock Island and Steel est Issues in Market that fas Irregular. HE CONDITIONS FAVORABLE. _ Promise of Easy Moncy, Increase of Exports and Absence of War Talk - Thres Leading Factors—Gates Back a Bull—No Peace in Copper. "s market opening was active y irregular. Some of the ac- Igsies showed advances, but for the part the initial quotations were ‘ear the closing level. Elimination of the Venezucla incident, continued inflow of currency from iol Mnterior and the Increasing exports Bae patie, to make the speculative fecl- Dullish, but money rates narrowed ‘market. Wall street wants to be bullish. It ‘the sentiment and the tendency. Mt lacks is the money. That it wiil fn Sufficient volume soon, it Ia sald. this is made certain, the higher for which the street has been wating 80 long will prevail. ) period of monetary stringency is Asserted to be so near an end that, the January disbursements are ted, thera will be no trouble as money ‘rates. ‘ son St, Paul, L. and N., Norfolk, ‘ bland and the stee! shares were and firm, although no big ad- vances ‘were scored. Union Pacific was ivan fractionally beyond par on report sd the coming conference be- Edward H. Harriman and_ the workmen, Reading and B. R. T. tly lower, Metropolitan’ Steel dost 1-2 polnt in a singie trans- thern Pacific ruled strong, ile the hard coal roads were also “V@hatrman Danie G. Reld, of the Boara ‘Directors of the Rock Island, signai- pete Ais election by announcing that the ee earnings of the rond for November Unless foreign spinners begin to call for much larger) due to the exceptionally heavy crop movement during shipments of raw cotton then they have been doing the first six weeks of the season, and the promulgation during the past month, the exports of cotton this year) cf crop estimates of 11,200,000 and 11,500,000 bales by A. will not nelp much in reducing the gold shipments|J. Buston, of Liverpool, and Henry M. Mill, of New Or- which will be made to keep the balance of trade. ee, bales during a corresponding period last year.. shows @ decrease of 73,349 bales since a year ago & and is THE WORLD: SATURDAY EVENING, DECEMBER 21, 1902. LATEST NEWS OF THE B POTION EXPORTS SHOW LOSSES, BUT GOOD TURN IS EXPECTED. Expert Price, While Looking for Better Conditions, Tells the Harm Lagging Buyers Ave Likely to Cause—Falling OF Since September. leans, respectively. This is the opin- “Eearly in the fon of Theodore} those of last year H. Price, the cot-/sion among foreign spinners caused by the reports of tone x pert and | Fertous damage to trader who is now| draught. offering to loan! places on notices | larger. The move! for the delivery of| would indicate a January cotton, in| 11,000,000 bales. price. “The total ex-| since Sept up to date amount, to 3,140,515 bales,” the existing short said Mr. Price,! “as compared witty of the crop, which rns | “It is to be hoped that the exports will soon become Without doubt, anticipation of a will become anxious and will buy at least enough to big advance in/ fill their contracts instead of following out their | present hand-to-mouth policy. “In regard to my offer to loan places on notices for ports of cotton, | the delivery of January contracts, I wish to explain that tember | feel perfectly safe in doing this, as I am sure that the present price of January contracts is disproportionate to vance before the time for delivery. “There is still much uncertainty regarding the sizé 3,218,864) 11 500,000 bales, but considering all the factors in the market, I am confident that my prediction of a substan- tial advance in January cotton Is correct.” season exports materially exceeded as a result of a feeling of apprehen- the crop by an oxtonded and severe ment is very small at present and crop of far less magnitude than the English spinners interest, and I look for a great ad- has been estimated at 10,200,000 to HOLDING COMPANY Admitted Now that Morris &| Co., with “Blanket” Charter, Will Act for the Big Packers. The new packing concern of Morris & Co., Incorporated in Jergey the day before Christmas with a capital of $3,- 000,000 and a “blanket” charter, 1s to be a part of the giant Beef Trust now be- ing formed. In Wall street banking circles, where the capital for the $50,000,000 of the arent packing concern is to be raised, st was explained that the new Morris & Co, 1s to be a holding company for the taking over of all the subsidiary plants controlled by Nelson Morris & Co., of Chicago, and of making {t easy to trans- fer the Nelson Morris & Co, stocks and securities to the trust holding company when the latter 1s incorporated. It was sald by bankers that the firm of Nelson Morris & Co. was simply fol- lowing out the plan of Armour & Ca, which some time ago secured a charter from New Jersey. Swift & Co. and the others in the big combine are expected Mkewlse to take advantage of the New Jersey law, 80 that when the time comes to exchange their various securities for the stock of the holding company ft can be done without delay or litigation. When the present Rock Island man- agement evolved Ms pjan for reorganiza- tion, which has just been successfully carried through without a hitch, it ss cued Jersey charters for its new com- pantes. This is what the Beef Trust proposes to do. THE BIG BEEF COMBINE HAS |LITTLE STORIES ABOUT MEN IN TOWN. ey W. Prince Claggett Chosen Poet-Laureate of the Produce Ex- change—Financier W. H. Moore Is Building a Church for His Great Grandfather's Parish—Grain Broker Anderson Fowler Initiates His Six Sons—Edwin Gould to the Front in Wall Street. By a unanimous vote W. Prince Ciag- | gett has been chosen poet Jaureate of the | Produco Exchange. Grain traders who heve known him for ti past twenty years assert that they have never heard him give voice to an unkind rem: about any one, and his wonderful abil- ity as a poet as well as his success In the grain pit have won for him the admira- tlon of all, When asked recently how membership tickets were reling he re- plied: “From Greenland’s icy mountains From India’s coral strand, Come orders from obtsider! By Jove, it beats the band!” ee Unlike so many business and profes- sional men who see no prospects for thelr sons in the occupations which they’ themselves have followed all their lives, Anderson Fowler, the veteran trader of the Produce Exchange, be- lleves enco' siz sons ay eid ng up the old firm of Fowler B) mitting them all partners. He has sireagy initiated his eliest son, Alexan- Fowler, to the mysteries of the Stieat pit, and ts only awatting a sult- able opportunity to introduce the re- mainder of the sextette to science eer manipalating and reaping the benefits “corn one Are oH. Moore, head of the alc ite whieh has made ne Rock” tala road one of the lead THE CLOSING SING QUOTATIONS. MINERS IDLE, COAL [BANK FIGURES Sighs and, for the, Inst, fve ol jot iv. result was in- fh {n tho issues” and 4 ‘demand from — investment Qeateers Within ten days the common has advanced 12 per cent., lurgely iwesiment buyin; ‘Standard Oli representatives, who also dominat the Copper Trust, caused a ) decline in the prices of the independent “ atocks by officially denying the existence of by peace pact between the Amalgamat- y and the Heinze int Muresuy identified with the kefellers announced that the copper jation was precisely as it was six ago and that the question of for a mutual peace agree- never been considered. ‘The return of John 'W. Gates to the was coincident with the appear- a@ circular Issued by 1 dPating upon the ble earn Louisville and Nashville and an nese in the dividend an early date. and his associates of the W. "i to be di bullish and to market position. They are credited ee of ‘of ihe pool movements of the days. ‘ea the pane fatement would ount because of fhe maturing of some Se Loa led to reailaing sales first h fradefs took the view, however, that dof the year was ‘so near it fe Uittle difference what the showing tbe, as it would show only the tions due to the year-end settle- Banks received “from the interlor 35,- 70, of which $20,000 was transferred rough the Gut-Treasury to San Fran- ‘And $2,025,000 to New Orleans. ‘The srecelved {rom the Sub-Treasury on Government disbursements $16,494,700 mee to the 8Sub-Treasury for cus- toma ee 4 $16,570,000, = eae Bae _ HOBOKEN FERRY SOLD. pt + RR, Presumably the a Neesknce | The Hoboken Ferry and tts properties, red some time ago by the New “York and Hoboken Ferry Company trom “the Stevens family, which had owned it ) for years, has been sold, presumably to Lackawanna and West- “The Stevens family operated the ferry the Hoboken Land and Im- mt Company, controlled by ~ Afterward it was acquired by interests, headed by Mr. Ros- dge, and incorporated as the pre New York and Hoboken Ferry ne D 5 from, pa atr a ey ck property fal tose te ee e company Fal Been | sone oa the sto: as SHIPPING NEWS. “ALMANAC FOR TO-DAY. [.23|8un_ gets...4.38)Moon ; 231 att Ae Tse. 4.16 ee se Low Water. Ae Pe * tf 48 eho Gas 813 8.4) G PIUAMBHIPS. i Eersaean 300 Chie. 4.600 Chie, 200 Inter. mt, au M. Pape: pay 100 Keokuk "bes 100K. C. Southern. tok. 100 L. | 1,400 Toute. 800 Met Soutnera pf. ay Securities. 1,200 Manhattan 1409 Metro 20) Nat, 200 Nat, Blacutt pt. SBSBS, « "Rec ate ot "ae BRS: ae iar Chae ee Bee Ets eB Ae eereee =. sayetaess: t+ FerE FE a3, Ets iBpauvaeisa cae goagheei saee Low. Clos High. gt 1,000 Rock Island 2.000 Rock Jalaad pt or 0) Rub $0) Rubber Goods "pi 200 Slone-Sheifield 8,800 Southern 4.090 Southern 100 Southern 300 St. Jo, 200 St. Le big AA Ht Ms il Brey ey OM 589 40 wy ay — aeecaec BESS9S35SSSS 882 2E8e= 23222 204 tral 63 ‘The total sales of stocks were 374,100 shares, Consolidated Exchange Sale: Open. HIgh. Low. Closs 63 ama: ol MN is 24 Moar e a e Founy: 152% 208 156% 103% 83 [eal hy a bs Te 40 1094 16 56% a 26% West Union tts & eal eat 104% Whee EB coat 2000. ‘The total wales of bonds were $2,858,000, 6.108 TORN te coup... IO NS ne joule © ree an. Tey iat 1OEN be rag reenter 100%ID. Ode Bes MISSOURS! BANK IS ROBBED. Bergiar ans $15,000 Govern Bld, Asked, | 109 ‘A apectal to the Post Dispatch’ trom Union. Mo., says the Bank of Union was robbed of quoralng. Senne fore SUPPLY DWINDLES Failure of Men to Return to Work Cripples the Collieries) and Adds to Fuel Famine. (Special to Tho Evening World.) WILKESBARRE, Dec. 27,—Not #0 per cent, of the normal output of coal will be mined and sent to market to-day, so the operators report. The lack of workers Is causing this, The foreign: ers continue their Christmas celebra- tion and are not expected to end it until after New Years, It being their custom to kep It up for that time, This morning about 60 per cent, of the normal force reported for work, and the workers at some mines were so few that work was not resumed In ‘the breaker, although some men we sent into the mine to cut coal so there | will be a supply on hand when the! breaker Js run. ‘The demand Increases hourly, The sales agents at the dis- eribut ne: points I upon coal. being atipped to pr further suffering, ee oie available ton being Tushed to market the loss eauscd by the idieness of Christmas and ye: terday cannot be made up and the d mand will continue to Increase, It will be after New Years, timated, before the normal ‘output 1s again reached and then, If the cold wether continues, ft will be months be- [fore the output overtakes the demand. a COAL PEDDLER A SUICIDE. He took Carbollc Acid on the Street and Died in Hospital William Carey, twenty-four years old, of No. M7 Pine street, was found at Centre and Grand streots to-day suffer- Ing from the effects of carbolic actd No bottle was found, and it Is supposed that he threw it away in the snow. His lips were burned by the acid and he showed every symptom of having polaon. We” was curried into “Witte'a aloon, and afterward removed to the City (Hospital, where he died. Carey had ‘a horse and wagon, with which he delivered coal. Ho applied re- cently for a position as conductor or motorman on the Brooklyn Railroad, and his application had bees favorably considered, but he had not ye been appointed. June. it Is es- Helghts He was married Jast |} FAVOR The bank statement was a favorable surprise to Wall street to-day, a de-| crease being shown {n loans and in In- crease in clroulation. ‘The figures given at House wer Reserves on Reserves on all FIRE DESTROYS STEAMER AT SEA. Crew Saved at Colombo from the Mombassa Which Was Bound for New York. the Clearing: | 1 deposits, decrease... th 91,544,400 depoalts other than LONDON, Dec. 27.—Advices have been received here to-day that the Britiah steamer Mombassa, bound from Cal- feutta for New York, was abandoned on fire Dec. 23 in latitude 15 north, longitude $6 east. The crew were saved and were landed at Colombo. The Mombassa_ wi owned Glasgow Navigation Company, Limited (Maclay @ MacIntyre), of Glasgow. She was built in 189 at Port Glasgow, ena was oF 2,539 tons net register. CURB STOCKS FIRM. Northern Securities Sought in the Outside Market. In the outside market to-day North: ern Securities opened firm at 111, while Intermational Mercantile Marine sold et 18 for the common and 50 for the pre- by the LONDON MARKET ACTIVE. Americans Close Steady at Frac. tionally Advanced Prices. The London market to-day was active and cheerful after the holidays. prices throughout Inclined to buoyancy. Sentiment was strong and every aeems to favor a strong market for some time to come, South African min- ing securities were fractionally higher and in god demand. Contangoes for settlement were 61-2 to 6 per cent. Tne was steady in all e partments ing in the department for Amer ican railway securities moderately active, with prices trregular. ‘The changes were only fractional and in most cases a shave In advance of the final figures at New York yesterda: PLAN GAS DEAL IN PARIS. Anthony N. Brady, George Knapp and K. G. Billings will sail for Europe ning to Investigate a proposition been made to them by French to combine all of tho gas nies of Paris and place them . Brady is very Reavy, interested in Chicago, and is also in the Consolidated Gas Compan; of this olty, which js controlled by the Standard Oil Company, Mr, Brady eald: here tg really nothi: to aay about our plans at present, We haven't any of the details worked out, and we really do not know yet what capital 1 be re quired to carry out the deal.’ THIS BOOZE NEVER BOOZED. 10h ‘That ls Why He Was Named as one day: Postmaster, WASHINGTON, Dec. 27,—Robert Booze was sprstates postmaster at Hoo) erstown, M Ip eald thee Ste. Booze never took a anak in his iif si Humbert Ie Not octet hikeiiar} Dec. %.~The STRIKERS TO SEE HARRIMAN Magnate Will Discuss rievances with Men Here. Edward H. Harriman, President of the Southern Pacific and Chairman of the he | Board of the Union Pacific, will meet on Monday at his Wall street office -|heads of each branch of the Union Pay clflo shopmen who havo been on strike for the last six months, Representa- tives of the striking employees will reach New York to-night, and on Mon- day will meet Mr. Harriman, It 18 ex- pected that the conference will result in 4 qulck ending of the strike and a satis fagtosident Bent, of the Union Pactfte, who was to have started ¥, Will remain here to Join in the confer ence. $< ‘The Wheat Market. ‘The local wheat market opened ateady to-day, but there was very little dusi- ness carried on In wheat, and was with- out feature except continued steadiness. Shorts bid December corn at 4 1-2 at the start, or 1-2. cent above last night’ close, Dut they did not succeed in get- ting any. Later the price of that opi advanced 3 1-2 cent: foushel on only one trade, January 1-4; Feb- puary, 3 nd Ma; unchan; oy from vast ‘night: ing in Decem rn was finally carried on, seMing at 68, cent higher than yesterday's close practi 41-8 cents’ rise in ¢wo was w remained un er Xor oe we Wheat—May, a 1-4; “ti Dee er, 84 1-2 Did. Gorn—ianuaty, st a bid Muy, 481-2 Bid Pericamsis. pent Wheat canoe 0 aha, a bee oh har fale was to 13 Sato BEI sa he Jan- Clearing-House Statement Shows Decrease in Loans and Increase in Circulation. TRADERS. United States, decrean 18, |specte, | Lowa S832 ZE8822 Burpluerone year Surplus two years ROCK ISLAND REPORT GOOD. Rallroad’s Net Karnings for Year $20,039,000. ‘The report of the Chicago, Rock Is- land and Pacific Railroad, made public to-day, shows that for flye months to Nov. 80 the gross earnings were $19,739,- 599, and the operating expenses $11,697,- 68, while the total net earnings were $8,724,517, Fixed charges, including 4 Per cent. on $75,000,000 collateral trust bonds amd $52,500,000 on the preferred stock for the year are $11,760,000. ‘The total net earnings for the year are $20,939,000, which will leave a surplus of $9,179,000 for the authorized kssue of 375,000,000 common stock or 12.23 per cent. President | Leeds, Chairman Daniel G. and the Moore Brothers, who have Tehablittated the 9,000 mile system. pro- dict till greater earnings when the Im- provements are completed. Banking and Financial. PREPARE NOW FOR JANUARY ADVANCE, STOCKS ARE AT AN EXTREMELY LOW LEVEL AT PRESENT. THE CAUSES WHICH DROUGHT THEM DOWN ARE GRADUALLY DIBAPPEARING. | MONRY 18 OBTAINABLE NOT BECOME UNDULY HIGR, BUT SHORTLY WILL. BECOME EASIER. THE DE- CUNT IN CEREALA 18 STIMULATI x FORTS OF CORN, WHILE A, COMBINATION HAS BEEN FORMED TO EXPBDITE EXPORT OF COTTON: RAILWAYS ARE CROWDED WITH TRAFFIC AND BUSINDSS I8 ACTIVE. Stocks will m January ‘We proffer our services as Commission Brokers for execution of orders, in all amounts, oither peeower cash of upon most moderate mar- ing Sprocis, BONDS, GRAIN, COTTON. OUR 400-PAGE “GUIDE “DAILY TO and MARKET INVESTORS” LETTER.” both of which we tsaue tree, upon request, wilt * fnveetiae eat of a Juatnoce Raper A ad nveetma ent ‘operation. upon PONDENCE SOLICITED. HAIGHT & FREESE CO., 53 Broadway, NewYork. svorsiutlity of yout Broser' ia ae: lnipertent. ad of your Broker in aa. impertant tion of Fight. stocks, eri Interest and Dividend Notices. Siegel, Cooper & Co. Private Bankers, 6th Ave., 78% & 19th Sts. Interest at the rate of Four Per Cent. per annum credited to depositors for the three, four, five and six monthe ending December Stat, 190%, on deposita trom $5 to $3,000. Payable om or after the third Monday In January, 1908. Deposits made before the Youn dey of any mouth draw tnterest tor {ull month, lt deposits payable on de~ mand without notice Hours 9 AM. to 5.30PM, SSS eee CITIZENS’ SAVINGS BANK, the railway group, ts butlaing a church |for the is groat-grandfather & parish comes In ihe surprise to the members of the little congregati Richford, N.Y. Se coe Fawin Gould, who ia leading the oppo- sition to the reorganization of the Amer- isan Bicycle Company, has within four years developed into one of the fore- most young men in the financial dis trict. Head of a nationa) bank, director in goxeenl\ others, President of a 1S and of @ trust company, Mr. Gould working ‘fh rder than many of his employees. methodica] in his Yabors and is ees at his desk by 9 The magnate nature of a Christma: o'clock. Just Say ‘ INSURANCE HITCH OVER TILDEN HOUSE Samuel Untermyer, Who Now the Policy He Wants. (Special to Th Evening World.) WHITE PLAINS, N. ¥., Dec. 2a, Samuel Untermyer, who owns Greye stone, the home of the fate Samuel Tile den, on Broadway, at Yonkers, to-day office here to the effect that he was unable to get the insurance he desires on his Broadway property. He does not give the reason of the Insurance company's refusal. Samuel Hayward also files an affle, davit that he cannot get his property, on Main street, in the sured. ‘lm Sick” And I Will Send You a Way To Get Well. Just write a postal card and tell me which book you nee@, That is all. i) Then I will send you an order—good at any drug gtore— for six bottles Dr. Shoop’s Restorative. month at my risk to learn what it can do. cost is $5.50. If it fails, I will your mere word shall decide it. You may take it @ Hy It it succeeds, the pay the druggist myself. And ‘That is my way of convincing you. Could you come to my office I would show you a vault . filled with 65,000 letters from people whom I have cured. Yow would not need the month's test to convince you then, i But you who can't come here—you who don’t know me—= { are apt to doubt a stranger's claims. So I prove my faith in my treatment by letting you take the remedy, then you can decide whether you or I shall pay. I have labored a lifetime to perfect a remedy that would strengthen the inside nerves, and my Restorative does that. It brings back the only power that makes the vital organs act, When an organ fails in its duty the nerve power is weak. © # Thero is usually no other cause. The organ is like an engine bi that needs more steam, and no skill in the world can remedy the trouble till the organ has power to act. My Restorative brings back that power, and that is the When that is done the weak organ és secret of my success. well, unless a cause like cancer makes a cure impossible. ! In the past 12 years I havo furnished my Restorative om~ trial to over half a million sick ones. Nearly all of the cases were difficult; many were desperate. Yet 39 out of each 40 have paid for 7 failed in most of them. the treatment gladly, because chances in 40 that [ can cure penny if I fail. Simply state which book ts wanted, and address Dr. Shoop, Bot 740, Racine, Wis. Mild cases, not chronic, are often cured by i iat Other treatments had te ine a \ they were cured. There are 39 you, and you shall not lose a Book No. 1 on Dyspepsia. ion ihe Kidneys, 4 for Women. 5 for Men (sealed). 6 on Rheumatism. one or two bottles, De. Book No. ook No. Book No. Book No Book No. Shoop’s Restorative is sold by all druggists. Flats and Rooms Best Rented Ed ‘THE WORLD: SATURDAY, DECEMBER 27, 1008. Owns Greystone, Cannot Get. flied a certificate in the County Clerk’a! me city, dm Through The World. ;