The evening world. Newspaper, January 9, 1903, Page 4

ed in Wall Street that It Will Justify the Mid-Winter Boom In Stocks of This % GOULD AND CASSATT AGREE. by Wall cireet to prove its con- ition that the dig mid-winter boom of ‘The banks gained $831,000 from the ‘Treasury yesterday, over $500,000 to- , amd since last Friday have gained $3,000,000. In additéon all the banks Jarge shipments of money by from the interior, Powerful banking interests have yoified their bellef in the vastly bet- Conditions by dissolving the $50,- money pool a week in advance @ the time limit, and they have prac- Ms ven permission to the many Street pools to go ahead. ar I ‘A continuation of profit-taking by speculatgrs caused several frac- recessions @ to-day's market, but trend was upwani, and the bear thas temporarily been eliminated. Led by the grangers—notably Atchi- Missouri Pacific, Rock Island, St ul and Northwestern—speculation wa and active. In the first two hours trading nearly 800,000 shares crossed fape, and for the day the shares din exceeded a million. te the close some short selling was loed, chiefly from professionals, who d that the week's activity,’ with ly a cessation in the ‘upward it, must end in some radical " n Noticeable strength and activity issues, which resulted in an ad- ot 2 points in Missourl F ereeponding gaine in the others. c at the powerful Gould. pool operating for higher prices. E eben my mas etrong on con/irmation of by jeorge Gould and ‘enl~ Gagsatt of tne Penuavitns quipon a plan whereby all t. ie road's entrance had been removed. i York Central advanced nearly 2 ints because of the semi-officlal re- ort that an arrangement had been con- @itided which will enable it to run its uburben trains over the Rapid Transit he Chicago contingent active in Southern Railway, Illinois and Louisville and Nashville, ter stock was heavy because of ong belief that theyre is no tm- wan notice- TO MAKE GAS ON CICANTIC SCALE. Surveys Begun in Long Island City for the Biggest Plant of the Kind in the World—Five Years to Build. TO SUPPLY GREATER CITY. Not only is Long Island City to have the biggest power house in the world, to be built by the Pennsylvania Rall- road Company, but it is alo to be the site of the biggest gas making and dis- tributing plant In the world. Work will be begun on the latter during the pres- ent month, but will not be finished for at least five years. The plant will be able to supply four of the five boroughs of New York City when completed, and the work of construction will be #0 carried on that the manufacture of gas may be begun there on a lesser scale within two years. The Pennsylvania Railroad Company has men at work to-day on the alte of their proposed new power house, which will cover the entre big block, bounded by Front street, West avenue, Third and Fourth streets. Work has also begun on the survey of the 300 acres which the new gas works will occupy in the Astoria section, and when the real work of bullding the two big structures is under way there will be employment for thousands and upon thelr comple. tion many other thousands will find work in them. The Consolidated Gas Company of Manhattan !s to bulld the new gaa plant, and as that company has a tunnel from Long Island under Blackwell's Island to Manhattan, {t 1s stated upon the beat of authority that ft will be only a question of a few years when Queens, Manhattan, Brooklyn and Bronx bor- oughs get thelr supply of illuminating gas from the big works which are to be erected in Astoria, The cost, It is esti- ‘mated, will be considerably over 5,00),- 000, while the power house will cost not Jess than $10,000,000. The power hou for tralns on the Long 1 the motive power of which is to changed from steam to electricity on all of its short branches. ‘The officials of the gas company will build homes for their workmen close to thelr mammoth new plant, It is pro- posed that, as far as posalble, all work on the new structure shall be given to residents of Queens Borough, ‘Those familiar with the gas aituation in the greater city profess to nee in this enterprise an Indtcation that it fore- tells the acquisition of the Brooklyn Union Gas Company by the Consoll- dated, which would give th: trol of the output of ilumin is to aupply power land Railroad, ng gas in snedia Prospect of an increase in the Nay the boroughs of Greater New York with the exception of Richmond. THE CLOSING Low io Clos 19 Malt . Smelt. & Ref... : Smelt. & Ref, pf. ‘Sout pf. 5 QUOTATIONS, Shares, 1,900 Rep. Stee! min 000 Rep. Rive)... Et 00 Rep. Steel py , 80,000 Resk Talana bt 18.000 Tock Island. of rth 400) Rubber Goode 00! 4h 30) Runoer Goods pf 7 10) Rutland pf Ct 29,600 Southern Pacific 67 80,100 Southern Railway rh Ey) 1,400 Southern Ratlway pi. a8. F. aps 100 Texan” Pi 400 Tol 4.100 To! 1,000 To! St of pee Zerg elone PES’ 3 42-9: a2 r eo eye Bepeerreeoss i Bey i 3 z 89) ‘eo e Fi elit = + = ote re] Ei 3}5 zz! 3. 3337 r| Sees e fre SeszeTi SRS FE FEE ae aEBes! Sievissy' = recere Bt By AU, Top, & 8. F, pt)! 1 0. + 10% ite By Chte jt aka Chic.” & Alton 368 ie] Cel Fuel & tron Rie Gol. Southern 31 a3 64 se oh 300 . aye bu 17,100 U. 8, Steet pt ee it 200 Vul. Det. Co, BS YA 00) Wai 32% 304, 4% 46 1 Bist pt, Shy Bee pt 38% 8% ‘The total sales of blacks were 1,544,000 ehenet and ef bonds $4,010,000. Locomotive Smelt, & Ref. Am. Sugar rin! At, Ton 2 8 FF Pega fol, & Mock, Val...) 10) id pt Miinola Central tral RR. of Mexteo. Nortolk a - 6! WA OMA ie Ob iy Gj ae ee Premed et ga ae AO Southern Railw Bu Ma Piss = Pits PEPE. 3S: es * SB sors 4 28; 2EFR. & Union Packie Uo & Leathe v 33 sseent ee eS 4 wesetty amen: ae 8, Webssh ss. in” Fy a” 8, a Total sain ot stocks were 262.i60 snare’ HORCAN CVS UP THE AEAING Plans to End the Voting Trust on Jan. 12 and Control Will Pass to Cassatt-Vanderbilt Combination. ERIE TO BE CONSOLIDATED. J. Plerpont Morgan, George F. Baker and Frederle P. Olcott, who form the voting trust In controi of the Reading Railway, will meet Jan. 12. At thin meeting steps will be taken for the eanly abrogation of the voting trust, so that the controlling stock divided between the Pennsylvania Railroad, the Vanderbilta and J. P. Morgan & Co, may be apportioned, and the control finally vested in Lake Shore and Baltl- more & Ohio. It is possible for the voting trust to be terminated at an early date, and It is part of the plan which Mor- wan & Co. evolved last summer for the final disposition of Reading, that it shall be removed from the market 4s s00n as maybe. Completion of the Reading deal 1s be- ing rushed as rapidly as possible tn order that other Morgan plana for the consolidation of equally important coal Toads may be brought forward. J. P. Morgan and his business asse- clate, James J. Hill, control the Erte, and the present scheme involves a com- bination between the Erle and Dela- ware, Lackawanna and Western. The new Rock Island mamagoment ts also interested in this deal and has been buying heavily of Erle stock for the pur- pose of entering the directorate. This may confict with the Morgan: Hill plan, but tivus far the Moore Bros. and Morgen have worked in harmony. ae Cloak House Ansigna. Thomas Sinnott, retail dealer in cloaks and suite at No. 118 Went One Hundred and Twenty-fifth street, to-da to William A. Ferguson, ©. W. 3 of No. 41 Park row, Js the attorne the asssignor. Liabilities, 96,711; be | $2,453. BOND TRANSACTIONS. Adama Express 4s 33500 ee oe 104%8 Greon Bay & W deb cite B ae 26h 00. Am Bicycle 6a Am cot Oil 4s Hock Val lat 4ige tou ke TS du bee iH B00 secs 10K, 000 oa: 16000... oa Baltimore && Obie id do 00K secre Mex Cen 24 ino Minn & StL te ’ Mok & EB 1000, Mo K & T lat 49 10090. 9000.65 1000 Chi & Alton Se Aton aM ion 8¥8 o) R&A dy 17000 18968. ) 1910 000 19208, - 2000 19200 NY & Qos 2 107% N'Y CL B coll Biss 000: iy NY Oe aL 5000. YOO 108) 1000. NY Gas BL P pur money 4s ©1000. 18 Ne0 A Winer te 6000 1085 Nop & Went oon Pocah O & © 40 10000 3000. 40500055) Bw. 9000. : 8 3000, aN Northa Pao 4a 108% Nor Pac gen 3s 1000. 9000. 5000 Ontario & W 1000 Th a cy om da 108% Oregon Short Line 4p ec & priptce snd bd BOD... 1700), 10000 1000. 1000. VREELAND 10 GO WITH LONDON ROAD President of Interarban Said to ‘Have Accepted Temporary Offer to Manage Tubes. H. H. Vreeland, President of the Inter- Urban Street Ratlway Company, has re- celved an offer to become the head of one of the great London street rallway lines, and his intimate friends say there HM little doubt that he will accept. Mr. Vreeland will not discuss the mat- ter, but he does not deny that there ts a possibility of his leaving New York Which one of the London compantes has sought the New York man’s services is not known generally. it Is not the underground system being built by Charles T. Yerkes and other Americans, It was reported several months ago that Mr. Vreeland received an offer from that company, but It was refused. ‘The London papers have puttished the report that Mr. Vreeland has been te: dered the position, and quote authorities to show that he will accept, ‘The pres- ent offer {s said to be more important than the former one. tempting nature that it 1s sald to be practically certain that it will be ac- cepted. ‘Mr. Vreeland has been identified with che Metropolitan lines for years and the vrowth and development of the surface roads In New York ts due largely to his energy. For many years he was Presi- dent of the Metropolitan, resigning to become the head of the Interuroan, which now leases the Metropolitan lines. He began his railroad career shoves ing gravel with a night construction crew on the Long Island Ratlroad. That was twenty-seven years ago, and before he reached his present position he went through almost every step of the business. He was a track inspector, switchman, brakeman and conductor. While he was trainmaster of the New York and Northern Railroad, which con- nected Yonkers and One Hundred and iifty-ffth street, Willlam C. Whitney vecame acquainted with him and a elded that he had ability, He offer him position and advanced him stow fly until he became the head of tau In- ter O00. oooes % 14000. a 1000... BN StL tM & 8 55 BOND. ce TE 4s Bt L & 8 F con 40 10000... ccc 98M 10000....--.--. 964 Ban An & A P 4a 1000... Et 1 a.) Bouth Pacific du 9000 + 98M South Pac 4a 1000 . 2 Bouth Ry 1m be FC rns el 2000 Nite ‘Tenn settlement ‘is 7000. 3 3371 4000. eaves M ‘Tex Pac Tat 10000... .5.2. 116% Third Ave RR PE PEE: aes: It ts sald that | Tt ts of such al “(THE WORLD] FRIDAY EVENING, JANUARY 9, ALL THE LATEST NEWS OF THE BUSINESS WORLD. PREPARE TO FIGHT THE STEEL TRUST. Independent Sheet and Tin Plate Mills Will Combine to Prevent Control of Industry. All of the independent sheet and tin plate mills of the country are to unite in an effort to prevent the United States Steel Trust, through its eubsidiary com- panies, acquiring absolute control. ‘This decision tx the result of a num- ber of secret meetings held by Inde- pendents here and in Pittsburg, at which the situation was nvassed and a defensive consolidation agreed upon. Under the plan all the important in- terests not now In the United States Steel corporation are to unite, secure nds, coke and steam coal prop- and to build a Bessemer steel plant to furnteh steel to the finishing mills of the consolidation. ‘The capital involved !s approximated At $75,000,000, but most of !t represents money now In mills. Officers of the Steel Trust say that the proposed con- solidation to fight the Billion Dollar Trust Is merely an urgent Invitation to tho latter to take over the remaining Independent milis. ———————_— The Wheat Market. ‘The local wheat market held steady at the opening to-day, mostly due to_cov: ering of shorts in wheat and corn. The markets continued quiet throughout the |day and trading was light. At Chicago wheat was quiet at around last night prices to a shade lower. Yesterday'a export trade in wheat was reported to be In the neighborhood of sixty loads at seaboard points. Northwest receipts con- tinued light, Argentine weekly ship- ments were moderate and news from there was bearish, as usual. New York's opening prices were: Wheat—May, 80 1-8 to 80 1-4; July, 78 1-8. Corn—May, 49. uly, 73 3-8 to 73 1~ ; May, 43 7-8 to M4; losin, rices fay, 909-8) Jul orn—January, 47 1-4. July, B18 Corn—Janua’ ; July, 455-8 to 43; PORK MARKET SHORT BO,000,000 POUNDS, Reports from the Packing Cen- tres Show a Remarkable Fall- ing Off from Last Year. While the supply of beef is increasing there is an alarming shortage tn pork. The Boards of Trade of Chicago, Kan- was City and South Omaha report that the amount of pork Js millions of pounds less than a year ago, and that the pack- ing of hogs is lessening constantly. ‘This week 480,000 hogs were slaughter- |* €@ against 610,000 the corresponding week of last year, a decrease of 190,00) hogs, or about 26,000,000 pounds of meat for the week. Since Noy. 1 the shortage in hogs packed {s over 900,000 carcasses. The total amount of cut meats in stock in Chicago 1s 90,989,161 pounds, against 188,- 27,491 pounds a year ago, a shortage of about 48,000,000 pounds. ‘The figures for Kansas City are 28,856,000 pounds against 48,202,000 @ year ago, a shortage of about Maeateay pounds. South Omaha had 42,- 415 pounds of cut meats in stock @ year ago and now hus 28,860.00 pounds, @ decrease of about 14,000,000 pounds: This makes the total shortage at the three cities $0,000,000 pounds compared with a year ago. Frank A. Ferris, of No. $44 Mott street, who js one of the leading provision ers in the city, speaking of the situa- ton, says: "It is not believed that there {a € shortage In growing pigs, but it is pupposed the farmera are holding them pack to fed the abundance of corn in nd. According to Mr. Ferris, since Nov. 20 there have been 3.500.000 less nama put Irons than for the last two months of 1901, ee The Cotton Market, Tho local cotton market opened frm to-day, with prices 3 to 6 points algher. While the higher cables had been antic. ipated this morning, few expected guch @ rise as 4 points at Liverpool, and the news led to considerable buying for ut: Topean and Southern accounts, besid covering by room shorts. The offerings came mostly from commission jiouses, who took profits on yesterday's yur- chases. Not only were port receints Ught, being estimated at 42,000 against 48,600 bales last year but a cold wave over the Bouth made It seem unllkely that the movement would increase ma- terlally in the near future, The opening prices were: January, April 8.67 to 8.69; February, to 8.64: 8.69 to arch, 8.70 to 8.71; Ma 7 offered; July to 8.72; June, 8. 8.72; August, 8.60 offered. This is the house saved for on 67 a week and now all 2000) 97's 8 Third Ave Ga 78 2000, 1 ‘) Tol & 0 © xen Sn 1000) BS 000... seeas LOT 10000 78% Tol StL & W prior Si! TK Hen Bigs 000). i 6000 Bs 10000 6 Tol St 8000. 43000 19000 10000... 25000 10000, 05); 32000. 20000... 1900 300005200200: Union 5000 + 98 7000 WON Y @ Penn Tat 60 Ye Union West Shore 4a ronia 70000 2000... 0 60” 0 200 Vaton’ tu 500 Foal eat m0 Wh & LB 40000 weil 58000. Win Central da ipo 2000. : of oon , = 51% ef bonds were 63,008,000, Government Bonds, Bid. Asked. Bid. Asked. U8. 20 F108, 1084148 coup x1... 108% 110%, UB. 20 ¢.21108%5 1004) 49 rex. 130M 186% Be reg... 100% 107K Ihe © nay 4 im Be coup ...108 108% |e Fe 1014 Baie ay le ee ge tae HO 40 re6 +--+ 100% L104 |D. C. 3s 650188 — $$ CURB MARKET STEADY. The outside market opened ateady. Havana Tobacco issues were strong. Northern Securities advanced a point, while Standard Ot! fell off 8 points. Quotations for the active stocks were: Bid. Asked. Banking and Financial. LONDON MARKET STRONG, American Ratlway Shares Active, with Prides Advanced. HAIGHT & FREESE co. The wonderful stories of how 100 people of salaries from $6 to $30 a week saved and bought their own homes—a series which begins in 63 BROADWAY, wy, ¥. STOCKS, BONDS, GRAIN, COTTON, ‘We will be pleased to vend you west eur 440-page cloth- TAVESTORS,"* also . KET LETUEKS. leoued aretis, mailed tres, ON $7.00 A WEEK SALARY THIS HOUSE WAS BOUGHT ON $16.00 A WEEK | SALARY THIS HOUSE WAS SAVED FOR New Publications. Compound, physical development. carefully guided physically as well as morally. lf you know of any young lady who Is vice, ask her to write to [irs. her advice free, country. Do not hesitate about stating detalls which one ma: to talk about, and which are essential fora full understanding WE WA \ lingswood, N. J., says: MNS AN person, struation was irregular. “I tried a bottle of your Ve; and menstruato regularly. for what your medicine did for me.” flow Mrs. Pinkham Helped Fannie Kumpe. write and tell you of the benefit I have derived from your advice your medicine to all who suffer from female weakness.’ KUMP. 1922 Chester St, Little Rock, Ark. (Dec. 16, 1900.) Lydia E. Pinkham’s Vegetable Compound will cure any woman in the land mb suffers from womb troubl: il. Of MEN’S HATS 'ODAY we offer upwards of a thousand styles, from two high-class factories, neither of w The January Ladies’ Home Journal Io cents on the news-stands, makes hats that retail for less than three dollars, The reason was simple enough—the result was accom- lished because we wanted to be accommodated, and the Ite wanted to accommodate us. Both factories had surplus stocks of unshaped bodies, which they agreed to make up for us over the new Sprin block. The felts are fine; the shapes are smart and He some; the finish is of the same high character as regular lote selling at $3 and $3.50, But you may choose today At $1.75 Each Various styles of both brims and crowns, All ad. vance models, aMlgn's Mat tore Men’s Sack Suits at $1? ANGTaEE stirring offering from our Cle ing Store today. Wanamaker Clothing is the very best to be ready-made; and we long ago established the fac these particular lines are several dollars a suit lower in price, as regularly marked, than equal suits elsewhere, And when we make price-concessions such as these from regular prices, you know that remarkable values are being one! Today we present about two hundred blue, black and fancy cheviot suits—the blues and blacks double-breasted, the fancy cheviots mostly single-breasted. Not a suit in the lot sold for less than $15; most of them were $18 and $20. ay choose for $12. a Suit Regular, stout and thin sizes, eve Ser, Porch avn M ho ES eSabegey a” aab iss Rose Peterson, Secretary Park- dale Tennis Club, Chicago, from experi- ence advises all young girls who have pains and sickness peculiar to their sex- to rely on Lydia E. Pinkham’s Vegetable How many beautiful young girls develop into worn, listless and hope- less women, simply because sufficient attention has not been paid to thelr No woman is exempt from physical weakness and Periodic pain and young girls just budding into womanhood should ba ick, and needs motherly ad- Pinkham at Lynn, Mass., who will give from a source of knowledge which is unequalled in the not like the case. Miss Hannah E. [lershon, Col~' “I thought I would write and tell you that, by following your kind advice, I feel like a new | I was always thin and delicate, and 50 weak that I could hardly do anything. Men- getable Come | ‘ pound and began to feel better right away. I continued its use, and am now well and strong, I cannot say enough “DEAR MRS. PINKHAM:—I feel it is my dyty to id the use of Lydia E, Pinkham's Vegetable Compound. The pains in | my back and womb have all left me, and my menstrual ee corrected } for the good advice you gave me, and I shall recomment T am very thankfu! for MISS FANNIE , inflammation of the ovaries, nervous excitability, nervous prostration, and all forms Derby Hats, made on advance blocks in Spring