The evening world. Newspaper, January 17, 1903, Page 4

WEEKS 5 END. anarts from Every Make Prices Better Put the Shorts on the sive. Sterling Bille, Which Is Accepted as an Indication of Small Gold Exports. ‘the stimulus of favorable news “évery quarter to-day's stock mar- ‘was active and strong. No jcations appeared possible, and the, Squad ‘etatement was optimistic enough tmarket: critics. More public ‘was in evidence than is usually it on a Saturday halt session. fortes, railroads took the initia- to-day'’s trading and led the rice eek ihe beet figures of the week. it, Paul and Missour! Pacific. Rock Isl- ‘and Atchison were notably strong i thusually heavy sales recorded. ing, which has been a menace the market, because of the heavy Dy disgusted minority holdere, ee to-day, to the discomfiture of Wall street ss ‘the shorts. Morgan interests advanced ‘Hho stock over a point. ~~ Chicago Great Western “B" “Made & new high record on heavy buy. bonds Bigure of 4 being recorded. Throughout | tie entire market list the feeling Wetter. The volume of trading broad- ‘ened and commission house buying was Targer than for several days, he bank statement was known to @how heavy gains in cash by the banks bred froth the interior and Sub-Trea- GY, and the market for the week was ve fet to allow for any considerable 4 loans. i Wn Movements of money indicated Bain by the banks of $10,000, and thie, reflected in a measure booming market in London, was le for most of the early ential banking Interests were re: selling shore at Ing bills to- chnlen Was regarded, by Fhe spocus vo contingent as decidedly ihe moat vorable development for an upward in Selling o: short sterling | bills, it ‘atid enough, is a® certain a bar sold through exports as Wail i len st The fact that bank- Greapeu See, done ie indicates they are in with the rising market. id Me, the for money will at once ¢ the investment field available for market pur- aga Eee pte and interest jarge enough to any ‘disturbance. 22 ons of tho foreign money mar- all quarters appear highly sat~ Discount rates at Berlin and tly firmer, but there is h ning of the money market. has eased its demands upon Lon- for gold, and consequently the latter is not beckoging to New York for ement of its debit balance. debit melee is rapidly decreas~ volume of Because, of the growin, Hour mentite hence tn exe ion be @ negligible factor in the Railway stocks haye tem- tigarped the position ‘of market held dy the last four it of t efore the Tntaratate’s Commerce jon. re “CURB STRONG BUT QUIET. The outeide market opened strong but “Northern Securities led the Met. Toba Electric tations for the active stocks were: Bid. Asked. % Aes ie oval cotion market opened un- ed to-day, with prices 2 points than yerterday’s final figures. It ewhat better than expected easior cables and estimates © for port receipts of. 33,000 bales to-day ) 23,000 last year, This was partly ed for, however, by ‘the reports rota speculators were buying 2 Wier i iverpool and that fhe Aton “mills, would | pay Local traders were is year. ¢ market go lower on * following. the. diea| but the. public. bought | n the strong week end the early derlin buy- was # check ed by the indications of ope We bruary, April CAT teats SHIPPING NEWS. ‘ALMANAO YOR TO-DAT. + T.22\Sun eets.. 4.59/Moon rises, .10.12 THE TIDES, re ‘Wal tere jou. nin i tember, §.26 to ~|ment whould be moted out to all offend- Mig orders from London, an extreme|sary to bring about needed reforms, Mr. Gage said: FORMER SECRETARY GAGE TALKS OF NEED FOR A CREDIT CURRENCY. A Recurrence of Last Year’s Money Panic Feared Unless More Money Is Provided by National Legislation. GATES SAID GOOD-BY, AND SAD IN TONE HE CASHED FAT MERGER OF HIS own. Ta A CATES'S BLUFF Vall Street Splits Its Sides Over Trick the Wily Western “Jay” Played to the Tune of $16, large affairs and in the greater centres of business, the Is of the opinion that condign punieh- erg caught violating the laws. nly way to prevent w bindless era iy to en- foreo oxisting !aw: © oe COL, W. P. CLOUGH, general counsel ir. the $40,000,000 Northern Bes curities financiers agree facilities of the bankers’ credit do not in this country 000. that the greatest exist in the form available for the smaller wees of life 009,000. factor for future in outlying districts. One of the consequences in to - Alsturbances in the deprive industry of needed ald and to make the cost ee ae of creche ‘eduabbine: THREATENED AND WON OUT. the lack of ade- “Banknotes in convenient form and of proper de quate currency leg- nominations, isswed upon the credit of the bank, will He Declared He Would Ralse the {alation, ‘Tt ts also Ogle COPGEEG (labia by the CCT Dividend of L. and N., Bull the e@greed that unless y BU y the in exchange Congress shall at for the satisfactory debt obligations of the borrower, Stock and Then Unload on the y the present session The cost of fssue is nothing. Its burden falls on the Open Market. enact some meas- banker only when the notes are redeemed by him in Qe ure to meet the money. Wall street is laughing to-day over emergency, next “In contrast with this economic system {s our pres George W. Perkins’s confession of how fy fall will see a re- ent system, by which, efore the banker can lend ,John W. Gates bluffed the firm of J. P. newal of the money his notes to the borrowing customer, he must invest in i ee eopearie Loute- panio of last fall. United States bonds an amount of actual capital equal [Ms the handsomé profit to the Chicago Right now the to an amount about 15 per cent. In excess of the notes plunger of $16,000,000. speculative post- he proposes to issue, and lodges it with the Treasurer Mr. Perkins admitted that Gates sition hinges upon of the United States as a pledge that he will redeem sereessiet = ae oo ATR bull money and money the notes if issued and presented. ied kets ebro juntos the open legislation. It is a “This makes momey, actual money, too valuable to “We were anxious," Mr. Perkins be- vital topic in Wall the banker to comply with the present necessary con- gan, “as to where the control of the street. ditions of note issuing. rom eeu finally land. We knew if it , Lyman J. Gage, EX-SECRETARY GAGE. “Hence the ‘fall movement’ of currency, when cur fn enatcasaa eeenee aoe could former Secretary of the Treasury of the United States,| rency 1s in especial demand, {is restricted, rigid, and people had told me their plan was to and President of the United States Trust Company,| begets no elasticity. The relation of bank reserve to pay a high dividend and then dispose is keenly alive to the situation. bank ability is suddenly disturbed. of the road in ie ee We felt we In discussing changes in the banking system neces-| “Liquidation to make good falling reserves is inati- ie thsi CHa ars pr igr heae) is gurated. Prices of seourities and commodities are had been admirably manage sd in the “The banker makes credit available to the general| forced downward and the alarming symptoms of panic past, and {f continued in as good or Wwa8) uses of society, but while credit is made effective for' appear.” better hands the future interests of all would be safeguarded. We knew the Southern Company, in which we were largely Interested, could not take it. LITTLE STORIES ABOUT eee er DuLL. “i is ee oy cos Fd Americans Firm on Expectation alton ‘7 penta Aa Went ittet to Mr, apes, THE BIG MEN IN TOWN,| scicet tsetse" |—— Sigua « ‘The London market to-d On those good friends ef other sitions a‘ : and entirely without feature, ‘The gem |G00G-B7." pata afr. Gates, ana |°" [oem Said hes (ve Mved a speedy Ifo, | 20" at about fe Sed that pe —_——-+ eral tone was steady throughout and omiled. Like a Aud now if I’m inclined Gates had secretly obtained the hares a Samuel Spencer, Morgan's Able Railroad Assistant, Is} t=! sures ot sestertay. Goutn Atri-| Were nated on the Street among anceaee For tore of ‘Mindalght? mind. |“Not word of truth, tnt th" repllea ee were quiet and @| ite ablest and best. “ hat Mr, Gates tol i H i} ra ‘ shade under last night's closing. This It seemed a trifle mean. You say that, Mr, Gates told Almost a Pigmy Physically Morris K. Jesup 4) weakness was due to realizing wales, Rio 1, | {Por ‘foresight? brains are what Chiatee dividend’ and. 69 Fale Wi Friend of the Birds---Finest Ruby in’ th Tinton gold at 48. For though « plunger he had been| “Cold fcet!” they cried. “What's you need market value of date etocke "We eon ¢ LL) Lui das Se resies ines UbyAainh ihe Nets court fin Fag" was et wih| He thonght ho had enough; Beas ode oe naiiex To get ahead of me, rulporley aerate ‘ a . 8 goneral tone very firm. was|With sixteen millions to the good aihine = To avi hh t ight for a year or two, World Said to Be Owned by John W. Gates. i ees hee, ite Win ase (as Gee Mia mature te so gutteloen, too, |"Yus"Gnenpes "MU te go” [eye pul tay duastrame oe statement from New York, Like that of any child. . corns hed to a temporary poltoy fin ny wa: “Nr. Perkins aleo admitted that Mr. SAMUEL SPENCER, President of the ) Company, and clowe personal friend of Portraits of Mr. and Mrs. Brya: Gates) Gemanded cam for hie aren Bouthern Raflway, and one of J, Plor-| James J. Hill, who has had to remove | NG ic ORT, R. I., Jan. 17.—William H. eae aon an oe BO, Teo Ee ‘of pont Morwan's ablest Heutenante in the | from St. Paul to New York to be near Leavitt, of this city, has been engaged pose had to take as fg 2 management of ‘hie great system of | his duties, has felt at home during the to paint the portraits of Mr. and Mrs. sh they edvanced the newly Southern railroads, is physically one of | strenuous weather of the last week, On WilMam J, Bryan. Sonds of the Atlantic Coast .|the smallest men in Wall atreet, Mr.| the coldest days he walks from Sevent Bpencer 18 lems than five cect four inches | second street to Grant's Tomb and back, . tall, but 46 as straight as an Indian, He | S706, Tverslt ore vBivery winters ‘day , ig one of the busiest men in the finun-| he wralics fier our, to ver mea ane clal district and counts his time as al-| Saye (hat Wo i e most as valuable ax thet of tus business | &°Fo ¢ would feel like home. While Loans Are Increased, Weekly Statement],,_,; d Sees $65,000,- oblot. Mr. Spencer ia & Boutherner| sony w. GATTI, who haa been dle Reveals a Good G M i Curious Crowd Sees $65,000, Oo ith att the vim and push of te Nore] yorcod ny rumor from Wallstreet Ia ihe Wart ines “ oney from 000 in Coin and Securities ; eee aaid to own the finest ruby in the world, an e Treasury. i {At was Imported from Stam and is re- Carried to Bank’s New Home. Wi ua eater puted to have cost the big speculator I ill Send You Help Commerce, fe a bird lover and member | 0,000 Wall street dollars, The stone Is) ‘To-day's bank statement 1s consid- Ine. 14,412,000 If Vv "I A ia I : Sf tha ‘Atatbon ‘Roclety. Juat now he {Of tho purest pigeon blood variety and ered tn every way averable, Though Bethe 40! Crooks an@ people who were not ou sk It. - ls engaged {n a vigorous effort to pro- | Weighs 18 karate. It is sald “tr, poate creoet oo thot other ieeee: terete Danese: crooks gazed enviously to-day upon tect from total deetruction tho aulle |i uge Mfr a veart pin nthe £4tUhe | aetyg and) poner The imtemen fol | UR ahiisantar Gilg wach irher-coveraa money shart and Reavy | bes, hunt; 1 others] New York Stock Exchange, which Is an increa it ¢ canvas bags leden wi reasure na tree, Slanage w iegally dealt in by | irom ‘Texas comes 1. Genial of the | fesers 3 usta acy tty ohms | lon. Alen See ego ‘waa were ‘carried through busy Wall street. anaiend 20 money—just a postal, stating-which book Z ls unscrupulous New Yorkers, Or. Josup|{i°1t "in Charen, Me, dates is quoted | 54 wins! s,aus,sn0! furrgay asa @m © years ago it was) ies of bank clerks and poten | Io) wilte |niecae (hounds! 40 every iwesiosbo SE EEEeeieeeeeel — were the carriers, and the chests end tell me that you need help. Then I will do this:—I will matl you an order on your druggist for six bottles Dr. Shoop’s Restorative. You may take it a month on trial, If dt succeeds, the cost ‘i $5.50. If it fails, I will pay the druggist myself—and I will leave the decision to you. I do that to convince you—to prove my faith tn as saying: ‘Phere ia no truth whatever tn the rumor, and dt is as much a surprise to me as to the public. Tam at a los to understand how the report was started Tam in Port Arthur on a bustness and) pleasure trip combined, and will re- turn to New York shortly to attend to my Interests there," {money trunks were locked together by | @ heavy fron chain. BOND TRANSACTIONS. | ‘Phe treasure train came into Wall | street at the corner of (New street, Med @own Wall to Nassau, turned north to Pine, and at the southwest corner dis- appeared én the Dig bank vaults of the Ann Arbor Jat 4a 1000 THE CLOSING ‘ie 11,000 Brie Jat pt... Brie 24 pt Evans @ 7 10) General “iis 800 Great North QUOTATIONS. Hanover National, In the curlous crowd that watched th movements of the treasure caravan'were a number of policemen, unusually vigtl- ant and alert, ‘After the close of the short business day in Wall street the Hanover National Bank moved bag and baggage from its self, I have perfected a remdy so unusual—so ni certain—that I want all who need it to have it. I have made my offer so fair that no doubt or prejudice can deter any sick one from accepting it. In the past 12 years I have furnished my Restorative to over half a million patients, on trial. My records show thet 89 out of each 40 have paid for It gladly, because they were cured. The rest had the month’s test free, 10900. The total wales of bonds were $1,684,000. Government Nonds, agit Anke, High, Law. Bit. Axed. + 109" 0% |temporary quarters, No, 7 Wall treet, " ®) Union Pacth Mo pacite ba Hts 18545! t tte fine new ¢wenty-story skyscraper ais iSeat erative taithe menial et ¢\litstinw’s ‘a HO olen fectte Be 3 x ie rib we HN IRA) at Naaman and Pine streets, where on Lacan how to trangtnen he ede Motime's wort, tn : RR aut NY oa oT Monday {t will open for niy remedy that can e herve power which oe a 8 sy MSN =" | "The change involved the carrying omy, y ing pow operates the vital organs. A weak organ means weak nerve power. It simply Jacks the strength to do its duty. It is like o weak engine, that only needs more steam. With the old way we doctored the organ itself, and through three crowded blocks of the financial district $16,000,000 in cash and $50,000,000 in negotiable securities. Under protection of its own guards ang % : a cone “Ga cou i oe The Wheat Market, The local wheat market open to-day In the face of appointing Engileh ca steady ewhat dis- id ne’ run ‘goo Norton & Wee My 10000. 80 108% Com Pac md “Shen at So) Wentten Colon Toi 29 Wheel. & Lake Erie 380 Wis, Conta Gitta Onto $48 sm Caen dome i :|a supplemental detail of five policemen the results at best were but temporary. The results of te A ansret | ARN 2 Tg and bullish serithnent woneealty, Seueuied | from tho Old Bilp atation the removal my Restorative are permanent, and they are absolutely eut'of bonta’ #050000 one Q 10000 with Increased support trom outsiders, | was effected without @ hitch. certain, save where some cause like cancer makes a cure pectin ‘aio ay BRD wrore the chief factors of strength in to-| ‘The bulk of the papers and sesurities {mpossible. Consolidated Exchange Salen, CRI a Pio te 6000 Cables, Corh umewips a aa at| Was removed last night, but mot until With this remedy I have cured cases as difficult as Open, Wigh Law. Close 3000 884 4000 about unchanged prices. the close of business to-day was the physicians ever meet, and I have rarely found a chronie Amal Conner vn ie SG 100) Y,_Zork's, opening | orices were: | treasure of che inatitution touched. fase that could be really cured without it, 10080, ig 7S te Corn—May,| president Woodward said that the My book will tell you why. If you don’t need it, / 1000. Spenlng prices were; Wheat | bank now hed @ permanent home and it please tell me one who does, amy P 1-8 Tid; July, 741-2 to} would probably be @ half oentury or ay, fi 4 to 441-8; July, | more betore tt carried $00,000,000 through Simply state which box is ‘ ‘Wall street again or had another mov- ing day. wanted, and address Dr, Bhoop, Box 740, Racine, Wis, pr, thoop's Restorative ie‘ eold rices were: Banking and Financial, Foy rt Ad two fe Chicago & Alion Col. Souther Chicago's 1. olclock | price ————— an Wheat "ity, Tart Suly 274d “Most Complete Staal tafrmatin,” January, 462-4 i KNIGHTS OF COLUMBUS BALL Sanhatten Metro. Me. “GUIDE TO INVESTORS! 1s8UED FRER “Accurate Market Advices.” Kau, Banking and Financial Banking and Financial, 2 Norfolk & Wei 309 1M Can City Southern... City South. Yale 3/C, M. SCHWAB AT PALERMO, N.Y ‘1 1 53 oun, Gaunie a Hea ) Given Monday at Webster! paiy MARKET LETTER” # Pacific Mi “a y Vaudeville, A Penney ania, us fe Exocelslor Councll, No, 416, Knights of % fissding ‘eo s So Columbus, will hold its annual enter- Repub ive i ovine av tas tainment and ball on Monday Houthera Pacitie Beata Air Line i lew to imovanatng contributed by stars of the vettleville stage under the supervision of the|* Actors’ Union of America, The success of the entertainment has already been assured, as more than one thousand uckets have been sold, The Sufferers from Colds Are’ puribeied by Millions, not fnoluding pa is abmat to vuttering. aagueiation Aad ott wns i tae pgs pre! Hout Pasite Pa Spoctal letters iemned ve ies, mailed at such nable GOLD EXEMPT BONDS SEVEN MILLION DOLLARS Payable November, (952 * TO BE SOLD THURSDAY, JANUARY 22, 1903 ra ToLsl ales of aiccks were 69,00) shares (ee ‘Trast President Mei Sicily im His Yaokt, PALERMO, Sicily, Jan, 1.-Charles Of. Gchwab and party have arriy boa! the steam yacht Margarita, a 2s ZU. YUMA JOR LAs mor aban OF Penne) riaaies rm {ipoerpes Gempraliee tro vhecgens S37 TIE" th neh be 18 hop eam poh onct pabepnrrgy eK + the ‘