The evening world. Newspaper, February 5, 1903, Page 9

; ALL THE LATEST NEWS OF THE BUSINESS THE CLOSING STOCKS ACA 'N COOD DEMAND ‘Steel Shares Sought on Court Decision Favorable to Trust, While Rock Island and Pa- cifics Are Prominent. ane GOULD ISSUES HIGHER. Brooklyn Rapid Transit Active at an Advance and Reading and Erie Continue Buoyant — Metropolitan and Manhattan Siuggish. ‘The big piece of news In the securities Market to-day was the New Jersey de- olston in the Hodges suit against the United States Stee! Corporation. For ‘two or three days a coterie of smart floor traders have been buying Stee! on @ report that a decision in this case ‘would be rendered favorable to the cor- ‘poration. This was an Instance where ‘advance information of judicial action wae correct. ‘The leak leaked an authentic forecaet, and the alert epeculators who were on jthe inside reaped a big harvest of |dottars. The announcement of the de- ‘cision to-<iny was followed by a@ sharp ‘advance in the Steel issues, common [moving up to 29 1-2 and proferred to} -2, a gain of 3-4 in the former and Point In the latter. The effect of the decision will be to give the directors authority to issue | $250,000,000 of new bonds and take up| |preferred siock with $200,000,000 of the jamount. That will put fixed obligations -'to the amount of a quarte: of a billion ‘doliare ahead of the share capitalization jahd will give the Morgan syndicate a (fee of $10,000,000 for putting through the ~-!'tehemé, Sceptics wonder wherein the | common stock ts to be benefited by the |deal.and predictions are heard that when ‘the significance of the deal is under- |@tood common stock will sell down ‘sharply.” The whole market was very active and broad during the entire session, The ‘aggregate of sales approgched 900,000 shares. A great majority of the active stocks advanced In unlson, following the deaders closely. The Rock Island shares, Un'un Pacific and Southern Pacific ¢ 1-2 point. Official confirmation of the deal ig still withheld and traders: awalt 4n authorised statement. Little doubt Szigts that the development will bw of | dee t ‘operties in- jesired. Gould stocks were strong and Ti higher, Brooklyn Rapid Transit-was also very lve and advanced 3-4 of a point. etropolitan and Manhatian were slug- gin. making only slight gains on the The Reading and Erie issues continued buoyant throoghout. Reading was par- ticularly strong. advancing 1 1-4 to 2 points with heavy transactinns on the Way up, Tho report that Col. Gates had Droken into the Erie deal was not given serious consideration: The Gates story was to the effect that) the management finds itself in danger > of being blocked in carrying out. its Yelopment pians and that John W. Ga tune Up as a party who must be nego-| | tlated with before anything Important can be done. | He in said to have ac: & tnajority of the second pre- ferred, which*must be retired Before 'the | plans of the management can be carried) “tout to secure new money for improve- ments. If_there Is anything In the re- afforded another chan business with his old ‘trend, Mv Morgan. who recently, de- ‘nounced him as x “dangerous man” | — FULL POWER FOR FOR STURGIS. ire Debarioent Bill BU Gives Him ‘Desired OMcial Sway. | ALBANY, Feb. 6.—The New York City Fire Department bill, which aims to give the Fire Commissioner absolute author- ; ty tn the matter of departmental trans- | nd promotions, was introduced by Aegmblyman Bostwick, of Manhattan, ew York charter | The Greater that no transfer or promotion ca) e made by the Fire Commissioner emcent ‘on cary recommendation of the revision is repealed the Commissioner « cree i} also provides for the Appelt ofa Papy Fire Commiasioner, at for Manhattan read: De} ry of Brome. Thy het in Brooklyn, am Bilary is to be tnleca nually to %.00). There are other pro- y Visions relating to the retirement of de-| iriment men. Abd ‘Ommissioner Sturgts, sphaking f the measure, declares that exe perience of tho past year Krov mane of the pei di CURB STOCKS ACTIVE. ‘The curb market was firm and aetive to-day. Northern Securities sold up t 3B 5-8 Marine sold 16 3-4 10 _[Rritleh Col. Conpe {Copper at 28; San Francisco is at 79; the i 1 Tile at 2, and Marconi at {8 Quo- ns were as follows ie Ames, ae Bi 1% it LONDON MARKET STEADY, ‘The meadon market to-day displayed pleadings’ a cheerful sentiment Sraugoout, Gilt: edged ™ ee were securities and sompetition to ‘@n easier ten- Rat tet ‘sly prices in ear’ ° les were a Binclagis ‘ately | jarket Shares High, Low. Clow, 100 ANle-Ohalmere pt ine en 32,00 Arnal Copp Bin BR OBI 1.700 Am, Bieyot . ‘ “ % 1,300 Am, Car nds aan 200 Am. Car & Found, pf. Ms 9 20) Am. Cotton O11 48° 4h 20 Am. Express oh 239 J00 Am. Geaas Twit MTA 258 409 Am. ide & Lamther.: 104 bly {0 i% am Tel na al Co. oklya” Uy 100 Hrunawiek 400 Butt... Roeh. & 2.6 ‘ansdian Pacitie. da South at 1.00 Chie. 19,100 Chie., & Tr. pts! h Union Ti 1500 Chteara & 60% WP On M4. 1 Posteri ania wb { fe Keopie s Gas TM sed SN 92% an 24 Sh Ry. Steel pring aM 2) Ry, sites) Spr aT 69,609 Reading 64" 100 Reading yt ‘Ba: Reading 2 16% 7100 Hep Mite ateei ny 900 Republic Mteel pt. TON 24,900 Rock Island .. 4B 700 Rock Island pi aN 2.800 Rubber Goods . aN 00 Rutland pf. Site BT 700 8 « Co Cen cf Grorgia 16m ine bs cen ot S| Col Mid int ds Col Bo im de THE WORLD: THURSDAY 1 EVENING, FEBRUARY 5, +1908, gp Rielienenestostny QUOTATIONS, ge Shares, 13,100 Routhern Pacifte 6.900 Southern Railway High 16, 2.400 500 2m » £400 BY $88 i 190 62 100 B 100 U, . i 4 186,900 ES 39,100 8959 22 1%” 336 100 WM 20! 4.100 31% 30 14,000 4847) 00 20% 0 1.590, ‘ 20% 26 2100 BON 58 1.800 W: ty 7,000 2 3,000 V Bau 53 MBM ‘The tote! asles of stocks wore 826,00 2h Consolidated Exchange Salen, Low Amal. Copper oo... Am. Car @ Foundry Am. Cotton O11 Am! Toe Co. Am. lee Co. pt dnicienn Gere: : ich, Top, & 8. Fe Atch., T. 68. Fe on 108s | Fs | wt 179% Gdie. Con, Trac Chl SMI & Be Pail, hte. Union Trae ...-+ Gol. Fuel & tro Col, Southern a ji Hocking Caai 20% Toute de Naw Wy Manhattan Gy 6% A si he Ni Be Ty 4% Tole TAM GF. IG 18056 180 pi MA eg ae at" ae 8 TL 1516 191 i 7 q ax Be WS as #5 85 HG Gs wi be ee Sy oy See See ae BS By a Ae at Az» 302K 104 oe og a8 ahd me ud ae ie i fate PR i we se ie 22 RS The tota) salen of wtocks were 167,200 mares, BOND TRANSACTIONS. Un Peoifie conv 4x + 108 Wer. Un fidg & reat oot 4! Wate ist conte uy 2h wh rie Tt FeAl alee’ of bende (par value), $9,088,000. Government Bonds, We Little ne 8 Rockefeller and Carnegie With |HIT AT MISSOURI PACIFIC. in Munyon’s Pure Witch-Hazel Soap COULD READY FOR RAILROAD WAR. — Him in Case Rock Island Deal Leads to Another Clash with Harriman. Wall street sees in the various moves now being made on the ratiroad chess- board an alignment ‘of powerful Inter- ests againat George J. Gould and his friends. His determined and aggressive tnvasion of the Eastern trunk line ter- titory haa naturally avoused the ani- mosity of the Pennsylvanla interests and has sceming!y led to demonstrations among that company's associates in high finance, There was a time, not so very long @go, when the great house of Kuhn, Loeb & Co. was regarded as the atanch friend and ally of the Goulds. Closer than this association, however, has been the Kuhn-Loeb regard for F H, Harriman and his plans, and when there came a parting of the ways Kuhn, Locb & Co. made Harriman thelr fay- orite, The open split between Gould and | Harriman took phice in the contest for ‘control of Colorado Fuel and Iron, A | truce was patched up between them, but the two interests have since been | pulling further apart and are now work- along independent lines as far as posalble, Kuhn, Loeb & Co. have long been the leading fiscal agents of the Pennsylvania itailroad and _ number’ among their clients the leading directors and owners of the Pennsylvania prop- erty. Included in this distinctively Pennsylvanta set are the members of the Berwind party which controls Atchi- son, There has, for a good while back, been the closest of attachments between the members of the Pennsylvania and Atchison systems, a relationship so tn- imate tit it has given rise trequently to gossip of a merger of the two eya- tems. Now the Rock Island has entered the game and is about to make a hard and fast alliance with the Union Pacific and Southern Pacific. This Js a move di- rectly against Missouri Pacific and its allied lines. ‘The position of ’Friseo in the Southwestern struggle has not as yet become clearly defined, but aa that Foud is largely controlled ‘by Mr. Mor= fan, it is assumed that should a neces- arise for taking sides it will not n up in the Gould camp. The power behind Gould and his tm- mediate famtiy Is John D, Rockefeller. His interests are very heavy in Gould southwestern properties, and he in sup: pened to be gout ating largely to mak- ing ip believed, that Mr, Carne- gie's imitlions ate. alsa back of Gould in the Bast, and that the great iron- master in Fates f Gould along is paying an ancient grudge against the Penn- sylvania. tua | js becoming intensely interesting i meh Wall street trict and aging the attention rall- road eer ‘the country over. TO CUT INTEREST RATE. Assembly Bill Aime fo Have Reduced to Five Per Cent, ALBANY, Feb. 5.—A bill to reduce the legal rate of interest in this State to ul pen cent. from the present rate of 6 cent, Was Introduced In. the Assembly. to-day by Elijah Ci t Erie, It The Wheat Market, The local wheat market developed weakness at the start to-day on @ count of the diseypotnting cables, par- ticularly Frenca markets, which’ after thelr recent strength declined 20 to 35 points and closed rather weak. Hnglish markets were. one-half vent lower. May wheat sold as low as ; $1.15-16 here ‘or 3-8 to 1-2 a cent under { last night's best curd figure, but tt later rallied to 82 1-8. Corn opened easier in Chicago, but steady to firm here, with @ fair demand for May. The public re wan working to Chicago ew of the private wire mmuntoation with the West, The Northwest markets and those at St. Louks were stil out of regoh by tie public wires, ng prices ween New York's oper | _ BL 78 to ' duly, 79 51 1-8 offere ta May May ° July. 7h 1-4 to 743-8 y cor, 4 5-4 ta 445-8. re “February, 60 bi ; Apri Baa olds. ata: offered, 5128; Jul 493-8 bid; Bept Der, 48 3 ‘Ch cloaing prices bid; Be ‘Tennessee Copper Elects. The directors of the Tennessee Copper Company fortey anized with the glace of the following officers: Tee A Channing: View a erick Lewisohn; ‘Treasurer, J, H. Sussman; Secretary, B.C. Westervelt; Executive. Commitice, J. P. Channing, grederick Lewisohn and J. H. Sussman. 8a There's Hope ‘THERE is hope in Munyon’s Witch-Hazel Soap for babies tortured from teething rash, hives or red c in its soothing, softenin old as well young w! skin, scalp and hair, » healing 10 want __ Bathing | and Financial, ENNIS & STOPPANI' Cor dated eu Ms ¥ stomvore | See reduce Esshangs, (Mets 1865 mn ARO “avo ERS, onan sauatl re a aie or arn by skin irritatious of whatever description ; for babies suffering hafed flesh. ‘There is hope for mothers when wrinkles and lines begin to show, Properties, And there is hope for better complexions, and healthier Sold evry where; 15c. per cake, Banking and Financial, (HAIGHT & FREESE 0, o ac x. BONDS, Ghdin, COTTON, ned Le wend FOU UPON request ad ineiraced “OULDE TO IxvEATORS, ee STOCK AND core Man MST LETTORS : oe = SS nS EON The ty action a owing to t wan victorious in the first! cided some month ant cotton by @pot houses, the respon ) unexpectedly strong enables was thee poor. Yesterday's leading buyers sok cotton and, after the call, general real- izing by the pit element and athers caused declines of 3 to 4 points, Mai wae bid up to 889 at the start, but Almost Immediately dropped to 8.84 and | thereafter was thateriatly casier than t deliveries, Receipts at port it 25,00 bales, against 17,000 last The weather seemed to be clear the South, but wire troanie difficuit to form an avcurate Most sinitias, only one technical =| Ty a of differance being raised. ; The action decited to-day by the) ‘ VGourt* of Errore and Appeals was — marked by bitter statementa by the opposing counsel, each side charging Manhattan's Statement Shows! J bad faith of the outlooks Ta 5 New Jersey Court of Errors Re-)"yine wuic was tia: wrmiant ov J. A.| 85,000 Daily Increase During crfimariat eendted’ tp a iia on ove Aspinwall Hodge, after a decision had r. ‘J FS 3200000000 "Littaten weltcrctstits tects Final Quarter of 1902, | ss ROHN BG. a ah a $200,000,000 Litigation Is tion In a previous sutt instituted by Mrs, | July, 8.87 te 8.88; No whitten opinion was Suptember, 8.27 ofteted Ch Oetsber. Rub te at an End; Hied to-day. The members of the court) he statement of the Manhattan Be | The ee prices, were: February, after @ conference took a vote which | ented Railway Company of {ts earn: se to tn 4 Toh. 8.91 to 8,92; Aor Festilted as stated. Justico Van Syekle | ings, a&c., for the quarter ending Dee. {to edt: Tuy, oe STOCK UP ON THE RULING. | “Zsrine! © site the onimion of te TTA Snows Taree Increners in the a 'Soptemiver, $3 tok court. [number of passengers carried and in |to 817. There is now no legal impediment to) the earnin the ateel corporation carrying out its plan unless the case should be appealed s, and large decreases in th | operating expenses, The roms earnings was §3.211,373—an ———— F IN MEMORY OF MR. HEWITT. ~ TRENTON N. J, Feb. &—The Court I Giates i gupremer Court, | dnc of $374,2%: the operating e ot Errons and Appeain to-day unant- | ope idi $1,256,635" decrease of $10.33;] 4 memorial meeting in honor of the mously reversed the decision of ¥ice- eatin t) iss ape late Abram S. Hewitt was held to-day by the Chamber of Commerce, The umtal order of business was dispensed with and the entire time of the meeting was taken up with heartfelt. tributes to the "" in announcing a vic 80, version euit was announced in el at a ineteann ot eeatie By Swi Ay esint eres a yi e day during the tast quarter of Chancellor Emery whtch enjoined the United Staten Steel Corporation from converting $200,000,000 worth of its 7 per —_— and some at even second-mortgage bonds. Small-P. — Mayor Low offered a set of resolu- This decision means a complete vic- tions and also delivered an address of dense ' (joods(‘o. SIXTH AVENUE, 21ST AND 22D STREETS, N. Y. : Friday and Saturday Are the Great ee of 3 | 1/ Former 4 Prices! ENGTH, SKIRT LENGTH or DRESS LENGTH—no matter WHAT THE SAC- RINE END. BE we never make Remnant Day until we are readv—THEN DO IT EMPHATICALLY! lain figures so that customers can instantly see the values. Retail prices ee cate Ante cal Side a price will be spat on each Remnant that prompt selling ae cent. preferred stock into 5 per cent ita. do wigh egret. tabutes fo tory for the Steel ‘Trure and ends atl the | ¢,The Phoonls line ste Hdulbeatt bbl eulogy. Other addresses were delivered nd converting {t Into bonds. mall-pox acon | Oprtana Antnete onemenl of Black and Colored Dress Goods It is the re of this Department to close out at the end of each season EVERY REMNANT—whether All remnants, from half a yard to ten yards, are measured up and placed on special counters and be inevitable. No mail orders filled. No goods sent C. O. Colored Dress Goods Remnants—Waist, Skirt = Dress Lengths! 5061 FRENGH VOILES—Values up to =/43-INGH. ALL-WOOL HEAVY. ETAMINE) 50-INCH AND 44-INCH ALL-WOOL MIS- aie hid SAN SING STRIPED | CANVAS, 35-INCH ALL-WOOL FANCY |TRAL ETAMINES, 50-INCH ALL-WOOL 1:59, Pé per yard—special price WAIST CLOTHS—actual value PRUNELLA CLOTHS, “44INGH ALL I7iprLINE CANVAS, 454NCH ALL-WOOL ? aaron glee 12° Neer SINGH Ne WOOL S SAVY IMPORTED HOPSACKINGS, 42 TO 48luIGH CLASS IMPORTED SILK’ Parser irks BRIETTA CASH-|STORM SERGES—alues up (0 INCH ALL-WOOL WHIPCORDS, AR-|AND WOOL AND ALL-WOOL MERES. SINGH. ALLWOOL oii! 75. per yard—special price 35° | MURES AND VIGOUREUx sUIT- c/GREPES DE PARIS, NOVELTY TROSSES, 50-IN. ALL-WOOL S per yard JINGS—values up to $1.25. per \GREPES, EOLIENNES, EM AND FLANNELS, 36-INCH ite Woe yard—special price, per yard,... |BROIDERED RE Pha he % MISTRAL ETAMINES, 44-INGH ALL-|54-INCH HEAVY PLAID BACK SUIT- oe TWILLED-BACK( ee SaRSLONDON Twin WOOL SURAH SERGES, ALL ~ WOOL INGS, 4-INCH ALL-WOOL ETAMINE |52-INCI ALL-WOOL sat, TWEl S| TUCKED BATISTES, ALL - VOILES, 4SINCH SILK FINISH ALL-|BROADCLOTHS, 44-IN. PRENCH PANA-lHEAVY THIBETS, KERSEYS WOOL CHALLIES—values up {wou IMPOR |MA_ SUITINGS, 50-INCH ALL-WOOL|AND MELTONS—values up to to 69¢ per yard; special price, 25 CLOTHS —valu SAILCLOTHS AND ETAMINE CAN-'$2.50 per yard—special prices, Hera one : per yard—special price, per yard VAS, M4-INCH ALL-WOOL PLAINIper yard.r+eese. A Black Dress Goods Remnants— Waist, Skirt «= Dress Lengths ! 4 : ’ ’ LL-WOOL ZIBELINE) So-INCH ALL-WOOL STORM) ALL-WOOLBROAD-) - ENGLISH CASHMERES, | 45NCH ALL WOOL BEAVY | SOINGH ALL-WOOL | ZIBELINE) sONCH ALL-WOOL STORM |ALL-WOOL BR Q A De a FIGURED ETAMINES,| DIAGONALS, SHINGH ALL | SO FANGY. MISTRAL |CANVAS CLOTHS, &INGH Secrest ANE Be 5 FANCY MOHAIRS, STORM | WOOL STORM SERG NOVEL TEs. PLA Cc FANCY CORDS, ZIBE- LINES,HEAVY SUITINGS, ETAMINES, 44-INCH IMPORTED | ALL WOOL VOILES, 50-INCH NOVELTY VOILES, 45-INCII SILK | HIGH LUSTRE MOHAIR SICI- FINISH GERMAN HENRIETTAS —| 1 teNNE—values up SERGES, MEL TON! INCH LUSTROUS MOHAIR | CLOTHS—values up to) BRILLIANTINES—values up | §0c. per yard— | tu 60c, per yard C | values up to $1.50 per Cito7se per yard— 3 jetc.—values up to $1.75 75° ao ) er yd—special prices ey erie Pfr 15° | Hi pe ad t 25° | } lee apes nee | special price per yard 5 erie ee 4 U ‘ rary f ee ee er er ee Best Groceries ars wer than Any Other Store in Town! oF OUR ATTRACTIVE SPECIALS FOR FRIDAY AND SATURDAY! Smoked Meats at Notably Low Prices! Me Sell Remarkable Silk Bargains! 69c, and 59c. Silk Remnants for |69c. Imported Check Tatichas fae for These are black and} Cents | These Imported) | Check Taffetas Per come in large, me-| Per Yard) | dium and small size | colored Remnants "| effects, in buck | Silks, in plain and jand white as well! fancy weaves. All) the short lengths of new and desirable !________. i oe) : inds needed 4 white, T teeta" "| Westphalia Ham—— |Smoked Beef simi" } Sy*iims, “any “woman who ay os O° hr ae dares pee 20¢ 4} cannot fall to be struck with the bargain | in such popular demand for suits Boiled Ham "936 | reich Ey richness of this offering. | shirt waists. | 20c,; sliced, 1b rish Ham Gn"'s* Anteononerenerene ’ ‘yor ‘oll | Bc | FOOBEES ine” 7c iar men OWE '35C Tt The D D York, pounds sce csreree large smoked... ” Fish News That Will Save You Money! i 0 im fan nc y ope *Frenh amok imal Nore) | Salmon Cutlets 7s" Tat Bestest LA beng Pals ah og 2 He In 40 12mo Volumes, Smoked Herring "yg Pry |, Mackerel ere A BS Ale; ote 4 Durably bound in extra cloth—never before sold except by leriolas, per ae riit is make . . 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