The evening world. Newspaper, February 6, 1903, Page 4

‘KO HALT IN UPWARD TURN. elan Muddle, Fears of ‘Bank Statement and “Fi Kept Trading Down. INO SPECIAL PRESSURE. stock market was influenced to- fehiefy by renewed uneasiness in : tion with the Venesuelan em- Mrogiio, assurance that to-morrow's Phak gtaternent will bo a bad one, and Hy ‘the delay tn official announcement the Rock Island-Union Pacific deal. _ ]ffhere was at no time any pronouncea ure On the miarket, Dut rather ‘abzence of new buying energy. ‘The was that the aggregate volume Dusiness was only about half it was fo Ghys ago, and values sagzin; bear contingent, while strongly ed to organize a raid, was d trom so doing through @ fear that “might de walking into an open ‘The bulls felt that they would doing a wise thing by curbing their usiasm until certain pending devel- nts wete In a suMiclently advanced, to admit of authoritative adver- ness and fractionally lower prices Whe consequence. No stock suf- especially, although the average "BE Quotations was lower to-day than on r y. About 1-2 point will be am- measure for thé mean decline. which was one of the wenkest for the mean decline, turned and rose above yesterday's final ys. <Amalgamated Copper and d. States Steel were conspicuously and held out well against ‘prevailing weakness, although both jerlenced reactions early in the day. bie: orrow's bank statement cut quite in the market talk. The heavy Hin upon the banks by the Sub-Treas- ¢ and a reduction In the amount of ey coming In from the interior were spolnts most adverted to, There was Biko considerable speculation as to the stent to witch receat large payments [money to and by corporations might Fefiected tn the statement. It would on no suprise in the financial strict if the reserves above legal limits be cut down $10,000,000 on the Mstreet” ia .confexandly curious to w the details and terms of the Rock d-Union Pacific deal. Untll are signed and everything ar- “there is always an element of ity in these deals ana the awaits definite knowledge. 4 one of the matters which con- ute to the unsettlement in the the latest turn-in the Venezuelan tier is regarded as somewhat dil iquiec: Not that there ds actual fear his country may become seriously nvO! 06, a, Jet Bt the samo time there is of the “unfinished” about & suggestion of an: mn ase. f traders and investors, ———_—__ ‘The Wheat Market. ‘ane local wheat market opened higher , belng influenced by the firmness Liverpool and smaller Argentine ship- than expected. Shorts were the lpal buyers, May sold at 821-4, or of a cent. above Inst night's final re. Corn opened steady and about pchanged. From the strength of May at In Chicago the trade assumed hat there has been some armour buy- . The public cable from Argentine as follows: “Local rains are re- orted noe ihe Interior, | The heat has hest ever regisiere: eaporabie surplus of wheat , Opening elves | were: Corn—May, BL 3-8, #9 nine prices were: Wheat 91-8; July, 741-2 to 743-8. ty M18 to 4; July, 483-8 to ember, 43 3-1 ‘ork’s closing it=--March, 84: May, offer 291-8 offered, Corn ruary, a: March, (1 3-4 offered; May, di 4938 offered. fe ld closing prices were: heat 5 1-6 bid; July, 38 to 14 rices were a e-February.' 438 offered; May.4 Ro ie July, 44-8 offered; September, 3 1-b offered. Perkdpn) cigarette. ybacco Company? BULLS AND BBARS OF WALL STREET. a: Plorpont Morgan arrived at his office to-day at the weual time, smoking « He habitually smokes @ big, black cigar. ot ap lighter mood, or is he only booming another product of the American We ah tien ‘Whaley DRIVEN OUT BY “TOBACCO TRUST Jeffreys & Co., Last of the Old Line Wholesale Cigar Dealers, Are Forced into Bankruptcy by the Colossus. SELL OUT OR BE CRUSHED.’ Crushed by the Tobacco Trust, Jet- freys & Co wholesale and retail to- bacco denlers, of No, % Fulton street, have filed a petition in bankruptey, with Labilitien 43,578 and nominal assets of $17,117. To an Evening World reporter Charles Jeffreys to-day told the atory of the encroachments of the combine and the downfall of the firm which his father established forty-three years ago. ‘We were the last of the old-line cigar dealers,” the said. “Unable longer to stem the tlde against the trust, we were forced to throw up our hands and quit. Our experience is nothing new to the tobacco trade, and we have simply gone the way of many others before us; yet in a somewhat different manner, for we @ld not soil out to our gigantic rival. “Our credit was that good, tf we cared to fall for 960,000 profit it could have been done easily, To protect all of our creditors equally and not let the Tobacco Trust get all, my father de- elded to take advantage of the bank- ruptey act. “Elght years ago the Metropolitan Tobacco Company was made the dis- tributing agents for the American To- baceo Company, Up to that time we supplied the small tobaceo stores within @ radius of eight biooks of our place of business. This trade had Quilt up and, while the jobbers’ commissions: were comparatively @mall by the week, In a year's time the sum was consider- able. The lous meant a great deal to| us and our appeal to the American Fupheoe Company was met with a re- ‘here yet ramained the retail trade. ‘Then came the United Cigar Pita ee any three years ago, and while infoad has been gradual, it waa n the less sure. ‘The American public al ways goos th for @ novelty, and the department store idea of cutting prices on the ‘leaders’ resulted in a consld- erable lows to us in the volume of trade done, These new-fangled stores make thelr money on the cigars which ate not known to the public, “The Lead or pate new retail arm of the Tobacco Tru: either to buy out the retailer or Open place in hens Has Mediate vicinity of his store, I polnt to olgar-store wrecks all over ons ter clty a6 a result of this polloy. if course, the ras oe ot Brera along Pulton street sini ho running trol- leys over the Brooklyn Bra e ie Fea Gome, effect upon our trade, put the direct cause of our failure Js’ the el in prices by the United Cla phones | Company. “Not & judgment is on record eoueiaet My father took time the forelock and decided that nia © eredte tors should #hare alike fn the iatribus tion of tho assets, Hee ‘i idea in wR clay business was t hawt if you got man's confidence you rade, This order of things has hen der ryed, The confidence of ‘the public hi shaken, and the Tobacco Trust to blame for this condition.” Arthur Jeffreys, founder of eo, Co,, ma @reatly Pg poked by ae le frable home, 1n Newark, ‘hte Sannin The business will be conducted by his @on Charles until the court has appointed a receiver to wind up effairs, ee pay DEFIED TOBACCO TRUST, TOOK POISON AND.DIED one ys aa lure. ‘The fear that the United Cigar Stores Company, otherwise known as the To- baceo Trust, would absorb his business, Is supposed to have been the cause of the taking off of Frederick J. Bchaan, one of the best known dealers in that line tn the city of Newark. It is be- iteved that Schaan committed suicide, He died in great agony last night after suffering for hours from the effects of oxalic acid poleoning. He took the pbivon eeny in the after- noon before ol ng to his home, which be xt door to his place of biriness MK Broa ant Street and Washington place. Dr. Washington was catied at but was upabié to save him, It $8 paid that Schaan had been wp- proached by the Cigar Stores Company to sell oul, He refused and they at once beggn to undersell him to such aw extent that he foresaw ruin was In- evitable, He was ® prominent member of the val Arcanum, the members of which Will participate in the funeral sereces, which are now being ai usrarieed, What's up? Is ite PE Oe MOE TS, ‘THE WORLD) FRIDAY EVENING, FEBROARY 6, luvs. - THE CLOSING QUOTATIONS, Bhy F: High, Law. Clo. Shares. Hijet Chor. 38.20) Amalgamated Copper. 60 Oa] TMBSitock mand pees AL sik 109 Am. t. im. pl.. & 2,100 Rubber Goode . « By i Ms 400 Rubber Goede pli. i $0 tuttand pt 7,700 Southern 64 0) Southern 400 South. 6,500 St, 1, aS FEE LES fe ea gusesiasuerues OPES 400 Virg.-Caro. C 200 Vulean Det. 3,600 Wavanh eS PEELE S. 309 Colored Southern... Col. & Hoek. Valley. 2,000 Col. & Hoek. Val. pt 4% Consolidated > 2B ¥. By FER E. asaees Bae ee = Sie ee Ferte & Eee 1 1 2 ie 178) i MyM 3 Uy 7 2 Pe BK KD 70% Me 102% 102% 102% 6 1% 41 rt it 1% 78 36 fi sia debeieh 3 Ee 3 Ee ae z Eze ? FA 3 = Re » Be es aT 4G a 8) bs) eat shares. Wis, 1 pie + 68% BA ‘rotal aia ‘of stocks | were 138 th ICE TRUST IN A DEAL. American Agrees to Divide Trade with the Hammond Company. It is reported that an agreement has een reached between the American Ice Jompany an ce 8 Com- any by which a GOLD EXCHANGE PLEASES BANKERS Secretary Shaw’s Ruling That Coin May Be Given for Nego- tiable Orders Liked. Rock Toland ammi| vision of territory will be made, leaving the American Ice the Atlantle seal e the Ha: mond Jee Company will have the rv of the field. Tt Is also sald that a holding, company may be Formed which shall fe control of a L enaserity ‘of the stock of each com- pany and prevent the Invasion of each bther's, Mertitory. though 0 actual con- solidation is contemplated. SHIPPING NEWS. ALMANAC FOR TO-DAY. Bun rises., 7.05i8un ette,, 5.28/Moon vets., Tinanciors are pleased to learn of the ruling of Secretary of the Treasury Shaw whereby they may exchange large sums of gold coin fon orders which ai non-negotiable, Under the act of March 14, 190, the privilege, while not restricted to banks, was vague and Indefinite, and at the Instance of Asnistant Trénsurer Roberts other Treasury officials this right has been extended to individuals well as banks, The benefit to be derived from this exchange 1s obvious, as the gold certin-| 1 ued In place of the coin are in thp nature of chocks or drafts on the Government and cannot be negoti- 1.36 THE TIDES. Bandy Hook Dovernor's a Rell Gate Ferry, PORT OF NEW YORK. Tutatan THOOMING: BTRAMSHIPS ‘TO-DAY, ated except by the indorsement of the] gj. SP aaa Anchors, Gleagew, holder Clty of HAL Banden, Amateldyk, Rotterdam, ‘Thus the element of danger from theft | (7% papnyiite. or accidental destruction 1s effectually Havinay Mivase: ie Tutor bribes, Bunderiand. OUTGOING STEAMSHIPS, BAILED TO-DAY. Jefereso, Norfolk. Foquols,’ Charl etton, Toutsate, Liverpool! removed, as new orders containing the name of the holder will be issued in denominations of $10,000 on the presenta- tion of evidence that the 61d orders) Nter have deen destroyed or misappropri- ated. THE Company \to"@upply the iarge cltles of | Hi “| poor response Oppenheimer Institute Has recently enlarged its capacity and is now ready to meet all demands for treat- THE LATEST NEWS OF THE BUSINESS WORLD. BOND TRANSACTIONS. Am Cot Ol 4g Col F & 1 gen be ES ad 4000, 10 «hy conv be M ‘ Am Spirith in Cin. i 9 cole & ALT 2 8 F 000... 9 Col ee det ~~ BS % 000. bite Kean, City’ Go Be, 60000. Lane Wiles Vilices 434 1006. ia" Manhatt OUTSIDE MARKET DULL. ‘Northern Securities One of the Lenders on the Curb, The curd market was dull to-day. Northern Securities sold at 113 7-8 Ma- rine changed hands at 15 1-2 for the common and 42 for the preferted. M. & B. was quoted at 21-8, San Francisco in at 791-2 and 79%. Tamanack Min- Ing sold at 1788, The opening range was @s ‘follows: Northern Beeurit Bid, Asked, LONDON MARKET QUIET. ‘The London market to-day was quiet but steady. The general undertone was 00d, but the approach of the settle- meant has caused. a lack of gpeculative antoreat enutcyt: Grand Trunk sears strong, reflecting the sat! actory “ivident declared, South at re he wc securities were a hi ower et. ae The Cotton Market. The loch! Cotton market opened steady to-day, with prices 1 to 2 points lower. Liverpool cables and the weekly a tistics were bullish, but there wi a in the loch! market, moderate selling for short There w: oa | secount we sorunipeton houses took profits In mall way. Later there wa: a slight | rail are which @ decline at) Liverpool sent pri here 0 i dune, seteniber, ptember, to 8.18, « te “AY oe ] 43 io SER di Sa, 6.16 Total sales of bonds (par value), 53,649,000, Seyaranest Bonde. ‘Bid. Apkeds 119 u Banking and Financial, HAIGHT & FREESE CO. G2 BROADWAY. N.Y. STOCKS, BONDS, GRAIK, COTTON. We will be pleased to send you upon request our 400-page cloth-bound Miustrated “GUIDE TO INVESTORS," alzo STOCK AND COTTON MAR- KRY LETTERS, Inu: cretis, mailed free, bau _MUMM ry Extra Dry. into this country during 1902 were ‘i GREATER 'y pe eata bottles than Zi any other champagiha: Bottles Imported, Mumm’s . Extra Dry, 1,508,628 156, Ace andlig | ‘to Allatro's Ciistoni-Htoueo Statietion, 1898 Vintage of Mumm's Extra Dry, \Now Arriving, tined to make a still more emphatto Increa ‘The Last Call— ‘Winter Overcoats, $8.50 ©. We’ve whipped into line about all the Overcoats remaining from the $15, $14 and $12.50 sorts, bunched them :to- gether in one lot—piled: them up on a few tables, to make the, picking easy. $850 Isn’t necessary for us to.say much about ’em. They’ll do their own talking. We don’t expect to see any of them .left after to-morrow. WM.VOGEL& SON, | BROADWAY, HOUST ON st. ! Neckwear that.was 50 cents and $1—four-in-hands, string tied, squares, Drops to 35 cents—-3 for $r. and Underwear that was $1 $1.50—warm merino, _ Drops to 55 cents. Rocers, Pret & ‘Company, . faronde site Cit; ba hd Se ee am wre Brostway, sor. 1th, We pale 14g ita ve. ata 3860 ay. cor oman Bb ‘4 TIP—The way to reach the homes of New York is through wv the newspaper that the homes use to reachstheir help, That PApSF is The World. Moe Levy & Co | pe 425 Walker St. ctehicupiccl banc Postscript. for clearance is necessary on our it for us, We literally dare Prices Always 4% Rich Evening A Less Than the Lowest. —U c. received this day from our builder states that he proposes, to-hold sway. in our building On February the 12th inst. to make all nterior-alterations previously eae Just double the action . Results have got to’be accomplished, You have got to accom. you to refuse the economy of these offers. pparel FallsUnder the Knife Full Dress, Suits that sell 3 80 e fleewhere Secondhighest. . + 1,101,324 Third |“ +: + 996,072 Fourth “ . « « «221,616. Fitth = + . + 194,892 Sixth. - . a. 3 6% 7 58:85,88674 57 t Seventh 472 ment of cases of alcoholic intemperance and drug addiction. ' For information as to terms or treatment, apply in person to the Superintendent at the Oppenheimer Institute, 131-133 West 45th Street, New York City, or 25 Piquette Ave., Detroit, Mich. For literature and general information, nae) by mail to the Executive Offices, 170 Broadway, New York. | DIRECTORS: JANES Hi. ALEXANDER, Formerly Vice-Pres, Standard Oil Co. SYLVESTER T. EVERETT, Banker, Cleveland, Ohio DANIEL APPLETON, Publisher, New York CARL MH, POWLER, Carter, Hughes & Dwight, New York H. MH, ATHERTON, New York GEORGE HALDORN, Mining Attorney, Butte, Moat, JOS AYMAR, Lawyer, New Vork OLIVER H. LAU, 1.D., Sergeon, Detroit, Mich, LEROY W. BALDWIN, Pres, Empire State Trust Co., New York’ JONN MatGINNISS, Vice-Pres, United Copper Co., Butte, M ARCHER BROWN, Rogers, Brown & Co., New York ° KENNETH K, McLAREN, Secretary Corporation ‘Trust Co,, N, " ayer & R. BROWN, Banker and Brok ISAAC OPPENHKEINER, M.D., Sergeon, New York £, ¥: Me Formerly Manager Parke, Davis & Co, Mig, DWIGHT W, PARDBE, Asst, Treas. L. 8. & M, 8. R. RCo, wists, Dettott, Mich, LEONARD W, SWEET, Wholesale Jeweler, New York ADVISORY DIRECTORS + CHARLES H, FOWLER, D.D., LL.D, Bishop M.E. Church Gem, H, C, CORBIN, Major-General U. 8. Army wv, HENRY C. POTTER, D.D., LL.D., Bishop Pret. Epis. Church Hom, CHAUNCBY M, DRPEW, U.S, Senator from New York Rev. GEORGE DANA BOARDMAN, D.D., LL.D., Baptist Church, on LYMAN rey Ex.Secretary U. 8. Treasury Philadelphia Rev, S. Pi CADMAN, D.D., LLL.D,, Central Congregations! Mem, MARCUS A. HANNA, U. 8. Senator from Ohio "oaks ‘ Hoa, KNUTH NELSON, U, 5. Senator from Minastots Church, Rev: ROBERT COLLYER, D.D,, Messiah Univerian Chy,New York How, ROBERT B, PATTISON, Ex-Gorernor of Pennsylvania Hom, tH, ©. PAYINE, U.S, Pootmasiee-General Rov, RURTRL. H, CONWELA, D.D., President Temple College, Hen, LESLIE I. SHAW, Sectetary U. 8. Treasury smrtet, 2 By tar the mbat successful trader on the Moor of the New York Stook Wkchange is “Jakle” Field. Reticent (o the aegres of “no questions answered,” Wield retyses to advise any one on any security in the list. He keeps : peagtion for himself. Nobody knows how “Jakle" Is going to play thi it is al over but the shouting, The most peculiar feature In hin mal “inborn Jove of luxury, Though he began as a poor clerk In @ Droker's| oe over twenty-five years ago and made all his money by his own efforts, he Pin épjoying ve best in the land. If he dosen't feel Just right when he iaiens in the morning, he docs not go down to his office at all, Mr, Field has & handeom sult of rooms on Riverside Drive, a feature of the fittings belng a f Which he has installed near his bed, so that he can watch the fluctuations ‘market without the formality of drevsing. As bis telephone ts within, Ing diatance, he can quickly advise his clerks what to do tn his abi Some Hints from the Men’ s Clothing. Conte: $8.50 for Men’s Suits and Overpass sell elsewhere at $15 . SLL. 90 for ee Suits and Ovetcoats; -sell elsewhere at $18 O foe ’s Suits; sell elsewhere at $25 OO for Tourists’.Coats; sell_ elsewhere at $28 $19.70 for Mén's Overcoats; sell elsewhére at $30, $15 and $20 Saat Yours for § Our régular price is $12 to $16, Just 254 Suits to suit 254 lucky r $ Not all sizes ‘in every style of Suit, but all sizes in all the-Suits, You can't help getting double and triple your money’s worth, ‘ - eu 8 ‘Of the Important roie played: by modern electrical instruments in em of the’market, ‘tds now recognized thar the bulk of the buying onters ah few days have been coming over (he wire from Palm Beaoh, Fla, os orders coming trom John W. Gates, who, with other mugnales, now ane auite ® fmancial colony at the Bouthern resort Clothing, 4 1 ¢ for Mother's Friend Boys! Walets, Regular $2.00 aud $1.40 log at 96] | al Be , 78c- } Buede ‘and Mest woly.t, t . Reed! Chaiiman ofthe Hourd of Directors of the Rook Istand compan: ie for Europe within a fortnight, ‘Dis will be the first vacation he hi Min Over two years, in fact. #ince he and the Moores purchased control Kalas has been very busy taking care of all his interests and has hed befdr pleabure until now, Rego isan affable n friendly to all in the i great lover of fine horges and has just built a stable which will enimale, yen thie new structure Is not large enough for his “ate many of tis horses quartered at various other places in the wid W. B. Leeds are nlao lovers of horses. for Boy. Overs where $5.50, Rev, P, 8 HENSON, B.D, LL.D, Hapron Pi. Bap. Ch., Brooklya Rev, J0 a 1 aauigh dlecisoueies ew ‘ie ' D.D., Madison Bquare Presbyte- ¥, C.K. G. Billinga'and Anthony N: Brady, who have been al) 62s companies i) Parks, ate greatly Pariy that the city officlais there are