The evening world. Newspaper, March 3, 1903, Page 9

RECEIVER FOR J. OVERTON PAINE ‘The Young Man Who Played . Meteor in the Wall Street As- tronomical System, Comes to the Usual End. GONE, CREDITORS CLAMOR. BMifles M. O'Brien, jr., was appointed fectiver in supplementary proceedings for John Overton Paine by Supreme Cobrt Justice O'Gorman to-day on the epplication of H. W. Hardon, of No. 6 ‘Well street, in behalf of Joseph B. C. ‘Tuell, a creditor of the vanished broker in the sum of $2,296, Mr. Tuell, who is a New Bedford, Mass., man, began proceedings against J. Overton Paine & Co,, claiming that he had been defrauded out of $2,296, and Obtained judgment for the full amount on Feb. 18. He has been unable to col- lect the amount of the judgment and be- gan these supplementary proceedings to- day. He is also seeking to attach Paine's seat in the Produce Exchange. Paine has deserted his former luxurl- ous quarters at the Waldorf-Astoria. ‘His brokerage offices across from the hotel are closed. His lawyers say they have no knowledge of his whereabouts. Paine is entirely obliterated as a fig- ure in the local financial world which he once aspired to dominate. Of many remarkable carcers in Wall street his ts the most meteoric. Ten years ago Paine, a native of Geor- gla, came to New York from Florida .With $100 in his pocket and one suit of es on his back. Within elx months © was a millionaire. : “Iam going to make the greatest for- tune ever amassed In Wall street," he leclared. People helleved him, and not intirely without reason, as his financlal coups wére Napoleonle. They have a way of taking the conceit out of young men in Wail street, however, ana when young Mr. Paine waxed troublesome he soon found he was only a pigmy in the hands of the giants. They took him up by the heels and drew him across their knees and spanked ‘him. Incidentally they shook ell the money out of his clothes, Paine ran his little shoestring capital up into the thousands before he got into the Consolidated Exchange. Then he conceived the idea that Brooklyn Rapid Transit would be a good thing to ham- Actually he was mistaken, but luck favored him, and after he had put gut a long line of shorts ex-Gov. Flower dled and the market broke In his favor. He cleaned up over half a million, and @ Was not yet thirty years old. He followed thin with a raid on Suagr, car- ALL THE LATEST WORLD: TUESDAY NEWS OF THE BUSINESS WORL EVENING, MARCH 3, i900. Feil __ - J: OVERTON PAINE, BEAT WALL § O0LOOOOO BOSCOOS S090 90G-060 BOOS gest money in the street ngainst him in this deal,” but he outwitted his rivals. He wus worth all of $2,000,000 w! h closed out, and he formed a Stock BP: change partnership with 3. S, Schuyler, but the bull clique had a taste of Paine's methods, and they raised such ob, tlons ta’ Paine's admission to the change that Mr, Schuyler was com Delled to withdraw from the partner: ship. Paine never recovered from that blow. His former luck deserted him, and his many partnerships in discretionary bro- kerage firms involved him in constant rs WHO WAS TO TREET, BUT DIDN'T, ® 99OO0909G0O9OO P29 DOCLSOOOLL-2O692- 98999290 F-9905O IHD O886326H o ® litigation He was sald to have been a partner in the firm of Louis H. May & which ha r women, In served thé fair customers while they were bucketing the market For three years past Paine has heen in constant litigation, He was impris- oned by an alleged’ creditor against | whom he subsequently obtained a judg- | ment of § for false arrest, | Re- cently a er of judgments havo | been ‘rendered against him, but no trace of hin could be found. GRAIN FIGURES DOWN. Decrease in Visible Supplies of Wheat, Corn and Onts, to Bradstreet's this week show the fol- lowing changes in available supplies as compared with last accounts: Available Supplies, Wheat—United States and east Rockles, docreased.. Afloat for and in Europe, Ine: Total supply, decreasod.”. Corn—United Rockies, dec Oats—United § Bushels, ried out with jceat daring and manipu- itive skill. Painé had some ot the Bise English style Peram- bulators, if —import- ed would $20 cost $40, our price...... to present to the public. Lawns and striped Madrases, on Heay, collar, Special cable and telegraphic advices | an advance of 1-4 cent on May, and wheat followed with a raise of 1-8 cent, ‘The short element was interested In |the firmness abroad and a searelty, of |sellers. The markets in the Southwest |were also up a little, although not enough to give color to any talk of crop | damage. New York's opening prices were: Wheat May, S18 to 14-2: July, 785-8, Corn 10" 8 ng prices were: Wheat May, 17 5-8 to 77 del) July, 13 78 to TBA to 8. Corn—May, 471-2 475-8: July, 45 to 451-8; September, 41-4 to 443-8, New York's closing prices were: March wheat, -8; May, 81 3-8 bid; 8 bid; September, 76 3-4. . 57 5-8 bid; May, 63 1-2 of- BL 1-8 closing prices were: May offered: July, 73 34 bid; 72 1-8, March corn, 45 1-8; 4; July, 45 1-8; September, [BEARS RULED THE STOCK MARKET Calling of Bank Loans and Fail- ure of the Aldrich Bill in the Senate Factors Which Helped Them Along. NEARLY EVERY ISSUE HIT. There was a clear way for the bears in the stock market to-day and they took advantage of every opportunity to hammer values. ‘The entire list felt the effect of the attack, prices being down from 1 to 4 points. The calling of loans by banks, prospective tight money through the blocking of the Aldrich bill and the loss of over $4,000,000 by the local banks to the Sub-Treasury were factors which helped the bears along. Prices quickly dropped after the open- ing, and by the end of the tirst hour the entire list showed fractional de- clines, The selling movement was in- creased on the announcement of the failure of a Boston brokerage firm, and considerable liquidation was indulged in before it was realized that the sus- pension was an unimportant one. Numerous stop ‘oss orders were un- covered, with the result that prices gave away all around, and the leading Issues showed losses of 1 per cent. The rail- road stocks were universally weaker. The local traction group was excep- tional, being well maintained at the start. Metropolitan Street Railway ad- vanced 1 1-2 per cent. and Manhattan 1 1-4 per cent,, but both advances were soon lost. Colorado Fuel and Iron sold down with some rapidity, scoring a total loss of about 3 per cent. declined a point and Sugar Refining lost 6-8 per cent. and then railied 13-4 polnts, subsequently losing all but the fraction, In the railroad list the speculative {s- DR KOCH CALLED BACK He returned to New York yesterday after: noon, On account of the many letters of Foquest sent to the offices at 48 West 224 St. New York, asking him to return for further consultation, the New York Company have, after much ‘persuasion, sent for him to re: can ir. Ki world as the inventor of. th jon Apparatus, whicl from consumption, asthma, bronchitis or eatarrh to breathe the heavy healing oils and Tuberculine directly Into the lungs and air tubes, making it possible to cure these Aireases. Nainsooks and Lawns, 8c. Remnants of Nainsook and 40 inch wide Lawns, BasKet Weave Cheviots, 123 c. Yd.; Oxfords & Piques, l6c. Yd. Dainty openwork striped Oxfords and plain Piques. Dainty Brilliantine Waists, $1.98 Made like the illustration, of a very good grade of black brilliantine, with smart tailor stitched plaits, yoke over shoulders, shield front, finished with moire buttons; pretty separate stock collar with tabs and button trimming. These waists are made perfect and nicely finished throu, out—to-morrow . Brilliantine Waists, $2.98. Of better quality than the above; made with box-plaited front, back and sleeves; cuffs and collar, linings—sizes 32 to 46, Black Elamine Waists, 98c. quality black cotton etamine, made with tucked front and smart separate turn-over stock fitting _linin £$1.98 pointed All made on perfect-fitting Becond Floor, Bit Bt. Section, ef gece cae cele aes tae iia aaa, i gts | ‘Men’s Terry Bath Robes, $1.98 These handsome Bath Robes are of a fine grade of terry cloth— the very best domestic towelling—with good heavy nap and ab- sorbent, They are liberally cut and a good length; have shoulder Straps, armholes and entire front and skirt piped with sateen to pre- vent sipping. Neck cord and heavy girdle to match Robe, Not many in the lot—about enough for one day's selling, so early selection is advisable—all - Medium and large—pick to-morrow at, each...., $1.98 Main Floor, Oth Bt Section, sizes, small, . BLOOMINODALE 34 Avenue, soth and reets, A Rich Field of White Goods. Infinite variety, exquisite designs, beautiful textures, charming and effective weaves, make the sum total of the most fascinating and pleasing collection of handsome new. white fabrics that it has ever been our good fortune ) There are mercerized mattings, madrases, oxfords, cheviots, satin damasses, bourettes, piques, plain, fancy embroidered reps, etamines, etc. Dainty Sheer Materials, 10c. Yard. Extra quality and very sheer lace striped Dimity, satin striped Figured Piquves, 18c. Yard. Beautiful lace striped and figured effects, Mercerized Madras, 19c. Yard, Particular attention is called to the splendid showing of Mercerized striped and figured Madras; fine quality, Other Beautiful Eftec All grades; all weights; all wea to $1.50 yard. better values, and our re: wonderful value-giving is superseded by none. A watch to bea real, must be cheap—and must Women's Solid Gold Watches— Open face and hunting case styles; with American, Wal- tham and Elgin movements; values up to $25; special, $12.95 and gia, Men's and Boys’ 18-kt, Solid Gold Watches—Hunting case and open face styles; Waltham and Elgin movements; values up to $29.00; special, $16,650 and $17.60 Women's Solid Gold Watches— Fine Swiss movements; open face; elegant value at §10 and $12; special, 95.95 Men's and Boys’ 14-kt, Solid Gold Watches—Waltham and Elgin movements; open face style; values up to $32,00; Special, Men's and Boys’ 14-kt, Sol Gold Watches—-Open face and hunting case styles; with fine movements; values up to $65.00; special, $35. “4 BLOOMINGDALE BROS., 34 Avenue, soth and Goth Stroats Extra Good Watch News! Taking advantage of this special sale means much in money-savings to the wise watch purchaser, for we've never quoted genuine bargain | e good—it is of such bargains we speak to-morrow :— Nickel - plated Table Lamps,worth 98 Cc $1.50 each, to-morrow... ts, Up to $1.50 Yd. ves; all styles, ranging in price up Main Floor, Near Rotunde, putation for | Men's and Boys' Solid Gold Watches—14-kt. with Wal» tham and Elgin movements; hunting case and open face styles; value up to $50; spe- cial, $24.50, $27.50 and $29.00 Women's Solid Gold Watches— Hunting case and open face styles; with nickel-plated movements; splendid value at #705, $8.08 ast” special os Women's Solid Gold Watches— 44-kt,, with fine American movements; hunting cases and Span facets Td uj on a A yo "839,00 Women's Solid Gold Watches. In a large variety of styles Waltham and Elgin move- ments; open face and hunting case si Ie vans y an Est BLOOMINGDALE BROS., 34 Avenue, 99th and Goth Streets, Consolidated Gas | guts were weak in stocks, There were some m in Wabash debenture B's and tn Louls and San Francisco refunding 4 sympathy with od nas St. CURB STOCKS ACTIVE. Hut headin LONDON STOCKS HEAVY. Irregnine and Other ‘THB CLOSING QUOTATIONS, ex in Ontatde M Amertenny — if Open, High. Low. Close. ket ow Loxnes, The unfavorable technical position of 2 on 72 | eadliig on the cure won filet Shaven Sag Of. 3 the money market has resuited “in the |} 4s 4, Hoaviness marked the dealings in but irregular to-day. ties lost af Northern and sold at 108 while ‘Havana Tobacco lost 12 and dropped to 62 1-2. Greene Copper sold t {at 26 and British Columbia at 6 1-8 Btorage Power rose 1-4 to 1 1-4, The bid and asked prices of the prin- cipal outside sccurities to-day were: Tit. Aaket 3» $9 calling of loans by some of the banks, ‘Time loans were made at 6 1-4 per cent. the highest recent figure, but there very ttle being offered, Call money was quoted at 3 3-4 pe ent. London stock market to-day. Railway shares were trregu! South Africans showed weak Trunk Issues sowed @ disposition: drop. The Bank of England Is purchasing the available gold In the mark BENAMIN B. ODELL, of One result of firmer money rates at this centre will be to Immediately at tract surplus funds from all, parts 0! the country, Tt in to be noted that th principat European financial centres are Well prepared and are willing to for- ward money to this city If It should be needed, but a tight money spell ts suli feared. oot FATHER OF THE GOVERNOR OF NEW) YORK STATE, A POWBR IN POLITICS. | ‘The Hon. Benjamin B. Odell, of Newburm, N. Y., father of an filustrious emily ee sons, writes tho following letter, hopes will be read by every man and wet an in Ameri i “Some years ago my life was tainly made mirernble by the pain and distress 1 fered from ACUTE INDIGESTION. 1 alo constipated and run down. This dition continued for about three years. friend of mine who suffered tn a i}lar manner, and been much wing DR. DAVID KENNEDY'S 1 EDY, urged me to try #. E aid, and it helped me from the first and I continued its use and was CURBI The market was a poor one for spe- clalties or tightly held pool stocks. The United States Steel issues were firm on the expected announcement of new financing, ‘The local cotton market opened steady to-day, with prices 1 point lower points higher, tt was assumed orning from the that bull o July through bi 4 | bunch of aelling My Jaulekly c that option, 10.15 on the call against 10.13 March had the strongest op. for a time extended it» Influen positions, but the selling s to withstand. After the call May fe to 1008 under Increasing pressure and In absence of clique support. The supposl- Sugar rallied weil, and, although Wall street did not expect any change in tho dividend rate, the trade was bullish on. sugar market conditions thi sd Jamos R. Keene and Jacob Field were heavy sellers In the market. The Chicago houses had heavy selling |8 3 orders in Baltimore & Ohlo, Rock Isl- * ce “ nF jal pt and, Union Pacific and St, Paul, Fie London sold heavily of Baltimore & Ohio. == fore | ton os to March is that a big bl “I have recommended {t to mut selling of Rock Islamd was nc- oi ch people. and in every single Instance + ports werd catia havo revived the greacest amount “@f” reason to delieve that th v0 } mM The opening prices wer benedt from Its uve. 5 h true, but traders were bearish on the BQ to 10.95; April. 10.14 bi Dr. David Kennedy's Favorite Remedy § anticipated Increase of the common Ser 8 6; Su W0:| she most, Drampt aed a stock Wiacon! Central pt... Bs Hood, Diseases, Rhevmatism, Some North American stocks came to 8 , t closed with March cotton market on the new stock Issue, aot at 10.24, which is two closing quotation of | 500,000" bales were de and Constipation. yon arene! [ha Reregeoent & ae Week's Exports 87,135,501, and the reguine ‘Trinl bottle free, th It wan denled that more oll ts used in| rhe total exports of mercnandine the manufacture of gas than formerly sices % day's trading. It is estimated th tilly | Ss and Consolidated Gas did not sell as|the port of New York for t eek | bought £75,000 bales of this. Toward the | Apa tid st. New York, oF a freely as it has for several days past. | ending to-day were valued at ¥ 1. | close the market took a bullish turn. | CORPORATION. Rondout, NY. , A MAIL ORDERS dams SIXTH AVENUE, 21ST 1) PROMPTLY (; FILLED! | AND 22D STREETS, N. Y. ( : Continuation of our N S ‘ Silk Specials for | Opening Sale of ew pring a DL S , Wednesday The most casual inspection shows that the values are marvellous! The quantity is the largest ne ™ | yet involved in one sale, Eighty thousand yards Black, Plain Colored and Novelty Weaves are em- raced in this collection—every yard of which is a pronounced bargain at the price quoted. —Corded Wash Silks, —2-inch Black All Silk Grenadines—hairline stripes. —Black All Silk: 6gc. m5 OC: best quality. Black and Colored Crepe de Chines---24 inch. feta—27_ ini Black Habutai—36 inches |Black Peau de Soie—1) inch....seee.s.e eres Lyons Silk F Bk i ads 3 OY fer Black Taffeta—19 inch i 59: MCN sceckse sae Hick Motte Jatt Colored Lining Taffetas—19 inch. New Check Wash WEDNESDAY AND THURSDAY SPECIALS ea Satin Polka Dot Foulards—24 inch, at per yard. Sites <— 19 ey 6 «« Best Groceries per yard at per yard.. are 25 per cent. lower in price than goods of the same high grade % Price Notion Specials 100 YARD SPOOLS EUREKA SILK THREAD, 40c, LIGHT-WEIGHT STOCK COLLARS, 10c. SIDE SUPPORTERS, statement awaits any one who will compare qualities and prices, Watch vainee’ts Canned Goods . 10c. SINGLE COVERED DRESS SHIELDS, AND 7c. HAIR PINS, ARE OFFERED FOR A CHOICE AT 75c Velour Pillow Tops an aro given here? "Lima Beans! Tomatoes ! Stringless Beans ! 014 Harttora TomaToRS, | | Finest Kerugee stringtoms | | pow ever! Warwick Brand, beautifully finshed and ready t k Bi eann, Bet HANG. Floral, Brant. 2 | | gb, "tan dao: ly to make up. onan cans! cas! DOG | | ay. saa, | Hes" oven cane sessos Should be seen to be thoroughly appre- atereta, Tren 2 rei, Ben Se Beat over! Warwick "Obs ciated; regular price 75 cents each, Spe- dosen “cone wees be ye eae Goran aD ooo sooss Gial PCR vislaisteinisisianicnisegreit's'eceiceis one Stone Brook TOMATORS, | | Pioral Ret Luxuzy Brand 2 ib foe Se 2k 135 | [ase Fh Ba ees $400 TOMATONS, gallon cana elise Brand Victory Brand, 2 tb. Se; “Gers” "caress BeOD| | Goven” cane Gta testes 5600 This is a handsomel: designed Go-Cart with Parasol and Lace Cover, and is made of a fine quality reed. It has a full rod and solid sides, Extra Special Values in Finest Peas! §-—Fioral Braod, #ifted,| PKXAS—Fiore! Brand, Extra) PEAS — Red Bird can, Fine Sifted, Early June, 2-1b, | Choice Karly June, 3.35] Sn" “I6e.1 “doen can, 1O0.t doe, ca. t PRA! Brand, $15 Wy, | a i ed English steel. running PEAS ioral Brand, 1,50 Brent Bat ia : gear, wheels with rubber tires, is Ties sesacame 3,95) dosao cite’ didert amen oases 2,05 elled, has patent foot brake and caps. It has a rod, It is a comp ps. first-class Go-Cart, and a good bargain at this price. three-dollar Shoes. “Medallion” Shoes for Women at $ The stylish spring shapes are in full evidence. The welts are Goodyear or hand sewed. All materials, in kid, patent leather or patent colt skin, are shown in lace or button, Come and examine these shoes—make all the comparisons you wish—the results cannot fail to be in favor of the “ Medallion "’ shoes, ee ee ee ee eo , p ; man snerviveny 8 | Women'sSpring Footwear, OCOCOANUT | CHOCOLATE 251 [ALMOND 33c bs Hest + MACAROONS, r. 2 [ACAnOONS, », e| [SAC ANOONS, ib, | “E pire” Shoes for Wo at $ ‘ fi }, Mole orring. paund pier FOC | Mast nee vaaitye 10 soeod bance 47¢ ¢ The fashionable spring styles are ready! See ve eS Halste “Hut, 65) to the Dees | Malia Mae Atae pound “Bhs, “Berg aan f these “Empire” Shoes. Good judges say that 4 pound, oor Ib, Fo.i 4 be 408 sooee ‘1,00 ¢ they possess’ all the style, fit and wearing quali- : Flour —rigeug.s Best 222% 18 4,90) ties found in many of the widely advertised ith The Bakery Department ! THREE*LAYER CAKES—Chocolate, Cocoanut, Maple Cream, Orange, Lemon, Vanila. (Note the superior quality of tilling to that bought elsewhere). Per cake 25c An Important ? ’ sit Men's Spring Do you want the latest style Spring Derby or Soft Hat at a smaller price than you have ever pald before? We warrant you roviding the sixe, shape, mar ferlals and workmanship are JUST RIGHT! Well, these Hats are ALL RIGHT! So are the pricesi! Spring Derbys, sures flat brim—all the new shapes, .....+ se $},00 Spring Soft Hats~?asa~ This handsome Tea Set is complete for six per- sons and is exactly like the illustration above, Panama— Florodora, It is of fine, thin semi-porcelain and comes with Per | Golf and'“Adams's Special,” just out, $1 ,00 ° pretty blue flower illustrations, The real value S| Bj 90, 1.90 ve or the set is $2.75; the special price is only iner wy