The evening world. Newspaper, March 6, 1903, Page 7

- STOCKS CAI OOD BUYING ‘Favorable Turn in the Market , Surprises Speculators and { Bears Stand Aside and Gath- ‘, er Some Profits in Rally. fTRACTIONS SHOW UP WELL. \gtetropotitan, Manhattan and Brook- lyn Rapid Transit All Gain with St. Paul and Rock Island—Sugar Improves After a Sag. Instead of the demoralization which fas looked for by almost every one, the stock market to-day was generally firm and moderately active, owing to ex- peotations of a more favorable bank Statement, good covering by the shorts and a disposition on the part of many of the bears to take profits on stocks which sold at a higher level ‘The improvements extended in some instances to over 1 per cent. In no Place did the tone improve more than in the bond department, where the com- mission orders to buy small lots of @peculative issues aggregated handsome figures, The early rally here destroyed all the arbitrage profit and a decline followed due to the tight condition of the money market, threatened strikes on the Wabash, Canadian Pacific and Manhattan Raflway, Prices dropped in some instances to points below the low- est of the previous day's transactions. But the market rallied again in the afternoon on good buying. Gt Paul advanced 11-8 per cent., and “New York Central and Rock Island rove @ point each. Canadian Pacific rallied 1 per cent. on Montreal advices that the trike at Vancouver had been exagger- ated. Sugar Reece sold ex-dividend and scored an equivalent advance of 5-8 ‘Ber cent, Jater improving further 1-8 per cent. ‘There were recoveries RODrOR NRE NE, @ point in Amalgamated Copper, Ameri- can Smelting ard Refining and Tennes- gee Coal and Iron. General Blectric Spaned up a point on the fresh discus- 01 n of tl lng. ee AN in of 2 was scored by “S00” preferred. In the local traction group Metropoli- tan Gtreet Railway opened up over 1 cent. and Manhattan Railway pained 8, while Brooklyn Rapid 7 t ad- vanced 11-8 per cent. Government bonds were unchanged and railroad bonds were steady. The United States Steel issues were heavy on serious weakness shown in the bonds on the curb, which sold to- day at 871-4, a decline of 71-2 points gince they were first dealt in. the rights were first placed on the curb they were considered to be worth more than 4 per cent. to ‘the preferred stoc! holders, and naturally the depreciation in this asset to 3-4 has discouraged out- side buying. There was a good deal of selling o: New York Centra! on the rally. It was believed in the “Street” that the Southern Pacific pool aided in the support of the stock in the London market, oausing the market here to open with a moderate rally. The hos: ty though to exim between pool and the Union Pacific control. how~ ver, was sufficient to make traders cautious and to keep outsiders from apeculating in either Union of South- ern Pacific, ‘The buying orders in Rock Island ap- ared in the nature of support from the Chicago control. ‘The best, Informatton contradicted the reports of any serious hitch in the negotiations with the St Loule & San Francisco road, but it was thought that the present money market was not a good one In which to an- nounce any new financing. Baltimore & Ohio showed better @upport than it thas for some time, and gaye some color to ‘the general belief that the pool which took the short side just before the dividend was de- clared had been covering its stock, #t. Pau) was bought on the theory that it was not Jnvolved in any way with the supposed differences: pinion ‘and policy of the Gould and other in- teresta, and would be likely to profit by {ta Independent position. ‘There was a further advance In the rate ifor call loans, which were quotes at 53-4 a 6 per c Time loans were offered at 5 1-20 per cent. for three and six montas, little business was done, It 1s understood that some important time loans mature on March 15, and from that date until the end of the month there will be further develop- menis of the same character, A good rt of these joans may not be renewed, ut the credit seems likely to be re- quired for other than street borrowing. The Quotations, Today's highest. lowest and closing prices and the net changes from yesterday's closing prices are ay follows: Not Clos. Chav. 3 SPS TTS pitltseeet+ ore ee re vi Severus: aoe FREEP PEE TE LEE See) = = Fe FPP ESS. eEREEATeE:: = Pre MA -atesessaggeseedee 4444+ ee res ss DANIEL SULLY, LEADER OF BULLS, WHO HAS ENDED WAR IN COTTON. THE WORLD: FRIDAY EVENING, MARCH 6, 1903. » ALL THE LATEST NEWS OF THE BUSINESS WORLD. AFTER ANOTHER SULLY AND PRICE END COTTON WAR Bull and Bear Leaders Reach an Agreement for Mutual Make Big Profits. OUTSIDE PUBLIC SQUEEZED. The bull and bear have lain down to- gether and the lamb also, but the lam) is inside the bull and the bear. Theo- dore H. Price, the bear leader in the cotion market, and -Daniel F, Sully, the bull leader, have formed an alliance for mutual protection and the sensa- tional war that has waged on the Cot- ton Exchange for weeks is likely to come to a dignified end. Price and Sully met last night in the cafe of the Waldorf-Astoria. They are seared because they happened to be on Jopposite sides of the market, ‘They got together in the cafe and remained to \gether until after 1 o'clock ¢his morning. |In the course of their conference th reached some fort of an agreement will enable both of them to get away with the bulk of the profits they have made out of the bulge in the cotton market. Sensation in Wall Street. The news that a truce had been ef- fected in the cotton war caused a sen- sation in Wall street. ‘Tho “J-told-you- so"' men were in thelr glory, They knew all the time that Price and Sully were working together and now that the outside public has been milked of all the cash possible the smooth manlpu- lators have decided to close out. ‘That 4s the talk In the street, at any rate, Nether Mr, Sully nor Mr, Price would tell what agreement was reached in thelr conference. Mr, Price appeared to be willlig to talk, but after telephon- ing to Sully he said: “Mr, Sully instructs me to Inform the newspapers that the only agreoment we reached was not to talk, I bow to hi wishes In the matter,” ‘The Price-Sully combination staggered the traders outside of the clique, and they were unable to tell what to do when the market opened. At first the bulls ran the prices up. Then the bears took a hand, and two hours after the open- ing the market was off an average of 12 polnta, The May option was hammered sincerely and persistently, but Sully made no particular efforts to protect It. He appeared to have complete contro) of the market and played with it as a musician plays with an instrument. Sintement from Price, Mr. Price made the following state- ment when he reached his Wall street office: “It is true that Mr. Sully and’ myself Met inst night in the Walldorf-Astoria cafe, We met accidentally and talke over the «ituation for a long Ume, That Tcan say about our mecting Importance #2 Orded et | in the re has so ob e eyes of m sin the sittmtlon that it ts 0 d. 1 antic.pate quieter cond - his time na owill b the Cotton Exchange was the public to-day, ‘The gvarded and even speculators who We: not members w ™ public space on the floors, They were cempelled to sit on the steps and wait until thelr bi ume out before they could giv Sully © mn Price, Just to show that he didn't care much about the market, Gully left the Cotton old friends, and thelr friendship was not | allowed in the | Ad turned he bought 5.900 bales of May at 9.71. Immediately the market broke six points. Sully emiiied. The dealing 1s so Intricate that_out- siders are unable to understand It. There is a general belief that non-professional vtors why have heen buying y are due to lose a lot of money, although the impression prevatls that Price and Sully will let the market down easy. The Cotton Market. The local cotton market opened 1 point lower to 5 points higher, Bulls were favored by continued wet weather and etter cables than expected, and suc- Protection and Both Will] <ccts! 1 opening the market a few points higher, but. found: thelr opponents extremely watchful, A flood of selling orders struck the market immediately after the call, wiping out early advances and for a time giving the market rather a tired appearance, If bears were ag- gressive, the bulls appeared equally #0, and met the selling movement with vigorous demands, that for a time steadied prices a little. The bears, how- ever, claimed that constant buying was necessary to hold quotations around last night's level. Later cables came a shade r, and estimates for receipts at eas Houston were la Fortified by these influences, the bears hammered the list 1 second time soon after the etart, and foreed May down, ‘Trading was active [but wot so wild as yesterday, ‘he un- dercurrent — conti nervous, and among the conser » element a fur- her show of bull power was looked for ny time. ; November, 8.49 10 8.50; Decembe to 8.48, The following March, May, 9 . 49 to December, . 8.76 to 878; Wember, 8.40 ‘to 8.42 to $41, BANKS LOSE TO TREASURY. Week's Figures, $6,123,000, Show Quite a Record Drain. The Sub-Treasury reports a gain of $1,006,000 from banks since the close of business yesterday. This makes a gain of $6,123,000 since last Friday, an almost unprecedented loss to the local banks, a The Wheat Market. Although falrly steady here, wheat was weak and lower again at St. Louis, where July sold off 3-8 in the Anst ten minutes under freer offerings and con- Unued bearish crop talk. Eventually July in other markets showed the weak- ness at St. Louls, carrying May with it toward 11 o'clock. Corn at first wes steady, but could not altogether resist the declining tendency in wheat. New York's opening prives were: Wheat—May, 80 5-8; July, 77 1-8 bi Corn—July, 60 1-2. Chicago's opening prices were: Wheat -May, 15 7-8 to 1% a4; July. 72 to 71 7-8; Sepiomber, 70 3-8. Corn—May. 46 5-8 to Ju.y, 44 5-8 to 4412; Beptember, Mareh, > 14 bid: . Corn 1-8; July, es were: Wheat 121-8 to 121 torn=March, 46 bid, Bep- 4" bid, ¢ 28 id; duly, id SHIPPING NEWS, ALMANAC F Sun rises... Mt TO-DAY. .5.5T/Moon sets, .12 24 Sandy Mook Governor's tei Heli Gate Ferry. OF ARRIVED. psnam tty of Wa Teiy of B ie Yooutan Ei Paso HI Alba: Maraval INCOMING STHAMSHIPS. Lange Bay, Lisboa. dam. y He Paue mabure. i iio feu dianbaly is CET-RICH-QUICK He Is Charles Pearson, James’ «: B. Kellogg’s Lieutenant, and the Federal Authorities Ex-| > pect to Arrest Him To-Day. A WHOLESALE EVICTION. Assistant United States District-At- torney Hogan thinks he will be able to present such ® strong case against James B. Kellogg, the suave, get-rich-quick- concern promoter, that a jury will be compelled to convict him. He expects momentarily the arrest of Charles Pear- son, Kellogg's first lieutenant, for whom @ warrant was issued yesterday after- noon. “This man Pearson," said Mr. Hogan, “really exists and is not Kellogg, a8 many people suppose. There is no doubt that Kellogg has taken the name to serve his purposes of deception at difter- ent times, but there 4¢ a Pearson, and I look for his arrest to be effected any moment.” ‘The offices of “E. E. Rice & Co.” In the Park Row Building were empty to- day. The staffs of stenographers which Kellogg employed there in carrying on Pearance. building sald that he dispossessed Kel- logg and all of his people yosterdi afternoon as soon as Kellogg was a building only a few days longer. that they could not be overlooked. lam, who swore that ond street, ls worth twice that sum. does not appear to be the the celebrated E. 8. Dean & Co, pany,” the “United States Drug C Ofl and ‘Transportation Company." enterprises belng operated, as ane. _— correspondence did not put in an ap-/ The superintendent of the) rested by the Federal authorities. Even had his arrest not been made he would have been permftted to remain in the Other tenants and employees had made such complaints about his actions with women Kellogg has been released on 82,000 bal, furnished by Miss Isabel K. Har- er residence, No. 133 West One Hundred and Thirty-sec- As cool and contained as ever, Kellogg least em- barrassed by the discovery of postal off- various offices conducted un- ent names in the Park Row bullding are simply fictitious offshoots of “Knickerbocker Ioan and Security Com- poration,” and the “Northern Security These officer had entrances from two streets and were conveniently adapted to the movements of the occupants. ten if need be,' CURB TRADING ACTIVE, | A@vancen in All the Le | sues tn Outside Market. | Trading on the curb was active and a} |mhade firmer to-day, with small ad-| | vances {n the prices of all the prominent | properties. The bid and asked prices of the prin- olpal outside securities to-day were: Rid. Awked. 106 196% ; 89 26 | San Francisco 4s Standant O11... 6 Storage Power 1 eesee Cop Bay . Steel Se. 88% U, @. Stoel righta 60. 7 is re LONDON STOCKS IMPROVE. American Shares Steadied After an Erratic Opening. Stocks generally showed tmprovement | on the London Exchange to-day, Amert-! cans, after an erratic opening, became steadier on the covering of short con-| tracts, South Africans were firm and Rio ‘Tinton were advanced on reported | Paris bu ————>$_— Dry-Goods Imports $3,042,779. The total im, port of New ued at $3.04 8 week were | | | if | | Sound vision never calls for effort. If you are always trying to see through a blurring mist. or if your eyes give you pain and dis- comfort, you are straining them, and GLASSES ARE NEEDED. Neglect of nature's warnings will bring on serious eye allmente. Don't risk your sight. Let me ex- amine your eyes at the first symptom and ald and preserve them with properly fitted glasses I use three separate and di a n group is sald to comprise | [tinct methods in my examinatio1 Park Row Pullding: “Charles Pearson |g leaves my office MUST be correct Se Con pease banter al in every detall. . Ne ie] Co. solidated Gui Compantes of California,” | @ Glasses, If Necessary, $1.00. “Internationa: Vheer, ‘lMre Rubber Company,” the. “internationat | p Attificial Eyes inserted, $3.00, Patent Protective Association,” the Optical Specialist, 848 Sixth Ave, (vet. 21st and 22dsts.) Open Saturday Till7 P.M. embracing the very newest s Special Girls’ Dresses natural linens and piqués, 14 years, at $2.75, $3.95 & $4.95, values $4.00 to $6,50 each, Lord & Extraordinary Sale of Carls’ New Dresses, tyles and many exclusive nov- elties, in fancy wool and cotton fabrics; in 4 to 14-yéar sizes, Values: | Sailor Suits of madras, mercerized linens, !of all wool serges, prettily in|..: ‘ ; A » trimmed wit one-piece, sailor and Russian mithi sil sonteche blouse styles; all sizes, 4 to braid and silk sailor tie; all |sizes, 4 to 12 years, at $3.90 & $4.95, values $5,00 te $7.00, Also Girls’ New Spring Coats, comprising cheviots, coverts and fancy mixtures, in the) new box coat and Norfolk style; all sizes, 4 to 14 years, at| $7.50, value $10,00, The above are all of exceptional value. Taylor, Broadway and zoth Street. ‘The world 1s progressing. NO SECURITY REQUIRED, $1 A WEEK WILL. Just look at the Sgures below and ree how these Lad Lor-M, effects, Meal value $11.00, at.. Just 40 show you NRISING 0.8 at TO-MORROW AT THE | OPENING SALE x NEW KIND OF CLOTHING STORE, New things are happening every day. WE ARE POSITIVELY GOING TO SELL GOOD, RELIABLE CLOTHING ON CREDIT FOR MEN, WOMPN AND GHMDREN At the Very Lowest Cash-Store Prices, STRICTLY CONFIDENTIAL. CLOTHE YOU HERE, extraordinary SPECIAL OPENING PRIC| sive you @ chance to eave mouey! All- Wool All-Worsted Sulte—tast colore-this Spring's 98 tation }ined—colli how figures talk here—Gde, quality for Je) 62 WEST 1257H Sf, ' NeW YORK, ny eR wt NOT CONNECTED WITH ANY OTHER STORE. THEBIGSTORE ¥ ACITY IN ITSELF SIEGELG 0OPERG SIXTH AVE. pect ntavii€ ronan «=—-« FO" GIS" STS. Misses’ Suits and Jackets, * Cleverest Creations in the Yew Spring Styles. | And they await your admiration to-morrow in the Misses’ D nt. ry garment is a gem of the tailor’s art—comfortable and stylish. You will be greatly pleased with their piquant and dressy character. Price economies, too, are strongly acc Misses’ Blouse Suits Of Lymansville cheviot, with yoke ef- fect cape on blouse and new yoke skirt, at Misses’ Fancy Blouse Suits 3.9 Louisine Waists, : front covered with narrow box plaits and six — rows of open work; finished with silk em- broidered medallions on chif- ii UZomen’s Jackets. GB A very special and important of- fering in COVERT JACKETS, made as illustrated, strapped in Of fine cheviot, with the new tabs on coat and new sleeves, full in- S verted plait skirt, trimmed with braid, 70, 3 0 gi eee ce or er eaedt beeeeite : ully tailored effect. suit for street wear, at saa 16. 50 Prettily trimmed with bands of satin, ni fancily trimmed skirt, new dcbvek ai 78. 5 4% Misses’ Walking Suits ie: fortable and stylish suit, at 2. 7, 50. Girls’ Junior Suits Of Scotch tweeds; the correct suit for effects, at ALSO— : ; 3 _ New Misses’ Jackets for Spring Wear at OF covert. collarless Icose effect, with fancy trimming, at 10. oY UY Another Series of Attractive Offerings, | Saturday has become an extremely busy and important day in the values on this day, with the result that business has grown 'e place on Sale Saturday A Great Display of Cluny Waists, priced at, Peau de Sote Waists, in black and evening shades; very full plaited front and tucked sleeves; at, with circular yoke of Val. lace, fine tucking across bust and rowsof lace forming bodice, button back, with tucking and lace Misses’ Norfolk Suits Misses’ Collarless Blouse Suits In entirely new effect; a very com- young girls; in Norfolk or blouse @ SYD OF covert, lined with satin, —_—————————————— ES Women’s Sik Waist Silk Waist Department. We make it a rule to you extra asillustrated. Entire garment of lace, over Jap silk lining; Sap Sitk Waists, inserting: at 6.90 front and back, Ghis Js the Greatest Value Ever Placed on Sale in Covert Jackets, Spectacles Yew Spring Sloves' and Gyeglasses. \for Wen & Women. A special feature of the new optical store on WOMEN'S GLACE GLOVES. the Balcony to-morrow is the price-reduction ON] New shades of mode, tan. gray, brown, black and white are i t y ‘luded in this sale; 2-cl perfect-futing; ize i q Solid Gold Frames and Lenses of best quality, leohoiad et atl) Zecinan pertece om fe. iat 69e as follows: SOLID GOLD SPECTA. WOMEN'S “MANNISH GLOVES. CLES or EYEGLASSES, all] Pare, special wade of Norns, oe paren ate om f; styles, fitted with first LIOS\ pair, Mea ; 95¢ quality lenses, ° 1,500 PAIRS OF ” FRAMELESS 14-KT. SOLID GOLD SPRING MEN’S WALKING GLOVES, EYEGLASSES, fitted with first quality lenses, patent offset clips, (Balcony, Mal World's Sreatest Grocery. Choicest products of land and sea are here in abundance—fresh, pure and wholesome. To-mor- row’s special offering is worthily representative. MAIL ORDERS A SPECIALTY. Tan and red, with a pretty new embroidery on back) all sizes; usually $1.00; to-morrow, 145 Floor, 18th St. and Gib Ave.) FANCY NATIVE PRIME RIB ROAST, EXTRA QUALITY SIRLOIN STEAK, i J fee LOINS OF FANCY JERSEY PORK. EXTRA CHOICE SIRLOIN ROAST, LEGS OF CHOICE CANADA LAMB, } 126 | | Your choice, per Ib. ) i ) FINE QUALITY ROUND STEAK, Your choice. per Ib,, FANCY SHORT FOREQUARTERS ARMOUR'S Mild Sugar-Cured SLICED CANADA MUTTON, BOILED HAMS, per Ib. tL - Fisti--Selected Salmon Steaks ; CRACKERS—Fresh made ked | TEA~—Fine senesiconl ‘vans ORANGE or Finnan Haddie 10. Coffee Cake or Cocoanut Bars; | Green, Black or 9 NC | tie home-made Vind 7c | od Teas: ISe | 0 CRACK tana 26 | 87. AW ERRIES CRACKERS ~-Enara fancy FIG | S mil limit; ” brand; nk Ho |tat ™ twin 70g | ett Veer tek: ig tks $25e) i 980. COFFPEE.-Fancy per bb,