The evening world. Newspaper, March 18, 1903, Page 4

EN sational Jump and Wail Street Declares that London Buyers Were Cought Short. BUT THE POOL MAY BE SHY. ‘The call for the annual meeting of the Bouthern Pacific Company was Sesued to-day. Blank proxtes enclosed qth the call containing the names of @ 4H. Herriman, © Alexander P. - @amobrey and Maxwell Evarts, | Am theese made thelr appearance a ciroulated in Wall street to the effect that James R. Keene end 5. .- ‘Harriman were Wobly to settiell ther aver the affairs of the road. of those. interested would answer nh sghanagement of ite affairs and are «the return of their stocks, they may vove it In favor of the management of the Southern if, Keene announced that any one was not satisfed could give hie to.whom he pleased. ‘wat It distinotly understood,” anid \ Mr. Keene to-day, “that the effort | Whioh is now being made to enjoin * Union* Pacific trom voting $90,000,000 of Southern Pacific stock at the annual _ Meeting on April 8 has ot been begun ‘by the pool. ‘The sult is not the pool's, | mor is there any attempt being made | 46 represent that the members of the ‘pool are in sympathy with the move- ment begun by T. J. Taylor & Co. “LD believe, and eo do the members of - the Taylor firm, that the Southern Pa- elfa Railroad is not being operated to Sadvantage of the Southern Pacific » stockholders that it is peing run to ‘ 9 ot the Union Pacific, and eve jollar expended has been t with an aye to the future better- of the Union Pacific, in members of our share this opinion, and, I might add, a large Feit ‘of these i ie Y ple ingt the present mans 6 Is still confident of winning In ‘or control of Southern Pacific i force the road to pay 8 dividend of 6 per cent. 2. —— Bri “Phe slight weekening in time and call mioiiey rates and a growing conviction | Ort ‘that’ the interior monetary current waa ‘tutming In favor of this city, and that Sub-Treaeury would draw heavily Dilance from the local banks, were | Mo. @ontrotiing influences in tho ad-|¥, of stocks ‘th do Oe ow Bf ie ois Mvouid show a. further atrengtedl- ‘of wurphis reserves. E ‘Toward the close o fthe martoet Soarth- Pacific took a senmaitionall jump Bouth, Pacite pointe; showing a gain of 41-4 on the day and 45-8 over yesterday's close. | $' ‘This rapid advance was said to be a of Enetish buyers hy James R, | Te ‘The ; dmother story was that members of appeared to confirm the her London quotations and good ing by short Intorests also tended . he market, ja good buying of Bt. Paul in| jon of the closing of the books} seml-annual dividend. ‘The stocks | a point. New York Central 1 per cent. on che prospect of an ent between the tratnmen and| rs of the New Haven road. Read- continued to show stren; and ware and Hudson advane pts on the ex nearly tation that the re-| 0, the 5 Strike Commision favorable to the operators’ Génadian Pacinc rose over a point on | the company's victory over its striking iy Ero. Brie ‘advanced on ‘buying. Refining gained over 2 per cent. of a poraibiiity of the eation of the Cuban Reciprocity without requiring # reference to prose pf Representatives, Tennes- Iron rose a point on pur- stimulated by the favoraple re- ie of March earnings. < Bleotric gained nearly 2 points OR Patintactory accounts of eurnings. Gorm Products rose over 1 per cent. on Consolidated Gas Helpal liglting bhi ppopsted r uzicics! ne propose: d Copper was stronger on Advance in the price of the ‘wubsequently the tone became rom pt bonds wi Ly offered torday at Ray gaat S086, Ave, and ile call money, r cent. * olx er dro} advanced 10 61-4. ican slumped under dn the property,” rofit no a continued ‘scarce in i — ‘Seaabaradl advo bord r other ‘persons aiso ‘hold tho| he iq Keene pool had sold shont a week | Wabash vf apd were now buying in order to their shares at the annual’ meet- was thought that the controversy , Union Pacific and Southern interests it yet be compro- Land che advances in both these _ ‘Southern Pacific Takes a Sen-/Goee First to Morgan's Offlos and Then to the Steel Trust's, Where He Goes to Work with a Will. BUT WALL STREET GOSSIPS. ‘The reappearance of Charles Of. Schwad in Wall street to-day started 4ll sorte of rumors concerning dis con- nection with the Untted States steel Corporation. It was reported persist- ently that he would not remain at the head of the corporation and speculation was rife about the identity of his euc- cessor. . Mr. Schwab. rosy and apparently in the best of physical condition, ot, te Walt atrest about 10 ‘cloak but did not £o at once to the ofMfces of che United States Steel Corporation, at No, Th Broadway. Instead he went to the office of J. Plerpont Morgan, ‘There be met Mr. Morgan's partners, George Perkins, chairman of the finance committee, and Charles Steale, ® director in the United States Ste Corporation. The three men were In close conference for more than two hours. ‘ After the conference Mr. Schwab walked over to his Broadway oMes. Many of the directors of the corporacion were waiting to see him and hundreds ratulation at his were delivered. He appeared to be In the best of spirits. of telegrams of eed restoration ‘to healt! shook hands with hia old employees and generally conducted himself like a man glad to get back to work after a long rest. Men big in the world of finance called during the afternoon and were admitted to. the private office of Mr. Schwab. Ho refused to talk to reporters, saying that he wanted to get Into the swing jof business as rapidly as possible. ——— THE CLOSING QUOTATIONS. ‘To-day's highem, lowest and closing prices and net changes from yesterday’ from last recorded eale are aa follows: " 7 “ Me * au wh utd ® 1% ae 129 BR me said fo. $ ty de Bs t a at iE AR RS a? aati int ¢ we (ay ast 3 261 * Sete] $4 [tte [Feet tet ettetet tte ets e eet ett tt tet 414 ce bt uu ag lee ie a ORS at ae ak at fy Bi % te ea Gy BS HR say BR eit ah at ty Bs (SILK. For Women—Fine quality Blae a CLOTH 20-inch length, ‘3.75 values work effects—copies of Frenc West Tene ’¢ ojosing prices or | said: “Suah never yet TAILOR-MADE SUITS Coat handsomely trimmed with sitk—new flare skirt, silk trim- ming—silk drop of self color Taffeta sith- *25.00 For Women—Tan Covert Cloth—high-class, strictly talloremade—in the newest spring mode/s—strapped seams 12.00 SILK WAISTS For Women—Of Peau de Sote and India Silh—handsomsly trimmed with lace inserlions—large new sleeve—soft collar— 13.98 For Women—Peau de Sole“and Crepe de Chine Waisis—white and’ colors—handsomely (rimmed— *5.00 For Women— White Pongee Silk Waists-—rich lace insertions and open "6.75 Le Boutilier “HIS WORLD: WEDNESDAY BVE.LAG, MARCUM 18, ITT. THE LATEST NEWS OF THE B ¢ : t AW, USINESS WORLD. WOLATES LAW Assistant Attorney-GeneralBeok Says So In Opening Fight and Hits at Morgan, Hill and Har- rman. TRUST METHODS ARE TOLD. @T. LOUIS. March 18.—Aseistant At- ‘torney-General Beck, acting for the Govornment, opened the proceedings In the Dederal Court here to-day to declare WMiewal the big Northern Securities mer- (ger which was accomplished by J. Pler- |pont Morgan, James J. Hii and E. H. Harvtman. Justices Caldwell, Santont and Thayer heamt the argument. Mr. Beck in his uddirese dwelmat jengohn on all the potats involved, he saying: “"M would be diMcult to minimize the importance of this controversy, Few capew have ever been presented to any court which affected corporate interesta of mich magnitude, and still fewer which more yitafly concern the welfare of the American people, “If competing carriers can form @ |stable, permanent and controlling com- \Pination with indefinite and perpetual powers, through the simple device of a 'go-called ‘holding corporation’ organized under a State charter—a form which ts far more inimical to the pubilc interests than the trafflc arrangements or tech- nical truste which the law has hitherto condemned—then both the Interstate Commerce act of 1887, with {ts inhibi- tion of pooling, and the act of July 2, 1890, with {ts sweeping condemnation of all combinations in restraint of trade or attempted monopolies, will be nullified by the power of Individuats, who will thus snow hee Uyndeeteed of the | de- e American le. oie eek then analyzed fhe charter of the Northern Securities Company and powers extraordinary were granted to @ corporation un- less it be one of the New Jersey breed. ts powers may be clas- ws: scope. ‘Perpetual {n character. Veuted in the hands of a few. y methods secret even to stockhold- mity, FOND majority of the Northern Securl- Company, namely, 201,000,000, com- the Burlington, Northern Pacific Great Northern’ systems, and all subsidiary companies whose agaregate capitalization, includng funded debt, ex ‘Coode $1,000,000,000, but the board of dl ‘ectors, whose holdings of Northern 8o- urities may be comparatively Inalgniti- cant, can, during the tenure of- fice, appoint a committee with power to act ‘and to une the seal of the corpora- tion at “This com! ly be three im y is determina- , two. ern companies at panies. When in the history of cor- porate nizaton was there ever a charter ‘h concentered vast and un- Measurable power in the hands of 0 ew?" ‘Mr, Beok contended that the boards of directors of the Union Pacific, the Northern Pacific, the Great Northern and Burlington ‘systems had been #0 grouped that all Interests were repre~ sented on each, and all motive and necessity for competition eliminated; | that In this manner a working com: ‘pination had been effected which c trolled three transoontinenta! tems, ot! trackage was over LINED) ind Black Mistral Etamine -Blouse value $30.00) COATS silk and satin-lined- 30-inch, *15.00 $10.00, $15.00 and $20.00; 24-inch, value $6.00 value $7.50| ‘h models— APPIN THEN, Senate Holds Up His Nomina- tlon as Assistant Appraiser at New York and No Further Action Possible This Session. INDORSEMENTS TOO WEAK. WUBHINGTON, March 18—The Genate ‘Committes on Finance to-day decided to hold wp for the present the nomination of George Suwter to be Assistant Ap- prateer of Merchandise. As the tt tee will not meet again during the ent session, this action will insure a failure of confirmation for the present senston, ‘The refusal of the committes to pass upon the nomination was due to the fact that members did not consider Mr. Baw- ters tndorsements ufficient to warrant confirmation, Chargos were made against Mr. Saw- ter to the effect that he was so tnex- perlenced as to be incompetent. It Is not known whether the President will name Sawter as @ recess appointment or make a new selection to fill the va- cancy in the New York department. R. MACY & CO. Br 7 ‘Buh 6. We Direct Your Special Attention to the New Models in Our Dress- making Department. 4th Floor, Ribbons, Engraving & Stationery. Firet Fi, rear. Engraving—as executed by us —is areal art. Chaste, tasteful and refined workmanship—latest forms, always. We will gladly submit estimates for Wedding Invitations, Wedding An- nouncement, At Home, Reception, Dinner, Visiting and Business Cards. Promptness, complete satisfaction jand economy guaranteed. :| Stationery—rhe surprise @ is how ‘such qualities can be’ sold at such low prices. Manufacturers’ Ends of fine grade Paper, note size, one quire boxes, 10c, Bond Paper, blue, gray and cream, pound packages, 19¢.; Envelopes to match, package, 5c, Scotch Madras Paper, fine quality; pound packages, 19c,; Envelopes to match, package, 5c, Cabinets containing four quires of fine vellum paper, assorted tints, 36c, High grade Satin, Linen and Vellum Paper, five-quire boxes, 36¢, Sterling Silver Pencils, 21c., 34c., 53c: and 84¢, Onyx Paper Weights, | several novel designs, 44c, ie Special CHpping and "Recipe Books, 36c,, 83c. and $1.02, Gold-plated Desk Inkstands, 49¢., 99¢. and $1.12. Orders taken for all kinds of Paper Flowers and Lamp Shades-— Balcony, adjoining Commercial Stationery, is breaking all bounds. enough. cordingly. less than makers are now example: our price, , 4 i Clock is being exhibited "ENE SOUEEZES [SCHWAB CK TBI, . MERCER SAWTER MISSES ROOT T0 AACE LISH SHORTS} THE OLD STAND “METROPOLITAN Young Man Who Has Been Motorman and Conduotor Is Chosen to Direot the Great Street Rallway System. HE IS ELINU ROOT’S NEPHEW. An illustration that this t# the day of the young man fs the announcement sent out to-day that Oren Root, jr. has been made goneral manager of the Metropolitan Street Railway eyhtem. The new head of the greatest street railway system in the world is twenty- nine years old. Mr. Root, although young in years, has made a name for himself in the street railway business, He began with the Metropolitan system in 1896, as an office man. He attracted the attention of Mr. Vreeland, who determined to make a street railway manager of him. An All-Round Maa. Young Mr. Root worked as a motor- man, «@ gtipman, @ donductor, an in- spector, @ car starter, an all-around man in the barns and power houses and a general handler of traMo, His rise was rapid and when he had grasped the details of the business he was made As- nistant General Manager of the Metro- polttan system. In the hearings held by the State Board of Raliway Commissioners recent- ly he was on the stand for elght hours ‘at une semion, and he told those In the room more about the street fallway business than it was thought posdible one young man oould know. He is ac- quainted with most of the men who work for the lines, has & knowledge of the buminess ¢rom the beginning to the end, and his advice ls looked'for and ac- jpepted by the capitalists who have thelr millions invested in the street railways of the city. A College Graduate. Mr. Root was born in Columbia, Mo. ‘His tether, Oren Root, was then Pro- fessor of Mgthematics in the University of Missouri, and et this time holds the ame position in Hamilton College, in Clinton, N. Y. Oren Root, jr, ts a graduate of Hamilton. ~ He is a nephew of Elihu Root, Secre- tary of Wer, but his rise in his chosen profeasion is not due to influence. Since his start he has worked even harder than Mr. Vreeland. He ts tall, muscu- lar, smooth shaven and, of course, energetic. He possesses to a remarka- ble degree the ability to keen his con- Versation restricted and this accom- plishment has piayed no small part in his elevation to the position of the youngest street railway general mana- ger in the world. H. Macy & Co.’s Attractions Are Their Low Prices. Sr eernrerersrenenenenne R. Broadway 34th to 35th St. Display of Spring and Summer Millinery, Feathers, _ Women’sNeckwear, Suits, Costumes and Wraps. First Complete Showing of Spring and Summer NegligeeShirts Ist Floor, Men are beginning to ask forNegligee Shirts. Infact, many them all Winter. d freedom afforded by Negligees threaten the retirement of stiff bosoms except for dress wear. For that reason we have made itd preparations than ever, and are ( ly the greatest variety in the city. Materials were chosen with the nicest taste. ment applics to quality as well as desi have been wearin The comfort and 5 now displaying probabl The wor stripes, separate cuffs, 94c, Liverles,—s r.. rv. It is well worth your while to investigate our department of Liveries—especially for coach- men and footmen. The styles weshow are proper and the variety is absolutely complete. Our knowledge and judgment stand between you and mi takes when you buy here. You may not only depend upon prices and qualities, but may with perfect safety yield us the same confidence in re~ ing and finish. Coats and T: green, black and marooh cloth-finished flannel, regular and stout sizes, value $25,00 to $30.00; our prices, $19.96 to| patronage of hundreds. 2096, Men’s Business Suits, made of the finest Cheviots from Scotland and the choicest Worsteds from the West of England—plaids, Coachmen's and Footmen’s Separate Coats, made of cloth-fintshed flannel, $16.88, Breeches, made of white stockinette, sold by others at $22.50; our price, $14.96. Stable Suits, made of Oxford gray and tan covert, cutaway or sack style, for tall, regular or stout men, sold others at $25.00; our price, $19.96. Stable Suits, made of hard-twisted, wiry tan covert cloth, sold by others at gz patterns to choose from, sold by others at 65c. a yi $20,00; our price, $14.99. Riding Breeches, made of tan or gray covert, including leggins, $12.96. 45c. White Goods at 36c.-™ 7. 0 « No wonder White Goods grow in favor. Their popularity The demand for them in France, England and America amounts to a clamor. rage. Millmen are at their wits’ end to weave them fast Orders are pouring in and prices are stron; We bought large quantities months before their vogue was established as a furore—bought them for much They are the ac- asking—and getting. For Highly Mercerized Brocaded Cheviot—enriched with satin stripes, woven of the finest Sea Island yarn, sixteen charmi: wt SOC esata Negligee Shirts, made of woven madras, plaited bosoms, small black and blue figures on white cuffs, $1.24. Negligee Shirts, made of woven madras, dimity and cheviots; plain and plaited bosoms, stripes and novelty figures on light and dark grounds, attached and detached cuffs, $1.44. Negligee Shirts, made of cheviot and woven madras, plain and plaited bosoms, solid colors and tached cuffs, $1.99. Negligee Shirts, made of fine, stron French dimity, plaited bosoms, small figures and fancy stripes on white grounds, attached cuffs, $2. Men’s $50.00 Suits Made-to-measure, spect to every detail of tailor-|The Custom Tailoring Store is amply ready for the first great Spring activity created sers, made of | Weather and Easter, We open the season with an Here checks, stripes and neat mixtures colorings of the season. Also, John T. Clay's richest Blue and Black Serges—the best that money can procure. yorkmanship in every Shirt is fastidious. The higher-priced ones are practically custom-made. Our prices average a third less than others charge for simi- lar qualities. : Negligee Shirts; made of woven madras, plain blue, light and dark tre from 91-8 to 7 tn the ‘eutedde euppert and following Market news. Coton was LEGAL FIRM FAILS - OWING $1,000,000. Booty & Bayliffe, London @ollcitors; Announce Their @uspension LONDON, March 18.—The failure was announced ‘to-day of Booty @& Bayliffe, solicttors.® ‘Thelr taebilities are ovgr 51,000,000, The Market. Wheat opened teady but was not nustained. May eold off by room trad- prices Wheat-May, 791-8; July, 765-8; tember, 15 bid, Corn—May, 603-8; July, 01-8, '@ opening prices were: Whent —Mny, 763-8 to 741-4; July, 71 1-8; Bep- t O78, . M168 to 44 It Yoiyad ee to Bia; Beptembee, wth DR. GREENE'S FREE PRIVATE LECTURE TO MEN This Evening, March 18, at 8 o’Clock, GRAND CENTRAL PALACE, Lexington Ave. 43d and 44th Sts. FREE EXHIBITION OF X-RAY MACHINE, Beautiful Dissolving Views. Beauty Mints. ADMISSION AND SEATS ENTIRELY FREE. R. H. MACY & CO. Broadway at 34th Be Wines for Medicinal Uses. Bb Fi. When you buy by the gallon we furnish jug free. Finch’s Golden Wedding Whiskey, $ ygars old, regular price $2.94 gal., 74c. bottle; for this sale, gal., $2.44; bot- tle, S4c. Monogram Rye Whiskey, Macy's ‘i 12 our rentae is sale, 84c. Special years oll price $1.23 bottle; for Rye Whiskeys. Mt Vernon Rye, gal. $2.94; bottle, ic. Gipeon's Pure Rye, gal., $2.94; bottle, ‘uth St. Finch’s Golden Wedding, 7 years old, gal., $3.74; bottle, 84c. James E, Pepper, 12 years old, gal. A i bottle, 97c. Young's Y. P. M., sold b; $5.00 gal. and $1.25 a Price, gal., $4.19; bot., 99c, Royal Amber Bourbon, gal., $4.19; bot., 99c, Old’ Ben Franklin, quart wicker-cove ered deimjohns, 94c, Brandies, So¢iete. Charentaise, regular price, 99c. bottle; for this sale, 77c. A. & L. Beaudet, regular price 99c. bottle; fortthis sale, 77¢. Chateau Henry IV., regular price 99c, bottle; for this sale, 77c. Claret Wines, Camille Barthe, Bordeaux. St. Julien, regular price $6.24 case quarts; for this sale, $5.24. Margaux, i ek price $7.49 case quarts; for this sale, $6.49. Pontet Canet, regular price $7.94 case quarts; for this sale, $6.94. Larose, regular price $9.49 case quarts; for this sale, $8.49. Lafite, regular price $9.94 case quarts; for this sale, 8.94. Sauterne Wines,Nathane fel Johnston & Sons. Graves, case 1 doz. quarts, $5.24, case 2 doz. pts., $6.24. Barsac, case 1 doz, qts., $7.24; case 2 doz. pts., $8.24. Sauterne, case 1 doz. qts., $8.24; case 2 doz. pts., $9.24, Chat. Laubens, case 14 doz qts, $10.24; case 2 doz, pts., $11.24. Chat. Yquem, case 4 doz. qts., $14.94 case 2 doz. pts., $15.94. Hock Wines—Heinrich That state- igns and colorings. |. others at tle; our grounds, attached and detached fancy stripes, attached and de- ique slightly heavier than 49, $ 30° by the approach of warmer offer that should control the it is: in the most desirable Your selection is not limited to a meagre assortment of these|Barthel & Sohn, Mainz. materials—the range of patterns is remarkably large—almost too large to make choosing easy. when so much that is beautiful is within reach. Our statement that these Suits are worth $50.00 is conservative, As a matter of fact exclusive tailors charge more than that them. Remember that none but the very handsomest imported fabrics figure in the sale: Depositors’ Account Department Allows 4 Per Cent. Interest The Depositors’ Account Department is a feature inaugurated on the opening of our new store to facilitate purchases made by customers foods sent C, ©. D. By placing money to who do not care to have your credit with this denahtne your payment. Interest will be allowed on ed every three months, per annum, to be comput derstanding that the account is only for the payment of purchases in the house and not for general banking Further information will be willingly furnished you on application, ‘actory are still on view, Every Hochheimer, case 1 doz. qts., $4.49; cate 2 doz. pts., $5.49. Rudesheimer, case 1 doz. qts., 95.49% case 2 dos, pts., $6.49. Liebfraumilch, case 1 doz, qts,, $6.09) case 2 doz. pts., $7.9. Marcobrunner, ease 1 dor. qts., $7.49) case 2 doz, pts. $8.49. Burgundy— A, & L. Beaudet, Freres. Beaune, case qts., 99.24 82, high 9 George, case qts., 99.49; bot- , ” 98. Ha am oe Ehimabertto, case qts., $15.74; bottle © $1.36. Rather difficult to decide for urchases can be referred to it for lance at the rate of 4 per cent. Claret Wines. with the distinct um- | jorge ‘ fon! Ste te, 62.44 purposes, aS ir Port, Muscatel, gal, Beleony.—-Mib Bt, Rese Bievater, Ac. Ac, i LT The new Macy store—the largest in the world devoted to retailing—contains just a fraction more than twenty-four acres of floor space, And during these Spring and Summer Opening Days there is not an inch to spare, value $10,00|!" addition to the Millinery, Suit and Gostume Displays we are making interesting exhibits of the richest novelties in4 Silks, Dress Goods, Wash Goods, White Goods, Lacés, Dress Trimmings, Waists, Hosiery, Gloves, Corsets, Underwear and related‘ lines, , You are also cordially invited to visit our Cut Glass Factory and China Decorating Studio The Specimens from the Royal ; rs ro Gt