The evening world. Newspaper, March 23, 1903, Page 10

WAB AFRAID OF BREAK DOWN r" —_—_— ‘Steel President Considering His Health Before Deciding Definitely Whether He Will Resume Duties of Office. ‘MORGAN WANTS HIM BACK. {Special to The Evening World.) » Pa., March 2.—Prest- @ent Charles M. Schwab, of the United Bteel Corporation, is undecided as to ‘whether he will again take up the dutics of his office. His final decision in the ‘ tter will be made after he returns to Rho ror this week, and, while it is ; ed ‘by his intimate friends that he will resume his duties, there 1s no little ‘uneasiness felt over his hesitancy in de- Uberating as to whether he will go back to tiis old position on account of _his health. — Mr. Gchwab fears that if he gets ac- velyrengaged in the stee] business again * the Will suffer another breakdown. The @tatement that he might not resume the ‘Presidency was made by Mr, Schwab to B® very few of his most confidential ip ony who called at his home to sve e hurope last Tuesday heh several conferonces with J. Plor nt Morgan, who is urging Ar. ‘sonved take up his duties as early as possi- he fact that leads Pittsburgers to be- wa will Tesunie. We corporation tempo- ait reat, a ‘the great interest ne bs the ai of Beets q without “being in ative aotive ae pe that the chief cause of the M, Schwab to Pitsburg was of the negotiations for @equisition of the is, furnaces ore lands of the Jones & Beek cx Company, as stated Ain telegram from New York, is as Laughhn, it is stated, a Tor gheir planta, which la con cont out of the question. VANDERBILTSMAY LOSE CENTRAL. iis: Schwab resigns his act will be lt i a Np one. Since he r Railroad Stock and Anxious to| to Secure a Controlling Interest |*, in the Property. ‘Wall street has the stony that Stand- @rd Oil interests have been buying very heavily in New York Central, and that 4M ie at the present time a more im- Portant factor in ownership than the Vanderdiits. It is even broadly himed that ambitious members of the Standard ou Party aotually aspire to the control eystem. Scoincifientauy with the ciroulation this etory are reports of dis- ‘eatlefuction the Vanderbiit man- The assertion is made that it Ciquated. and that a variety of ex: en discov pele | might ih pavantage to the Direct "me i i de of the Mi Dir ention ha lo o Mer- chants’ De: me rtation Com- as “an inside for. the benefit of a favored more or less closely identified ‘the Vanderbilt damily and ite Personal following, There has developed a growing discon- it among minority stockholders of lew York Central for a year or more. ‘A series of expensive accidents has cut Fawn the net income of the property and it@ critics complain that it has fallen be- the Pennsylvania as a great trunk Une system. ‘Open criticiam of the Vanderdiit man- nt may be sald to have begun the attempt by the Moore Bros, to! Aes contol of the Northwestern from Vanderblits about a year ago. The advertised and served to call a * tention to the fact that the Vanderbilts » FISH PEEPS AT $285,000,000 Sew U. & Assistant Treasurey Looks Into Sub-Treasury Vaults. Hamilton Fish, the new Assistant Treasurer of the United States in this ‘clty, began his duties at the Sub-Treas- uy, in Wall street, to-day, He was welcomed by United States Treasurer H. Roberts and Deputy ‘Treasurer n Banks, who has been in ae ence Conrad Jordan's deat Assistant Treasurer we, tod rty to the in ie ied, These were broken and the re- int of all the money in the building Bow This is a formality which hes Un. be e through new Sub-Treasurer tak it tedkous proceading. es offi aa where ‘Sub- 0 if sifver, Preasury, i $201,000, old 517,000,000 In gold certificaten and ani In bulk the vaults and boxes 2,000 tons of silver and 4,000 tons ih_ ‘fractional ilnor coin, eontain of gold. Most of the count will be ac Pomplished by weight, ig the represent sistant Cashier we currency Baserioa xchange ban 1 will be done by Andre expert money counter; Franc intendemt of the ‘money Samuel Chadwick, Robert C. William FP. Colgate, hes departments ip the Sub-Treasury. from 9 A. M. until 3 P, M » they expect to finish the coun two months. SEVELT WILL JOIN. mtor Bay Board of ‘Trade, BAY, L |b. in the Oyster Ba; a Rockefeller Reported Buying the |! ent failed, but it was nevertheless, Gridely. 3 “fwore not too sacred to be exempt from) @ttach with whenever a This Pheek for » Year's Dues to March 23.— Bocenves vas made applica- CATES 1S STILL OUTWITHMORCAN Wall Street Heard that They Had Shaken and Made Up, but It’s Young Charlie Who Got the Glad Hand. THEY MET AT THE WALDORF. It's all a mistake about J. Pierpont Morgan and John W. Gates having shaken hands and made up, The story that there had been a@ reconofilation be- tween the two men had wide currency to-day in the financial district. It was @ topic of universal gossip in the bro- kerage offices, and was discussed with as much earnestness ag talk of peace negotiations between two warring na- tions could have aroused, There is not even an armistice or a protocol. There has been no meeting between Morgan and Gates, and there have been no negotintions. either at close range or long range. ‘This is the way the story started: Charles G. Gates dropped into the Waldorf late yesterday afternoon to wee his father, John W., who was in his room suffering from a bad cold con- tracted on his trip north from Palm Beach, The young man stopped in the lobby for a minute to talk with a couple of acquaintances and while the trio were engaged in conversation Mr, Morgan walked by. A emall uniformed boy was conducting him to the elevators on the Astoria side of the hostelry, Mr. Gates a moment afterward walked down the corridor on the Wal- derf slde to take the elevator to hin father's apartments, As he was walt irg for the cage to descend from the upper regions Mr. Morgan and the snall boy walked briskly up, it hav. ing been discovered that the lifts on the other side were not working. He recognized the son of the Chicago plunger and extended his hand in greeting. "Good afternoon, Charlie," said Mr. Morgan cheerfully. “Good afternoon, Mr, Morgan,” was the equally hearty responre, and the two men shook hands and stepped into the elevator, Mir. Morgan inquired after the health of Gates pere, and on ‘elng informed that he wag somewhat indisposed ex- Preseed his formal regrets, Mr. Morgan then, tnqutred it Charles G. had. en- pleasant winter, to which an kShative reply was given, the younger man taking ocod to inquire whether Mr, Morgan had ‘Cuba. yed & pleasant trip “I would have enjoyed myself better 4 {t had not been so hot," he answered. point in the briet conversation ane tou fourth floor “1 fot ‘Mr, Gates off, Morgan con- fin uprimrd to the! tenth oor, where the got out and proceeded to Mr, Keano's te ned, pe ending, and aries oe aa ether of the mec {ng end reooneiitation between Mr, MOF- gan and Mr, ‘The story ts sghishy 1 Interesting aa i- lustrating ‘the vigilance o movements imo” coleeitioe ure rwatohed. CURB STOCKS QUIET. Steel Fives, Greene Copper and Northern Securities the Leafers. ‘Trading on the curb was quiet and irregular to-day. Northern sold at 106 34, United States Steel fa at 81 1-8 and Greene Copper at % 3-8. The bid and asked prices of the prin- cipal outside securities to-day were: The Cotton Market. ‘The local market opened 1 to 6 points lower, devold of excitement or specu- lative interest, Cables were easier and bulls were unloading In small quantl- ties, News consisted chiefly of moderate and confilcting reports as to flood ditions. | Following. down from 9.7% to 8.7 9.45 to 9.42, under realizing. Securities Bid. Asked. | tributfon on the advance In Mexican Amanicnn Onn ass) at iy [Central ‘The rumors of an intimate De Forest Wireless. . 10% 1% [connection with Rock Island were again Drictat Colume ‘oe ay, |clreulated by those wiho are interested % 2% [in advancing the price and. were dis- Havana ‘Tobacco Preterred Ftd oY counted by many prominent traders. : S| Brooklyn Rapid Transit’s strength was 4% due to the announcament that the com- 1%] pany had completed a new power-house 133] and was well prepared to handle the port receipt estimates, unsettled weathor con. the ‘call July sold n. with August from h ows he re- he opening prices wero: Marah, Pacific In the loan crowd, and the re: pitered: June, $74 to July, 9. as? 44 newed selling of !t tor foreign account, iguat, 9.45 to 9.45; Beptember, 8.90 | Caused some Weakness at the opening to hots Dogon, 88 to: 808" ovember, | Of the market on the idea that the 8.48 to 849; December, 6.46 to 847; Janus| attempt to aqueeze the shorts had ary, 8.40 bid. failed, The jump in the stock at noon HD2ADEOOE 000000060060680000¢ $0004 GATES GLAD TO SEE ALL THE GLADNESS OVER HIS RETURN TO WALL STREET ACTIVITY. BBB DOOO85O050606O06F050G0OH008O00O S BOSD FBDOODLGHG0-0 0-90: 066-6-900006- 0000900604000 5500666600000 STOCKS DOWN IN A DULL MARKET Money Conditions Make Trad- ers Hold Off, While Profit- Taking and Threatened La- bor Troubles Weaken Leaders. PACIFICS STILL UNCERTAIN. ‘The feeting that the monetary situa- tion had not attained suMctent strength to warrant extensive purchases, was the principal restraining influence in the stock irket to-day, but the weaker London quotations also exerted @ dam- pening effect. Tight money rates, threatened strikes on some of the rall- roads, and profit-taking by the com- mission houses were, in addition, bearish factors. The declines were not lange, being con- fined for the greater part to fractions. Unton Pacific lost a point on the lack of confirmation of the rumors of @ pos- sible compromise in the with Southern Pacific. American Sugar Refining was hoavy on reports of un- settled trade conditions and doubts re- warding treaty. Southern Iron & Coal stycks were in- clined to show some strength. Mexican Central lost a part of its early advance, early in the day, though it sagged off fater. Government bonds were un- changed end railroad bonds were steady. Time money was quoted at 6 and 61-2 per cent,, with the banks not mucn disposed to put out funds to any note- worthy extent at the lower figure. The minimum figure for choice mercantile paper was quoted at 6 to 63-4 per cent. ‘The banks have lost $31,000 to the Sub-Treasury since Friday, There was pluin evidence of pool dis- summer business, Sugar Refining was sold tn large quan- Utes by the wholesale sugar people in lower Wail street. Consolidated Gas reacted when the shorts were driven out, It ts believed that the municipal ownership bill may pass despite the powerful lobby In Al- bany. Although its potent influence is recognized, The compamtive ease of Southern contraversy | 3 the fate of the reciprocity | E but Brooklyn Rapid Transit was strong | ¥ other fractional sag. Union Pacifle was sympathetically weak and it was thought that a large part of the short interest In it had been covered, Pennsylvania was firm in the short interest’ which seems to have been caused by tne fact that there 1s a small arbitrage profit. on purchases of 3 1-2 per cent. convertible bonds against sales of the stock, ‘This has created an artifi- clal short interest. There was some check in the specula- tion in such soft-coal carrying stocks as Baltimore & Ohio and Norfolk & West- ern In lew of ithe uncertainty as to the result of the miners’ conference. The sluggtshness of the trading en- oo) i @ renewed bear attack in the Closing hour, and the market went off rply on increased dealings. St. Paul Rook Island, New York Central, Read- Ing, Missourl Pacific and several other important stocks sold at the lowest ices of the day. New Haven and dartford dropped § 1- The closing was weak, The Closing Quotations, To-day’s highest, closing prices and from Saturday's clo! lowest and net changes ing prices or as fol- Net Low. Clos, Ch'ges, Amal, oF a Th ae % ‘Am, Smelt. & Rots... 49% 49 49 * Am, Smelt. & Ref. pt.. Se Ho — Amer. 81 125% 125% 125% — Amer. a4 + Aton. Té 82 _ Atch., 99 + Balt. 93: = 67 HEECRE EPEEESS, Norfolk & Wentorn 1: Norfolk & Western pf. N.Y, Central . Ontarto & Weatera Ponnsylvania eeeckeesee 8FFRES ERS SERFS: i % 83 BR% 85% mM ay 1X Hd 4 7 ay % s 20% 25 — 514 bom +X Dobed S4H-—- h Wis Central, % 264 Win. Cor 60 OX -— % CORPORATIONS MOVING. There May Be a General Exodus from New Jersey. ‘What appears to be the preliminary to a wholesale exodus of big corporntions from New Jersey to South Dakota was La Due Gold Mining Company in Jer- sey City to-day. This concern {s capital- ‘ed at $5,000,000. One of the directors introduced a resolution providing that the corpora- ton be dissolved under the Jersey laws South Dakota, to show that the change would mean @ Gaving of $4,000 @ year in taxes, Owing to the absence of President but several of the directors expressed themselves as in favor of the move. when it crossed 65 was followed by an- | HELLO! MERGER CIVEN CREDENCE Wall Street Inclined to Think George Gould Is Willing to Give Western Union Over to the Bell Telephone. COMPANIES ARE SILENT. Officers of the American Telephone and Telegraph Company refuse to deny ‘the report that that concern is about to take over the Western Union Telegraph Company. Wall street construes this as giving color to the story. Official denials are not always belteved, Dut when officers of corporationa assume an ostensibly non-committal attitude gossip gives Itself the license to take anything and everything for granted. It ts a way they have down thers, At the offices of the Western Unton ‘the men delegated to do the talking for the establishment are not eo reticent. “We have heard of no negotiations looking to the taking over of Western Union by any other persons or corpora- tions on any basis whatsoever,” was the courteous response of the man em- ployed to know nothing. The American Telephone and Tele- graph Company js better known as the “Bell Company.” Its stockholders have been asked to increase the capital stock another $10,000,000, and will probably do am 80. It ds officially explained thex it may not be the purpose of the corporation to iseue tila new stock immediately, but it Is deemed desirable to have the au- thority should there be occasion to do so In the future, The report of the projected merger ‘of the big telephone and telegraph oom- panies took the form in Wall street to- day of the acquisition of the $10,000,000 Gourd property by the Bell corporation plan similar in many. respects to that pursued In the case of Manhattan— A Kuarantec, Statements aa to the feure of the guarantee vary from § to 7 cent, Western Union now pays a divi- dend of 6 per cent The free and easy story goes on to attribute ‘to George Gould an intention to get rid of the active management of all his corporate cares, excepting rail- roads, in order to give his whole Hine and energy to the development of his seen in a motion made at a meeting of the Board of Directors of the Joseph and re-incorporated under the laws of He exhibited a schedule Elmer E. Botsford no action was taken, plang for Wabash and hie interests in the Southwest and Wes ——————__— The Wheat Market. Wheat recovered this morning on a scattered west. There was an advance of 1-4 on July wheat tn St. apprehension over the crop outlook. Corn was steady at the start on buyin, impelled by unfavorable weather an light receipts at Chicago. k's opening prices were: May saikt Luly, 76,34; September, 74 1- May corn, 50 1-4; July, 49 bid. ‘Ohicago's. opening priced were: wheat, 7-8 to 72 3-4; July, 69 69 3-4; September, 68 5-8 to 68 3- 43 July, 43 1-2 to 43 8. ng prices were: Wheat ‘T7 8-4 did; July, |to 8. Corn—Mi 481-8 offered end Bepte 87; ‘Biny, BO 8-8; 7 duly, par September, 48 3-8, ago's closin Gowns and Wraps CAME OF Ti demand from shorts, based largely on the cold weather in the South- Louis, indicating some Will be exhibited ae mH on Tuesday and Wednesday, \ March 24th and asth, “ . eats h One thousand nine hundred and three, \ Keene Sure the Stockholders Are All Afraid of Ruin and So Will Side with Pool, but Har- . Timan Says No, SETTLEMENT NOT BELIEVED. James R. Keene and E. H. Harriman ‘@re maintaining their composure to- world that one or the other {s galloping full epeed toward disappointment. Mr. Keene is stili unable t down town but he 1s present at the office of his son-in-law, J. Taylor, in the Johnston Building. The Keene spirit moyes his Wall street spokesmen to expressions of satisfaction and confidence, ‘They claim that the stockholders of Southern Pacific are giving them every encouragement, and say they have substantial grounds for believing they will show up at the an- nual meeting with a clear majority of stock, providing, of course, that the in- junotion holds good preventing Union Pacific from voting its treasury hold- ings of 900,000 shares ($90,000,000.) ‘The point is made by the Keene fac- tion that scattered stockholders are tak- Ing alarm over thé possibility of losing the Central Pacific.after its reconstruc- tion at thelr expense. Increasing emphasis ts laid on the point that it will be in the power of Union Pacific after stripping Southern Pacific of Its revenues and treasure, for the up-building of its western connec- tion from Ogden to San Francisco to declare a divorce hetween the Northern and Southern lines, first appropriating Central Pacific in its entirety and weld- ing {t to its main line. According to the. Keene orators this is making a startling impression on the Southern Pacific stockholders, who are becoming filled with a suspicion that they will continue to get the worst of tt, 90 long as they remain subordinate to Unton Pacific|. It is represented that they are fleeing for protection to @ come spirit ‘albot JAMES McCREERY & CO; Twenty-third Street, One thousand silk Petti- coats, Made of best quality taffetas silk,—well cut, and finish- ed with various ruches, flounces, accordion pleat- ing and ruffies. Colors include dainty shades of gray, green, mode, peach, pale blue, lavender, —with several ‘“change- able” tints—and white. 6.75 to 20.00. Value 8.75 to 25.00. Black and white silk Petti- coats, Towels, 7-75 to 20,00. Twenty-third Street. JAMES McGREERY & CO. |JAMES McGREERY & CO. Household Linens, day, Each declares that he is satisfied Sales of with the status of the contest for pos- ‘ * 2d Floor. session of the Southern Railroad sy Silk Petticoats. 2 tom. Each professes confidence in the ‘outcome. It is clear to the rest of the and Floor. Damask Tablecloths, —fine quality,—very attractive,: New designs, Fl Deane 2 24x24. 24%4x2% .. Napkins to match, Breakfast size. . 3.00 per doa Dinner size....4.50 “ « «“ Cy “ + 5-00 Webb's, extra heavy, soft finish, hemmed huck Towels. All white or with. ted or blue borders, 2.75 per dozen, All white. or with colored borders, hemstitched Huck. 2.25 per dozen. Value 2.75. 0d tablecloths, — made of fine damask, no napkins to match, Peace under the shelteringn wings of Mr. 2 x2 yds, 1.85 to 3.25 each for a minute is the admission made that 2 x3 2.65‘ 5.00 * Pere opto ar 2x26 340" 535 tucky courts sustain the injunction to 24% x3 Se arasict 625 “ ‘restrain the. Union Pacific from voting ffs treasury holdings of Gouthern Pa- clfic stock, There was renewed talk to-day of a settlement of the dispute on the basis of me purchase of Mr. Keene's pool hold- of 280,000 shar: by. Har im Interests at $10 a whare, ure would let the speculators without loss, It is said. “ihe report of an adjustment commonly believed and meets math flat denial in the camps of the leaders. By agreement among the contesting parties it was decided this afternoon that the Southern Pacific transfer books. should close April 3, which ie Bitte days before the annual meeting. LOST TEN BONDS OF $1,000 EACH. Clerk Put Them In His Pogket and Stopped for Lunch, but Couldn't I get you'd be hot=headed too.” “Never mind,\Flatiron; look at me. Here 1 go saip-snipping all day long cutting up suits of cheviots, and worsteds and cassimeres—every one of them made to measure—and it takes me as long, and I bave to te as| careful, with a $12 suit as a $35 one. So don’t grumble,” We take your measure carefully,’ cut the garment carefully, make it carefully, and if we can't please you Suits and Overcoats| JAMES McGREERY & GO, The new materials used for the Imported model gowns, including voiles, chiffon- grenadine and silks, may he purchased in Twenty-third Street, Find Them Agatn. Now is the time to order your| the Dress Goods } Bolesevain & Co.; bankera’ at No, 16 | Meester sult. and wel coon, eore easer ll Guarantee Silk Departments ihe Wabash (pean aie let ee CLOTHING COMPANY, where the latest n of No. 29 West One Hundred and Thirty-seventh street, 4 messenger for Botgsovain & Co., lost them. He left the bankers’ offices @t noon to take bonds to the transfer office of the Wa- bash Rafiroad, No. 1% Broadway, to have them transferred, They were registered h ft the Rail Bhare and dn the nezae of the way, ty in ween so that they were readily Tovend of got nt to the trans- ter office, yor fing Birdeal ‘went to @ Tes: fcurent et No.2 % Beaver atrect. {or his tunch, Then he went to the post-office and tadled some tethers ‘Wheo he the neta cr ofice he put hia hand in his je coat Mis oand ‘almoae tainted fener” 127th St, aad 3d Ave, THERE Is NO END fabrics are in stock, Twenty-third Street, THE MAGNET OF SUCCESS. ° laced the AND hen he found’ therm sta E varie‘ oftce, FUNDS Ceoted happened, “he mTisoRS | YROOTE transfer ‘oe the bonds was ediately PROPORTIONS ati @ notlce of their loa sent ATELY. over the *teker. ful Merits ville,” in ce letter plet it y DOES FreeBottle To prove its wonder- a Trial Bottle and the Beau- ful Children’s booklet, “Baby- free by mall to every reader of The Evening World op receipt of postal Ozomulsion Food, 98 Pine Street, NEW YORK, THE FOOD THAT and Possibilities olors, will be sent card or giving com- e adress. 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