The evening world. Newspaper, March 24, 1903, Page 14

jae NEWS OF THE BUSINESS WORLD. Th HAS A BIC STORY 10 TELL MORGAN WILL GET. SPHINX GA 'TES'S ANSWER AT THE L. AND N. INQUIRY. REDPLOL LLDPE LOGI AL OHH G FLL DOANE ES IAAP EDORDE DD Stern Brothers To-morrow, Exceptional Values in Spring and Summer Hosiery Women’s Fast Black Ingrain Lisle Thread or Cotton Hose, Money I romptiy Re A Sale of 1 Handa Sample Suits In best al!-wool Venetian broadcloths, fancy suitings and other materials; great number made over silk drop skirts; various colors; some choice bargains 4 z : ‘interstate Commerce Commis- \ Sion, Delving Into Louisville and Nashville Deal, Will Hear of Schwab’s Call on Him. {WALKED PANIC ALL NIGHT. Western Magnate Was Fully Ready \, to Punish Wal! Street Giants, and Held Off Only When Promised * Recognition He Sought. $ suitable for re-upholstering furniture, and for $3.00, at lofrereaate-3% \ $ draperies. ‘i (Among the things which John W. rs oe abet we excected) t0 tell to the Inter. ( é Many at Less Than Half Price. ‘state Commerce Commission on Friday mext will be the details of a seance , With Charles M. Schwab lasting from 2 o'clock in the morning until daylight. pertinent subject of inqury by the Ccmmission. 4 WHAT) GE WHAT ARE Gi ere oe OOo. SOOO > de> 646:06-0090062056.00-00.0-60..04.06056:06:000-86.56000066 06.5 PSIG ISS HFEF 9 OEE 20° 39° 58° 29° with double unbleached soles, Value 40c pr. Women’s Fine Quality Lisle Thread Hose, with embr’d insteps, two-toned with embr’dside clocking or lace ankles, Value60c pr, Women’s Extra Fine Black Lisle Thread Hose, in all-over lace work and lace insteps, Value 95c pr. Men’s Extra Quality Fancy Half Hose, | embroidered and with colored vertical stripes, Value 45c pr. Very Timely Offerings ia Tapestries and Damasks An assortment of high-class, seasonable fabrics, TTON TAFESTRIES, $0 inches wide, CON reed from Fonds andg2as yard SOc, 75c, $1.00 in the lot; specially priced for to-morrow ates $4.98 Louis XIV. Suits at $16.50. Lous XIV, collarless blouse, 28 inches long, with rich taffeta silk lining, duchess front, double shoulder cape and puff sleeves. The Plaited skirt with long tain blouse is piped with taffeta silk. and mercerized drop in blue and black, sizes 32 to 44.. Womer’s Japanese Silk 7 Wa made from pure Japanese silk, in white or black, side ‘plaited and fagoting stitched, newest” stock, puff sleeve, tucked copy eo) \eretians, to 18. able value Did Takes big val the proper colors. Made of black silk Misses’ Pay, Blouse Sults, made from a'l-woo! Novelty Suitings and plain blue, black and brown All-wool newest coll. ri stitched tabs and fancy buttons, full pull sleeves and newest skirt, sizes 12 The most remark- Misses’ Suit value ever ’ss model, 0.98 A “Tito of Great Millinery Bargains. ‘ou notice how busy the Millinery store was all day yesterday right in the face of bad weather? alles to make big business, Most Phenomenal Values to bring great business in weather like that. SILK TAPESTRIES, 50 inches wide, Reteucistrvise 10 procs tence CHAT OF MEN WHO FIGURE ae fats pes snahedi ee ue a 18 ver Ready-to-Wear Hats. Silk Bale Ki ao Wear Dress Shapes. Ss) a A 50 inches wide, F en Gifferent occasions. It had direct $ Th latest effects in swell st - A big tableful of the latest blocks in all God vital bearing on the Louisville and IN WALL STREET AFFAIRS. STATIC ah EOE) 1.50 AG WEE THAIN comma etithe Beet lane Arnove) wane raugeisteell Hatyhand the good colors. Nashville coup and it therefore is a ‘TAPESTRY SQUARES, for Cushion Tops, 25c to 95c of the season, inall made on wie frame, Made for this season's Vice-President Stephen R, Burton, of the National Lafayette Bank, has ar- ranged for the wale of 2,600 ucres of coal and timber land in Joanson and Law- rence counties, Ky., belonging to the bank. The price secured for the property Remnants of Tapestry Greatly Reduced. Window Shades, Awnings, Slip Covers, Summer Draperies, business: clean, fresh Hats thatothers charge Take your choice of a wide variety braid and trimmed pe velvet. Worth each ‘The privately recited version is that the’ discovery had been made 1.69 1:69 69c t Mr, Gates and his associates had Secured control of Louis and Nash. ville Well street found itself confronted fwith the possibilities of a disastrous “eorner.” \ Feared = Panic. With the recollection fresh in mind @f the panic resulting from the North- @in Pacific corner the year before, bank- @m8 and brokers were in deep distress @ver the outlook. Mr. Gates was diz- posed to press his advantage. Certain important people in the “etreet" had wilfully affronted him and @urned their backs on him. He found ‘that he had these people in his clutch @nd believed it to be in his power to get Gquare. The temptation to make play ‘was strong. “He had practically made up his mind @ run a corner in Louisville and Nash- Ville for the double purpose of making @ lot of money out of the deal and of ing the lordly barons of the t” who had turned him down as Something entirely Impossibie of elther @hancia} or social recognition, ‘Qne night he went to bed fully decided 0 begin operations the following morn- ‘ing and put the Sores on. His special it was Au Tee lena punien ‘s severely. Midnight berore "he closed hia eyes oT clock he. was aroun alumbers by urgent knocking at the In walked Charten 4M. Schwab, accord- to, the Gates version. | The presi: of the Steel Trust said he had gn the reureseptative of J. Pier pecrten id other banking inter- that the object of hue viex Od. Gates to forego his oe unger he he woud ee hae of fai nik and bai A number of im- it fecal inatitutions, Got Schwab's Promise. rf four hours the two men discussed e situation and at the end of the in- Rerviow ir. Gates was convinced that he would be doing himself and the “gtreet” a goal turn by playing a con- Bervctive part, [t was a mighty wreetle That Me. Hehwab had with him hetore ‘contest ended. gathe strongest argument Mr. Schwab 0 bear was that by yielding to itles of the banking Inter- id be accorded full recognl- Sion inthe future asa conservativr t was a standing he had sought, ‘on his own account and particulariy @ccount of his son, just then start- ness here, he consented t9 der ci 1 of the Louisville and Eee road to Mr, Mongatt ander eet conditions which would protect him cially and insure him reasonable fa fittle matter of $7,000,000, ir, Gates hax quite recovered from hi and will be well enough to ai the hearing on Friday. Wall str ‘hoping he may be prevailed upon to ipply al mplesing, specifications for the “LONDON CON‘OLS TOUCH LOW RECORD. ‘Price Drops to 90%, the Bottom Fig- _ ™ ure Reached Since the Franco- Prussian War. LONDON, March 24.—Consols touched 94-8, the lowest point on record since “the Franco-Prussian war. The fall is attributed to the continued dearness of ote the forthcoming Transvaal ly Sonterencen regarding the loan being held between Chancellor of Exchequer Ritchie and leading finan- The latter suggest that the in: tbe fixed at 23-1 per cent. and thar the price of tesue be rr MONEY STILL GOING WEST. Ghipment of $10,000 to Chicago Cannes Wall Street Comment, The Bub-Treasury to-day made a tel- graphic transfer of $100,000 to Chicago, Which ¢aused some comment in Wall ) Street because of the lateness of the Nn. In the ordinary course of events cur- ould now be coming from Chi- @ago and other Western pols on Louls was unchanged on rn displayed steadiness here. ies Were lower from England and rice 49 ee) re uly, ere ‘3 i oeeae eng ay jp, ht May, 5 Ses to newts ‘eptember on is @ little over $87,000. The Home Savings Bank hos elected the following officers: Robert F Hargitt, President; Carl L, Nippert, Vice-President, and John McGrath, Secretary and Treasurer. James Stillman, President of the National City Bank, has returned to this city from Palm Beach, where he spent several weeks, President Ramsey, of the Wabash, eldemt daughter, who {s 111 with typhold fever in Cairo, six weeks. jatled to-day for Egypt, to be near his He will be gone about H, McK. Twombly is in this city again after a prolonged visit to Palm Beach. John W. Gates, whd ts recovering from his cold, went downtown to-day to attend the directors’ meeting of the Kansas City Southern and Western lacy land Railroads. After the meetings he immediately returned to the Waldort- Astoria. $000,000 DUE (PERKINS FICHTS M, PRICE SAYS Cotton Plunger Made $1,000,- 000 on Deal, but His Brokers, Not Getting Better Margins, Sold Part of Holdings. <-|REASON FOR COURT SUIT. The story behind the threatened law suit against J. H. Parker & Co. by Theodore H. Price is peculiarly illus- trative of the oaprices of Wall street. ‘The members of the Parker firm do not appear In the slightest degree concerned over the free talk that has been in- dulged in connecting thelr name with the impending litigation. Indeed, they appear to look upon the incident aa something hardly worth seri- ous attention, althqugh the amount which gossip credits . Price with In- tending to collect from them is a big fortune in teelf—$900,000, Parker & Co. were the principal brok- ers for Mr. Price last summer and carly winter, when he was the acknowledged leader !n a bull campaign in cotton, He 41d most of his business through them. At the climax of bis deal he is said to have been long 900,000 bales of cotton for January delivery, the bulk of which was held for his account by the firm named. A question of margins a brokers on the Cotton Exchange began discriminating against Parker & Co, on the theory that they were carrying ton much of a toad for the account of a ingle individual. Not liking the position they were in and not being able to induce Price to strengthen his mangins to thé amount demanded they sold out a part of the Price Ine of January cotton, ‘The plunger nevertheless realized a profit of more than $1,000,000 on hig deal, He claimed that if Parker & Company had stood by him iis winnings would have been greater by $800,000, Ever since the conclusion of January ootton deal, street has been The the Speculative Wall hearing grumblings from the Price coreer of the financial his brokers district, were they fin! He claims that fuMociently protest should have ba; iy. The ciaim on thelr part is that Mr, Prive did not adequutely forty, his doal and that they were amply juatided in taking the course they did and in self-protection lightening the load. his It is upon disputed point’ that Price, bases h's laine tor 800,00. He has been threatening sults for week and there the matter stands. of the trouble erty and ty now At the time P. cotton he wes us Decome public prop: aly discussed was bulling Wanhery iling the later deliver. jes. Consequently, when Daniel Sull: took up the bull deal whore Pr ce hat dropped it the latter found himaelf short of the market for neveral hundred thou- rand bales. it is nid, THe has aince been fighting the bull movement, and the price has steadily gone against him, CURB TRADING STEADY, Standard Ol and Northern Securi+ then Ls he Outside Stocks, Trading on the ouyb was quict but steady to-day, Northern Becurities sold dard Oil at 685. The bid and asked prices of the prin- cipal outside securities to-day were: 14 Northern Securities Grewe Copper ...... waht Ky The ewry | at 1061-2, Greene Cooper at % and Btan- | o, NTERBOROUCH. Lawyer for J. Plerpont Mor- gan’s Partrier Appears Be- fore the Mayor to Oppose the Franohise Granted in. Bronx. . DECLARES IT IS ILLEGAL. When Mayor Low voted with the other members of the Board of Esti- mate and Apportionment in favor of granting a franohise to the New York City Interborough Ratiway Company to operate in the Bronx he reserved the tight to change his position on the question,” Last week the Board of Al- dermen passed the franchise, with four dissenting votes. Since then oppoaition of a determined character has develoned and the Mayor was induced to give a hearing on the matter to-day, Many property-owners in the Broux were present, among them Congres map-elect Goulden, Fordham Morris, Prealdent Wells, of the Tax Depart: ment; former Senator Charles L. Guy and Aldermen Peck, Diemer, Longtel- low and Harntechteger Everett P. Wheeler appeared in the Interests of the road. In behalf of Willam E, Dodge and George W. Perkins, partner of J. Pler- pont Morgan, Lewis L. Deiafteld ap- Peared in opposition to the proposed franchise, He contended that the pro- posed franchise was not approved by a Majority of the property-owners, Both Mr. Perkins 4 Mr. Morgan own prop- erty at rdale, on the Hudson. nin, which the proposed road will pay ss) Boars of Aldermen, Mr. Deine eld ad no wer to grant any een the right to operate a Toad through unopened streets or pri- watd property, Alderman Peck spoke in similar tone, Asserting that the Board in approving the franchise had not carefully consid. ered the question of routes and had not | ancertained the feeling or desires of th Property-owner whose holdings woul 5 alten! ted by the roads, Low wants to hear both sides in fii before he determines, whether 13 Approve or disapprove | the franchise stanted by the Al Tt is wala he ts Inclined now to veto the franchise and send It back to the Board of Estimate and Apportionment for amendment. When Lawyer Wheeler, for the com: rought to brugh avide Mr, Dela- Reld's points, declaring them to be ‘tm. material and of no value,” the Mayor Promptly ho, Mr. Wheeler; Mr, Delafield has raised many: Interesting and vital points in this Issue. They cinnot be re- arsed lighily, They are of such im- portance That it behooves, me to consult With the Corporation Counsel before They cam be safely. @epuced.” Mr, Deateld hid contemied that the streets through Whichn the proposed road is planned to run are not ye Iald out on the maps and the franchise in Present form pave the company t right to lay tracks through private grounds regardicss of the desire of the owners. tw The Cotton Market, ‘The local cotton market opened steady to-day with prices one point higher (o four polnts lower, Buying for Philadel- Phia account offset bears, and after the call prices rallied to yesterday's closiny figure. made Considerable May and July its appearance during the call, way its Phil on found tor to brokers i prices up one cinte above last evening's and three tv he above the open raoeh, ois Bes iH to g i: Novemny pe #46 to 8.47; aust sent 1 etc.,, made to order Third Floor. { at reasonable prices. straight or round ends, tresses remade and hair and warranted pure. Third Floor. Bedsteads and. Bedding 300 BRASS BEDSTEADS, all sizes Reduced from $37.50 South American hair mattresses, odorless feather pillows and bolsters in great variety. Mat- All bedding is made in their own workrooms $29.50 and feathers renovated. West Twenty-Third Street. STOCKS SUFFER BY LABOR UNREST = Threatened Strikes on Various Roads, Together with High! « Money Rates, Cut Prices and Make Trading Dull. MANHATTAN IN DECLINE. ! ‘The stock market was very dull to- day and its tone heavy. The general! lst worked lower, nearly every’ active! stock puffering loss. The decline was not serlous, however, In any quarter. Manhattan lont 11-4 polnis, offerings a mrike on that eyatem. Pennsylvania, | Rock Island, New York Central, Union| Pacific, Atchison, Missourt Pacific and) elned 1-2 to 1 point under moderaie pressure. The copper stocks were lower aleo, and there was renewed evidency of liquidation there, Labor unrest and the probability of a prolongation af high rates for money were the causes chiefly contributing to the heaviness in the market. The former fs receiving mote attention than tho latter, easiness lest the labor element may at- net earnings from the revenues of rail road and industrial corporations, ‘The controversy between the Keene and Harriman parties over Bouthern Pa- cific continues to be a tople for diecus- sion on the exchange, and may be men- general situation, A Wall street news bureau issues a builetin ming to have official au- thority for the statement that there would be no merger of the Western Union with the American Telephone and Telegraph Company. Negotiations for the transfer of con- trol of Chicago Groat Western seem to have been abandoned for. the time being Either the price asked was too Blah’ or the Weatech trunk nest venich Were in negotiation for the property failed to come to an agreement among ives as to the ehare of responsi bility — Call money averaged about 6 per cent, to-de, "temand for tims, money was for @ days aad f to B1-2 for aix mont! James R. Keene to-day contributed the {or owing atplemrent to the literature bear-ng "on s' ern Paciic: tha for possession of fourhern Southern Pac: c1Ao e keystone in the whole transco: Hnentel raliro People can do boty oa things in this country until some- | be ay cal ie Lhem to account. I have as od Fight to protect the value of my fhares as ave lo protect the vais, of ah Where is the law, Cutalde of the ‘corpora, t legal aresged, and in such Hil poreeamian in no! Ingependeniiy, ‘but (induatly, operate f, the law, wl the fr conalderaole Stina, te being stimulated by the possibility of 4y & majority of other active tssues de-| and there js a feeling of un-!ns it tempt to exact an unfair proportion of | N° tloned as an element of weaknees in the | s against purchases of the convertible bonds where the transaction has of- fered ‘a fair arbitrage profit, The etrength of Southern Pacific and the simultaneous weakness in Union Pacific were Ua) to indicate that the southern Pacific pool was in the market again, especially as the Keene brokera seemed to have the orders, of the jon's not been ¢avorable on foreign It ils: believed that a 2 templated in the ‘omeren of Great Western has been abandoned, and it i: that, the bull thas realized tus stock and left Its Ritowers to take care of themselves, Activity in Mexican Central was in- splred by prominent railroad men and financiers who have been looking Into Mexican affas who believe the Government will give “aadiity: to the currency ‘and eventually to place the republic on a gok standard basis. The Clesing Quotations To-day'a hinhest. lowest and closing prices and net changes from yewlerday's closing prices or from last recorded pales are ap follows: Net ch 1% — 1) 47% — 1 <— Bln — 1 thi Be bunt — I bY Re Sy — 1 yt me! 70% 100% 160% — % tae th ee : BX Bo edo . 6% % gs 10" Oh bok | is Be ised iat iw ot | Ba 100% 1 108% % Tw Tw —1 1180 158% 185% — 1 3% Bie 0) 142% 1421 S| . res ars ab = hae 9 =} ted 6% a= ROBE BRE: ey He BSE] a A # % % * % 4 My % ty Me * Se » se » % ‘6 % x 3 % * * i } * EOE EES, Rese & Sease tes FEELLEEEE FE “suRzy SESS) x = LONDON STOCKS DEPRESSED Demoralisation of Console Affects Lint, but Americans Improve, LONDON, March %.—The continued arrivals of gold increased the supplies of money in the market to-day and rates were rather eacler although there wae @ strong demand, | Discounts were {\i"ly_ ateady. ‘The demoratization of consols resuli:ng from the continued doatness of money and the forthcoming Transvas! loan, with American selling, Added to the absence of business, caured a Kel ‘epression on the Btock Ex- change conan however, recovered a ract Americans dul and below parity on New va York advices and had a nervous A008. They, experienced some Inharp relapses rthe openine, but Vek 4 quiet and above the lower quo- tions of the day. Kaffee were heavy. iio ‘Tintos reacted rane rectors of the ee Pac'flo any Company ie recent pea ee °F a ders et: ay ES eet tet FEDEIOSEE of styles at, each.. $1 for; here at, each, We Gan’t Speak Tao Strongly of the Famous Liberty Shoes for Women. Would any shoe become so widely and favorably known in two. years’ time if it were not backed by sterling merit? Look at the beautiful finish, the snappy style and the cood materials in Liberty footwear. Plainly $3.50 value. Our price is 1.98. The Best Value ard Most Comple'e Line in New York. Colonial Ties and Evening Slippers in dull Patent Leather Poots or Oxfords, Louis XV. or ay heels. Dongola Kid or Box Galf, patent or kid nf ry Vici Kid Oxfords, welt or turn soles, + Cuban or Louts XV. heels. Every one of these suits was made as a sample from which to sell other garments— that’s the best sort of a recommendation for the materials used and for the workmanship and finish. All-wool, double-breasted ‘style, 25 patterns of stylish spring materials, triple warp linings, wide French facings, sizes 7 to 15; $2. 50 values at A sample line of 500 suits—Every garment guaranteed to be strictly all wool. ‘Three and four button sack coats, single-breasted vests. Sizes in the lot irom 8 to 15 years; 50 patterns; not every size in each lot, but plenty to make excellent selection. lom: puns, crashes, serges, cay diagonal, chev- fots and cass! sewed with pure dye silk, triple warp Italian lining, wide $2.50 All-Wool aie: Breasted Suits, $1. 49 $4 and $5 Three- Piece Suits at French facings; eal $5 values; special at. . World Wants Have No Competitors. 1,65 JAMES McCREERY & GO, | JAMES McGREERY & CO. Upholstery Dept, 4th Floor. Embroidered Sofa Cushions, filled with white down, Ladies’ Pajamas. and Floor. PAID HELP WANTS inthia morning’s World, Made of Habutai Taffetas, China silk, plain or fancy 2.50 each, 587 Paid Help Wants in the 13 othee Pongee, — white, colored Value 5,00. pa aa rie i ee c: ds or striped Madras, Sa- 1,000 Sofa Cushion tops. AGENTS .., KITCHENWORK \LTBRATION LADiES' TAYLORS... 8 teen, Percale, and any | 25c:, 35¢. and 45c. ii HANDS.. 8] LAUNDRIMSSES novelty fabrics for Spring. , APPRENTICES 0B) LUNGHMBN «srr i i ARTIFICIAL MACH Embroidered Swiss Bureau a = | ASIA On Wednesday, March asth, MEN . MILLINERS Sets,—pale blue, pink and Ladies’ Pajamas, made of| yellow, BAKERS .. MOULDERS s - BARTENDERS 9 | WECKWEAR .. white or striped Madras. soc. each, arty alae pie H . : BOOKBINDDRS . OPERATORS . gsc. per pair, This season’s novelties, |p orcenrens cipal EL value 1,50 to 2.25, +] i Sa HANDS .. ; made of embroidered silk, Born nario LE NR 4 Twenty-third Street, stained and burnt wood or | pusimaen 4) PAPERHANGERS .4. 3 . leather,—ornamental tele-|Purostoun | twp ee pee! phone tublets, brush and} ee stacens. «| omen af mirror sets, trinket cases, | caxvAssens 1| PREsspRS : CARPENTERS 6| PRESSMEN INVESTORS ROP frames, recipe books,—|canniacm HANDS..15| noorens . and numerous useful and PE te | BUR BO Eat } C HOLDINGS decorative articles suita- SHARES v2 See a i 2} ble for wedding presents, | coar maxwns...... 5| smuvensmiris .... 6 Easter gifts, euchre prizes, | Coren aol onnevn waeeoa. HETPRS +f LO ‘ Americans Willing to Put Their} ete. CUTTERS sso 6] SPINNERS DENTISTS STADLEMEN Money in Speculative Enter- 1 uird Street. DIE BINKERS STENOGRAPHERS 5 wenty-thir rec! DISHWASHPRS TAILOR ESSES . prises, but Shy at Bonds. y DREASNAKEIS ”- $8] Fallona =, DRIVERS 4..00606..51| TRIMMIBRE djeeveree 8 DRUG CLERKS ...., 8) TINSMITHS ,. ‘ American Investors, according “i the ee eercnmnme | ENBROIDERERS ... 5| TUCKERS . 1 testimony of bankers and@ internation EMI, AGENCI 5] TYPPWRITERS a brokerage houses, are getting out thelr SHIPPING NEWS, FEEDPRS 4] UMBRELLA MANDS ¢ holdings of foreign securities, Some life FINIaHERS » 6] USEFUL MEN, 8 Insurance companies for reasons of busi- ‘AC; FOR TO-DA’ FOLDERS .... 2] VARNISHERS , Heat Dolley Bere, a merit natianer out | oat mee: ee aa, ein few: B38) uns Hh) WAGON She. of § ae old w. * ieiiy Sua 1 tn vestors Peng to have had ad wig cb Water. Low Water, | GROCPRY CLERKS. 6| WAIT HANDS......86 enous aa c' , {i 6. HARNPSSMAKERS., 6) WAITERS’ J, a misat eran toads Governor's 41 ; MOMBTITOHUR ...,. 1) WAITRESSES .....,.8T terest thelr clients in Soreiers noe. Heil Gate Ferry, 6 HOUSPWORK WINDOW ; y to Ruse! HORSHSHOERS lata: itieh loans, their invent: PORT oF NEW XORK. Nuns), 3 DMPROVERS . TRONERS JANITORS , ABEMOB] SANIT SSI wy? WINDOW DRiSSERS of i veal MISCELLANEOUS .269 jetegating over gaia a email en by Boney on the ane enelves aid ie, Sacer, beet cual rned to Murepe. Sus tact in Brmeaaure accounts for tne imenknead of ome. output. of tongs in fhe anuichal’ oantios © of Burepe and Great Britain, ‘The cables ey hat British Consol fencned tb Yeate Ae Ag hres A "here aa Plat of, American. us| Ba IF YOU NEED AN O8WICE BOY on 4N BRRAND Boy, aw AD. IN THE gUNDAY WORLD WILL arvy ave mity | an wri ‘Havens. ni wine Heine Nee Galvepton. OUTGOING yti4s