The evening world. Newspaper, March 28, 1903, Page 5

i | | THE WORLD:* SATURDAY EVENING, MARCH 28, 1903. ALL THE LATEST NEWS OF THE BUSINESS WORLD. ATES PLANS ANEW COUP? Wall Street Wonders Whether the Plunger’s Failure to Strike at Morgan Means Another Deal Is on Foot. HOW PEACE WAS ARRANGED. Speculators Gossip About What Took Place When Financier and Plunger Met and Whether They Will Operate Together. When did John W. Gates, the man who \deals In so many millions that all figures look alike to him, and J. Pier- pent Morgan get together and smoke the pipe of peace? was the question that every banker and broker in Wall street asked each other to-day. \ In Wall street Saturday ts the day of Bossip, and, of course, the all-absorb- ing talk wus the testimony of Mr. Gates before the Interstate Commerce Commission yesterday, when million- aires lef the tickers expecting Mr. Gates to “roast” Mr. Morgan because Mr. Morgan had publicly deciared that Mr. Gates was not a safe man to operate a railroad. But they were disappointed, Mr. Gates was careful not to reply to Mr. Mor- Ban's attack, although every opportu- nity was offered him. One Blow at Morgan. In a way he did get back at Mr. Mor- gan when he told tow the King of Finance wanted to boost the stock of the Louisville and Nashville Railroad from 160 to 170 by forming the Gouthern Securities Company and placing all of the holdings of the Harris-Gates-Davis syndicate into the hands of that con- cern. How this could be done is Greek to any one outglde of the financial world, Dut In Wall street the most remote ru- mor makes or Joses fortunes for thou- sands. Financiers wondered to-day {f Mr. Mor- gan and Mr, Gates had another deal on and if that was the reason why they had arranged a truce. “The day or night on which Gates and Morgan got together and the conversa- tion over the pipe of peace would make interesting reading,” @ prominent banker and broker said. ‘I look for some big developmenta out of this. The mild way ‘in which Mr.. Gates let Mr, Morgan's at- tack on him go by is an mndication that there 1s something doing.” It was rumored in the street to-day that Mr. Gates is going to retire from stock speculation and devote himself to the quieter pursuits of legitimate busi- ness. Same Old Story. Brokers are accustomed to hearing that Mr. Gates is going to retire. He has fallen into the habit of retiring— in the newspapers. He retired last fall. But he returned to New ork heav- jiy short of the market, having taken the precaution to engage in commitments on the bear side prior to his arrival here. He is said to have been short 300,000 shares or more, and to have made one of the greatest ‘“‘kill- ings” In the history of stock specula- ton. The story that Mr. Gates is going to retire once more is qualified by the further remark that he will still retain his interest as jal partner in Harris, Gates & Co., of which his son, Charles, 18 @ member. SNAPSHOT OF J. PIERPONT MORGAN TAKEN WHILE ON HIS VISIT TO CUBA. Latest Picture of the New York Financier at a Banquet in Ha- vana. ‘Through the courtesy of CoMiers Weekly The Evening World prints the latest photograph of J. Pierpont Mor- gan. A flashlight picture was taken of the scene at the banquet given to Mr. Morgan on the occasion of his recent visit to Cuba, from which the repro- guetion 4s made. President Palma sits on the left of Mr. Morgan, while Mrs. Paimé's picture 16 just opposite. CURB STOCKS EASIER. Trading Was Quict, with the Usual Leaders Prominent. ‘Trading on the curb was quiet and ler to-day. Northern Securities rose 3-4 per cent. at the start, but sold off to 103 later. Greene Copper sold at 2 5-8 and 2 1-2, while Steel 5s were quoted t 86 1-2. 1-2. | one ‘bid and asked prices‘of the prin- cipal outside securities to-day were: | Bid. Anked | Northern Securities 10 he U. 8. Sigel 85% 864 | Greene Copp ue 2 American’ j American Ci a at J. HILL IN LONDON TO REST. Says He Knows of No Big Ratlroad | Deal with J. P. Morgan. LONDON, March 28.—J. J. Hill, talk-| ing in London, sald: | “Tam here on no special mission, but | solely for rest. I have not come over to tell English railway men, who should know better than myself, what to do. ‘Asked about the reported joint railway schemes with Plerpont Morgan Mr. Hill | sald: | “Tam unaware of any big scheme of the kind the newspapers report, and 90 to 95 per cent. of these reports may be discounted. I am leaving for home next Wednesday.’ BIG CASH ~BANK STATEMENT. Clearing-House Figures Favorable to Trading and the Market Imme- diately Responds, While Wall street was looking for a joss in cash of about $2,000,000 in the ‘bank statement to-day, the Clearing ‘House figures came out, showing a gain of 91,494,000, This unexpected increase brought joy to the traders and stocks immediately took an upward turn, ‘The statement wee as follows: GAIN IN Stock Reserves on all deposits, increase. RResorves on all deposita oth United States, Increase. Loan, decrease ‘Logal ‘tender, in Deposits, decrease Cireujation, tnorease The surplus this week was #4,%) a6, agadnet $8,190,400 last week and 675 last year. GOSSIP OF MEN AND AFFAIRS ‘IN THE FINANCIAL DISTRICT, | Becretary Shaw, of the Treasury, acknowledges the receipt of $2,680,000 In Gov- ernment threes and fours for refunding, in accordance with his offer. James J. Hill, President of the Great Northern Railroad Company, says that the country needs many more ratiroads, as trade is increasing greatly and railway facilities are overworked. B. H, Harriman has seoured through his representatives in the West proxies ‘@n 187,600 out of the 193,000 shares of Southern Pacific stock held in San Francisco, | He will add these to the number he already holds for voting purposes. A. C, Bird, traffic director of the Gould system, has taken possession of his new offices in the Western Union Building and ts recelving the congratulations and good ‘wishes of the leading rallroad officials of the country. TO ‘STIMULATE’ PRODUCTION When the supply of oll in an oll r gion runs short, it is natural for the Prige of the commodity to rise, The explanation would lie in of pup; Hy a deanna, byt thi are dont iy in thepe days of cents and a recent advance price of Indiana th Li The Grain Murket. Grain was quiet and somewhat weaker to-day, owing to the favorable weath reporta from the West, more Itberal cepts at thi ton by tres 1-40, und: 16 Di close, whi.e corn was fractionally weaker, with the exception of the March option, which | advar on a Were about steady for easier for July. Pro changed and featureless. New York opening prices were: Whe: oMay, 11. 3:8; duly, 7. ; a 3 yg%ihj U7: Corn—Mare en were: Wheat i duly, 4 duly, ions were un- | who in turn appealed | Astoria. ecare shoris. Oates | Were appointed?” fay, but slightly | STOCKS SHOW A BETTER TOE Liquidating Movement Appar- ently at an End and Market Gains Strength on the Good Bank Statement. | \MORGAN IS OPTIMISTIC. Financler Says Better Times Are Ahead and Other Leading Mag- nates Agree with Him—Mystery In Pennsylvania Doings. Untti the bank statement appeared to- day, sending prices up on the 6tock | Exchange, the market quivered, al- | though not continuing {ts plunging | course downward. There was apparent- ly no further heavy hquidating pres- | sure, Commission houses did some | more weeding out of weak accounts, but trading generally had measureably a shrinkage in market values on the 000 in six months. This enormous de- DETECTWE HELD | 9.0 9. Trailed H. J. Braaker in the In-' terest of H. H. Vreeland, Now} Defending Charges Against! the Metropolitan Traction. | Henry J. Braker, the capitalist who employed ex-District-Attorney Philbin to examine into the affairs of the Metro- politan Street Railway, appeared in Cen+ tre Street Court to-day as a complain- ant against David Weller, a private de- tective, Mr. Braker accuses Weller of shadowing him, As soon as his name was mentioned in connection with the Mefropolitan case somebody put Weiler, who is an operative in a well-known agency, on his trail. Weller appeared outside’ the residence of Mr. Braker the next day and dogged his footsteps unceasingly from that time on. being shad- Philbin, Mr. Braker got so tired of owed that he complained to Mr. to the District- Attorney. Detective-Sergeant MoNaugnt Was assigned to shadow the shadower, and he decided yesterday that Weller's methods were offensive. A warrant was| therefore secured, Weiler was taken in under section 675 of the Penal Code, which provides fo! the arrest of any one not a regular po- | lice officer annoying « citizen by shad- owing. | Magistrate Pool held Weller in. $500 bail for the Court of Special Sessions, | Mr. Philbin announced that William Amory and all the others whose | names have been mentioned in connec- tion with the action against the Metro- ‘ elng shadowed and that all! be arrested if es will lance does not cease. From the Criminal Courts Butlding Mr. Philbin went to Police Headquar- ters and talked with Commissioner Broene. He intimated that more ar- rests would be made if private detec- tlves kept shadowing William N.| Amory, H. Hf. Vreeland, President of the Mitropolitan Railway Company, has caused subpoenas to issue for James | R. Keene and this sondn-law, Tal- bot J. Taylor, who have been varl- ously mentioned In the case, but prin- clpally as favoring tie Amory itigation Mr, Taylor os been served, but the horift bas been unable to reach Mr. eene. It was reported that he was ok In his apartments in the Waldorf the} oll, attorney for Mr. | Vreeland, expects to learn much from De Lane ed May. entire 48; November, 8.04 to 8.25, list recovered a trifle on mand from shorts. to 8. 8.54 After the initial trading the October, 4 to $26; De- preciation must have inevitabl, tie, a reduction in loans. The ba: uation must therefore be stronger. liquidation tn New York Central, Penn. recovered from the sem{-demoralization | , Te4ay'e Sghert, lovers ent closing prices ant of yesterday, although still excemsively | trom lest recorded sal stat nervous, ee br ar iam Tho bank statement, which was much eT AT. more favorable than the most sanguine tre vit ba} looked for, immediately infused vigor 508 tu Into the deallngs and ‘the Mst advanced m7 te from 14 to 1 point. eit 8 The Btock Exchange and the brokor-|oremreke AO $i age houses were full of disquieting | Chic. G. i was = gorslp, and predictions were freely made |G.) Minit, “E iroa'”! cas that tremendous Nauidation of long| Den. & Rio Grande ie + stock would be resumed as eoon as the| Den. & R. G. vf a market rallied suMolently to take offer-| Erie lat pi. oe — ings on an extensive eoale, This eort | Erie 24 . isla} of talk, however, was for the most part | !!!!20l# Central Te die + mere speoulation and idle conjecture. | Met. Securities ay Wak 4 — 8 == x in 13% 1364 18 + Among the reports in active circula- | Now ”itan. uh UM tion @uring the first part of the fore- | Mo.. Kan. & 7 3 Bim 88 + % Mimourl ‘Pacific 107M 106” 108% — % noon, was one to the effect that the bear | Norfolk a Western. % 68% OOM + leaders had locked up $8,000,000 or $10,- | New York Qentral a 1 ay ts 000,000 by the device of drawing large | ymerl) & 1B, 4 IN tg checks against their accounts and hav-| People's mn 10L” IL | ing them certified. This fs an old game, | Resting ref but ¢ has not been practiced much of | toc! meth late years, having failen into disfavor, we 8 \ 0% — 1% J. Plervont Morgan was quoted as Bets having expressed the opinion that the gen 8 worst was over and that better markets | Union 90% 20% — may be looked for soon. He says the Uslos ely bh ae} monetary conditions are Improving and!v. 6. 90 #0 4 looks for no embarrassment on account |U- & Stes! S ft Ss * of any money stringency during the next |. 8. etecl Rts % MOM few months, Mr.- Morgan will sail for +B mh ah w Ou 484 Oh + Europe April 8. BO mN EN Other important persons in the bank- | W's. BEI ae a aT ing line entertain views similar to those voiced by Mr. Morgan. There has been Stock Exchange of more than $1,000,000,- forced) the Stock Exchange to-day, while other ing slt~ The background cause for the heavy sylvania and St. Paul yesterday is still ‘unexplained. It is « mystery and our- fosity as to the oocasion for the slump Temains unsatisfied, There ts goasip on the subject, to the effect that a Pitts: burg plunger started the break by let- ting €0 &@ speculative line of 50,000 ehares dm high-grade issues, having determined suddenly to stop a loss which had al- ready reached almost $1,000,000. The dumping of this Une ts said to have frightened the professionals into the be- Uet that sensationally bad news waa about to be eprung. Pennsylvania was an early loser, but came to the front at the close, covering the deoline. New York Central followed it closely in the day's dealings. Coppers and Southern Pacifico were weaker, while Steel made a good effort a recovering @n early loss, as did also ul. Unton Pacifle was about the best-sup- ported stock and was one of the few iasues in which it was le to trace the more important interests of the “sireet.”” Atchison held fairly well. It is thought that the most important independent holding in tt is secured in euch @ way that it wit not come out upon the mar- ket under any circumstances, Philadetphia selling continued to exert oonsideradle ware upon Pennsylva- nia and Norfolk and Western. Reading was helped somewhat by the ‘fine showing of the February statement and the anthracite issues were Generally 8014 out. The Closing Quotations. — Decline, + Advance. LONDON STOCKS STEADY. American shares were neglected on departments were steady with business at_a maximum. ; South Africans tmproved on better buying for the new account, while Con- tangoes for settlement were 5 to 5 1- per. cent. aigher. L HHOMAS A. EDISON, the inventor, in_ mi out the problems of the future, gives Pg tn tO the necessity of fighting the becteria which The ba into the systeu, lung: stom all times, ily enter Sif each per: which he co! provisioning aves us our diseases, ia of disease, the mosquitos and flies are the most dangerous enemies of man. The mosquito with its bite injects into our veins malaria, yel- low fever, and other fatal troubles, The fly, with spongy feet, collects the invisible ge over our food and poisons us with typhoid, cholera and other| Ri plagues of the human race. See only through microsco is represented in the left-hand corner of the sketcl id that it Mr. Keene and Mr, Taylor. One of the Pueations ch he says he will asic them on the witness stand Is: | “Have you not contributed means for the expense of the charges made against | is: ‘To what extent, if any, would you be benefited Imme- diately through a decline in the price of Metropolitan st in cave a recelver —O.-_—_—_ The Cotton Market, As an outcome of unexpectedly bullish cables this moraing, cotton opened firm, with prices 2 to 7 points higher. But the bulge active profit taking ensued weakenod prices. Followin, ae ae ao tay Fo a third shape almiost incomprehensible, with health or Discovery, io asia are required Impo 3 of diseases, spreads them The The bacteria of cone n a acteria of influenza, or grip, is shown on the right, These little organisms can point to victories by the million, | !¥ which lie in such numbers in our cemeteriés, Thus far scientists have not been able to fight these bacteria very well, The best thing we can possibly do individually at present is to keep ourselves in such a state of health as will enable us to fight the bacteria with our own vitality. GOOD RED BLOOD OUR AMMUNITION. The blood which flows through our veins and arteries should contain healthy red blood corpuscles which are capa- ble of warding off the attack of the disease perme if the While we keep our blood and our little army of fighters in order we can resist fatrly well the attacks from the outside, against bacterial attacks there are man: to be thought of—proper nourishment of the blood, nervy heart and liver, h, pure air for the lungs, exercise Good wholesome air taken into oxidite the blood and make it strong, Sunol portant for our well being. whack,” if the blood does not yet the proper nutriment out of the food eaten, we at once weaken our defensive forces and the gernis of catarrh, consumption or grip read- it to us lo t is slso im. If our stomach is “out of Dr. Pierce, the eminent physician of Buffalo, N.'Y., says, n will consider his system as an army of men rols as a general, and’ will see to its jenty of ammunition in the of good red blood, he will be able to overcome the enemy in the slape of the germs of disease.” person has five million red blood cells or corpuscles to every square millimeter of blood. The numberof red blood corpuscles in the average human being is so great that it is However, their numbers increase decrease with illness or mal-nutrition, best tonic for increasing the red blood corpuscles and buildin; up healthy tissue is no doubt Dr, Pierce's Golden Medica This medicine has been on A alate ne inesls al gischal wil shetae: the ero tonic le up largely of alcohol r © cles of the blood aud ‘make resistance, A ¢od lives oil makes the stomach groan because it is irritating. What is needed is an alterative extract made of roots and the use of alcohol, that will assist the stomach ip from the food such elements as thet will them weaker for Pore, ule au CONSUMPTION conn. Next to the actual care, the shops, ONLY ria of disease we can who were in ve, not only be able many who were suffering Medical Discovery. nutritious food, t n good con itfor - Se resist fairly | Will be cheerfully by the undersign ical Discovery, if tl and signature of lished sands which they In preparing ourselves important things puoper food for the cleanliness at gs hel; volunteered World's Mrs. R. J. Hall, of two years wit! failed completely, eral doctors, Did wat given up. Was roper room with lamp Dr. Pierce, an Every healthy | sfedical Discovery." hope myself, I feel hie Gol ihe | friends and to every the market for over | There blood and lungs. ce, Is the name Adviser, of w' ‘elt | Ber not themselves infected on account of their ance, due to perfect health, The breath one inhales from the ngé of another may contain germs of disease. You will jousands of cases have enabling him to eat, retain, relieves indigestion, and the person fever, Mistereee headache, etc,, which are 80 common. low, and also of every testimonial amon; jaundice an T was given up iden Medical Discover h nearly two million Send a1 cents in one-cent stamps, for this 1000. covers, stamps for the ‘ Rio Tintos closed a shade| | or round amounts. Banking and Financial. Tax Exempt Send bide ins seaind envelope, Inoloed tn the VALUB MUGT ACCOMPANY BID, It must be bank of New York City, This deposit will, Didders, For fuller information exe ‘Oty London Bare of “Americans,” prices “low” and “shor! interest “great earnings “lar public interest in stocks “little; outlook | “good;” speculative sentiment} ‘‘bad,"” Crop probabilities, excellent; exports large with prices good. These permanent factors are bound to more than counterbalance local adverse facta, thereby certain to rule the finality of spring prices. Daniel Drew's maxim: “Commence to buy stocks in the spring, when the sap rune up the trees.” WE WILL BE PLEASED TO AD- VISE YOU WHICH STOCKS WE DEEM THE BST TO BUY AT) PRESENT, ALSO TO MAIL YOU, GRATIS, OUR 400-PAGE “GUIDE “DAILY to andour MARKET INVESTORS” LETTER.” The former tells you all about Wall Street, its ways and its securities; the latter dally suggests stocks to buy and to sell, and when to do so. We solicit commission orders for in- vestment or upon margin—fractional CORRESPONDENCE SOLICITED. HAIGHT & FREESE CO.,, 53 Broadway, New York.” STOCKS, BONDS, GRAIN, COTTON. “DETERMINING THE CHARACTER rt. VEE ea aoa ay Public Notices, THE CITY OF NEW ‘YORK, DEPARTMENT OF TAXBS AND ASSESSMENTS, MAIN OFFICE, BOROUGH OF MANHATTAN, NO. 280 BROADWAY, STEWART BUILDING, January 12. 1903. NOTICE 18 HPREBY GIVEN, AS REQUIRED yy the Greater New York Charter, that the booki aaljed ‘The Annual Record of the Assessed Vali al Eatate of the Boroughs in tor examination Monday of January, and will OF APRIL, 1903. that the books are open to pplication may be ation claiming to be age ye sanetsed valuation of real oF per-| ‘estate to bave the same co . nal ce Dorough of Maabettan, at the main o of the Department of Ti ts, No. 28) Broadway. Borough of Th ugh of Brooklyn, at the office of , Muntolpal Butldi | a6 the Department, ulldtog, and Fifth ‘Street, Long Island City. “in the Borough of Richmond, at the office of Department, Masonio Building, Stapleton, be tho) i the Boro of Applications relation to the assessed valga- | ton of person it by the ia of the located, between the hours of 10 Ar M. berever many colt congrense, of ‘where sunlight and good eir does not. SERALTH CAN RESIST THEM. it experiments have proven that the gerty of ‘con- jon was present in the ade of Ravens and nurses ice on tubercular patients, They were power of resist- to resist the germs of consumption, but 1 known where persons from incipient phthisis, or the early stages of consumption, were absolutely cured by Dr. Pierce's Golden , It maintains a person’s nutrition by digest and assimilate the proper It overcomes the ic irritability and thereby saved from $3,000 FORFEIT id in lawful money of the United States, , proprietors of Dr, Pierce's Golden Med- hey cannot show the original testimonial the individual volunteering that pub- the thou- ting the are constantly publishing at per ve properties of their several medicines, thus Groving the genuineness of all the multitude of testimonials y grateful people, jn their behalf. Dispensary Medica! Association, Buffalo, N. Y. Roxboro, N. C., writes: "1 suffered near! ce and indigestion; in I tried everything for relie! ig seve not improve, but grew steadily worse and unable to do any work, and at night (after sundown) was blind, so that I would walk against chairs, etc, in basplog brightly. une ly. My husband finally wroteso ler his advice, 1 began taking his ‘Goldén Am happy to say tbat after taking six All my friends who saw me when sick and ‘result of your great and grand rem- all, doctors included, and Had lost all that I owe my life to Dr. R. V. Pierce and "1 recommend it to all mi: one suffering from similar ailments” ~ no substitute for “Golden Medical Discovery.” nothing “just as good” for diseases'of the stomach. THE BIBLE OF THE BODY to Dr, Pierce's Common sense Medical have been sold. book in Address | | , except on Saturday, when all ap- | eas must be made betwe 1A M. and Fa! toon. Commissioners ot ‘Taxen and Assensment. For Sale. H. Zeitz & Tarshis, CLO TH ING Men, Women and Children lon the Most Liberal Terms of CREDIT. 2239 3d A . 122d St. NEWYORK rire za aun re Ath St. 535 Full 4 . L. BROOKLYN) 6s ‘stn Ace, BP tuk EVERYBODY CREDIT Pivexveo0r Clothing, Cloaks, Jewelry, Furniture, Dry Goods, FOR $2,500,000 " NEW YORK CITY 3 (Payable in Fifty Years) a A legal investment for trust funds, exempt from e except for State purposes. No “all or none” bids eoeltaale thus giving investors the same advantages as dealers, Bonds are awarded to bidders offering the highe: premium, A bid of 108.75 yields 3.15 A bid of 107.44 yields 8.20 per cent. income A bid of 106,14 yields 8.25 per cent. income STATIONS oot ui WEST TWENTY et. and DESBhOssES AND CORTLAN! | sar 7 fro below tor "Tw ted oth noted. ‘ d ‘York to ‘chleabo. "Ne: wh Remember | 7-9 Gia? Gold Bonds addressed envelope. TWO PER CENT. in cath of ‘certified, check i If requested, be, roturnea day. ot sale te ‘Reoort,"* published at 2 City Hall, New York. 9” Consult any Bank or Trust Company, or a: EDWARD M. GROUT, Comptroller City of New York 280 Broadway, New Yi Railroads. Pennsylvania RAILROAD, Jand. 9.65. A. PENNSYLVANIA Valier ba P. M.: RN ‘ot Toledo, except Satu: a 4 P, M.—PACIFIC and bene. For Kaozville, an Val ey: Route, Conns Stooge satuntes™ es 3350 F St: EXPRESS,—I daily, i VELAND AND CIN Fr Pittsburg, Cleveland & reeaional Lim... 25 (Dininy Dining Cat, ‘ sou rapes RATLWAY—E M., 12.10 dally. Limit B. , (Deeb: seAvokaD At CLINE 2.10 P.M. week board Florida, NORFOLK AND. CHESAPEAKE AND OHI week a oe. FORT Mall, Amite iN Jaya and 4. Ty ough to destination. ‘Telephone ‘914 Eighteenth Rallroad Cab Service. W. W. ATTERBURY, Genera! Manager. Si FSSBESERSEE SETSESSSAT: £ : ¥ 3 * The World Almanac has, since its first issue, been much valued by this Department as a Book of erence upon the subjects treated therein,” says EDWARD M. DAW= SON, Chief Clerk of the Department of the Interior, Uncle ng Sam’s Shove; business sirictly consdential. 62 BOWERY, COR, CREDIT. Watches ana Diamonds. » Reliable Goods , 0: DENTIAL NSACTION . |, Write or Telephone, American Watch and Diamond Co,, 19 MAIDEN LANE. TAKE ELBV “TYPEWRITERS RENTED, — yy, Tel. 8240 Frank TYPEWRITERS 4 ebiuy, All Maker, at Al Type! . 243 Bway, formerly 66 Warren. 330 Fuliop, Bkiya, Lawyers. GEO, ROBINSON (Lawyer, 9 Redon me. Day), 110 Bway, 1 Reference _ nay Book vi has always been the” Wo and