The evening world. Newspaper, May 23, 1903, Page 4

FOR INVENTOR been thrown on the beach a few feet © Beet washed out to sea. “Along with the sult was. letter ad-|D. Like Poe’s Raven, a Black yé Pigeon Which Flew Into Aged f Georye B. Sheffield’s Room | Brought Bad Luck. HE TOOK IT FOR A MODEL. ‘Worked-on Alrehip Until Mind Wa _.# Overturned, and He Has Gone to t levue, Accompanied by Wife jj Who Will:Not Desert Him. PAkePoe's raven, a pigeon with teath- ts as black as coal perched In a ®quatid room at No. 605 West One Hun- @red and Twenty-reventh street It Proved to be a bird of evil omen for Geoyeo B. Sheffeld, an aged inventor. Sheffield and his wife are now at Bellevue Hospital. The old man has fost his mind. Mrs. Sheffield 1s a wreck Physically from worrying over her hus- eand’s condition. Sheffield was a prominent figure in Wew York twenty years ago. He In ald to be. the inventor of the finst naphtha engine ever built, and at one time he fwan svorth $100,000. Careless business (methods resulted in financial disaster and the losing of the rights on 375 pat- ents which he had procured. ‘Finally the old man and his wife were @ompelled to uepend for their support pon Mrs. Mary Yachmann, their Gaughter. She and her husband live qmith their four little children in threo mal! rooms on One Hundred and ‘Dwenty-seventh street. Hix Love for Grandehild. The youngest of these children, Annie, Who is four years old, took a great fancy to her grandfather. He respond- @4 with double interest to this childish jefore I die,” he would eay proudly, will complete one more invention ich will be the crowning glory of my Ufe. I will make money out of it, and Mttlo Annie shall become a great indy.” ‘But he never knew what the Inven- tion would be. One stormy evening a month ago @omething struck against a window of the Yachmann home. Sheffield ran for- and opened the window. A black pigeon flew in and perched itself on his shoulder. “My idea has came at last,” shricked the old man. “My invention shall be an @irship.” Phe next day he built a wooden cage for the pigeon and kept it near him con- Slantly. He would force the bird to fly, Biudy its movements carefully and make taysterious Jottings on bits of paper, he began building something. Mrs, Fachmann did not question tum about tt cause she was happy enough to have bis mind occupied, from the shape of the rude wooden structure, hot er, she: thought tx was a model of an airship, His Lat Hope Gone, I will know the truth now In a few ys," remarked Sheffield last week, ‘My’ life's work 1s almost finished.’ he day after Sheffield made this re- mark, eMs. Yachmann noticed that his jel had disappeared. When sho asked im about it he became almost frantic, but refused to offer an explanation, The old man then began wandering @isconsolately through the house. Once the took a large clock down from a man- el and began turning the hands back- ard, He showed other evidences of insanity and Mrs. Yachmann then nad him removed to Bellevue. Mrs. Shef- field insisted on acoompanylng him. To-day the black pisegn occupied the room formerly used by Sheffield. It sat on a table carefully watching those who game near it, but making n> movement. Im a corner of the room little Annte lay erying for her grandpa. Sheffield is seventy-six years old, He was born in Hopkinton, Mase DID THE OWNER DROWN HIMSELF? oad GEORGE B. SHEFFIELD, WHO BE ON AIRSHIP, AND WIFE WHO I ALA NIGHTS IN CITY PARKS. Moving Pictures to Be a Fea- ture of the Outdoor Celebra- tion of the 250th Anniver- sary of the City Charter. Two centuries and a half of muntelpal history illustrated, alto moving pictures showing the workings of several of the clty departments will be a noteworthy feature when displayed upon canvas in the public parks next week during the celebration of the anniversary of the first charter of the city of New York. At the precise hour, 8 o'clock, when the city will be ablaze with light from end to end on Tuesday night in accordance with the plan proposed by The World, begin the outdoor exhibitions. Two hun- dred different views have been prepared for the stereopticans, and there will also be bands of music to make the oocasion & merry one The World's plan to !Mlumtaate the jeity has ugain reoelved official indorse- ment, Mayor Low to-day addressed the following proclamation to the peuple of New York City, calling upd. when to iNuminate their homes on Tueyday night. ‘0 the People of the City of New York: “On Tuesday, May 19, the Board of Aldermen adopted the following: resolu- on: “Whereas, ‘The clty of New York will celebrate during the coming week the two hundred and filftieth anniver- sary of the establishment of local miu- nielpal government; and, “Whereas, It is desirable and proper that every resjdent should participate In this celebration and that the city should make this a gala season. “Resolved, That every property ow er and house occupant be requested to have all windows of their homes or places of business illuminated between the hours gf 7.80 and 10 P. M. on Tues- day evening, May 26.’ ‘SAME INSANE WORKING WITH HIM iN BELLEVUE. VANDERBILT AD Dr. Tristram, Chancellor of Lon- don, Defends Action on the Grounds of Law Granting Millionaire Permission to Wed. LONDON, May 2%.—In a letter to the Times, occupying three columns, Dr. ‘Tristram, Chancellor of the London diocese, to-day defegds his actlon in granting the Varjterbilt-Rutherfurd marriage Mcense by law and custom. Dr. ‘Tristram contends that he was obliged to grant Mr. Vanderbilt's ap- plication. The Chancellor's answer to the Bish- op of London's severe criticism forms the text for a lengthy editorial in the mes, which saya Dr, Tristram's ar- ment opens wp an important contro- versy between church and state. The Times maintains that the Rey. R. H Hadden’s act in marrying Mr. Vander- Dilt and Mrs, Rutherfurd was dua solely to an error of judgment, which it hopes will not be copied by others of the English clergy, and deprecates the “heavy moral censure which seemed to te Implied by the Bishop of London's language.” \ ‘Tho Times upholds Dr. Tristram's con- tention that he had no tight ¢o interfere in a matter so dubious, whereon the House of Lords and the House of Com- mons had themselves legislated in dl- rect contradiction of each other and ‘t the general, moral sense of the public.” ‘The editorial continues: “It would seem a great ‘hardship that by the sole fault of ¢he gutlty party an innocent person should ‘ve placed during the Hfetime of that partner under one “Now, therefore, I Seth Low, Mayor of the city of New York, do call apon the people of the city, as far as in them lies, to act upon this recommendation, to the end that on the evening vz May, 26, the day of the offlotal celebration of the grant of the first charter to New Amsterdam in 1653, the cit ymay wear a gala aspect in every neighborhood. “SETH LOW.” Sufi of Men’s Clothing Found on the Shore at South Beach Near the High Tide . Line. ‘Qn«the sand near the board walk at South Beach, Staten Island, was found today an expensive blue flannel sutt, evidently left there by some man who hed elther committed suicide or had Placed the sult there to give that im- Pression. ‘A man employed about the beach saw he suit to-day and informed the police, fwho at once made an investigation. ‘The gd consisting of @ coat and trousers, of light summer weight with a fine white stripe running through it. No other articles of clothing wore found near the suit, whloh.was near the point to which ithe water rises at high tide. If the other articles had Mearer the water line they might have Mivemsed to Mrs. James Riker, No. 278 renth street, Jersey City, In which ‘writer, who signed himself George eaid he proposed to commit sul- @ trolley-car gonductor it was ened that late yesterday he nad car- Hed & man to the resort who wore & he same kind as that found cn The man was seen saier strolling along the boul 9 particular attention was pi @nd so far as known he was in, ee of underwear, shirt, shoes incli the police to the theory one desired it to be thought n d suicide, formerly lived at No, a at Jersey City, ‘with weeks: eu to I F.and Mrs. Bpatts, pot at home this While the celebration proper will be- gin at § o'clock Monday night with ins door lectures at the Educational Al- lance, Board of Education Hall, Y. M C.A., Cooper Union and various public schools and halis in the other boroughs, the outdoor entertainment will not begin until Tuesday night at the same hour. ‘The park exhibitions scheduled for that time are: Manhattan—City Hall Park, Man- hattan’ Square, Central Park’ West, Soventy-eighth ‘to Hlghty-firat streets and Mt. Morris Park, Ong Hundred and ‘Twentieth street and’ Madison avenue. Bronx—Crotona Park, Fulton, Third and Arthur avenues, 'Brooklyn—Horough Hall Park, Court and Pulion streets and Winthrop Park, Nassau and Driggs avenues, Russell and Monitor streets. ueens—Kings Park, Jamaica, L. 1 Ri Water and “Canal Kb streets, § ‘The same exhibitions will be repeated the succeeding three nights at different parks and squares in the five boroughs. No. section of the 1 "be looked. Even greater clty wi Mulberry Bend will be the ‘plo- tur lay going there lay night. That the outdoor exiibitions may de a success, Mayor Low, members the Board of Aidermen ‘and the Board of Wducation are hoping for clear weather for the four nights, "The. official programme ts Invocation, Rev, Cornelius D, as follows: Le Wells, ‘Address of welcome, Mayor Low James Grant Wil: Oration, Gen. on Music, “Star Spangled Banner.” Addresse hu Root, Secretary of War: Benjamin B, Odell, Jr, Governor of New York; John Clinton Gr Jus- thee of the Court of Appe Rt. Re Henry ©. Pottor, Bishop of New Yor! Rey. H. Pereira Mendes, Rabbi, Con- aregation Sheartth-[srael Music. “America Benediction, Most Rev. John M. Far- ley, D. D. —————— JOB HEDGES MADE RECEIVER. Appointed to Wind Up Solvent Con- cern Because Partners Disagree. Justice Dugro, of the Supreme Court, has appointed Job E. Hedges recelver for the co-partnership property of Mar- tin Zinn, Arthur Zinn and Jeremiah Reichard, who do business under the style of the Gem Cutlery Company, at | Mr. tts, ald employed by Hwitt é re, wh an ofilce Jetuey be No, & Reade strest, manufacturerd of safety razors, pending a suit brought by Martin and Arthur Zinn against Jeremiah Reichard. their partner, to wind up the affairs of the partnership On account of disagreements between of the greatest and most trying disabil- Itles that can be inflicted, a disability which may involve the greatest lempta- tion, and where Christian opinion hus been and ia clearly divided, Even cler- kymen owe some deference to the laws of their country, and still more to the moral sense of justice in the commun- ity $2,500,000 IN GOLD GOING OUT. Two Firms Add to Shipments for Monday to South America. George O. Gordon, agent for the Lon- don and River Plate Bank, increased to-day the amount of his engagement of gold bars for export to Buenos Ayres Monday from $500,000 to $1,000,000, Dar Ing, Magoun & Co. also Increased thelr engagement from $250,000 to $500,000, Ajiding to these the shipments of $50 000 to be made by Muller, Schall & C and $500,000 by the Merchants’ Bank, Philadelphia, there will be a total of $2,600,000 exported Monday on the scam. ship Merchant Prince ——_ SHIPPING NEWS. © FOR TO-DAY. 7-16|Moon ries, ALMAY 4.38)Sun wets Sun ives Low W AM 10.25 10.57 1229 Inland te Kerry 1 OF NEW YORK, ARRIVED, . + Bouthampton Liverpool "ort INCOMING STBAMSHIPS, DUE TO-DAY. Arkansas, Stettio. Callie, Laveryoal yn, San Juan, Columbta, Glasgow Bucher, ‘Hamburg ©. dt Palermo, Gibe'it'r. Primula, Pretort OUTGOING STEAMSHIPS. SAILED TO-DAY. Etruria, Liverpool, Morchaut Prince, Argen, Finiand, Antwerp. Axon, Pernambuco. Furnetsia, Glasgow. — Hosalind, Newfoundland. Denmark. Maracaibo, Curacoa, Ponce, Porto Rico, Bi valle, Galves'on. Chalmette, New Orleans, The frm ts solvent. The} 3h leo. Havas Fiandria, Haytl, Velensta, Jamaica. Lampasas, Galveston, Comus, New Orieans, Kaneas @ity, Bavannad. FRAUD CHARGED RIGHT TOLIGENSE) IN ASPHALT DEAL Kentucky Man Asks New Jersey Court to Cancel Gold Certifi- cates Declared Issued to Magnates. TRENTON, N. J, 3 Spinks, of Newport, counsel, to-day filed 23.—Harry C, through his the United tn States Circuit Court, a notice of appeal trom the determination of Receiver Henry ‘Tatnall, of the National Asphalt and the Asphalt Company of America, not to Institute a rigid investigation concerning the “Issuu of gold collateral certificates,” as com- plained about tn a letter written by Spinks on May 18, 1903, three days afte: tife sale of securities of those asphalt Jcompantos in Jersey City and the decree of Judge sale, The bill of complaint on appeal sets up: “Fraud in the issulng of these gold colatenal certificates to Amal L. Barber, Francis B. Greeno, eGorge W. Blkins, who were the promoters and organizers of the Asphalt Company of America, “That the contificates so issued were Kirkpatrick confirming the’ by them transforred without any con- sideration to and are now held by Hen- ry W. Biddle, Rudolph Ellis, Alvin W. Prech, 8. 3. Morris and C. 8, W. Pack- ard, a committee of the holders of the collateral vd iterates of the As- phalt Company of America and have been proved before the elver on be- half of this committee ‘Tithe and Trust Company IL] goes on to ob they purported p been issued. Spinks asks that the certificates be cancelled and @ court order issued com- pedding he recelver t rigidly Investl- wate why they were issued, q THE CLOSING QUOTATIONS. To-day'a highest, lowest and closing prices and net changes from yesterday's closing prices or from last recorded sale are as follows High. Low. Clos.changee: ni tis = Atch,, Top, & 8, F..- Atch., Top. & 8. F. pt Balt. & Ob ve ve Ralt. @ Ohio pt. Brooklyn Ro T Canadian Pacific Chea, & Ohio One a. We oo Mil, & St Fre ree FF. pe Milnois Louis. & Manhatt Mot. St Mo. K Mol Ka Mistourl Pasite Norfolk & Wert.. N ROR eT Ontario & Weat. referee £ nd pt Southern Pacific Southern Rallway Southern Railway pt St. & 8, Pees Tean, Coal & Iron. t Ne Union Pacific S, Leasher — Decline. ———— LONDON STOCKS STEADY. Americans Improved with G Market Toward the Clone. Americans hardened tn the London market to-day, while other issues closed steady all around. — Virtual stagnation existed in South Africans. Rio Tintos were at 601-8, The new Transvaal loan neral ruled at a premius of 13-8 per cent. << ‘Trust Taxes Reduced. The New Jersey State Board of Tax- ation met in Jersey City and reduced the valuation on the personal property of the Tobacco Trust from $96,000 to $196,000, @ cut of $100,000, THE WORLD: SATURDAY EVENING, MAY 23, 1903. BAITISH WEALTH AMAZED HN Comptroller of Currency Ridge- ley Returns from Europe and Expresses Surprise at Depos- its in London Banks. THE FAITH OF THE PEOPLE. | Their Confidence in Banking In- stitutions and Knowledge of Re- More Widespread than They Are Here, He Thinks. source: After four weeks’ vacation in Europe Comptroiler of the Currency W. B. Ridgeley returned to-day on the Cam- pania with a fund of valuable financial information. | “The banking institutions of England |chlefly interested me," @alid Prealdent Roosevelt's appointee as he stepped upon the Cunard line pler, "I was jamazed at large deposits shown in their reports, Why, the Bank of England nione has deposits of $25,000,000, with a jarge number of branches all over Great Bfltain, which 4g more than twice as much money as is on deposit in the. Na- tional Olty Bank of New York—the largest institution in this country. t 1s through their numerous branoh- es that the English institutions gather in thelr great deposits. Lloyds has 380 branches, while the National Provincial Bank iis 281 branches. Both Institu- ions have deposita equal in slze to hose of the Bank of England and are y growling, ‘ he English banks do not have nt supervision they are far iy intrenohed in the hearts of the masses than our own banks, This popular faith and trust in the Engl nk js something as marvelous as it is ‘The English system of bank- is as nearly perfect as can be. The ks make frequent reports to the pu and the commonest workman 1s posted upon the condition of ver bank he may be patronizing.” your observations in any sense elal character?” was asked, Not in tho slightest,” was the repiy. “IT shall not report upon the subject to the Seoretary of the Treasury offically My trip was one of pleasure. While I looked into the banking institutions of the Continent I failed to find anything which Interested me greater than the English banks.” Upon the same ship with Mr. Ridge- ley was R. Wigram, chairman of the National Provincial’ Bank, who will study the American banking system. ST. PAUL LEADS - STOCK DECLINE. | With Steel It Weakens a Falling Market Toward the Close and the List Shows Distinct Losses. A steady stream .of Nquidation con- tinued to pour upon the stock market | toward the closy to-day. A violent de- cline in St, Paul anq the free selling of; United States Steel stocks on rumors of the closing down of the Chicago plants overcame the resistance at the few firm} points, notably Pennsylvania, That stock ylelded 2 St, Paul's extreme de- cline was 31-2 The list generally was 1 to 2 points lower on the day. Covering by shorts on the bank state- ment caused a momentary check to the decline, but later prices were lower. Minneapolls and St, Louls dropped 61-8. in the late dealings losses reached 2 points or over in Union Pacific, Atcht- son, MU ri Pacitic, Reading, Southern Pacific, Amalgamated Copper and other less prominent stocks. ‘Nhe closing was very active and weak at about the tow- est Stocks developed weakness during the lsnorning session on the lack of support from London traders, while the contest being Waged between the Pennsylvania Railroad and the Western Union ‘Tel graph Company also tended to unsott the firmer tone of the past two days. The announcement that two of the banking firms which are planning to export gold to South America Monday had ine sed the amounts engaged at the oilice by $750,000 was aTbvher depressing Influence. ‘The professional element guided the course of the market, and fearing to carry any large holdings of the active issues over Sunday liquidated their In- ierests in large lots, causing prices to ken still further, Atchison | ost 178 per cent, on the recurring rumor of a new issue of bonds in the near future, while Balti more & Ohio Sekt down | 3-5 on the @ 14440440044 Car load o uarts, dow fet us be: sh. BOS" SE¢ O649G-09O6006500650600000006900000OF90O00OE © ete eet Orden’ another Whatever yeu hy DAVID P. CANAVAN, A POPULAR WEST SIDE FIGURE. DODLDOSDODOCODOEO OOD « ort NPDPITSF-I-IF-F OSS HGOS aN Oe HOCH The Social Organization Which Bears His Name Will Give a House Warming This Evening. The will have a house warming at its new clutb-house, No. 508 West Fifty-seventn street, to-night, and the neighbors dre not expecting much sleep. ‘The Canavan Association is organized as a social club, with a charter mém- bership of 20, and while It will prob- ably fulfil its mission to more than gen- erous measure socially, {t will play an, important part in the politics of the west side as well. David P. Canavan, the President, is a ontractor in the firm of the tive Can David P. Canavan Association) avan Bros., and has a budding reputa- He is Chier of ps of the Mullding tion as a bon vi |the Emergency | Department and an all-round hustler. nt. jto get him to run as a Democrat trict, but business has prevented. sides being President of the Canavan Association he is a member of the ‘Lil- den, Colonial, Manhattan, new club-house cost $6,00) to fit and fur- ide clubs. af the west ‘There have heen several attempts made leader of the Nineteenth Assembly Dis- Be- New York Athletic and’ Democratic clubs. Tne nish and 1s one of the most comfortable SAILOR MADE SPURIOUS COIN. His Arrest Was Brought About by Inquisitive Neighbors, Whe Wondered at His Seemingly Inexhaustible Supply of Money PEEPED THROUGH WINDOW. He Was Seen Pouring Metal into & Mould and Then Police Author ties Were Notified and Arrest-4 Him. Charles Gardner a@ saflor, was ar raignel before Commissioner Shi¢ids tn the Federal Building to-day by Secret- Service Agent Flynn on a charge st making counterfeit money. He admittel the charge and was held in $2,500 for the Grand Jury. Gardner's arrest ¥ osity of his neighbors, he was discharged from a furnished room at N due to the curt- A few weeks ago ip, and rented. Thini ave- nue, Each night he would go out with one or two companions hi d met in the neighborhood and make a tour of the Bowery resorts, us' doing most of the “spending.” His neighbors won- dered, as thelr experience with #ea-fare ing men was that they usually spont all thelr savings after a few days on shore and Immediately reshipped again. He explained his abundance of money by saying that he had been saving for several years in order to get enough money to spend several months ashore, Occupants of adjoining rooms, how- ever, noticed that Gardner, althow, spending the greater portion of t nights having a good time, was never- th up and around in his room all day, and could hear him from they time to time fixing the fira in the cook- he observed that from an Itai stove. They also bought more coal store near by than practically all the Test of the house put together. ‘This started gossip, and finally some of the more veniuresome women peeped through the windows. They saw Gard~ ner potiring something that looked like metal in a mould. Detectives Livingston. and Barnett were informed, and last evening surprised the eallor In tho act of preparing a combination of antimony, Un and stiver to pour in moulds they+ found in the room. Chlef Flynn says the quarters and half doilars made by Gardner were un- Uy good, and that rarely had he’ r seen better or more deceptive coun- terfelt coins. fm. When arraigned Gardner protested he, had had nothing to eat since his arrest.) ‘The police, he said, took all his mon and he asked if the Commissioner not see that he had something to eat, He was committed to Ludlow Street Jally LATEST NEWS OF THE BUSINESS WORLD. GOOD FICURES i BANK STATEMENT Increases in Reserves, Cut Made in Loans, While Decrease in Cash Was Not as Marked as Expected. There was an improvement in the bank statement of this week issued today, most of the gecounts being bet- ter than the expectations in Wall street. There was an increase in the reserves ‘nd @ decrease in loans. While there was a cut In cash it was not as heavy as looked for. The Clearing-House figures were: Reserves on all depoaita, incroase....... $530,100 Reserves on all deposits other than the United States, increase...... : Loans, decrease Depoaita, decrease CirecIation, deere: Specte, decrense : Legal tender, Increase 4 Carh, decrease + 1,828,000 The surplus was $9,222,725, as compared with $8,992,625 last week and $14,301,450 last yea NORTHERN SECURITIES AT NEW LOW RECORD. Stock Sells Down to 92 3-4 on the Curb in Sympathy with De- cline in Big Market. Northern Securities dropped to a new Hlow record in the curb rading to-day, the stock selling at 92 3-4. ‘The decline was in sympathy with the sagging an- nounced in the stock market. American Can dropped 1-2 to 61-2 on the curb, while Rock Island 6s gained If to $8 1-2, The bid and asked prices of the prin- pal outside securities to-day were: Bid. Avked, ticipation of another attack by the In terstate Commerce Commission. Erie issues weakened J 1-2 to 17-8 on unfavorable estimates of the earnings during the past two weeks. New York Central lost 11-2 on th unfavorable view taken by the special- iste of the new capitalization pian, ‘ock Island dropped 1 1-4 and Reading § on lack of support from the spe- clallats, Texas Pacific weakened and Unton Pacific lost by tired longs, a fraction 11-4 on selling Amalgamated Copper gain until the end oz The Mexican railway nger owing to the held ite Initial the first hour, securities were increase in the price of bar silver in London and the continued heavy buying by the pool led by Stow & Company. It fell off, the day's loss being but Anaconda maintained its early vance of 2 per cent. on the firmer tone foe copper shares abroad and good buying by the Lewisohns. People's Gas gained 1-4, but Consoll- dated Gas remained unchanged. ‘The Steel issues showed losses of 1 3-8) ‘on the preferred and 15-8 on the com- mon on the reiterated of a de cline in the price of steel jets. when Notrhern Securiti 92% 92K ‘Aunarican Can by 8 American Can ate 45 Rock Island 6a.. Pe AY Standard OW es... 635° G13 Britteh Columbia Copper. he.) Central Foundry . Hy 5m Electric Vehicle 10% Havana Tobacco 20 49 Lackawanna Steoi 984 i Manhattan ‘Tranait 0... 355 m4 Montreal & Boston Copper. ut AWhite Kflob Copper. 16% = 16% DULL IN WALL STREET. Stock Brokers Cannot Find Work for Their OMee Forces, ‘Wail street is daving ite dull season now and apparently expects a con- tinuatton of the apathy. The public the “un. sign of this than the wholesale cutting down of office forces that is going on in the financial’ district. (eto 4 of the Jarger and well-known firms have for the past few days been laying off clerks, eopers and stock board boys. Some are giving long vaca- tions on half pay to men whom do not want to lose permanently. Snuff Case to Go to Tri CHATTANOOGA, Tenn, May %.—In the case of the Standard Snuff Company, concern, Sinioh i ook of to recevge fl 6 ‘dam: ‘seek ages from the oe uss it the Sr aus COTTON BULLS MANE HEADWAY Trading Light and General Mar- ket Conditions Against Them, but They Force Prices Up Af- ter Early Loss. Cotton bulls, after being held in check to-day by the bears, who were favored by unfavorable market conditions, broke away and sent up prices which had shown losses of from 8 to 6 points. ‘Phe subsiding tendency of speculation was reflected in Liverpool this morning, where price changes were narrow, that market closing unchanged at 2 points lower. This was, if anything, under expectations, and with the weather again favorable, port receipts still run- ning heavy and accounts from the dry- goods trade no better, the prices here ran off. Alfter a brief interval of irregulartty the dull leaders bought moderately and rallied prices to about Inst night's finals and then pushed them up further, Bull Leader Brown was in the pit and still hopeful of again kiting prices. He had frequently talked with Bully and did not apepar to mind the lull in trading. ‘The day's transactions were only 150,000 bales, the attendance being very small and ‘the dealings in stri Ing’ contrast to the daily whirl of the past few weeks, ‘The bulls, however, won out on the day, all the options, ex May, which was not a speculative feature, closing with gains of from 6 to 12 points. f was down 20, The final quotations were: May, 11.50; June, 11.09; July, 11.10; August, 10.79; Seprember, 3; Oc! ir, 9.43; Novem- pass 9.28; December, 9.25 and January, WALL STREET CHAT. Vice-President Oliver Dickensen, of the Kansas City, Mexico and Orient Rati- way, {8 on his way to Europe to confer with Bngitsh and Dutch stockholders about the welfare of the road. James Campbell has been elected a director of the Trust Company of America, ‘The Metropolitan Trust Company an- nounces that {t will withdraw from the Glearing-House Aenociation next Tues- ay. Andrew Hickenlooper has resigned his position as President of the Cincinnat! Gas and Blectric Company on account of poor health. RECEIVER FOR COMPANY. Directors in K. Egan & Co. Want Up. John F, Doherty has been appointed receiver for property in this city for K. Egan & Co., a corporation, dealers in cotton waste, at No, 19 Burling slip, by Justice O'Gorman, of the Supreme Court, on application of Charles H. Egan, William J. O'Brien, jr, and olution 5 “ew litem ) ‘Brien was WESTERN UNI KEEPING UP WAB Col. Clowry Declares It Has:Not: Been Injured by the Pennsyl-: vania Railroad in Cutting! Down Its Wires. Col. Robert C. Clowry, President andj genéral manager of the Western Union ‘Telegraph Company, told a reporter of ‘The Hyentng World to-day that the re- ports concerning the damage done by, the Pennsylvania to its lines were very; much exaggerated. “We are not crippled to any extent,’*) gaid he, “and are accepting business and{ fulfilling whatever contracts we unde: take in the district through which th Unes at issue lle. We were prepared for just what has happened and that 1a) the reason. I have not heard of pool-| rooms nor any one else falling to get m service from us which they were en- titled to." “Do you mean to say, Colonel, that) the Western Union antlotpated the de-, cision of the Court, which has permitt ‘the Pennsyivania-to demolish your pol and wires?’ | ‘No; not at all, What I do mean this: The company knew that its con: ract with the Pennsylvania was ne: expiration and six months ago prepara tion was begun and the work {s stil going on to accommodate our businol under the new condition of things, ‘That is all.” j No Combination with Bell, { “Is it true that @ combination existe: between the Bell Telephone Company; and the Western Union, and that most of your business in the territory aff ed by the rallroad’s action ia being done over that corporation's Ines?” “There is no combination between, the{ Bell people and the Western Union. We are simply on friendly terms, thy being a certain community of interests: on account of contracts which we in~ terohange.” “Nave you heard that the vania is going to tackle you on the New' an sytney est, Se Jersey. City and its connections.” SPinaven'? heard that, but you my that the Western Union is aoloop. We are prepared to handle enla Swe alteved: toa "under ah of 1866 we had the right to main ial ty ten ah Sete Goa ec a "ay hot. Now It is for the Gourt o¢ Tae Fe rt to settle the tion, by STiawyer, and. therefore. ‘will not, at Ce go into the legal phase of ¢! matter. Western Union, said to-da: were no new developments on the legal’ side of the fight. ‘The caso is in course of pri j for submission on appeal to the Uni tates Bupreme Court, It is not Henry D. Bstabrook, solicitor of th ¥ that 2s i "that te can Tonanited to, thet tribunal ter end of Ootober.