The evening world. Newspaper, October 2, 1903, Page 4

HE STOCK MARKET Short Interest and Public Buying Keep Brokers Busy and «Market Closes Strong _ { with Prices at Best. MAGNATES. FORCED TO SELL. > Extended Capitalists Had to Lat Heavy Holdings Go, and Wall _# Street Feit the Benefit—Metropol- {agitan, and Steel Features. yi rs Stocks closed tsrong and at the top i sion In thé market to- rp an was the late trading ure, with Steel preferred, Sugwr and Erles also pro: At the close of the Exchange to face wore a smile, for strong. The better feeling was due the three causes—the knowledge that was a big short interest in the oP hat certain oversextendad cup- ir isposed of their rtocks and re in better shape and that the public dng during the last two days was y large. It 1s estimated that since day 300,00 shares of stocks have bought for In well known throughout the . have been forced into heavy . ‘These. three men have be Allied in a number of promotions, 7. {Wo New Yorkers of the clique were or rather there stocks were taken Standard Oil interests. The first ap- filed to J. P. Morgan for aid, which was ‘used, the two men having long been emis. Finally he is said to have} ed of: Bare Tacha 38 Metropolitan, On on) 00 000 Vennsyly al. " id, who lives in Philadeiphia | who Is almost equally as widely jown, jet go at private sale the greater t of 1,000 shares of Standard Oil, Metropolitan and 2,000 shares of mnsylvania, reducing his commit: nite! by $3,662,000, Phe? Wecond New Yorker sold of Harlem at 393 to an insurance 5,000 shares of U market at an aver 2,500 shares of Delaware & at 14, 11 points below the mark Ist What the losses on any of there Hot Were no one can tell, one! Ls the sellers know just what thi ” 5 000 them. But with there blo Kk out of the way tock prices reflected thix oetter : jing. | be 1 Romecting of bankers who pad cacheled | discuss the situation a few days ago was found that the short interest cy borrowed . It was alvo found iat Teports that several large interests been forced to sell their stocks were “te, M fi te ‘that these interests had not’) 7 @ share, out that soort sellers had | é the brokers wo generally repre- | ed these men and thus given this reaston this knowledge in their posaes-| , Ahe professional element on the the Btock Exchange bid up (took to-day on the shorts, who began fe cover. In the first hour they med Seat vs after which they los Fage and gave up up the tightest Paul went to 14, Erie 2 1-8, #8, Pennayivanta to 119 6-8, Co n leapital of che surety company wee paid INdavit bad Rodo With «,fureign eorporas | ‘don no injury had been done the dignity Ylof the people of th | pellete Division, however, held the Re Jon Pacific! ™ brokers felt better HMhen it transpired that at a mesting ot| | SEEKS TO CLEAR Franklin Bien Appeals to Court for Perjury Against Officials Franklin Bien. counsel for Robert ts President! the I WH ENS reget for Dismissal of Indictment |" of Delaware Surety Company. | ¢ vateite market to-day, with Inter tional Marine. and prete he common was bid nt @ alm a conspicuoun The bla and asked price of the prin- cipal outside securities were Bie. ES Aaked. 315 Atty Company, under indie: for perjury, made a motion Lefore Judge | Newhurger in General Sessions to-day fcr & dismissal of the Indictment qmutnat is} cllents, { ‘The Indictment, witch was fed in) Fobrugry, 1892, accuses the two men of, falsely swearing (o au aMdavit that the | tn. Recorder Goff once dismisecd the ine dctment on the ground: Cra) ihe af The Ape) corder was wrong. In court to-Gay Mr. Blen contended | the remule of pique and spite, growing out of the Gght by the younger Heintre ‘againet Senator Clark, ‘of Montana. for the ownership of certain copoor min “There never was suMoiett evidence,” the Grand Jury to warrent the Indict- ment." “Mr, Blen makes himself lin making such an assertion,” Ay Disirict-Attorney Gray retorted no authority for sucn a s! court what occurred be-| fore (he Grand Jury and I must sey cor- rectly, although he was denied the priv- ewe of looking at the minutes of the Grand Jur Judge Newburger told Mr. mubmit a brie. “T will tell you now, however,” the Judge remarked, addressing Laws Blen, “that 1 0 a motion statement of which yor thoritative knowl ‘The indlotment against Messrs. Martin & Veluhusen was obtained by counsel for Senator Clark. The Delaware Surety Company went on the bonds of Helntse in all tigation in Montana, and invewtl- wo tt Neged, t Bien te have no au- gation # is alt hat the capital of the surety company was not pald In as aseerted. cmeweeanind THE COTTON MARKET. Cotton opened lower to-day with trad- Ing very active. Toor cables, good cables ittone the selling waa lower than due. October wan the chief loser of he list, it being off 16 pointe, In . ition, 19 the considerable Hauidation the boar interests acted aggreasively under ration Bpevtive lipera to-day. After the Initial trad: market wan down 13 to 16 points, i wal New Orleans waa off a ry. jary, 940 bid: March. + Rot to 8.68: June, 8 bid, The alosing priees wer November, 9.8 t 9. —— THE WHEAT MARKET. Wheat opened higher to-day, it selling up 3-4 of a cent here at the ‘The markets in the Northwest were very firm. English cables made encouraging response to our rise of yesterday. Cora was dull and no more than steady tn this market, although firm in the west. New York's opening prices were: t—May, 841-8; December, 8. Corn—- ember, 621-8. Chicago opening prices were: Wheat— May, 79 to 188-4 to 7-8; December, 781-3 48 38, h ‘acifio 721-8, Metro-|to 3-8, Corn—! 451-4 to 41-8; De- an 1S 8, Loulsvitle There were | comber, 481-2 to 3-8. sessions in particular stocks. | © Yo-k' qi Keeie'n ie 2 ww. ew LG 8 clorinj hates int vers during the day. it ts sald that ir, Keene Is decidedly bullish, Tatbot Taytor was a heavy buyer of Bteal ks during the day Prospect for a fairly good bank mat helped to a batter feeling. hervhelping feature was the heav mying of bonds py country bankers, Lthe total. rales of stocks were hares and! of bonds. $5,589 009, The Closing Quotations, To-day's higher’, lowest and closing n changes et 1. Copper jm. my cloaine corded sale are fol- : t Wer Gorch’nge 4 a i 3 see REET SS Se PERE. 2 ARERR ERS Fe oe oo > PENNSYLVANIA'S GAIN. iusyivania Railroa! earnings for » Which have just been issued, ¥ an increase in net of $285,1000. This ing, for +! months show a dec mere month ike August ayy, Corn—May, 60 7-8 bid; November, 63 3.8 id; December, 52 3-8 bid. Chicago's clonal: pri Ootober, 7 84 . 1 1-2. ' Cort f, 4 3-6 bid; comber, 45 $4 bid; May, 48 1-4 to 4 8-4, Chrtich OPTICIANS—41 Years’ Practice. No other responsible tirm makes such an offer—no other firm provides an equal service. Remember FIRST—That we are Oculists’ Opticians with 44 years’ suc- cessful practice. ’ Remember SECOND—The ex- amination Is made not by an optictan, but by an OCULIST—i. ¢., a graduate physician with special training, long ex- perience and superior skill as an eye spe- cialist, Remember THIRD—It is not sim- ply an eye test with charts, &&., but a thorough scientific examination precisely the same in every respect as if the usual fee of $5 to $10 were exacted. Remember FOURTH—If glasses are not needed the oculist very frankly tells you so. ‘If they are needed he pré- scribes to exactly meet your require- ments. Remember FIFTH—Our four op- tical stores and the largest optical busi- ness in New York PROVE careful, coms petent treatment. They. also insure every that the indictment had been filed as) {) Mr. Bien told Judge Newburger, “before | 34 r? Nor! aK Man! 2 wn ay New Orleans Ww New Orlem 33 LONDON STOCKS STRONG. Ame LONDON, Oct. 2—There war a fittle|been accompanied by regret. Both those Selling of Americans by the continent; WhO went and those who stayed were with prices slighiiy easier, The{ devoted (o the Unionist party. the gov- | market backed piblic support; ernment and the empire hi the. recent: rire Was mainiy due to] ‘They had lot the greatest colonial Sear covering. “GN” edged securities, |ininister the country had « however, ruled strong i PUrSHARER| Hin services could not be exngei for investment by. the Po figs panks. ‘The Tranaveal loan wan a discount of 1-4 and South Africans Gul), It wee anid on good autho that the Bouk of Austrafia bas written down the consols it owns to 85, as the ok value. The prices of Americans were: Ana- conda, 3 6, Canadian, BH-1) Atol &t ———_—_-— PAYS GOOD DIVIDEND Union National Bank of Pitt moved into the first rank of dena parers. Thin bank has just 4 cent. regu! ‘MILNER REFUSES jd the fea- tures of the list on the good outlook for th ecompany. servative ansociations this afternoon, jAnnounced that Lord Milner did not feet eit able to accept the colonial #ec- | Mr. Balfour maintained that recent events not mubstantially divided the s}party. ‘They had divided the govern- | dorstnie “| triotic eft A CHBNET SEAT Agrees with the Government | | Policy, but Does Not Feel | Able to Accept the Colonial, Seeretarvship. SHMPFIBTA, England, Oct, 2.--Pre- mier Balfour, in an address to the del Bates attending the conference of Con- Y ship ment and the parting of old filends had He had to leave Mr. Cham! express his own views, wh h dtd not differ a hairs breadth from fis (Mr Balfour's). Although Tord Milver hid decilned the colonial s Balfour # 1d- ed, lie W the governni mostie polic ‘The off terday by on its int jor adopted tod. thanking hamberlain for was withdrawn. Drop: nie tt Chaptain, M. P., tts author, said he wonvineed, r. Raifour's speech last. night. it Waa directly hostile the premi rom his views, MARINE TRUST PAYS. Nothing was further How a Lit tle Gold Ch Rep resents a Great Idea — TT py chain, for instance—tas -_ The simplest article you buy in the LAMBERT store—a child's a character of its own—you recognize freshness and originality in the design. The most critcal taste finds no trace of dull conventionality about it. If you are at all acquainted with LAMBERT methods, you see in the dainty chain a symbol of the way in which a great business has grown from'the most modest beginnings. [You do not find such chains elsewhere; neither do you find elsewhere the bold LAMBERT policy which cares nthing for tradition nor cast-iron custom, but has gone’ ahead in its own way since it started in a corner of a stationer’ shop almost twenty-eight years ago. Aside from the artistic quality of its stecks, the LAMBERT spre is distinguished above all other establishments of its sort by the utter. elimination of the middleman. Hence lowerprices for goods of high quality than can be found anywhere else.---——Just one sparkling illustration: A diamod will ! show how the LAMBERT method differs from other methods to the great benefit of the buyer. In the jummer just ended a member of the firm was in Amsterdam choosing diamonds, with eyes trained to the work by yats of experience, Under the old system the retailer bought his diamonds of the wholesaler, who in turn bought ther! of the importer. Thus profits were piled up until a diamond was a needlessly expensive luxury, The LAMBERT plan, of importing diamonds and selling them direct to the consumer, gets rid of all middlemen, and so lowers th price of diamonds in the only way in which it can be brought down.——*——Another illustration: Under the same oof with the LAMBERT store isth: LAMBERT factory, big and well lighted, and fitted with every mechanicallevice for working gems and precious metals into a thousand forms of beauty. But tools are vain unless taste and skill dject them. Our designers are chosen for their creative power, and thus ideas are transformed into.gold by the cleverest artians to be found. You will perhaps remember that we had to enlarge our establishment last year. — =Here again intermdiate profit is wiped out and the customer is the better off. Articles we do not make we buy of the best manufacturers in sucharge quan- tities that we can lay them before the public at the lowest prices possible for high-class goods, and we deal in nohing else. ~ The most exacting purchaser who enters our store is not as particular about his purchases as we are about ovs. All gold we buy is tested at the United States Assay Office, Every watch we sell, from a simple chatelaine to the frest timepiece human skill can make, is carefully examined and regulated before we let it go out. WE ARE OFFICIAL WATCH IN- SPECTORS FOR THE NEW YORK CENTRAL AND LONG ISLAND RAILROADS, The LAMBERT guarantee of pure material and perfect workmanship goes with everything we sell. It stands to reason that a business founded and maintained on such principles as these caonot failto win approba- The result of our own efforts is shown in the steady enlargement of our trade and in that full measure of public tion. glared aih? o i guarte : Send. Tee te the’rate of 4 oer confidence more precious to us than gold or gems. of” 6500, early av! is large enough to equal the ea: in thirty e e of 41-2 per cent. bonds o terna- fe AGAINST OPECIAL RATES, (ional Mercantile Marine Compan p ; » ‘vne Central Gregating $1.128,000, which was due ves- : 1a" tine inrthe mecond puvinent made We shall not now attempt to give more than a general notion of the completeness of he since the organization of th ecompany stock we carry, but we may mention that the popularity of the LAMBERT wedding rigs foade a ‘sours jealous: Sy the underwriting. syndicate the ps: grows with time, like the tranquil happiness of an ideal marriage, These rings are seamless of * uniform tartfe 9 Hebiishved fer vere ments were made directly to the head pure gold and full weight. We make them 14, 18 and 22 karat, and to-day they encircle the ca asae es tiers, Ee tungeg Bae ceage | I iit ine the Marine company ial istac gecogse fingets of happy wives who bought them years ago when the LAMBERT idea was strugding ienwastiosa |! wed and unde: | doing a better business iow thanat any Ae ; Buninewe be the dierent. voade done | time aince ita formation nnd. that the|f 22 karat, #610920. for recognition. i 29 Karat, $6 to $20, é away with. directors and syndicate members feel s id OS EE Ts more hopeful of the future. MERGER ABANDONED. y apenas ore It Je officially announced that the pro-| _U: P.'8 BIG IMPROVEMENTS. posed merging of the Trust Company of| The Union Pacific Ratlroad has an- ‘America and the North American Trust| Nounced improvements at South Oma‘ Open a Open Gompany ‘h been abandoned. which will com: $500,000 These improve- . $a ments are to be made among the pack- WEEK'S IMPORTS $2,505,869. | Ing hounes where the stockyarde tracks Evenings Evegings Total Imporis of dry goods at the port! “ompleted the rond will remove Its: ator. ; a a complet ron move its, ator- were valued |r racks from Council Bluffs to South Until 7. : Until 7. p malin FOR AMERICAN. ATCHISON PAYS INTEREST. Saturdays WUFACTURM Saturdays BERLIN, Oct. 2.—Clarence B. Schultz,| Annual interest of 4 per cent. on the > of Cinctnnhti, O. has received the de-| Atohison adjustment bonds has been de- Until 10, * Until 10. Aree ef, Botton Bnetyeer trom the | clured by the directors of the road, ‘The T h ird Aven ue, Corner 5 8th Stree ; ‘ochnioal University. He ie the first | interest is payable 2 per cent. mi-ane been conferred. < Books will close Gow 1b, 'N® Company: 7 ry ys PP SD { ° LAST RECITAL BY MISS LEAH BARBE, ASSISTED BY PROMINENT TALENT, ¢ SOM 6TH : TO-MORROW AT 2 barkoes RECITAL HALL—SIXTH PLOOR. ASS DO ee Ee a Re TAS CITY (a I LIT a a] A Beal Cs ee ™ wise economy in the making of eye- tases PRICES 81-00 Ub. = © Persons who hava even the least digie cully with their eye or who desire ul ‘mow their exact condition are to call for early examination. Nine. tenths of the danger ia in delay, the net earnings to show a j inereane “for tine months, NGS INCREASE, . week An September i2 HR increase in pay the} Ghilich OPTICIANS—41 Years’ Practice. a5ee roy ase Broad Ex, Bide, 8 SIXTH AVENUE—Near sth St. STORES\OPRN SATURDAY EVENINGS. Br es his hee $15.00; regular sizes only, leather sweatband; stedg and Cheviots; most comprekensiv GROUP NO. 1. quality trimmings. for less than $18 and $20. Men’s $12.00 Top Coats $9.00. MEN'S TOP COATS, of Covert Cloth, with mohair serge lining and silk sleeves; also black Thibet; made in proper fashion; only 450; were regularly $12.00 and weather precluded large sales, though they made up unusual stocks in anticipation of a big season. Usually they get large re-orders by the end of September ; this year none have come, Some of the best concerns have been pressed for funds. Simpson Crawford Company has alone taken more than 3,000 Fall Suits and Overcoats To Be Sold for the Lowest Prices Ever Known. If you wera to step into our regular stock we could not introduce you to better clothing—eithér in quality of fabrics, style, cut, fit or general finish. It is as perfectly’ tailored as human ‘hands can make it—fit for a king to wear. It is to be sold to you with this privilege:— We'll fit you in the store and send the Clothing home—Suit or Overcoat, or both, At your leisure try it on; examine it minutely. | \ é Inspect It for you. If it is not exactly as represented by us—~if it has not all the character and ear-marks of lltra-fashionable and exclusive-tailor work—return it to us and get your money. without a whimper. ] T: STORY OF TO-MORROW'S GREAT SALE IN A NUTSHELL IS THIS:—September has been a disappointment to Clothing manufacturers. Suits Worth $18 & $20--at Men's finest hand-made Suits—best Cheviots of the famous Schoti- coke manufacture and of Rock Thibet; soft finish weave. standard worth and merit; made in the best possible manner, with high- Garments that cannot be bought in any other store Men's $5.00 & $6.50 Trousers $3.50. MEN'S TROUSERS, made to sell at $5.00 and $6.50, representing finest Wor- ssortment of good styles and best fabrics. Men’s $3.00 Derbies $1.50. MEN'S BEST PUR FELT DERBIES AND ALPINES; finest silk trimmings and would be reasonably priced at $3,00; all blocks here; very Warm Great quantities of Clothing have been unloaded at a sacrifice—the Or, let your high-priced tailor; Wes. i GROUP NO. 2. ’ Suits Worth Q° ener ntnarner inners Men's Suits, of finest fancy Cheviots and Cassimeres, in double and $15 to $18--at single breasted styles; also black Thibets.. Every garment properly tal- eo toes lored and made up to the Simpson Crawford standard, Complete line of sees in every style. Not a suit worth Jess than $15, and many would be good value at $18. BOYS’ CLOTHING: What we do so well for men, we do equally well’for boys. Knowing how to clothe the oné helps us with the other. * t % ‘ Values to-morrow are unquestionably away beyond the usual. “Indeed, we count it one of the economy occasions of the early season. Boys’ two-piece Shits, ages 9 to 16, of all. jots and Cassimeres, in Norfolk or plain double-breasted ir style, with plain or Moomer trousers. Just 1,000 Youths’ Sui men up to 20 y In the group; made to sell for $5.00 and fancy Cheviot: Mt for $10.00 46.50; your choice at. <s ind ($12.00, at. Boys’ two-piece Suits, of all-wool a about 600! Just to clean out our small’ sizes in Children's Sailor ay Fabrics of ‘ool Chev-; Boys’ School Gaps, made to sell for. 50c. Boys’ Shirt Waists, regularly $0c., at.... | f in best sults in the group; regular 83,50 and $4,50 Sults from our $3,75 and $2.95 lines; splendid blue suits; will be placed on sale to-morrow at * Serges, elegantly silk trimmed; sizes only Boys’ all-wool Knee Pants, regular Soc. sort...... 98013, 4 and 5; at P oS ee OA A