The evening world. Newspaper, November 11, 1903, Page 4

> Price of Railroad Stock to © Bottom Reoord Is Due to | "Rookefeller Pressure. WSSUE IS HEAVILY SOLD. eet Holds Fairly Well While the »Market Falis Away, the Tractions “and Copper Suffering in the Decline. ¥ DIGGING FOR FACTS | Dresser Himself Again Goes on the Witness Stand in the Hearing Before the Referee, Stanley W. Dexter. Daniel Le Roy Dresser was again a witness fo-day in the hearing of the creditors of the firm of Dresser & Co., in the office of Stanley W. Dexter, the referee, at No. 71 Broadway. J. Aspin- wall Hodge, attorney for E, B, Whitney, the trustee, conducted the examination. Mr. Dresser could not remember the details of certain transactions concern- ing the United States Shipbuilding Com- pany stock, ‘For more than a week Steel ruled the stock market and the continued pres- “I find only 200 shares of United States Shipbuliding preferred on your sched- INORESSER FAILURE THE WORLD: WEDNESDAY EVENING, NOVEMBE SHERLOCK HOLMES- | PAY OF 30,000 COTTON HANDS CUT 10 Per Cent. Reduction in Salary, to Take Effect on Nov. 23. FALL RIVBR, Mass., Nov. No- tices were posted in the cotton mills of this cliy this afternoon announcing a general reduction of 10 per cent. in wages, to take effect Nov. 23. About 90,000 hands are affected. The cut Js attributed to the unsettled state of the cotton goods trade, reault- ing from the phenomenally high price of raw materig!, and to a pronounced heal- tation to buy on the part of the usual purchasers. The action taken in Fall River ts of widespread importance, as a step of this nature in this city usually is Fall River Mills Give Notice of ules, at became of the other 5,900 @ure forced the whole market down. | shares \sked Mr, Hodge. followed by mill owners in Gouthera and what seemed to be about the} “rhey were all sold,” replied the wit: |Central Massachusetts, Rhode Island “attack upon tne Btee! issues was jo and just as every one was begin- that the worst was over Muidation in Pennsylvania was 1h selling was continued to-day this a¢ternbon the whole market sold down to the lowest price since 1608. @ttack on Pennsylvania has been , ns {t'had been foreshadowed jeral days by rumors adverse to One was that the Bteel : old transfer its tonnage ‘Wabash as soon as the Wabash € to receive it. The fact that would not be in @ condition to for eighteen’ months made no A were that the manage- ot t were financially in- Moin a number of other enter- 48 might be forced to sell fect these other interests, that th road had in- P ite capital so largely during few years as to endanger its “rate of incom. Of the operations in Pennsy!- Was very little independent t look- sold leh caused quick rallies, but not be maintained in the face Steady pressure on Pennsylyania. dl vbelief is that the Rocke- e been hammering the stock best known to themselves, plief that they have gained con- the steel corporation ts growing, a as pressure on the steel ended and it 1s now thought ter representation or con- he Pennsylvania Company Q. For whose benefit benefit of the firm and of myself. Q. Would that sale sho: . I think not. Q. How would the transaction ap- pear? A. As money turned over to the irm by me. Mr. Dresser also said t! of common stock of the Shipbullding and Eastern Connecticut, where a total ‘ot about 60,00 men are joyed. ‘The reduction was not wholly unex- pected by the leaders of the textile unions and by the operatives In general The unions have recognized for months that the cotton situation was threaten- 7? A. Wor the Ww on the books? Any Buring tho summer and early fall the curtailment of production, which was Company, about which he was qui tloned, had been sold, but he could not remember the transaotion. to look up the matter and report at a later hearing. Sent Steck to Providence. Q. Did you send 700 shares of proferrea stock to Providence? A. Yes, Q. Do you still claim that stock? A. Well, that is @ matter for the courts. Mr, Dresser testified that at-the time of the transfer of the stock of the Ni raganseu Web Company to the Am can Tubing and Weobing Company he was not the principal stockholder in elther company, but that he acquired the majority of the stock after the transfer. Attorney Hodg: said that according to hie reading o books of the firm drafts by the Narragansett Web Com- pany, amounting to $14,000, were cepted by Dresser & Co. in 1902 and outsanding at one time. He wan' know why these drafts were accepted, but Mr. Dresser could not say, He was much surprised at the amount and isheé to examine the books himealf, he believed tie amount io be much Mig Attori Mr. Dresser said that up to March 3 198, ‘the firm of Dresser Company had no one In charge of its legal affairs ex- cept for the collection of accounts. j_Fecalled that the Rockefellers. | Cet for the collection of accounts. srecent increase in stock was! rig J. Hirsch paid $711.02 on March 1, i to take over the whole] 19022" asked AMF. jet ECM ' ir. Maas, representing Mr. Hirsch, pt the Issue from Kuhn, Loeb Dreater'a ‘counsel, objected to the GG., but that this offer was refused, Agta time they made an offer for ‘Stock at 125 and now thev have forced it to thirteen points below that day, with Stee! co "Was unchanged at 10 1-8 and the e at 530 7-8. Brooklyn Rapid the chief loser a: lower to: | security was given for that loan? ing inst 333-4, its closing price the list was off frac- Paul, Baltimore & Ohio each lost over one aT 1-4 ys rest of ed Hl fennsylyania, after selling down to i-4, cloned off 2 3-8 at 1121-2. Reading oft 2 3-4 and New York Central . Fractional losses were imsues. total sales of etocks were 761.900 yt and of bonds $1.458,00). There t 2.390 shares of Pennsylvania sold ring the day. * his . The Closing Quotations, |. To-tay'a Nighent, lowest and cloning prices net from yesterday's closing go. or from last recorded sale, are as Zz ES Ft FS ER PEE PE bt New York's opening prices were: 0 Wheat—May, 818-4 bid; ber, K5 20% 4 | bid. Corn—May, 488-4; December, 4 3-4, t= 7h i ‘opening prices were: Wheat Nem y, “4 10 July, 735-8 to : le ; December, 771-4 to Corn-— At | May," 426-8 to 421-2; December, 423-4 to By a i York's closing prices were: Wheat—-May, 81 bid: ec. 7-8 bid. i] 476-8: July, 4 1-4; Dec., Wheat bid; May, 765-8 to 76 3-4; Roeecceer 92, Ber M+hhityt PPE . Cant. 1 34% Advance,” Decline Nace ——— of common stock, and all were hi jclgar manufacturers, Question, which, he sald, Mr. Hirach aione was competent to anewer. Under the ruling of the referee Mr, Dresser sald: "It ee vik ret tlt jection 1 ba cy proce PA. t'included. that, f 6o Hot know now just all the services tt In- clu Q. in con aco? hat 5,500 shares general throughout New England, was felt’ more bY. the employees Ja) Full River than {n any other centre, und to- day's news was more unwelcome than nial on this wecount, expecially as the “0 at hand. He sgreed |miiteiner the rad move made by the mill treasurers will be resisted by the operatives cannot be stated at this thm “An goon as news of the cut was an- Whether the radic ror ed hurried notifications were sent tothe union officials, some of whom wore in Boston attending the convention Of the American Federation of Labor, and arrangements were perfected to call a conference of the United Textile Workers as eoon as possible to consider tl tlook. MRhe news of (he reduction has dls- the business men of the city, who Tave nuffered as well as. the operatives on account of the depression. traders dread a strike nad hepe that the unions will decid cog! the reduction, ——.—— LABOR FEDERATION MAY TAKE UP COTTON CUT. nxlous! je to nee BOSTON, Nov. 11.—The news of the cut-down tn Fall River cotton mills was made known to President Gompers, of the American Federation of Labor, in this clty to-day. Mr. Gompers said that it was too soon for him to discuss the situntion. All that he cared to say at present was that it was unjust and un- wise at this time to make the reduction. He added that the matter probably would be taken up by the Federation in course of Ks sessions this week. eee COTTON MARKET. GOULD TELLS OF MANHATTAN'S YEAR At Annual Meeting of Company He Explains Divided Report, | Which Takes In.Lease to the Interborough. | | | The annual meeting of the Manhat-| tan Company was held to-day, ‘The an- | W nual report showed that the total in-| tg come of the company for the six months | Iw ended March 81, was $3,7 To this| must be added the divident rentals paid by the Interborough Rapld Transit Company for elx months beginning April 1, when the Manhattan Company Was leased to Sept. 90, the end of the fiscal year, and which amounted to $1,- 650,000. The totat amount available for dividends was therefore $4,624.53, out of which $7,894,000 In dividends were pald. ‘The groas earnings were $6,441,437 and m & w 8h a! Hi the Four’ at the West End Theatre and Judicial knowledge that Mr. Gillette has AC WHOIS HIS OWNER |Famous Detective Mitht Be Asked to Ferret It Out. for. Himself, but Managers Clash and Court Must Decide. Justice Clarke paid a compliment to ‘illlam Gillette in the Supreme Court o-day. stopping A. H, Hummel, who ‘as arguing in behalf of Charles Froh- an for an Injunction restraining Weber Fields from presenting ‘The Bign of Valter Edwards from appearing a: herlock Holmes in that play, to sa: “You need not ¢ell qe that William Mette has made the name ‘Sherlock olmes’ famous; the Court can, take R 11, 1903, BILL TO STOP LAND SCANDAL Senate Measure Designed to Cheek Pablic Timber Fri . WASHINGTON, Nov. Hansbrough totr in the Senate to-day a bill which, by implication, re- peals the timber and stone act, under which cand Is now acquired at $2.60 an ‘aore regardless of its real value, The measure is Antended to cure. de- fecta in existing laws, put a quiets upon speculation tn pubis timber lands an end to-the frauds which re- cently have grown’ into @ national scan- dal, Lt was referred to the Committee on Pullic’ Lands Of which the author is chairman, 0 me DRUNKEN MOTHER FINED. She Holds Her Sick Raby by Its Feet, Head Downward. May Townsend, thirty years old, who sald she was without a home, appeared before Magistrate Mayo in the Jeffer- ton Market Court to-day with her eight months old baby in her arms. She was charged with disorderly conduct vat Sev- ‘enth avenue and Thirty-sixth street last night, with “drinkijg in eaicns with the baby inher Afme.and, finally, while Intoxteated, holding “the ' ba! which was ill, by Its feet, head downward. 11,—Senator ed $10" Two other children |’ B.Altman&@o. MONG a number of ‘articles of exceptional interest which are being displayed in the various showrooms at present, attention is particularly invited to the following: RUSSIAN SABLE GARMENTS. Novelties in’ Sable, Chinchilla, Ermine, Ete,’ PARIS TOILETTES x for Afternoon, Dinner and Evening wear, shown in Dressmaking ing Department, Third Floor, ae REAL LACE MITTS of Brussels Point, Point Applique and Point Venise the ret sarn ng. Aeductlig tne operating expenses, $3,621,473. President George J. Gould tn an ad: dress sald that since the last enrual has meeting the electrical equlpnicnt been completed and the expe the management as to the it the carrying capacity futiv “On April 1 the property was turned the Interborough Company. ed the road since. Preasurer D. W. MeW, jams, LONDON STOCKS IRREGULAR. Shi ani It Americans Improved Daring Day and Closed Firm, LONDON, Nov the 11.—The ‘demand for money In the ket to-day slackened appreciably, Discounts were firm, owing to increased fears of early shipments of gold to the United States, though it is now doubted that the Bank of Eng- land will raise {ts rate of diszount to- morrow. While the United States is acquiring all the available supplies In the open market and enhancing the be: of The cotton market opened steady to- points lower, Considering the cables from Liverpool, which were better than expected, the opening was disappoint- ing, presumably on fears of renowed tronble between Japan and Ruasia. How- ever, prices at once met good support, and in spite of large port receipts rallied Q. On Dec. 6 there ts a loan o from them entered in the books. do_no! Ch: Hes He Rel h rlex E. Relea. of the firm of Dr & Co, was called to the stand to ex. plain some of the firm's transactions, “Mr. Reiss," he asked, “how did you come into possession of 141 Bhipbuildiny bonds, 475 shares of preferred stock and Mb shares of common stock?” SIT war put down as an underwr! of the Shipbuilding, Company whet Was Away ona fishing trip in Maine, Mr, Reiss replied. “You borrowed $126,000 from the Trust Company of the Republic then?" con- tinued Mr. Hodge. “T belleve so, Am an underwriter of 141 bonds at 4 per cent. I recelved 975 shares of preferred stock and 378 shares the Trust Company as security. An adjournment was ta Nov .19. ———$ WHEAT MARKET. Wheat after opening lower to-day rai- Ned and prices advanced a shade over yesterday's final figures. This was at- tributed to steadfer receipts in the northwest and the arrivals at the centre betng @ trifle under those of last year. Yesterday's shorts were the chief buy- ers at toe start. Corn was steady, the crop report having been discounted, to 783-8. 'Corn—Nov., 42: to 1-4; May, 416-8" bid: ieee canta CIGAR MAKING FIRM FAIL8. Ernest J. Mast and Maurice Biller, who sharply, yet the feeling wae nervous and Intensified by the actions of the New Orleans market, which rose sharply. Local shorts turned and bought vigor- ou Following the call there was very The opening prices 1A) offered: Bevem| January, 10.90 ¢o 30.0 0 19.95; April, 10.99 offere’; May, 4 July, 10.99 bid: August, 98" did: 5, ices were: November, 10.80: December, 10.89 to 10.90: 10,91 to 10.92; ‘February, 10,95 7: March, 11.00 to 11.01: Anrii, 11,00 to 11,61; June, 10.0 to 10.08: July.. 11.00 to 1801; August, 10.74 to 10.77. The mar- ket closed steady, _————__—_ BIG CAR STRIKE SURE WN CHICAG CHICAGO, Nov. 11—A committee rep- resenting all employees of the Chicago City Railway Company called upon Mayor Harrison to-day and protested against the statement which is sald to have been made dy Chief of Police O'Neill to the effect that ample police protection would be afforded the Ratl- way Company in the event of a atri The committee velleved Chief O'Neill's statement to mean that In the event of a strike cara would be anned and operated by policemen, Mayor Harrison fasured them that (his was a misappre- hension and that the police would be used only to preserve order and protest Property should lawlessness develop, at the same time teeuing a warning against the permitting of irresponstole Persons congre@ating About the, rallway rns. Chief O'NolN'y interpretation of this statement was that if any violence was attempted he would have a suiticlent composed the firm of EK, J. Mast & Co., at No. Cort: landt street, to-day assigned for the ben- efit of creditors to Ambrose G. Todd, E VEAU CASE GOES OVER. plat In Set for Next Monday by Recorder Gon, jens, to-day fixed Monday as the pdayifor the trial of Edgar EB. De Veau, (PRB) PTivate detective, accused of plot- ob Samuel Lewis, of the firm | Horwitz & Co. skirt manus of No. 117 Mercer street. ‘Veau was arraigned in court cc hberbneall gente in his prequested that an adjourn- je. granted until Nov. 27, for the defense," Mr, Feld. “will involve Tam informed that Will be absoclated with me, that this young man is “conspiracy, He Is either of an evil con- '¥ objeeted to such band sald he would Ding over late; idman o areful Mr, be | |ments and |fect health but Full directions will be found pach box of pills, Ce. Petiie committee told tne May efforts at amicable setts ie diMiculties jad failed aad th is now IneVltadle. Phat all f the to Ma strike Women are Peculiar They have ailments and weaknesses peculiar to their sex causing them distress and anxiety. Thousands are carried to the grave by Decline, Consumption and other diseases of a fatal character order Goff, In Part III, of General) by not correcting the evil in time, Time and trial have proved that no medicine will equal Beecham’s Pills to combat these ail- give happinessand health. Millionsof women ir. every part of the world take no other medicine to keep them in per- Beecham’s Pills Women of middle age will find that Beecham's Pills strengthen and invigorate the nervous system, purify the blood and lay the | foundation of health and strength. in the pamphlet wrapped around day, with prices 2 points higher to a] story was board of directors were|cally ata smail mountain of paper cov- e board then met and re-|ered books heaped on the table Before rs, George ™ Gould,| him and said; Preaident; Alfred Skitt, Secretary, and] “On my way downtown from my Harlem home I stopped at a few book stalls and purchased these twenty or thirty different editions of 4he story of Decision was reserved. Outside Market Steady with North. Dealings on the curb were quiet and steady to~tay, with Northern Securities made Sherlock Holmes famous.” \ The play ‘The Sign of the Four’ has Sherlock Holmes for its principal char- and Mr. Hummel claimed ¢he name and character of Sherlock Holmes as the sole property of Mr. Frohman, through Conan Doyle and Gillette.- But Emanuel M. Friend declared that neither Conan Doyle nor” William’ Gil- Jette had any proprietorship in the name “Sherlock Holmes" any more than they had In Shylock, and he pointed dramati- erlock Holmes, all uncopyrighted, d costing from 5 to 25 cents apiece. belongs to the public.” —<—<— CURB STOCKS QUIET. ern Securities the Feature, ing hammered down 3 points on sales 1,20 shares, The bid and asked prices have “ireaay Woman by the Court. JAMES, MiGREERY & CO. Laces, for Evening wear, i | TRIMMED HATS, : representing the styles at present.in vogue in Paris. | PARIS LINGERIE, including Bridal Sets and Complete Troussea been taken from. the , ‘Sale of Oriental Rugs and Carpets on Thursday and Friday, November 12th and 13th. Rugs, Hamadan, 4x3 ft.. Carabagh, 5x3 .. 4:75 6.75 Shirvan, 6x4“ ., 11.50 Mosoul, 7x4“ .. 15.00 Carpets. India, T0x8..... 32,50 Turkey, 12x9.....54.00 Persia, 12x10....85.00 75 Axminster Carpets,—Ori- ental designs. 12xq ft. 19.50 each, Twenty-third Street. price of gold it is belleved that an ad-|of the principal outside securities were: vance in the bank rate will be deferred]. sia, Bid. Aaked. s0 long as possible, American Can” 2 ai Business on the Stock Exchange was] {reene Copper. 14 1! irregular, the critical etate of the nego- i it i. tations between Russia and Japan| % 5th 88 causing a depression, notably in Japan-| § Ent a ese seourities. Conaols were weak bi 5,8 olosed @ fraction above opening prices. 2 2 Home ‘were weak on poor earnings. | Ros “3 3S Americans opened irregular and fairly 8 7 steady, but they were noglected, owing 4 2 to the adverse effect of the reported in- Fy ae tention of J. Plerpont Morgan to retire % Sot Sandtig aa paer'iee at i og and clos e +i Prices of the ‘day when the Morgan i Hi dented. ‘White Knob’, id oy The Best Shoe $3.50 per for Women, pair, The Fall models of Boots, Shoes and Slippers express new thought general style, s both in shape and Heels are smaller, and more varied in height, to comply with the very varied demands,— and many types are narrower than those of recent seasons, hygienic and durable. JAMES McGRE RAIN COA TS— WALKING SKIRTS— ~ le West Ts ear ede Ne New double Cape model!—in gray and tan rain-proof materials— 515,00 Boutitlier Bro Boys’ and Girls’ Sorosis are most attractive,— ERY & 60. Twenty-third Street. Le Boutitlier Brothers WOMEN’S GARMENTS. . force of police on nand io preserve the | Black Broadcloth and Berkeley Cheviot Sutts—new cape effect Coat —silh or satin lined—and latest style flare skirt, anlined—richly trimmed and tatlored—colors: Blacks Brown and Blae— 525.00 Tatlor-made Suits, in Cheviols and men’s fancy materials—tiong skirted straight-front Blouse, pleated and collarless effect—Coat satin lined—Skirt unlined—colors: Black, Blue and Brown, °15.00 Valde, $32.00 Value $22.50 Value $20.00 in Biack Berkeley Cheviots—new full model—handsomely shaped— 96,75 and $8.75 Values $10.00 and $12.50 “age JAMES MeGREERY & C0.| Ladies’ Suits and House Gowns, Crepe de chine and peau de cygne gowns,—suitable for theatre or dinner dress, 45.00 and 65.00 Accordeon pleated negli- gee robes, trimmed with lace, 13.50 Imported flannel robes, 10.50 and 13,50 French flannel Kimonas, 7-50and 10,00 Eiderdown robes, 2695p 3-95 and 4.75 lounging Twenty-third Street, Oriental. Rug Sale Thursday, Nov, 1 2th, An Exceptional Bargain, 235 Fine Antique Daghesians, balance of an invoice of 875 pieces formerly marked from $27.50 to $35.00, at IIE.5O each, At Retail Only, yey Lord & Taylor, Broadway and Twentieth Street and Fifth Avenue, comprise ‘the best styles of the season—many we cannot: duplicate, others only one of a kind—the styles are mostly Long Coat effects, some strictly tailor-made, others in. fancy effects with applications of velve' trimmings. brown, blue and black, also fancy materials in mannish mixtures, Not a suit in the lot sold for less than $32.50 and many at $40.00. ~ [Eighteenth St., Mimeteenth St., Sixth Ave, New York 2 We Announce for Thursday, “<3 An Extraordinary Sale of roo Misses Suzts. These Suits are taken from our regular stock, and. ts, silk and braid The materials consist of Zibelines and cheviots in To-morrow, on sale at $25.00 each, Lord & Taylor. Broadway and Twentieth Street and Fifth Avenue, JAMES McGREERY & 60. . Sale of Silk Petticoats, ) On Thursday, November rath. Taffetas silk’ Petticoats of fine, durable quality. Black, white and all fashionable shades to' core respond with cloths, in response to the demand for tones to complete the “one color’ costume of the season. 6.50 to 12,50 value 10,00+to-18,00 Twenty-third Street: “MEN'S. GLOVES or Giave and Susde-Kiaskin,~ ~ "tor Street and Dress wear, also of Cape, Castor,’ and Reindeer, for Driving and Walking. |) ” GAUNTLET GLOVES: of Buckskin and Capé, Golfing and Automobiling.. i for’ ldren’s Gloves in various weights, alto cai number of styles stiitable for Winter wear, 3 ' Eighteenth Steet, MiseteemtD Street, stam Heme, Rew Yorn. } ait TINY TALES OF THE AB C'S. The place she secured : Through a Want in The World, service secured Af