The evening world. Newspaper, February 3, 1904, Page 1

EDITION “ Circulation Books Open to All.’’ “ Circulation Books Open to All.’’ i PRICE ONE CEN! NEW YORK, WEDNESDAY, FEBRUARY 3, 1904. PRICE ONE CENT. BO d00,000 PROFIT IN COTTON CORNER ———-FORSULLY CLIQUE . Drop in the Prices Is Explained by the. Disso- lution of the Latest Pool Formed By the Speculator Whose Followers Sold Out at an Advance of 134 Per Cent. i \ \ JOHN W. GATES IS NOW SAID TO HAVE COMBINED WITH COTTON KING, It ls Reported that When Sully Returns from Florida a New Pool Will Be Formed to Force the Price to 20 Cents—Big Drop To-Day Followed by a Rally. See Pe The cause of the drop in the price of cotton yesterday and to-day was explained this afternoon, when it was announced that the Sully ‘pool, which | has been boosting prices for nearly a month®had been dissolved. | This pool was formed early in January to handle the bull end of the market, and reports on the Cotton Exchange have it that the profit in spec- ! ulation amounted to 134 per cent. Daniel J. Sully was the moving spirit in the pool. Associated with him gre said to have been John W. Gates and John Lambert, although this information is not of 9 definite nature. It was generally supposed that Gates was a bear on cotton and rumor had it that he was $1,500,000 to the bad on the rising market, but it would not be surprising if Gates had formed an alliance with Sully. PROFITS MORE THAN $5,000,000. Experience: cotton brokers figure that to handle sufficient of the staple s to run up tho price to 18 cents required about $4,000,000 from the new pool, » dm-addition to what Sully could control. On the basis of 134 per cent. profit the pool went out of business to-day with $5,380,000 more than it started jowith, assuming that the capital was $4,000,000, Wall street is not disposed to believe that Gates or Lambert were in- terested witi: Sully, but the report will not down. Gates has not been * active in the local market recently, although this fact would not preclude the handling of his. money for speculative purposes by his son or his firm. It {s said on the Cotton Exchange that Sully decide to close out the pool operations yesterday when he found shat he had reached the limit of his borrowing capacity. He managed to get rid of thousands of bales be- fore there was an apppreciable slump and was then forced to sell in great chunks to take advantage of the highest prices he could get. POOL COTTON SOLD TO-DAY. Much of the cotton sold to-day is said to have been Sully pool cotton and buying by New Orleans parties is suppposed to indicate that there is| another pool working for a further advance and keeping in touch with Sully. The bear leader is about to take « vacation in Florida, Upon his re- turn, it is said, a new pool will be formed and cotton will be run up to 20 cents. Barring unforeseen accidents it is believed that Sully, with un- | timited credit at his command, can force the ‘price of cotton to any figure ‘he may set. | After two hours of panicky trading to-day there was a rally, although \a@t no time did the prices show signs of approaching those reigning yester- j day at the close. Spot cotton sold this afternoon at from 20 to 25 points ‘off. When the announcement of the dissolution of the Sully pool was made it was taken to mean that Sully had unloaded all he wanted to get rid of just now and that there will be no further sensatioual a.!vances or fleclines until he reenters the market. COMBINE AGAINST SULLY. Heavy Wall street interests ate allied to down Sully, and they have by | no means lost hope. It 1s quite certain that he did not liquidate all his | holdings on the exchange yesterday, although his brokers sold thousands of bales. It was reported as coming from the Sully offices that he had made i | a Bill" Daly has instructed his New Or- leans agent to dispose of all the horsen he has down here, Redman was sola this afternoon to W. F. Price for $1,200. An hour after Price bought Redman } Tony Licalsi offered Daly's agent 32,00 for the colt: Redman won his last race in the most impressive manner, The track was in good shape to-day and tho weather could not have peen improved’ on for this season of the pear, & private settlement with the shorts on Monday night, but the report was without confirmation. There are even brokers who think Sully will change / his mtnd before Saturday and not go to Florida for a reat. { H Up to the present time it is a remarkable fact that there have been no | {ailures of firms on the Cotton Exchange, but brokers generally do not be- ) feve that this record can stand long under the present strained and uncer- ‘|, tain conditions, i The coffee market, in which Sully is heavily interested, was féverish all "\, day to-day. Prices went off in sympathy with tho cotton movement, and } there’was a great deal of excitement. Two seats on the Cotton Exchange | were sold this afternoon, one for $3,900, the gthc: for $4,000. Never before ‘has more than $3,000 been realized for a seat on this Exchange. The closing prices to-day were: February, 15.64 to 15.70; March, 15.93 to 15.95; April, 18.08 to 16,12; May, 16.25 to 16.29; June, 16.27 to 16,28; July, 16.37 to 16.39; August, 15.85 to 15.87; September, 12.75 to 13.80; Octo- ber, 12.80 to 12.81; November, none; December, 12.25 to 12.30. | THE WINNERS. FIRST RACE—Alamode (9 to 2) 1, Duncan @ 4¢ @) 2, Mammon 3. Seen aeeneeeeneel WZATHER FORECAST. Forecast for the thirtyelx hours SECOND RACE~—Miss Galore (3 to i : 4) 1, Sonya (10 to 1) 2, The Doc- trees 3. (. THIRD RACE—Doclle (10 to 1) 1, +| with anxious eyes. | though progressing favorably, suffered WHITAEY FUNERAL | DE C]AL EXTRA. p SET FORM Distinguished Financier Will Be Buried from Grace Church, of Which He Was an Active Member for Many Years. THOUSANDS MOURN LOSS OF THEIR FRIEND. Business Men, Lawyers, States- men and Others Pay Warm Tribute to the Worth of Dead Millionaire and Turfman. Tt was decided to-day that the fun- eral of the late William C, Whitney will take place on Friday morning at 10 o'clock at Grace Chureh, Admission to the chgrch will be by card, A special train will leave the Nevel York Central depot for Woodlawn Cem- etery after the service at the church. The death of William C, Whitney, why Passed away at Kis home, No. 871 Fifth avenue, yesterday afternoon, has been received with sincere expressions of re~ gret on all sides, Such universally ca- Pressed sorrow ts seldom noted. Mr. Whitney was a lovable man, His home life served as a model. He lovea his sons and daughters with an intense devotion. He died with Harry Payne Whitney clasping one of his hands, His daughter Dorothy held the other. With streaming faces they saw their father's ife ebb away as gently as a breath of air wafts along a feather. Mr. Whitney loved his country. He loved his horses. He lived like a prince. Money to him was regarded simply as tho medium with which to purchase happiness for himself, his family and his friends. He died worth perhaps $25,000,000. Had he hoarded his wealth or devoted his time to increasing it he might have been one of the wealthiest men of the day. No arrangements for the funeral of William ©. Whitney have yet been made,and none will be made until Payne Whitney, who is on his way home trom Georgia, arrives here. Mr. Whitney is expected here some time this afternoon. He is hastening home by the Atlantic Coast line and will he met on his arrival by his brother, Harry Payne Whitney. There will then be a family conference, after which the funeral arrangements will be made public. Over a thousand telegrams, cable- grams and letters of sympathy for the bereaved family have been recelyed at the Whitney house, No. 871 Fifth ave- nue, but none of them has been opened and will not be until the entire family is assembled. Believed He Would Recover. ‘The people were shocked when they learned on Saturday that Mr, Whitney had been under the knife for appendi- citis. It was almgst with bated breath that they waited@or details from the sick room, Each bulletin was scanned With something akin to joy, a very slight but steady improvement was noted hour by hour, It was belleved and devoutly hoped that he would overcome the shock ana |* recover, The last bulletin issued yes- | terday afternoon breathed hope. When, later in the day the news of his death was announced, it was a shock. It was not known that a second | operation had been ptrformed. The people did not know that Mr. Whitney. hesgid,.they. will be closed. | intense pain. This became so excru- | clating that at 3.30 o'clock the attend- | ing physician decided to remove the tubes which were draining the wound, in the hope that this might afford re- ef. Mr. Whitney .was placed under ether again and practically never re- gained consciousness. He sank in col ‘The physicians noted the fluttering heart and injected stimulants hyperdermically. Oxygen was administered to purify the tainted blood and stimulate activity. The physicians used everything known to Thedical science to strengthen the flut- tering heart, but the beating became weaker and weaker, until finally the organ ceased to work. Mr. Whitney was dead, 5 ‘The physictans, reluctant to confess defeat, worked more than an hour trying to restore life. -At 5 o'clock they ceased their efforts and permitted the news of the death to escape from the bedroom. Doctors Refused to Talk, For some strange reason the phy- sicians were most secretive, None would talk of the operation, Dr. Walter B. James said he had left a statement at the Whitney house concerning Mr. Whitney's closing hour, but Mr. Whit- ney’s private secretary, Thomas Regan, denied that this wis s0. Mr, Whitney's last hours were peace- ful. He passed from life into death so quietly that even the phystelans did not know the exact moment of surrender. News of the death spread quickly, and soon carriages and automobiles were arriving in @ steady stream, Mrs, C, B. Barney, Mr. Whitney's NEEDS NEW SUBWAY EVERY FOUR YEARS Engineer Parsons Gives Start- ling Figures About Growth of Traffic in New York City and Its Great Needs. William Barclay Parsons, Chief Eu- gineer of the Rapid Transit Commis- sion, was the first witness called to- day at the hearing before the Com- mission appointed by the Appellate Di- vision to vonsider the complaints of property owners against the encroach- ments of the Fourth avenue tunnel, . Mr. Parsons gave some statistics of longitudinal travel in New York City and declared that if the normal ending at 8 P. M. Thursday for New York City and vieinity: Fair and eight or ten degrees colder to- night; Thursday falr, becoming cloudy; brisk to fresh westerly | winds. Miss Melton (2 to 1) 2, Totness 3. \ FOURTH RACE—Ascension (7 to 10) 1; De Reszke (7 to 5) 2; Huzzah 8. |< “¢apictat: to ‘The Evening World.) b 1H sinter, called a few minutes after his death. She was greatly agitated. H. pavity of the nearly completed subway H. Vreeland remained at the house ali! witi he needed every four years, 1 the afternoon. Edward B. Brown, whe | the normal increase at from 0,000,00 to (Continued on Second Page,)) NE PORENRNTR & X88. crease continues # new read of the ¢ anes on Rood a Piso’s racemes Prevents Pneumonia. alee Bgewv yet howtpentge. a4 druawist = | - my fe Mtge Gage Cola, eo etl, Uae y eo a me ict Aral Alexeiffr MR. WHIT NEY’S PALL-BEARERS ANNOUNCED | The following gentlemen were named to-day as pall-bearers | i at Mr. William C. Whitney’s funeral on Friday: Grover Cleve- | Secretary Wyndham Gives His land, Thomas F. Ryan, Elihu Root, Thomas Dolan, J. Pierpont | Morgan, Grant B. Schley, Col. William Jay, P. A, B. Widener, H. McK. Twombley and George G. Haven. — + ‘LATE WINNERS AT NEW ORLEANS. Fifth Race—Bessie MoCarthy 1, Col. Tyler 2, Past 3. ee ee THIRTY-THREE THEATRES INSPECTED TO-DAY. Health Commissioner Darlington announced this afternoon ithat his inspectors had visited thirty-three of the fifty-seven places of amusement in the city and that, with two excep- tions. improvements were uncer way in them all. Unlesathe | ‘two. whos? names he did not mention, make changes at once, ADMIRAL ALEXIEFF, WHO NOW HOLDS POWER OF PEACE OR WAR, GATES NOW IN THE REALTY COUNCILS Big Financier Chosen to Fill) Vacancy on Executive Com-| mittee of Company—Plans of Reorganization Project, | At a meeting of the Board of Di- rectors of the United States Realty and Construction Company this afternoon at No. 1% Broadway, H. 8. Black was elected President and Henry Budge, Frank H. Ray and John W, Gates were selected to fill vacancies on the execu- tive committee. Tt was reported on Wall street that the proposition to reorganize thy com-| pany would be considered: to-day, but the directors refused to say) whether this was done or not, The scheme senerally belleved to be acceptable to the reorganizers Is a new stock and| bond issue. Instead of the $86,000,000) common and 430,000,000 preferred the suggested scheme has $16,000,000 com- mon and $21,000,000 in first mortgage! bogde pavjgs 61-2 per cent._ interest. HOME-RULE CRY BRINGS OVATION Irish Members of Parliament Cheer Leader Redmond After an Impassioned Speech in the House of Commons. LAND PURCHASE ACT I$ TO BE AMENDED. Pledge that the Measure Will Be Adjusted to Meet the De- mands of the Irish People. LONDON, Feb. 3—"For the Irish party there is no such thing as an alternative policy to Home Rule,” de- clared John Redmond, the leader of House of Commons to-day, as he re- sumed the Gebate on the address in reply to the speech from the ‘throne. Mr. Redmond proceeded, in a speech of great length, to detail the warious grievances of Ireland, incidentally in- forming the Liberals that it was a de- lusion to suppose they could count on Irish support by promising an alterna- tive policy to Home Rule. Attacks Government. Because the Irish obtained a valuable act last year, remedying some of the evils of past government, some per- | sons seem to think that the Irish ques- | Uon was shelved, but no concession could weaken the demand for self-gov- ernment. On the contrary, every con- cession they had obtained or might ob- tain would be used for the furtherance of the contest for Home Rule. The Irish would rather govern them- velves badly than be governed well by another ration, Mr. Redmond , bitterly attacked the Government's attitude on education in Ireland, deschibing it as grossly absura and irreparably harmful to the youtn of Ireland. The Government's course on the Irish University question, he addea, was a dishonest evasion of an admittot duty and a grievance which polsonea the life of Ireland and condemned her to failure in the struggle of nations. The Government, conwnued Mr. Red- mond, had played the “devil's game of falne promises" too often, and if the Government desired the support of the Irish in Parliament and at the polls nothing short of the introduction of the requisite legislation would secure it, Must Amend Land Act, Referring to the land question, Mr. Redmond said the failure of last year's act proved that this Parliament had neither time nor capacity to legislate satisfactorily for Ireland. The act must be amended forthwith, alike in the in- terests of the tenants and landlords, Mr. Redmond conqluded with a few scathing remarks concerning “that irri- tating anachronism known ai Castle,” declaring the present, ‘aot ment of Ireland was “too rotten ¢ mended and must therefore be ended. It would be the duty of the Irish to op- pose the Government unless the latter ‘oreshadowed some appreciable advance on the road to home rule. Mr. Redmond, who wi Ei supported by R full” representation on tho Irish ponches. received an ovation from his ollowers at the close of outspoken criticism, Heated Mr. Wyndham, Chief Secretary for Ireland, in reply announced the Gov- ornmont’s intention to introduce an act ‘unending the Irish Land act and clear- ing all the doubtful points, nh hi ‘d to the university Mr. Wynd- the Governmen nus att h to Mr. mand for home rule, Ww: Mr. Redmond’s object seemed to be. to prove that he was the real head of the third party ii the House of Commons and that it demanded a separate Par- Nament for Ireland. The Chief Secretary denied that he ever had proposed Irish legislation with the view of giving home rule to Ire- land, or ay a concession for the purpose of changing the views of the Nation- allsts. He also denied that he had any understanding with the Irish party for any purpose, He had been careful not to delude the Irish by rosy, ambiguous periods, but he would insist that Ireland derive a fulr share of the, financial resources of. the Empire. Mr. Wyndham did not believe the Irish question would be settled for at least fifty years. Even if Ireland had her own Parliament she could not. in the present state of the money mariet, find 3750,000,000 for the purpose of carry- ing out ‘the provisions of the land act DOLLAR WHEAT A FACT IN THE PT Other Cereals All Jump to Rec-| ord Marks as Dream of, Farmer Is Again Realized— Excitement in Chicago. CHICAGO, Feb. 3 In the sample-room of th ‘Trade became an aétnalt The fact that the price which ! been the dream of the farmer again been attained gave « ulus to the efforts of th in the pits, and shortly One av " was reached in the sample-room y prices in the wheat, corn and oats pits} yous feeling, but beyond the decided Russian military activity there is lithe. — established new records, eclipsing pre-| 7 ie ss uf Dae em Vigas high mezks.for the. yeer. 5 definite news ‘ : au +i, gi aa al ve ca alias ele eis a L sen a 4 thee - — the Irish Parliamentary party, in tne4 | ing the word to fight. *lcommunicates its substance to his ga AUGIA GIVER. ALEXIEFE POWER TO DEGLARE WAR Czar’s Viceroy in the Far East, Who Favors Hostilities, Instructed to Strike Against . Japan on His Own Responsibility When Circumstances Render Move Necessary. LAST WORD FROM ST. PETERSBURG WILL BE IN THE ANSWER TO JAPAN. iMikado, Who Holds Hurried Council with Ministers, Is Expected to Issue Ultimatum, ~— While Czar Means to Fight if His Final Terms Are Not Accepted. LONDON, Feb. 3.—A despatch from St. Petersburg - Reuter's Telegram Company. dated yesterday and forwi by way of the frontier, says the Russian General Staff has given Viceroy Alexielf authority to declare war and open hostilities on his own responsibility, if circumstances render it necessary, The despatch adds that an Imperial manifesto declaring war is expected, if the Japanese Government does not accept the conditions proposed in Russia's response, which, it is asserted, will be Russia’s last word. NR / FACE TO FACE IN COREA. SEOUL, Corea, Feb. 3.—Russia and Japan stand face to face on Corean territory ready to strike the first blow in the war, that all now regard as ~ | inevitable. The Mikado’s torces have entered by way of the Seoul-Fusan Railway route, while the Czar's troops are marching south from Liao Yang and tuking up positions within shooting distance of the Japanese lines. The Japs are even at the gates of Seoul, where field guns have been planted, while the soldiery extends in an unbroken column along the rafl- |way to the frontier. Rapid progress has been made by the Russian troops, who started on the march in smal] detachments under secret orders, and while the ad- vance forces are now well distributed at vantage points, other bodies of {eoldiery are following them. | Show of force 1s not made for diplomatic reasons, but ‘each nation hag a sufficient number of men in Corean territory ready for defense and await- | MIKADO HOLDS WAR COUNCIL. TOKIO, Fel. 3.—Hvents to-day indicate that the prolonged fension has reached a climax. ‘ The Marquis [to, President of the Privy Council, was summoned from the country during the night and to-day the Emperor received him, and a council of the elder statesmen was held with the War Minister and three admirals. The conference lasted several hours, While it was going on Premier Katsura and Foreign Minister Komura had a long audience of the Emperor. The highest officials make no pretense of concealment of their exasper- ation at the tardiness of the Russian reply. An unofficial despatch says that the Russian decision means war. BIGGEST FIGHTING SHIPS MOVE. PORT ARTHUR, Feb. 3.—In response to the Japanese war measures {mportantgnaval and military movements have been effected here. The Russian squadron heretofore inside the harbor, consisting of the battleship Retvizan, of 12,700 tons; the battleship Peresviét, 12,674 tons; the battleship Czarevitch, 13,110 tons; the cruiser Fremiaschek; the battleship Orel, 13,600 tons; the cruiser Smiely, and the battleship Sevastopol, 10,960 tons, have joined the outside fleet, consisting of the battle-ships Petropavlovsk, Pro- bieda and Poltava, the cruisers Diana, Faliada, Abkold, Varyag and Boyarm and the gunboat Bakan. The latter has just arrived here from Chemulpo, Corea, with complete Japanese charts of the Corean coast. TROOPS ON A SECRET MARCH. The cruiser Djigit, the torpedo gunboat Gatdamak and the sloop-of-war Zabiyaka, four gunboats and the torpedo flotilla remain inside. , Simultaneously the ‘Third Brigade of Siberian Rifles and two basteries of artillery started for an unannounced destination from Liao Yang, south ot Mukden Altogether about 9,090 troops have departed,leaviag 10,000 men at Port Arthur, exclusive of the troops manning the fortifications. The arrivals of Japanese coal have been stopped. In consequence of the military authorities monopolizing the use of the railroad the latter has declined to transport any more commercial freight. The telegraph company declines to accept any more press or private messages, 80 they will have to be routed vis Chefoo. The authorities declare the naval and military dispositions should be regarded a8 precautionary, not as offensive. Port Arthur is quiet. RUSSIA’S REPLY TO BE SENT FRIDAY. ST, PETERSBURG, Feb. 3.—The statement, printed abroad that the issian reply is being held back while M. Kurino, the Tapanese Minister, ment is untrue, ry liy assured that the Russian te 5 at the earliest The Associated Press ts s 4 sponse will not be sent before Feb. The tension unquestionabiy is increasing, and the Bourse shows a met