The evening world. Newspaper, April 4, 1904, Page 8

CORNER W U ~ Buying for Principals in the Northern Securities Fight Makes Traders Suspicious, and the Market Suffers. WNION PACIFIC SHARES GO IN THOUSAND BLOCKS. Steel Sold Heavily by Pittsburg Holders on Dividend Talk, While Chicago Gas Benefits After Court Decision. Fear of a corner in Union Pacific was free of the factors that hurt trading on Stock Exchange to-day and worked a dull markets. ‘Phe announcement of the sult of E. H. ¥ Barriman to force the retum of his Worthern Pacific stock caused the trad- fers to go short of the market at the pening. Later they covered rather hurriedly and prices jumped, only to React later as soon as the urgent short covering had ed There was some early talk about a Union Pacific corner and this cat fome uneasiness, The stock op Bt 861-2, sold up to 87, dropped to 85 Pold back again to $6 1-4, dropped to |n dthen rushed upward to 896-8 and Again dropped aawy to 43 and advanced #4 Sgain to 89 and a fraction. The trading fm the stock was very heavy and blocks of 2,500 ehares were common. Southern Pacific was strong in sym- pathy, but the remainder of the market Was dull and uninteresting, and fluctu- - ated just aq Union did, although not so Miolently, nor over such a long range. People’s Gas was erratic in its move- ments as Union Pacific. It opened un- changed at 9%, dropped on three sales to Si 5-4, and then advanced to », whery it was when ‘the announcement ame that the United States Supromo Court had unanimously decided aealast tie company and in favor of the City ot Chicago. The stock dropped to 93 3-4 and then advanced to 9, and there was a feeling that now tho bad Hews js out the stock will go higher. ‘Tals was justified when it jumped w & in the late dealings. Pittsburg houses broke the price ef Gteel preferred, which at one time was @trong at 68 7-8 bid for an unlimited Supply. Pitteburg sold freely. ‘There 1s @ teeling there that the dividend would be.paid at the usual rate Uils Ume, out they say it will hurdly be paid three Months from now. ‘On the whole at the alose of the mar- there Was a general feeling of beur- es On Mosl issues except Union Pacitic. The lst generally was lower, while Union Pacific wu ‘excopuonally strong, 4 few other issues shuring sus vigor. Trading was very dull. ‘The total sales of stocks were 561,100 shares, and oP bands 3.174000. ‘The Clostax Quotations, '# highest, lowest and closing prices Ret changes from Saturday's closin Not High. Low. Close Chee, 19% At, aD — ty Amal. ci Revere an ‘ as ‘5, & vise if am. 2 % ae ie i Ls is Soe ‘ 25% a7 14 Fuel & iron. 2 +h Den. & Hilo 20% esi Den & R. G. woe +’ Erle yst = Bate Bo pe Fnth = fl UL Central 4 7 2 we — x * % & » a e % hy oh Ser8s.8ts Per a ea Fes Wis. Cen. pf. + Advance: 4 — Decline. ‘ ———___ COFFEE SHRINKAGE CAUSES FAILURE. BALTIMORE. Apri 4—The firm of Taylor & Levering, for the past thirty Years importers of coffee in Baltimore and New Yerk, announced to-day that in consequence of the shrinkage | value of coffee they had to\ go into liquidation, surrendering to | bankers under whose letters of | eredit they have conducted business tho offee Imported and notifying the sellers jem of afloat coffees of their inabil- to pry for the same on arrival, {The members of the firm decline to Name the amount of abilities, << WHEAT MARKET. Fractional losses were felt in the market to-day, due chiefly to the good ‘Weather over the winter wheat Stutes, Mrading was dull, purly. because ot (wire trouble and ‘absence of foreign i pews, including weekly Buropean sta- ica. Corn was steady but dull, lew York's opening prices. were: | Wheat—Ma: 1-8 offered; July, 93 3-8 ber, 847-8 offered. were: Wheat ber, 81 5 —May, 57; July, 53 3-4; Septem! 2 to 625-8; December, 49 1-2 offer lew, fork’ closing ‘prices were: t—May, 965-8 bid; July, 92; Sep-| tember, 841-8. Corn—May, 693-4 bid;| aay, 51 34 4 id, i { ‘8 opening pric —May, %3-4; July, S86 803-4. Corn—April, 54 May, 08; July, S224 to 627-3; September, 61 3-4 a COTTON MARKET, The cotton market opened irregular to-day, with prices 8 points lower to 4 points higher. There was notable bull- ing of July, which caused it to advance about 15 points on the call, No cables were: Wheat ; September, BHOERS FAR A [BROKERS CHUGHT 8 or from last recorded sule are aa fol- | ~ | Best South American W STOCK FIGHT W. B. Mack & Co. Forced to’ Assign on Shortage of Union} Pacific—Were Also Cotton Creditors of Daniel J. Sully. W. Bo Mack & Co. brokers, of No. 15 Broad street, failed to-day and teir| RovermNG! Pacific stock ex Suspension was announced both on the | Tecover Northern Pac @ deolxion ts m savor of the city, Stock and Cotton Exchanges. Tho | changed by Union Pacific interests for | jpn z ved the valldity of the firm, while conspicuous, ts not an im- | ie big merger shares rdinance of ¢ cago Ing a rate of portant one, and the announcement of | se wan dlatilaned by the Cnited Staten the fallure had no effect upon the cult. Court for ‘the Northern D! k t upon te | suppose, We will make our defense In| trot at i market price of either cotto ook n 0 in n The assignment was made to Phi y, | th court. and it will be a gtiod one.” Mrmed by to-day's o ., The effect le to Phillp J fs to mustain the valldity of the ordl who also acted in the same ca- for the firm of Talbot J. ‘Taylor time age Br While the failure im credited to the fact that the brokers got caught in the Aght for merger stock in the market, Was also understood that Mack & Co. | were creditors of D. J, Sully & Co. to the extent of $30,000 to $40,000, While Sully & Co., declined either to amMim or deny this Iatter, it waa ald by @ prominent broker conversant with the affairs of both firms that Sully owed Maok é& Co. at least $6,000. In addition to the short line in Union Pacific the firm was sald to be short of Rock Island. Friends of the firm are confident that {t will soon resume. Notice of the assignment wan fied over the mult which as made by Mack & | ° {d that their Habiitties | © hern Securities at the time Jd be about $50,009, of orthwest merger, none of the financiers and railroad men ‘dentified with the Northern Securities Company with the exception or Mr. Clough would they being short of Union Pacific, it| *¥ anything. |the sult would place Harriman in un- tn the merger amounted to $78,108,000, which i $605,000 more than one-half. control Unton Pacific. RTT TSE hase “WORLD: ° Preactea' Wy return of the NOTHING FRIENDLY IN Big MERGER SUIT Col. Clough Declares Northern Seourities Will Have a Good Defense to Offset Harriman’s Claim for N. P. Stock. is alleged in the propor ern Securities assets return of Northern Pacific and Gr Northern stock would leav. of the court. CHICAGO WINS GAS SUIT. eme Cour! April United State: WASHINGT¢ W. P. Clough, general manager of the Northern Securities Company, sald to: day of the suit by E. H. Harriman to While Wall street is much interested FE. Ho Harriman it to recover the holdings in cite which he tursed ove! has brougt Men’s Suits, Men's Top Coats, CLOTHING ON CREDIT Tt is believed a successful issue to disputed 1 Norther: Wey " Pacine’ Raifrond. hn ‘Harriman ins | Ladies’ Tallor-Hade Lads’ Cravenata it lor form: i rete PRE. StI] 698 to 25.00 8.50 to 22.00 n Mock. Poor's Manual for 1002 gives, the 6.98 to 25. so aes capital stock of the N. P. as $15%,000,000. a Week Opens an Account Harriman’s actual holdings represented TILL OCK. If Harriman wine {t will mean the} of the Northern Pacific by the ‘The petition for an or- in court shortly after the announcement on the exchanges. No schedule accom- panied the papers. Curtowsly enough, W. B. Mack, the head of the firm, whitch was formed May 8, 1901, was at one time a clerk in the offlce of Drexel, Morgan & Co. Bo this makes within the year two firme that have failed the heads of which were clerks for J. P. Morgan. The other and more important failure wag that of Sharp & Bryan. Mr. Sharp was for a long time with J. P. Morgan & Co., and was one of Mr. Morgan's favorite clerks. In faot, Mr, Morgan loaned him enough to start in business with. Mr. Mack left the firm and, it ts understood, waa not in the good graces of his chief when he left. The firm during the summer has o1 at Manhattan Beach, where the politiclans deal with them, ' They do a ig business during that time and it is understood has some strong political connections which It is belleved wt help them. The members of the firm say that the naion will be but temporary. The other mambers of the firm are T, B. Smith and D. H. . Attention waa attracted to ‘the something over @ year ago when Har- rison B. Moore, jr. the well known club man, withdrew as a member of it. Mr. Mack at the time explained that Mr. Moore spept a great deal of money and the others tn the firm did not con- sider him suffictent!: y conservative, Mr. Moore retorted that he left of tas own volition in order to join another concern, and that the money spent was from his own private funds end had no bearing whatever on his busl- ness affairs. ‘This ts the first bear failure, and ft is freely predicted on the street that sev- eral other small bears will be forced to cover quickly or go to'tlre wall, FHlatr Mattresses at greatly reduced prices, We will offer this week the followingExceptional Values in mattresses, which we will ‘hold for delivery until May 15th if desired :— Elastic Mixed Hair. Single Size, Full Size, $6.00 & $9.50, regularly $8.75 & 14.00. L.@T.Special Hair, $7.50 & $11.75, regularly $11.00 «& $1 Hair, $9.00 & $14.50, regularly $12.50 & — $20.00. Covered Springs. ~In connection with above! sale, we will sell our Box and Shelf Springs, at $8.50 & $10.00 each, | instead of $12.00 & $14,00 each, Lord & Taylor, Broadway and Twentieth Street and Fifth Avenue, i D-Y-S-P-E-P-S-I- RIKER’S DRUG Srone, eth OUR NEW mi we received from Liverpool nor the hh market, it being a holiday. opened strong und active, n ing cos wi taune, iret, ener A Be 2 ae G STORES, 1200 x) « M0) 08 aves aq ee you seeking rooma and B.Altmant Go. Are now holding a sale of Oriental Rugs, in small and medium sizes, at considerably reduced prices. Rug Department, Third Floor. WOMEN’S NECKWEAR, A VARIED AGSORTMENT OF SELECT NECKWEAR FOR WOMEN IS SHOWN, INCLUDING OSTRICH FEATHER BOAS AND STOLES, ALSO A WIDE RANGE OF NOVELTIES IN CAPES, YOKES, STOCKS, SGARFS, ETC. LACE COLLARS, $1.25, 1.75, 2.25, 2.75, 4.80 each. WHITE LAWN EMBROIDERED COLLAR AND CUFF SETS, . 78Be. per set. WHITE LAWN EMBROIDERED STOCKS, 88c. each. (Rear of Rotunda.) B.Altmant€o. Sale of Several Thousand Pairs of WOMEN’S GLOVES, at 78c. and $1.00 per pair, Misses’ and Boys’ Gloves, at 68c. pair. (Rear of Rotunda.) Eighteenth $t., Nineteenth St., Sixth Avenue, New York, TTT If MONDAY ting for Harri lawyers acting for Harrl- sion 8. Pierce. acting trustees for the Oregon Short Line. It petition that the plan} wed tor the distribution of North- by the pro _rata| the con- trol of the roads jn the hands of the fame people who are now In control, and would In effect defeat the decreo People's Company Loses Appeal to 4—The #u- preme Court of the United States to- day aMrmed the decision of the lower court in the case of the People's Ges The case is that of the en Company va, the City of Chi- Can American Can Prices Irregniar, with the Merger |Con, Lake... Tunues the Leaders. | Gon, Lake pt. Speculation in the outside market was | Great Northern dull to-day, with prices Irregular. North: | inter. Marine pe ern Securities opened off 2 points, at | neta Pt 85, and sold down to 97 1-2, It Intor ral- | Northern Pacitic Héd to 98, where It steadied. Northern New Zi Pacific was bid down 3 points, to 168, without any sales. A gain, of 2 points was realized in Great Northern, ening at 16s, against 166, ite close of Lronee Ea errs ay. The bid and asked prices of White Knob . Tuesday and Wednesday, April 5 and 6, The Greatest Dress Goods Sale Announced This Season. 32,000 Yards High-Class WOOL DRESS FABRICS, 69c yard 690c yard 55 and 56 inches wide, and retailed all Season at $1.25, $1.35 and $1.50 per yard, will be offered for 2 days at This immense purchase of High Grade Dress Goods, which we forlunately consummated with two of America’s best Woollen Mills, unquestionably presents the finest lot of Superior Dress Materials H. O'Neill & Co. have ever had the pleasure of offering at such a low price. The goods were manufactured for this season’s selling—are stri ly all solid wool, $4 and 56 inches wide. The styles and colorings are so varied that a complete description would be almost im- possible. ies’ lling Suits—Men’s and Boys’ Suits—also ae in ‘Separate Skirts and Girls' and Misses’ Dresses, At Sixty-Nine Cents Per Yard. Real value $1.25, $1.35 and $1.50. (On Special Tables, First Floor.) Tuesday, April 5, In the Silk Department, The greatest value ever offered in one of the most popular Silk Fabrics this season. 12,000 Yards. CREPE DE CHINE—AIt silk, 24 inches wide, in all evening and street shades; also white, ivory, cream and black—Tues- day, per yard...-seseeeseevenee sea siececs . \58c (First Floor.) The Very Best Linings Are what you will always find in our Lining Department | —we don’t carry a single line that we cannot guarantee both as to wear and color—30 to 50 new spring shades are being shown in the various weaves, and many of these are exclusive with us. For Tuesday We Offer ds SUPERFINE PERCALINE, 36 inches LS wide, absolutely fast black. Regular 20c. quality at 15c, yd. | Regular 25c. quality at 20c, yd. (First Floor.) Sixth Avenue, 20th to 21st Street. 82.82. H.ONeill & Co, We suggest their desirability for Tailor-Made Suits— | | “Dollar COMPLETELY FURNISHED, “125” OUR TER. Brooklyn, Entire Block Fulton, from Bridge to Duffield St. Brookiyn. Notice—Bring your World Coupons to our Premium Room for redemption. Saks & Company BRQARWAY, 33R TQ:34TH STREET Announce for Tuesday, April 5th 1¢ Price-Reductions of Imported Costumes for Women, Formerly $195, $210, $225, $250, and $290, At $145.00. All of the costumes which are still with us are involved in this offer. The collection embraces exquisite creations by such far-famed designers as Paquin, Doucet, Vincent, Pordeaux and Maison Templier. The materials are varied, but all of the richest texture. The former prices —$195 to $290, were considered modest—for Tuesday we offer them at $145, which is a very liberal reduction. Double Stamps With Cash Purchases. “S, & H.” Green Trading} 2 That mearis we give Stamps instead of 1 with cash purchases. ENTIRE STOCK OF } Famous CYGOLF $3.50 SHOES. NOW BEING SOLD AT $2.90 We have bought the entire stock of the famous |Cygolf $3,50 shoes (several thousand pairs)—new goods |direct from factory, and comprising all the latest spring |styles,—every size and width. They're going fast. ON SALE AT THE International Shoe STORES IN PRINOIPAL CITIES. PARLOR. s ) ONE DOLLAR PER WEEK OPENS AN ACCOUNT 3 Roonis Furnished at $75. Write for Complete List of these Goods. ‘ WE PAY FREIGHT AND CARFARE. WE CARRY EVERYTHING FOR HOUSEKEEPING. ALSOAPPLY TO of TIC Women’s Department. Closing Out Wholesale and Retail Stock of | Walking SKirts. About 1,500 Skirts in Cheviots, Meltons, Broad- cloths, and over 50 different English Mixtures— ° all new this season. | $6.00, $7.00, $8.00, $9.00, $10.00, $11.00 & $12.50 values ~ PER PAIR i Cff Shoe’ Stores: ‘1343 Broadway, Herald Square. 823 Broadway, between 12th and 13th Sts. 262 West 125th St., near 8th Ave, Co. : 5 Rooms Furnished at $150, JERSEY AND CO. at $3 50 an $5 00 Vache Carharls6o. Broadway and 13th Street. of S. & H. Green Trading Stamps D for the outside Wrapper and Label taken (the only imported Worcestershire) when presented at any of the Stores owned or Tbe Given Free from a 2OC, bottle of operated in any part of the U. S. by (on Serry & Hated } No Trading Stamps given with C. O. Ds. E SEVER THE BOND ‘Phe Oppenheimer Institute has a scientific treatment for Trcohetsmn t is prompt, effective and eieotutely Without any injurious after effects, It will entirely ro- Tore the craving for alcohol within twenty-four hours. ‘The pationt will eat an p normally within three to and his uervous system will soon bo restored mal condition. e craving for drink will of iteelf never again return Morphine and all other drug addictions removed by same method. For book of information, write us a letter or fill out and mail this coupon. Communications strictly confidential. Oppenheimer Institute, 131-183 West 46th St, or Bxecutive Office, 170 Broadway, New York. Fulton 9t., Es ing Stamps Free, in addition to 3 Wi those you receive on your pur- Brooklyn, ee ee eae $3 Worth of Stamps FREE Tuesday. COUPON. Upon presenting this coupon at A. 1. Namm’s Store Tuesday, April 5, and making purcha: amount- ing to $1.00 or more we will sive! three dollars’ worth of Blue Trad- chases. (Good April 5.) E. W.