The evening world. Newspaper, May 17, 1904, Page 4

Ni rors 2c are Former Cotton King Appears as a Witness Before Referee Coxe to Explain Transactions on the Market. WO LONGER PRESIDENT OF F. W. REYNOLDS & CO. Admits that He Has Resigned, but that Mr. Sully Holds $219,000 Worth of the Com- pany’s Stock. ‘The examination of ‘ex-Cotton King” Daniel J. Sully in bankruptcy proceed- ings begun before Commissioner Alex- ander was resumed to-day before Mac- gtane Coxe, who was appointed referee to weeks ago. The hearing was held in the library of Mr. Coxe's office, No. @ Wall street. “Will {t be necessary to swear Mr. ly again?” asked John W. Boothby, counsel for Recelvers Miller and Taft "It won't do any harm,” remarked the referee, smiling at Mr. Sully, {It certainly will not do Mr. Sully any harm," said Mr. Boothby. Atter this exchange Mr. Boothby be- gan a series of questions, which show- @d:that the probe was being directed at Fred Zerega & Co., cotton merchants, of Liverpool, England, and George H. MoFedden. & Brother, of Philadelphia, in connection with their disposition of 4,09 hales of spot cotton on which $1%4,- 0 was loaned to Mr. Bully. Mr. Bully stated that John McFadden ahd William Winnery compmised we Laverponl house, while John McFadden ana his brother George made up the Philadelphia spot cotton house, Sully Explains Transacttons. “Provious to January, 1Wi, the transactions with Zerega & Co. on spot cotton were with me personaly, atter that with F. W, Reynolds & Co,,"" suid Mr, Bully. Here Mr. Boothby produced a small book marked "No" in which were rec- ords of transactions in futures. Mr. fan thought the entries were in the waiting of his ee broker, Tom *e Erne you not shy that. the future teanaactionn with Zerega & Co, wore 2 personally? A. Yes. wip he entries here say that the sactions were with D. J. Sully é& yr_femarked Mr. Boothby. *i cannot help that," said ‘My Bully. Co Bate ati the book ns part BF phe firt ? i gaa 20 this jow paper?’ thby. handing the witneas a legram which in cipher notified John Hexadden ‘of the male in Liverpool of Ce mt tor ee have seen so many te." Mae 1 toe sony ny ar announced that he was no it of F. W. Reynolds & Sree did that Hee 0 or three wee! sald Mr. Sully, ““T was succeed M4 pavia at: mipgon. my father: in-law. Sully, further admitted that hie eld $219,000 worth of Reynolds Company, Mr. Thompson 000 worth and himself the same ie He offered to turn his own foate of stock over to the receiv- you get a check for $194,000 art the’ fimo you delivered cotton’ to do not recall recetv- ing it, but my"books will pow My Gaah\book ought to tell asi Id you draw on Zeroga & Co. 7 cannot tell you. “My books will ‘There is no need of asking me. ere a.e other books. Where are the tea? “Haven't you’ got the cash Mr. Miller, one of the receivers, re- marked that'the ledger entry shown the mrisness was from the cash book. Did you or any member of your firm notify Zeroxd & Co, to sell that eotton—the $194,000 account. A. No, rir. ‘On the contrary, Mr. Cutcheon, attor- ney for F. W. Reynolds y& Co., ‘notified Co, through the’ latter's Not to sell it. icFaden Bros. authority to inet futures. against the & Co, It Dantel J. Sully & Co,, ex- F. W, Reynolds a Dos Passos announced that the gantry 4 & Co. schedule of assets and lia- were being prepared under Mr. y's direction on the basis that there mn no lquidation of profits or to seouing the equity of ‘The examination was adjourned to Thursday of next week, at 1.30 P. M. ee WHEAT MARKET. ‘Wheat was in demand at the start to- @ay, with the same scarcity of offerings noted yesterday. July showed the greatest gain, it opening at 91, against 891-4, its fina} figure of Inst night. Sep- tember, after the opening. remajned - stationary. Corn was steady and fea- e868. York's _openin: rices were: a CoA i care ead egies Ts eel neipricee: a were: Wheat ‘3 openin ei y. zko heh July, &6 to 861-8, -4 to. $0. of. Corny July, 481-8 r, to 47 to to: epicin Wheat—May, 618" bia; a4 bid: closing prices were: July, 91 3-8; December, 83 ; July, 53 1-4 bid; Sep- pacers were; Wheat— Bi oe bid; September, ‘sup. a ied ca Seige Mey ia: December, 42 1-4, _ SHIPPING NEWS. “DAY. 1/Moon Fisea, 9.28 Hin Water, Low water AM. Pt PM. her B23 B42 465 454 +), Brunswiok Port Arthur |COURT DECIDES GAS MAGNATES NassrioniGlgetheke Rogers, of Standard Oil and Mercantile Trust Co., Jus- tified in Decision Against Re- ceiver, Who Fought Merger. io, SENSATIONAL TESTIMONY HAD BEEN GIVEN IN SUIT. Fraud Was Alleged by the Plaintiff, Who Sought to Nullify the Sale of Boston Companies in Deal. BOSTON, May 17—Judge Barker, of the Supreme Court, to-day ennounced fn decision adverto to Receiver George hut Pepper, of the Bay State Gas Com- , of Delaware, in his action for the nullincation of the sale of the Boston gas companies, in connection with a plan to merge into a new com- bination: ‘The deciaion dismisses the bill of Re- ceiver Pepper, which alleged that the sale was accomplished by fraud and conspiracy, The case which came be- fore the court in March conmumed sev- eral weeks and much sensational evi- dence wan given, At the conclusion of arguments by famoun counsel, Judge Barker reserved decision. It 1s understood that the case will be carried to a higher court, In his decision Justice Barker, who found for the defense in every point, sayn there was no evidence of any fraudulent action or lack of faithfulness on the part of the Mercantile Trust Company of New York, nor upun the part of Henry H. Rogers, Thin const!- tuted the chief contention of Attorney Sherman L, Whipple, who was counsel for Revelver Pepper, The Court also exonerated in every way the firm of Kidder, Peabody & C ‘The large financial interests tn- volved, the prominence of the men brought Into the proceedings and the seriousness of the charges made during the hearing caused the case to be ranked as one of the most Important ever brought before Massachusetts courts, ‘The defendants to the action included the Mercantile Trust Company of New York :and Kidder, Peabody & Co., of Boston, who were financial agents in connection with the merger, and Henry H. Rogers, of New York, trustee of the the stock of | fion Bay State Gas Company, of Delawai Recelver George D. Halleck, of the Bay State Gas Company, of New Je sey, and the Massachusetts Gas Com- panies, the corporation into which the Boston companies were merged, also were party defendants to the sult. Mr. Rogers and Thomas W. Lawaon, of Boston, were among the prominent witnesses in the case, their testimony concerning transactions involving mill- very nal. jectaion is regarded as a blow against Lawson. $100,000 FOR RECEIVER. Townsend - Downey shipbuilding Certificates Will Be Insned. Judge Holt, in the United States Dis- trict Court, to-day aligned an order nu- thoriging Henry I. Ide, the receiver of the Townsend-Downey — Shipbulldin Company, to issue recetver’s certificates to the amount of $100,000, payable in six months, at 6 per cent. ‘The Court ordera the receiver to ne- gotiate the loan, making the oertifvates payable at a New York bank or trust company, but specifies the ceruftcate mnuat be ‘sold at par. The receiver will now order work on several hearly completed. ship The order algo autiiorixes the receiver to pay off and retire ¢ 0,000 Of Fe= celvers certificates now outstanding, LONDON STOCKS HEAVY. Americnna Recover After Weak Start, Closing with Some Strength. LONDON, May 17,—The plethora of money In the market to-day weakened discounts, A heavy tone prevailed on the Stock Exohange and there was a sagging tendency. The beliet was ex- pressed that there was Ustle gpapect of pMOr to the The absence of Con- were Whitsuntide holldays. war news Intensified the dulness. is were easter, Home rails Irregular, Americans at firat were woak on per- sistent Wall street realizations. Later they partially recovered to slighdy above parity, at which they were neg- lected, The market clo: firmer, Grand Trunk was easier owing to ex- of bad trae returns to- pectations morrow. ————————_— COTTON MARKET. ‘The local cotton market opened steady to-day, with prices unchanged to 3 points higher, Laverpool cnbles everybody was pre: pared for a much i ning and Pet was ‘filed with. a ng gedere designed to take advantage at the bulge. genie tornished liste support, Owing to the obvious to unload, ani commission houses’ demand was very small, us rains in the central and east- rh sections of the belt made new crop nonths lees attractive to buyers than o Ba The openiny May, 18.47 to into: July, 1260; Auguat, (12.90 to Ibah; 6 ub ‘Ooto~ her, Desember, jaduary, 11:3) to 11.31, ee Reading in Groups. (From St. Nicholas.) Tan't too Httle attention paid by you ‘oung readers to the order In which you read books? It ts not diMeult to obtain Hats of book# so arranged that each help in the understanding and apprecia- tlon of the following ono. In the read- Ing of Scott, for examplo, wouldn't it be wise to take them—or those you prefer— in the order of their time? First comes In view of the strong) IF YOU ARE WISE, FIDSIGICD ~—$6-9-49-206-860-5-09. oF # THEN THERES THE RAIL AFTER AN SMASH-uP. GET YOUR R LIFE E INSURANCE ‘ POLICY BEFORE YOU START HOME THESE DAYS. CECH HOOF OOEO4OSE46F9OOG185 9 1009G 0600801 OF HEOLO GH4444 MEALS WERE You BELLING Live insunance On “L” STATIONS ona . To ro 1 you OONT Ger Home civell ANO THE P5893 99-999F-9-95899D9-82092-990099003 595 @ | Fuse Btow-ou' PANIC. dOO04 STOCKS HIGHER AT CLOSE OF MARKET Erie, Steel, Consolidated Gas, Manhattan, and Brooklyn Rapid Transit Leading in Tra- ding in Which Shorts Figured. Traders in the market were busy to- @ay for the most part trying to get back the shares when there was quite a Mttle lquida- tion going. This stock wan ao readily taken that the shorts, who took nd- lines, found that when the day cloned) vat there was a scarcity of securities in the street. They rushed to cover, and this caused the sifht rally at the close of the market. Ta-day these ef: forts were continued, and at the same time several attacks were meade upon some long ste failures and the market, after an un- certain spell, developed some strength. There seemed to be quite a little mpre outide business this week than last, and the undertone was better than for rome time. The early strength was due to the good buying of the Stoel issues and tho preforrde crossed 63 and the common at one Ume sold at 9, This advance with the strength in the Erlew and Gas helped to lift the whole market to 1 higher level. Goo buying helped Man- hattan and Brooklyn Rapid Transit, both showing strength. Amalgamated Coper dividend was bid for on the curh at 6-8, which Is 1-8 ad vance over the rate of payment re cently, he dividend has heen for som. time @ cents a share ‘did ts at the rate of 6 ding wan evidently for the purpose boosting the stock. but had very IU they are adapted for. 650 SUITS, in great variety, with short é and long skirts. Value 17.50) 10 00 27,50 30.00 ; 35. 37.50 39.50 “Count Robert of Paris,” then ‘The Be- (hrothed,” next “The ‘Tallsman” and “iyanhoe," then ‘Castle Dan) “The Fair Maid of Perth,” * Durward’ and “Anne of Golersteln™ ai of which are of tmen before the div: covery of America by Columbus, Road- Ing them in this order one ins a veelce o early times and mar eree gach Peta Seat boxtoning tt read Books chronologleally, i Boott this 19.00 22.50 12 3172 25.00 25,00 Rain Coats at... thpy wold yesterday | A vantage of the selling to extend thelr! ( the market, in the hope of dislodging | 3 Kk, ‘These efforts were ;} Jemect, and the xtock held at about the closing figures of last night The Grangers were during the day than for some time, and Ateliison was for the greater part of the day above ds. Union wid well and Southern Vacillc wus steady The advance In the rates, for ] money had Httle effect upon prices, h Were higher at the close, with ding dull, The ta shares ROTHSCHILD FAILS TO DELAY TRIAL Indicted Head of the Federal Bank Is Denied More Time by Recorder Goff to Prepare His Defense. a little stronger 700 1 sales tocks were 4 of bonds $1,521,000, pean The Cloning Quotations, To-day's highest, lowest and closing prices net changes’ from closing, prices of from last recorded sale are as fol- David Rothschild was called gor trial tf before Recorder Goff this afternoon on ndictments charging grand larceny. er in the day an effort was made to have the trint postponed, hut Re- corder Goff decided there was no rround for delay. he firm of Houge, Grossman & Vor- hous was engaged yesterday to take part In the defense of Rothschild, Mr. | Fred House appeared before Recorder Goff during the morning sesslon, with Attorney [eventritt, who has been look- , ing out for Rothschild's interests, and af 4d for the trial to be set back one day “T have not been on the case twenty- four hours," explained Mr. House, “and | would like to have time to look into the affairs of my client before going on with the proceedings in this court.” Axgsistant District-Attorney Rand op- poned the request of Mr, House, He sald he was willing to render every as- sistance to the defense, but that Roths- child had had plenty of time to engage additional counsel and that there was no basis for a postponement. ‘This view was shared by the Recorder, The court-room was crowded with rsons who had lo#t money in the Rothschild enterprises when the case wis calle J. Rothschild was lil at ease. ol Fuel & Tron | je + eet lttte He oP eI eae leet Strlot-Attorhey does not expec the tral will take up m aie ttle Girl Dies from Dog's BI HARON, Pa., May 17,—After twenty days of terrible suffering, Glad the four-vear-old daughter of Harle: Brown, died to-day from hydrophobla, esult of being bitten on the cheek vicious dog at Orangeville near Rabies developed shortly after. ur faults to the man who ts nelined to be Koxsl Tmagine vour'mother can be taken in giib-tongued youth. hink an imp tolling of the #1 Tell alt yor r Inguished {etree Paiadelphia’ Bulletin, any dis- pur fam" f - Kackall Carhart Co SPECIAL ANNOUNCEMENT. Our Cutting Time of Materials—Also Cutting Time of Prices. Each season we cut up all of our surplus stock of cloths into such garments as Hundreds of remnants are cut into Suits, Skirts and Coats; also quantities of full pieces which we don’t care to carry over, and in addition we offer our regular stock of Suits, Coats and Skirts for which the sale is getting late. The same care in the tailoring of these garments as on our regular goods. 500 JACKETS, SRSA Te YERSPOEOREDEDOGM | * | 1, 1903, he made a cash payment of $6: STL BIND PLA SHOWS A LOSS »|J. P. Morgan & Co. Settle with Holders in Conversion Syndi- cate and Murmurs Are Heard from Syndicate Members. PROMOTERS FIGURE OUT A SMALL PROFIT. Loss May Be Ultimately Turned to Gain if the Paper of the Corporation Can Be Held for Higher Prices. Members of the tse Steel Corporation stock conversion syndt- cate to-day received thelr bonds from J. Margan & Co,, the managers of the syndicate, and on many aides ther? were angry murmurs, for the syndicate shows a lors, and many of the members in view of the 10 to 18 polrts differ nea between the steck and the bonds, ) Cannot understand this and b ad hope | to the lust to reveine a cash dividevd ‘The loss to the membe: ers ranges from 8 to 2 per cent., acs ‘cording to the price United st % | (he different members paid for the stock which they turn into the One man paid In tosday ¢: | and received $7,500 of bond: vndicate, 45 in cas} nd on Oct nd received 35,90) in honda, pald in $1,185.45 and 100 shares ferred stock, which cost rate of $9 a share, or he recetved all told $12,500 In bonds. The stock cost him $9,500 and the $1,185.45 In cash, making the total cost of $12,500 bonds $10,685.45, If these bonds were sold to-day they would bring, wit the market at 721-2, $9,062.50. Thus there is a losd of $1, or about 11 per cent. This Is a falr Iden of how the syndi- cate members fared, Some paid more for their stock and some paid less. A few of the members i J the mat- ophically, and polnt out that Interest collected on the Thus f pre- him at thy 0, For this E the inte! At 6 per cent. for a The total losa on 3 about $17 forced par, and ubled the #yndicate managers to reduc thin matertally, as shown by this sneaction. y now be at a later date profit, ‘Those who cin will, it is belleved, ul- price severn! ng quotation were “in onder to to pay to the syndicate organ & Co. figure a profit on ule tranmnction of $2400, The Is fig ured In this way: Had the man held his 100 shares ‘or at $% a share would to-day have a loss of $42 9 share, or $4.20. Now he has $12,500 of PRESIDENT POLK’S NIEGE fa trouble. The Ss pH i Two years ago I began to noticed a perceptible imp! bottles I is cured. py m pains and uish that a dreary vuication of phys be described. ‘These won Patns all gone same_ stor’ Fregtlarities In their place health and fe and gratl- all Kone. vigor and vivactt: bonds, worth $9,000 at the market price. He has saved the difference. BORAXOLOGY Boraxology is another nN’, it rm, er T hold Pe erana in Me AYS: . 71 “PE-RU-NA IS WOMAN'S FRIEND.” 1 MINNIE Lee (oLuiny s Pernna cured her of female ns had failed. {dent James K. Polk, writes from srieweel a_ severe attack of femaie prescribed for me, but without avail. ke Peruna at the vice of afriends I after taking several steem and am always LEW, COLLINS. at ian wonder: rker in female dis and yet the ex; ation of it is sim- Cntarrh is the cause of those troubles. una cures the catarch. The cause being emoved the symptoms disappear. ive prompt one write . giving a full state- and he will be pleased valuable advice gratis, P it of The pitarium, Columbus, Ohio. at once to Dr. Hiait ment of your | 10 give you hi Add! AMERIOAN NURSINI themeelves and their ba- MOTHERS bies in splendid health with OASCARETS: ‘words ofthose who have tried and so the sale is now over A BOXES A MONTH. Mama takes a OAS- CARET, baby gets the benefit. The sweet, palatable tablet, eaten by the nursing mother. her flow ly purgativo. regulates her system, increases of milk, and makes her milk mild- Baby gots,the effect di- luted and as part of ite naturel food:—no violence — no dai results. er — perfectly natural © more sour curds in baby's stomach, nomore wind cole) cramps, convulsion less nights. ‘worms, An druggists 100,360, 260, ‘600. Never sold in bulk. Genuine “They mare ue feet 20 good.” name for lightening work, and when you lighten work you lighten the heart, Lots of heart-sick people are simply work- sick, Hard city water and soap are bound to make hard work, Put BORAX in the water and lo! as if by magic you double its cleansing power, Use BORAX in the wash, the bath, the toilet, everywhere you use soap and water, but be sure you get pure BORAX — 20-MUOLE-TEAM BRAND. Sold by Drug- 1,000 SKIRTS, gists and Grocers, %4, in Covert, Cheviot & Broad- in solid black, blue, browa-and! and 1 1b. packages, cloth, all silk lined. 50 different mixtures. \; The cfamous be mee ag af Pic. Value 10,00 5 00 | Value et ml ie. 50. ord Stietsann Pan cla | 43.00 12.50 : 450 ieaasacmdili 13.50 50 mae 00° 20-1 Mule-Tean—Oie Trade Mork | . Si Se | 15,00 |. bs tea ee in 500 SK INHEALTH Bele calle TREATMENT * . 0 ab 10. 16.50 “a. 50 75 cts “ x 3 00 i 17,50 Harfina Soap... 3.7 Be s++++12,50 20,00 Sitk Drop Voile Skirts...... 13.75 |Sutresaieynnan anak The largest and most complete stook of desirable goods ever offered at suc! ber jain prices, BROA DWAY & .13TH ST. 1 humors an purity, the blood the most infallible an gure for every | form of iteb hing. eoaly usyore, orpee { cially baby, butions. | to the world. Drugginta. | 5 cents’ for Tiers ities chha i poet ANNUAL SALE—TEN MILLION BOXES @reatest In the World “.. tablet stamped CO Osan Sample and booklet free. STERLING REMEDY OO. Chicago or New. Fone ‘ ~“ ~ Coward Shoe ‘The Coward Oxford, Ashoo made expressly for young men. Up-to-date in every detail- A medium narrow toe, flat soles, fits exactly, especially where Ox- fords don’t usually fit—at the ankle, $2.50 and $5.09. SOLD NOWHERE ELSE. AMES S, COWARD, 74 Greenwich St., near Warren St.,.N.¥. Mall Orders Filled. SEND FOR CATALOGUE, for m flat or e the Flatw and Apartments to Let advertizeme| im to-day’s reat Want Directory. A GUARANTEED SPRING MEDICIN At this season of the year there isn’t a man, woman or child in New York who docs not need a medicine to purify and enrich the blood, to induce an appetite, to promote diges- tion and create strength, and we are safo in saying we have never sold anything in our store equal to Vinol for this purpose. VitTol The new cod Ilver oil Tonic. As delicious as a fresh orange. This new way of administering the vital principles of cod liver ofl h wrought a wonderful change in 3 fleld of medicine, There {8 no n to take greasy oil, emulsions or pol- sonous drugs to purify and enrich the blood and create health and strength, for we guarantee that pure, simple and delicious preparation, Vinol, will do tt, or your money will be returned without question or red tape. RIKER’S DRUG STORE, cor, 6th Ay. and 23d St, HEGEMAN &'-0., 200 and 208 Broadway, 200 West 125th St,, 1917 Amsterdam Av, J, JSUNGMAN, 1020 Third Av, and 428 Columbus Ay. KINSMAN’S DRUG STORES, 125th St. and 8th Av., 601 8th Ay. —_———_—$ ‘SUNDAY WORLD WANTS. WORK MONDAY WONDERS; Sa 4