The evening world. Newspaper, May 25, 1904, Page 16

Denies that Companies Have ~ Mutual Understanding on the ._ Freight Rates. ENTITLED To BIG ). PROFITS, HE ASSERTS. a Br Badgered by Lawyer Conduct- “ing Inquiry, He Loses Temper - and Returns Snappy Answers _ to Questions Asked. Président William H. Truesdale, of the Delaware, Lackawanna & Western Railroad, was the central figure in the ©oal hearing to-day before the Inter- Ptate Commerco Commission. The op- Posnz counsel hud taken its fling Bgninst Geofge F. Baer yesterday, and thus disposed of the most noteworthy elaracter in all the coal cases. ‘When the hearing was resumed, E. C. ‘Hobbard, of the Guaranty Trust Com- pany, secretary of the trustees of the; Fponds and stock of the Temple Iron Company, which !s the generic name MXOF the six coal operating railroads, “took the stand. Mr. Hebbard was held f'a witness but a short time, giving d president who is ond in importance in the coal cases ly to Mr. Baer himself. Price Circolurs Es plained. LMG. Truesdale was first asked to ex ‘Blain the common prices in the circulars fof the rallroads, Mr. ‘Truesdale sald wre was no understanding or agree- Tment on the part of the raflroads. “One ed ieh fixes the price,” he A iS, “and all the others necessarily had foliow because merchants are not tigh enough to pay higher rates when wer prevail,” | Mr. Truesdale admitted that freight tes were determined by the boa aging the railroad to extend over riods of time befcre the circulars were sued, and that discount rates for tho . (Four on the circular rates were also de- termined, Badgered by Lawyer. Mr, Truesdale, after being badgered Clarence J. Shearn in reference to foemer testinviny In Agreements betw: Herding. the Delaw Wh the Lehigh, displayed his first show “unger. He snapped at the attorney “Any intimation that my road ever entered into an agreement with the other companivs is uatounded and @ny sich declaration a falsehood.” “‘Pruesdale said it was impossible for Himself, Baer and Thomas, who ta ‘ent of the Lehigh, to control the tlde-water price of coal Rard to alleged Philadelphia & Lackawanna “Hut don't you do it?” asked Shearn. “No, sir!” fairly shouted Truesdale. Com ns in prices and sales were ; aur “frawn between 1901 and 1903-1902, the vear of the strike, being eliminated— and although the Increase In cost of mining prevailed, {t was shown that the wrplus in profits was very much greater, Truesdale nttributed this not to anv arbitrary raising in the price of coal, but the natural market tonditions. Wanted Bigger Profits. Shearn wanted to know if the 000 surplus of profits over the 7 cent. dividends in 1901 was not ugh. and why the price of anthra- should be raised 50 cents a ton In b bringing to the Lackaw Of $4.258,000 In that EK ear, eadale resented the questions and wAnihracite coat “Anthracite coal is a manufactt Praduct. “It haw to be ‘prepared tee at slaboraie and extensive system, ‘That| Boal as it goes to the mauket is subject fo w shrinkage, We can't “get one- pf the prices when the screening proc takes place. All these things muat be | considered before you pass Judgment on the reasonableness of the. charges. You can go along the line of Lacka: Wanna and vou won't find one person suffering on account of the price of $ @ ton at tidewater. We are entitled to Some of the general prosperity, ‘The in- Gustries of the country have gone ahead Why should we have a check put upon our activities when they interfere inno Way with the general good?" SS BAS TIP PROVES BOOMERANG Tammany Men Buy Stocks and Wheir Profits Are Turned of. When three Tammany Senators and two Tammany Assemiblymen received fhe: tip that Mayor McClellan would the gas bill they sent thelr good money into Wall street. Presto! up went gas stocks, and the { many lawmakers discovered to Rheir joy that they were $7,000 “to tho "Parley the bunch and let it stick tor another raise.” they exclaimed: ana rinelpal and profit were left with the prokers for another plunge. Floyd, < ‘That afternoon the brokers, word & Co., went to the wall, and ie Legislative bank roll went to the ee | BANK LIKELY TO RESUME. CAPE MAY, N. J., May 25.—Recelver Hoerdt, of the First Nationa! Bank, of this ‘city, which closed yesterday, sald to-dag that the bank would probably fesume. It is said that President hyaick acted hastily in asking that @ Comptroller of the Currency send ® bank examiner to take charge of the Inetitution. Watch This “. Record Grow. COMPARISON FOR HELP-SEEKERS. WORLD. WANTS: SoFRE SUPREME, -' ALL PAID ADS. t The 13 Other otal for First, dlones comptes, 44 Days of May.1 74,16 7967 , May is, 1772 1538 toon, May 16, L1GG 213 Ayescay, May 17, 1469 454 ve May 18, 12QOOQ 498 urs., May 19, 1147 454 » May20, 7QO1 335 pMay21,. 575 212 May, May22, 1OO4 1479 nday, May 23, 1098 239 a 14,1474 428 25, ASU YL 478 O987 14297 — ————— Out-of-Town deliveries HATS TRIMMED FREE OF CHARGE. Prepaid purchases of $5.00 and over ZI TBR HH RNS Mail orders filled unless otherwise stated. Write to-night for whatever you require; though not PRIMEY delivered free to nearest railroad station in Maine, Massachusetts, New Hamp- shire, Rhode Island, Vermont, Con- necticut, New York, Pennsylvania, New in the advertisement it is surely in the store — and you are certain to save Jersey and nearby resorts. An unrivalled shoe challenge. We have just bought opportunity of providing themselves and the family with these HAN HALF PRICE. Oxfords, Strap Sandals, All the late and most approved styles for men, women and children, all sizes. (No mail orders. To accommodate the crowds and make rapid selling we have divided the lots into hour sales: satisfactorily fitted. From 9 to 10 o’clock. From 12 to 1 From 2tos $3 and $2 shoes, 69c. o’clock. o’clock. ‘Women's $3 to $6 shoes, From 11 to 12 o’clock. $3.50 shoes, $1.90. Women's high-grade Oxford ties, in patent coltskin, vici kid, Russia calf and Russia goatskin, widths from A to E, sizes from 24% to 8; Goodyear's welt and hand turned soles, high Cubanand military heels; neat and dressy; all the new Shapes; $3 and $3,505 J .90 value; challenge price. A stirring sale of men’s suits less than half price. All-wool suit, ie Men’s new summer suits in light and dark colors, neat plaids and stripes in all-wool tweeds, cassimeres and Scotch cheviots, tail+ ored in the best possible manner. All smal! odd lots are lumped into one large assortment for quick selling......-+ssseseees Made to sell for $10 and $12, Sale from 9 to 1 Only. | BROKERS USE B.A.T. TO RALLY STOCKS New York, Operators Working Against Out-of-Town Men for a Higher Level Manage to Lift the List. About as little outside buying was traced in the stock market to-day as on any one day in a long time. The com- mission house ~ business a whole about as uninteresting, of the rates at which mon: in Wall street. and caused a slight upward movement Brooklyn was slightly better and led The stock was in some Ing seethed really to be better than the selling. The earn- Ings of the road are large enough to the advance. demand and the bu satisfy the friends of the management ‘The business peing done surpasses all and this alone ‘s good other years ise Many to buy the stuck, enough to ca There was one feature that soon gave encouragement to the traders who be- lieve in a rise, and that was the re- crowd for to-day's delivery. cates that the tactics employed during the last two days is having its effect It 1s beeved In quarters where market movements are closely studted that the recent decline was engineered for no to increase the other purpose than short line. London houses sold about 7,00 shares during the first half-hour, when there was a difference between local and Lon- don prices varying from 1-8 to 3-8 of point. After this spurt the buying and selling for London account was merely nominal, It was noticeable that the sellers of stocks have been to an un- usual extent houses with Philadelphia and Chicago connections. ests -have market, Brookly: Quite t $10, America. 350 pairs of women's turn and welted shoes, Oxford ties, to 4%, A, B, C widths only, some worth up to $3, none worth less than $2; challenge price............ Women's patent leather, vici kid and Russia calf Oxford ties, shoes, strap sandals, and Russia calf; nearly all and di nearly all sizes; every one can sizes; regular $2.50 ibgemsisetly Sey ae be fitted in this lot; regular $2.50 an $1 to $4 values; chal. J 25 aly ah Ga soiih $3 value; challenge price... watts lenge price...... e % was smaller than for some time and the market a To offset the $2,500,000 of gold to be shipped by Lazard Freres to-morrow there was the recetpt of $2,300,000 of gold from Japan at San Francisco, which gave encouragement to those few who still |} watch gold exports and imports instead] At 7. & 2. F y is lending| tia! money by ordering during this great Challenge Sale. Biggest sale of the season. Less than half. 000 worth of the most dependable shoes from two of the most reliable factories in They will be placed in the great CHALLENGE SALE THURSDAY, AT 9 O’CLOCK. The sale will continue until the enormous stock is disposed of. The news of this splendid supp!y will be greeted with enthusiasm. Lovers of. real bargains will revel in this rare high-grade, thoroughly well-made shoes at LESS High Shoes, Beaded Slippers, Men’s Shoes. Every pair carefully and one C. O. D.) Men’s $4 shoes, $1.25. 350 pairs of women's high- Grade shoes and Oxfords, all leathers, made by the well-known maker of high- grade Philadelphia shoes, Alfred Mayer Co.; this lot contains all samples and bench-made shoes, narrow button and sizes 2! 69c lage; 250 pairs of men’s high-grade shoes, made by the well- known Burt and Packard and James A, Banister & Co. and other well-known makes, consisting of French calf, patent leather, vici kid $2.50 and $3 shoes, $1. most all feet in this lot; $3 to $6 values; $2.25 challenge price From 2 to 3 o’clock. Boys’ $1.50 shoes, 75c. 200 pairs of spring-heel shoes for little men, satin calf and vici_ kid, neat and dressy, well made throughout; ex- Erom 12.to 1 o’clock. $1.50 shoes, 69c. From 1 to 2 o’clock. Boys’ $2 shoes, 98c. 300 pairs of boys’, youths’ and little men’s shoes, satin calf, with English protected back straps; every size and 200 pairs misses’ and children’s pat- ent leather strap sandals, well made, smooth inner soles, com- fortable toes, ornaments on width; sizes from 8 tension soles, Eng- : 69 to 534; $2 value; 98 lish back stays; straps; challenge price..... c challenge price .... Ic ack stays; T5¢ challenge price A grand clearance of boys’ suits at half price and less. We challenge the whole retail world to match these prices. Boys’ $1 wash suits, 50c, Our showing of boys’ wash suits is the largest and most complete in thé city. Every strong weave, every desirable fast color is among 50 them. These are all made in blouse effects; sizes 3 to 10; chal- Venge:pricesccc.sccssseseee 1S ecacichyack 00 Boys’ $3.50 suits, $1.45, 321 sults of all-wool fabrics—the trustworthy sort; all in pleasing patterns; cut in double-breast- ed and Norfolk styles. The make {s unsurpassed; patterned waistband, all seams taped, and every vital point strengthened. Every suit guaranteed; $3.50 value; challenge 1 45 PHCOY eanawectsinsiarswseanosiorunes sy + Boys’ $5 t» $7 suits, $2.98. This is less than half their real worth. very latest styles in three-piece suits, double- breasted, Norfolk, Ltons with bloomers, Kussian Suits and sailor blouse. All the best 2 fabrics and most approved styles; The S29 challenge price ....eececeeeeneeeens IMPROVEMENTS ON ELEVATED LINES STOCKS DULL ON THE CURB. Atchison. In fact, there seemed to be more long stock for sale in this issue than in any other. The dividend has Just been paid, and it will be six months before another dividend, so those who have the stock feel that it.can be sold and bought back a month or so before dividend time at a substantial reduc- tion from the present figures. Standard O11 Shows Gain, but Other Leadern Lone. The outside market closed very dull to-day, with prices a shade over the lowest of thy day. Standard Ol! showed a gain of a point, it selling at 614. the early disturbing Northern Securities was off 3-4, ‘as believed to be part S s bleeds of a plan to encourage short selling |Conference Between Railway Greene Copper and General Electric Pennsylvania was also weaker than| rights were for some time, Copper late in the day. | after the announcement that t 8 of the metal had been cut agadn sirengih and. advanced raghe Tt scon showed a net gain over last fractionally [Did and asked’ pric tee outside securities were: lower, The f the principal Commissioners and Chief En- gineer of Manhattan Lines— American Can American Can th night of 1-4 of a point. The et i uben be, st closed with prices generally higher, but New Stairways Promised. Sreene mene 1538 business was lHght ue General Ele , ue = Anterboro atl The total sales of stocks were 210,500| A long conference between the State |New Ories : oa shares and of bonds $1,240,000. Rallway Commissioners and Chief En- |New, Orleans i 264 —_——— xineor Pegram, of the Manhattan Ele-|Ous wevatne os The Closing Quotations, vated Railway lines, was held to-day at Sis wievator Bi 83 . lowest and closing prices! the New York offices of the Commis-| Seaboard Alr Li bert chanker from. yesterday's. closiny Eeaboard Att ; ‘or from luat recorded sale are aa fol" |sion over projected Improvements in the Air inion Copper, White Knob Copper ee oe LONDON STOCKS LOWER. Americans Improve After a Dnll Opening and Close Irregw o Sa FSAH elevated station service in this city, Commissioners F. M. Baker, J. M. Dickey and George W. Dunn were pres- ont at the conference At the close of the conference Com- missioner Dickey, with Commissioner Baker, made a statement in which he Net Amal, Am. Smelt. & Am. 8, & R Copper Ret pt. + This announcement came late and caused a slightly better feeling and gave the bulls some encour- agement, which they took advantage ot wed demand for stock In the loan} Tenn This indi These inter- been trying to depress the wile the local houses have been working steadily for a: rally, tains) De @ lot of long stock came out In said: “In accordance with the recommenda- tions of the Board the Interborough Company has ordered the widening cf the stairway of the Hanover square sta- Uon of the Manhattan Elevated road. It Is probable, we are told, that this improvement will be completed in July. “At Houston street and the Bowery the company has been and is now ne- gotiating with property owners for con- | sent to enable them to build two addl- { tonal stairways, settlement and month-end requirements, rie Erie int pt Erle 20 pt Hitnois Central | Louis, & Nash Met, Securities versel ected OPES RE Ser FE EE FF ea be completed by September, There an escalator will be put up,” Commissioner Dickey was asked | about the Imprpvement of the station }] on the uptown side of the Ninth Ave- | nue Elevated at Cortlandt street. FEE —_—— WHEAT MARKET, Unloading, poor cables, Tron After opening 2 points higher to 4 points lower, the market rallled on cov Charles C. Burlingham has been ap-| ering by local operators. Following the pointed receiver for the firm of C, W.|C@ll there was strong pressure on old Stansell & Co., stock brokers, at No.| crop months, believed to be from Wall 50 Broadway. An involuntary petition| street, Trading was fairly active. in bankruptcy was filed against the| The opening prices were: May. 12.77 firm, in which the combined claims of] bid; June, 1293 offered; July, 18.00 to ry es 3-8 the creditor aggregated $1,745, 12.01; August, 1286 to 1257; September, |July, Ook; Beptember, 681-4. The assets of Stansell & Co.,are est{-| 11,83 to 11.84; October, 10.89 to 10.90; De- | Chicago's plasing prices were: | Corn. mated at $2,000, The receiver's bond! cember, 10.79 to 10.80; January, 10.82 to|tember 478-8 to 471-2; December, 4 was Nxod at $5,000, 10.58, Did; May for 1905, 42, Claims of 841,745 Filed Against C, July, 541-2 offered, W. Stannell & Co. —May, % bid; July, 853-8 to 861-8; Sep- ferber, 85 3-8 to 81-4. Corn—May, 47 to 471-8; July, 471-2 to 475-8 to 47 September, 471-8 to 47, York's clos! ew. Yor! ing prices Wheat—July,* 911-8; September, em 3-8. | Corn—May, wel Bid. Asked Ye hs LONDON, May 25.—Money was In bet- ter domand in the market to-day tor Discounts were sympathetically firmer Growing Store. co VOY TE 2 he shee Double Blue Stamps Until Noon To-Morrow, Single Stamos, as Usual, from Noon Till C osing Time. er? éo. bacisiaction Guaranteed to Money Promptty Refunded. Tremendous Rug Sale at Money Saving Prices} A Wonderful Offer—$27.50 Axminster Rugs, $17.50. Smith’s Well Known Axminster Rags, sizes 9x12, Sold Eberywhere at $27.50, closing out because we habe only one pattern, a beauitfal Turktsh design, spe- ctal, at.... $9.00 Dining-Room Rugs at $4.98. 25 heavy wool-filled rooms), slightly soiled, value sale at..... Oriental borders; value $1.00; a customer... low pr cushions. wi) Cane Seat Brace Arm Oak Din- ing Chairs, like illustration, heavy slat back, 3 rungs in front and two on side; value $1.50, spe- cial at 88c An extraordinary offering! rooms and halls «no piec- ing necessary). Sold at ex- clusive carpet stores at 90c.; on sa'e here all day to-mor- row as one of the greatest bargains on record at, per Square yard..... rete Smith's Axminster Car; value $1.35 per yard; sale price....... hall and stair patterns, per yard cial, per yard...,..++ special to-morrow a POLICEMAN SAVES LIVES OF WOMEN as Frightened Animal Dashes Down Ocean ParkwayToward Forty-Foot Excavafion. sixth street, Brooklyn, mounted policeman John Cullen, 10-foot ditch when the horse Mrs. Web- ber was driving took fright at an au- tomobile and ran away. Twenty-second avenue the horse bolted. animal without diftculty, ‘Then Mrs. Webber drove on. While crossing Foster avenue, an automobile frightened the horse again, nd: he dashed toward a deep excava- tion down the road. Cullen had ridaen after the rig, however, and spurred up his own horse, He caught the runaway horse by the bridle just as he was gal- and also on account of $12,500,000 of Treasury bills, which were tendered to- any. Operators on the Stock Exchange were mostly occupied with the settle- ment. A provessign of new loans nd- ly al first-class seouritles: receded at first, but partly re- covered. Home Ralls ‘were depressed on the traffic returns being disappoint- ing. ‘Kinericans opened dull, made'a partial, $f] "Phe improvements recommended by Boepna iy ua neeyement,. recmme nant: Bitneslocan Phirty« imate and closed easy “and Irregular. Penney wantin i re rd at Thirty-third street and/ Grea “unk was strong on’ Geen Readl: az | Sixth avenue, uptown side, will probably |croase in the traffic exceeding ex; pecta- tlons, Japanese were fractioially high- er. an absenc> of unfavorable crop news and some bear x 4 “That improvement, as well as a num-| pressure caused the market to opea tel a ec X| ber of others that are urgently needed, |a trifle lower. Corn declined about 1-4 +Advance, —Dectine, will be pushed by the Board as fast asjof a cent on the news that the strike eee ree possible." at Buffalo had been settled. ———=s New York's opening prices were: RECEIVER FOR BROKERS, ape BT meee ners) a eSRLTLAE 3 ber. 836-8; December, 881-4 Corn— Chicago's opening prices were: Wheat loping perilously near the edge of the oor three blocks he fugged at the horse's bridle before he could stop it. ‘The occupants of the carriage did not resume thelr drive again, but went home Ina trolley-car. $4,200 FOR A SHOVE. Jury Believed Conductor Pushed Boy from Street Cur, During the trial of a suit the Brooklyn of No. 53 Havemeyer street, was com- pelled to remove his clothing and exp nimaelt nude to the jury.” The jury's cxandration of a lump under the boy ¥ knee resulted in a verdict-in his Mfended a last the boy nd or hi leavine the car the sondy inn. he alleged, and he f is “company iy genuineness of the. Boy's infuries, thy eupon counsel for the youth orders SPY iine to expose his aurt in open cuurt Cee CUNARD WILL NOT MEET CUT. ining-room Rugs. 15 feet long by 9 feet wide (suitable for large $9.00, on Record-Breakin Only 50 of these Golden Oak ts, borders to mate All-Wool! Velvet Carpets, parlor, sitting room, Extra Super Ingrain Carpet, best qualit) Seizes Reins of Runaway Horse Mrs. Jennte Webber, of No. 446 Fifty- and a woman friend whom she took out driving with her this afternoon owe their lives to who saved them from being thrown Into a ‘The two women were driving along %|Ocean Parkway and when they reached Cullen gave chase and stopped the against Heights Railroad Com- pany in the Supreme Court In Brooklyn to-day the plaintiff, Joseph Mapolltano {| Sandy Hook, Governor's Hell Gato Ferry. PORT OF NEW YORK, A Sanitary Combination Hair with a six-inch border, in one or two parts, covered in fine satin ticking, to fit any size bed; special, Sale price... .seeeessss ++" Ue Quartered Oak Side- board, like il- lustration, carved head on top, carved front and 2 bev- eed French plate mirrors; value $20.00, at 12.75 4.98 Japanese Matting Rugs. We will place on sale 1,000 of these matting rugs to-morrow; all are 6 feet long and 3 feet wide, finished with 'inen warp, in beatiful only three to 50c 6 Furniture Bargains. $5.50 Morris Chair at $2.98. Morris Chairs to be so!d at this wonferfuily ike ’ 5 der arms and ice. Shown like illustration, with heavy turned spindles un} F can be adjusted to three positions. Complete w h reversible. denim Ps Worth $5.50; on sale at..... value $5.50; 79 900 Y: 48c $12.00 Japanese Matting at $6.75 Per Roll of 40 Yards. High-class carpet designed Japanese Mattin; blue and ok, in an immense assortment of per roll of <0 yards. gz, all linen warp and reversible. patterns, with no two designs alike. Usually sells at $12. 17.50 All-Wool Smyrna Rugs 4 Prices. 30xC0, va'ue $2.75, 36x72, value $3.49, 1 9 75 e at $1.49. at $1.93, 9x12, value $23.50, at. « Bromley’s Smyrna Rugs. Perfectly Reversible. 6x9; value $7.50, 7.6x10.0; value $11.50, oxi2; value $15, | 5.00 7.50 10.00 Mattress, made very 75 Go-Carts, like alustra- tion, close woven back and dash- board, full roll sides, best steel unning , vear, green enamelled with gold stripes, with parasol bracket and foot- brake, value cial at. $11.50; spe 7 50 Gork Linoleum, 4 Yards Wide, at 50c. Sq. Yd. 12,009 yards of XX, Cork Linoleum, in a variety of beautiful in- 5 laid and tile effects, suitable for offices, stores Sampson’s Floor Oilcloth at 19c. a Square Yard. The name of Sampson is synonymous with the very best grade of oilcloth, and when you cam get this repu'ar 30c*, vilcloth at 19¢., you ought to come here in remarkably quick time. Shown in 4-4, 6-4 and 8-4 widths; 30¢. Cc value,on sale to-morrow at, sa.yd, A Sensational Sale of Garpets and Matting. All-Wool Brussels Carpets, per yard, 69c., 65c, and ” 5 59c 39 10c 6.75) aris of Reversible Brussels Stair Care pets, 27 inches wide, yard...........+.. 1,000 Yards of 18-Inch yard... Stair Carpet, at, per Colors such as red, green, JAMES McGREERY & CO. Dressmaking Dep’t. 3rd Floor. On Thursday May the 26th, The remainder of this Season's Imported Gowns will be placed on Sale. At greatly Reduced Prices, Twenty-third Street, Yesterday we announced that we would not sell, Carpets at the prices printed on Sunday last unless we could secure another consignment of : Alex Smith’s Carpets. BROOKLYN. We have the Carpets, but to get them had to take a tremendous quantity, and must turn them into cash quickly. To accomplish this we offer them for the balance of the week at prices lower than carpets can be bought anywhere else, and ; (Make, Lay and Line Them Free, SHIPPING NEWS. ALMANAC FOR Sunrises. 4.95/Sun sets, 7.18|Moon sets, 2.22 THE TIDES. High Water, Low Water. AM. P.M. AM. P.M. Isha’ s ARRIVED: LONDON, May %.—The Cunard Ine | Qe officials in London say they have no intention of meeting the cut in steer- age rates to 310 from Liverpool to the United States, by made by the Red Star line. They PI yume it is. eee, ive of the jand are not bef of Boulogne, | fi! re: TO-DAY. 350 dee 424 5.00 G17 653 INCOMING STEAMSHIPS, DUE TO-DAY, Kansas City, nah APMCt® Jecksonvitie: OUTGOING STE: + BAILED TO-DAY. S| wre pe Wn New Oresing, Merwhant Pr, ‘Galveston. Cearense, : tj} United stare Denmark. “Uraguay.