The evening world. Newspaper, February 24, 1909, Page 4

+ STEEL PRES CUT Y TRUST IN ITS —-e New Rates Lower “Shapes” $6 and Bars 34 per Ton to Consumers, TO REDUCE PIPE COST. “Insiders” Cleaned Up Great Profits in Stump of Market. New quotations given to varlous steel consumers by the United States Steel Corporation to-day were $1.9) per hun- dred pounds for shapes and plates, and $1.20 for bars; This represents a reduc- tion of $6 a ton for steel shapes and of a ton for steel ba It is reported also that the corporation may reduce steel pipe about $10 a ton Following the wi strous slump of yesterday, the stock market opened feverishly to-day, but with less violence than was expected, Some lines of se- | jjeyed by those in a position to know curities showed substantial recoveries from the panic prices, while others con- tinued to slope off. It is generally concluded that the mar- ket is in the hands of the men who were on the inside of the Steel Trust teounsels, in which a cut in the price of stee] was determined upon, These In- “eiders by dumping their holdings on Friday, when the first reports of the impending steel war were allowed to @scape and on yesterday, when the threat of a wag der to influence impending tariff legis- lation, procured immense profits, Unloaded Stee! Common The old, time tried and always suc- cessful operation pursued so success- | «fully by the big gamblers has been jworked again. Steel common has been unloaded at the top by men who bought {t months ago at the bottom—around 21 and up to 30. When the insiders are rid of their holdings and the price is @own the general public will become pantc-stricken and begin to sell, where- upon the big gamblers will calmly buy the stock in again at low prices and proceed to force it up for another sale, The impending tariff disturbance was foreseen by the gamblers long before the political conventions of Iqst sum- mer, ‘The plan of campaign the Steel Trust is now waging was thought out before the first snow fell. This mar- ket disturbance came as no surprise to well-posted traders. The London stock market, which Ope! gan to-day with marked recoveries from | the low levels reached by American se- London was reflected here. opened up 11-4 points; St. Paul, Balti- points advance, . New York Central, | Canadian Pacific, Smelters and Erie showed declines under jast night's clos- ng, United States Steel preferred | opened strong and continued so. Trading Brisk at Opening. Trading was brisk and there was a Jot of confusion in the first hour, The gales of stocks amounted to 629,900 shares. Toward noon the general list | strengthened perceptibly, but the whole | Bpeculative world Was on edge wai! ‘ne | for the next move of the Steel in- aiders. National Lead announced to-day a ope market, following the example of nited States Steel. This means that are will soon be a substantial cut in lead and lead products. Observers of the stock market, as it !s related to alitics, see a general plan of industrial isturbance calculated to reach its height at about the time Congress as- gembles in special session to consider a revision of t are, os LEATHER CONPANES HAVE $2780.00 The annual m holders of the ¢ Leather Com pany and of the States Leat Company were held to-day at the fice ir No. The b Btates Li of tha stock- Darlington nual repo 89 No. Il. SETS Z “The ssucsl PE way io hi a womens ( art a [in excellent health last Friday, when he | TAFT PUTS THE MACVEAGH GETS READY TO hcAD U. $. TREASUR cago Report. CHICAGO, Feb, &4.—That Franklin MacVeagh, of Chicago, as previously In- Umated, will be Secretary of the Treas- ury In the Taft Cabinet is believed by Mr. MacVeagh’s closest business asso- clates, The fact that he broke his custom of years In not attending the last meeting of the board of directors of the Com- mercial National Bank, of which he is chalrman, is regarded ag practically conclusive evidence of his acceptance. Mr, MacVeagh personally is non-com- mittal on the subject, but the absence of a denial at this late date ls regarded as significant, He was in the city and remained away from the board meeting. In order to qualify for the portfolio it would be necessary for Mr, MacVeagh to sell his bank stock and sever his offi- cial position with the institution, That he Js quietly preparing to do so is be- ———-——. LAST TOUCHES ON HIS INAUGURAL, jpressing a determination to see the Pres: | was made by the |ident-eleot. It was explained to him that United States Steel Corporation tn or-| Mr. Taft was attending the funeral ot |man, “and my business with Mr, admitted s tb shall.” Hanudlug the card to the bu he directed that it be glven to Mr, Taft upon his arrival. When Mr. Taft reached the house a few tulnutes later with his Secret Service fuard the stranger had disapps Service men are wat! celve its final revision this The address will outli oughly the policies wht min thousand Choate remained only a few minu five hours eariler than ours, be- | for the public. duced {ts clat th A wild-eyed, shabblly dressed crank created a little ripple of excitem the home of Henry W. Taft to-day by walking up to the front door and ex- President Roosevelt's nephew. “I am a reporter,” sald the sh ortance, I desire to be at I may walt for him.’ Admittance was refused. The man wrote on a card: ‘J. Ro MeMurry inka, gr w of John Mar- is of great im he Secret for hun, ess will re afternoon. pretty thor- he new ad- | tration will endeavor to carry out. | It will be short, approxtinately five res, oSe who called on Mr. Taft| red. Mr. Taft's inaugural Among t this morning and were accorded a briet|® were Joseph H, Choate and L. Woodruff. They saw the ent-elect after he had conferred Booker T. Washington. Mr He called In reference to some Fe legislation which he declined to discuss Mr. Woodruff's visit had to do with | Federal appointments In this State, but | 1 jhe was Informed by curities yesterday, This strength In | would not talk appointments until Reading | after his inauguraton. Upon leaving |the house Mr, Woodruff sald he did |not believe that Otto T. Bannard more and Ohio and Lilinois Central, 1| would accept the post of Secretary point, and Steel common from 7-8 to 11-2 | of the Tega Tiler AI IN SUGAR GAT FRAUDS. eur 1 am, NEXT PRESIDENT LEAVING HOME OF BROTHER TQ-DA Letting Bank Stock Go to! | Remove Legal Bar, Is Chi- STOCKS SUPPORTED SHOW GOOD GAWD Pacifics and St. Paul Lead the} Lifted by Rally of Steel and Reading Supporting orders J a continuance of the liquidat- Reading well backed, most of ers showed gains and Steel at 41 b?, turned their attention | Union hy if Mr, Taftt that he | stocks on the rec e & Hudson and eel, General Elec- ‘Island preterred, United States Steel The total sales of stoc shares and of bonds 8 were 1,300,600 | COL, COOPER ON STAND DENIES ft SHOT AT CARMACK Drew Pistol, but His Robin | Got Weapon Into Play First and Senator Fell. NASHVILLE, Tenn., Feb, %4.—The isual big crowa gathered at the court- ouse to-day, anxlous to hear the cross- examination of Col. Duncan B. Cooper, on trial, with his son, Robin, and John D. Sharp, for the slaying of former Sen- ator Carmack. As Col, Cooper walked to the witness chair he passed his youngest daughter, Mrs, Beverly Wilson, who squeezed his arm affectionately, Gen. Washington took up the line of questioning where he left off last night. Col. Cooper sald as they approached Seventh avenue Robin and Sharp were} in front of him. “Robin turned and urged me to hurry. T told him to wait a minute, He and Sharp stopped and I caught up. Then he grabbed me and said: ‘Let's hurr! papa.’ ‘The nervous gracp of his arm aroused my suspicions turned and saw Senator Carmack, In- a plain talk with Carmack to see If this affair which was worrying my friends, my children and myself could not be stopped." The Fatal Meeting. “When you started out did you pro- to meet him? sir, The impulse came over me t once when I saw him to xo over and alk to him.” “Now téll what happened in your ‘Well, L saw Senator Carmack comin up. First L thought I would wait for him. Then I thought that might carry some significance, 80 1 walked toward im. IT saw him speak to Mrs. Eastman I said, ‘Mr. ack.’ He threw up his ead as though he had not seen me, and at once drew his revolver and stepped in front of Mrs. man, pulling her between us and stepping toward the curb, He was five or six feet from the arb when [ called his name. “What next?” “He had his pistol in his hand, and he passed in front of Mrs. E n, who became wildly excited and grabbed ‘id man who was with her, I had m no hostile movement." What did you say?" I think I eald that ft was wardly to get behind a woma pistol in his hand."* Did you have a revolver ¢ Not at that time. “Did you have y purpose of shoot- ng of ‘killimg him? Carmack Fired First you say, ‘I havo the drop on T did not." “What aappened next?” “Well, Senator Carmack got around the post and at the same time Robin got in between us, In a second Car mack shot between the poles and got around them. Then for tt time [ saw Robin's revol him shoot you have your pistol out?” ot until after Robin was shot Then I drew my revolver; but I saw Carmack was down and that Robin was so I put my revolver back in my pocket “How many shots were ive tn all “What next?” i saw The MAA Prices, To-dav's highest, stocks aud of ne plify Case Against Trust on | Trial Before Judge Holt. The Government's lawyers to-day re- s for dd#mages 4 ugar Refining Company 410,000 In the alleged 4 sult on trial before niswelgh Judge Holt tn Court Assistant Dig t-Attori Dennison made the ann ent and sald that t vues of the Strat ASe, ex- two truckloads which the spe- al geents had ordered re- no W. E. Foster, auditor of thé Sugar Trust, testified that the American Sugar { ‘ompany had paid the Govern: 3 Refinin ment on t duty of prosecutor average an 1 import PALLUGEAR RS FOR DR, BULL. Mrs. W sull, widow of Dr ssued the following statement whole medical « Dr Bull's tiness t imposaible 5 friends to prefers that this ntacily u Mertaken by the tatives of t * organizations h Dr Bull was mber and who. fa vay be able to be present at his funeral 4 ainst Brooklyn ed States Circult | © tn Bend for aur book, UNIVERSAL BRUSI On Charge tor tt. thie Pho “Bret "Meaoenaee the city unt © P.M “Robin attracted my attention ey. = him to Dr. Reld came my prison to my revolver tien, and gave it to him, Was that gun still unfired?* “It was “What about Robin's pistol?’ “Some officer otlier than Reid got tt told me the gun was in his pocket. I do not recall get- ut.” Do ya he room, th ‘ou did not want I do not ‘Did Mrs tion against “T know s my Registered Trade Mark [suit or petition fled by, J. KR. and Jin it. He sald he we | brought into a case against a man's | character.” intuitively [/ done and Fitzhugh resur fendant, Col. D. B. Coop stantly I decided to go over and have} _THE EVENING WORLD, WEDNESDAY, FEBRUARY 24, 1909, Was centered in Robin, and only @ vague ose wf hee as an excited woman talking Cooper's Earlier Life. Capt. Fltahugh, of t [kan a CrOSS-ONATY at the yah ten a forwa t ate ery word, The attorney asked t olonel al few fusstiong an th his earlier career, and then, handing him some pat “Are these bonds executed by fal in 1870 Phey ard.” The defense objec permitted t “They we and master “th Fitahug given when Col, | Chancer | The v 1, but the Court | is you gave as clerk do aggregated You have the sonia d-the bonds, They were ‘ooper was Master {ni ‘athey against 1}, B. Cooper and a it he were the D. B. Cooper mentioned The defense objected vigorously. “Didn't you confess Jud ane on this tion and the charges therein The record will show that Ido not ember.” The witness examined the Papen and) d that the State Next Fitzhu the bill and put the charge t The defense objected, but was over ruled. “Are you not charged with appropri: ating to your own $ pro. ceeds of a sale of land, you not confess judgment? "Don't answer,” interrupted Judge Anderson, "This incident occurred in 1883, and the Supreme Court has held that’ charges very remote may not be All the attorneys for the defense ar- gued against admitting the charges, Called 2 Defaulter. ‘The State replied through Fitzhugh, but after the first sentence the defens: demanded that the jury This we We propose to. show faulter and an embezzier of over $10.00. We pr this beyond doubt, an the Jury just » to. pro’ 0 show ther and prove his own, brothe admitted that the | recall saying to keep people | isa Aetautter We purpose to show that t from wido for him and tor yo made the charges. ‘Attornéy-General MeCarn ngh and declared that th these dishonest 1 1883 down to 1Y0S, an reniote. son replied mean to say, that you have orials written by C: as tending to sh was driven upon his troduced then eof mind, not as a justification for slaying. For two ve att ily Judge Hart suggested that the Suate turn over the char against Cooper to the defense. for exarninatior ‘ou neys argued jand that an adjourriment be taken. The ion was adopted, LATEST aoey ANOTHER 5! 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James McCutcheon & Co., 5th Ave. & 34th St., Opposite Waldorf-Astoria lay, Two |nineteen—are stil in a serious condt- Jtion, but physicians of the Long Istand * GAS PIPE RUSTED ~ HIGHT NEAR DEATH BY SUFFCCATION Escaping Fumes From Hall Filled Bedrooms—Danger in Other Houses. Fight sons and daughters of James Dugdale and his wife, Rose, of No. 72 Second street, Brooklyn, narrowly es- aped death from asphyxtlation early to- voretta, fifteen, and Joseph, College Hospital say they have a chance for recovery. An old gas plpe, so rusted that the yas forced Itself through, caused all the trouble, and the narrowly averted trage- dy points out, old residents of Brooklyn ceclare, a menace due to si ar condi- tions in many old houses and tene- ments. The Dugdales Mve tn a two-story brick dwelling, and all of the family sleap on the second floor, The front room 1s occupied by the parents and the other three rooms by the children, Dugdale awoke at 7.30 o'clock when he heard a commotion in one of the other Investigating, he found that lie, nine, and Mamie, twelve, were ill and in a semi-consctous state. Gas He threw open the vse, thirteen; Elizabeth six, were all in a dazed ad violent nausea from dale ran into eman to sum- ng Island Col- | ed the uncon: | in bad si k had been re Howing through the | it was a long time before it | the leak was old e lower front hall. The it wouldn't have taken for ail of the eight to d. The par ir door open 1 into Owing to Tuesday's incle- ment weather, the STU- PENDOUS SALE of OS- TRICH FEATHERS, WIL- LOW PLUMES and PARA- DISE AIGRETTES will be continued for balance of this week at same prices as ad- vertised in Monday's papers. See Window Display A Twenty-Third St., West Near Fifth Avenue Month's End Sale of PIANOS Taken in Exchange | { Sold on such easy terms as A Small Sum Down And a Small Sum Monthly | The Sales for this week include: On Sale Thursday, Feb. 25 1 Chickering ........,....$250 1 Steinway fi 5 Ye ate fi hitcafp Women’s $15 8: 75 e RAINPROOF : — 1 Krakauer. 1 Light on 1 Laude & Haynes, 1 Mowtarch .. 3 Imperials.., I Fischer......44+ inway.. ch ckering vackatde Webers., j { ' ! is 3 Wever. $150 Pianola Steinway Crawford. . De Rivas & Harris, 9 Imperials. B. Altman & Co. IN THE LACE DEPARTMENT HAVE BEEN RE. CEIVED ADDITIONAL IMPORTATIONS OF METAL AND COLORED NOVELTY LACE EDGES, INSERTIONS AND ALL-OVERS, COLORED LACE FLOUNCES AND EMBROIDERED NET BANDINGS. REAL AND SHACOW TUCK NETS IN BLACK, WHITE, "AND COLORINGS NOW IN VOGUE. HAND-EMBROIDERED ROBES AND WAISTS (UNMADE), IN EXCLUSIVE DESIGNS. 15,000 YARDS OF SCOTCH GINGHAMS WILL BE ON SALE TO-MORROW (THURSDAY), COMPRISING PLAIN, STRIPED AND CHECKED GINGHAMS, 31 INCHES WIDE, AND STRIPED GINGHAMS, 38 INCHES WIDE, AT THE SPECIAL PRICE OF . 17c, PER YARD 34th Street, 35th Street and Sth Avenue. oused the others. Teresa, | Loretta and Joseph | es- | bilipsborn THE OUTER GARMENT SHOP 12 West 23d Street Women’s and Misses’ Tailored Suits Entirely New Effects for Spring We present a most comprehensive display, em- bracing exact reproductions of original models from the fashion centres of Europe, and moditied conceptions from the leading American makers, We Are Especially Featuring THREE PIECE MODELS at 25.00, 32.50, 39.75, 45.00 up to 125.00 SPECIAL Three Piece Costume Suit, 39.75 Value 55,00 Fashioned of imported striped Prunella Cloth, in all the newest color- | ings. The coat is a hipless model, trimmed with Satin Royal and lined with Peau de Cygne, Costume is Empire etfect, elaborately braided—an accurate | reproduction of & new imported model, New ideas in Two Piece Tailored Suits at 22.50, 29.75, 35.00, 42.50 up .to 95,00, The feature in Two Piece Tailored Suits is a line at 25,00 that includes many effective models WN Dress Trimming JolaDaniell VEL TIES JUST RECEIVED a new importation of Dress Trimming Novelties, including the latest designs and colors in applique trimming. BUGLE AND SPANGLE TRIMMING, 1 inch to 9 inches wide; per yard, from ..... Lin. . 1c to 4.95 ALL OVER EMBROIDERED N NETS with band- ings to match, FRINGES in the newest shades Broadway, thand 9th Sts. ‘COMPLETE WO WU LYRICS BY a —