r ”IIIILIIII IIII MILLIONS. ___.__— Collapse of Men Who Promoted the Diamond Match Company. RUMORED TO HAVE LOST ALL Wild Scene at. the Opening of the Stock Exchange 'In New York City—The Bears Hold High Carnival—The Chicago Exchange Closed. NEW YORK, Aug. 5—The announcement 'that the Chicago Stock Exchange had been closed in consequence of the failure of Moore Bros. of the Diamond Match trust and New York Biscuit company had ‘a very demoralizing efiect on theNew York took Exchange today. The news came like a thunderbolt from a clear sky, and, arriving on the heels of the recent depression, operators were thrown into confusion. An unusually large attendance of bro- kers was present at the opening, and just as soon as the gong sounded the bears made a vigorous attack ongthe whole list. In the first five minutes of business up- ward of 25,000 shares of stock changed hands. proceeded to execute them without delay, and the result was a sharp break in prices all along the line. ' After the first ten minutes or so the heavy decline showed such inviting profits to the bears that a movement to cover started, and prices quickly rallied one-half to 2% per cent. ‘ Advices from London reported depres- sion in the market there in consequence of the failure of Moore Bros. ' Diamond Match, which closed at 224 last night, Was offered at 175. \ The efiect upon the New York stock market was not so severely felt as it would have been were the Match trust and the biscuit company’s stocks dealt in on the New York exchange. The stock is a Chicago specialty. p H. L. Horton & 00. say that a pool has been formed in Chicago for the purpose of taking all the Diamond Match stock offered at 170. A prominent firm of brokers who deal largely in Chicago stock were seen by a reporter. Their representative declined to allow their name to be used. _ Cause of the Failure. » “The cause of the failure,” he said, “seems to have been due to the recent de- cline in stocks and the general political uncertainty. The stock had been bulled to a high point, and when the present financial depression began those who 1‘ rd invested were unable to put up the net =s- sary margin. There is no doubt that the stock is intrinsically valuable, and that the Continental Match company, of which Mr. Gould is president, has little or noth- ing to do with the cause of the Diamond Match company’s failure. This dispatch Was received from Chicago by our firm this morning: “ ‘The result of the Diamond Match speculation has led to the closing of our exchange. Various bankers who have loans on Match and Biscuit and other 10- cal stocks expressed entire » willingness and determination not to call loans or ask for further margin if the exchange were closed, and it was deemed the safest course to pursue.’ “The Diamond Match company,” con- tinued the representative of the firm, “had completed contracts with the French gov- ernment under which it enjoyed royalties of $100,000 a year, and it was negotiating with the English government for similar privileges. The company was enabled by its patents to produce matches cheaper than they could be turned out anywhere else, and it was these negotiations which led to the building of the stock by the Moores and others The capital of the company was held in New York, New England and the west.” The Diamond Match company was in- corporated under the laws of Illinois and bought out the old Diamond Match com- pany of Connecticut. ~ The factory properties owned by the company are located as follows: Boston, Westville, Conn. : Wilmington, Del. ; St. Louis, Detroit, Os kosh, Wis.; Oswego, N. Y., and Barterton, O. . It also owns store properties at Balti- more and Philadelphia, and two large sawmills at Ontonagon, Mich, with 130,- 000,000 feet of logs and a large quantity of pine stumpage, which is tributary thereto. The patents covering the machinery em- ployed by the company in the manufac- ture of its products are owned by the com- pany. . . The News From Chicago. CHICAGO, Aug. 5.——The speculative deal in Diamond Match and New York Biscuit companiesIL stocks has come to an end. The Moore brothers have failed. The greatest speculation ever known in Chicago has. culminated in the failure of the men who were behind the deal. The CbioagoStook Exchange‘ stood ad- journed at 10 o’clock this morning for an indefinite period. This action was decided upon at a meeting held last night. It is not at the present time possible to make any statement of how large the fig- ures of the failure are or what its ramifi- cations may be. The Moores have un- questionably purchased an enormous line of both New York Biscuit and Diamond Match stock. It is estimated by those in a position to know that the Moore Bros. have lost betwoen $4,000,000 and $5, 500,000 in the Diamond Match deal. Some say it has wiped out every cent of their fortunes. —The high price at which Diamond Match has been selling makes the sum involved in handling it extremely large. The capi- tal stock of the Diamond Match company , is $11,000,000 and of the New York Bis- cuit company $9,000,000. and it is esti- mated that the‘ Moores have purchased half the stock of the Diamond Match com- pany, and their purchases of New York Biscuit stock perhaps bear as large a pro- portion to the total. William H. Moore, the senior member of the firm, is at present in the east. James H. Moore, who has been the im- mediate active manager of the speculative campaign, is in Chicago, but last night declared that he is not yet in a position to . make any statement as to the amount in- l valved. William H. Moore is the first vice president of the Diamond Match company and president of the New York Biscuit com any. James H. Moore is second vice pres dent of both. The Moore brothers are of middle age and lawyers by profession. Their business life has been passed in Chicago. Their first important venture in the corporation field .was: the organization of the Frazer Axle Grease company, which was a great suc- cess and which gave them a strong back- ing of rich men. Then flay organized the Diamond Advertite in the Guam Brokers who had “stop” orders Match company, which has also been re- markably successful. The New York Bis- cuit company and the American Straw- board\ company were organized by them also, but these have not proved profitable to the stockholders as yet. The Moores lost their hold on the last named company two years ago when the stockholders rebelled against their man- agement. The Moores were believed to be very wealthy up to the time of their fail- ure. . Those present at the meeting of direct- ors of the Stock Exchange last night felt that should the exchange open as usual this morning the bears would make a slaughtering of values which would cost a good deal, and in a large measure cause unnecessary loss. They believed that the closing of the exchange and the preven- tion of the making of speculative quota- tions for the securities would enable bro- kers having open trades to close them, and the situation could be liquidated to a great extent without the sharp decline that would surely follow the trading in an open market. Won't Affect the Match Company. AKRON, 0., Aug. 5.—-Members of tin Diamond Match company in this city say the_failure of the Moore Bros. of Chi- cago will not affect the concern in any way except to reduce the present market quotation of Diamond Match stock. It was principally through the efforts of the Moores that Diamond Match stock reached the recent high figures. Their large hold- ings will doubtless be sold at a sacrifice. THE CUBAN INSUBREOTION. Extension of the Decree filtering Re- wards For Betrayal offi‘i’busters. HAVANA, Aug. 5.—-.A decree published by Captain General Weyler announces that the crews of filibustering vessels, as Well as their captains, will be considered as exempt from responsibility and enjoy- ing immunity from punishment if they deliver up the members of such expedi- tions or cause them to be seized by Span- ish cruisers, in which case they will secure the rewards, $24,000 for-steamers and 89,- 000 for sailing vessels of over 250 tons. The police have surprised at number of conspirators with arms in ahcuse situat d in the Vivora suburb of this city. Three of the men were killed while resisting at- rest, and four others escaped. VALENCIA. Spain, Aug. 5.—-T has been considerable excitement . 'recent- ly occasioned by' popular de straticns against the action of the government in sending additional re-enforcements of troops to Cuba, and a number of people have been arrested for attempting by force to prevent the soliders from embarking on ' board the Spanish transports. LONDON, Aug. 5.-—The Daily Graphic announces that patriotic Spaniards living in the Argentine Republic have giVen a Clyde shipbuilding firm an order, for a cruiser of 4,500 tons to cost 81,600,0(0 and to be delivered in 18 months as a gift to Spain. TAMPA, Fla, Aug. 5.—-Gcneral Carlos Rolofl' arrived here from Key West and was given a warm reception by the C .- bans. The latest news confirms the' ports that General Suarez Inclau and. La stafl are prisoners of Maceo. The report of the death of D. 'Bruno Zayas, the in- surgent leader, in a skirmish at Gabriel, in Havana province, is confirmed. Zayas was an able Cuban leader. THE ELECTION IN ALABAMA. Johnston's Success Conceded by the Re- publican Chairman. BIRMINGHAM, Ala., Aug. 5.—-The latest news of yesterday’s election in this state, according to a statement signed by Wil~ liam Vaughan, chairman of the Repub- lican state committee, indicate that Joseph F. Johnston, Democratic: candidate for governor, has a majority of about 20,000. He says: “The usual count out has evi- dently been resumed to in order to defeat Congressman A. T. Goodwin, the candi- date of the Pcpulists and Republicans for governor. By this means the Democrats will probably secure the state legislature. The Goodwin state ticket has doubtless carried a considerable majority of the counties where the white voters are in the majority and the Democrats a majority of the black counties.” Croker \ans at Last. LONDON, Aug. 5. ——At the Ripon St. Wilfred meeting today Enoch Wishard’s b. g. George H. Ketcham ran a second in the race for the Clare plate of 125 sover- eigns for 2year-olds, the second horse to receive 5 sovereigns out of the plate, dis- tance five furlongs. There Were eight starters. Valide was the winner, with King Crow third. Richard Croker’s American horse Eau Gallie (formerly Utica) won the Patcham stakes at Brigh- ton today from five starters. Damage by Forest Fires. ”SAULT S'rs. MARIE, Mich, Aug. 5.— Muoh damage is being done by forest fires in this vicinity. Gladis, a station on the South Shore road, was burned, audits residents had to ties for their lives. Brim- ley was also threatened with destruction. Scores, of farmers have lost their homes and barely escaped with their lives. The regular South Shore passenger train out was compelled to return owing to the in- tense heat and smoke. Run on an Indiana Bank. WRITING, Ind., Aug. 5.—-—Rumors of un- soundness caused a run- on the private bank of Henry Schrage by Hungarian and Slav depositors. Though they had interest bearing deposits, requiring 60 days’ notice for withdrawal, Mr. Schrage met each de- mand promptly. The run was confined entirely to the foreign population, busi- ness men depositing as usual. ' —Adveriise in the Gamma. sculpts SCREAM ' My baby broke out with a rash. He would ‘ scratch and scream. It would take two to hold him, and one to put medicine on him. We had to hold him sometimes an hour before we could get him quieted down. All said that they never saw such a face or body on any baby as on him. I had to do his hands tight in a cloth, night and da , for five months. My sister had used CUTI- 07 RA, and I began to use it. After only one application, he lay down and ale tas he had not for a month, poor little fellow. c has not a scar on him now, and is as fair and his flesh is as soft as any baby. While he had this disease I had to cut the sleeves out. of his clothes, and put gauze underwear on him to keep him cool. I had to keep pieces of soft cloth around his neck, it was so wet with moisture from the sores. and I had to change the cloths sometimes ten or twelve times aday. Mas. A. HAYNES, Lisbon, N.,D. brnnv Cunt TBIATIIIN‘I' roe Bur Bunions.— Wum baths with Cartoons SOAP. and entle applica- tions of Currants (ointment). the great s in ours. - Sold throughout the world. Pen-n Date All) Cans. Conn, Bole Props, Boston, U. S. A. . THEEvENING'GAZETrn. J IIIII IIIILIIILIINIIIIISI Trying to Place the Blame For the Atlantic City Horror. THE FIREMAN’S TESTIMONY. ‘Mmltted That the; Signal Was Against the Reading, Although, Being an Express, It Had Right of Way. What the Telegrapher Says. ATLANTIC CITY, N. J., Aug. 5.—-The official inquisition, rigid and sweeping, which is to determine who is to answer for the destruction of 44- fellow creatures and the mutilation and maiming of as many more, was resumed today. There has been no change in the condi- tion of the injured at the sanitarium, and this is interpreted as a favorable'indlca- tion. The report from Bridgeton that news had been received there of the deaths of two more victims. Mrs. Kate Frees and Mrs. Lydia Carl, is a trifle awry, as these two women were among those instantly killed in the wreck. OEclals of both the West Jersey-and . Beading roads have delegated to the mayor authority to provide, at the joint expense. of the two corporations, suchthings as the injured may need and to assume in their behalf the expense already incurred by the City hospital in caring for‘ahe Wounded. When the proceedings opened, Nicholas Long, day tower operator, was recalled. Foreman of the Jury Evans-.questioned him. He said that when he came out of the tower at 6:40 he left only Hauser in it, and there was no other human being in sight. He had known occasions when the distant or cautionary signal had failed to work, but not recently. He repeated that on the West Jersey the home signal gave a clear track and the distant signal, caution, whil’e all those on the Reading meant danger. He had known Engineer Farr as a reliable and steady man,‘and the same could be said of Night Operator Hauser. . Operator Hauser’s Testimony. A buzz went over the room when George F. Hauser was called. He is 'a small, slightly built man of, 27 years, and the pal- lor of his face betrayed the mental trouble under which he has been laboring. He testified that before coming-to At- lantic City he had lived for two years in Philadelphia. He first came to thewtOWer on J une 30 last, having been formerly em: ployed as a motorman for the Union Trac- tion company, Philadelphia,-fcr 18months. Before that he worked ou'the Midddletown branch of the Pennsylvania railroad. He had been in this company's employ about two years and a half. - He was on duty on Thursday last. On that day he had arisen about now, gone to the beach, remained around some of the board walk refreshment saloons for about three hours, but had not been - inside. From there hewent home about 4 o’clock. After supper at about 5240 he went to Mississippi avenue to take the excursion train, but it was delayed, so he went out on the Reading local freight. He emphat- ically declared that'heyvas sober. at the time am: had drunk nothingintoxicating that day. Her-cached the towe'r'about 6:38 and‘Wezzt inside at once. ' . , Day x perator Long was alone when- wltness got up into the tower. Long fixed his train shoe. and left at-about 6:41.' As witness turned from the closet the West Jersey indicator rang, notifying the ap- proach of a north bound train. Previous to that he had looked at the 1 signals, and all were set at danger. :He' wassure of this. . As soon as the bell rang he looked at the clock and saw that the Reading express vyas due in about three minutes. He looked down and saw the West Jersey ap- proaching. He did not pull the clear sig- nal right away, as he saw theReading ap- proaching in the distance. The West Jer- sey was a little late. He then gave them the right of way. He could not by mis- take have pulled the wrong lever and giv- en the Reading the‘ right ‘of' way. He pulled the home signal first, giving the clear track to the West Jersey. He saw the board come down. Then he pulled the distant semaphore. The West Jersey was then two or three train lengths this side of the home signal. The West Jersey kept coming. Then he saw the Reading round the curve. He expected to see the Reading slow up. The Reading was then about a mile and a half away from the cautionary signal, which Was set at danger. He was watching the Reading and saw that it kept coming very fast and had not yet shut off. The bell had rung for the Read- ing train. He saw the steam of the Read- ing go down as usual when it is turned off. The engineer of the Reading gave two blasts of his whistle, but both trains kept on, and the collision occurred at 6:48. He made the entry on the sheet, “Train 23 wrecked at 6:48.” He rushed over to the wreck and imme- diately went back to the tower and tried to get Atlantic City on ,the wire, which he finally did, getting the Reading first and then the West Jersey. Heard No Reading Brakes. He heard no sound of the Reading put- ting on brakes. He knew the, Reading had the right of way, but it was so far from the other train, which was coming up. that he used his own judgment and let the West Jersey come. He did not know whether there was any scheduled time for the Reading train to reach the tower. It generally got there about 6:49 or 6:50. It was a usual thing for her to go right ahead, and he had only held her up once, about two weeks ago. That was because he was down stairs, and the signals normally stood at danger. He had been necessarily obliged to go down stairs for a few moments. Thomas Hollchan, fireman of the Read- ing express, was next called. Hollohan testified that he and Engineer Farr were ‘ the only persons on‘ the engine. The train was on time as it neared Atlantic City. As the train approached the crossing Hollchan was on the tender firing up. The engine was a big camel backed ma- chine, and the firebox was back of the cab. A man working there could see ahead. Hollohan heard the whistle blow, and go- ing up saw the distance signal against them and the excursion train approaching the crossing. He saw that a collision might occur and got on the step ready to jump, but changing his mind went into the tender, where he remained until the crash came. As he blew the whistle En- gineer Farr shut off the steam and put on the airbrakes. The brakes seemed to Hol- . lohan to work all right. Farr said noth- ing to him, and he said nothing to Farr. As the train approached the crossing Hol- lchan saw the red danger signal. The Fire Record. Mms'rnn, Mich., Aug. 5.—The lumber plant of Emery & Stokoe, two miles east of Manistee, was consumed by fire; loss, 880,000; insurance, 88,000. Advertise in‘ “Tami '«m,“ Morvvalk’s Great Bargain Emporium. Reliable Goods Sold ai Honest Prices. IIIIIIII IS TO-DA THE BflSfllN STllliE.‘ NORWALK. * Remembei Your Mail Orders Have the Same Attention. as Your Personal Ones. IH' WIIIIIWIHI IN EV HYHflME. and throughout next week, your dollars vvill reach un- usually far, if you invest them here. feast of BARGAINS awaits you. to meniion the half in our newspaper space. ihai now is the time for Economical Buying. A veritable We cannot begin come and see, and be convinced IN OUR BIG SUIT AND CLOAK ROOM! I children’s Summer Dresses- Ginsham Dresses, an odd lot, 250. White Lawn Dresses, 25c to 81.50. Chambz-ay Dresses, 50 r, were 983. I children’s Gaps. White Lawn Caps, 25 to 980. White and Colored Sailors, 25c. Tam O’Shenters, of Linen Crash, 250. Sun Hats, 25, 49, 75 and 980. I Separate Sklris. Duck Skirts, 980 and $1.25. Linen Skirts, 980. Black Figured Wool, $1.25. Black Mohair, 82. 25. Black Sicilian, $2 50 to $7.00. Linen Crash, $1.98. Black Silk, 4.50 and 87. 98. Sufls. Linen Crash, 83. 50. All wool, silk lined, $7.98. Black and Blue Serge, $6.98. All Wool Cheviot, $12.00. capes and Jackeis. Silk Capes, 2 98 to $3.98. Velvet Capes, 2.98 and $3. 25. ' Wool Capes, 1.50 and $2.50. Wool Jackets, 1.98, 2 98 and $3.98. Shirl Waisis. We have an excellent variety, 25. 50, 75 and 980. All our $1.00, 31 25, $1.49 and $1.98 are marked to 98c ' Ladies’ Muslin Underwear. Full sized Gown, tucked and yoke, 49c. Empire style Gown, 75c. Empire style, hamburged, 980. Drawers, 4 tucks, yoke bound, 25c. Corset Covers, made of good muslin, 10. Wrappers. 65c, 75c, 980, $1.25, $1.49 and $1.98. Genis’ Furnishings. Gent’s Balbriggan Underwear, short and long sleeves, 480. 50 Suspenders, 25c. Percale Shirts, 50c. . Manhattan Shirts, best percale, 81.50. Negligee Shirts, 50c. Unlaundered Shirts, 37, 50, and 750. Gent’s Egyptian Hose, 122w. Gent’s Tan and Black Hose, 12%0. , I I I _ Ladles’ FIII'IIISIIIIIgS- Ladies’ Neckwear, 250. Ladies’ Collars, 12;}c. Cuffs, 250. Tea and Black Hose, 123m. Black with White dot, 25c. Ladies’ ribbed Vest, 12%c. Ladies’ ribbed Vest, silk trimmed, 250. Dress Goods. One Item Will Suffice. All our 500 Light Colored Dress Goods, all styles, new and up-to-date, we shall close out at 25c. Wash Goods. We have just received. for the August trade, a beautiful line of Lawns, in navy and black, look at them, 121ic. I Kitchen Department. Quart bottles Ammonia, 8c. Child’s Bath Tubs, 750. 9 in. Flower Vase, 9c. 3 pint Granite Iron Tea Pot, 23c. Water Pots, 10 quart, 37c. Glass Tumblers, 25c per dozen. Parlor Brooms, 121:0. Willow Clothes Baskets. $3.9. Screen Doors, 69c to $1.25. N Window Screens, 19 to 34c. ' THE BUSTUN STORE. Lu. Main and Wall Ls. ti A POINTERM. Is your plate" glass or safe insured? If not, call on me and I will write you a policy in the Mutual Plate Glass and Safe Insur- ance Company. Glass will break and burglarsuse dynamite. In case of Fire ~ ' 1 You should be insured. A‘policy in the Reliance 01 Philadelphia Phoenix of Hartford; Scotland Union of Scotland; New Hampshire of Manchester; RochesterGerman of Rochester;'United States and Pacific of New York; Security of New Hampshire or. Granite State of Ports- mouth Will protect you against the fire fiend. \ W. at. ; amtuduou, , Real i‘ Estate and General Insurance, I LOANS NEGOTIATED AND INVESTMENTS, MADE. ROOM 1, Gaza-rare.- BUILDING —E_CORAESPONDENCE ' s ouczm-n’
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