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FlNAJfCIAL AND COMMERCIAL

While the London and other fordmarkets were daprossed today by the o-

vlctlon that war between Eussla and Japawas near at and swnt ordersfor the sale tho chiefof the day governing dealings upon thStock Exchange continued to be the speou

caused by the announceof the Pennsylvania Company1

50000000 loan Yet the etocfcaimio b causa of It were almost

by bear operators and theof securities resisted the movemcr-

T ry stoutly The Impression that toconsiderable srtent prevailed In flnancltcIrcles yesterday that the Pennsylvanialoan had a good dfal to do with the supposeapproaching settlement of the Gould anPennsylvania difficulties wan dispelled

formal statement of the Ponnsylvanl-authoriliea that the money was to be uacialmost entirely for the double trackagand general Improvement of the Pennsylvanla lines west of PitUburg Thewas suggested that the

become the ownercontrolling Interval In the Chlcag

and Alton shares which are now as t

well known awaiting a purchaseBut this theory was not generally acceptedIt was learned on the other Landso far as the new loan ban anya GouldPennuytvania Battlement thatadjustment Is yet afar off A fewago a settlement of the matteralmost on the point of definite conclu-dion but a turn in the negotiations hataken place by which hopes of a speedand satisfactory ending of the difficulthave been cast down Amalgamated

was another weak stock in thetoday perhaps because of theweakness of the raw copper marketperhaps because of realization that al

considerable progress has beetroublesome litigation affect-

ing tho companys affairs in Montanathere are very many difficulties there stilbothering the which have yeto be cleared bank statemenshowed a much smaller increase In th

account than has been recorded 01

occasions for many weeka putalso showed a decrease in cash of 248310C-as against an expected increase bysun nearly aa large The parallelhowever which has been somaintained between the statementof this year and last Lasyear in the corresponding week a greaincrcaau In loans the surplus dowito 18345675 now standat 21812775 Banking interests in generaare inclined to look for a petiod of

In the future despitedisturbances pay be caused by the FanamiCanal payments and by the calls that

made upon the depository bankavarious such aa the additionssums of by Congress hi aid othe St Lou la Exposition and the paymentof 6MO000 or 7000000 as U nowprophesied will be Colombia

for her wounded feelings overthe way in which the Panama Canalhas terminated The some authoritiesalso do not regard any anxiety thceffect upon our caused

restrictions offered it and borrowlngiwidth may occur In Europe as

result of hostilities between RussiaJapan The stock market closed strongand active today on what seemed to be

general covering of short contractsof the strongest stocks in the semi

demoralization of the last few days hasUnited States Steel preferredordinary obeerveru cannot discover

any great change In the iron andsituation rather more optimism concerningIt la expressed by those who should be ita position to bo acquainted with the factsTho question of overshadowing ImportanceIn the trade still la the matter of railroadorders chiefly those for steel rails It If

announced that the Now York CentralRailroad has purchased 25000 tons of raillfrom the Lackawonna Iron and Steel Com-

pany at the regular list price and althoughthere may exceptional reasons why theNew York Central will profit by this contractto a greater extent than another railroadcompany might the transaction stillaffords ground for that railroadorders of the be morefrequent In the future thanhave been In the post If the fact shouldbe made public tomorrow forthat the steel railduced somewhat the prices heretoforefirmly maintained for their product andby means of this concession hadorders for several hundred thousand toneof rails the matter would have

effect beyond any question upon Uuprice of Uis shares of all the steel and ironcompanion Railroad are

as they must the unusuallyrigorous winter season and the commer-cial agencies state that of theseunfavorable weather soles olspring merchandise are a littte slowhank clearings however and the general-

run of all testimony thatin the a little

that of last In profit or In

Whatever business depression there is In

the East has been counterbalanced as wasexpected by the activity to the WestBooth

New Yank Stock Exchange Sale Feb O

cosixa raters or VNITID Tare BONDS

PHI ASked Hit A itlO-

O8rec10rl 107

4 1084sretnl32tj 133133

tacoupU 4 14ilUH 113-

4stc lU7 108

RAiLROAD ASD OTHER

AtclTf DS Fr 4i LehWUkes 4M St L 4 San Fra-aI8M00034 100001 Ol fj clajuli-

Atl niloCLIne4a Br4 lone I 0608U St LouisSW cnta

80009314 Met Street By t i0007aDan uu niu 49 2000 liaia ooo7vij

4010 01 MM Central4js S0007a3nBa-ltAObSWaUs 200007aig-

SiiUO8SU S0007U3ll-klyn Un U Ml lOOjOO eoa Southern Ry 5

rose I OOla Uex Cenl Ut In 6000 33-BklrnUoRulsi ZAOOO I 4 2000 113-

ioooi l iimnsiLouuts loool l 37-M00 1000I 1214-

Caniidatjonthld MO Han Tcx 4s JOOO 1

nero 10614 VOles Pacino 4i1000107 UoKoaATex2d 1000 I 027-

CemrmtaUlin goto78 8000 102ftMo Ean Tex Union PadOccv

Central Ga 3d In 1000010000 1 N H 508000 ftOOO 064

Chen A Ohio 4Ws MoKTofT3a 100014000 tOnfa 41000 9014

Chi ft JVis N Y Casual 841 U S new 4s eon11000 H 10000

3000VOIa 110008734 U it Ste lafs-CtllinrQ4i 1000 71348000 UUIs N Y Ctnt LH 3V4J 81000 log

Chi l I ft Iao UK ICOuOraid 51 NY Lack XVest 1000 7 I

constructioni 1000 71344800080 1000

thlHlit NorfolkAVrirt4s 2000 7 13j2000070 20000 718-

7000HOU 10000 I 03 4SOOO 717o-ChlSt L4 3IOOOI 4000 73r-

eitlstcred North Pacino Ss3000I18 100017 100000 713j-

CCUMiitLrm l 100072 2000lonno 7134

Coin Midland 4d 10006a 7000 a100006 S000013 10000

lb cux lit eOOOO80000 72

Readiacrm4a 10000 7l7j-150110OAU 9000

eooo OOU WabMhde-bU800066a Rio madi 10000 6214-

DctMftM erani 200090U 1000

1800082 9000DO 10000 0214-DletlllersSfCur SII Mti 2000

S004113U 15000 02310000047 St I Iron MI41 000 315000 17000SOU 20000 02

nrlor Urn 4s St Lout S W JC 5010 8 7S08 200076 5000

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OOOBRTov lkaleaof bonds par value 11407000

RAILROAD AND OTHER SHARES

flit tit tt Hlf C-

aoo Ants Caeri Ola 014 0194-Z4100 Anal C 46 461 460s

zoo Am Oar A r 1 SSg 1889 18og-lOOAmCAFpf 6714 07U 67U200 Am lee 778 778MO Am lee pf 20 20

1500 AmL c aoajj 201s800 Am Smelt 48 48 48100 Smelt Oil 01I

7050 ABSucar12408 1238s 1241a300 Anaconda 00 66 16 +

14100 AT ASF 60 778745ATASP 89la 80

11200 Bolt A Oil 8 log 8034 81 Sg18280 RIga 400s 40 403g

100 Buf It P 13 114 18114 IS 1142978 78 7g

1100 Can facltol 17 11 Ola 117JOOCheiAOalt 3U 3234 S3-

BStO Cal Jb Altoa 40 38 3B3410 Chi AH pf H434 8434 F434l-OOChl 4 N W106 100 166400 Chi Gt Wet I Ola 1 64 1 614UoCOtWnlB 278 27 8 37 s 8-

B100 CMSt P142 141U 1417g 1

900 Cal Terml 10I8 0 8 07t ll-ZCOCblOTrat Ala ftSa O-SlOOCCOStLp 78 78 78 1

100 COIF t alia 3113 sna 1

200 Col no I 1313 134 1314 a-

3SO South 1 034 1 0343tcOCeaaGail8078 180I4 ISOla 1

ISO CoTS Prod 19 10 1 0 I

1000 Del A Hud 10034 100 10034 1

JOODenARO 20I3 iOU iOlj2-00UenAROp OOla 60la tola100 Det South 1034 1034 1034

6Joo Erie aooa Lets 2eos-UOO Erie Irt pt 8434 C4U 4aa

100 Erie r 44ia 44ia 44ij2-

50Ge EleeCoI70 170 170 f1040 111 Ceatral 12814 12778

100 tnt Paptr 1214 12U 12U-40QLoncIaland 60 60 CO 3

2000L uNaahl041a 104 10413420 UaabatMa 143U4 a625 11713 117 11718

1078 1

6034 69la 8034 3

153MK4T ioia 1013 ieia-200UXTpt 37 3034 3034 14

moo 11 Pfolfle 01 OOU til + Is-

CONCit LI 10 110 110lioo NY Central 1 1778 117ia 11784141400 Nor Well 00

20 No Am Co 82340884 09

82 8g2300 Ont Weal 215a 21Sfl 2I8J Ig

200 Pao 28 28 2810700 1 1 Ola 1 1 MS 110 78

1425 Gas OOla 90 003s Is12S Press S Car 2034 2P34 2034UOPrSCarpt to 00 00 84100 Rip 7U 7U 714210 Rep steel at 43la 43ia 43ia

6100 Readlnr 43200 Reading d ASIa

3410 Itoeklalaad S278700 llcek lal pL

700 flab Good IOUSOO Rut R B pf 37100 ibloasfiheo 37200SL8FCEIeIOl300 SIL3W 13l9

1100 StLSWpt4 tlC3 fe Paelfle 47

HOOSaHwrO 21U-OOKoRjrC f 8178

3034-eooTezaiPae 2413100 TwIsCltf 89

26100 Vales Pai 7044

7la2320 U S SeC pt 66

alhtr 741147

soon Steel lllg

423s 43089 OBIj 1422 a 327g

t2Ia 2l4 62la10I8 j

36Ia 3737 37 1U

101 101 41318 1 31g U-

329s 3134 323g la471s 471a a211s 21U 1881 817g3434 30la U

ii4ia is80 8078U 79 Ig-

SOnUnRylnpt 43la 44 la-1JOUSHACM 7lg 71

663g 60 U-

350USL 8 71s200 U 9 Leala p 76la 76I la

JOIa 1034181SUSRubpt 46 a 47 1U

1034 Ills U24850 U S Steel pf 66I8 f 484

201 2018 20I8 U200 10 10 19 Is

8800 Wabaih t 37 36 8 4700 WeatthaelBl 160 161 4 la150 W Da Tel B734 8734 lg150 WALK IOU 18U 16U12 Wla Central 10 10 10 + U-

Ttiu lalu of atoeks 367700 akaru

CLOSING PRICES

rOolnl

Su Z010811-IOm1111 ROIl

NitzII14

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201 I

IsA pOI ig

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300 IS

11

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Melt700 I I 034700 MStPSSM

a 82

Mal

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3300 Teas C Ir24

763U RlbbrV S

6618 114210 VCr

878

SaflAn APass4sWcasore4a-

debierfttoo1078I000491

H111 La 1

1

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683

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+

+

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++

+

+

+

+

Bid AtkeMaTs Kts220 230

Chlmri 981 es

Copper 45M 45ISM

AnOfcFpt 87 81-

AH Cot OH 20 tltat Cot Oil AS tA DTel 22 28Am Expreu 190 200

AnOrui 5

Kid L 4 4

lea pi 2-

AmUaCMI 2-

AmLlaOIlpt 28

An Loco 20 v-

AaLooopt 7 10-

An Halt 3 4

iAm Smel C 48 4-

Am Smelt pf tli 2-

Am Saul 110 120-

AmSnuSpt Ki 9-0AmSnarl24H 12-4Amtmpt124 US-

AmTJiO H te-

AaT4 T124 128-

AmTTool 10Am Wool o W 70Ass Arbor 23 25Ana Arbor pt 37 64Anaconda 67 80A Test 8 i 8-

AtTASFpt 80 D-OAIICooitL108 1IC

Hal OMo 1M DSal 0hpt Bl 92DlilyaBT 40H 40-

ikyaUOa 18 1 5-

Bninswlelt SM II-US RAP ii-

Bu RPpllJ2B-attertek 47 01-

Caa Soutka 8SV4 7-

CaaPac 117H H7-

CkeiAOklo 32J41

Cal Alton 1 H IV-

CU Aim pi 8-4ChlBQl 1 5-

CCOS L 75 77Chi Gt West 15Jf 15

CklGtWA S 8W-

ChlOtWB 2TM W81 83

183Cal II SIP 142 14-2CkllUStPp 17-ACUTermlaal 10 12

Cal Terml pt 22U WChi Ua Trio 5W sji-

CleLo W 89 80-

CULoliWp 75 toCol Fuel Ir 31H 3

ColHOJ1 13M 14

Col Southern 16 i 17

Cot So 1st pi C4 c-

cois2dpt 24 s

Con Gil 1894 ISO

Tobptl01MCorn 10 ID-

Cera pt 80 73

DflHudl80 KU272

DIDO JOX O-VlDeaAROpt BOX 70

DeiUAFO 20 23-HDetURr 2M 83M-

Det Soutkn IOM I1M-

DetSoathpf 24M 25

nil Seour 13 4

DSSAA 8 10

D3SAA J5 MErie 28 i UN-KrMUlmt 4 i t4H-ErteJdpf 44 44WTAT 0 8-

Rv A T H pf 7Bea Bee Col 3 170Ot North pt 165 113

Alag

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Bit AtXt-tLRAW 28 20LEA Wpt BO 100Loar 49 83-

lx 105Vtan Beach 7 10Ilaab ttanl42 14

Met st r inn lieLeI See 83 84V-

Mex Cent IOH 10-

3Uch Cent 123 12f-tvilnnAstl 80 es-

UAStLpt to n-USPASSlf 6 M 0-

USPASSUpf 19 IIS-UK AT 18i 1-7UKATpt 37 38-

Uo PariS 91 91-

Vaab C 43t LIOS 11240-

NatBliOoptlOJ 103Xa LesS 15 15Vat Uad pt 83 90

VRRdpt ISM 101J Central 157 HO-

VTAB 130 137

VTOatralll7M 11-8SYCAStl 291 28-

XYCAMLIp100 110vvcstL3p 80 ea-

VYDock IS-

NY Dock pf 41NYNUAH 1834 19SNor Wen 69 50Nor A Weil p 88 2North Am 83 3-

Oit A Wert 21H 21

Paclflo Coast 13 IS-

Pao Gout I p 90 100PaeCoutlp 84 88-

Pacino 2714 29usP-

eoOL A 0 SOW 99-

Peo A Eut 19 22

POCASIL 40 85-

1CCAStLpl 07 OJ

Car 29M 0esjl 70

PullmanPCarZlS 21-8RyStRpr 20 21

ily St Sp pf 73 78o

Readier tSH 5-

iIteadlstpf 78H 1017J4 Atf-

ctepbe Steel 74 8RepSteelpf 43V4 4

tock Island 22 382H 4

lubber 18 19

lub 78 7

louSt t 36 H-

tJAOI 11 11

I J A 0 1 1 p 38 30tJ 4O13p 7J 1BH1 1 A S F 1 p 80-

t LASF2p 454 48ILSW 14 14-HtLSWpf 32 J2-HtPAOml40 1450 Paelfle 4 474

21 21-

foRypf 81Hk Rr Uoh 90 92-

rennCAI 354 S

exPLT 27 29J4244 S-

SblrdAvRR12o 11-2SILAW s4 s-

rstL wp 35i M-

1nCllr 8 90in Paclde 7V 794-laPaapt 90 9118 Kimestiot 110r 3 Ualier 7 7V

3 Letts nt T8 77

S Rubber 10M 114-SRub pt 47 48-

IS Steel 11 imS SUtl pf 86 t M-

tCtt 29M 29-HaCart 1024 10

18M 1IM

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a1RRMeZp 38

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lock 1S14 pt

IoiSSet 51

117

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S81tp 4J 3534 56

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MX 40atPamDpf 71M 7-

lowaOiainl 19437 39

EaaAUlaa 26 to-

Eaaatrao 184 to-Ean City Sop 14 J6-

Ktn A Dei II 10 15Lao Gas pr 100 ios

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KOFS Mp 66 6733

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Wabaakp-

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WkedALX U 17WALElpf 4S 10

WLB f 21 2110 1 M

414 414CavaWI

3634 17-

WeDaJEzp32I 320a

THE OUTSIDE MARKET-

So little trading was doris In the outsidemarket even for a Saturday that It

deserves of theIn Greene Consolidated Copper the

market was absolutely stagnant as soas It WItS dull daysof last autumn What fewthere wero took at concessions-In the market continuing to exhibitthe declining tendency that has been In evi-dence week

Greene Consolidated weakat 10 strength during the day

sank back toit closed rights

915 were sold at 45 cents whichprice at which have been forsome days Northern Securities a

to United Statesbonds wore dealt In to tho extent

12000 at 28 This Is K of a pointhe common

stock declined to transactionOne of Standard Oil was 130which Is unchanged from the price of thelast

The transactions In the market today wereas follows

Ovin Hlfit Laa dmfain Ing tu tfl Ing

189 American On 374 374 3H 3100 Am Can pfd 33 33H 33K 33K135 BUOurtd 13H 13M 13 13H-loo Brit C Cop rta 24 24 24 84600 Bud GaL 314 34 3 3il-OOConBRLAB 3 34 3V 3410 Cot Oil A Ppf 414 44 44 414

3050 Greene 0Oop 1 OH 1 IH 104 10J18015 GCCop ru 46c 4So 460 46o

100 Hack Mead 214 234 234 23MHavanaTpf 39 3D 39 39230 Light PAP 23H 24 83 23J4200 Man Trans I i IH IH IH

ION Am LumP 3H 3H 3H 3H1 Trans 64 64 CH 6J4BOO N Securltlei 81 02 01H DIM

i Royal B Ppf OOU 00 00 01025 Seaboard rts-

loo Shannon Cop1 Standard OU390 GOO 060 080

100 Union Cop1

BOXDtf-SOOO So El LandSs 084 884 8V4 68412000 US Ship 8s 33M 28 38H 28

LATEST QUOTATIONS OF INAC-TIVE OUTSIDE STOCKS

Bit ASSeSAmerican Can common 374American Can preferred 33X U

American Vrttlne Paper common 2American Writing Paper pfd II 111American Writing Paper bonds t7 DOBritish Columbia Copper 24Brooklyn and Mew York FerryBrooklyn Rapid Transit 4s 74

i

Central Ponndry common 14Central Foundry preferred liCentral Foundry percent 64 67Compressed AirConsolidated Lake Supr cornConsolidated Lake Superior pfdConsolidated RefrlieratorOa 1HCuban Government Cj 102 108Dominion Securities 0Erie Railway new 4s wl 86 88Electric Boat common 18 22Electric float preferred 40 60Electric Vehicle commonElectric Vehicle preferred 13 144Electric Lead Reduction com I 1

A

Empire Steel commonEmpire SXeel preferred 48Electro Pneumatic 4Gold Hill Copper M

Greene Consolidated Copper 10H 10J4-JHackensackMeadowsCompany 23 26HallSlgnal 88 06Havana Tobacco common 30 32Havana Tobacco preferred 38 ZOVt

6 OXInternational UercantUe Mar pf 104 SOUInternational bds BO 83Interborouzh Rapid Transit 10 44 106

114InternationalSiltspercent 40 46

23 24Manhattan Transit 1

Montreal and Boston CopperNew York Trtnsportaf 6HNorthern Securities 01M 01H

9 1

NewOrteausStreet Railwaypfd 30 33New Orleans Street Hy4S4po 80 81OtltrJevatDrCompanvcom 28 al-OlLiKlrvaturCompanypM 80 00-RockJ4l nilnrw4s 04 06I-

loyul HaUInRoyal iUklncPowder preferred 004 1004Safety Car Light and Heal Co 190 200St Llals Transit common 64 74-SraliiardAlrLlneeoinmon 8H 8HSeaboard Air Line preferred IBM 1 6HSeaboard Air Une 5s 77H 78J4Seminole Copper M H

040 460H 34

TenneieeCopper 27 30tf fl

Union Copper H M-

UnttedCopper 7 10UnitedRaDw 7jofStLouispfd 60 06Union Typewriter 81 86Union Typewriter 1st pfd 103 106UnlonTypewrtterZdpId 104-WurthlngtonPumppfd 100 111White Knob Copper 64 7M

LATEST QUOTATIONS OF RANKSTOCKS

hurlymu h

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N Y

H8 8 8 8

< US Ship 1

443U

37 84

7 Ii

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I

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Eloclt1e Lead ReduoloD pfd 230

Mercantile Mar

InlernallOJlal Bat TrIIsUeeelpa I 3

VirginiaIS

H6

Powder eommonl1 0 120

Standard 011 Co otNJ

Tonopah Gold MlnlDcCo

02

I

Ship-buildIng

yesterday

33 36 33

33 34 33 p3

33 34

Bull and Sllsquebana

3434

6

C

33

International IiaccantUe Marine

Uht Fuel and P ci W34

34

New Orleans Street RaUwaycotn

8torae Power

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BUAmerica 000 6S6Am Ex 220 232Altar Nat 700 000Bowery 360 380DkofDIs 160Dutch A it 100Conadtd 166 172Ceo Nat 107Century 170 180COAM Nt 600Cnatasm 320 340Chemical4000 4100Cltlzeu 186 100City 270 272Comerce 209Colonial 408Columbia 360 400

360 370Fast Rv 100 160Equitable 100Federal 106 110Fldcaty 180ITIrslXau 600 060-Pitta Nil 376FlllhAV3600 4000Fourth Nl 200 21614lbSt 300Gal Nat 306OanseTt 140Garfletd 600GerAm 160 166KerExch 370Oennaala 000Greenwa 300Hamlltna 170Hanover 626 040ImpATra 000 6 1O-

Irxlnc 220 230Jefferson 143 162

M 310326Liberty 600 000

A

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ac U 960 106031 0 330

UarAFul 236-Uetroplls 376 420Ueohlo 270 280JechAT 140 160-Meroil 226 240Mereh 180MerchEx 107 177MlMrrU 200Mutual 270Sanaa 180 100New Ami 470 OfiO-

N7NBA 286NYCo 1600NYNEX 200 216I-MhWd 160Via Am 206 aiONor Nat 110 120Oriental 230 240P-

adOc 260 270Park 476 400People 270 200

106 116Plaza 626ProdExch 160-Klveraldo 200 980Seaboard 000Second N 600

TAL 160 100800

IthSt 200 210i-tnward 120Jd ttard 126

UnExch 160 160UndNaVarIeS

00 100200

WuhHta 200UeslSlde 600rorkvlllo 376

WaD CJo

Stale

LATEST QUOTATIONS OF GAS

Btil AlltttAm Lt Trac 48 60Am Lt A Trac preferred rHay State IM U

Uuflalo City lat 5s 1947Cent Ln 51 1W7 IOO4 IMColumbus OM let Is 1933 IfCon Gas of N J 1st con 511WO LDenver Gas Klertrlc 2114Denver Gas A Klcctrlo Cat Sj 1 4

Equitable liu 1st con 5s 11132 113 litFt Wayne 1st ex wzs eoGrand Rapids Ist 5s HIS loo

SIlO MindIanapolis l t Da 1KO 10 lOS

Gas ItJackson Gas 1st tl 1857 M lOllLafayelte Isfes 1K4-

Madlion Wti 1st ts 1KM 105 109

Mutual 150 100New Amsterdam 8s 1848 106H IM

Y ft E R 1st fo 1044 MiOhio Ind Ist 8s 1K4 48St Joseph Mo 1st 4s l 37 nSt Paul Ulnn ten 8s 1 44 UStandard N Y mStandard N Y preferred 141 tttStandard N Y t M 10J luSyracuse lat it IMS M B7U

lJuUalo City S 370

10797

oS

64

In 1JlL 65

60n SIlO

SO eA

a Wa Val Iii 61 1m 50 66

N

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34

2456

5

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LATE3T QUOTATIONS OF MlSTOCK

Albany A VennOBi I4 S-

Charlotta Air Una 7

Bleecker St A F FBaiton Albany I 244

ifcMtoa 4 Providence to 4Broadway A He vent hA venue 10 243 J4S

R K 10 SSB J37Camden A BurlIngton County isoCatawlsu 117 12-1Catawlsia a R M pta 1U 122

Corura ACentral a R R Co 1 240C N AEnRRCoCa-attahoochea Unit US

Hill MChristopher Tenth StresS in

A IN 1MColumbus A XeaU 313 223

Concord A Montreal 184 i a

Concord Portsmouth 1SSCoon A R pfd lS IKcons River 373 ao

BoundDetrol Hllladale S W 4

Dry Eut 0Pennsylvania 6 in ico

Eastern 4-

Klmlra WUllaraaport com 4-

ElSUra WlUltituporl pfd 03 IttKrte 10 2JO

A 7 150 lSFitchburg 114 13-8an su Grand stFort Wayne It Jackson 142 1W

R Uanklai 14 240 MO-

Qoahrn A Decker 1Grand River Valley IGreene a R 146H P Ill J X lHartford Coan W JHereford 4

Jackson Lansing A sajlnawJoust A 7Kalamamo Ails O Rapid 5W 145 ISKansas City P S II 4 MLake Shore rId atock 10 oLittle Miami 273

Little Jjcauylklll N R A N 0 5 S i

Louisiana A Missouri 7 170 lt-

Lykens Valley S SI-

Maaon Coal I 100

Man Lawrence 10 34J-

Uaaa Valley I 130Mine HIU A SH 1 130

Motile A pfd 4 8154Mobile Ohio 4 01

North Canal A B com 4 OS

Mon Canal A Co 100 170

MorrIs A 7 MJH 1MNashua Lowell 255

Nashville A Decatur iw10

f Transportation Co 10 a-

New 9 200 2358 M

New Ynrtt A Harlem 14 OS 408

N V A Western S 130 113

Ninth Avenue 1M

North Carolina 7 1M

Northern n a of NJ 4 M I

8 200 2laNorthern R UK 1

Norwich A Worcester pf 8 731 213

Old Colony 7 200Oaweto A Syracuse 226

on Hudson River S im

Peoria A Bureau IPhiladelphia Oer A Nor 1 181 170

A Trenton 10Piedmont A Cumberland i

Bern 4 L E com 1Pills flUe A L E nM I-

Pitta Fort Wayne A Chrenl 7 ISO 1S-3Pitta A Youth ISO IM-

Pitts A No A B A A S USPortland Sam A Plymouth ISO

Providence A 4 104

Pr ridence A Worcester lo 28-Junare w IM-

ensielaer A S3-

ochester A Geneses Valley 6 124

tome A Clinton 8Rome Watertown A Of S ISRuUanfl A Whitehall I 130 IStSaratoga A Schenectady 7 IMSharon 1SI 140

Southwestern Oa S 112 lIeHnuyicn Duyvtl Ml U S 20-0Stockbrtdee A P ISO

Second Avenue 201 210

StUb Avenue 7 17J 180

Syracuse O A CoTroy ic 7 170

Street 11 190 403

fnltrdNJ RHCanilColO 2M 208I ISi

Utica A Black River 7 180 IMV 163 IN

UtIca Clinton A B S inof New York S 127

Vermont A Massachusetts I lti4Ware River 7 laB

J 7 180American A C S fSCommercial Union I IISCommercial Union of 11 US

Telegraph Vloll A 6Inter Ocean Trlecraan 4 litNorthwestern 8 1S inSouthern A Atlantic Tel 6

LATEST QUOTATIONS OF TRUST

AUtaaee Realty CoAmerican Surety CoSilken Trust CoBowline Green Trust CoBond and Mortgage Guarantee CoBroadway Treat CoBrooklyn Trust Co

CoCentral Realty Uond aad Trust CoCentury Realty CoCity Trust CoColonial Trust CoCommonwealth Truat CoContinental Trust OoEastern Trust Co

State Trust CoEquitable Trust CoFarmers Loan and Trust CoFirth Avenue Trust Co

Trust CoFranklin Trust CoGuaranty Trust CoGuardian Truit Co n

8S1401737i

tSSO2i-

Flatbusti 1

2040

175Hamilton Trust Co So-gInirrniiional Baaklnr Corporatlcm 13-

JInri Trust Co 4O-Snlckrrnocktr Trurt Co 79-

awyeraf Title Insurance Co MSlaaunnc Co 183-

Lacoln Trait Co Sisrat Island Loan and Trnat Co 27-feVtckar Realty and Trust Co 71-5anhatua ThuS Co Soj-

ereantlla Trust Co letropolltan Trust Co lid

ereaaata Trust Oo 23-orton Trust Co fAlliance Trust Co 23S

surely Co as-

ianstu Trust Co 7SO

North American Trust 240York Life los and Trim Co lwYork lad See Co 100

ow York Kecurttr and Trust Co 0Trast Co 330

Ettate Trust Co MlStandard Trust Co SIDTitle Guarantee and Trust Co 42

Insurance O of New York litrust Co 235-

Mted States Uortcat and Trust Co I7i-Julon Trust 1175-rnl ted States Trust Co 1481-an Norrtm Trust Co 207

raihlnftna Trnit Co no-milamsbirt Trust Co 235

llndsor Trust Co

BOSTON CLOSIG QUOTATIONS

DRita iNS

a2CI

00Will

Jill1-

1A O Jot M 7J1

I 10 12

ClISI

Suscuehanna 210

P 212 OS

S7

77I

Mlchlgsn I 200Delaware Brook S 206 QI

100 105e 271 1tO

100156

Erie

0oil

4018

8I

oil 211

I5 53

lID III

S W 21I

lit vOIr

110m

II95

Bsax

7tO-

N

N Y Bkn 40 faD fleach ptd

North

Val non Rma S 280

1M

31 34113

S

I2112

In

175

U 67

Upper cooe

Utica Chettcra SUq

Warren N

U

11

Pctfte AUUltlo 4 is90 100

Blrf AsSeS8S

UII lea270 2D5190 m

850140

rsBOO

200 ItS3583

auo 12070

ics180700

1460lOll200IUIe10ua135144

280175I4U

220

JllnIHO330925280IOS

250

2251060

Peoplo 57S-

R aUr oelsle liSReal 410

Tills noA ts

J41OJ115

41538320S

IAN

AThs ssee54 Ilie-

A53antsAugsIa oavasnah5 310

Beech Creak S 156S 325

MS-

Hostoa a I 213 US

S

Ia

a SS

Ia

ah

b4

aa

a Ferry 15 300 405

05 54IllInoIs Cen1al Leased tine 4 10414 0033

44

234

0

Li 9

S

PennsylvanIaS

S

a205

705

I 208

U

aSI

95

0 I

I30

135

a 82

2514643-

3Ceatral 2000435

270

423530

380

Mutual

few 33COrew

9

251440

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IUILBO1D STOCKSBU AsSeS

Post4Alb 247

BostAMeI08Host El M37 1S7-MCJBASY14J 145CJHASYb-Ktlcbtiirc ist

21 21MMass FJee pt 77M ex 10 njN Y Nil A UOld Colony203 204

Marq 7 807337 40

WBSU-WiJSHHpf 10S 108BONUS

AmTel4aFell Tel 4sDos Gas 5s-

Bo Uai3dsFortScottes-MexCent 89-

M Cist pineMC2dptlno-

NYANE IstlUIOl-NYANB tst7 103

Am Pneumo 3M f18 20-

AmTelTeliA-mAfCh 14 15

75 78Central Oil 7J 74Dominion CI ta eoMom ItS

Kdlson Elec 235 rOen Electrlcliu ill

3UH sniMail Gas NO 80Mer enthalerl744-MexTel IMN EnTel 12-1PlantersCo 4Plants Co pf 21Seattle El 45Seattle El 00 nSwift 4 Co100United Fruit 06 07-

UHhoeMactt 4 U 47MUShMapf

vliWestTel 10 11West Tel pf n U

Wears 11 pi 85 93

Ex dividend

lU Elec

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Rutland

Wa lel loa-

N

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27 21II

76 83

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Anaconda 18 iuArcadian 45 75Arnold J M

AtlantiS 8

Kntbam 21 22Bonanza 40 10BoitOOAQ-BrttlsbCol

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2 MFranklin 8 8Qranby 34luanajuato 75Isle Rorale 8 9Majeitlo-AlauCopAO 4Mayflower 7S f

Michigan M nMohawk awi M

62 4I IM

Old iJomn 8-

Oscealt M I83Parrot 23M

W80

Rhode Island 1

Santa F IShannon 7TamaraclcIOO 11

Tecumse-aTrlMounfnTrinity VH 5

United Cop20M 20

Utah 32Victoria Hi 3Washlneton-Wlnoraa 514Wolverine 71 H 72U-Wyandot W 100

Boston Land 4E Doll Land SM sj

eDH 70

tllnuez 44

Cal HecI440Ceotceatal 533

It H 6S 6Dji

CopWest

River

I

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lion Boss

Jb Con Cop 2

IIiI

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LAb STOOLSAIIn Land

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pf1521020 5TOC5-

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01433

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CHICAGO CLOSING QUOTATIONSKt AtKtt-

Am Can Co 434

Am Radiator 44 4

1-1BoxBoard 3Box Board 1

Cb Un Trao29H

City Railway 7 o

Mn Had2

19

Cb Un TrJ

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Am Can

633

NalBlapfl03Not Coept tiSaSlda-nwcuau

aid AmaI7H

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81 litSW CU 3934

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500 39

PHILADELPHIA QUOTATIONSH

1I

Alka-nAmRyCo44 45

Eleostor S

ifKFa-lrrat Pk T 21

24

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Mobs pt

hlaCo 40U O-Wtana R R 57 STJi

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pC 81 110

LsMih NaY lISL n R 3IH

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01 Steel 34

S 834

2434

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Pa Steel TO TV-

PaEteoVea

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Welabach Co SO-

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Peo Trao 4s 103 103MJM

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Pa E Y 1

16

Ii1

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30

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3384

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MONEY AND EXCHANGE

Money on call IK M per cent last loanper cent ruling price 3 per cent Time

to months centfor four to six months Commercial pIperIs quoted at 5 cent primenames bills receivable names a6 a H per cent

The usual Saturday dulness governedforeign

of remittance held flrm Postsrates were quoted at S483K forlong amM88K for Actual rates Long bllli

a483 drafts t4ttura8aaand cable transfersquoted at 520 for and 11for short were quoted at 04for and M is18 forwere quoted at 40 for long and 40 818short

Domestic on New York BostontOe buying

ISO premium lOo to 100premium New Orleana

Commercial par banks toopremium 25o St

esc premium MinneapolisJ5o premium

wire premium ztopremium premium St

premiumIn London an cent Rate

of discount in open market for short andthree months bills 1316 centConsols money closed ut 87 andthe account at 87 7u Paris advices quotes

cents at 07 francs 5JK centimeprivate rate of discount Is per cent Ex

on London 35 francs centimesBerlin advices exchange on London 30marks 49 pfennigs the private rate ofdiscount Is Pr

New York Clearing House statement ExI4M10S

SubTreasury debit balance 237134Commercial price of bar sliver In New

York 55 c Bar In London closed23 u104 Mexican sliver dollars were quoted-at c

The imports of specie for the week were179421 of 144188 was gold making

Exports of specie were Gold 335528 silver48on a of 1834439 against 318291

the previous week The exports ofsince Jan I have beenSilver 15448458 a total Of 18383918

RAILROAD EARNINGS

Ann Arbor1904 1903 Cfton

Fourth week Jan 38077 S4oM Dec IS

Month 1264M 149317 Deo 22

Prom July 1 1171824 111839 Inc 53

Chlcaro Indlanapoll and LouisvilleThird week Jan 130929 Dee 24

3160874 2898033 Inc 2841

Detroit United RailwayFourth week Jan 90930 19915 Deo 8

Month 295883 801045 Deo 8-

Mluonrl PaclflcFourth week Jan tltM000 1899000 Dee 2141

Month 8829999 3489853 Dec 159L-

MlnneapolLi St Paul and Sault Ste MarieS1M207 133408 Dec 1

Month 477408 441200 Ino 384512228 44K7 lao 7548

IT JOSIPB AND QIAND ItLJtXO

The St Joseph and Grand Railway Com-pany reports for December

1903 1902 Cftanw-Oroas earnlnirs WZ31 132838 Dec 24401Oper expenses 91J80 72148 Inc 19434

Net eamlnjs StedSl 90492 Dec 438-4Charte k

20481 19792 Inc ceo

Deficit 3810 140700 Inc 44510Surplus

BAKOOa AIm AKOO8TOOK

The and Aroostook Railroad Compaajreports for December

Gross earnlntiOper expenses

1903 1902 dutnati138682 124992 Ino94805 83800 Ino 8799

Net earnlnM 44087 139188 Ino 4871Six months gross 9M8i9 885305 lao 121314Open expenses 008SU 537034 Inc 71291

Six months net 378304 328281 lao 50023-

CUUblAlf HOBTBiaN

Too Canadian Northern Railway Company re-port for December

1003 1907 CftanM-fOmssearnlntJ 279200 201700 Ino 77500Oper expenses 183000 HH300 Inc 37800

Net earnings 05300 SJ400 Inc 3900Six month l724om 11 200 Inc 903 00Oper expenses 1130500 723809 Inc 407200

SU mos net 597500 400900 Inc 198800BOSTON AND WINK

The fiSsIon and Maine Railroad Company re-ports for the quarter ended Dec

1903 1902 ChanatlCross earning 8845788 8255576 lac 390182Oper expenses 6304580 8198058 Inc 188529

Net earnIngs 2811S7 I10575U Ino 228830Otter income 170331 155944 loa 14 87

Tout laoome 245198 2313483 Ine 23820C0938 203S8M Inc 3837

Surplus 391052 177799 tao 213258-

OnCAOO AND IfOXTDWESTCaW

ChIcago and Northwestern RaIlwayreports for tile calendar year ending

1003 1902 CtaRfiuGross earnlnts 54398248 48070708 Ino 8389S40Op ex A taxes 38882234 81855085 loc B02719

Net earnings 17514024 18171843 Inc 1443 mInt Hess cred 5on793 5641840 Iso 431153Sinking fund 225500 225000 Inc COO

Total 5788840 The 431mpal forstock 11315733 10505003 Ino 010729

Dividends 8174742 4837006 Ino 837737

Surplus 6140980 558799 lao 572992New equip S013417 4897045 lao 318303

Surplus 1127573 870943 Inc 258830

COMMERCIAL

A Further Break In RumorsLiberal Receipts Enoonrate Hear

Renewed Liquidation Grain Advancr Then neacta llemvy LJqnkU-

tlon Coffee FirmerSATUBDAT Feb 0 GRAIN Wheat Spot

was firmer N sale No 2 red new 970

afloat for export No 1 Northern Duluthover New York May No 1 Northern New

York 9o over The Northwestern receiptswere 268 cars against 277 last week and 401

last year Chicago 17 cars against 15 last weekand 33 last year Futures closed Ko to tolower Prices follows

Opin High lao Clot Lasttit cit ing MoM

lay Wi 98-

uly 01 V XOat were on the spit Sales 25000 Stub

to 2 white Sic No 2 mixed Wo quiet2 Duluth 3o o I f DulTilB opening n

atlon Corn was firm on the spot 140000Prices as follow

Ojwn Hl Lots lAirtil ist Night

Uar 80 80 80 80 80HThe following sows the train movementNow York Wlitai Corn Oatt av Darlty

Receipts 13850 54825 80000 4800wits 27018 22WOhlcato-

ecclpts 53000 193000 172000 8000 94000-Ihlpments 29000 200000 117000 8000 4000

HufTal-oilpments 85000 8000 2000Wheat advanced for a owing to the war

from the Par East a decline In BrttLiu

break In cotton bull manipulation outside buyingnd covering of aborts Moreover rain was re

of Argentina and while It Is-M late tar wel weather to damage wheat In that

country It may delay threshing and marketingtoo the movement on i

moderate scale and there was no pressurebefore the close heavy liquidation attributed

to Armour and selling for a turn on theside caused a reaction

cables were Englishadvanced while Paris was S ceo

times lower The primary receipt were 578000-

uih against 803000 a year ago and the shipnent 347000 The seaboard received 54000

and cleared 2X3000 Uroomhal estimate theworlds at 11200000 bush and saysthere will be a liberal Increase In the amount onasage Com and oats fluctuated with wheatChicago received 195 cars of oem acne ofrrade 1M of oats Including of contractroe prUnarr corn receIpts were 180060 bushirwnit last war

Quiet and steady Sales 3500 bblsReceipts 834 sacks eiportt 5079-

bl 44348 jacks winter In Super3 No 2 extra 32Se3n clears 3854 4i-

itrslghis 42S 44o patents M46 M75 sprtntc-n Gears straightS 4254-

I4JO patents 47S4I5 Rye SJ40CI3KCoTtON cotton sees was

30 ItMainrt 9 Mo ton

Imoney Quoted S cent for sixty

for

othe

819 JoTaelM

ltel h8marklIon

forI

CharlestonBanks

P1IuJ31 0 pre-

mium I

21iIJfor for

217

2

at

total Imports since Jan I H2ea

and

Mn

From July I

Fourth week JM WI

Prom July I

IU7U

IC-

b rees

The Com-pany Dec 51

p1011182112

e

CottonWar

lie

as

IIocr

Rye wasNo

bush

ins

reportseonsols and Japanee and secUrities the

Then

Butpartly

ond ra

line

lMiddlIng agatust NewOrleans fill rae

at

were

81

island

cross

anti

0o4

dos

time

IuaIan

mar-kets

yesQulL zsio s

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unlcatlan The receipts

Port

decUnmarkets

telegraphicwere as

Last La-a Wee Yta

I J3M1 2421

The total Interior movement at theprincIpal towns waa 13 follows tatt La-

Tolay W Year14714 140S1 ia1

Shipments 13MO 15343 1871

The total exports from the ports today1S47S bales 7i2 to Britain B

dined M to recovered 25 to to of the lossreacted sad dosed easy at a net decline of 04 t88 points with estimated sales of 300000 bales

as followsOptS Ul li LaIDina ttt dating

March 1400 1907 1375 l 77 14414J6 1441 1405 1387O13M 141

July 1425 1483 13W 15W914M 152-

AUCUSt 1300 1390 1W lSflO 141September 1200 1310 1280 1780 I770 130

13J1 1345 1207 1170411773 12J

In Liverpool cotton declined 34 poIntsagainst 482d last

I to 11 points but reacted and dosed 1 higherII aa follows

Tool YitterdavMarchApril 7U 7J8 4 4

7M 7J9 4-

JulyAUust 7 7 13-

OctoberNovember UO 3S 44484to a fear of sinister developments

In the far Seal before Monday andcaused by tIle unexpected decline In a few daysof tta to 120 a bale was the order of tile da

Hess operators determined as they havesupposed to adhere to the lone side untO

have tailed to keep thouline even 11 they have not

lightened their own load So contlnued It was certainly not allayed by the receipts

totlcal as to the correctness of the small estimatesof the crop which were for a considerable periodso potent a factor In the speculation

The shock which has receiveby tile almost dramatic event

the Week U not to be forgotten

the vulnerability ot an marketfrom the tact that March In New Orleans bOO pointtower now than In New York as contrastedrecent premium there Some thinknent have been closingtheir This was especially the case 1

the last hour when the selling wavery heavy During a considerable portIon c

session believed howeverbeen a good deal of long by peoplemuch the buying regarded as of acharacter but on the whole thpurchases to a very considerable extent were t

pro flu on the short side which had growltoo to be resisted Someoperators do not like the present looks of the mar

that It Is Just as and unreason-able on the decline as It was recently on the

a bull as I ever was but the thing was overdonewas too rapid and too great I should

a fresh start Another said Ofuse decline U and there Li a ponlbllltthat II go altogether too tar the pendulum

to opposite extremes Around cenI believe would take 12000000 bales aAmerican cotton Even at present prices altera 4 cent decline the market Li a

Mclntyra A Marshall said The value of Amencan cotton remains by the marketparoxysms during recent and we fancynotwithstanding diminution of trade blglprices and the conditions possibly grow

of the war a permanently lower level will not be possible fornext six months

Montgomery Ala Big demand from NevCarounas and mills but country

exhausted The few holders left not offeringWell Bins New Orleans La Febhere market well liquidated WIre houses arabheavy seller FebHavre are only down Better feeling on thContinent as regards cotton and Eastern politicsThe South will Its spots war or no wsr

E F llutton ft Co The market seemsshow some little resistance to pressure today

up several times In the last two or three dayslo br mid twice as heavily a before

Said one broker The liquidation Sea beesvery heavy and a good deal wasabort account based on the theory thatthere will be no resumption of a higher levtmonths have demonstrated the shortness of thi

Daniel J Sully was on the doorappeared to be doing He bought however

time to timeHubbard Bros A Co said One reason for thi

abroad was the war news and tbeothethe tear of further liquidation on the part o

New Orleans bullsrelatively more than New York The movementit the crop a beginning to show a off at thiInterior a rather largermovemenl at the port especially at New Orleanswhere cotton 1s to on MarchODtracts

March here closed at to U77e and In NewOtleans In the late trading was I31c This Is recarded as a sIgn that operators In the New Orleansmarket are not anxious to the actual cotton

his Is usually the case here On Thursday Marchnosed In New Orleans at lie to 15100 and here al4850 to 14900 a discount here of 16 to 20 points

whereas itIs now at a premium here overOrleans of 60 July hu fallen In New

since last Monday about 460 TheOrleans board was eagerly watched by a large

rowd here alter the New York close the differencen time between the two markets being one hour

Monday March closed In 17330md In New York at I701C a discount 82 points-

In the last two minutes New Orleans May UKtctlve month there rallied from lISle to 13820-uly 141 todayThe quantity to be brought Into sight this week

i bales agaInst 208MS t-

UA3 Hester anti respectively lost week54801 last ymr and In 190102Comu Rla was quiet at for No 7 Sales

000 bags Santos s and 4 at 825c Futuresdvanced 20 to 80 points but reacted and closet

16 lower with and the saleadvanced fit to lIam

declined M pIg Rio was quiet receipts40fiO bars stockdecline 1SSd Santos was dull receipts 700

stock 1002000 Prices here aaHtgluat Clang

March 045 816 8uelay 875 840 40eM

7os 870 sesaeviL-UruSt 895 805 88088September 725 805

October 715 705 70070l-ecember 760 725 725 73i

Coffee advanced early In the day owing to betterables than wall Street and local buyingovertnr of shorts and smaller receipts but laterhere was a sharp reaction on liquidation and bearih

One firm said Indications are that the ItqnldaIon Is not entirely over and that the marketi In a to some furtheri prices especially as the larecsl andntlal Interests seem disinclined to render subtantlal support or undertake a resumption ofhoroughly liquidated of all the weal long specualive Interest

STOIIIW Spirits of turneitlne AJjcCommon to good strained rosin 12951JJ-

PRCiniiOMS 1orli was st dy mtvM 1475ft152 was quiet Western 77i re-ined Continent 1776 South American 1125 Talow So Dressed hogs OTdSMHc Butter Creem-ry extras 24e Cheese State f c fall madenncy Western firsts SOo ChIcagoreb e Provisions were higher early but promllent houses sold on the advance a reactioniccutrfd-

SnoAR Raw was finn at SKo for M test inSlie for M test Sales 3000 bags M test at 3 llSJc

Refined was fairly active and Oem cranslated 445C-

CBICAOO Feb Thfjie were todays pricesOpen Utah Low Clot Last

wIles int tit est ing JVIoilSay K i W 94 5Uly 8 H4 8 H MJi 84J KJi

7BS 7m i 7M 752M 75J-aly 770 770 755 755 780Ribs

882 K 8TO lW B77H-ily 697W 897W 890 fl93Pork

I3W70 1375 1357 13m-Ily 1375 1175 13e7ijl387H13eS

oman U1RKETSOpen lllth Loir Clot Last

Wluat leg tit in Kliht-Inneapolls May 83ii KH mit 03

Onj 01 01U 034-uluth 02 tan

OJM OSH 02-

Jledo May08 99 M 05U WjJuly 87 n M-

uuaa City May 70 79t Louis May SOU B9 87f

03 82

Live Stock MarketSATDRDAT Feb fl

No receipts of beeves no sales reported Pressedsteady city dressed native sides ICt c-

n received Americanat lOHollV dressed weight refrigerator

7W beeves quarters of b eef Utter partly

Receipt ot calves all the market were 7 head4 on all Westerns Thee

aKei quite unimportant the only wading 7per 100 lbs city e

and lambs lacludlng 3 ranan told to Ann Good

choice lambs ruled fairly and sllzhtlrice Tile pens were fully cleared soldu 100 lbs a row head at 15 reportedalee of lambs were at KlAt7 Dressed muttontmo Per Ib dressed lambs o

bogs were tl bead onedeck onsave NO n an d

ales 1G I rom lieof t were

605

3043 1002163

zecelpiulLast Last

Year ianam 6707

Galveston 55003500 7255 un tcuees2o 10160 14671

thirteen

ere

to the Continent 80 10 France Futures de76

4om Futures advance

1003

416

IIId pdcen broke Tite outside publicblindly toUoed the

reluses to any The leaning bulls 0New Ire the princIpalct the bull but for at least

been

followers In

are so lIberal as make a

liLa infO too ninny wounds too mlllY severeand baa too

and

aout

111116

0

ol

Ute advancebe a bull again with the a 13 cents for a new

coursere

nla

s2oletfter

Ibo

Southern

al

Operators in the muke cannot take thts IS ahowever as the market has bid

only

for

In cotton IIId summer

but

tram

declinewasthe r

r w1 I

e

Or-leansNew

Las

a king

Ito

12

barLowest

1I1It 100

3340 oemto4a1

2

Augusta 516 II3100 2671 10-

2stLouls 381-

floustoil s50 554-

EsumaledDuel

icecSItouaton54OO6 1158

New Orleans 70600om

and

LadeSt

1142

bales 7

badly whlci-In past e leader

so0r65na now Vet

party

which

sooniloxuet

atren

SLId an active broker 9 am Juit as much

and

sirebeen

New Orleans at

a

slump

anas-

Ivity on the side untIl the market bate been

Lard

Coyfay 5554 5474 8434 1514-

luly 537443 13 42 533-

446t414 461 444 4434 4506-

uly 20340 4033 3834 3o33 3a

Oar

lay

lay

July 020304

July 9333

00743

95 84July 8354 8233 83

set

leerscot at 793053 per BepOrted esport for to

slimMedfor

eLla50 peT lb

oftree to slaughter were I37 1044 cars onsic4 active

the under grdes about steady In

I sales

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A Axre co BANKRUPT

One Credlt r Bowa la CtarlotU NWants SM80O9

Two petItions In bamkruptoy were filedhere yesterday against A B Baxter A CoIncorporated trading in stocks and cottonat 81 Broadway by Southern creditorsand Judge Holt of the United States Dis-

trict Court appointed E R L Gould formerCity Chamberlain receiver of the assetsand fixed his bond at 150000

The first petition was flied br John RAbney attorney for the following creditorsHarrison Watts of Charlotte N C 148127

for margins deposited between May 25

1903 and Jan 30 1004 In transactions lacotton stocks and grain and on account ofprofits thereon Charles I Brannon of

Qa 1600 margins on stockSeaborn W of Atlanta 1950 mar-gins on cotton and Hunter Pope of Atlanta

on cottonThe second petition was filed by Fried

A Czaki attorneys the credi-tors all of Macon Oa Joel A SmithSI 820 George 0 Smith 2505 and AdolphQrulln 200 claims for moneyreceived the corporation for useand benefit of the petitioners

RANK STATEMENT

Surplus neterret Decrease S3M1IIChanges in the various items f bank

statement yesterday were much more moder-ate than those which occurred In the state-

ments of the two preceding weekS Thloan account expanded br t4298700 depositsincreased 3212700 and there was a loss ofcash holdings to the extent of 12483100 Thelatter item came somewhat as a surpriseas Wall Street estimates had forecasted anIncrease rather than an decrease in cubAa a consequence of this cash loss surplusreserves fell off 1328275 Among the In

dividual banks the most important changeswere the National Parks loan Increase of4434000 the First Nationals increase In

cash of 5855100 and the National Cityscash decrease of 8763100

The weekly statement of averages tt tbsAssociated fink of the City of New Yorkcompares as follows with that of last weekand of the corresponding week one year ago

LoMVttrLoons WOdSOnOO H01il3100 KU4 UeaoDeposits 10Z7 158800 1JBS943JOO 401M100Circulation 4160 400 4279400 44174700

305800000 tMa477tOOtl78jn480lLegal tenders 72005000 7it37MO 75573WO

Total res 1278031000 tMI11000 t25S500700Reserve req 250780125 J64tS5KW 234Oi3OM

Surplus 21 42n5 t2S129050 1S5 IJ-

7RaUo reserveto deposits 271 274 Jfl

The changes tot the week are as followsLoans Inc t4JM7MDeposits Inc 3212700Circulation Deo lzaHOO

Specie Inc 4MIOODec 2J72JOO

D o t24 3100Dec 328027J

Surplus after deduction of US flop Dec 1287700

The amount of United States deposits shownIn this weeks statement b aof 5700 from last week It deposits weededucted from the aggregate given the surpluswould be 31060100

Below Is a table showing the percentages of cashreserves to of the more bankicompared with those ot last week

TMs tailWtet

Bank of New fork 20J 2 lHank of the Manhattan Company 881 384Merchants NationalMechanics NationalHank of America

OtChemical National

J294J58-25S271

American Exchange National 23B 2J5National Bank of Commerce 270 241Mercantile National 271 278National Bank of North America 338 257Hanover National 27A 251National Citizens 281 257Corn 355 275Importers and Traders National 24A 245

800 328Fourth National 283 285First National 314 25S-

Cnase National 258 208Seaboard National 284 273

Important changes from last week In the cubbanks and their loans are aa

followsLees

DankofNewYork Dec 13JOOO Dee S81000186000 Dec 53000SW10Q Inc 53500-

0MechanlcsNatlonaJIno 371000 Inc 35700-0BankofAmerica titoo Inc 15VOOO

National Dec 8762100 Dec 2200500Chemical National Dec 18300 Inc 43380-0GallstlnNational Dec 15000 Inc 87700

SMooo Dec 228000Nat Bank of Com Ino 1217000 flee 1S98SOOMercantile NationalInc 75000 Inc 077100Nt 631900 Dec 84700Hanover National Inc 2J1920O Inc IMlooNational Citizens Dec 109M Dec 199000Corn Exchange Dec 685000 Inc B2SOOO

Dec S0900 Dec 402000National Park Dec 1183000 Inc 4434000Fourth National Dec SMSOO Dec 524200Central National Inc 185000 Inc 24HOOO

Second National Dee 43000 Inc 4 M-OFlrstNatlnnM Dec 1080300

DaIneT 158000 Inc S59800

Lincoln National Dec 70900 Inc 65730061800 Deo 485WO

Seaboard National Dec 34000 Inc BSOonoInc 101800 Inc 283800

New Amsterdam NatDec 101800 Inc 250200

FINANCIAL NOTES

Robert W QtrTord who 1 a well knowncurb broker has bought a seat on the CottonExchange

Daniel S Peter of the Stock ExchangeOem of Peter A Van Du n has hissent for transfer to Peter Vredenbnrgh 2d

The stockholders of the MoVickar RealtyTrust Company and of the Empire StateTrust hold special meetings onFob 23 to consider a merger

The Stock Exchange received noticeyesterday that Biwln Jr had been

to membership In the firm of D 1

Sully A Co which has opened a branchoffice in New Orleans

The Farmers Loan and Trust Companyhas hsued a call the pn ment on orApril t of the fifth and latt installment of20 per cent to the capital stock of the Lackawannn Company The company Iscapitalized at t35ooo000

The International Banking Corporationand the Guaranty Trust Company have con-

cluded an arrangement the latterws ii in Shang-

hai and Manila and assigns tothe International Ranking Corporation Its

a wm e twocompanies have noted for thenov rnm nt aa fiscal agents In China andthe Philippines

Crirle rubber advanced lest week a rentsa pound for future to 1105 and 1

rent a for spot to 109 for up rimOne Pars

DAILY TREASURY STATEMENT

WAHHISOTON Feb 8 The cash statement ofthe receipts soil expenditures of the Treasuryshows

Recetpt1 tle024M t3 MVM US24Jt4fHExpenditures lsoo000 105innoo 32S2941M

The receipts from customs were M28437revenue H15S07 mlwfllaneoosH-

S524 national bank notes received for redemplon JOM818

The cash statement of the United States Treas-irer for Feb 8 shows

RBBKRW Townlold coin end bullion

ibId against notes and certlflcitM Issued jnfflTlls-GINBIUL rVND

Ibid coin anti bullion JSO244974Standard nllvrr dollars lloio 70Silver crrtlflcates 83S0783silver bullion 1505013United States notes 0012143-

atlnnnl honk notes 10070000Subsidiary sliver and minor com 1435543

Totaln national bunks

AwaitIng reimbursement

TotM-labilities

Cash balance

3141156857172251171

1104824

131457205585777031

Imports of General Merchandise and PryGoods

Imports of general merchandise sad dry goodsa at the Houie ta toO

with those of lait week and of the correspondng week one year ago

Tfltt week Last List reart3IO 3S9 t2tM4U I3422CU

General md e 802731H 0430078 87275M

Totals 112727773 t20 4380 112140271

From Jan 1 they compare as follows with listThis VAT LOU Veer

Dry oodi tlO 340iMGeneral merchandise 54118874 11185081

Totals 78 50743 70482 4

65

the

ThIs week La20 reel

Total reserve

flees

Week

294233255245277

held

Cash

Bank of Manhattan Co Dec13cc

Dec

Dec

Inc 5653tQQ461197 Dec 301300

Shod

TMi doe Thfe insetS Fiscal peir

Surplus 123745 32443565 54307244

todayfrom

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rears311297553

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TBEfiREEMEGI

Directors Vote foof BondsHave the Say

The directors of tCompany n

factions In thela headed by Edwh

Gates and the othoito an apparel

the method of ralsli-

votod to issue 1440

would make to8040000 U

proposed Issue stoc

right to i

now stock for eoldheld by them

no

of a stubborninterests o

Mr HawIn favor of raisingnt boi

will Street had si-

v en to untilto stockh

be aaked toInstead They mee

for a-

of stock than wasreached

there has since thethe compan

In Washington onGreene Gr

of that ci

had attempted to RI

bymarkto for the uabonds convertibleGreene said that thoand now held less thtthey have iivo men

directorsA director of the

meetingMr

slid Col Greene bi-

MK Gates had no tdirectors The tupWednesday at theAt that a vistock isue advised 1

and then there willMr Gates and hi

it may be ththe stock issue I d

itTho stock and rifiwhen issued were i-

nwrket yesterdaylOK up tosales of 3650 pliaru-wera dealt In lost

About 6015 rightdealt In i

sold as as 60 c-

ori the curb that mfrom sources

Interests in the co-

irUDGE CLASC

Barred From Tryper Suits

HELEN Monhasbeen dlsqualifiersuits pending betCopper Company aaffidavits continue t

rate all wthe objectionable Bi

affidavit was swornof the Amalgamateof the caso to theing Company and ot

s Vn affidavit by Wi-In the District CoviClancy from trying

Montana Ore Pureothers Mr Dudle-Becretary of thethathe believesliave a fair andthe bias oftdefendants and hisplaintiff

GOSSIP OF

Yesterday was thof declining priceabout the sixth dajthe market for ft ralweek nothing but 1

Judgment The fowiseemed niora confidecat conditions denialJ or 3 per cent anddeclared that thoIire se i Its advantagwas delayed the moronce it started Soton tho market for tbears who coveredprices BO lower IIthe worst bear of nilmight also be said tlis the man who cove

After the nprienrimont a coveringprices rallied front tlnor to convlncu Romlade of the shorthafp If only tempi

out the active listgathered utter the cl

was the Inrscst tinttime Timetlonntely largeadequate The stoolwere PennsylvaniaPaul Missouri iucil-ern Pacino nod Non

The demand for I

erred not 1

been That was iIn which tIm sixhad not Increasedbo noted It wasan Increase of thorates varied a Roodper cent terms lxSilent by the

A certain Improvethe buying in IVniYesterday Tlio fcl

hut a BO

was tnkfn on i

associated llnancinU-

Kroburgh A AttorbuCo nissell Cliupn-

ha tradersto be hea

The short interest ishas exlstid nine

At us thetcrday tho stock stfrom Its recent Inulnod taken plat wlUThe stock hud a vothan 120000 sharestwo hours trndlmrand buyers wasconfusion of tridlnjPrice reached 113

been discoveredhtml bm

stock at thin prlcnthe low nnd c

PercentSome of the leanm tho street have I

boitglInformation which

l7 reliable Thtonly explicit d

M In the marketu nces of a satiswoen the Oould a

now asserted thaigave this mf

to bo wronsf oth settlement

2 bank stutemi-

rnsfr to this sldi

SUOWDOWN N-

IS

NOW

C

this

con

a

then

I

that fai

01210

c

bUn

timEcu

sri

cluna nilalt

was

char

said

T8te iteavlcsL sellr

mil

are said

that

nun

bad

from

nub

not

a

Ito

Sit

of laut year447309 In loans

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