Show FINANCIAL and andL I L COMMER COMMERCIAL ClAM BY THOMAS C. C ELL New C York Fob 25 Amalgamated Copper took tho the place of 01 Steel today as market mallot master The Tho price broke nearly 5 6 a n share i In tIle the early trl trading ln and after aCtor a n slight recovery yielded again The Tho reason Is I that thal an market Is 18 to bo be declared in copper metal metal met mol al tho the gamo samo as al in stool products Selling Sell Sell- lu ing lilg of or the stock camo came chiefly from flom pel persons ons closely t Identified with wih the time United Soiling Selling company Tho The plan now seems scenic to bo be to offer the tue metal down lown till tl an actual market i JM Is created for tor It re regardless of what other stocks Ja may be on un hand It I would not surprise Wall ValI Vil street streett t It ta a cm n now no low price were made mado mato for or copper metal Production in most of ot the tho ranges ranged between 10 and 11 1 cents A price of 11 1 cents would close fourths of ot tho the tames In time tho tle United States Stales and effectually curb the d de dc- dc cline After a C strong opening Steel shares also declined again nin u dragging down tho the entire market market A rall raily en ensued n SU sued tol followed owed in the late Inte trading b hy anol another 11 decline London was WI a n fro fre tr seller Boiler goler throughout the tho session reported sales of the tile accounts of ot man maii mal persons persona who bought bought in the tho panic panl ot of ota afa ofa a year car n ago o. o Professionals Professionals' have be ben benon n non on top of ot tho thio market and several f m. m f tho w well ivell l known plungers of 01 Wall Yal street stroet are aro getting busy ag again ln So successful Ita has the time party paty been Loen recently that Its ranks are growing to unwieldy proportions Janice James 11 n. IC K ene gets the thc credit In street gossip for tor leading tho onslaught onslaught Unsettlement In Iii the thE copp copper r and steel shares naturally had 1 its elect on 01 Smelters and this was Intensified b by the action acton or of the thc National Lead company company com corn pany parry in lii reducing the price of ot lead pipe All Al the priced low d stocks upon tho the curb market also turned weak weale In the afternoon afternoon afternoon after after- noon most of or them selling at new locIs lov- lov lo cIs for tho mortgage Time The he expectation of or stool men Is that the ways and means committee will wil report a tariff bill to Congress providing ing for reductions In steel schedules of from 20 per cont cent to GO 50 0 per pOI cent cent Railroad d earnings reported today tolay compared very ory favorably with wih those thone- of or a year ear a ago o but tho tIle street did not forget that that last years year's earnings s were at the bottom of ot the panic panic and th th good oo l reports therefore had In In- In 11 fluence on prices Bankers ers closely allied with wih tile the First National lank hank Insist they thoy have correct Information from Washington ton In re regard regard regard re- re gard to tho forthcoming decision of tho the Supreme court upon the commodity clauso clause of the Hepburn law One Important report of or the day was that the time Soo had found round a a. wa way of ot controlling con con- trolling Wisconsin Central without conflicting with the law which forbids the thc giving of ot a proxy for tor more mono than one year It I Is now said sail that the tho Wisconsin Wisconsin Wis Wis- preferred stock which agrees to accept a one per cent guarantee divi den lend with wih a surrender ot of of voting power will wil be bo deposited with wih a trust company company com coin pany and against this the Soo Soc will wil Issue a new security which will wil be negotiable in the market the tile same as other stock It I will wi probably be c called Soo L Leased ased Line stock A small smal minority of or Wisconsin Contral Cen Con trl preferred will wi probably not bo be bl e exchanged c for this new issue and this non assenting non stock will wil share in any extra dividends declared by bv the time 18 Central The Tho noil non assenting stockholders stockholder however cr will wm not have I the guarantee of an any dividend what what- ever e This clears cloar up tip tho the last obstacle and ant the time deal will win probably be of tIdally officially I announced as closed early carly next week Wisconsin Central common was very VEry stron strong today as a result of or this ar al'- ar- ar I. I In lii UH Street Number of sold toda today against a year ago Par value of ot bonds aJo sold sohl today against 7 a year ear ago age alu Anthracite operators expressed opinIons opinions ions today the time continuing belief baBet that had been current In Wall Wail Tal street for tor some days das that no imo concessions whatever whatever what what- ever e will wIl bo be made to the time miners when tho the contracts expire on April 1 1 It I Is Isnow Isnow Isnow now agreed among among operators that Unless un Un- un- un less Jess the tho men yield at once the tho mines will wll bo be cloud closed Should a a. 0 strike follow thu tue thO usual usual sprIng reduction will not bo be made to tim tho j public s. s Tho The Tennessee Copper a I statement of ot earnings for the time vt ai ended December 31 SI was I Issued tola I It t showed profits for the year cat after deducting for fOl depreciation upon upun the plant In Tennessee of ot 36 Out o of this a dividend amounting to 20 was paid mald on September 30 1905 leaving a surplus of Tho The company cum com pany states that the te cost COt of production tion ton of ot electro copper coppe after allowing for gold and silver was 1096 1095 cents siver L i t pound The Time total cost of or producing and marketing a pound of tome hue cOI copper per In lit Including cost at nt works etc was 1059 cents of Quotations received over private wIre of or James A A- Pollock Co bankers and brokers 6 S West Veat cst Second South street I IL I L. L I Cis Sales Sale Am mn C. C I F. F 17 ts 15 IG 16 Ani Am Smelting Si 81 78 1 Am 50 O 49 60 50 1000 Am m. Sl Sugar ar 1 mal Copper 70 Anaconda COIl COl 11 38 3 Atchison 9 2 10 1000 Ii D. antI and O. O 1051 1001 Brooklyn IL It T. T 69 OO Canadian Pacific 1591 1681 2000 Cues Ches anti and Ohio 1 64 C. C M. M and St. St P. P 11 11 1121 Cob Colo P. P and I. I 1 a 31 30 1800 I Erie 0 26 26 G Con Gas 1231 12 1 f D. D and H. H G. G H 41 iU 2500 Great GreM Northern i 1 1395 1371 f 13 Illinois Central I 1500 Lou and Nash r u I MissourI Pacific CT Ci 6 3 OU M. M K Ii and T. T 6 1 fOO X N. Y Central 1231 1211 lA 1 1221 SWU N. N Y O. O and W. W H 14 2900 90 Nor lur and nn West S 85 SG 86 OO National Lead 73 7 72 72 1 Nor Pacific 1311 Pennsylvania 1281 2100 2100 Gas I. I 2900 Reading 1221 12 10 19 1120 nOl 16 00 Ho lt Island 1 21 1 U U 0 preferred 60 59 He Item 1 1 amid S. S 19 18 18 j. j Southern H 3 t 3 23 I 2600 Southern Pacific lG 1161 l 1151 15 1151 Union Pacific 17 1753 2 17 1 1 1 2600 17 U. U S. S Steel cel 4 Ii 12 o do preferred 1071 SOO Utah Copper Coppel o 1 39 1600 Tennessee Copper 37 36 1500 4 4 H H 44 1600 Total sale sales lO 5 Money Ioney closed 2 per por |