Show BUSINESS SLUGGISH i. i 1 f AT END OF BAD BAn i r f Many Causes Cited In I n Wa Wall f Street F For or Continued f i j r f Dullness IT Li New ew Yo York 11 May l Ja 18 N v changes chances chan cg In prices In the stock tock exchange u today were for 01 the most part lower lowe Oi teat cat Northern preferred down 1 h hall half al Smelting 4 1 higher and declined 1 1 J g opened 3 I higher and re rc reacted acted 4 1 Amalgamated gained am an and lost 1 Sc Steel preferred 1 8 1 I higher and lost 1 14 Pennsylvania wa tta as I off ofT 1 8 anti and Not Northern thorn Pacific 1 7 Tho Thu opening dealings g s were w etc so vcr f small as to cause a s sluggish luJ I h motome in prices The Thc holiday in London deJ de de- J 1 traded somewhat from the dealings dc dal e eNone None of or the chan changes exceeded a n. hat hall halland and the tho gains and losses Josses o es within this hi t- t range were Intermingled Considerable pressure deve developed t I against the thc local tractions The he general Kent gen Ken t oral eral list ignored this selling for awhile t tt a t and advanced ad slightly but later show show- F cd ed sympathetic heaviness ss and receded recedes f to materially below yesterdays yesterday's clos clos- In ing The declines of consequence ft were Intel borough Metropolitan 1 2 3 5 S r St. St Paul 2 Northern orthe n Pacific 1 2 11 1 Canadian Pacific and Wabash aba h 1 11 1 and and amI Great Northern preferred Mis lIs Missouri 1 sour Pacific Smelting and Central I Leathor Leather 1 At 11 1130 30 a. a m. m the market was z dominated by b the financial confusion resulting from the thc forcing of new se securities so- so for subscription on an already slight demand demanda wa was important movement movement move move- men ment and was attached attach cd to evidence that news has haM been offered on the curb curbs r s freely Chesapeake Ohio showed the market tone front from the beginning of or ortho tho the week being supplied whenever bids were made at continual conces conces- Today Todar tho the stock sold off olt 1 1 Governments unchanged other i. i bonds 1 lower Watch uch For lon Report t The stock larJ market cl has been heen sluggish and neglected this tills week and It is not expected that activity will revive e effectually until the years year's crop is Js t clearly clearl defined The effect on stocks s st t of or wheat wheat shortage is mod modified 1 by the I unsolved question of or o f the volume of or the C spring wheat crop and by tho the knowl- knowl K s edge of or large reserves of or last Jast years year's fiAt for which a a. profitable market Is as- as t Government measures against f t corporations have been brought blought Into rei re- re ref i f ed consideration by the reports of i drastic character of or the tho forthcoming fe Kr report of the Interstate Commerce rl commission on tho the Harriman invest invest- Mt Y 1 gulfon New capital issues and the expectation of or others brings brIng's forward I Y Ie t Into renewed consideration the tho scarcity J. J of liquid capital for the present rate of requirement tf The market marlet closed closed clo-Cd dull and i J- J lar The favorable bank statement caused causel some recoveries but hut they were slight t and fresh weakness s developed dl n in in spots nt Northern 1 I was L forced I r. r down J 3 3 St St. St. St P Paul 1 i Great t Northern preferred 2 2 1 1 1 Great Greal Northern certificates cerI I 1 1 1 2 1 and Louisville Louls and Nash Nash- yule me hall corn cOIn products preferred cd 1 It Pacific const coast t sold at nt a Cl of or 31 2 3 31 1 and General L Electric reacted to 1 4 13 3 J Pl below v last Jast night n More than hall cute one hall trading the or the the- trading ur n the tho tryst Rl week has b on In ill n un anti Union q This ThIll t how how- naturally Y drawn aU all attention I to UtO Lilo I ot of the Iho dealings that have I been heen place llaco in m t stocks toc since March Althou Although h the volume o of trading in there Is Missouri 7 Pacific is ever evel heavy y for the stocK generally a daily market But Hut in only three days y of or thi this week t was the stock sold at all on Monday y and es esterday Thursday yesterday yesterday yes yes- 1 j. r 1000 shares when the A month ago aJo volume of or business In the general mar mar- ket was double that of this week Mis 7 Pacific dealings were seven time larger Other examples might be bo taken taleen tale talc en In Erie ErIc Colorado Fuel Ho Rock k Island Islan Sugar Norfolk and Western c tern and ever even Amalgamated copper all nil of or which were dealt In this week to the extent exten of oC but 10 to lo 25 per cent of a month ago of or PI The range of prices was as follows Am Car Fd 37 37 37 31 SG G 37 Am m. Smelt 1 I o 1 12 1243 l Vb 1 1201 Am Sugar l 1 1266 13 A Cop l IH 95 94 4 24 H Ann Copper C i 4 g S 9 94 14 Sit Sh R n. and antI 0 OO M w j oG V 13 D. R. R Trans IJ S S ti 57 i Can Cnn Pac Pac 37 C C. and Ohio 37 35 L C. C M. M and St St. Pl Y 12 1 4 C. C R 10 and antI 1 I. I 31 31 31 11 31 ll 31 Erie l n 23 3 23 23 I J. J L. L and L II lUJ UY 11 Hi H Mo Io Pacific nc 14 74 7 74 iH 7 73 73 73 M. M K I und und-T and T. 31 31 34 31 SlA H X N. Y Cent z UW N. N Y O. O and W. W S1 t 3 H 35 35 33 N N. and W W. 76 70 74 76 70 iG iGNaL Nat NaL Lead 65 6 Cl tH 65 Nor NOI Pac 1228 28 1 Pennsylvania 12 12 Rending Reading 11 IOS 10 vi lon i Rock Island 20 2 0 U 19 20 Rep 1 L and S S. Ij 26 t 26 r So l H Ry y 20 0 O 20 19 10 4 19 So ac 83 b KM A f. f i X Union Pac i 11 lUTi U. U S. S Steel j 4 35 35 55 35 Prof PreC 99 W 19 90 13 d Utah Copper 25 S 2714 2 Tenn Fenn Copper CalIper 37 37 fc 2 Newhouse 16 17 Total sales TO 10 A SM s CASE Attorneys s 's c Leave for fOl St. St Paul to 0 Handle fiddle Appeal Attorneys W. W V. V H H. DIckson John A. A A 1 Street and W. W Van Colt left leit yes U h for fOI SL St Paul where on the lIlt or they with A. A Howal Howat who preceded ded d- d ed then them to the Minnesota capital are areto areto to 0 arguo for the smelter smeller companies 01 tin the case of the farmers farmel'S against the tho smelters smelt smelt- smelters II ers elS of this this' valley valle which was appealed 1 from Judge Marshall's Marshalls court to the United Slates Circuit court for tho the Eighth dl district This Is tho the case In hl which th the smelter pec 2 pt were on- on joined from maintaining an alleged nuisance it being chu charged ed that tho thu smelter smoke was injurious t to vc vegetable vegetable vege vege- table and animal life Ju Judge ge Marshall ruled that tho the smelters would he lie re restrained restrained restrained re- re strained from treating ore in n excess o of 10 per cent sulphur The Importance of or the decision has hascon been con greatly lessoned lessened ened by at least two or if the smelting smelling com companies panics the Amen Ameri American can an Smelting and Refining Henning company ind nd the United States Smelling Ite- Ite H fining Ining and Mining l company compall Ing ng to lO comply with the of f the decision by hy making certain I changes In Iii their plants and in the classes of ore treated while the other two companies concerned tho the Utah Consolidated and the Consolidated Con Con- Consolidated have decided d to build new now plants In Jn locations agricultural Interests SL will will not noL mot bo be menaced It ds r el that tha t tl c. c cos co's 1 I will 1 bo ho 0 carried to the United Sues Stales It SU nomo court that thul tho qU qu Involved In Involved In- In vo vel y U bo be Toi or 11 0 all suite I |