Show N. N Y Y STOCKS DECLINE I Reading Railroad However Continues to Rule I the Market Market I New York March 21 The t-The The London market market market mar mar- ket ruled lower Jower all ni around the opening here was wae fractionally depressed Toward Towar the time close cose It rallied although but bul slightly ht The vast ast dealings were a again ln In Reading This stock to k opened i lower ral rallied d declined 1 4 closing about 5 I Power lower National Lead at one time lost 1 per ver ler cent Northern Pacific PacCe lo lot lost t 1 per percent percent cent Anaconda 2 per cent Brooklyn Rapid Rap flap id ill Transit Transit ruled from to per cr cent lower loner Consolidated Gas was fractionally fractionally fraction fraction- tracton- tracton ally stronger er throughout hout Canadian Pacific Pa Pa- cic was not Inclined to fluctuate bit bitI but I Its allied stocks Soo and Duluth South Shore and Atlantic were duo tho to strong features of or the tho list of specialties Time The steel stocks stock showed a 1 slightly firmer firm firm- er Cr ton tone Great Northern orther preferred lost t I I per cent at nt the tIme opening but closed with witha a net nt rain Many Maimy ran of oC the standard railroads railroads rail rail- rai- rai roads failed to fluctuate over U 4 per cent between the he highest st and lowest In tho time list Distillers' Distillers Securities were comparatively active fluctuating over an nn extreme range of oC Th per c cent nt The commission com corn mission s was thoroughly flat Cat Th Time The tone was Irregular Reading reacted d at nt th the very er close a net loss of oC 1 I per cent Anaconda J was Qu e hea hea heavy Amalgamated remained stead The The bond bon list was without feature Th Thu-e Thu re was no chan change In time tho government bond list I Weeks Week's ll Ic levit Of or Trade Now New York York March 24 The The financial week has nas been more mort notable for tor what has not happened than for what has Some definite progress appears to have been mac made toward adjusting the differences differences differ differ- at time the conference and time Iho belief now prevails rath rather r more strongly than ever that the formal announcement an nn- num- num of ot a final nal settlement of oC this question queston Is near at at hand imand The markets abroad have ha taken more note of oC t Ae proceedings than our mr market et ha t I and ana u general Improvement In foreign orel n prices Is Isto Isto isto to be recorded for Cor or the Week cek Our market has hl been helped b by the time weeks week's developments develop develop- ments only Insofar as iS the recovery abroad Induces a n better beter feeling toward our securities on th time the part of or foreign speculators spec spec- as aR th they ma made e more certain of our ability to draw If IC need be on foreign for for- eign gold supplies The money mony problem m of a month ago atro alo however has imas disappeared from nil ni markets The Tho ht curious eurous part Dart of or the time weeks week's movement move move- ment on the stock tock exchange Is that the theoal boat oal stocks stock of oC both bolh classes ses should have stood forth foith more l prominently ca than lion anything anything any any- thing else ele on tho time list In the tlC tendency ward higher prices that set et In toward the thc end of oC the time week Those who arc are in closest touch with wih market markel affairs are uc loath to belev believe Hint the time very sharp rise In Reading ReadinG shares has hI been based more than HI upon time tho changes for Cor the time betterment In the anthracite labor out out- look ll They C arc more disposed to think that limit tho limo stock was repurchased extensively exten exten- h l on od Its Is recent decline b bv by the same samo capitalists who fl figured so prominently In la- la last lat t seasons season's eR ons on's remarkable rise Thc These c men tire ire re great rr t believers In Readings Reading's future or no strike The Time other incident of the tIme week sleek of oC great relt- st at Interest t was the time anu announcement un of ot time the contemplated Issue of ot IOrO New I I I York ork Central stock Notice of this ct was WItS served upon time the speculative community com coni- I without the tue least hint or warn warn- arning I ing and amid th this v was ns one OJe of ot the reasons no doubt coult why U It I occasioned a ruttier rather unI un- un pl shock The Tue assertion now made unofficially that tho timo greater part of tho time present n t Issue Is Ie In Intended to J er Co au outlay Ua for JJ Improvements hal has not left lef a n able Impression Comparison are arc mint mint- url ally nm-ally made bet beten cn en this and ant the time similar undertaking Ht of the he Pennsylvania three y yeats a ajro o. o which formed suCh RUCh fuch an aim Unhappy un- un happy chapter for Pennsylvania stockholders stock stock- crt holc holders If I timo J new W Now New York Central I Is to 10 be he used t c tI UK u It lt was first thought to tobe he be to 10 take lake over oer securities of or other Van Van- properties there would of court course he be an Immediate quid pro tiro quo In the thc shape C of Increased c earnings But nut as In Inthe Inthe the tIme case of or the time Pennsylvania It a will vIlL wi be bea a very Ion long while before time the vast expenditures for COI I property Improvement will wi hear bear fruit In earning power In the thc meantime mean mean- time there theres Is s a possible Increase e of oC five millions milons In annual dividend requirements to be met met with little or no Increase on present earnings The only mitigating feature In this unpromising outlook Is time the assurance that the time new stock will wi not be bc put out nil all ni at once hut but In such blocks from time to time lime as occasion requires In the time tl stock market generally the time position pOI poI- ion tion Is clearly a n strong one ono Neither the tIme ton weakness uncovered unco from Crom time to 10 time In special stocks nor the frequent hammering ham ham- mering of oC bearish speculators at al the general gen cn- cn merln eral fral list hint has hal caused any real liquidation lol i The market more than ever presents a out Hold appearance and throughout the time week stocks have Variably Invariably rallied more easily casH than tile they have gone Cone down The Thc reading of ot these signs unless all al experience once ence CalI falls fails Is that prices ar are slowly swingIng swinging swing swing- Ing upward and when the time coal troubles are settled one a way or time the other The ran range e of oC prices today v was aa as ns fol- fol lows Open Low 19 Clo Close Cloe e. e Amal Arnal Copper IWA WJ If Amal Am Car and F. F Il 41 11 mi tHi il 1 Am Cotton Coton Oil Oi 3 31 31 34 31 1 31 a 1 Am Ant Loco JI GS GS- 61 f SI I C I. I Preferred UI tG Am S. S and Ref I li I 15 t 1 Preferred Rc 21 Am Su Sug Ref Her t 1 1113 13 l 13 Ana Mm Co 66 6 Atchison ln 92 92 92 90 92 8 Preferred Bait and Ohio 10 10 Bal R. R R It T T. bl saw m H 82 1 S1 Can 1 n Pacific 1714 12 A 1 11 17 Ches Che and arid Ohio Sij SH rS K SS cs- cs CS Chi M. M and St St. P 1744 C. C 1 F. F 1 and 1 I. I 1 03 63 G t G 62 62 C. C and S S. 3 33 23 Hi 31 32 1st preferred 7 jO Hl jOl 70 70 i 70 70 i 2nd preferred Gl- Gl 53 1 51 51 Con Gas Gl H j IN ir Iti Distillers Distillers' Sec m I m 59 5 Erie Eric 42 12 12 42 C 42 43 I 2nd preferred t G feS 63 6 64 GH L L. and N N. 1 t H 9 Mot Moh st st- St I fly Ity- 1 12 12 12 12 Mo Io Pacific f 94 91 H M 91 M R K anti and T T. pfd id i 72 2 n 4 72 Nat Lead W 1 SOVi Sy 79 SO 0 I N. N at Y O. O and W. W 50 rm f. f S 50 5 i CO 4 ro Norfolk and W. W Si 53 S ss' ss f S S IS North orth Am 0 1 00 fo MV- MV rl Pacific Mall lal II 14 H H 11 44 H Pennsylvania 1 3 Peoples People's Gas 94 1 94 9 01 Reading 13 13 i 21 Rock flock Island Co 2614 M Roce Southern Souther Pac lac 67 Gin 1 Y 6 7 Southern n Ry fly 44 I 10 40 Preferred tOI LI I Texas Texa and anil Pac Th t 32 0 3 32 Union P Pacific 12 12 lI lS lc U. U S. S Rubber 52 27 5 52 U. U S. S Steel Z 40 33 39 t. t Preferred l ios 1 10 Wabash 22 21 22 1 22 22 21 Wig Wis Central 27 1 27 27 21 7 Preferred d il fH Northern Norther Pac I 21 m |