Show I COMBINE PROJECT I MAY BE Standard Oil Oi Decision Has Ad Adverse Adverse Adverse verse Effect on Copper Producers STOCKS ON DOWN GRADE CENTRAL OF NEW JERSEY DIVI DIVIDEND DIVIDEND HELPED PRICES York Nov 23 The decision against the te legality of the Standard Oil 01 company In Its It present form for continued the disturbing influence In the stock mar market market market ket today It was most acutely manifest In the group of copper industrials The reason for or this was wa not that those th se com corn companies companies tire are lre particularly vulnerable to the tha tho effect of the decision but that an ani animated animated an mated speculation and sharp shar advances advance In prices of those stocks stock have taken place based on the assumption of a coming consolidation of the copper producers on much the same lines as are ar prohibited by the courts decision in the Standard Oil 01 case Assurances were given yester yesterday yeter yesterday that the I day with wih color of authority plans for harmonizing the copper Inter Interests Interests interests ests would be In nowise affected by the new developments Today however assertions were cur current cur current rent that the abandonment of the whole project was w considered pending the final clearing up p of the questions Involved by bythe bythe bythe the appeal of the Standard Oil 01 case to the highest court court Eminent corporation lawyers laWers and ad influential financial leaders leader seem united in formulating the view vew that the consequences of the Standard Oil Oi decision would be so dangerous and ad so harmful that steps will wi be taken by the lawmaking body to obviate them upon its Is assembling ass in December While the te authority of this opinion as asto asto asto to the harmfulness to the te corporations of the law is recognized in the stock market there the is less le readiness to accept that on the probable action acton of congress There is recognized the political difficulty difficulty culty culy that would arise from what would be In effect effet a bill bi for the relief of the best hated of all al the great get corporations In the popular estimation This consid consideration raton raises doubts of the readiness with wih which relief will wl be obtained from the evils evis complained of by the corpora corporations tons and the sweeping application of the terI s of or the law to all al trade combinations combinations tons The discussion of the subjects subject de develops de develops the difficulty of shaping a legal requirement which will wl at the same time permit the advantages of cooperation cooperton and economic division and secure the seure te benefits sought from competition ThE Th declaration 01 oi an extra dividend on Central trl Railroad of New Jersey ersey ral lied Reading froni fron Its Is acute depression owing to its It share in the benefits through holdings of stocks stok of Central Railroad of New Jersey erey The tracing of the course of this disbursement afforded an exam example example pie of the te complications of the Inter holdings of securities among corpora corporations corporations tonsA tons A rise in New York exchange at Chi Ch Chicago Chiago ago cago to 25 2 cents premium showed showe the re relax ra lax of pressure from the interior upon New York for funds Foreign ex exchange exchange exchange change rates rose quite strongly The short interest built buit up In course of the decline furnished a sufficient require requirement ment to work an effective rally raly in prices price Southern SouthErn Pacific showed some positive strength strEngth on the ground gound of the strong an annual annual annual nual report report Bonds were easy Total sales par val value valUE ue up UE 00 United States bonds were unchanged on call cal calStock Stock Quotations Sales High Low Close Als Allis Chalmer Chalmers preferred 70 5 5 53 6 i Amal Amal Copper 9 8 89 Amer Al 43 48 48 Am Am Beet Sugar 14 1400 47 46 47 Am Can pfd 1400 8 8 81 Am Car Fy 6 74 7 73 81 Am Cotton 01 Oil 0 00 4 68 6 6 Am H 1 L pfd 4 4 46 46 4 4 i Am Ice ho Ses Se s 10 1000 26 2 Amer Linseed 3 15 1 1 1 15 Am Locomotive 20 6 61 60 6 61 Am Smelt Smelt R 56 9 99 1 Preferred 13 1300 12 11 11 4 A Am Suga Sugar Ref 1100 1 L 14 Am Tel Tel 14 Tel 45 13 14 lUl Am Tab Tob pM 1 1400 9 99 9 99 9 Amer Woolen Wolen 31 31 31 3 34 Ana Ana Min Mm Co 51 49 Atchison lO 18 Preferred 3 10 At Coat Coast Line 3 13 14 BaIt Ohio 20 2000 15 l Preferred 2 O 91 91 91 Bethlehem Steel 7 34 33 31 Brooklyn R It T 50 77 76 76 7 77 Canadian Pacific 16 17 Central Lether Leather 36 6 4 45 l 4 46 Preferred 3 1 1 lk of N J S Ches Ohio 80 S 87 86 Chi lii Alton 86 ChI hi Gt Gt West 20 19 1914 6 20 ChI Chi N NC W C Mi MU St St P 1 15 1 C St 1 74 Cob Colo Fel Fuel I 0 50 47 49 40 Cob Colo South 40 01 55 5 5 W 55 4 1st let preferred S 80 S1 80 80 2 preferred 2 S 80 S 80 79 Cons Gas 15 15 Corn Com Product Products O 0 21 21 Del Del Hudson 0 18 Z R H G 48 43 40 48 Preferred 46 Dit Dist Se Sees 3 3 3 36 3 8 Erie 1400 3 33 3 3 3 1st preferred 4 48 48 48 41 47 preferred 0 40 3 39 Gen Electric 10 1000 1 y 10 16 Gt North pfd 75 HI Gt Ut N N Ore CUs lUi S 80 7 73 i 79 Illinois Cent Cent 1 HG 1 Met 10 2 2 34 9 MI 5 5 54 Harest Harvest l 10 1 10 1 Int Maine Marine pe pM 12 34 4 2 24 Inter Paper 4 1 15 15 Ii 1 Inter Pump 40 51 51 2 51 13 Iowa Central 2 1 K c Southern 13 1300 4 44 43 43 41 Luis Louis Nash 23 2300 11 Minn St St L 5 52 L Minn St p S Ste Marie 10 1000 13 13 12 Missouri Pacific 2400 70 0 i iM M K Texas 48 47 48 S 47 7 74 Nat Biscuit 10 14 14 Nat Nat Lead 1790 8 80 81 87 S 88 Nat Nat Rys of Me st preferred 6 N N Y r Cental Central I o 1 N Y Ont Ont W 3 4 4 46 40 Norfolk West WesL 1 9 9 95 9 91 North Amer 9 7 78 77 7 77 Northern Pacific 70 13 lL T 13 Pacific Mal Mail 1 1 44 4 42 43 Pennsylvania 32 13 peoples Gas 4 14 UI p C C St 1 L 2 95 9 95 9 94 P Steel Car 20 2000 5 52 52 52 5 Pul Pull Pal Pal C Car 10 19 4 19 Ry Steel 15 1500 51 5 50 5 50 Reading ms 17 16 Republic Steel lr 10 II 4 46 46 Preferred 40 10 10 10 Rock Island Co 3 39 3 34 38 3 Preferred 12 1200 7 77 7 76 l 7 77 St L San F preferred 18 1800 5 55 6 54 55 5 St Luis Louis S W 3 32 31 32 Preferred 8 7 71 71 Sloss Sheffield 7 Steel Iron 70 8 88 S 88 S 88 Souther Southern Pacific 1 3 31 3 30 1 3 31 Preferred 26 2500 6 69 5 68 68 Tenn Copper 41 39 40 Teas Tess Pac 2 2300 33 3 34 3 34 Tol St St 1 L W 3 5 z 5 so 5 Preferred 30 6 69 69 68 6 Union PacifIc 80 01 1 21 6 Preferred 3 1 1 U T S Realty 81 r IT S Rubber 2 2400 5 52 50 50 U S Steel 8 5 87 5 88 Preferred 33 14 Uth Utah Copper 34 62 58 1 60 5 6 Ch Chemical 13 1300 49 48 4 43 Wabash 16 21 1 19 21 Preferred 6 56 5 52 W V Marland Maryland 16 1600 1 33 3 Elec Elec 10 1000 85 84 3 84 Wester Western Union 10 1400 78 iHl 77 78 Wheel 1 L E 7 S Wl Wis Centra Central 2 6 50 5 50 so Total saes sales for the day shae shares 5 Metal Markets New York Nov 23 The market for standard York copper was lower and weak to today to today day with wih spot closing at 1035 No November No November vember and ad December at and January anuar at The London market also closed cosed weak with spot quoted at 59 Is and futures wea at at a 46 GO 60 Sd 6 The 5 London sales Included 40 tons of spot and 2200 22 tons of futures futures Local dealers say that tat the copper market Is very ver un unsettled unsettled te settled owing to the effect of the te Stan Standard St StAndard n dard Oil 01 decision on sentiment regarding the proposed merger of copper producers producer and that quotations are entirely nominal with wih lake l ke ranging from tom about abut 1325 3 1375 Electrolytic 05 casting S Tin was ws weak with wih spot closing at 1 31 November and December 34 January aua 1334 February February ary 45 The London market maket closed cosed easy with wih spot at 14 and fu futures futures futures tures at Sd 6 Lead was quiet spot 34 New York York and at 2 East St StLouis St StLouis Louis The London market maket was lower at 13 Sd 6 Iron 2 was wa lower at SOs EOs for Cleve Cleveland Cleve Cleveland land warrants In London Locally the theIron theIron theiron Iron market was unchanged No 1 foun foundry dry dr northern No 2 1501 1900 No 1 southern souther and No 1 south southern souther ern em er soft Treasury Treasur Statement Washington Wahington Nov 23 The condition of the treasury at the beginning of busi busl business busIness ness today was as follows Trust funds Gold coin Silver Siver dollars Silver Siver dollars of 1890 18 00 Silver Siver certificates outstanding General fund Standard sliver silver dollars in general fund fud J Current liabilities Working balance in treasury of offices offices flees 2746 In banks to credit of treasurer of the United States Subsidiary silver coin cin Minor coin Total balance in general generl fund 85 80 Money Sliver Silver Etc New York Nov 23 Money on called caled 4 5 per cent ruling rare and closing cosing bid 4 per cent offered at 5 per cent cent Time loans loas firm sixty days das 5 per cent ninety days 45 per cent six months i 44 4 4 per cent i Prime Pre mercantile paper 55 5 per cent cent Sterling exchange strong with actual business in bankers bills bis at for bills bis and at 48 for de demand demand demand mand Commercial bills bis Bar silver sive 50 Mexican dollars 43 Government bonds steady Railroad bonds easier GRAIN AND PROVISIONS Chicago Nov 23 Unfavorable crop news from Argentina which caused a strong opening here was supplemented by predictions of falling off in the move movement movement ment meat of wheat in Russia and by b a de do decrease de crease of 1700 bushels in the European supply for the week week These In Influences Influences held the market strong during the first firt half hal of the session pit traders and commission houses being fair bid bidders bidders bidders ders dersIn dersIn dersIn In the te final hour the market yielded to quite general profit taking brought out by a dispatch from Argentina to a local concern concer which discredited the earlier earler ad advices advices advices vices regarding weather conditions in n that country countr and ad claimed that clear weather was quite general generl and that har harvesting harvesting vesting had begun in the northern dis districts distrIct districts The market maket was also weakened by a decline at Minneapolis and ad Duluth The close was almost at the bottom Corn Cor was wa firm fir early in the day Later however the market eased off in sym sympathy sympathy sympathy pathy with wih wheat whet The close was at about the lowest point point with prices un unchanged unchanged Unchanged changed to c higher Trading in oats was extremely light and the market was steady Prices at atthe atthe atthe the close were a shade lower to c higher Provisions were firm fir Prices at the close cose were Sc to higher The leading futures ranged as follows WHEAT open High High Lw Low Close Close I Dec i Dec 10 10 lO May I 10 I I 10 July uly 9 97 97 97 9 CORN CORNI I Open I High I Lw Low I Close Close Dec 60 60 60 May 16 1 61 61 1 16 6 61 July uly 0 60 61 O 50 6 61 OATS OATS I Open I High I f Lw Low I Close Dee Dee 39 39 33 39 May ay 4 41 4 41 13 U 4 July uly 3 39 39 3 MESS I Open I High I Lw Low I Close Close Jan 2080 8 2100 2080 s 2090 0 I I May 20 2000 2 20 2000 I 2015 15 10 lbs Ibs t I Open I High I Lw Low I Close Close Jan an I lr 1192 1200 1192 1195 1120 May 1142 15 1150 1 1142 2 15 1150 SHORT 10 lbs Iba I Open I HIgh I Lw Low I Close Jan an 1100 I 1065 I 1075 I 1065 I 1075 May I 1045 1055 1045 1055 Cash Cah quotations were as follows Flour Firm Rye No 2 2 Z 76 6 6 Barley Feed or mixing ming 51 fair to choice malting 6 Flaxseed No 1 southwestern No 1 northwestern 1400 10 Timothy Seed clover 90 95 Mess Iss Pork Per bbl 2 O Lard Per 10 Ibs lbs Short Ribs Sides loose l short clear sides boxed 16 il Grain Statistics Total clearances of wheat and flour four were ware equal eual to bushels bushels Primary 1 re receipts re were 80 bushels compared with wIt bushels the corresponding day a year ago The worlds visible supply as shown show by Bradstreets increased Increase bushels Estimated receipts for tomor tomorrow row Wheat 45 cars corn 2 cars oats 82 8 cars hogs O head New York Grain New York Nov 23 Flour Receipts barrels exports 8 barrels barels Slow with prices price unchanged Wheat Receipts 39 bushels Spots Spot Spot I steady No 2 red rd 12 asked domestic elevator No 2 red rd 12 nominal f o b afloat No 1 northern norther Duluth lK nom nominal nomInal nominal inal f o b afloat No 2 hard winter nominal f o b afloat Options Following firm cables cable and ad on reports of unfavorable weather in Ar Argentina A Argentina I gentina and on fears foar of manipulation in December whet wheat advanced Y but de do developed de velo ed weakness late in the day under liquidation and closed at a net decline of 8 for December and 1 to lower for other oter positions Exporters Exporter three throe loads loads December closed cosed at May July 10 LIVESTOCK MARKETS Omaha Nov 23 Cattle 70 market steady feeders feeder lower native steers cows and heifers 30 60 western wester steers ster cows and heifers heifer canners 2637 stock stockers stocker stockers ers er and feeders feder 2 calves 70 bulls buls stags etc etc a 2 Hogs Receipts 60 market steady heavy mixed light pigs bulk Sheep Receipts pt 80 8 market market steady yearlings 5 62 wether ewes 3 lambs labs 6 Kansas City Cit Nov 23 Receipts 10 market steady stady to 10 lower native steers native cows and heifers heifers ers stockers and feeders feeder 30 bulls buls calves 0 western wester Steers teer 4 56 western cows 2 6 Hogs Receipts 20 lower bulk Of sales heavy pack packers pak ers em er pigs and 62 butchers butcher light Sheep Receipts steady muttons 0 lambs range weter 52 and yearlings 4 60 range ewes Chicago Nov 23 Cattle Receipts esti estimated est estimated mated at lt 2000 80 market steady beeves 38 a Texas steers ster 70 western wester steers ster 4 stockers and ad feeders feeder 6 Sr cows ad and halters helfers hefer 31 2 calves Hogs Receipts estimated at mar ket steady light mixed 8 heavy rough rugh good to choice heavy 7 pigs 6 6 5 0 bulk of sales 7 plO Sheep Receipts estimated at 20 mar ma ket steady natives westerns 2750 29 yearlings 52 4 lambs lamba na native native tive western wester Evaporated Fruits New York York Nov 23 Evaporated Apples Quiet November delivery delver 8 spot fancy new crop crP 1111 choice choice 1908 19 crop 91 prime 88 8 1 common comon to fair Prunes Firm California up to 2 29 6 9 uI Apricots Strong choice limi 1 4 extra exta choice choice 1111 fancy 1257 12 4 Peaches Strong choice extra etra choice 77 7 fancy fanc 7 Raisins R Unsettled loose loos Muscatel 4 5 6 choice to fancy seeded 5 seed less 3 London layers layer Butter Buter Cheese and Eggs New York Nov 23 Butter Firm creamery cemer specials special 32 3 do extras exta 31 3 Cheese Firm unchanged Eggs Firm on fresh weak on storage refrigerator special specia marks mark fancy 4 do firsts 2224 2 Chicago Nov 23 2 Butter Steady creameries 2631 dairies 2428 Eggs Steady at mark cases included 2025 2 20 Z firsts first 28 22 2 prime firsts first 30 Cheese Firm dairies daIre 1616 16 16 twins 16 18 16 Young Americas 16 1616 Coffee and Sugar New York Nov 23 Coffee futures closed cosed steady net unchanged to 10 points lower Sales were reported of 20 bags Including November at 63 December 63 January anuar 63 March 6 64 May July uly 66 and ad September 66 6 I Spot quiet Rio No 7 8 nominal Santos No 4 8 S Mild Mid quiet Cor Cot Cordova Cordova dova 1 Sugar Raw quiet fair refining 38 centrifugal 96 9 test mo molasses molasses lasses sugar 36 36 Refined steady stay Wool Market Boston Nov 23 A small smal selection has placed the local wool market on a very ver quiet basis There Ther is some sampling of California and Texas 12 1 months stock but trade is l very ver dull dul in territory and fleece feece wools Interest in 1910 clip is not so marked marked although all al dealers are preparing |