Show RAm BY THE BEA8 B I Short Speculative Contest On New York Stock Exchange I THE MARKET WAS ERRATIC AT FIRST RECEDED THEN GRADUALLY TJALLY RECOVERED t features of Confidence Were Lack of Strain In Money and Sterling Iron and Steel Weak Firm Cables Ca-bles and Light Domestic Receipts Give Wheat Steady Start + New York May 12The bulls had the better of the speculative contest today but tho edge was taken off the rise in the last few minutes of trading by a vigorous bear raid The contined purchases pur-chases for London account and the lack ce of traIn in either the money or sterling exchange markets were features of confidence con-fidence Moreover it was announced that the final 30uOOOO warrant In connection with the SpanIsh Indemnity would be deposited de-posited in a local bank which announced that all the needed exchange had been secured and this was favorably interpreted interpret-ed as to Its probable effect on sterling exchange The known movements of money althoug often misleading were thought to forecast a favorable bank otatement as there had been but few known Industrial consolidations financed At times the stock market was very ermtlc There was first a recession from opinion high level and then a gradual recovery re-covery until near the close Sugar moved over a ralius of nearly ten points and closed with a rise of C Brooklyn Transit p lost nearly a point net but closed nearly two points above the figure reached in I the raid American Tobcc lost nearly three points after a dip of twice a much Metropolitan dropped to 21S14 jumfed over six points and left off with a gain of over two point The Iron and steel shares were rather weak as were the coaler but thu Pacifies and grangers I were strong with fractional advances ap peiring pretty general in tho rest Immense Im-mense blocks of highgrade mortgages were taken today at improved prices and the strength of these issues exercised a stimulating effect on the speculative I liens lens I Considerable I activity was noted In bonds The market I generally Improved I I Total sales 4530000 United States new j 1 i 4s and the old 4s coupon advanced U and United States 4s registered and the 3 6 I in the bid price regstere The total sales of stocks today amounted amount-ed to G29JSO snares Including American I Hoop 9400 American Steel Wire lo 0 Amerca Sugar 10S SOO American Tobacco To-bacco 32300 Anaconda Mining 7000 I Atchlson 5000 Atchison preferred 29 SOO B O AV 1 111CO B Ac O preferred 3300 Brooklyn Transit l 6 Central I Paci c ESOO C B Q rights C 300 C j Q 14200 Chicago l Con Traction 4 = 100 Chicago G AV 5100 Con Tobacco lS6 Con i Tobacco preferred 4 100 Federal I Fed-eral Steel 17500 Je era Steel preferred 4 500 L N 10200 Man Con 27 300 Metropolitan Street Rallvay 6100 Mexican Mexi-can Central 5600 Missouri Pacific 4900 N Y Central 3 300 Northern Pacific S 700 Pacific Mall 650 Peoples Gas 14 H h t tIng 800 Reading first preferred 31 Reading I Read-ing second preferred 4 200 Rock Island 72uO St Paul 20000 Southern Railway preferred 3000 Tenn C I 4 300 Union 1 h Pacific 9700 Union Pacific preferred 7 t 401 Western Union 3000 I I I Bond Quotations j ITT I I-TT S 2s reg 55iN Y C Ists11 I U S 3s rebl0S 2 X J C gen is 120 1 I U S 3s coup 10SH Nor Pac Ists 120 U S n 4s reg 129 Nor Pac 3s 6 1 U S n 4s coup IffiSj Nor Pac s10t I U S old 4s reg 112S8 N Y C St I I U S old 4s coup113l L 4s j 8 g 01 n Wt1O U S s regll2flNor West I I District 3 6511 Con 4s 941 i Atchison 4s lOPIXor West Atchison adj 4s JCA gen Cs 131 I Ches Ohio 3s HSU Ore Nay Ists 114 g u9 m 1 g jM Can South 2dslll Ore Nay 4 Is 103 Ches i Oc As ii O S Lv c m f vu u 0 > > VI u7 C N S F Reading gen 4s 1138 deb 3s 12lR = G AvT Ists 9S Chi Term 4s 1TOH St L Iron M D R 11 1511054 con 5s 110 1 > R G 4s 102U St L San FEast 104 F-East Tenn Ya gen bs 124Vi Ga ists10I1SL Paul cons 158 S Erie gen 4s 7m St P C P Ft Worth Ists 123S8 Den City 1st 8 St P C P Gen Elec ls1H 5s 123 G H S A Cs 114 S Railway 5s 110 G II S A Standard Ropo 2ds lll Twine 6s S H T C ts113 Tex Pac Ists US I T C con Tex Pac Ids 513k 6s 1121 Union Pac s1Oy la Cent Its1U = AVabash Ists 115 K C P < G Wabash Ida1G ists 653i West Short 451H L N Unl 4s 9S = AVis Cent Ists 70 M K T 2ds 6uV Colo South Js MVi M K T 4s Wi Stock Quotations Atchison 1S 4 St L S AV 13ad Preferred CoS Preferred 31 s Bait Ohio t ½ St Paul 1M Can Pac 1I13 I St P Om 92 Can South 5 Preferred 170 Cent Pac 47 So Pac 29U Ches Ohio t So Railway f P Chi Alton ICO I Preferred 51 Chi B Ql Tex Pac 20 Chi E 16 Union Pac 43 4 Preferred 121 Preferred 7C Chi c AV Hs Wabash T3 Chi Ind L 9 I Preferred 21 4 Preferred 4J Wheel L E 104 1 Chi N AV 1534 Preferred 104 j i Preferred 192 Adams Ex110 I C C C < St L 55 American Ex 140 Preferred U United 1 States 47 I Del HudsonllS Wells Targo 12T Del L AV IfGA Cot Oil 2514 D i R G 23 i Preferred 9114 Preferred 776 Amn Spirits 125 Erie new 12 Preferred 3 First pfd 344 Am Tobacco 100 Ft Wayne ls Preferred 141 Gt Nor pfd 1S5 Cons Gas1S4 Necking Val 101 4 Com Cable Co ISO Illinois I Cent 1144 Cot F Iron 4114 Lake Erie nl W 17 Preferred 110 Preferred 6 Gen Elec11614 Lake Shore 19S Haw Coml COJr Louis Nash 6o i B R Co11S tfaEh1 t nl 1 a il 49Vi I Met St Ry222 Preferred SH Mich Cent113 Laclede Gas 53 I Minn St L 57U Lead n First Ifd100 2 Preferred ILi Mo Pac 4414 Nat Lin Oil 4 Mob Ohio 40 Pac 1a1 f Mo K T 12U Peoples Gas lih4 Preferred 34 Pullman Pal 15SU N J Cent112 Silver Cert 61 N Y Cent 133 Standard Rope N Y C St L 12 Twine S i First pfd 65 Sugar 154 I Second pfd 30 I Preferred 11G l Nor et f 19 T C Iron 5 7Co Amer Co 1H4 U S Leather off S No Pac 50 Preferred 70 I Preferml 6i U S Rubber 51 Ontario K AV 24 t Preferred 114 4 O R N pfd 6 West Union 91 Pac Coast 1st Amn Steel l i pfd S I Wire Co CSV Second pfd 57 i Preferred 97Vt Pittsburg 1S4 Fed Steel 61 > 4 Reading 3s Preferred 6y 1 First pfd 5614 Pac Coast 3S I I R G AV 34 N AV pfd 67 Preferred 76 Cob l South 314 St L S F HH 1 First pfd 46 Preferred r1 Second pfd 1714 I Second pfd 37 Rock Island 17v t Loans Exchange and Silver New York May 12 Money on call 3Vi > k 4 per cent last loan 3 1t4 per cent Prime mercantile paper 35T4H per cent Sterl ing exchange steady with actual business In bankers bills at 4 E6 4i4S7 for demand and 4S44 i4S5 for sixty days posted rates 4S54 S6 and 4S74bS < commercial V com-mercial bills 4S4 > I Silver certificates 61QE2 Bar silver r I 1 Mexican dollars 4S Stocks at london New York May Commercial Advertisers Ad-vertisers London financial cablegram The markets here were less active and t t less strong today Americans opened hard Country buyers closing their accounts ac-counts and there being some fresh London Lon-don buying New York accepted tho rise for a hour then the market slipped away to the worst Enthusiasm is l evaporating i here Berlin is still buying Canadian Pacific 6 Pa-cific Tintos were 4si 49H Anacondas l 15 sic Utah S Boston 2 1 Money was L stiff and on the settlement there was a little borrowing at the bank Silver was dull There was no pressure to sell but 1 absolute Jack of demand The chancellor of tie exchecuer has reduced tho new > tap duty on Aroprcan cerIflcates from I shillings to 1 shilling The Japanese P loan of JKKMXXX is big underwritten day and will probably be offered In a Jew F 5 Metal Quotations I I Kew York May 12Tin and led scored moderate gains and other metals exhibited exhibit-ed steadier undertone throughout the i day than has been manifested of ll late Business however was on narrow lines Advances from primary points and abroad was chiefly of an encouraging character At the close the metal exchange ex-change called nominal Pig iron warrants quiet but firm at 1125 Lake copper quiet at 19 00 Tin higher with 25 5 bid and 25 60 asked Lead firm with 4 45 bid and 45 asked asked Spelter unchanged with 675 bid and 700 The brokers price for lead is 4 23 and for copper 1900 Condition of Treasury Washington May JTodays statement of the condition of the treasury shows Available cash 259727542 Gold reserve 231437925 |