Show NARROW LIMITS OF SPECULATION I Money Outlook the Chief Factor in Inducing Restriction PROFIT TAKING GOING ON CLOSING WAS WEAK AND AT ATTHE ATTHE ATTHE THE LOWEST New York March 21 The narrowing limits mits of the speculation was a fact fa t clear cleary clearly ly b y defined by br the days events lE ric c stock took market and it is generally believed that hat the money outlook is the factor malt raak makIng malting Ing for restriction Not only was tho the volume of ot dealings largely curtailed but i the movement of prices was sluggish and uncertaIn The Tho hope that yesterdays lat late latt I and nd strong rally marked marke a resumption of ofle the le upward movement did not last Jact longer than ban the first hour today toda Pro was freely reely In evidence antI and there thero was not substantial demand to follow the sight opening pening advance in prices There was a L resumption of strength th at some points during dUrIn the rest of the tho day but it was in inthe inthe the he less Jess important grade of stocks tocks that failed ailed to impress sentiment in the same degree as similar movements in stocks of the he first class I Neither were these evidences of ot strength th well sustained the tim whole market showing the tic effect eff ct of tho the diminishing demand In la Industrials and specialties made up UI the tho largest part vart of the days showing of strength str The T e Southern Iron merger re To report port ort was revived r in full vigor vIlor and tho that railroad stocks sun stilt were rc TO to the brilliant business t pros ros p in that department of industry The Tim unvarying growth crowth and expansion re reported reported ported from all lines Jines of trade and In hi industry had a natural influence upon the th se representing different dJ ferent industries covered by these reports In addition there here were w ro many that dividend re ro resumptions and increases were in definite prospect which eventuated In the Ten Tenesee Tennessee Coal oal dividend divi The corn products stocks tocks were wt re to the tho rule and suffered from expressed doubts of or the tho maintenance of the dividend justified as ashe the he market closed d by the announcement of f a reduction Sugar reflected the shut shutting shutting ting down of ofIL ita 1 principal refinery In Inthe Inthe the he Chicago Union Traction stocks the tho obvious trouble was the action against its ilK franchises by the tho Chicago city govern government government ment mont In the railroad department while hUG I the he interest was small smail and the movement mostly abortive the reports upon which they hey the were based pointed to projects project of or grand proportions Thus it was said that Pennsylvania was taking over oyer Atchison with the purpose of guaranteeing a 5 per percent percent cent ent dividend on that stock flock There were vague Ya ue intimations of an aU im immediate immediate mediate dividend to b be forthcoming on Southern Pacific The Tue Chesapeake Ohio movement also was connected with divi dividend end rumors rumor These rumors proved to bo be boot bonot benot not ot very impressive in face of the modest dimensions of the tho resulting movements in n stocks affected The easier tone tono of the he call money market markt was attributed to the he passing of o the effects ets of the govern governments ments withdrawals of deposits from th tb the banks blinks last week It Jt was said also that some ome large holders of securities were transferring their stocks on a large larse scale to o London with a view to taking advant advantage advantage age of the thA lower money rates The effect I would be bt to relieve the local money mar martet ket tet of that much demand and It Is fR thought bought to lo confuse somewhat the tho es estimates estimates of ot the demand for our securities for or foreign account Time money was appreciably firmer and interest rates in that hat direction were lifted a fraction Sterling exchange in response e continued weak The belief was strengthened that money rates will shortly harden and spec illative ardor was cooled accordingly Something was wab made of or professed fears of foreign n complications growing browing out of or Venezuelan affairs but bul the growing weakness of the market was as attributed to disappointment over Oer the scanty demand for stocks The closing was weak and atthe al the low lowest 10 est eat of or the day Bonds were Ivera irregular Total sales par value alue United States bonds were all unchanged on call caU Bond Quotations U IT S ref rf s L u N unified Do coupon 48 4 U TJ S 5 Ss 3 reg lOHi 4 Manhattan con conD conDO rhy DO coupon gold 48 I U T S new now 48 Mex Cent 78 Do D coupon Do Jut 1st st inc 24 3 U S old 45 M 31 St L Is 36 96 9 Do coupon M 31 I K I T 2 Am m Cob Tob ob 48 Do SS SG 71 N s R n IR R n of or M I Do Du Ge t consol cons l 83 53 Atch th gen sen en Is X N Y Central Do adit 90 96 0 gen sen 38 Atlantic Coast CoastLine N Ic J Central Line is I 1 gen Bs Os h l Hi i B 13 O 0 North orth Pae lah 1 a Do s Do DoS Se 7 76 Cent of Ga N W V consol comic Do l 1st t tuc lime 32 92 9 Do Id d inc Ioe 71 O 0 S 5 L rfd 97 C Sc O 0 4 lOG Penn cony S t C A iti 82 4 Reading gen C B B Q new St L I 31 M 45 h 70 l consol US c n R i p K R KR St L cc S I IR F R 11 R 48 82 S fg hh Do col is 2 91 00 I St L S W con conIs conC conC C C C St Is 48 IsI I L 11 Seaboard Air AirLine Chi Term 97 Line Colo Cub Mid Ud 48 Is 76 6 South Pac Is 4 95 C S 45 93 South Ry fly Cuba Se 58 05 4 T P P D It H G T 1 St L IV W V S 55 is 5 SO 80 U P 10 jOSh Erie prior lien Hen Do COn coat 45 1 U F S Steel d Sa 94 Do gen Ren 4 hi 33 u isis F W D C Do Deb Delt B 72 1st st liO west Vest Md 33 J Val 4 lv V L JE l E 12 48 92 Japan fe GIs AVis Wis Cent 93 9 I Stock Quotations Sales Sa I eos hIgh Low Lo Close Atchison Atchi 91 II M 89 S Preferred 1100 10 A C Line 2000 HJ 11 Bal Ohio 1053 Preferred 97 97 97 Can Pacific OO lW C of N J 1 One Cite Ohio jJ 60 0 55 Chi Alton 41 I l k Preferred 52 81 S Chi hi G W V 2909 31 51 I 23 r Zt I Chi Chi hi M 1 St P 1 1 4 1 Chi T T 1 60 IS 18 IS 17 11 Preferred ISOO 1500 31 H i 33 as x 33 C C C St L 1 I 1 It 11 Colo Cole Southern 25 24 Y 24 Yr First pfd r soy Second pfd Sot 16 35 35 Dol Dl D 1 tu Hudson 1100 1401 10 VM 19 Del IDe L if mV V D B R H It G 31 31 n 31 Preferred Erie Eric 47 46 40 46 First t pfd 00 81 Sl Sif SU SJ SO Second 1000 68 67 4 Valley Vailey 94 l 91 W 93 Preferred Ja Illinois Cent Ct nt 2100 16 l i l ibO Iowa Central 1 1 Preferred 0 55 tiT 65 55 54 Ik K l 1 C Southern 28 Preferred iQ C 66 SI 35 fi Wi Louis LouII Nash 3 JJ 1419 HI Manhattan L 11 I 4 1 Met Securities 84 s Si Met St S1 Ry BIts 1 Mexican Cent aD 24 24 M ItT St L OO 3 02 G 61 M 11 St S1 P S Ste M 10 III US Preferred l p 16 Mo Pacific 1 17 M K T 31 Preferred 1100 07 ST b 66 05 N R It R H of 31 1 pfd 10 41 41 40 N Y V Central 1 61 11 N Y O 0 W V 62 6 t 00 66 Ii Nor Kor West SQ SS SS 4 Preferred as u Pennsylvania H P C C St L gi sI 82 2 So 59 Reading 9 94 First pfd 92 9 i 92 02 D 93 Second pfd u J 90 00 Rock Island Wl SU U 31 Preferred SOft i SQ SO g SO 80 St 51 L S F 2nd pfd roo 71 71 50 O n St L 27 7 26 Preferred pre erred 65 63 g 64 So Pacific 69 es 68 Preferred lOG soo Usi ns 11 So win sno 55 15 T 33 Hi Preferred 1190 99 99 39 21 j jI I k Texas Pacific 2500 2 53 39 s 33 so T St L 11 W V on 00 39 30 31 Preferred R SS Union Pacific SO OO I Preferred 1200 1100 J 75 71 Wabash tOO 23 22 Preferred 1700 46 46 45 I W Lake Erio Erie IS 1 Wis Cent 1200 1201 31 24 23 33 Preferred goo 53 3 62 S Adams Ex American Ex Lx I United States u 1 T Amah i Copper 62 OO St 81 79 Am c F 10 3 Preferred 00 Am Cotton Oil 31 1 34 at U 31 Preferred 95 9 6 16 16 American Ice Ico 5 3 I Preferred 33 S K XU KAm Am Linseed Oil 17 I Preferred 42 4 Am Loco 1 1700 T K IS 4 t I Preferred 2500 U I IAm Am S R J Preferred 1000 1 19 1 A Am Ant Sugar Ref 51 W H lit loll I Am An T r 1 pfd cert yoo WI It a D 96 J Anac Anae M Co 2700 l Yz 19 1 B R R H T 67 Gi 64 66 I Colo Cob F 10 I 1 55 00 51 52 c Con Cou Gas 2044 Corn Products 17 1714 14 H 11 Preferred 1300 50 70 67 G 4 Dis Bitt Securities S r 42 41 Ge Eleutrio Electrio atI Ili 07 Int mt Paper 23 2216 r 2 Preferred 7 75 Tnt Int Pump 37 Preferred SI Nat Lead 30 38 O ONo No American 1500 Pacific Mail ran O 2 45 46 45 4 Peoples Gas 11 A Pressed Prest ed S Car 39 18 S Preferred 2100 Ut Itt 92 9 91 y Pullman P Car roo 24 oIS 28 IS Rep Steel S OO 24 21 I 26 Preferred 6 OO SO 80 7 35 4 Rubber Gooda Goods 15 1500 JO 25 j 26 20 21 Preferred OS It Tenn C 1 i 1 94 4 91 n 91 U S Leather 11 33 J 12 2 J 13 3 Preferred 00 X l Y I U tT S Realty ReMit 4 94 f l 94 94 91 U S Rubber t ii 41 41 41 Preferred I U 17 S Steel Steal W 35 TS 36 35 Preferred 10 l 91 It t 94 Va Vs Car Cur Chem SO 35 St n rt 1 Preferred fM O II 1 1 West cst Electric I f 1814 1 1 Western Vestern Union 93 t 93 9 Total sales for time the day shares Treasury Statement Washington March 21 state statement statement ment meat of ot the treasury balances in the general fund exclusive of the gold reserve in the division of redemption redemption tion lion shows Available cash balance sold gold Money Silver Etc New ew York March llarch 21 Close Money on call all steady O 3 3 per cent closing bid 3 per par cent offered at 3 per cent Time loans firmer sixty and ninety days d 3 3 i 4 per cent six months S 33 S i per cent Prime mercantile paper 3 per cent Sterling exchange weak with actual I business In bankers bills at for tor demand demund and at for or sixty day clay bills Posted rates rales 4 and Commercial bills Bar silver 58 8 Mexican dollars 44 Government bonds steady 1 bonds bou f irregular I Metal Markets New York March larch 21 The London tin market was higher closing at s Sd for spot and anti at lOs for futures Lo Locally Locally cally the market was held higher in sympathy with the foreign Improvement Spot is Quoted at ro 5 Copper declined in iii London at 68 63 Sa ltd for spot SI ot and at 68 Us 11 for futures Locally the market is reported report d firm with very little if anything any offer fr offering o offering fring ing below 1537 for electrolytic Lak Lake in it quoted at 1537 15 2 1550 electrolytic l and casting at 1525 Load L unchanged at 12 Ss S 8 In Lon Len London LonIon Lendon don Ion and at in the local mar markut markut kut kutIS IS eUr also was trait unchanged In both markets remaining nt at t cz 23 5 SO l in Lon London don dOlt and at 6 25 5 in the thc local mar market marI mark ket k t tIron Iron firm MK sis 60 in Glasgow Glascow GIas o and aad I 4 jd in lit Middlesboro the th mar market market market ket is I reported firm with No 1 foundry northern quoted meted at 1795 li 1825 No o 2 foundry northern 1800 No 1 loon foun foundry I dry southern No 10 1 foundry southern bouthern soft 7 I |