Show I PRICES AGAIN START UPWARD Supposedly Due to Closing Up of I f Short Contracts COVERING WAS GENERAL UNION PACIFIC RUMORS HAD H HAD D A GREAT EFFECT New York March 24 There was a pronounced p upturn in the tIne course of prices p rices on the stock exchange again to today today toay day d ay which was undoubtedly due in part to t o the closing up of short contracts put putout putout out o ut on the decline during the week Yesterdays Y market already Showed symptoms s that the decline had run rui to toL a point p where effective was en encountered encountered countered c and sufficient new buying de demand demand mand was met to support prices Bears with eith v uncovered short contracts accepted the t he warning and brought to cover very generally g today There was at the same ame s time a marked revival In lit the cir circulation circulation c of rumors of the same sante class and for the time most part identical in form I with those which have kave already served sered I many times to excite a demand for I stocks The strength of New York Central Union Pacific and Northwest Northwestern ern e m was a n notable case In point The information on the break yesterday was that control of Union Pacific had passed from its pres present present ent hands h Today Toda the information was I renewed that buying of the best char character character acter actor namely in the interest of persons already in control was conspicuous in mi both New York Central and Union Pa Pacific News or rumors of this thi char character character acter are of as great effect in the ex cx excitement excitement to speculation as the most moat ex cx explicit x announcement of plans affecting the control or operation of a The Southern Iron combination was an another another other project which was paraded before the imagination or Of speculators with proved effect as shown by b bythe the he wide movement m in stocks of that group The Thelong Thelong Thelong long time reports of a merger of lead interests was another effective instrument instrument ment meat in the upward movement of prices Old and new dividend rumors also played their part stocks In ill the rubber industry being especially af at affected affected The rhe Metropolitan stocks had the benefit of hopes of success in securing secUrIng ing contracts for further subways In er forts making on behalf of these inter interests interests ests Colorado Fuel was still in de demand demand demand mand on omi the strength of its sub subscription subscription subscription rights to new securities A glance over the list will show the Important part played in the recovery by stocks thus specified as us under In Individual Individual influences The reversal of sentiment on the general market situa situation situation situation tion was lS attributed to subsidence of fears of stringent money The headlong plunge Iq l the price of foreign ex exchange change was the principal factor in the tin S change of sentiment The indications thus given of the freedom with which whet L foreign money resources are becoming available to the New York market t proved proved greatly reassuring The Time price of f exchange waa tas W sJ pronounced to be in measurable distance of the gold golc import point and It Jt was felt that actual I ed for money here would lead leac I promptly to an ant a l inward movement of o r gold old Account was taken however of 0 r time the accompanying sharp drop In the thu Sterling exchange rate at Paris which 1 has hag fallen three centimes in the poun pour 1 two days past showing a consider considerable considerable able ble increase in the demand from that tha t Centre on London Estimates of the timi a domestic currency movement m indicated 1 a considerable loss in cash ash by the tim t banks on the thin weeks movement which h his I is practically measured by the sub absorption of up to t i Thursday night might But tho time sharp liquida liquidation lion tion of the week in stocks and the large resort report re ort had to foreign leaders lea ers is ex expected expected expected to result in mm a large contraction I In the volume of loans of the banks with consequent benefit to the surplus item The allotment to American subscribers of a full fun half of the time new Japanese loan was regarded as a highly gratifying evidence of the abundance of capital resources at a t command In Inthis Inthis inthis this market The in the thelast thelast thelast last hour was well absorbed and the market closed strong and animated at atthe atthe the time best prices of or the day Ia Bonds were strong Total sales par value United States coupon advanced 3 per cent on call Bond Quotations U 7 S refund refuge 23 Nash rogis rosis 11 unified is s 8 O OU U S refund re und Man Ian c g S Is coup 05 Mex Con 77 TT U S 3 r Do 1st inc mc 2 Wh U S 15 J coup IL M 4 St lit L I Is 06 S U S 5 n 11 r K ii T l U S n in Is coup 1 ds IT UP S o 0 48 meg fN R Ii j H of Mex L U S o 0 48 sl gl consol 82 S s Am Tobacco T bacco 45 JN I N C Hr certificates tI ca 74 N Y C neil gen g i Do 3 s Atch teh gen lM N oJ J C neil Ken en I Do 46 96 No Pacific Is io At C Line Is Do 76 B O 0 Os is t N W V con Do J s 95 O 0 S L 97 C of Ga La Ipa Pa cony IGI 4 Do 1st inc Ine 92 tJ Read gen 48 Do d in me mac 71 St L L 1 M C 8 Ohio 4 consol Ss 55 Chi hi Alt 3 s 52 St L JIo S F 1 C B Q n It 4 99 fg Cg JK IO C R B L I 8 P PR II R St L 1 Sw con coin R JL 52 2 45 Do eel col La 5 M 94 MC Sea Air L Ti 45 90 00 C C C ii St L So Pacific 93 9 gou gm J 10 So SQ Railway Chi Ter 97 Tex Tox Pac Colo Cob Mid lUd 75 T St L W Vt Yo Colo Cob i So Is 95 93 S SCuba 6 Cuba La 5 ion Pacific D R H G C Do cony Dis DiB J bs 5 SI S1 IJ I S Steel d La 55 WS 94 Erie BrIe pr lien Wabash Do zon Js is Do deb dab B Ft AV W Y D C West Vest t Md 4 48 93 9 1st st Ill m W V L Erie 9 92 Hock Val Viii 4 l Wis Vis Central 91 Japan Gs 6 it Stock Quotations Sales aloo High Low Close Clo c Atchison on 90 x 0 Preferred 2200 2204 O 1 1 Ia 10 At C Line 2300 2504 B Ohio 08 Preferred 96 s Can Pacific P Central C of N NJ J 5 19 l 1 Ches Ohio SS Si 57 fc Chi Alton Aiton 00 41 41 Preferred tOO 10 81 SI St S SO 51 SOChi Chi Ohm Gt West 2000 23 i 24 Chi hi 2400 2410 I C M 1 St P 2200 00 1778 8 17 i iChi Chi Ter Tar T r 18 IS 18 IS 8 I Preferred 36 35 X r C C St L I 1 l lOS Ms Colo South 31 24 21 2894 23 24 tt I First 00 60 6 60 roo 50 Second W 35 36 36 35 Del Hudson 1600 ISS i 1 4 D 1 R B G v 0 s aa I Preferred GOO COO SO 59 Eric Efte m 2650 46 4 W 4 8 4 First 1100 1109 SI 51 SO 50 14 i I Second 2800 SOO 6 67 I Hock Valley yancy 91 9 94 91 MM Preferred d 00 9 93 J 93 34 4 93 91 Iowa Central 28 27 23 Illinois Central Cen ra 1000 1 1 1 1 Preferred A 54 4 8 si 54 Kan City So 00 28 S 23 29 Preferred 65 63 65 6 Louis L 0 IS Nash N as h 4 50 Manhattan LA A Met T Sec 1 oca Si 87 Or l n I I J t 4 2414 t tJ J i Minim lInn St L OO 63 62 62 61 Minn Minni S P F S J Ste M or US n UT Preferred Pr SOO ISI Mo 10 Pacific 0 10 M ti 1 K T MO t 31 31 31 34 preferred Preferred 56 65 66 66 N R R of or Alex 5 preferred l 40 X N Y Central IGi N Y o 0 W v sevi 50 S s K HI 1 Nor N or West V st asoo 35 5 Sti S Preferred 93 95 93 9 92 ro Pennsylvania Pt P 11 P C C C St L I 84 11 84 54 83 SI SIR Reading R 9 14 i Vl 95 IS s I First 91 31 91 21 91 Second sa 50 Rock R ock Island Co 1100 34 33 34 Preferred SO ro iU 20 S L S F P SS Second pred u 70 St S t L Sw S w 1100 26 26 6 26 25 6 Preferred 2100 5 65 t 64 South S Pacific 6 17 T 7 67 Preferred erred 11 1 So S o Railway 2500 iG 36 30 34 t 35 5 ST Preferred 38 S 17 97 97 14 1 Tex T ex Pacific 56 37 3 38 T St L O AV W Y SOO 35 37 5 i Preferred 57 7 57 7 7 74 4 Union U nion Pacific 32 1 UW Preferred 1101 90 W l 4 l 1 9 W abash h 23 22 Preferred 47 17 J k 45 46 4 w Yo V Lake Erie IS 35 Vis Wis Central 23 25 2 23 Vt Preferred 90 ilS roO 66 52 dams Adams A u stI u Amer A mer Express s U U lJ S Express t V arbo Ex so s Amab A mab Copper opper i I 79 33 79 4 Amer A AA mer Car F as 33 35 tS 33 Preferred MO roo 00 00 Amer A mer Cot OH SI 31 t Preferred l ref 92 m merican American A Ice SOO 5 i 8 Preferred Pr 10 3 Vi 39 Amer A mer Lin Oil 17 17 37 17 1716 Preferred Pr 45 4 43 44 H Amer A mer Loco 45 47 47 47 Preferred I Amer A mer S Re 2300 1008 10 1 Preferred 1400 lO 12 1 Amer A mer Sugar R H 14 HI Am A m To 97 91 8 OO 67 Anaconda Anac A nac M 1 1 Co lIt lit 16 Brook rook B Rap T 63 67 67 Colo C ob F Ii Iron 50 i 57 55 S C Gas 1000 2 Q Ii Corn Com C CC orn Products 2300 2100 14 13 1 33 13 Preferred r SOO 65 66 64 k 6 61 Distil D Securities 42 12 IZ Gen G en Electric 11 I I Paper 22 21 23 1 22 Preferred W 00 8 75 77 6 77 17 Int l Pump Preferred Sf National N Lead L ad 43 30 43 North N orth American loo 1 1 Pacific P Mail 1600 45 4 14 U 44 41 Peoples P Gas s 00 11 1116 Press P PP ress Steel Car 2414 39 33 39 Preferred 93 9 83 pt l 93 53 Pull P ull Pal Car 1400 2 II 9 B Steel 21 ns 20 O 21 l Preferred s 52 7 ift 79 Sl SJ Rubber R Goods 31 51 26 6 30 O 1 Preferred 97 i 95 93 97 Tenn T erm C Iron Ironi 5 97 91 9 97 U 1 7 S Leather 12 12 1 12 1 Preferred 1044 lIMY U IT S Realty REa It 93 13 III 93 TJ U I T S Rubber 43 45 41 42 4 Preferred 11 S U S Steel 35 3 34 Jt 35 Preferred ferrod u Bo 94 95 Va Curo Chem Cheni COG 34 34 N 34 Jt Preferred lOS 07 S West Electric 18 ISI West Vest Union 92 92 92 9 Total sales for the day shares TreaSury Statement Washington March 24 state statement statement ment meat of the treasury balances in the gen gait oral ral o fund exclusive of the gold reserve r in the division of redemption shows hows s Available cash balances 7 30 gold cold Money Silver Etc New York March llarch 24 Close Money Mone on call c alls firm 33 per cent closing bid 3 offered 3 per cent time loans steady teady stead s sixty days and ninety days 3 3 per cent six months 3 per cent Prime Primo mercantile paper 34 per cent Sterling exchange weak closing steady with actual business In bankers bills at 4 for demand and at 4 for sixty days posted rates 4 86 commercial bills 4 Bar silver sliver 57 Mexican dollars 44 Bonds Governments firm railroads steady stead Metal Markets New York March 24 The London tin Un market was lower spot closing dosing at 13 lOs and mund futures at The local mar market market ket hot continues quiet with prices lower in ins ii sympathy s at 9 7 Copper advanced in London closing at a at t 67 iLs for spot and 68 Gd for futures t Locally the market is quiet and without t I material change Lake is quoted d at 1537 l r 16 1550 electrolytic tic 15 l and cast casting casting st ing 1525 1523 Lead was lower at 12 Ts Sd in London but remained unchanged at lo ho locally cally call Spelter closed at E 23 Es Sd in London J and md was wai dull in the New York market at a aIron 61 Iron closed at Sd In Glasgow and amid 49 in Locally the situation was wa J unchanged No 1 foundry northern is quoted at 1795 No 2 foundry northern No 1 foundry south southern ern and No o 1 foundry southern soft 37 17 1719 3 9 |