Show MARKET ARKET WEAK PRICES lOWER General Course Downward With Drag Applied I at Times COPPERS UNDER SUSPICION PRONOUNCED SLUMP IN THE ERIE RAILROAD STOCKS New York March course o oC but prices of stocks was downward today with a drag applied from time to time Ume Foreign For l n as well as home markets were rather depressed the New York reaction exercising some general influence abroad especially f in the coppers Continued weakness In the London market was re reflected reflected in the copper cOI per mining and industrial attaching to the last weeks rise In those weakness was enhanced by the th suspicion attaching to the last weeks w eks rise oin oln stocks as being of manipulative origin and designed to facilitate the exploitation lon of the curb market for a newly floated wining stock The breakdown In the program for the move movement movement ment of or that stock today todar aggravated the feeling freling of suspicion of it There was no notable thing In the corn com of affairs as shown in the days news but bitt speculative sentiment took on the ht Inevitable darker hue which comes with sith prices declining A pronounced effect as produced by b the tt slump in the Erie tock stock which was as traceable to the e uneasiness uneasiness ness caused by b the sharp recession in the price at which the notes ma maturing maturing turing In April were offered In the out outside outsIde outside side market Importance Was attached to the movement owing to the knowledge mat wat a meeting of the directors of the company was In contemplation for tor a later tour hour In the day The recent rise in the theS S securities has lias given confidence that this ipe ting would develop a plan for br meeting the notes notee This confidence was WIlS shaken by the marked action of the tocks stocks and no authoritative information could be secured from tram the tite tankers before the regular meeting The rhe tenor of the selling of United States Steel also kept alive fears tears that liquidation for tor inside account was in progress in those shares Speculative sentiment was tinged by b the general conjecture that recently fostered a R rise in prices of stocks might have cen en designed to furnish a favorable ba basi basi si for tor some further necessary liquidation was given to estimates which apparently originated from the treasury treasur department of the early necessity of ot an tiler heavy draft on oa the government de 1 with the banks bank The present tran of or the money market and Its Us ap apparent parent arent indifference to the withdrawals hitherto made have deprived the subject of any an disturbing influence Operations of at the treasury department looking mere mereto mereto mereto to make up the revenue deficit would ie t e regarded with Indifference The sug was put forth today toda that In ad addition a replenishment of treasury treasur re resources resources sources was In with from the banks blinks that would insure sufficient supplies to come to the relief Ir f the money mone market in the tho fall in the Ea v that has now become customary This his suggestion was coupled with an in InS ini i t the attention of ton tOI officials had been attracted by the growth of margin speculation in New NewYork NewYork NewYork York and that operations to shorten the of government funds might be beo o with th a view to cut off this orm of activity The effect erred was some somewhat somewhat what hat disquieting to the speculative ele ole element ment The days clearing house statement t bowed a debit balance of at near nearl due to special operation c r i the tho United States controllers office in connection with the adjustment of bank ng ig affairs holding over from the period pe od of f tho the banking crisis the exact nature of ot which was not officially explained Bonds were ere Irregular Total sales par alue I United States bonds were unchanged on JI iI |