Show r SElLING OF STEEL IN WAll NALL STREET Bears ears Trying to Break the Mar Market M Market r ket ket in Spite of Increased Dividend LOANS CALLED GALLED BY BANKS LONDON LONO SELLING WELLING STOCKS STOOS ON NEW NW YORK EXCHANGE New ew York April Apri 27 Tha stock mar market ket put in an active forenoon lr IZ efforts to appraise tho the significance 01 ot the In Increase crease in the United Unie States Steel divi dividend dividend yesterday Without having come cometo to definite conclusions on that point a 0 rise rigo rilo In the cal call loan Joan rato rito diverted at attention t tenton to a now clement clement There Ther was no consensus of Ct opinion on tho the inferences to be bo drawn from the United States Steel quarterly re report report report port and the Increase in the dividend sale Operators who bought the stock argued arg ed that the confidence In tho the business outlook Implied that the In Increase Increase crease was to be taken as a skilled judgment that was bound to impress tho th financial world The bull bul party In the speculation an answered answered the contention that the quarters quarters terra earnings were disappointingly small mal by citing that the successive e months of or the quarter showed pro progressive Increase in earnings the earnings rising to a record for any March In the history of the cor corporation The bear party part made much of the current report of subsiding demand for steel products the talk accumulating stocks and falling demand de man for iron The bear party had asserted Its is deter determination m beforehand to sell sel the stock in ln the event of the dividend being raised on tho the ground the action acton would exhaust the available helpful factors toward advancing the price Some of the selling of the stock was attributed to liquidation seeking ge to take tago ago of the favorable effect oZ ol o the divi dividend dividend dead action acton This inference hurt the stock stoel and in fact the whole market The action acton of the banks in ln calling loans aggravated the selling pressure on the market The shipments of gold by steamer steam r brought the he weeks weel s outgo to op operations ertons also are taking funds from tho the banks with wih tho the subsidence of the tha monthly pension payments the gain of ot that Institution for foI the week hav hay jag already already risen to t tc This total of nearly with withdrawn wih withdrawn drawn from the banks compares with witha a 1 surplus reserve on Saturday of but slightly over on the aver average average average age statement and considerably less than that by the actual statement statement The foreign exchange market showed persistent strength In ln spite spie of the large exports of gold and of an an easier tone today In the private discount rate In London London Joined in the sell sel I ing of stocks stockS in the New York market 1 and the carryover rate rte on American i stocks for the London stock market settlement was advanced from 61 6 to 6 per cent The fall fal In prices of wheat and cot ton tn relieved anxiety over crop dam damage damage damage age to some extent and helped to lower the morning prices This did not avail however against tho the selling pres pros pressure pressure sure which closed the he market weak and at declines of ot from 1 to 3 points weak for tor the active stocks Bonds DondS were er r Total ota sales par value United States registered declined 1 i per cent In the t e bid old price on call cal CLOSING STOCK QUOTATIONS 1 Sales I l H I 1 L I p I Cl pfd pM j 1 37 37 36 mal Amal Co Cop 74 Am Agri 45 44 44 An m Beet Deet Sugar 38 37 I 4 36 American Can 1800 lOl 91 R Am C F 62 6 59 Am Coton Cotton Oi Oil 63 63 Am m H it L pfd 1900 34 33 3 32 Am Ice Secs 26 26 26 25 i 1 Am m Linseed 13 13 Am Locomotive 1900 50 48 48 Am m S R H 81 41 79 19 78 1105 A Am 1600 60 I 58 68 58 A Sugar Ret Ref 1 2 Am T T 13 1341 Am Tob pfd 96 6 96 5 95 A Ain Woolen 1900 36 35 Ana Ann Min Mm Co 2200 44 43 43 Atchison 1114 Preferred A A C C Line 16 Ea Bait It O Ohio h 10 Beth Steel 1 30 29 29 Brooklyn rooklyn n fl T 1900 7 77 77 Can an Pacific c 2300 71 Cent ent Leath 42 Preferred J I Cent of N I J i 1 Ches Ohio 1800 ii 84 84 hi Alton Alon 1 50 Chi G W I 28 I 27 21 Preferred 52 h hi N W 2800 ii 11 M St St P 19 19 e C St St 1 L 84 8 84 82 oio F I 2900 39 37 37 ole South 58 Cono Consol Ga Gas Corn Products 16 15 15 V U H G 2000 Preferred 78 78 DIstillers Secs Seca 1600 2911 28 ErIe 29 27 lt 1st preferred 46 HI 44 44 preferred Gen Gen Electric ElectrIo Gt ot North 19 1352 1332 Do ore c 2900 66 64 64 Illinois Cent 1374 I 1364 Jut Int Met Met 20 20 02 Preferred 54 54 Tnt Int Han 1600 94 92 92 Int Tnt Marine pfd In 17 mt Int Paper 1 Int Int Pump 1 42 42 42 Iowa Central 22 21 21 K C Southern COO 35 33 34 2 Preferred 64 Gas IOn 1014 LOUis Nash 1474 1454 15 r st St 1 L 35 36 33 M St P S Ste M 1361 10 M i K T 42 I 1 Preferred ni Yo Mo Pacific 1500 67 National Biscuit 61 16 National Lead 1 2000 74 N Rys ot of Me Mexico I 1 preferred 1 2001 2811 27 27 N Y Central J N Y O 0 W 11 1200 44 43 1 Norfolk West 1031 orth American 4 f 72 Norther Northern Pacific 1331 1304 1314 Pacific Mal Mall 1100 27 2681 2611 26 Pennsylvania Peoples Gas 1094 P C C St L Pittsburg Coal f 1001 19 19 18 Pressed Steel Car oD 39 39 Pul Pull Palace Car 1 1188 Ry By Steel Spring 39 I reading 1824 1594 I 1595 Steel Steal 2400 35 Preferred 99 99 Rock Island Co 43 43 Preferred 1400 SS 88 84 St L L S FI Ff 1 I I preferred 1 46 45 St L S W IV I 28 2841 I 28 27 Preferred I 72 71 s 0 S S L I 7 74 73 Southern Pacific 1215 11 Southern R It 2900 oo 26 26 25 Preferred 62 60 Tenn rena COP 29 Texas PacIfic 31 31 T St L L W 43 4 40 Preferred J I 68 65 65 Union Pacific 64 Preferred 95 96 1 S Realy Realty I 1 V r S 8 Rubber 42 I 42 I V r s S S Sel el 84 SU S1 41 82 Preferred 4 Utah COpper J I 1300 Ui I Va Va Caro Chem Cher 1 59 I 1 57 75 Wabash abash I 1200 2011 19 1941 f Preferred I 45 1 44 H 4 44 H I I West Wet Md d 1 2001 45 45 West Wet Electric 1 1100 62 62 Western Union 1 30 70 i 69 W v L E 3 I 3 3 34 1 Total 2 tl sales for tor the day shares METAL MARKET New York April Apri 27 The market for forI I standard copper on the metal ex ez exchange change was dull dun today with wIh spot spot April Api and May Mal quoted at 1250 June 1245 1255 July Jul 1260 1260 London market closed steady with spot quoted at 66 56 Sc 55 and futures at 57 Cs s Arrivals als reported at Now ow York were tons custom house returns showed no exports for the day so far this month 1401 tons Local dealers quote lake copper at electrolytic at 1276 casting at Tin Firm with spot and April AprI at May ay June and July London ondon J firm and higher with wih spot closing cosing at USO Gs Gsand and futures at 11 n Gs Ss 60 Lead Dull with wih spot quoted at New York and at East St Louis Luis English market unchanged ged gedat at 12 2 Gd Spelter Weak with wih spot qUoted quod at New York and at East St St Louis London market lower at lU 22 Iron Unchanged at SOs for Cleve Cleveland Cleveland I Iland land warrants in London at Locally the i market wa was quiet No 1 foundry north northern ern em No 2 1 No 1 southern and No 1 southern soft sot I 1675 1725 I 1 TREASURY STATEMENT STATE Washington April Apri 27 The condition of the treasury at the beginning g ot of ot I business today toda was as follows Trust funds funda Gold coin Silver dollars Silver dollars of 1890 Silver Siver certificates outstanding outstanding ing General fund Standard silver siver dollars In general fund Current liabilities Working balance In ln treasury treasury offices In banks to credit of ot treas treasurer treasurer treasurer I of the United States Subsidiary silver coin Minor coin I Total balance in general fund I MONEY TONEY SILVER SILER ETC I New York April 27 Money on call cal firm higher 2104 er cent ruling rate 3 34 per cent closing cosing bid 21 24 per percent percent percent cent offered at 3 per cent cent Time loans firm for sixty days 35 3 per cent for ninety days per percent percent percent 1 cent six months 44 44 per cent cent Prime mercantile paper per percent percent percent cent Sterling exchange steady at an ad advance advance adVance vance with actual business in bankers bankers bills at for bills bUs and at for demand Commercial bills Bar silver siver 6 Mexican dollars 44 4 bonds Government Irregular bonds easy railroad |