Show PRICES TAKE A TUMBLE Sterling Exchange Higher and Money Requirements Again Cause of Anxiety COPPERS VIOLENT DECLINE RUMOR OF COMING DIVIDEND I REDUCTION New York Sept 23 The rise In securities securities ties priCes which show showed d signs Igus of gaining headway toward the end of last week was brought to a rather abrupt pause use to today toda day da The influences which produced this effect were wore traceable principally to for foreign foreign eign sources Sterling exchange In New NewYork NewYork NewYork York advanced The effect was waa to revive again the consideration of the require requirements ments before b fore the money markets which will be abnormally large for the next month or six weeks The foreign trade showing of the tim United States for August flame came In for pertinent consideration the feature of that showing being the decline de lIne lIneIn In the excess value of exports to the nom nominal mal inal figure of 1831 From Irom the standpoint of ot the commercial position IK the showing was accepted d as a subject for continued congratulation not only ani for the sustained volume of at exports but bitt also for the heavy Imports the two items going soing to make up an aggregate of ot foreign trade far farin In excess of all aU prece dents and eloquent of the measure m asure of prosperous pros rous conditions But from the standpoint purely of the banker bimker and the borrower of at money mone the exhibit has an another another other significance coming at a time of year car when foreign forein credits are looked to for assistance in moving the croP crone and anti andAre Are fire usually drawn out by anticipation for that purpose As a matter of fact the tI value of mer Imports reported for August of fer no new features f the excess over the corresponding month of the previous year being b no greater than has ha been shown In every month with one exception of tho the thor r resent calendar year The enormous consumptive requirements of ot this coun try and the high prices prevailing for or all al commodities are the cause of this develop ment Conditions in the copper market also reassert effect on the securities mar kt ket both here and abroad The price pf of f the metal showed a violent decline In Lon Len don and information regarded as reliable was of sales made in New York by the great Jr at producers at the equivalent of ot 15 rents a pound for cash Rumor was wag busy at the same time with suggestions ns of coming reductions in dividends on the opper copper stocks Other metal industries were yere most af in sympathy but the whole mar roar ket kt was under the depressing influence thus exerted The resumption of the Standard Oil 01 hearing expectation of a de isbn In the th Chicago Alton Immunity question and belief that a determination was imminent on the troubled problems the New York traction com corn panics were wert contributing factors In the in the market A strong Impre Fion ion was created also b by the sharp n in fl the New w York Cit City 4 44 per cent owing to the great stress which MS been laid laiI on their advance as evi tl l a u we e of an pr A investment situa tion Weather conditions ns were wore ble bl for the sharp decline in cotton and i 4 orn which was not Dot hurtful in its latin ence nce t en p on stocks sto ks Bonds Beads were wert irregular To ta tat sales pairs par value United b s bonds were unchanged on call can 1 Stock Quotations Sales Salee High Low Close Clo e Adams Express ISO Amal mal Copper iTO 61 88 5 60 00 Am C F I 3 IS 38 38 Preferred Prett K Ii Am Cotton Oil J B D H M Preferred d IS Am Express 11 Am Hide Leath pfd l American Ice 40 Am Linseed OH OU 8 S Preferred 18 9 Am m Locomotive S 18 II i 4 83 is Preferred 10 Am S R K II 91 Preferred tOO io M 37 KV liy 97 91 Am Aim Sugar Ret Ref 1 III Am Tob Tab pfd cerUt MO 78 i ill 78 18 Ana Mm Co i 18 Atchison 2 2300 90 SS S 87 S 37 S1 Preferred 91 1 99 96 89 Atlantic Co CoM Coast CoastLine CoMLine Line MO 82 Bait Ohio WO 0 91 91 Preferred 83 Brooklyn R IL T 2700 47 41 Ji 4 46 4 an Pacific 1 lit 4 Cent Pent of at X N J T Ches has Ohio 34 34 31 34 t Thi hl G W 9 9 ay j C C K N W IV 1 TOO SOO 3 1477 14 C M f St P 12 I 13 10 ll ii UhL hl T T t Preferred 5 C C C SUL 13 J coio olo do F 8 I 3 2 22 Yz I Lolo Cob South soe a 31 I 1st preferred KO Xo 3 fc 61 i 20 preferred m IO 4 41 4 43 4 Consol onsol C Gas 10 18 I Com Corn Products 18 1 19 13 1 13 Preferred 04 I Del Hudson n He is 1681 g I D nt L W WD v 41 I D R G 8 00 24 t 4 ax IX Preferred I W 60 00 88 81 Distillers Sees 1700 K iS K IT 67 7 Erie Erio Sl JI s i a 1st let preferred Ml HI 1 47 4 d preferred 17 On nn en Electric Electria l 1914 i MS i Illinois Central Ant Int Paper U 13 3 Preferred 79 Int Tnt Pump ao a Preferred 75 Iowa Central u i 38 j IJ IS u Preferred a 38 K 1 C Southern ST tT 27 r Preferred Louis Nash KO Mex Central Centra Qi 20 17 1 1 17 l JA 4 Mba Minn St L D 4 44 H 44 4 40 4 M x 1 St P S Sate Ste ate M I soo roo 00 10 IC 99 90 OS Preferred M 1 1 Mo 10 Pacific J 88 M r K Ie T SO 39 SR 39 Q Preferred 6 National Lead i 60 ro 1 BJ f x N R R or o 0 M 1 preferred oo X Y Central 1900 1300 16 1 6 M W U 14 X N Y O 0 W Woo 1110 It II 4 34 4 Norfolk West Welt MO tOo 72 n 72 71 Preferred North American l i 39 ii 6 i Pacific Mall Mail 28 Pennsylvania Pt 11 tO 10 10 Peoples Gas S p C C 81 essed Steel Car Zi 27 rr 7 Preferred 8 r M uI Pal Car JiG trading 97 96 i st t preferred 76 preferred 77 Republic Steel IJO 21 l 21 1 Wi 2114 Preferred 74 74 73 Rock nock Island Co i 19 1914 13 15 Preferred 0 H 46 45 4 45 46 St L S F preferred St L S W 1 Preferred 48 4 Southern Pacific 6 S i 86 Preferred ih i It hA 09 Southern Ry Joi 1 57 15 i 15 Preferred 1 54 51 f t 54 4 53 4 Tenn lean C I 1 L LI 1 I I Texas Te TeT TeU Pacific T St SL L Ij W V i 24 t Preferred sro s 47 4 t 46 46 Union U nion Pacific 13 1 13 Preferred 81 81 SI 81 SIU SiS U S Express U V S Realty 50 iO U S Rubber 30 30 0 28 Preferred ZOO 91 l 91 89 59 U V S Steel S JK i 28 S 25 I Preferred 92 9 J fc 90 Bl II Vi Chemical 20 Y Preferred OJ 9 Wabash W abash ZOO SOO 11 1114 11 1114 U ll Preferred 20 4 20 2014 i 4 20 0 W Ex Fx 2 JO West W est Electric 13 Western W WW estern Union roo 78 70 7 4 v 75 s w WW L LE LEis E I WIs W is Central 15 35 52 Preferred 38 35 s 38 35 38 S Northern N Pacific 1530 lm 11 lH Cent Ce nt Leather 17 1 Preferred S SCiO 0 88 SI S 5 81 51 Sloss Si oss Steel 47 47 47 Gt G t North pfd 13 19 Int tn t Met 50 10 9 9 91 Preferred 28 25 23 2 2514 Total sales Bales shares |