Show I PRESSURE ON OH V METAL GROUP V American Smelting Hit in Wall WallStreet Street Demand for Cop Copper Copper Copper per Said to 19 Be Waning SILVER TO TOUCH BOTTOM 4 CONSIDERABLE GOSSIP Go OVER V MONEY OUTLOOK N New w York Dc Ikc 12 The few rew spots of 01 p itle strength in the stock market to tort rt bir HA HY were not sufficient to offset the ef eff I f ft Vt t of the general V disposition to reduce i There was discussion of the tM th beneficial effect on railroad earnings to 10 1 follow proposed pr advances In freight rates but prices p V did not respond except in the tte case aile tt t C New Kew York Central which roM r vigorously in face of the prevailing Inward tendency The advance in Steel Car ar recalled a rumor cir dr early in the week and officially nid d of any all intended absorption by bJ the I nit 1 States Steel corporation Other railroad equipment stocks moved in sym sm jm lain hv especially American Smelting Ru Rumors mors of or unsatisfactory earnings by br that were coupled with r reports ports Orts of ot waning demand for tor copper and tion tn of a renewed decline in the price of silver after atter nearly the lowest price on record The Immediate outlooK in the money market was the principal topic for con eon consideration Expectation of a weak bank return was general although it was known that the weekly statement would not appear until after the stock market dosed closed The operation of or the forces for forthe forthe forthe the depletion of banking supplies was seen to be still sti In toce foxe indicating a continuance V anne ance an of or the deci decrease ease In banking reserves No o loans lons on 00 call cal are made at the stock exchange on Saturday o a that there was wasn V n nl nI quotation in call caIl lOans to serve sene as a aV V guide Ide Time lime money rates however were 11 ar l advance in the rate V following the earlier erle rise ris in the thirty HY rate The foreign exchange market Very very I strong stron making it i evident that additional gold would go out next week The statement of or the days sub sub traun treasury operations showed a gain by that institution of or reflecting the be beginning b bV ginning of or payments of subscriptions to V the Panama Panama canal bonds which will 1 figure in Ia the banking averages for all aU of ot next week Toas outgo of or around gold to Paris also als remains to be shown I f the figures of or the banking condition V Till Th strong stronA rally raly in the the late stock mar market m market r ket was due to an Intimation that the tank lank statement would show a loan eon con contraction on traction which would sele serve to conserve thc th surplus The decline in the surplus was wis limited in fact to t 2150 in the aver average averages ages age Evidently the curtailment of bank loans is due to the coming into the loan lORn market markt of ot the th trust companies to take advantage of or the more profitable rates by drawing on their deposits deposit with wih the banks TIP bond market was irregular but a of prominent issues made sudden advances a Total sales par value 1 nIt States 2 registered advanced per pe tnt oct n t cm on m call rol Stock Quotations Sales High Low Close CloseT V Ar A T I npr r 83 8 82 8 8 V A t oar ar 47 4 45 47 Preferred V 10 loS ius Am Cotton 01 Oil 4 4 4 1 Am I H L L pfd pM 0 V 3 36 36 4 36 I Am Ice Sees Secs 10 27 25 23 7 2 25 I IAm Am Linseed V 15 Am Locomotive 42 57 5 53 IS Preferred 10 Am Smelt SmelL R 66 9 90 5 8 Preferred 10 10 Am Sugar Ret Ref 22 2200 11 Am r Tob pfd 92 92 9 Am Woolen 31 Ana Min Mm Co 2100 43 49 49 Atchison 9 9 97 9 97 Preferred 10 10 10 At At Coat Coast L 10 BaIt Dalt Ohio 10 lr 10 n Preferred 04 Brooklyn R B T 5 35 57 58 S Canadian Pacific 16 ITS Central Lether Leather t ZO 33 30 rl 9 20 Central of f N J 10 V 1 l IS ISChes Ches Ohio 5 67 5 55 Chi Gt West 40 1 12 1 11 lEi 11 ChI N K W 2600 2500 V li 15 C Mu I St 15 19 1 Y C C C St L 8 G 68 4 6 67 6 63 Cob Colo PUll Fuel 1 I 44 3 39 4 39 y Cob Colo 6 5 35 1st preferred V 72 7 72 Y 72 preferred 3 6 65 Di 67 67 Cons Gas 1 1 Corn Products V 17 1 17 l 17 Del Del Hudson 16 1600 17 17 Denver R H G 2600 6 3 38 37 37 d V 1 8 52 8 82 82 D Diet I st SeC Sec V 6 37 36 Y 3 Erie 83 l 8 3 1st preferred 1000 49 49 4 49 preferred 10 49 40 40 40 General Electric 10 15 V 15 15 Gt North pfd S 13 G Gt N Ore 73 3 72 73 Illinois Central 3 17 4 V Inter V let 2200 1 17 17 17 V VV V I 41 40 41 mt Paper 11 Preferred 10 5 57 5 57 56 Int Pump 1100 V 32 32 22 Iowa Central 3 30 K C South 1 1350 35 m 3 3 Preferred 6 Loul VV Nash lO 11 12 6 V St St L 51 Minn St P S Ste Marie 10 11 Missouri Pacific 28 2800 6 55 6 54 6 55 M K exas 3 33 33 37 Preferred 10 7 71 V 71 1 7 71 National Led Lead I 25 2500 80 7 79 80 S N Y Central ni Sy 21 18 1 8 N Y Ont W 10 4 44 fG 46 4 46 Norfolk W 7 8 54 M 84 North American 73 73 73 Northern Pacific a lic 56 12 14 1 8 Pacific Mail Ial 45 3 35 3 2314 Pennsylvania 1 8 ly 13 Peoples Gas 10 P C C SL L Sl 81 87 10 S 87 P Steel Cr Car 59 43 31 39 43 Pullman P Car Ry fly Steel Spring 4 4 44 43 4 43 Reading 12 lU 14 Republic Steel teel 25 26 2 26 Preferred 10 as 56 5 8 88 Rock Island Co 1200 25 25 2 23 Preferred 6 GO 5 53 54 St L San Fran 0 V preferred 2 22 V 2 23 22 St Louis S W 3 25 2 23 22 2 15 1500 H 5 52 V 59 52 V Steel Iron 78 78 73 78 Pacific 12 12 1 1 Preferred I 1 Southern 16 1600 25 5 2 25 2 25 Preferred 3 5 59 59 5 59 Tenn Copper S 41 Texas Pa Pac 3 31 3 33 Tol Tol St L W 40 Preferred 1300 V 61 Union PacifIc 55 Preferred 10 95 95 V 9 94 tT U S 5 Rubber 34 24 M 34 1st preferred r 09 10 10 U S Steel V 5 54 5 53 54 Preferred 16 12 VISIt Utah COPper 47 41 4 47 47 41 Chemical 6 4 45 43 4 43 Preferred 14 11 Wabash 15 18 18 1 Preferred 49 4 46 45 45 43 Fec Elec ZOO 8 33 S S Western estern Union 5 6 63 G 67 67 Weel Wheel L Ei E IH 11 Wis Central V 4 V 3 30 Amer T k T 40 V 12 12 1 Total sales tr for the day 55 shares |