Show GOULDS MAY BE BACKING ROAD Project Causes No Slump in Gould Securities COPPER STILL ON DECLINE 1 SA BAl HAS BAS DEPRESSING York June 21 Tie The dominating Pf ol small professional operators wi in the tendency pt pricey or stocks to react to a previous level the only trace of large speculative operations was wat In the Gould group led by the Wabash V abash and Reading issues The rue industrial department was weak with the exception of one or two Import Important Important ant and was under pressure of what looked like genuine liquidation The buying of the Wabash issues was by any apy news development It came from the same sources as have been active for some time timo pest past In this group of stocks and represents the ef et fort to realize the Improvement from the properties through recent extensions and new acquisitions The news of the day included a report of an ai appeal to a higher court of the city of case against the on into Pittsburg by the Wabash lad ladan an authorised statement of the project for a new railroad from Denver to Salt Lake CIU City to connect with a proposed railroad to Los Angeles This project is avowedly intended as competitive to the western extensions extension of the th Gould item But the large buying of the Gould stocks was not checked In any degree by this news St StLouis Louis Lou IK Southwestern preferred which has usually moved in company with the Gould stocks was decidedly reactionary This was the more conspicuous in view of the rise of 7 points in Chicago East Eastern ern em Illinois supposed to be set aside for tor absorption In i the Interest of St Louis Southwestern Manhattan shared in the strength of or the Gould stocks in the early canly dealings and imparted some sympathetic strength to o the other local tractions The 4 point rise irr hr Reading was ap apparently designed as an answer to the address to the public by the president of the United Mine Workers Most Of this gain was lost on the reaction Among the Industrials Colorado Fuel was a conspicuous sufferer on account of the supposed dispute amongst Insiders as to the continuance of dividends upon the stock The recent heavy tone of Amal Arnal Amalgamated topper Copper also gave way to poel positive tive 5 In view of the continued decline in the of copper and the unprecedented production Supporting orders seeded to be with withdrawn withdrawn drawn In United States Steel and that stock sto lc suffered a net toss loss of nearly a It Is s the general conviction in Wall that the proposed plan for conver conversion sion of preferred stocks into per cent bonds will be blocked by the courts thus leaving no offset to the increase of fixed charges on the now bond teethe issue There seems to be a fear that the pay payment mont ment of dividends on the common stocks is thus threatened The reports of minor labor troubles while directly affect affectIng lag Ing any special stocks have haye a somewhat depressing effect on sentiment and sev several several eral reports of voluntary increases In wages instead of having a reassuring ef effect feet were taken as pointing to the pro pre prevailing discontent of labor with the present rate of pay Saturdays unsatisfactory unsatisfactory factory bank statement was borne In mind today and probably helped to re no repress press speculation The closing was easy at the considerable reaction m in railroad stocks A number of o less active stocks show large losses c i a aThe The bond market as moderately act active lye ive and md Irregular Total TotI sales par value lT States new declined tier per percent cent centon on the last call Bond Quotations 17 U S ref L Ia N u Do coupon Mex Cent 46 is SI SIU TJ U S Sc T reg let 1st inc in 2 Do coupon J M St L i U S n ii Is tr M K T P Do coupon M T a aC h ht IT t S 0 Is N Y 1 Cent Cen is Do coupon TJ U S us reg 16 b 4 J C son gon Do coupon for Pac 4 Is tchi gen 1034 Nor Pac lac 74 Adjustment NOr Western B O 0 IB 1023 15 B O 0 96 G gen St 3 L Iron roii M Can So 2 10 10 Se 1174 Th ThC C of ot 58 io St L 1 S F let 1st ino Ilic SI SIC St L S W V is 99 C O 0 TO SL St L S W IV CS ST C C A e A SS fe San Ant Ara C 13 Q n A 06 Pam 50 C M t St P Sp SD Pac 4 J generaL 4 So By C N w V con conol Tex rex Pac Is ilO ol Fol ol SL St L LV LC c n It i 1 P PC V W te 10 3 C C E St L I Union Pac 4 general Is te 46 Chic lilt Term is si ll Is Cola Colo So Is IS S Wabash D I R It G Debenture B ir Brie p lian Shore General ts Is SS W tV L K 48 95 Fort AT W Den Dei Vis Cent 48 91 City is Cpu Con Tob 67 Heck Yal Viii Stock Quotations 51 So Railway 30 Preferred JAh Preferred 13 B OU Q 1061 Tex Pac PacT Preferred 95 T r SL St L W Can Pacific Preferred ran Can Southern Union t Pacific of Ches bee Ohio 40 Preferred 83 80 4 Chic Alton 87 Wabash 30 Preferred 75 Preferred 49 40 C L Lv l 74 TV IV L E B EM Preferred 5 M d preferred 35 C it IE 12 I Ic Wis Central t c G Preferred 48 43 Preferred A Adams Preferred B BC 47 Express C N AT ATC U p S Express C R L 1 I P PC Wells C T T 20 i Cop Preferred Ama C F FC C CC St referred Preferred 50 Cob Colo Southern S mn Lin Oil 2 21 let 1st ft A preferred t ln A A 71 71 Preferred D 50 d mn S R B 47 4 Del el d Preferred 98 D L V Ana na Co D B G 42 Brook Rap T Preferred US Cob Colo F I 92 32 Erie 3 Con Gas 2191 let W jiA Cent Coit Tob r d preferred 82 Gen Electric GL Ct Nor pfd Hock Coal 10 Hock Inter Paper Preferred al alITto Preferred 72 Tile Central Iel Inter Power 75 lows Iowa Central Laclede Gus Gas 85 Preferred 25 Nat Biscuit 48 40 Lake g 1 W Y Nat Lead rz Preferred Im North Louis Lopis Nash Pacific Coast 87 ST Manhattan L Mall Mail MallM 41 M L SL St Ry Peoples Gas Mex Central Pressed S Car 45 National 18 Preferred 35 85 Minn St Pull Pal Cari SU Mo Me Pacific Steel 17 M K 1 T 27 Preferred 73 13 4 Preferred 50 Sugar 1 N J Central tenn lenn C I 63 62 N Y Union B P Nor West 56 50 Preferred Sl 81 Ont Oat West Vest 32 22 U ij S Leather 12 13 Pennsylvania IM m mM Rending C S Rubber M 14 t l let t preferred erred 8 83 Preferred 52 d preferred t S Steel SL St L I San P Preferred SO let Jut preferred a i West Union SHi SHiH 39 d preferred 72 Ama H SL St L S W V 30 Preferred x 50 S Preferred 65 K a C Southern 34 SL St Paul IT Preferred 05 Preferred ISS So Pacific Total S |