Show MONEY EASIER EASER STOCKS HIGHER I I It Market Free From Any Pressure to t I t Sell Sel Yesterday 5 S ENORMOUS GRAIN GRAI N CROPS REDUCTION IN BANK OF ENG ENGLAND ENGLAND ENGLAND LAND RATE RATES S New NewYork York Sept 14 Stocks were free froe from any pressure to sell today and the money market showed no evidence of urgent demand to These Tb were the conditions which prompted the room trod trad traders ers ems and some large professional operators to work for a higher level of prices prIc That transactions were mainly In the hands of or orthe the professional class of operators was generally agreed and the commission houses put Dut out a daily plaint that busi business business ness floss is poor and the general san era I public not in it The fact that the advance in prices met no serious obstacle makes the description of the market that of strength The me term is correct for the general underlying un condition and the up upward upward upward ward tendency of ot prices asserts ass itself i whenever the condition of the monO money market Is tranquil That was the ease case today call loans being made at 3 S per cent centor or below while the tha rates for time loans were about a out steady The tendency of events towards con contracting contracting contracting reserves was ignored in presence of this tranquility of the money rate TIe Tle great strength of or the business situa situation situation tion is the easy explanation of ot the tile un ml underlying underlyIng denying strength th of stocks It is a very general conviction in Wall Vall street that if easy money were assured prices of or stocks would advance without difficulty The Tile enormous grain crops crOllS promised one of the prime arguments for this view and it was natural therefore that the days move movement movement movement ment should turn to the Quarter of the market where the grain movement would be felt first Owing to conspicuous promise of or the corn crop cron and doubtless also to the fact that the stocks of corn carrying railroads have not been active in the speculation the corn grangers led lcd the movement The buying convergIng on Missouri Pacific All 11 of the grangers and the th southwestern group croup generally as well as the Pacifies and transcontinental shades in the movement however how ver The operation of at speculative pools was discernable In some stocks of the group as well as In other quarters ot of the market The absorption of Erie Eric was on an enormous scale and caused that property to be associated in tn inthe inthe the current rumor with the open admit admission aba sion that negotiations were in progress for disposing of the Cincinnati Hamilton Dayton Day on property The reduction of the Bank of England rate into instead of the expected advance was accepted accented as a reassuring factor and re revived d expectations of a further import movement of cold gold Some of ot the banks were we said to be calling loans today and Hi ih the cash movement evidently makes it a e aurther further urther large loan contraction for the coming oming c weekly statement But the tile quiet tone of th money market implies a sup supply supply supply ply of funds from other sources supposedly edly the trust companies and this was the basis of the days confidence in pro protection prote te from front disturbances of credit fa faculties a ci for tot operations in stocks Discounts rose in iu London and Berlin and anti the for foreign foreIgn eign exchanges market markt here showed no further Important recessions Stocks de tie developed eloped renewed strength late in the day and closed firm at about the best prices es Bonds were Irregular Total sales par value United States bonds ponds were all unchanged on call S Stock Quotations Sales High Low Close 1080 Adams Express v 24 MO Amal Anial Copper S 81 1 r 82 Amer Car F 86 30 M 35 85 35 15 Preferred v vAmer Ii Amer Cotton Colton Oil on 2 5 S Preferred 9 Amer Amor Express 0 Amer mer Hide L preferred 1600 1000 l 83 JS 82 I IAmer 32 Amer Ice Se 45 27 i 2 H 50 27 Amer Un Lin Oil all IT 17 Preferred 3 Amer Loco 1200 60 M 49 52 5 Preferred Amer S Re 1214 In Preferred lIt Amer Sugar Re 1500 1 13 Am pfd pM certificates Anaconda M 11 Co 11 11 II 11 Atchison 91 99 90 92 9 Preferred 1200 lOi 10 lill At Coast Line B O 0 1116 Preferred 97 Brook Rap Tr 60 OO OS 68 69 Can Pacific 1 19 Central of N J JI Ches Ohio 60 50 51 56 00 I ago Alton 67 51 Preferred 78 Chi Cht Gt West 1500 21 21 21 2114 Chi GOO roO Chi Mil Mu St P 17 1 8 Chi Ter Tel Tr Tm 17 I Preferred C C C St L OO 00 98 Colo Cob Fuel I 1 48 41 42 43 IS 4 Colo Cob South roo fOO 23 28 s First 00 62 O 82 8 82 6 6 Second 2200 42 4 42 4 42 4 Gas 1 18 Corn Products 1 10 Preferred 4 41 yg 47 47 41 Del Hudson SOO 21 Del Del L West AVest I ID D R G SOO roo 85 1514 35 3 to 3 Preferred 80 0 39 30 Distil Secure 42 4 42 4 41 Erie Brie 58 50 K 52 5 First 1000 83 SS 12 83 s 3 Second 71 lI 75 76 WU 71 Gen Electric 8 Illinois Central 1600 l 9 1701 Intern Paper 20 20 20 Preferred 1000 80 SOl 80 20 Pump f 5 Preferred Iowa Central 28 23 S 27 1 28 h Preferred fj SQ Kan City CIl South 26 28 Preferred d stY I Louis Nash H lUI Manhattan L 1 BOO 1 Met 2100 Sl it fl 11 1 SH 81 Met Iet St Railway Mex Central roo 28 20 28 2334 28 22 Minn St L 71 Minn St P Sault Ste M HO Preferred 1600 1ST 1 Mo 10 Pacific it o 1 M N K T 2200 2203 it 1 20 4 If 34 54 Preferred roo 71 71 71 National Lent Lead 46 N R B R U of or Max Mex JI preferred 28 18 N Y Central HOJ N Y O 0 W 1800 88 M W it t 54 r Nor Nr West 1000 85 86 84 St So S Preferred 91 North American S S 9 98 I Pacific Mali Mail 4 45 14 44 44 II I Pennsylvania P l H HI 14 P Gas 1 1 r p c c st L 52 Preap P Pre Steel Stel Car 44 4 44 44 4 1 I Preferred p forred 80 96 Pull Pal Cur Car Caro O Reading 1 First m Second 1400 1100 95 94 94 Steel 21 21 1 21 Preferred 1000 98 OS 90 9 95 Rn fc T Co 33 33 Preferred SRI 50 SO 79 Rubber Goods MOO 34 31 31 31 Preferred I 1 1St St L S F 5 preferred pre erred 07 OTI 07 67 6 07 St li L Sw 1000 25 2541 23 5 25 25 Preferred JO 6 60 CS G 62 South Pacific 68 OS as 65 preferred referred So Railway 59 36 ssi SS 3 35 Preferred 1 Tenn Tonu r nn C Cr Iron 2900 2000 MIh 88 80 86 86 Texas Te ns Pacific 37 8 M 30 37 31 T St L W r 2200 m Wi t 57 1 30 Preferred 1000 1001 P 59 07 59 50 Union Pacific 13 Preferred i t U S a Express 12 IT U US S Realty 87 I IT US S 3 Rubber 1300 BO m 49 49 Preferred lOS U r S Steel MAlir 1 37 31 3 36 Preferred 1044 1041 j y n Caro Chem Chern 31 mys 31 31 Preferred coo lOB Wal aSh f 2500 21 2144 21 S Preferred Pr SOO 42 42 42 I Wells WellA Fargo FarRo Ex Ext o hh t 1 10 W West Sl Union 94 94 W Lake ErIe 18 15 li 17 17 11 Wis Central 31 31 31 I f Preferred lOt 9 I North PacIfic 1900 II Con Leather 41 41 41 Preferred roo lOt 2700 93 93 I Total sales for r the day SO shares |