Show IN THE BUSINESS WOR DIn D-In Philadelphia last night Government ownership of n Paclllu cable was discussed dis-cussed Jiy the members of tho Manufnc turoiV club Its estimated cost was placed at 510000CCO Yesterdays statement oC tho treasury balances In the ccneral fund oxeluilvo oc the 150000000 gold l reserve In the division of redemption shows Available cash balance 1 11010003 gold IOZSIISs ca1 Jhe report current In Wall street that negotiations woro In progress for f settlement settle-ment o tho threatened rubborbhoc war Imvo ben confirm A new company has been formed with 510000000 capital The director of tho Federal Stcol company com-pany declared the repjilar quarterly dividend divi-dend nf 1V per c Mit on the preferred stock No action wax taken on to common stock and none will bo taken until January iatli Records In price of stock exchange scats have been smashed rJ500 having been paid for n membership This compares with 13500 the lowrecord made In 1ES3 6J and IE f tho old high record made a few weeks ago AY A Clark president of tho United Vordo Copper company In n recent interview In-terview asserted that he had no Interest In the silver and toll mines In tho Stato of Chihuahua Mexico lie denied that he had purchased these mines In Philadelphia Pa at yesterdays soa lon of the Industrial commission John Carbutt a > iiinufacturer of selatln dry plates and tUrns for photographs tcstfitnd 1 concerning the combination of capital oc JilH busings He had to HEn an usrpo niont o h ohm out r J |