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Show I ! WALL STREET SHARES ARE MORE BUOYANT I Better Tone to the Market, and Some I is of the Old-Time Activity Is ' 1 j, Looked For. ' NEW YORK. March 15. Today's nw j hot disclosed a lively revival of specula- tion and closed animated and buoyant at , the top level of tho day. Not only was i yesterday's reaction, caused by tho Sully failure, moro than wiped out, but net 1 trains wcro established for tho principal 'active slocks, running from over a point to two points. St. Paul, Reading and Sugar Su-gar wcro tlie largest gainers, but there was a very largo absorption of Pennsylvania Pennsyl-vania and tho Pacifies on a rising scale. Tho equanimity with which the market accepted tho Sully falluro wns tho causa 'Of the spurt of bullish enthusiasm. Tho rise started In the faco of tho announcement announce-ment of an additional falluro on the cot-ion cot-ion exchango, and gained cumulative iorco after brief periods of hestltatlon, which Induced no Important reaction. I-'ears that tho failed cotton bull had ox-Itonded ox-Itonded his spoculatlona Into tho Btock market wcro relieved, and no anxiety (fieemod to Iks felt that the speculatlvo i losses In cotton would Induce any realising reali-sing In tho stock market, sucli as often results from largo losses elscwhero. Tho i events in tho cotton market were viewed, j in fact, with some complaconcy In the stock market, aa promising a return to a Jprlco level fairly representative of tho 1 (condition of tho staple, and likely to re new demand from foreign and domestic .'oplnnors. T I CAUSED A CHE0L. Tho docrcaso In cash reserves of tho Tmnks and the decllno in tho surplus, ivhlch ordinarily cause a chill to spccula-ttivo spccula-ttivo enthusiasm, wcro aleo taken in good fjpart- Tho continued easo In the money Imarkot loavcu unopposed tho advance In 'the foreign exchango rates, which continued con-tinued today and aproached near to tho point at which gold would go out to Paris. Total salos of bonds, par value, ?1,105,GW. i The long expected Northern Securities decision on Monday of this week unlocked un-locked tho rigid bonds which have held the stock markot In a state of stagnation 'many weeks past. The volume of dealings deal-ings has risen to moro than double that of last week, and prices for tho principal active stocks roso from 2 to 6 points over last week. It is tho general conviction , that the larger part of tho demand for Hm ivJi stocks has como from the short Interest H;'l i loft uncovered, although commlslson I! r houses report a slight revival of demand. BH 1 ho -Beside tho short covering there are to be tFv f F J counted somo buying orders by banking mmm ti ri and financial Interests, which were placed f.,' -j in tho market as a protection against a M f JjfJ possible break on tho decision, and the iU wfP operations by professional traders against MM 5i the short interest, and designed to mako a mm 4m profit out of the necessities of tho uncov- iflMlU t ,Jrcd bears. On tho whole, therefore, it Is lH, Ti believed that tho week's rising market jHfl V has been little duo to any growth of ln- Hl ' vestment demand. The fact of rising Hll f prices in itself has had tho effect, always HHI if inovtiablc. of producing a moro hopeful RHHA I Ecntlmont over tho outlook for values. Hf I DECISION NOT DASLYGING. Hi v The quickly apparent fact that the VHI -',' I Northern Securities decision was not UmUflifJ throwing any largo volumes of liquidation v. mWMmll pnf the market was a warning that pre- fll il x I .JMUonary operations in tho fear of tho va$ oaTnLaglng effects of that result had been ti J I Von Jpleted. It was evident also that some . important bear accounts wero held open J In tho face of the first covering move- i j mcnt, In tho expectation that the upward itjif movement would be short-lived. Tho cov- 1 , 1, erlng of the;e was the sustaining inllu- a, enco In the later advance. Tho .situation vjj H has not been cleared of all tho uncer- talntles which havo weighed on the mar- K 1 kct. But theso have been under con- ! 1 slderatlon for some tlmo past and may I bo supposed to have had their due inllu- 1 nice in the speculation. "SYIth the North- I cm Securities caso out of tho way it was felt that other continuing factors could not be relied on to causo further decline 1 pi In prices and tho 3horts were impelled I to cover. Besides theso causes for a nat- j I urnl rebound with tho bad news out there r-i F Jiavo been factors of a moro positive J ' '-haractor to further tho recovery. Tho I n speculative element has given a broad Jn- li'n terpretation to tho official intimations on fvM behalf of tho Administration that there Ut . 'was no Intention to "run amuck" with tho III I powers In their hands. It is the common !rV assumption in Wall street that this means l1!. that no further proceedings aro to bo on- ,l a tcrtained for tho present against other I presumed offenders against tho statute K Tho samo element sees in the opinion of l ( , Justice Brewer of the majority of tho . court a likelihood that in a case agnlnst n, 1 a. combination in which "reasonableness" of Its potential restraint of interests or , international commerce might be urged, i ( tho complexion o tho court's decision j q j . might bo aJterod. Talk of legislative r-nn ' Amendments to the etatuto to the sanio liU I i end has nlso been dwelt on. In tho re- tUr vulslon of sentiment thus produced there W Qibb oven been a faint revival of Interest '41, In eomo of tho community at Interest 'sA projects Bupjioaed to have reached tho a? embryo stage whon tho blight of tho Jm Northern Sccurltlen prosecution fell upon mm ' them. It cannot, bo said that this rcpre- cents tho prevailing eentimont in tho H k larger financial world. Tho magic of tho 7 policy of combination has lost its former uJ; potency, and tho principal Interest nt- ' lf tachlng to tho d!s.olutlon of tho North- W rn Securities lies in tho possible embar- (jf v rassmentK of accounting in the return of 7 tho securities held to tho former owners. Al Any possible harm to tho transcontinental All railroad situation or any reopening of 41 tho fierce contest which tho Northern Se ll' curities formation was designed to settle -1 finds no place In public comment, d ' TONE OP MARKET BETTER, j An Influence upon tho week's market which has had small recognition la the recovery In tho .foreign markots which B hns occurred. This Is supposed also to H hb duo In no small part to tho covering of P nhort contracts. But Its significance is nono thp loss taken as Indicating tho fecl- Jng among speculators that tho possible h harm to result from tho war in Asia and U its dnnger of complications have been W odoquatelv provided against by opera- tlons in tho securities nuirket, Of domos-tic domos-tic factors, large lmportauco has been ---r-r-4-f -f -r- -r-r f SILVER. New York B7c -f -f San Francisco -57c -f -f- London Yid -f -f LEAD. -f New York exchange $i.5OJfl.G0 -f 4- COPPER. -f New York exchange $12.5012.75 -f STOCKS jKD BONDS. -f- Irregular, nervous. -f GRAIN AND PROVISIONS. ' Wheat Activo to steady. -f Corn Nervous to strong. -f- Oats Higher. Provisions Activo, steady. LIVE STOCK. -f- Cattle Steady. -f -f- Hogs Lowers. -j- -f- Sheep Steady -f j attached to the hopeful published expressions ex-pressions by President Gould upon his roturn from an oxtonsive tour of tho wldo territory covered by tho complex railroad system under his direction. Railroad Rail-road traffic officials as a body havo mod-lflod mod-lflod their former discouraging vlows of tho outlook for new business and havo adopted a moro hopeful tone. Tho advance ad-vance In tho prices of various lines of iron and steel products Is substantial evidence evi-dence of tho revival In that industry and of Its turn from a descending course. Tho breaking of tho drouth in tho Southwest relieves a cause of anxiety which was gaining cumulative forco In speculatlvo circles, and tho sharp reaction in tho grain and cotton markets gives hope of a renewal of foreign purchases. Tho February Feb-ruary foreign trado statement revealed how far tho decline In this demand had gono and how Important a bearing It was having on tho balance of trado. Tho approach ap-proach of tho period for the Panama canal payment increases the Importanco of this factor In the exchange market. Tho bond market has improved with stocks and advancing bids havo been recorded re-corded for soino of the hlgh-grado Investment Invest-ment bonds. United States now -Is, coupon, havo advanced ad-vanced i; United States registered 3s and old . U. and tho 2s per cent on call slnco last week. JjEW YORK BONT LIST. U S rcf 2s reg...l(5 L & N unl -is... 5D U S ref 2s coup.lOS Man con g -5s..l5i U S Ss rcg 100i Mex Cen -Is 5 U S 3s coup lOOtf, Mex Cen 1st lnc 13Mi U S n 4s rcg ...132 M & S L -is 05 U S n -is coup.. 1324 M K & T 4s 073L U S o -Is reg....lOOJi M K & T 2nds. 77& U S 0 4s coup.. 1073-1 Nat of Mex c 4s 75 Atch gen 4s....lC0, N Y Cen g3,.s.. 0W Atchi adj 4s SSi N J Cen gen dh.12S7s Atlantic C L 4s. &2U North Pac 4S...103U Bait & O 4s 10l4i North Pac 3s... 71 Bait & O 3s... 93 Vi N & W con 4s. OSVa Cen of Ga 6s.. .1064 Or S L & Par. 72; Cen of Ga 1st in C6 Penn conv 3Vis. nc' Ches & O 4is...l37 Reading gen 4s. 00 Chi Si Ala 3",ts. 761 S L & I M c Cs.ll39i C B & Q new 4s 034 S L & S F fg 4s 81 C M & S P g 4s. 107 S L S W lsts.. 03 C & N W c 7s. 129',(, Seaboard A L 4s 60 C R I & P ds.... C9"i South Pac 4s... SJ C Jl I & P c Cs. 7S'.4 South By 5s 11241 CCC&SLg-iSO Tex & Pac lsts.116 Chi Term 4s.... SO T S L & W is . 70 Cons Tob 4s.... &S Union Pac 4s ..10351 Colo & So 4s.. SS1 Union Pac c 4s. 9CA Den & R G 4s... OS U S Steel 2nd 5s 75 Er 0 pri lien 4s 07U Wabash lsts . .115 Erlo gen 4s S4& Wabash deb B. CI F W i D C lsUOiy W & L E 4s.... S5 Hock Val 4HsS..105JA wis Cen 4s S9l CLOSING STOCKS. , , Sales. High. Low. Closo Atchison 1S.C00 CS GVA CSA preferred 100 S9?Si S0 sok Bait & Ohio 11,4(0 7S 77-s 77 preferred ss Canadian Pac ...... 1,900 114', 113V1 IIStb) Cent of N Jersey 150 Cries & Ohio S30 31 31 31 Chic & Alton 300 39 3SV, 3S- preferred si " Chic & G West COO IhM 14 35MJ Chic & N West .... 100 ICG', IKK 100 C M & St P CO.CW 144H 113 UIK preferred ; 173 Chic T & Trans w. preferred 300 2frii CCC&StL t ... 75U Colo South isi? 1st preferred 2nd preferred 400 . 2,"?i 2o 2T.M Dclu & Hud 1.40)' 150-6 150 150 Dela Lack & W "62 D&RG 39 preferred , Erlo ...... r.,C00 25 25U 254', 1st preferred 1,1(0 G3ix 0l4 2nd preferred 5(0 -lift 41 41Vj Hocking Val 74 prcfen-ed 71 Illinois Cent 1,0)0 12v'. V&A Iowa Cent 0 preferred 3,3 Kan City So jS3; preferred 7(0 3-P. z zw, Lrouls St Nash 2,700 101 104 104A Manhattan L 1,100 143' 1434 143 Met Securities COO 79U 79 7s St, 1(0 mi4 Minn &StL k M St P & S S M .. 700 C3 61' 02- preferred jjm Missouri Pac S.COO ftl?i pi" rj. Mo Kan & Tex .... 1,100 1S I7i 19 preferred 400 53 3S'.i 39 Nat R R of Mex prcfeiTed GOO 3SVt 37J4 3Si Now York Cent ... t 11C l.ic6 11C Norf & West C00 57 5714 57t preferred Ont & West 3,000 21 21 " 21A P C C & St L 1(0 621 CBVL (a 1st preferred tgif 2nd preferred " Rock Island Co .... 4,100 2l: 2vi "i preferred 3,40) C2Vi 01 6S St L & S P 2nd pfd. 3,3(0 41U 43 St L S West 14 ' preferrcnl '" git Southern Pac 32,000 4(1 45'4 4C Southern Ry 3,200 21 2o preferred 3,100 sii &1? Tex & Pao COO 24i VfI 24 Tol St L & W '8 u Union Pac 2,100 Vlja; 751A 7C&; preferred 100 7'A Sff. S74 Wabash 100 39 " J! 10'" preferred 209 2fi 2t mil W&LErle . .. Wisconsin Cent ' icj; preferred 200 42i 42- 42l Express Companies-Adams Companies-Adams o-v. American .". United States 103 Wcjls Fargo ... . OS ; Miscellaneous Amalg Coppoi- ...... 35,30) 4SV; 47?i 4S AmerCar&F 100'li)?i i:4t preferred 100 71 71 704 Amer Cot Oil , ,l preferred Amer Ice " preferred "400 2)" 'i&L "i Amur Lin Oil . preferred oyr Amor Loco &00 S2H S2' S2v! Amer S & Ref &00 4S?i 4&K m preferred () 92 52 Sa Amer Sugar Ref .. 8,100 127V, 125V. 1271I Anaconda M Co .... SCO 67u a0!."..::11: I Con Gas . .. 1,060 1941V 3; Corn Products ..... ceo ,33'i 13ft 33 preferred .. ) rV Gen Elec 200 fA" icn" live Interna Paper ...... 500 3" 1- v'1 preferred - it Interna Pump t ,' J proferrod I.... J Nat Lead 417,. North Amer ci Pao Mall " S.I Peoplo's Gas l.fco H'u 97 VPC P Stcnl Car SW 30J4 29 aoiZ preferred Pullman Pal Car "" 4 Rep Stfrl in.) 7?i 70i TVs preferred 31)0 41 41 .nv? Rubber Goods proforred 7;,' Tenn C & Iron .... 300 3S ss" ssi'r U 6 Leather &J0 7V 7W 7y Preferred 3(0 7SJ4 7fi 7S?i U B Realty 300 7 6 7 preferred... s,2 61)4 Pl U S Rubber 300 13'4 13 33 preferred rn) 52 52 U S Steel 10.900 lift 11 314, preferred 15,200 'psjl S7?S rSHl Wcstlnghouso Elec. 400 1G3 162 3C3 West Union S7A Total sales for tho day, 3I4.S0O shares. ' 1 1 Silver and Drafts. SAN FRANCISCO, March 19.-Sllver bars. 67c: Mexican dollars, nominal; drafts, sight, 12'-c; drafts, telegraph, 15c. Money and Exchange. NEW YORK, March 10. Monoy on call nominal; no loans, ' Prime rnercanlllo paper, 4KJ& per cent. Sterling exchange firm, with actual business busi-ness In bankers bills at 34.S7.125.S7.25 for dcmtind and at $l.S4.30'SM.S4r40 for sixty-day bills. Posted rates. 54.S5 and Ji.SS. Commercial bills, W.S34.S4. Bar silver, 67c. Mexican dollars, Aiic. Bonds Governments, steady; railroads, firm. Treasury Statement. WASHINGTON, 'March 19. Today's statoment of the treasury balances In the general fund, exclusive of tho JliiO.OOO.OOO gold reserve In the division of redemption; shows. Avallablo cash balance, $225,2-10,093; gold, ?112.S43,979. "Weekly Bank Statement. NEW YORK. March 35. Tho scatomcnt of averages of tho clcarlng-houso bankij of this city for tho wcko shows: Loans. ?99S,919.S0O; Increase, $1,619,S00. Deposits, 51,037.013,700; decrcaBO. S225.200. I Circulation, ;3C,913,S00; decrease, J1.04S,- soo. Legal tenders, ?69,324,400; decrease, J794,-SW. J794,-SW. Specie, 5217,239,01)0; docrcaso, S1.S93.500. Reserve, J2S6,SG4,000; decrenso. $2,G90,300. Resorvo required, $259,252,42o; decreaso, 5C3.S00. Surplus, 527,310,675; docrcaso, 52.262.oC0. Ex. United tSates deposits, 537,312,750; docrcaso, do-crcaso, 52,358,075. Metal Markets. NEW YORK, March 19. There continued contin-ued a good demand for leading metalu today, to-day, following yesterday's activity and advances. 1 Copper was firm, with lako at S12-50Q) 12,75; electrolytic and casting, 512. 37 V' 12.G2&. Tin, firm; spot, 52S.20fi2S.50. Spelter, quiet at So.OOJjG.lO. Lead, steady; spot, 54.C0JT-J.C5. Although tho Iron markot continues temporarily quiet, thero is fair inquiry from lurgo consumors and prices riro steady and unchanged. Live Stock. CHICAGO. CHICAGO, March 19.-Cattle Receipts, 400; market nominal. Good to prlmo steers, 55 255.3.75; poor to medium, $3,fQ 5.00; stackers and feeders, $2.5OQiI.S0; cows, $l.COff'L00, heifers, 52.5OS-1.50; cannora, Sl-C) f2.50; bulls, 52.OOG-I.00; calves, 53.&ffC.23; Texas fed steers, $10035.00. Hogs Receipts today, 10,0)0; Monday, 40,030; market steady. Mixed and butchers, butch-ers, $5.03'5-50; good to obolco heavy, 55.35 tf!5.47i4; rough heavy, $5.255.35; light, 51.S3 rti5.30, bulk of sales. 55.2Ji5.30. Sheep Recolpts. 3000; steady. Good to choice wethers. S4.25tJ5.25; fair to choice mixed, $3,50-1.50; Western sheop.. 53.251) 5.25; native lambs, S4.50ff5.50; Western lambs, S4.0)Go.75. ST. JOSEPH. ST. JOSEPH. March 10.-CatUc Recolpts, Re-colpts, 200; steady. Hogs Receipts, 2SO0; market Cc lower. Light. S4.05SO.12ii; medium and heavy, $5.056.25. Sheop Receipts, 200; steady. OMAHA. OMAHA, March 19. Cattle Receipts, 300; market unchanged; natlvo steerfl, 53.50 5.10; stockers and feeders, $2.75125; calves. 53.0OB6.CO. Hogs Receipts, G500; market 5o to 10c lower; heavy, J5.0fcfG.13; mixed. ?1.90I5.0): light, 54.7550.OD; pigs, $1,003.75; bidk of sales, 54.9035.OO. , Sheep Receipts, none; market steady. KANSAS CITY. KANSAS CITY. March 19. Cattlc-Ru-cclpts, 10J; market nominally unchanged. Hogs Receipts. 200); market lower; bulk of sales, 56.00-35.20; heavy, S5.2036.S0; puckers. puck-ers. $5.0535.20; pigs and lights, $4.1035.10. . Sheep Receipts, none; market nominally steady. |