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Show .Varied Activity j Among laoy Stocks i signs of Depression at the Outset, but Prices Indicated Predominance I of the Bullish Spirit. I ! NEW YORK, Jan. 31. This was another I day of active and diversified speculation with various shillings In Its temper That itcmpcr, however, showed a continued 'alertness to all suggestions or rumors of i important developments and a readiness to rush into the pursuit of excited price i movements that indicated clcariy enough I tho predominance of tho bullish spirit In "1 the ninrhot. ! There were signs or depression ai uio outset and tho points most acutely affected af-fected by tho depression did not completely com-pletely recover their Josses at any tjmo during tho day This pressure centered upon Union Pacific and was evidently in the nature cf profit-talcing on yesterday's buoyant rise Thero was somo disposition disposi-tion to revise yesterday s estimates of tho bearings of the decision In the Supremo court as a victory for tho Union Pacific Interests, whose petition was granted The necessary consequence In the continued con-tinued tylns-Tip of Northern Securities affairs by injunction was tho causo of wme discouragement by contrast with the universally favorable view of yes-terdny yes-terdny The realizing In Union Pacific iid not. however, extend the depression to the Vanderbllfs, which have hitherto moved in close sympathy with tho Harrl-mans. Harrl-mans. Tho Vandct'hllts sprang Into great anl-inst'or. anl-inst'or. .ind mr.dn surprising upnhoots in thtlr prices when It became known that tno directors of the various companies were assembling. Tho greatest activity centered In New York Central owing to Us larger market supply of that stock t4 Its risi? though notable, was re-cVRinod re-cVRinod by comparison with the Junior -.pjjfeis, owlrg to the same reason. JV'Tfco 25 rolnt Tlse In Chicago. St. Paul. Minneapolis & Omaha was accomplished iTillh the a cumulation of only a few 100-Tshare 100-Tshare lots, and tho 35-poInt Jump In tho Ipreferrcd stock was on a slnglo transaction. transac-tion. Other advancos in the group were fin proportion to tho scarcity of the floating float-ing market supply, due to tho closeness ivwith which Investments in these high-l high-l crude stocks are held. I Virtually every stock In which there are supposed to be Vanderbllt holdings or which have financial or traffic affiliations with them was affected and It was com-i,,mon com-i,,mon supposition that some Important project pro-ject affecting the prospects of the group I'was on the ovo of disclosure. Tho colncl-' colncl-' dent heaviness In the Pacifies and Erie in contrast with recent buoyancy caused .some hesitation in tho market and the 'general list was tardy in responding to "the Vanderbllt movement. !The movement In the Vandcrbllts !eemed to culminate with the announcement announce-ment of the regular dividend declaration for the Cleveland. Cincinnati, Chicago & St. Louis stocks The hope of an advance In Ihls dividend rate was one of the many suppositions surrounding tho movement in Jhe group. The belief that tho quartorly statement of United States Steel earnings, to be given out during the afternoon, would prove favorable, caused a demand for United States Steel preferred and fjAranlfiarr.ated Copper was also strong, j Tnet'openlng dip in prices may havo been- influenced to some extent by the - jrencwal of attention to the subject of iFedcral control of railroad rates, caused liby the President's Philadelphia speech ?and by reports of a party agreement on a twngresslonal measure if The chango In officials of the Vanderbllt rfffstem looking to concentration of operation oper-ation were not regarded as adequate explanation ex-planation for tlx excited movements In Jlthe stocks nnd there was considerable realizing Jatc In the day. Recoveries at teomc points made the closing Irregular.. t The bond market was Irregular. Total rlsalcs. par value. $0,150,000. k United States bonds were all unchanged Ion call I NEW YORK -BOXD LIST ' U S ret ;a regis .KM Japan 0a, certs ?D do coupon . . lfUVj L & N unl -In.... 1021 VSis reels ..103'h Mnnbat c s 4s....l0ri ; do coupon 101', Mexican Cent -Is.. 74,.t V S new 4s rests do 1st !nc 23r i do coupon . . 13Hi Minn & St L .. L S old is regis .103Vj M. IC & T ). .. 101 i, do coupon . . 105 0 2nds S7U : Amcr Tob Id certs 73V, X R H of M'x c ts S?', ; i do 6s ccrla .. HJ n y rnt gen 3.1CfOMi Atch cn is .HMVi N J Cnnt cen C..1W; - do ndj Is 954 Nor Pacific Is... 1031 : Atlantic C L t ..lOl do S 774 ' Bait Sc Ohio 4s....liH Norf & "Wept c ta.l03Vj ' 6o S'.,s .. ....... K; o S L rfdE 1c. . 07 3 wnt of Ca Its.. ..113 ppnu conv 3.. ..103 '"loin Inc . ... 01 Rcndlnc son Is... .102 V r-? .dJLnc " St I. .i I M c Ss..ll7i V.?'i.& .?n, 10S St L & S F fs in.. ?m H "lton 3ti9.. 82 St Louis Sv c l. Mi 'tS ,,i.Q " " fieb- A L Is S$U t a 1 f V n nia- So Paclfllc 4s .... Mi 'fn ?I s3 So' Railway r.s ....ISO fSL.T?. 4s T. St L & W Is.. 8f y!lI,ani1 "'4 Union Pacific Is ..105Vt tyrZl? , 50 4s 5;l-i '10 conv 4s 121 fir 5 ,;c.crls mJ S see' "'1 OlTk . ir 101 Wabash Ism 119 jniniiicrs sre 5h . so do del. n csi atrle ..r lien 4b.. .102 Wc.-tcrn Md 4s . 53 fvt wf? iH Si Wli : L Krlo Is.. 03 ItLv 1. .,D 0 ,Bl ,u's Wtroon Cent Is .. 01 tlllock Galley 4is..ll0 t CLOSING STOCK LIST. Sales. Hlnh. Low. Clos. Jf. ,n . -5.400 S8T4 S3U SSS funfi -m 102 I01 d iT,itlc Con-'lt Lln 3tt 122'i 1 ?Ll'racre & Ohio .... 13.&-M 103 1017s 102V4 jl 'w P'tlcrrril i 5.5 'S2?,0.',N.J 100 is 103 i K Gt Western 17,100 23-4 23 23 ifM"1?.0,,, N'wstcm .- P.000 213 211 215V, I ,th , Mil & st Paul ,. 01,700 178 17C 177 4 ifna,co i;r & Tr LCOO 10U l?'-4 1R V C.S , &rSl LotilB.... S,() 102 Pt MU u f'J-Crudo i Southern . tW 25 25 25 H i ii . Pr"'flr'''J 2(j KlVi C3 r.u - rS" ProfTcd IfO 37't 37 3C C raro, & ""lBon .. 7.S00 1KU 1S3U lSit i ffi' It G 32 32 32 1 fyPrcerrcd . I.COO M W,i S5 3 I " Preferred, ox Jlv. 7.4M S0 7&V4 7fl ij&"rHJ8i .Si .88 r.jf"J & NaBhvlllo .... 9,100 lV-Vfc iw2 133 'i altfln 1.5) 171 170U 17014 M& eurltlw .... 3 6M 77'4 "ig 77 : fe1 St Ily 7.200 110 114 16 U;03? pmral 3,000 22i; 22 2214 t S 81 Lo"!" .... .... (5 jH K?Rvn.ot Mexico 42 K v rk Central .. Cl,305 i;0V; 140 KS 3tlvnrf,0n.1 Wosl.... 2,m 41 43 43 "JSKirk Wtwtcrn . 5.4W 70T6 78 79U roagit't(fg'-f'?d 100 04 91 re rcnnr'lvnnla . 102.100 155 1SS 13S Pitts. C. C & Kt L.... 1,00) 79 73VI 7S RcndlnfT Si.lCO SS S7 S 1st preferred 200 S2 9! 91 2nd profnrred , S-S Rock Inlnnd Co 17.300 23 3(v4 33'4 preferred , Si', St I A S F 2nd pfd... 700 714 70i 71 St L S'wcstcrn 1,000 25"4 2314 25U preferred 1,00.5 Wli CO CO Southern Pacific 1C.1M 67 to "4 f preferred 000 US 116 IIS Southern Railway .... 6.700 344 34 31 praforred i,C0O 97 97 071S Toxas & Pacific COO 3-114 3U 3 Tol. St L & West 400 26 36 33 preferred COO M C314 5214 Union Pacific 10.KO 122 12114 122 preferred 100 97 97 97 Wabash t..., . GAO 21 "4 11 21 preforred 1,100 43 43 43H UTicellns & L E GOO 18 18 1S Wisconsin Central .... 17.3M 24 22 14 preferred ; 1S.SO0 54 16 53 Express companies ' Adams , 215 American " ECO 23 225 233 United Statca 120' Wells Forgo 4 242 Miscellaneous Amal Copper SC.SOO 74 72 74ft Amcr Car & Foundry . POO S3Vi 336 33 prefciTod J.V) 5; 931S 53 Amer Cotton Oil 100 33 33 33 preferred 92 American Ico 1,401 (T 614 S'i preferred 2,200 25 3S JS Amcr Llnwed Oil 1614 preferred 100 40 40 SS Amer Locomotive .... 2.SO0 37 35 3614 preferred KO 111 1104 110 Amer Em &. Refining. 3.C00 Sfl 5 S5 preferred 2.800 110 119 119 Amer Suear Refining . 10.000 1434 141 u; Amcr Tod, pfd cert.... 4.CC0 9-1T4 91 9 Anaconda Mln Co .... 1.000 110 107 100 Brookln Rapid Tr Z.SO'J eoi GO 00 Colorado I & F.., 12.100 48 47 47 Consolidated Gas 90J 203V4 202T4 202 Corn "I'roducts 19 preferred 7614 Dimmers' Securities . 70) S7 3i-4 36Mi General Electric 1.000, 1S6V4 1S3 lfG Inter Paper 7014 preferred 7614 Inter Pump 10) 33 SS 3S preferred .. S614 National Lead 3,200 27 26 27 North American C.700 101- 100 10314 Pacific Mall 40) 43 43 43 ' People's Gas 3.W0 10$ 107 107 Presftd Steol Car .... 300 3C 30 36 preferred 100 9m 9114 9Ui Pullmnn P.ilaco Car 233 Republic Steel ........ 2,200 16 16 16 preferred COO 6914 C9 6S - Rubber Goods 100 27'S 27 26 preferred 94 Tcnn Coal & Iron s... S.100 7314 7114 T214 L S Leather 1,600 13 134 13 preferred 6,100 102 102 102 U S Realty 3,000 S2 81 81 U S Rubber 20) 37 37 35 preferred 100 100 100 100 U S Steel 89.300 31 30 30!fc preferred 86,80-) 93 9114 SS Va Caro Chemical ... POO 35 3 31 preferred 10714 Wcstlnchouso Elcc ... 00 18014 1B0V1 179 Western Union 92 Total eales for tho day, 1.227, 100 shares. New York Honey. N'EW YORK, Jan. 31. CIoso: Money on call, steady; 11j2 per cent; closing clos-ing bid 1 per cent; offered 2 per cent. Time loans cnBy; sixty and ninety days, 3 per cent;' idx months. 3US3V4 per cent. Prime mereantllo paper, 3fj4 pr cent. Sterling exclianer firm, with actual business In bnnkors" bills at fl. 67.904. S7.93 for demand, nnd at U.63 C0S 4. 85.65 for slxU'-day bills. Posted rates. $4.86 and 84.SS14. Comemrclal bills. $1.85 Bar silver. C0c Mexican dollars 4714c. Bonds Governments steady: railroads " Irregular. Irreg-ular. SAN FRANCISCO, Jan. 31. Silver bars, 39c Mexican dollars. 50c. New York Metals. NEW YORK. Jan. 31. Tho London tin market mar-ket was a llttlo higher again, presumably on further covering bj Hhorts. with spot closing at 132 7s Cd nnd futures at 131. Locnlly tho market seemed rather Irrccular and unsettled, un-settled, with tho spot position a llttlo easier and trade quiet, pending the monthly statistical statis-tical showing- Spot is quoted nt from J29.$Q 30 00. Somo dealers wore said to be anlclnc as high ns $30.1214, but sellers wcro reported ni-ound $29.95. Copper was alco a little hlchcr In London, closlnc at 63 Is 3d for spot and C3 5s for futures. Locnlly the market remains firm nnd unchanged, with lake quoted nt 515-30; electrolytic nt 16 37 14-ljf 15.50, and casting at S15.'ifI5.25. Lead was unchanged at 12 15s In Iondon and at JM5Q I 55 In tho local market. Spoiler was unchanged nt $0.2000.30 locally, but rulod n llttlo eaMcr abroad, where tho market closed at 24 12s Cd. Iron closed at Ks 6d In Glaecow and nt 17s 7Ud In Mlddlesboro Iocolly tho Iron market Bhow no niaterlal chnnt-o. Demand Is quiet for the tlmo being and It In reported thnt there aro ftlll a few lots speculatively held that might iosslbly bo picked up a llttlo under tho Kgular market, which, howovorf is still firm. No. 1 foundry. Northern. I quoted nt $17 2Jr17.9:.; No. 2 foundry. Northern, nt $17.50; No. 1 foundry. Southern, nnd No. 2 foundry, Eouthern, soft, at $17 75Qi8.00. United States Steol Dividend. I NEW YORK, Jan. 31. A regular quarterly dividend pf 1 per cent on tho company's preferred pre-ferred stcck wo declared today by the directors direc-tors of tho United Slates 8tM!l corporation. No dividend wns declared on tho common stock. A report was Issued showing that the net earnings for iho cunrter ended December 31 wcro $21,'45S.734, an' incrcaso of J0.421.553 as compared with the pnme quarter a year ngo. Tho unfilled ordort) on hand December 31 last Woro f,GS-,2X3 tons, nn Incrcaso of 1,481 OS0 tonp, no compared with unfilled ordero on December De-cember 31, 1903. Gold for Europe.- NEW YORK. Jan. 31. Arrangements havo been completed for the 6hliuncnt to Pnfs on ' Thursday of gold to tho amount of nbout Jl.000.000. All but a small part Of It will be In coin. Tho National Bank of Commerco will send $2,000,000 cold coin to Cuba Snturdny. Treasury Bnlnncos. WASHINGTON. Jan. 31. Today's statement of the Treasury balances show: Available balance (cosh). $136,317,911; gold, $43,77.3.607, Western. Oil Declines. TOLEDO, O., Jnn, 31. Western oil declined 2 cents today. Boston Wool. BOSTON. Jnn. Jl. Tho exceedingly small slockH on hand pnivont anything but a moderate mod-erate business In the wool market. Manufacturers Manufac-turers havo much expectation ns to a favorable fa-vorable condition In the futuro Thoy nro disponed dis-poned to purchase anything thoy can uho, without upeclal reference to tho prlcn Territory Terri-tory wools nro moderately actlvo and firm. Pulled wools n"re quiet. Foreign grndos nro firm. Territory quotations; Idaho fine, 18ffl8c, heavy fine, leKc; flho medium, lSQ:l9o; medium 221723c: low medium, 23tf2lc. Wyomlnn fine, 17691Sc; heavy fine, 15? 16c; flnn medium. 17l4QlSV4o: medium, 23321c; low medium. 2J'!j2lc. Utah nnd Ncvndu flno V7fflSc: hcnT flno, 15fflCc; fine medium. 17'fflSc; medium, 2Jf23o; low inedluin, 23t'2-lc. Montana fine, choice, 21?22c; fine, avnrago, 19ff20cr flno medium, choleo, 21$?22c; avcr-nga. avcr-nga. 19I?20.; staplo, 22023c; meillum, choice, 22S2SC. Iondon Wool. LONDON, Jan. 31. Tho offerings ut tho wool auction nulcii today were 10,535 bales. The demand win better. American buyers reentered re-entered tho markot and secured several lots of' tho best morlnos at Is 3d. Belgium took choleo seourcdu at high prices. Franco absorbed ab-sorbed the bulk of tho medium greasy Amor-Ica Amor-Ica com;olod with homo buynrs for croaa-brcds, croaa-brcds, caufdng a brick sale. Homo buycrr, howovor, secured most of tho offerings at prices In eollcrs' favor. |