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Show i,fJ Market Recovery ""f Is M Sustained tyj f Ijjopatienca to Turn Over Profits Is '! Dlicouraglng to the Professional Manipulators. eW V ' NEW YORK July 12- The vigorous re-eovery re-eovery of yesterday from tho effects of j tte Hharp !PecuIa-l,V0 liquidation of the i ' W bfr0 arUfled brilliant hopes In tho JVi. clnds of a professional element that tho MA I icck market was to feel tho benefit of the IfV) proved technical position resulting Vs !-&om tho digestion of profits and would ; prepared to renew tbo advance wlth-1 wlth-1 (Ut serious obstacles. Tho result, how-r.er how-r.er disappointed theso hopes and of--m() Urt'i an admonition that same restraln-"Sff restraln-"Sff fore exists upon any lmniedlato re-WMPfll re-WMPfll ot unmeasured epeculativo opera- TUlHl' What tho restraining force may ho does ilOiMi' rflt appear on tho face of dovolopmcnta. .""IJf! it is conjectured in tho neighborhood VIJ'IkS the Block oxchango Itself that tho 1 1 HBSnvinc authorities would bo willing to se- ' nlKIuro a restriction on tho amount of funds 1 borrowed for tho purposo of speculative UiU wmmltmenta in stocks until other autumn T5.J? JrMDlrements on tho money market are tetter defined. 1 The market started off with something ijio a rush today In continuation of the tj bcoyant movement at tho closo yesterday. , 7be strength thus shown was promptly i Jtaken advantage of to realize profits by i-ofesslonal traders who secured holdings tho declino of Tuesday. ThlB Impa--Ji tirnce to turn over profits was In Itself "3 ii'icouraglng to thoso hopeful of an cx-Ltded cx-Ltded recover ni ' jrore careful Inquiry served to throw 2 rubtB on tho authority for somo of tho ""-5 rtxcltcd rumors circulated late yesterday " , 3 to an Intended largo distribution of "r -I rirplus assets to Northern Pacific and Grfat Northern stockholders, although it -i tras sought In connection with those ru-"A ru-"A 'itors to revlvo tho wholo series of ru---v ;nors regarding plans for a readjustment :-i of Northern Securities) holdings. 'Tb most effective response today was ;In St. Paul and Atchison. Tho response - 2 iTef Baltimore & Ohio to. the Increase In Its i dividend rate was also a disappointment -31 to tho followers of tho market It Is. to J i jure, according to numerous prece---iS Jj'ntB for a slock to react on the publlca-"A publlca-"A 'Hon o tho nous which was tho motlvo 7- Iforlto advance, but tho Immediate prece-; prece-; ftnt of the uninterrupted advance of 3 ip.endlng after its dividend increase had -sjl I jroused hopes of a new order of things. VTho effect of tho dividend action on 2 -Baltimore &. Ohio was sen. however, In a-li 'Pennsylvania and Norfolk & "Western, '' Trhlch enjoyed a season of strength. Tho - July Iron statistics failed to show any of i "the revival of which thero has been talk - j n stock markot circles. In connection with -""T? 'tho recent strength of tho steel Indus-I'ulals, Indus-I'ulals, but the contemplation of prodigious -J tgures of tho half-year's production and UoDSumptlon mado an impressive lesson 5 tt the va3t expansion In this industry ' Mid of tho far-reaching Influences of this ? : fact on the Industry of tho country' as a Tg itfbolo "ys I Weather reports from the crop regions "T lupplemcnted tho good effect shown yes--r-Z '"ttrday from the Government crop report, -sr; The sustaining Influences proved unavall--r Jcg to hold the market against tho . prtssuro on It and Inst prices wcro near 'he lowest of tho day. A large proportion rof the tot.al business of tho day was done -TJ f finrlnc the first hour. '"'"f 'The Japanese bonds were strong on ac-T3MU0unt ac-T3MU0unt of tho success of tho subscription nTffvlo the new Issue of Vis. The bond market W" s a whole was Irregular Total sales, par rrWll 'a,lie. UnlU-d States bonds were j'm enchanted on call. NEW YORK BONDS. jj(ei iUSrt2srff.. ..103TiMex Cent is 77 Wi3 y coupon . . .10314 1st Inc Mji . V S Is reg lWli Minn & St L Is .. SS ,. eoufon, lrti M K i T (3 101U u,fj .' U S new Is rcg . .1321.4 2nds S7i -a . coupon 132iNat K H of Mcx .J V S old 4s reg ... 101 con is S2 r; l coupon 105 N' Y Central g 343 OSTi "J .- Am Tob ccn Is.... "GUN J Central g GS..133U ..-r; n U rt . ...lis; Nor Pac 4s 103 - J Atchison pen Is ..lCti 5n 77 ., adjustment 4s .. 57 Nor & West c 4b. .102 J AlUntlc C L 49 ..102 O S L rfdg 4r .. . P6U .J! - k O 4s lOSHPenn conv ...10J4 J : M-H Rending gen Is ..101 Ctnof awrsla 5s.ll3a4 St J. (c I M c 6s..llfi V.-jt f lit Inc ?5i St X. & S F f g if S3 'Ji x J04 lnc fmsi louir s w c sm "Tff y Cfct & Ohio 4'ss..lPS'4 Scnbonrd A Ii is. S3'4 C Ul i Alton 38. "9iSo Pao In 53 . C B & Q n 4a ...101iSo Bnllway on . ..118i r-rj V Chi K I & Tnc R Tex & Pac Is 1211i Reolta OI-iTol St I. & TV U- fl ; CCC & Et L, E 4b.10: U P 48 105'i PJSo Tin ... 97 conv 4n 17SS Ji 'I CjO Mldlund 4s .. 74-4 U S Stcol 2nd 5s.. 05 V' f L 4Hs .... Oliv; Wabash Is 117U l?11 5 crt . ...1041 deb I? 73 1 J. R Q 4a ....Wi Western Mcl 4a ... 3t4 -1 I Eurltlc9 68.. 73i Wheeling & L, E 4s SI "ii I ?J' pr,or 1 ls -10m Wl Cent 4.i 04 "- n 4b P3V4 Japan Cs r J nvv i D c is ..U2 v.i PUi HwltVM 4Ho ....110 Colo Jnrt.aet A .. 7P,i "7 P11 ts cert .. .101'.4 tot 73 73V5, ra?T-,Vcl & N unl 4s.W4US P 1st 43 Sj -JM, iUc con g 4s ...101 IHt1 CLOSINC STOCK IIST. Z-kk Sales. JIlRh. Low. Close. "jJBan Express 243 jMR'nmatod Copper tO,9M ilK MVi S3?L r-KAtt-U-lcan C St F I'eO-J 3CT4 SVi 35U -"TjB WnJ ;00 90 OT .'5',4 'JK4a potion Oil.... 100 31lo 31H 31b rWwAttrlcan Express ...... ..... . .... 225 i r!cnn 11 L Pfd.-. l.W SS',4 3CVi 33 "mx k7niIco 100 24'4 2I 'iTTf 'i?011 Locomotive." 'i.'oOO 49 4Si 4Sn "!3l i",trr'l W 112 111 11114 3JlI f ian s & R II" l'-'J l15 ""3. .irrJ S'J 115?i H9W 1104 XWi iST'i. Suear Ref.... 3,700 130:, 12SVi 13S lJ'Ji V?. ToV prj' crt-. . . 17 t'7 SCIi '"d uXf"daMlnl,,ECo.. . 2,100 105 10S4 107W nil8011 31, 100 SC:. M-)i S8i ;sMi Coaat Lino.... 200 ioj iw ico '1' pfc& 01,10 5',J 1,RVi 11 lW "t1 "jm ai'.yn ?a,ld T-.-'-i ii.'wo ioii eivi cou S,an dflc 4,SM 161H 1S1H "3W rJ ral o N J 200 BitStoJ??'.?5 "10 3-lw 6,y D3 53 & AUOtl S6 Vf?l W0 7Si 70 7U &mi Sfef l 51 3.700 SOVi M!i 1 t C ve? c& wentom. 2,f30 210 20S 20S?i ChlSsf 1t 1Si 1T3 ttSaH VriZL? St L, S7 Aal coSS ,U,L& Iron-- 3' w vi 4CW tl 1 nir& 'hern.. 1W W 27 27'A I;Sfcftsu!u 100 ,m io,i S Hudson.".'.' "'iw Jb5ii lisii lW' tlKT tor.,- . IUo Grind.i 70-J 32 3114 3194 -"MCtrlt Securities.... 200 iVA UV, 41 In iW, 13'W0 IT tov iW 'Rrarte0, -2V4 '.Htrlul. t'llrle 170 -Hwim, Vny is IM,i T JS3. "K mi k;.4 ohfttin TNnshvlllo.. 3,fcfr) 145V4 H84 1 IS WoK !? .fccurlllcs 4.4W 3 82 81i Smwi v Et p i. Va"lH w ,tfcrre? 8 St0 M-" 1 1 123 JjrjBf, y- K ft T 3,100 5351 ' 6sn SSJt mfmej .':.'.":.':: '"iw ?; " ' I I I I T T T I I I J 1 'SILVER. 4 York 5DVic -- San Francisco 153140 . LEAD. ' .4. -f- Xcv York exchange 4 t- - COPPER. 4. 4- New York exchange ... .$ie!wff 15.50 -r- STOCK MARKET 'SUMMARY. 4 4- Union Pacino dividend expected -f- this week. , . Baltimore & Ohio dividend ad- vanced to 2Vi per cent scml-an- 4- 4 nually from 2 per cent. 4 f- Indications point to stlffer money 4 4 rates toward tho end of August. 4 4 Allowances mado for Improve- 4 4- ments this yenr by United States 4 4 Steel, which breaks records. 4 4 International political situation 4 4 unchanged. 4 Somo demand for Reading In 4 4 loan crowd. 4 Expected large subscribers will 4 4 get about 20 por cent of their nppll- 4 4 cations for Japanese loan. 4 4 Nineteen roads for first week of 4 4 July show average gross Increase 4 4 of i OS per cent. 4 4 Banks gained from subUrcnsury 4 4 slnco Friday $93S,000. -f. 4 Twelve Industrials advanced 1.07 4 4 per cent. , 4 Twenty active railroads advanced 4 4 2 per cent. 4-4 4 4 4 4 44- National Lend son (5 4J 4314 Mexican National pfd. . 100 37'i 30i 374 N . Qnl i W 7M &2Vi 5014 Norfolk & Westurn 17,000 MVi t6 SO preferred , North American 300 JKt wit S7(. Pacific Mall 500 41 434 I3U Pennsylvania 70,300 143H 142 1I24 JPeopIo'B Gob W 10GU 10SK, 104i , C C & t?t I, ...... 7G Pressed Sleol Cur .... 700 40V4 40 ' 30 preferred &, .51 ji Pullman Pnlnco Car.... 2CO 240U 2)0 230 Rending 46,700 107U 10SW 10i 1st preferred.... . 03 2nd proferrod Republlo Steel f coo 20$i 19i IDi prtf erred 1,500 S2'.ti St' S0?J Rock Island Co 10.4W 32 3U4 31H preferrsd 1.0CO 77Vi 7CU 76',4 Rubber Goods 200 31 14 3114 34 preferred -...., 103 SL & SF 2nd pfd...... W0 03 C7i i"H St Louis Southwestern. 1W 24 24 t3 preferred 02 Southern Pacific lfi.COO 65Vi Gi preferred 300 H74 11714 1174 Southern Railway 11,100 34 33". 33?i preferred 100 9SVi 93s4 SS Tennessee Coal ,fc Iron.. 13,400 S3 65H RJ4 Texas & Pacific 400 33 ;i 336 33 T, St I. & W ICO 35H 3SV 38 preferred 100 67K 57'.i 57 Union Pacific 97,100 1S0U 12314 llSli preferred , 954 United States Express 122 United Stnies Realty .. 400 W4 90'i SS United States Rubber.. 1.100 -I3- 43 425; preferred GOO 110 10054 1W4 United States Steel.... 44,100 34't. 31'i 31 preferred M.OflO 102ij 101H 101 Va-Carollna Chcm .... 1,100 3SU 354 35',i preferred 107 Wabash 19 preferred 100 39S 30fi 39U Wells-Fargo Express , 233 WestlnBhour-o Electric. 400 1C74 1G7V4 K5 Western Union 3W 93'4 93',Cj 93 WTioollnj: & Lake Erlo 103 164 164 1C.4 Wisconsin Central 400 2 1 234 23il prefened 200 62 51 ' 51; Northern Pacific 11,400 203 19S 19S Central Leather 100 46 15 45H preferred 9CO 1M 10." 101 Total cnlca for tho day. TC-o.MO sharco. Treasury Statement. "WASHINGTON, July 13. Todav's statement of tho treasury balances In the general fund shows: Available cash bal-nnce, bal-nnce, $131,559,700; gold. 371.3ftI.13L Silver and Drafts. INEW YORK. July 13. Bnr sliver oDtfa Mexican dollars. -I5!tc. SAN FRANCISCO, July 13.-S:iver bars. iSMc. Svlexlcan dollars, nominal. Drafts Sight, 5, telegraph, V. 3Vloney and Exchange. NEW YORK, July 13 Closo: Monej on call steady, 22', per cent; cloning bid, 2lA; offered at 2V4 per cent. Tlmo loans firmer; sixty days, 3f3Vi per cent, ninety days, 3', per cent; six months, JS'-I! per cent. Prlmo mercantile paper, 3ff4',4 per cent. Sterling exchange steady, with actual business In bankers' bills at S-l.&5&S.6ft.&; for demand and at 3-l.85.10ff-l.S5.15 for sixty six-ty days. Posted ratss. J4.S5ifriTI.Sft and Jl.SP..SS. .Commercial bills, .&17S. Ivor York Metals. NEW YORK, July 13. A continuance of tho speculative excitement In tho London tin markot loft prices thero at 113 12s 6d for spot, and 142 12a fd for futures. Locally Lo-cally the mnrkct was strong In sympathy, closing at f31.50CT3l.62V5- Copper was also higher abroad, closing at 66 2s 0d for spot, and 00 7o Cd for futures. Tho local mnrkct Is said to bo attracting a llttlo better demand, and prices ruled Armor Lake and electrolytic electro-lytic are quoted at J15S'15 50, and casting at $14.75 Lead was a shade higher at 13 12s 6d In London, but remained steady at $4,501? I CO In the local market. Spelter joined In the general advanco abroad, closing at 24 5s. but was no inoro than steady at 35.355 10 In tho Now York markoL Iron closed at 49s 4d In Glasgow, and at 45s 41W In MIddlesboro. Locally Iron was unchanged. No. 1 foundry northern Is auotccl at ?lfi.2517;lC.C0; No. 2 foundry northern at JIS.WSICOO; No. 1 foundry southern at S16.2Sfrl5.75; No. 1 foundry southern at $13.251G 00; No. 2 foundry southern soft at $15.25filG.00: Io. 2 foundry southern soft nt $14 751G.CO. Coast Grain. SAN FRANCISCO. July 13. 'Wheat Htrongor; December. Sl-. Barley Steady; December, 93?c. Butter and Eggs. NEW YORK, July 13. Butter and cheese Unchanged. ,,,,. Eggs Firm; "Western, Hffl9c. St.. Louis "Wool Market. ST. LOUIS. July 13.-Wool-Steady; medium me-dium grades combing and clothing, Jt 31c; ; light fine, 211x27c; heavy line, lSt?22c; tub washed. S2g42c. New York Sugar Market ' NEW YORK, July 13.-Sugar-Ra.w nom-inni. nom-inni. fair refining. 3c; centrifugal. .80-;c .80-;c mSc'sugar, 3c. Refined Is quiet; crushed. 30.W; powdered. 35.40; granulated, Jv.SO Dried Fruit Market. x'PW YORK. Julv 13. Tho market for epornted apples continues firm on bull-fsh bull-fsh cro ndv cch. Common to good aro quoted at 4V4fiaV4c: prime at Co; choice at r'S;eraaro w.St quotable change. rrlce!s ranging from 3 to Cc, according to SlAnrlrots show no fresh feature. Choice are quoted at J010V&c extra choice at 11c; ""pea'cheare Kodornle demand at re-r.V re-r.V n Ices Cholco are quoted at 10ff 10'"c: e choice at lOyMTMUc and fancy nV1VfSi2Cnrn nulot hilt With UPpllOH Jh? nnd moderate demand Is sufficient llgnt, tonft to the mnrket. Jn nuHcntels are quoted at 4Vi76Uc: Xa MiB 'i London layer nt $1.0031.15. |
