Show REACH NEW NE' LEVELS ON EXCHANGE Mysterious Selling All Al Through Session Starts Many Rumors Hy By Thomas O. O New York March 8 Although h the he befit beat beA interests l in the street et stocks openly openly open op-en- ly throughout lh the day mysterious IS selling set In again just at the close and time liA market market- closed w weak and active The Tb TheS nearest explanation within reason llon Is Ia i that S th tIme tho Wall Wan street public accepted payment of ot a a. dividend on Southern rn Railway preferred pre pvc as proof nl that J. J P. P Morgan has I abandoned all ni conservatism for the dividend divi dead Is paid out of or time the surplus It I was as not earned and cannot bo be b Justified After all al that has been bein said sId about the tue Union Pacific division being justified d. the Il Southern railway dividend following the thI unearned dividend declared lh the previous I day on Inter Borough Inter Metropolitan hamp ham bas I had a a. a very 01 bad bat t fleet c. c Southern Hallway p was WM fast settling nettling down toward Its Is tea real I value an and had reached d 70 iO when the the dividend dividend divi divi- was declared It I Immediately shot I up six points but almost as quickly lost losi C the gin gain Then followed furious seln selling of both m Steel common mid and preferred Union Pacific Pa Pa- Rock Island nt Illinois Central New Nei NewYork Nc York Central I L. L and N. N Reading Heading aD and Cop COI Copper per pet came tumbling out In reams rams and ant the thelast thelast last transactions the day ay were a atho at attha the tho bottom and many q of them establishes ai i new low lv levels Reading was the the oni ont V stock In Wall Wail Wal street that behaved hf-haved wel well 1 throughout the day d It was broken foe foU r points in the earl early trading but quickly V recovered 1 It t hung around 10 while the th Va a list was as being slaughtered d In i the tho las lasi t few minutes of ot trading Ons of the persistent persistent per 5 rumors of the the day was that th tJ the C CI Harriman holding company would be bl an an- I- I next week ek and and that tiit It would anC b C just in time Ur to anticipate action acton by th tim tu 0 Interstate Commerce commission move ir I 11 n dissolving the hc Southern Pacific merger In lii tho tue Street The Tie total number of shares of stocks sold today amounted to 1020 against 12 the same day last year The T total par value of bonds sol sold today toay was against t i. i the time same some day tay last year Investment people are got getting ling worried over eve the light fight between time the tte public and anti the railroads The battle hatle has ha been reduced to lo an absurdity In I certain sections of at tile the country It I Is un understood that lint in parts of the West Vest time tie popular sentiment Is In favor lavor of abolishing the railroads entirely Utah Nevada N vaca- vaca sold soll at the lowest lowet prices I It has touched since Lawson began his campal campaign n. n The hc Cobalt Cobal C Central Central- lO today ay shipped another an nn other carload of ot ore oro making the tho third shipment within the tile last Jast thirty days Missouri Pacific sold soll at 71 7 which is s lower low low- er Cr than It reached rached In tho the gr great at panic of ol May Ja 1901 Nothing can cn be discovered officially of of- in regard to the time dividend policy poley but the stock has already discounted a 0 reduction S Buying of copper Is the best seen for months Investors who ha have been out of the the market for many weeks are ore returning and buying copper Range of ot Price The range of ot prices was as as follows o I She Low Close Arnn C. C F. F 40 41 fe feA 3 1 3 u 39 A mn Smelt 13 13 Locomotive e 69 9 70 O CSt C CO 69 i Sugar 1 12 1 Wool 2 28 2314 1 i 12 2 35 23 Amal Amai Amal Copper 11 ia 1021 1021 Anaconda Copper CS ft 66 CC 66 Atchison Atchison 92 93 9 G I f 91 I Baltimore and Ohio 1 10 1044 10 Brooklyn H 11 H T T. 57 59 5 37 SS 58 l Cana Canadian lan Pacific 1 liH 1 H HI Choa Ches Ch's anti and Ohio jt tI 43 I U 12 43 U C. C i I. I P 1411 J 10 I Colo I I HOJ 2 1 O r 4 Illinois C General nl 1 H. H and nn Nash H Us 19 19 Mexican C Central 21 2114 l' l 23 fe 20 2 20 Missouri Pacific 75 75 i 7 71 il 2 72 M 51 1 K and T T. n. 41 40 jo 1 40 41 do preferred G 3 68 CI CS 08 New lw York Central Central 12 J 1 18 i 4 N. N N Y O 0 and ant W. W 40 0 J 40 0 Nor and Wesl Western rn SIVi 79 79 National Lead lead Wi G. G C ea 63 4 G Cl Northern orther Pacific ill 11 13 18 Pennsylvania 1 1 12 Peoples People's Gas 9 91 90 Reading 18 11 16 4 9 2 A Rock Island 23 2 22 21 21 1 R Rep p. p I. I anti and S S. S. S 27 27 23 28 20 26 z Southern Railway hallway 21 1 22 21 Ii 1 Southern Pacific S 84 81 SI Si Tenn Teno Coal and I I. I 12 i HI HO o Union Pacific ira 4 l 1 U U. S S. Steel 39 3 O 40 0 f 3 33 33 do 10 preferred 69 99 99 Union Pacific Common extra dividend 5 a aper per cent Money Ione closed offered at t C G per cent |