Show I S1 STAGGERING BLOW BB i HITS Ellis ITS ITS' ML STREET I Harriman Harriman Deal Deal Reading Reading- Pros Pros- and Wheat Help Bears In li ll THOMAS S c. c Now No-is' ow York Vork Ia May 10 Under Under the tile deadening deaden In ing influence of oC the thc liam Harriman financial plans and r fear of or a bl big bond 1 Issue h by Heading the lie stock lock was y staggering today when the th t crop report mla made e it known know n that limit I v bushels 1 less 4 of win winter lt r wheat wheat- probably will b be harvested har this year cat than last The Thc result was ivas for Cor n a f less few ulc Wheat heat I advanced 5 l cents a bUI 1 I and stock stocks declined one ine to three points mill all along alon the tue th line Tit TIm dOM close wits waN at a It slight improvement from the wor worst t o of the thc lie day but with net nt losses lt was the lie object of or much solicitude on the thc tie patt of or those thOS ble for th the n new w stock issue Issime Kuhn J LOCh and miti company received recel orders orlIs to buy th th tb stock In Imi unlimited quantities quantities- l at II 11 But Hut lh tile they wC were C told to lo stand from flom under If Ir Iran an Nu sudden break should carT carry It Il a point under that lint 11 uc They succeeded tl In ol in the lie stock until lie lie- crop report mama eam out omit but hut the lie break then thell as yas fas only momentary It I Is now no s-ald s tint thal Union and are hed linn liim to 10 enable th the lie mn market to lo withstand th tIme the shock hock of or the Reading Heading financing while which Is soon soomi lo to he lie made tle public p l It will lit pro 1110 prova proa a great shock to till the t street to discover cl that Rending Bending needs money mone It Is uncertain uncertain tam tain whether the lie money monc I Is wanted lou for an nn Increase of fir dividend l or 01 for or Improve Improve- men ments ts As s the traders anti and the lie lending operators were ero bullish today the they wet sorely sorel disappointed l over o the lilt courso course of the time market markot Shorts Short are arc plentiful in I few lea leading ln stocks and lh r alone ifa 11 the thc t marRi-t from rom a haul bail break hrak alc ll lm J Is only lit III to state that short I Int Interest Interest- r. r t. t lu Iii wheat heat hrat Is enormous normO and amid that the rl rK ris' In Imi was perhaps HI greater than tin th conditions justIfy There Is so o much wheat l In Carm farmers farmers' rs' rs hands an and amid at In in- in points that th the the- lot loss 1085 o or or- tJ l bushels Is not a calamity At t the lie moment moment mo mo- ment went It probably will cause CHuse further d di- di In the lie market but lUt leading lendIng bank bankers bankers ers believe c that If the thie weather is good front front- now on omi th the lie crop situation will bi- bi up Ui to to- the te a average eNl It will be he observed ser that tha t t time they hc sa say If There aro ar a creat geat many its Ifs floating around Cl alL l street just now One of or them refers to Union earnings Some bankers say a that If this report Is correct cor com reet Union enlon Pacific Is In Calr fairly good bod ocl shape In lii the thc Street The ihie total number of or share of or stocks stock s sold hJ today amounted to against aJI tho th corresponding day last la t year The rho total par var value slun of bonds sold old to toUs today to to- Us da day amounted I to 1 n against 00 mist fist year The most unkind cut of oC all today InVal in Val Vall street was th the report that nea Reading was to Issue Issue- new securities J perhaps next week The Th street was divided l as ILM lo 0 whether wh ther the money mone was wanted for an Increase In dividend or other Improve Improve- ments Of or course this report was de do- e- e nied Everything I I Is denied nowadays no High fil financiers will deny the time lime of ot day U The They will den deny that lint t they hit are arc alland all alive and some lome persons person are beginning to think that they the are not Official denial of rumors ru ru- mors more In Iii Wall ValI all street is now accepted no us a official confirmation of truth Now No It develops that hint the G General General- Electric hiss has hasa hissa a trem tremendous n surplus without t any cash eal Although r reporting time best hest year In It Its history new financing Is said sattI to bo ho planned to supply cash sae sales au- au being belli made madu In return for cor- cor I. I O. O Us t It o who who are arl close to tho ho tra of oC i. i Union lon loui Pacific and Southern l' l Pacific cW S nay sas' that thi the tHc companies will have ha trouble in n enough h spot cash to tu IJa pay th tim tho dividends for tho tIme Union Pacific Pa pr- and tho time Southern Southern- Pa ell la also I possess pos nos- OS- OS sess ess Ion louig- louig surplus accounts account In lie tho shape O ot receivable i. i A strong bull market nun nine ket I ct Is In progress In la Wall Vall street streets street's Mr tIT Harriman lia hij hi criticised t for 5 selling uch luch poor ra rails II 1 Gary Gar of tho the steel trust answers that lint th the steel rails were wert made accor according lm to the lie specifications ma made e by the tIm harrIman Ill en- Iners and were tested b by these enl enl- Ir Gar thinks nee before delivery er clI Mr Gary that the tIme railroads should us u use c e pound rails ails Instead of or 90 Kango o of Prices The TIme ran range e of or prices was as follows Op Open High h Lo Low CI Close Ani 0 F. F 16 uG 6 ti AD ADS 0 S Smelting L' L K i 1301 Am J Locomotive c 6 i 62 G I Gl m. Am Wool Youl 2 9 29 I Amal Anial Copper 91 im 91 a Art q ArtAna Ana Coppe G ic G 62 62 t- t 62 G C. C Atchison lIlt 9 9 90 U. U awl ami 0 O. O cs- cs 4 Iii t 97 In R. R T. T 1 KHi K A M i SiCan Si Can Canadian dlan Pa Pacific lil 16 l iii lai i Ches Cht s. s and amid Ohio II 0 10 10 lO C C. C Mj M. J and P P. 1 I 12 1324 Colo Cole 1 F. F antI and 1 I. I mi H. H n i H Jrie Eric 21 l I 21 I n 23 3 Lou and Xa Nash h. h mi i I Mexican Central 21 1 21 t 20 21 l Missouri Pacific jl 4 il 7 71 il 71 iP M. M K a and amid T T. T Go SC c G i a j 3 31 do Jo o. o c 6 Ci w c. c w c 03 G c N. N Y Central H iii HI 11 hii lIr N. N Y i O O. and anti W W. 27 37 7 37 7 11 16 CG i Nor OT and ammil- West 77 i 7 it 77 I. I 77 77 ii National 1 Lend L f Kl 1 t c Northern Pacific 1311 l I 1 Pennsylvania anla 1 I 12 i 1221 Peoples People's Gout Gas imi IU j i Reading ca tn I W 12 1 Rock hock Island sian 21 21 i 21 21 I I. I anti and S 4 WM c 25 27 1 26 Southern Railway Halh 20 1 20 2 26 Vi 20 O Southern Pad Pacific SI-j SI 81 S1 S So fC 51 i iT T T m I IC C. C and auth I i 1 Union nion II i 1 lilA lF t L' L S. S Steel 37 1 3 3 26 6 i do 10 11 OT r. I O l 1 lW ni lot Tenne ec Copier 1 1 i. i II 10 11 lOi 1 IJ 10 10 4 17 17 17 17 1 I American Locomotive e extra dividend 1 II per nor cen cent t extra dividend 3 per cent Ix Ex J. J tl tJ Total sales iGlOO Mono Iono Money closed 21 per pcr emit cent |