Show FINANCIAL COMMERCIAL i WALL STREET t. t Ls L.s. F Ij BY THOMAS S I. C c. SHOTWELL New cw York ork Aug tug J. 3 J. P. P Morgan poke to Wall i street treeL to today 1 y in no uncertain tone when hen lie llo cut cul the the l dividend o of Southern n Hallway H wa preferred The only objection tJ tle hopeful ones ha have In re regard lId to to Uti t cut la IH that It was not nol drastic enough enough- h- h Enire suspension of ot the thc dividend was what t the friends o of the till stock market expected ex ex- petted Even that l would not have havo put th the railroad In a position to make much- much needed cd Improvements Wall all street was quick luick to act net on Morgan's Morgans Morgans Mor Mor- gans gan's suggestion and began tumbling out at a n. rate to cause quotations quotations quota quota- to melt H of oC horn from from two to four cur points In th the active Issues were recorded re re- ro- ro corded cONed while Inactive Issues suffered rell e even r. r worse orse Southern Railway preferred broke 81 six points Continued III ti i UlIla Tho Thu marl market l at the Ule prices of oC tho thc day with a n ncr cr very uneaS uneasy feeling reeling il lt the thc street with a reduction l of New NewYork cW I York Central dividend threatened for Cor the lie near future haure and thc lie reorganization o of the thc 1 traction trust a certainty S So depressed was the lie street that announcement announcement an un- of ot the sale salo b by the Uie Rock nock Island Isi- Isi and of- of Its ils Interests In the Alton Aiton to E Edwin Edwin Ed Ed- win ht Hawley lcy and his hils friends had no ito effo effo ef- ef fo fo t whal whatever whaler er on tho the market t Sew X Ne v S Mcm f p A n new w railroad system had been l bon ul In Inthe the Middle Ih le West but it has hus received a r cold colli welcome IIa hawleY wl can iiO now no patch together the thc er Clo Leaf Lea the thc Alton Allon and the lie and I St. St LouIs LouIs' Thc IThe deal for or the Alton lIon all depends upon the thc roa roads rond's getting out of or the reb rebate le cases t I. I without any fine line D have lm lost Jost more than Luau lO OM fo for j 11 the week on 1 known movements mo o of C mono money but owing to the thc sete severe Sc o I loit lion Hon lou In Wall nil street and tho the stagnating o of z 4 s elsewhere time monc money shows a fr disposition to work orl easier Persons who w want It nt to make malte purchases of oC stocks blocks cat do so fO o with tho tie practical assurance of ot aol noi being Int forced to I pay mote more than C G pea pel cent cent- ih Copper COlli Combine 1110 J Kicks Thc The copper trust Is complaining that It ItIs itis Is Ig unfair to q speak of the tile great accumulation J lation of metal meal as a surplus It has sold much o of this It sas and amI Is simply holdIng holdi hold- hold i Jn Ing It Jt to accommodate ate the tho consumers The trust rust Is Js wrong for COL Or there thele is an un actual ac ac- ac- ac tim surplus sua of copper metal of oC nearly pounds The Thc trust will cut cul r v the thc official price price- carl early eaily in n September to toIS 1 IS B cents for Cor or lake and then something L definite mn may be learned regarding the ata nt- nt ot-I ot of consumers a Some Sonic of oC the un underlying stocks of oC the traction groups reached new low Grain Keeps Ui Up lill p Grain was us V very Iy strong stron In lit Chicago owIng owing ow ow- ing lug to the thc r reports J orts of frosts in Canada The Thc same reports caused hea heavy selling of S- S Canadian stocks In London Tha London Lont Loudon Lon Lou t don on market was wag heavy w j of selling sell sell- ell t i lug ing Jn lii preparation of 01 the holi holidays ah s As j there will be no market in London tomorrow to- to morrow foreign Investors will have no opportunity V till liB Monday Ion a of oC expressing f their of or the Southern Hallway t j PH PWE Dr re reason oil nal peculators In Jn Nets Nets' York sold stocks s cr very freely frech in last hour expecting cx- cx London to come over very ery much f. f lower lowel on Monday 1 Iii lii the lie Street j ra i ev Aug 23 2 oC 0 o shares r. r sold toda today umber Number ot oL shares k b same day a a a. year car ago 1431 JI I. I Par lar value of or bonds sold lo today ay JJ J T f 1 par 01 value of bonds sold a a. year car a ago o same same dR day 21 r In the thc absence of oC direct denials Wall rall If r. r 2 street t decided ed today tolla that the thc i f I of warships being constructed in En EngI England Eng Eng- I 1 land arc for Cor the tho Japanese government Th street also observed that the Jap- Jap ft anclle government had just given an order order or or- der for worth of oC railroad supplies supplies sup sup- plies in ill It Il also recalled to f mind the fact that thai the United States y sov government has just withdrawn four Cour class first cruisers from rom Manila I They're IL j 11 Is expected that thal Secretary Taft TaCt In i j Ids 1118 ils trip will not stop at Japan In view of th these se facts Wall all street has bus deJ tic dc- jT J i- i war against Japan In 11 ISO 00 i. V VT Delaware and antl I Hudson ludson was JO ably atily hard bard lilt hit to today a 3 3 There Is much speculation as to whether whether I Erie Eric first dividend tl v l Il be b 1 cut Erie Urie is th much muth better able e to pay the lie dividend tU than Southern Rallay Halla Hall Rall- n a ay but neither one should be paying pRIng r one onet one V. V t t f r e tI 41 f f James J A. A Pollock unit und Co bankers bC and brol brokers ers G West Vest Second street the tho following tollo received I X over oyer their private wire yesterday afternoon after noon oon I Am In C. C F. F I. u. u 37 3 I lOOi Am m. MA I n 3 Am m locomotive 51 co 0 O lo 1300 i Ain Au Su ar IllA 11 l- l Amid Amal Copper iO 64 Gil IU ilO 1 Anaconda iZ IS' IS 13 HI 4 SI Sl SPA SI S S n ii H. H and O. O SJ m SS Si J Brooklyn R n. n T T. n 41 41 40 10 2600 S Cana Canadian llan l l J Ji I i Ches am and aud Ohio 32 ff J I C. C M M. and St. St P 1 PI O v 1181 JO Colt Colu F. F and I. I S r 2 Y 1900 Erie tH so O soy G J S It Illinois 11 Central 13 1 02 If 10 Lou ILou and Nash Ol 10 1 lOW J 1 Mexican Central li 11 f 1 17 Ii 17 Ii Missouri Pacific G Gi M tG W 60 M. M I. I K and T. T 30 35 4 r. r 3 2 S do preferred N. N Y Central 10 U H- H 1011 lOl N X Y O. O and W. W W. W 3 32 31 31 4 S k Nor nn and 1 West 65 68 G i G C 8 4 80 3 S Xul National Loud Lead 11 C U 13 KW 1 0 1600 11 Northern urther 18 16 Jt iJ 1 Pennsylvania anla I lG 1164 11 13 Gas S b 83 S 2 S 84 Reading M A 1 j flock hla Island nd 1 IS 1 18 I Rep I L and S. S 20 I 1 S. S o. o f 81 Dl 01 l IO Southern Railway H 16 lG 16 Union 12 1 I u u S s. s Steel 31 m 8 3 do o. o tit l 1 92 9 92 WJ Utah Copper 22 22 22 14 I. I S Term Copper 1 Jt S L' IF 1 IO 10 lOt OJ D j ii j i S Total sales 1100 S oney clo closed d l per r cent asked |