| Show I FINANCIAL and COMMERCIAL WALL WALLSTREET STREET BY nr THOMAS C C. sew York Au Aug 29 When When Wall ered today that a big bis con ference fernc was being held between the leading copper consumers and agents I of the copper trust and that the consumers con COIl sumers had Informed the they S would WOOld not purchase freely even at S the the- general ni stock market began to tall tili away Selling continued to the very close and the last laIt prices wore vore about tho 1110 lowed of the day Union Pacific York Central and St St. Paul were conspicuous for weak ness The Tue o only ly strong feature throughout through out the day was Distillers which ended with a not throe three point gain Early In iii the da day James Janic J. J Hills Hill's op- op talk caused a n. sharp advance In the Hill stocks stAcks and especially In iii Great Northern ore certificates Mr Hilt Hill kept on talking however howver and this suspicion for or he Is a notorious stock market marit prophet The result wai ig that thai tho HUt Hill stocks joined Jn in the general gen gen- oral eral decline Cotton An n Grain was as very strong In the tho mornIng morn morn- morning Ing but It also alFo sold off nit In the timm after after- noon Net losses loses were recorded In ly 1 every option Cotton closed today with a net advance Copper metal wa reduced Jc jC per r pound on the N iy w York exchange end the United Metal Selling company will educe leduce It at least Jc Lc per pound next week Foreign markets we were very Ir- Ir On time the curb market was quiet S and Irregularity hue due to the tho unsettled i condition of the labor situ titu- Late In the tho da day much Improvement Improve improve- merit ment w is vR reported In inthe the camp Owing Osing to the tho closing run In the tho price oC of copper metal to the holidays Saturday Sat sat- day ut-day and Monday and to the tho of the Standard Oil company thich will begin In a v fe days the best sentiment In the street iret Is is inclined to look for or lower prices next week and the tiu professionals are operating In that lint direction The rho I big big- Insiders say 53 that they arc aro perfectly perfect perfect- ii ly Jy willing to see the tho street kept kepL short phort of 01 time the market and there are threats of 3 wild advance In the tho next sixty days to punish reckless hears In Street Number of shares simar's sold today SIS SIS- 4 against the tho samo day ilay a year ago Par value of bonds sold today against the same samo lay day a avear year vear ago The Urle Irie script dividend was Avns a re reduction re- re after all for the warrants were selling today at 5 This means that the two per cent dividend on the Erics Eric's preferred will realize the stockholders only 1 10 for each share There Is sonic some confirmation In itt the tho street in itt re regard gard to 10 the time these warrants will willbe tj be paid According to tho official statement sent out omit by hy the company they will AVill bo ho paid In ten years J. J J. J Hill says the tho which is isto to be paid to the Oregon land certificate cate holders has all been earned out of leases previous ious to the steel trust lease Mr lulls Hills says there Is to tons of metal in the tire ure- gon land lIngers linger Has a Plait Officials of the United Metal Selling l company who were In conference with some of the large consume were asked hOw hf much cornier they would t buy ceniK foj- foj lake The answer was is' is that hY j buy ky as OS little as m th f wert n. n k i ti lr busl- busl ness golu attitude attitude- makes It certain that even at IS cent cent- the met mar market 1 ket will remain stagnant Some r p-r- BOns believe that II H. H Rogers Js J t ning lo to make a horizontal reduction 2 e from 22 cents to 12 9 cents to ruin the theW W Selling agent i i- iJ J 1 P. P Morgans Morgan's hurried in I. I cw York ork vas due to a discovery that several large blocks of Metropolitan bonds were vere over s market He lie arrived at tile tho psycho psycho- psychological logical moment and attl secured about CO- CO 0 ar o of time the bonds at GO There waa no fight today at hc e meeting ot of the Ht St Paul directors mot t even a fist fight Only routine matr mat mat- lev leva r a was transacted |
