Show COMBINATION CAUSES DECLINE IN STOCKS Actual Business of Session in inWall inWall Wall Wal Street Is Light 1 B ly Thomas Si titi fl lh New York lorl May i. i Au I. Air of or 2 cents In tho price of ot wheat official announcement an no- lo of ot the Atchison's CI bond Is Issue i act action n of ot t the e Steel trust directors In retaining all al ot or the old 01 officers om cers cers a n sl slight ht decrease In the earnings s o 0 othe of ho tho Pennsylvania Railroad company compan Uglier higher money rats rates and a n general fed cI log Ing that the stock market ought S to h. have havea a n reaction anyhow caused a drop In liners to today ay hint ranged from rom one to two points In the neU active Issues The fact that few stocks a advanced nd was nol not significant b because the volume of ot trailing trading was 5 so small Not more than shares shareR of ot actual stock was 18 dealt In The rest of the lie transactions represented cre ivre wr simply wash wasim sales ll mind and floor trad trad- trig Ing In time the day ny St St. Paul and Road Road- not Ing were the time len leaders but the these o were dropped and ane Smelters and Amalgamated were taken up In tho the afternoon tra trade e was general Although tIme tho corporations all al report good business and although h the time nil railroad I rood earnings s nearly all al are arp art showing boll some Improvements it I Is 15 Irp impossible to give any reason for tor time the movement of ot the time mar mar- ket let Whether the Ih who ho It will wi continue In the hope of or i attract attracting lo ing Ins bu buyers er in time the advance l' l can only bo be IJ I guessed at nt It I is significant that those of oC time the higher world of or finance licence who Ia ha special stocks for which there is II no mat at al all al Just now no noar ar are selling SU- SU SUI I short hort common as ns a hedge St. St Paul lall ami ani Pacific are arC also being sold very vt-r vry freel freely but hut the the short interest In SIc l common In this lila Interest Is enormous TIme Tho short Interest will ivill wi not be 10 frightened It I i Is a u wise short abort interest t and amid ld I a n moral one It I has ban ideas about corporations that time the Stool Steel trust directors all al seem em to lo share London was ivas closed cosel for the time holda holiday In lii tIme the The lime number ot 01 shares of stocks sold today was ri corresponding lul da day a year C r zinc ago It Time The par lir value of bonds bonts sold Bold ol today was WM corresponding day a u. year ago 50 oro Copper Coper metal advanced sharply In lii Lendon London Lon Len Ln don to today a selling at alone one time at 4 I pounds a ton lon aloe f alo tho tw closing eloin of or the time previous lay Ilay This Timis was the time factor behind time the ad advance ami- ami vance vanc In Amalgamated Copper COel on al- al the tho v Nc ew York market Official announcement r came from t time tho h A Atchison of an 01 IS Issue l of it of 5 poi cent convertible con bonds hond They ruiey were offered of of- em-ed em to stockholders durin during time the period beginning July 5 r and amid ending Jul July 10 to tolie I the lie extent of oc 12 per imer cent cont of their present ares pres emit ent holdings The rIme bonds will wil be cOnert bit hll at par pal up Ull tu to Juno June 1 I 1913 I. I The They run nih rul for ten ln years ca Payment must be made 3 30 3 per cent at Rt the lie time line trl of or subscription 35 33 per Iler cent on 01 January 10 10 1 IMS 1903 nn and 35 33 per percent percent cent on June JUIl 10 JO J OS The he announcement caused cause a drop of 2 per lic CI cent t In lii the old ohl convertible con s. s which sold down to 23 H It I Is officially stated slated that the time new bonds have not been wider under in-i in written wrilen mm Thomas W V. Lawson Is working orkin Neva Neva- eva Utah da-Utah Ila again H lie He put It I to today Manhattan Transit was ivits heavy helvy under a roo flood l of liquidation sales saks Jam James A. A Pollock t c Co bankers and amid brol brokers 6 West Second South street turn furnish ish time tho following received c over o their private wire yesterday afternoon nf or i h. h Am Mn m. m C. C IMy 37 li 37 37 3 37 Ama Am SmelL i I 4 lat Am Loco Ioco 63 i 1 KEk 63 G 63 G i Am Sugar SUhUI 1 2 Am m. Wool 29 12 31 n 29 4 23 i Cop 94 Ht j KJ 91 rl ilI Anaconda J a t CIU GHi C t 4 6 v m n 11 H. and O. O 59 SOJi W J B. B R. R Trans s. r. h V 3 h 50 53 5 50 h i Can Car Pac PIC lIi lil lit C C. C nun and Ohio 42 2 I 12 42 2 C C. M. M and St St. 1137 lun I VL 10 1 C. C I. I F F. and amid 1 I. I 1 35 7 4 33 3 Eric Irle 21 S 24 Hi I 21 1 21 H I Ij 14 and amid ald N 1 1 1 12 Mo 10 Pacific 4 J 76 iG 76 M. M 1 K K an aim and tl T r X CC 37 3 I 36 3 35 Preferred C W so N. N Y Cent 1 1 HSU 15 N. N and amid 31 W. W i a P Nat Nn Lead t 62 G s O B 8 62 i G iS Nor or Pacific I J 1311 f Pennsylvania lm 12 t 12 Ji H. H 12 nm ln Heading 1 t 13 flock Island Iland 22 22 2 31 l 22 Rep I. I and S. S 2 28 Z 25 Z 28 So fly lly 2 22 2 22 23 1 LUi 22 So Pac 85 KM s i St S1 83 L lr l- Pacific Un Y A lj l ii 1 fc i U. U S. S Steel 37 37 37 37 3 Preferred JOl 1014 lW 1014 4 l lUtah tta Utah h Copper 25 29 2 29 a 1 29 Tenn Copper h WV- WV 31 i 33 4 holse e 1 19 IDi 1 19 13 1 19 1 19 s Money loncy closed 2 1 per er cent Total sales fJ 4 Coper ock tk Boston loston Mass las May May- 1 Strong Stron Strong features In iii the time copper market situation here liete reflected re re- re in iii time the sul substantial improvement in iii Boston copper stocks loda today Dividend Dividend- paying maying coppers were mere In active demand and ant recorded some notable a n. Time The I Tamarack was up UI I B 1 points joints I 0 b points at 12 Osceola 7 i points at lIT Ii olvern Wolverine 5 points at IC iss Utah 74 at G COfi and amid Copper nan 1 of or a point alS at am S 2 82 Old Dominion hardened ft to lo H it I was u a good copper Ia in no Boston lon amid ami there was rejoicing on tho limo street rw nr York IbI Closing quotations and amid sales alc on un New NewYork NewYork cw York curb furnished hed b by private wire I by BatJer Uros brokers 10 South Maui Main street Low High filth Did Dd 10 JO Mi 10 t. t OH IOV Cent 1 1 lUn g. g Con J 14 I IJo Jo ton Con Cnn j i. i I 29 11 Unity t C Coal m 27 hum film m Ely 8 1 S S 9 Ium lomm 1 C j pcr t Ii West l JOR i 15 1 IIi G. G l irm It lily Con CUl Hi 1 s' s ly I Ir r one c Con Comm 21 I 2 trY l J 16 i lih I i 1 l 1 J lt JI Ir I 14 Nov Ncr s J i l H 1 I I Jt Ji 1 19 ilk II 11 1114 lH Y P Utah Hh Chopper oper I 21 1 29 30 1 30 U. U S. S H Smelt Cum COl SIY I r 50 Preferred r. r I iS Utah Luh Con Comm 1 tJ Sd MI am I Bid Bd r. r kc l h i U 15 J 1 I Ia 10 1 hI 11 i t j i arIa J Ia ol ul 1 2 rl I I j. j 70 83 C Ju II Il w u 18 13 al rl cr 7 Z 31 U Ohio r Copper 31 I 3 Li i u Copper 6 11 v S 35 3 re Hill 11 r 3 3 3 Western Nevada f 1 Copp Copper ula c r 1 1 f T Glance Copper 23 o I The Ih I New cw York May I L Prime mercantile mer men cantile cantie paper pUller S 6 per cent Sterling exchange firmer with actual Ms in imm bankers banker bills at at 25 bl 1853 for demand anti and ut at 4 for tor t W 00 ca day bills posted postre rates i and ant commercial bl bills S Bar silver I vel I. I Mexican dollars dollar tolar 50 1 Government Go bonds bond bond te railroad alrod bonds Irre Irregular i Money on call cail cal firm tram cent p i ruling rate U bill bid oc rr o nt fit t 3 3 Time Timi v ib ry ory dull W f J il-i il 1 I aiX lv Ix m 1 1 per t- t |