Show I COMMERCIAL WALL STREET BY THOMAS S I. C. C SHOTWELL J K Now York Sept 14 t A A new low record rec rec- ord Kon steel disturbed th the financial markets Just at it tb the close today A in steel was wa no surprise e to tho those e who who- know that tho the tariff will wilt bo be on one of oft oT Ithe the chief issues during during- the next P f pm presidential campaign n. n The leading of- of ane anti and directors of the corporation sold have the theirs Irs an and are awaiting a n fa- fa a. a om lo opportunity to pick it up IP n again Another disturbing Influence was tHe th the report of a reduction 11 by tho the United Metals Selling company I in the price of or lake lako copper opp to cents Ch This Is of or lIe nc- forced electrolytic down and although Q h the report was not made of officIal official uC- uC before th the close of or the market It was vas understood to be lie correct This cut cull i to surprise professional traders hut hilt as UI a matter of or tin It tt wa was 1 Mit that thai should II have vc n a favorable favora avora- avora Isle ble effect on till tIit market mariet anti and It shows he copper opp r trust Is IR beginning to realize the situation It was waR reported that th movement mo wn was under r way to producers n ond consumers to together together to- to gether at nt If u cents cerit It it Ii possible there thero- for hat th the copp copper r chaos ma may be hf very soon TI batik bank statement showed a n decrease de crease of 0 on nil deposits with nm of 37 In loans rile Tho surplus s is IR no now about n a million greater than it V was S a year YN age and the tho monc money situation seems to be he thoroughly thor thor- ou ought under under- control II by the govern govern- overn- overn ment the tho bankers who are aro in rn favor of or conservatism The outlook is for tor easier of or financing necessary improvements improve Improve- menta ments menti by the Ule railroads dH from now on TI Th market was yer very Irre Irregular at nt atthe the tho loRe close hut but was as with a strong un un- I n Wheat continued stron strong throughout tho the morning though at nt times timeR it sold S off ocr Cotton was waR weaker London was very ery Irre Irregular throughout through out the da day Foreign traders seemed to tobe tobe be he puzzled at the tho action of or the copper Metal tal stocks were vor vary vory Irregular ular both in London antI and New ew York Vork In time number of or shares of or stock stole sold soW I today was vas against the thc diL day ay last y year nr TUb The total par value of or bonds sold I toda was wn against I thc me da day last Jast year rear The cut in copper has d demoralized the London Loridon stock market The sentiment V In the foreign market was or very cheer cheer- V to the time the cut was made Sufficient proxies are reported to have hava- already secured from the present management of or tho Illinois Central Railroad company to give Ive It a acl cl clear majority at the annual meeting Octo October er 16 16 York Sept Sopt 14 A A reduction of or price of oC electrolytic copper b by the tho UnU United d 1 Selling Selling- company from IK IS r tit to wall IU I today toIa and ik IM I il cl ua n a n 4 lon on t OiOi tho OiO io i- i dt or flin t r r HE of r 1 hW C time cuc C r ov IOup r- r ur V V p 3 ni ov r S I Ithe the selling agent of or the Amalgamated I T tH d' d r probably bly I pp 1 Iho poun pounds R ot or copp copper t now on on hand In th the United flate V cut In prices backed up with the curtailment of work In the mining cen- cen looked cd upon here bore as proving pro the tho conte contention of ot the tho donl rn th that l tho the figures fig ng- tires ures- at which copper has hats been held hold were fictitious and that Its true truc value alue IB Is indicated h by the prices which have hare prevailed tl ll at tho the metal exchange not been up to the Amalgamated Amalga mated mate figures for some lays days Coincident with the announcement of the United Metals let l Selling company that thabIt lit Is IR prepared to do business at IG i cents a n pound for electrolytic copler copper cop- cop per pep ler c come private 11 cables from Europe to the Iho effect that electrolytic tlc was of offering or- or fering there at nt f. f o. o b. b In New Th The various cuts In prices ithe by-ithe United Metals Selling Felling company In Now York In the last few Cow lays days have ha follows V From c t to from to iSe and from to the present price of or 16 c ca a pound It Is understood that notwithstanding not not- withstanding t. this drop of S Sc c n. n pound there there- has been no copper In volume the Interests and Its Us stock on han L i-L Is well up In tho the millions of or 10 pounds U 18 1 DodGe Interests which heretofore heretofore here here- have hare closely ly followed tho the downward down Iown- ward wate course of ot prices stated this mornIng morning morn morn- ing that on account of or the death of ot Mr 11 James laineR yesterday y tho the firm not Ia pay pay- ingi much uh attention to the copper mar mar- at tho moment comes from Crom Montana that the Amalgamated Copper company compan will pursue pur- pur sue suo a u a. a general mH ral policy C of or r retrenchment and curtailment of oC output reducing It from to or O pounds month monthly In pursuance of or this policy the corporation has haH been heen cutting cut cut- force orce since tho the ting down Its mining September so that ut at the present pres pres- ont oat time limo mines are nrc employed against three weeks ago aJo of or operations has been confined con con- fined to actual ore oro production 11 development devel dovel- work going on as ns usual It Is generally understood that within tho the next 20 Ila days 1000 men will vill be he laid off ocr The mines will be closed hereafter on Sundays although tho the smelters cannot ho bo cl closed i seii on that day II a i- i of V James A. A Pollock Co bankers and 4 street t. brokers G C West S Second cond South furnish the tho following received over o I wire Ire yesterday afternoon after after- 4 their their- private ate noon I IL ILo C I d 1 I 9 9 37 Smelt Smell lO I 88 58 1 SS mer loco IocO 53 53 1 1400 1131 lii tOO Sn Sugar nr Copper r 62 l t io O Cop COli 3 34 31 t 1000 86 1000 Tr Cr Ir 44 IH H 1900 Brook Hall Ital Canadian ln 81 16 1651 1551 1151 GOO GOOCh Ch Ches Ohio 34 3 3 31 00 c U M and St St. P. P Cold Fuel ard I 1 zi 1 1000 l rh O 20 O 02 0 1081 ioS and Nash ash lH Ii 17 17 11 tOO Mo 10 I 9 69 j 3 35 JOO Mo 10 I K and ret rn l 64 Ct 64 D Di pd IOU X X CentrAl 00 33 33 N Y Oat and W. W 3 Vest 70 70 i OO H tOO 47 Northern poe 1291 12 hanla 10 95 5 93 20 19 11 HI Island PHe lac S 8 SH sa 6 OO Southern 1291 1 t 27 61 U o rOa 22 OO pfd roo 00 22 21 Copper S 8 s 81 jOO sh fA 3 1 V fenn Bal Cop 1 32 69 f o 0 t u l 1 C s 9 G i j 0 I II I Hank I New c York Sept Bradstreet's Bradstreets I S linnic c ck g report for the week I ending September 12 shows nn an aggregate ga gate uC of l ns as n 2 lust iusi week and In m the corresponding week last year Canadian clearings for lor the week total as os lK last lasi week weel unit and in the he same ame week In last t year Till The following Is la n a list of or tile the lie principal cities Inc Dec New York j Chicago o 18 1 41 1 Philadelphia I 22 St. St Jouhe U. U San ln an I Francisco 48 Kansas Kanc City 88 Los An Angeles tIM 4 I Omaha Hi St Seattle Scuttle Denver lenver r 1 Tort Port ort Worth aS 2 SALT LAIC JO 12 Jortland Spokane 29 g la lacoma I t Wichita 77 71 22 11 18 Fremont S 1 0 Lincoln II 1 11 8 g Oakland Cal I Total United States to total to- to Cal tal Now ow York S n New York S Sept ft The H 14 The statement nt of or cl clearing house hOlls hanks banks for the week shows show that the banks hold more than the legal reni or of reserve This Is a decrease dc of O OItS as ItS compared with last week Tile The statement statement state state- ment follows Loans Loans Increase Deposits 1044 52 OO Decrease Decrease- 16 tOO Circulation Increase 1100 I L LoRal tenders 1900 Increase Specie 00 Decrease Reserve o Decrease HiO Surplus I. I Decrease Ex P. S S. S deposits H Decrease I I I V Domes onu ned Stork Sleek Now New York Sept 11 l Following Following ar arI are the sales of or bonds Donds expressed In 1000 and d a tho the range of or prices 1 S I ies S1 Japanese is 21 I IV Do DoIs ils Is 22 I Do Is Is second series 9 91 Atchison con Os Gs 1 6 iol C. C R. R and Q joint I Is I 25 51 IlZ R. R I. I rot IB Is 10 86 North Pac prior Is C GI 96 96 Ore Oregon on Short Line Lino s. s 1 11 1075 Southern Pacific 11 Ik 1 I 82 co Union Pacific Is 1 I 31 II 9 6 3 Un Pac con 5 Cis full lull pd 3 U. U R. R Cs Ss I 34 34 91 93 1 O ff 01 94 1 r I I saoi ui cia 5 Co r and 1 G 6 Wat South Street furnish the received over o their private wire yesterday afternoon afternoon after after- noon f Hh 1 h. h I Low I Close loe ln on 1011 n 40 1700 I 1700 II 13 Coal Coal n l n find I. I 1 1 50 Con Con t M V 1 llO I 40 01 Cop U faC G 00 ji 00 57 7 00 Cum El Ely j 19 17 t D West eRt 1 1300 00 East Ti n fi 00 6 G C 1086 I. I GO Davis D D. D I 19 O 75 Nev a Con Con 10 Nov Nev Utah GiO 40 1 1 00 X N Butte Dutte 2574 I H 47 iiO 60 Un Cop i U S S I 3 Do pfd utah Con Con 1041 I C anti A 50 TrInity 1600 14 75 j 11 1475 I lnA 75 7 00 Shan han 1075 I 1100 Apex 76 75 i J 00 N. N Nev York Cn ort C-ort LIt itt Closing quotations and all sales Rales on Now W York curb furnished h by private wire cire by 11 Badger Bros South Main street iSales Low I hid 6 JO lung Ct 6 75 IlIn Cun 97 elm Con 1700 l Sn 1 00 11 1687 1600 Cuin J- J Ely h. h S Donl Doni Cop 37 3 1 Vest u 1300 1 1250 EI Ely Con Con JOO 6 6 G G lIoux Giroux 1 Il SOr S f. Or r Can on 9 9 I 1 i iK I 1 K h. 00 75 hI 75 n. n I 75 5 Nov ev Con Con lOOf 1000 iO I 0 I. I hom e OO R. R s 1 sa 50 I 1000 1 00 U Cop 2200 OO f TJ Ti S S I 31 3 Do pfd 3 Utah Con 25 0 I Imal 5 no mal e OO I 1 17 |