Show Financial and andI Commercial I RV THOMAS C C. C SHOT WELL New York DeP A political passeri over Wall Street which when ben taken lit connection with a sur surprising surprising reduction of net Income for or Nov November November ember by the AtchIson railroad n a cut In Ii the Anaconda dividend to ro 50 cents a short for the quarter the calling of a strike by coal minors millers in Kentucky with badly ity In III the lie heat v market closing down of furnaces by the Tennessee Coal ft Iron company a forecast of hank failures fail ures uceS by ly comptroller mId and mOoch that was suspiciously easy to borrow horrow sent the market tumbling an n average ol 01 more titan than two points In tho th active Issues Early In the day stocks were firm and levels were i reached that were us 05 high And In some cases than any seen the collapse of last November The Th advance however was pu purely rely torn territorial ial lal there thir being no public demand for fot stocks whatever A plunger fn fri stock was short several thousand shares and he was forced to cover The Insurance companies and the banks were anxious to see the prices higher In order to make their end year statements Joo look better By midday however the various for tile the higher prices ceased to exist and then Wall street permitted Its hears fears to take possession of It A A heal Deal In III Hatred The political distress Is an alleged belief be be- lief ilef that the enemies of President Roo Ronse- Ronse c- c have decided to transfer their hatred to Taft and work for anybody regardless of politics who can defeat the tho Roosevelt Roose veiL velt candidate This means that thin the coon coun- try would be subject to IId excitement in tho tiu next twelve months and investors aie c not yearning earning for excitement Just now The Anaconda dividend of fifty dents cents compares with 2 per share for the previous quarter and foreshadows n re reduction re- re of the Amalgamated dividend to fifty cents n a shar Knowledge that the insiders are arc selling polling Amalgamated and Anaconda as fast a the tho market will take It does riot not help the situation ThIn Tho closing own n of furnaces by bythe the Tennessee Cool Iron on company In Alabama is alleged to bo be for tile the purpose pur pose of thor siro from 20 tons tolls capacity to 30 Y tons totis Atchison earned in November 1 showing n reduction In not net Income of or reduction n is in hI spite of the fact that bitt the gross inert Much of the Increased operating e ex- ex Is due to n a change In method o of reporting which is lin being Imposed by t the Interstate Commerce coin commission In Inthe hot the net reduction Is too large to bo a an- an counted for in this way t liM il to n I Investor ii ye to rs The street has been thin the belief timE that prices of stocks stok have th the net i but In the lie ca o. of A t chHon tilt the K Is bi nut Justified an rIOt further liquidation of the issue must h expected Events of the tho day seemed t U demonstrate the windom of the given t by Junkers tale Late last T eek that lint n n- n vectors would x just as well veli iff If the bob would soil ell their stocks Mocks arid and wall vaIt for fh th list to readjust itself in Tho mining market was steady and ani lost Ins hilt but little when tile the inside broke London closed with a very cheerful tone ton and with stocks nt at about the prices Ices of tile the session Home rails we lenders and Americans were In ta favor The Tue of England Js s expected to reduce its ts discount rote rate lower tho following folio week peek at itt the latest Money I is working decidedly collier and an abundance of cheap funds will be for X Ne York by the tho middle nf of January accordIng accord accord- Ing ng to the bost authorities nt present In hid StrIct The total number r of shares of stock old mid today amounted 6 tO agaInst u a oliday last year The total par value nf of bonds sold today vas as J mM A. A Patten of Chicago admits hat at he soUl sold lIve million ls of whom whom n n- Monday r hu hols df corn 10 say be he hIltS bus lOX OO bushels of wheat eft Ills reason for Wa that lint th lemand for cash wheat was wm not so active e us S it tt should imo be rei report ort for November shows a 4 in not net earnings from July 1 to 10 November 30 of K Th The exact words void used by comptroller in his review if the year which caused so much excitement In Wall street were We shall have more Industrial and commercial failures es and probably lloyd have some more hank failures Wall Vahl street all the hopeful things In Mr statement Ills His reputation foe fr conservatism Is so great that the tho financial districts believe that he would not even hint nt itt hank bank failures were ho he not certain that some would be reported soon goon Closing ng s. Irie Cloning prices received over private wire of James A. A ami auth company bankers and brokers iU Car j 12 i 7 7 mn I Z Sugar 1014 99 4 jOO ooh 10 ld 4 lOX Cop 2 71 til Flair and Ohio S1 S1 GOil Ili T. T 39 39 lne 1600 and Ohio t. t St I Colo and I. I 20 19 1800 Erie 17 IOu Nor 1171 and Nash 02 is 2000 Cent fl 11 1000 and 24 1000 10 57 5 57 y Central OO or and West 01 64 CI sat Lead 10 Ill 1091 Gas Reading 95 flock If 1 10 Southern Pac 76 13 73 Pacific 1 27 20 Do 8 liSt Copper 19 20 Cop 1 20 26 26 i 7 1800 2 tO shares sales shares closed at per celil Coffer Coffee New York York- Dec Sugar Sugar raw firm Fair refining O Otest OS test molasses sugar Refined steady l u.-O u. powdered granulated C 6 10 1 No 4 Coffee Coffeo quiet No o. o 7 Rio Santos Sc Doe Doc market weak Montana Utah om and Wyoming medium coarse 18 20 tine light One heavy fine lift 10 III 10 bag iago 20 |