Show Financial and Commercial BY DY THO THOMAS I S C. C SHOTWELL New Ne' York Jan 23 Money 23 Money one was so cheap toda today that Investors were afraid to bu buy stocks This fear tear was not duo duy so much to the thc rate of ot monc money as to the fact that banks took advantage of or time low lov rate to unload moro more than the market could digest Big traders ers sold freely and the little tra traders trader Jeu after aHer manfully manful trying to eta sta stay the tide finally saw th the to quit When the writing hand professional pro pro- plungers attempted to put out short lines tines of ot In the late afternoon th they were unable to do so without breaking the marl market ct and fearIng fearing fear fear- In Ing to sell themselves s Into a trap thc they r retired retired- The result was that tho last hour of tho ti-so tIa day ay nay almost complete stagnation upon the tho floor The Bank nl of England reduced its mint mint- mum discount rate to four per cent and time the Dank Bank of or France France- marked its rate down to three per cent This means mean that money mony Is 13 so 50 plentiful abroad that there Is no chance of oC gold exports from New York Just yet London had hall opened heavy but hut the reduction of ot the bank rate rute stirred that market to great activIty activity lt ity and antI the tho last prices were the best of the da day with some Game American Issues showing gains of oC more than a point After the time Now Yot-lc Yot opening It became becane apparent that this activity In Lond London n had been due to manipulation by New NewYork NewYork York bankers The Tho New lew York prices did not respond to London Tho Time census bureau announced that thoro had been ginned up to January 16 cotton to the amount of ot bales against a year ago ngo This had little effect upon the cotton market the time stagnation In the cloth tra trade e being the dominant influence Best neat authorities in the tIme street arc warning their customers to not get got enthusiastic on the tho bear beal side o of th tho market because the tho fundamental strength th of oC tho the country Is Js so 80 great grent I that the tho stock market situation can can bo be changed in lit a a. few rew hours by the tho appearance ap ap- ap- ap of or business s activity In lu a domInant dominant dom dorn- trade In the Str street ct The Tho total number of ot shares of stocks sold on the Now New York stock exchange tod today amounted to GS against the corresponding da day a a. year car ago The total jar value of ot bonds sold toda today was against the corresponding lla day a year ear ago One of ot the big car manufacturing concerns discharge about men in the next throe weeks v s. s Directors of tho the First National Copper Copper Copper Cop Cop- per company have hn elected Thomas W W. p. r Lawson president A sent seat on the New York stock exchange ex ex- change e was sold today for Cor or Tho previous pr sale was Ws Hune of ur Prices Range of or prices r received over o private wire os or Jam James A A. Pollock and company compan bankers and brokers I H. H Sales Sale Amer C 30 tiiT u 2800 mer ithmer Smelting GG 62 mer Amer Locomotive 38 37 37 1900 Amer Suga 1123 Z 2400 Copper jO Anaconda Copper 32 32 1100 Atchison 72 72 Halt BaIt anti Ohio Sn 8 86 87 SH 1400 Brook It H. T 15 H 44 HI Canadian Pac 1601 1501 1491 1300 Cues Cues-a and Ohio 30 29 C u M and St P 1111 Coin Colo Fuel and I 20 o In 19 2000 Erie Brie liiA IGa 15 Great pe pfd 1226 1 1211 1211 Illinois Cent 1298 1291 19 Louis and antl Nash Mexican Cent 15 15 1400 MI Missouri Pac Pac 43 13 43 Mo lo K and T P 11 23 23 2000 Do pfd Cilia 6 N Y Central Centred 97 ln 33 33 J gg U l Nati i l 1 Nord lJ iI a- a iSCA 1232 1241 Peoples People's Oas Gas 86 85 n Reading 1035 lOa IOU 1011 Rock Island IH 13 13 IH 2 2500 flop nep Iron and S Southern Ry ity 11 10 lOa Southern Pac 76 7 75 i U- U US S Steel 29 Do 93 91 OH Utah Copper 25 2 n 26 1800 Copper 31 29 29 Newhouse 9 9 9 3 3 n 31 31 Total sales Fales Money Ione closed per Ier cent Amalgamated Copper Coppel extra dividend en 3 or of 1 per pel cent I |