Show Financial and andL L Commercial Commercial- BY HI THOMAS C. C SHOTWELL New W York rork April Ari 2 P Pot Postponement of or official action sl ln saving th the Erie Erlo from rein receivership was Tras as m made de necessary ry bec becauSe be- be c cauSe causo uc n ci quorum could coul not be secured Th The Erie Eric officers say this r failure to secure a quorum was waD honest and they Insist that the program will be put through as announced In this column When tho meeting adjourned a however without taking action acton It chilled tho the street to the marrow In expectation of or favorable action on count of th the r re report ro- ro port from from- Washington that the Interstate Interstate Inter Inter- state Commerce commission would woul fa favor La fa vor an ull an advance c of or freight rates tho the stock market ha had been advanced sharp sharp- ly ll in iii the early carly afternoon A reaction of or about I IJ 13 points camo and amI the tho marRet market mar mar- Ret ket closed without material net changes change as a result of ot the days the thc daya operation opera opera- ton tion Leading interests ts in the tho ttO stcl steel trade both In Independents and trust men were In conference all al day la at the Waldorf arid and expected c to be bo together until Intent late Inte at nt night nigh t In an nn effort to demonetize steel steel fh There rc are arc many thoughtful steel te l producers who do not believe c t their clr 0 pro product should be the basis of a now monc money s system such auch as It I would mean to fix fx prices forever at ot the present level In view le leof of the proposed r revision blon of ot the tat tariffs if fa some of ot the ablest steel men bell are arc In Iii favor of ot making a a cut on all un tho leading products down own to the basis of or ox export port prices Another argument ment in favor favol of ot Ic reducing the lie price JIlce is that the railroads want vant to float foat bonds and foreigners are objecting to bon bonds s based on railroads 8 Into Inlo which steel en enters enters enters en- en at i t such a high price Tho The lesson o of At copper metal i is not entirely forgot forgot- ten Tho best authorities wante wanted to cut last year yar from 26 G Cents cent to 15 II cents at at one CIOC slash slush A hesitating policy pro prevailed and the tho result was waa that tho tim entire copp copper r Industry was demoralized de do- P- P moralized to such an extent that the tho th price fell tel to 12 cents centa before it could be checke checked A slight Alight reduction In steel prices prIce now would In tho thu opinion of or tra trade o experts be fatal whereas a L cut cutto cutto cutto to tho the export b basis would stimulate bus business business i ness Tho The Chamber of ot Commerce reported a adversely on both Iio he t IO Aldrich and the Fowler bill bi billa Both bills bis are arc pronounced at variance with the principles ap approved approved ap- ap proved by the chamber In and KO so 10 antagonistic antagonistic to each other that it Is not be believed believed be- be lee comprehensive legislation at an early date ato Is probable The Tue chamber urged congress and the tho President t to t 1 provide provide- for or a commission to investigate gate Joto the banking systems system of tho the civilized civi n nations and rind formulate a 0 sound currency and banking measure as a n re re re- culLOn culL sult uJ On tho tIm curb market Yukon gold was neglected around the low price irice Goldfield Goldfield Gold Gold- Golt fell field shares hares were moved into leader leader- leder- leder ship Consolidated and nd both Daisy cor- cor scoring lag ing net gains Resumption of ot leadershIp leadership leader leader- lealer- lealer ship byi by these conservative issues had hl hadu hada u a very gOO good effect upon th the general curb market which is 18 be beginning to re recover recover re- re cover er from tHe depression Into which tho Lawson Incident threw it H. In the Street t. t Number of shares share sold to today a. a I compared wr h G the corre corresponding correspond In lag ing day last year Par value of bonda sold today toda 51 U.- compared compare or I with tIre llio corresponding day e last l. l A rumor was current that Union Pa Pa- Chic earnings C for r February would show a. a decrease of ot In the tho n not t. t failures failure hi In the tho United tos St to numbered 09 In first tb of ot of 1903 1909 with 4 liabilities of ot 1 1331 While this 13 is Is' Is tho the heaviest for Cot or t ing of ot nn any year on Is a Blight Improvement rr corl 9 there i 11 I. I il h lu t t months I of r j i l aud d t I. I q other than the f mat st of ot earlier yearn have recorded hen hea or loftie I- I lii JH n D f n rt t ft I F JM I H. H Sales Amer Am n C I au il 2200 tnie Smelting 68 OO Am r Loco IH 1411 43 1001 Amer Su Sugar nr 12 11 12 I 12 1 2100 Amer m I Wool isI s 1 Anet Amalgamated Cop 9 rS 59 I Cop Cop n SSI S Atchison 74 7 74 H and Ohio 82 83 50 OJ Brook Hap Tr rr Pac 1533 Gl 1501 15 Canadian Chess Chos and Ohio 31 31 C 11 I and St Pa 1171 1161 lt 1176 1523 17 Cob Colo out Fuel and I. I Il 2 23 31 Erlo flo 1 15 Hi 13 1 1200 orth pfd 1123 1 1221 i 1231 Greot COO ISI Ui Mexican Centi Missouri Pac 2 40 0 SOO K and Texas 23 23 22 23 Mo un 54 54 Do preferred 1 4 54 n 1600 96 Central N North Y V tV Lead fC 55 Gi IGl 1500 Nal Northern Pac 1271 1263 1261 1271 1161 Peoples People's Gas o 59 9 ss SS luH 1023 1033 Hock Island 1 H 1 1 14 H Itch p I and S 18 I 1200 Southern fly 13 I Souther Iy Southern Pac Pac 74 71 7 I Union 1242 U S Steel 3 Utah Stee Copp Copper r. r 31 29 30 i Tennessee enn C i 1 11 42 2 I 61 ll 62 GI 62 1000 I Total sales 1 shares shares Money closed 1 pel cen |