Show I Financial and Commercial CommercialS S S I. I S B Br THOMAS C. C SHOTWELL d det et York ork April C ErIe Irle C.-Irle Erle was tho th the I dominant factor factor In ln 1 street t today caus causing nE an n n advance nanc anc 1 in 11 the thc early sc-s- sc sion SIron r ia anti a a decline toward the close o of t the 0 day The rhe rumor tumor that J. J p P. Morgan w waa WM ill 11 in Rome created some n In lu the first hour but this was as promptly denied In the time last hour I tl the e a announcement t. t was was received from i Washington that the Al Aldrich bill bi i Is doomed but but this did not a advance the thc market The rime terms of or the Erie circular were rc very er very displeasing t to the tho general public and the thc announcement was vas looked on onas onas onas as a club These Thee notes which when put out wore Vore described as gilt edged ar are BJ now cl called ell In with wih the this threat that I If Ie the holders do not in accept ex exchange cx- cx change chango a note B secured cure 1 up to only CO GO por cent of or Its Us par value there will wi be bea ben bea a n receivership out of which h the time unsecured unsecured un un- un- un secured notes will wU got get perhaps 40 or 50 0 per ier r cent However the fact that Morgan un and amid company hns organized organised a n syndicate to advance cash proves pro that someone has conn confidence In In Erie nn and it itis is generally believed beleve tHat tat the old 01 stockholders ers will 1 nil all accept the thc terms regardless o of the fact that perSons persons per por- sons who are aro art short holt t of or stocks would like Je to see sea Erie Eric In the hands bands o of a receiver Now York Central directors or plan to Issue sonic some bonds within a week or two It I is rumored nn that the time Union Union- Pacific will wU put out its ts new bond bon issue some somo time in the next month or six weeks There are arc enough important Interests at stake to make malee it 1 certain that Erie will wIl not riot be e permitted to go o through h receivership now It I is the general bel that ultimately tho the company com corn pany will win have to be r reorganized ors b by bythe bytho the tho courts Edward Edwar 1 II XI I. I Harriman isun is un understood to have hoe pledged his p personal per per- r- r credit credi and that o of t 1 tio Union to cave Javo the Eric If such a athing athing athing thing could be bo brought about Erie would be le a n splendid a addition lon lo to the Union Pacific system Stranger things have lave happened Transactions In the market mareel were under un der er shares and but few more mor than halt half t of or the time Issues Issus 8 were traded In at all nI Fluctuations were were very mal On O the curb curll market there was much irregularity It I was reported that the French syndicate which had an op 1 op- op tion ton on shares Consolidated Con Con- ate had hall sold bold 11 the option to a aNew aNew New ew York operator who would exorcise exer exor else cise ese It This Ihl led to a belief bele that the stock would como come omo upon the marl market ct an arid and there was some somo slight reaction indicating In Indicating In- In the possibility of oC liquidation aton In In Inthe the main however Cl the curb marl market ct was ns vcr very steady In Jim the the Street Tho Tue number of or shares of or stocks sold tolla today amounted to a against tho the corresponding day a year ago S The Time total par pal value alue of or bonds sold soI to today ay was against the tho corresponding day a n year YOl agoA ago ogo A committee oC ot merchandise creditors credit t- t ors and of of r the cst cst cst- and Manufacturing Electric an company have expressed ed d to tl tie the read read- committee conO confidence that b by Juno June 1 1 1908 they will wil bo ho able uble to fur fur- nishi subscriptions at nt par to ip jj new S B p blo 10 tc M L In it th floating 1 d bt iohl lc cIa claim ins 1 and m aim ULo tb 3 Goo in In cah cash hi extending over o a n period of ot ten months A maJor majority or of the tho convertible Ion bonds s so o of the throe three year ea C per cent collateral notes an and of or the bills payable and a C large amount of or the tle debenture certificates cates and accounts paa payable le o ha al already already alren al- al ren ready y been deposited A report was current toy that some disgruntled holders holers of tho time Ei Erie Eric le short time notes were professing disappointment disappoIntment disappointment dis dis- dis- dis appointment over the tile terms of exchangIng exchanging ex ex- changing the tile notes maturing maturInG on S 8 and nud for other notes to run three years ears instead of redeeming those now no falling ailing duo due ue with wih a a. cash payment t Consequently Consequently Con Con- there was some ston that some strike suits might mis-ht bo be attempted further to embarrass the company for tOl the adverse speculative speculate o effect such a 0 might be ex expected expected ex- ex to have on the ito market The hc last Int Installment Instalment of or of ot new stock to be e issued by the tho Great Northern falls fals due duo tomorrow This installment Instalment calls for G 5 per cent 01 oi 01 O. O making mailing mal tho ho the total capital ot 01 othe the he road The new neW stock vill take tako rank with wih the old on May Ma 1 1 but is not entitled to tho the dividend de declared de- de last Saturday Y and antI payable May lay 1 cw ork VorK Stuck MucK tod LI List Special Wire S I 1 ulc 1 Am A.m. C. C 33 32 1 01 on Am m Smelt CS Am Vm Loco 43 43 1 1300 Am Sugar i 1 43 1 i 12 1 I WO Cop I 69 9 68 1 Cop 38 I 37 SOO Atchison 74 74 71 1500 Salt Bait an and O. O 83 1 1200 00 BaIt Brook Rapid T. T 1 r 45 45 1 Canadian Pad lie 1534 1531 Che hes Ches and Ohio 31 31 31 31 I 00 C. C 3 M. M and anti St St. StPaul Paul Pull 1173 is lG 1161 1100 1101 Colo Cob l. l Fuel and I. I 1 24 J 31 1400 Erie 15 lU 15 Ie 15 15 Ere Great Nor Pfd 1231 mi 1231 1 1234 1231 3 Cent Cant 15 13 1233 1231 1 Central 1 19 IS 18 1 19 I 2000 Central Missouri l Pacific J 4 42 4 M 4 UI Mo K IC anti and T. T 23 2 ZA OO N. N lo Y Central n DB 00 N N. Y Ont ant and ond W. AV 3 32 OO Nati aU Lead Lad 55 GC 56 1700 Northern Pacific 1261 Penns lies 1152 1115 OO Peoples People's Gas Oas SDi 88 SS Reading IOn 1031 10 I Jock Island HAl 14 14 SOO Rep Rp I. I and S. S 18 IS 18 Southern Hallway S lil lo 14 1 14 1 2200 I 00 Sou Southern thorn Pacific j 13 Union Pacific 1252 1245 1219 U. U S S. S St Steel el i 33 3 I do o P Pfd I hi r 2900 Uth Utah Copper 30 30 00 2600 2500 Tennessee Copper CopperI 41 Newhouse 6 68 63 Money closed at nt 52 per cent cent Total sales |