Show I FINANCIAL an and COMMERCIAL L BY fly THO THOMAS L 8 C. C SHOTWELL Feb 19 announcement an nn- New York Yort was maths made today b bj the that Steel corporation United States than after business rather they will go schedules wl This aCer means tho the dec declaration independents who have o of war on been open cutting prices As A. soon as E. E a. a H. H heard that this action acton Harrman would be taken ho lie wired from San An Antonio An tonio ordering tho the Southern Pacific directors directors di directors di- di bond rectors to rush out the new now Tho The flurry in steel of ot furry broke metal shares Harriman'S bond braced the railroad list It wagn was wag wasa issue Isue up I a n drawn battle battlo batto In tho stock market market Although Although Al Although Al- Al though many good Judges of ot tho market market mar mar- ket hot believe beHave the cut In steel will wi ups upset t stocks for tor a few days It I must bo be re recorded recorded recorded re- re corded that the buying Is la slower today and arid stocks went Into strong hands There Thora Is evidence o that tho the million share pool 1001 in steel common that has ha for tor several severn months boon been In control of or orth th time the maket for Cor those shares has liquidated dated freely and Is prepared to prevent an any raids that will wi demoralize Wail an aU I street I er E Everybody bod realizes that the cut in steel means the end of 01 an an industrial panic and a n speedy revl a revival of ot business Professional traders Jumped to the conclusion that It means a bad break breal In the stock market but hut there are too man many important details unfinished to tomake tomako tomako mako make It possible that Insiders will wU step aside The most moat reasonable view Is Ig that strong support will wi bo be found under steel tomorrow morning mornin Labor troubles were hinted at and amid tho the Hundreds s of ot men will wH bo be glad to accept a n reduction in wages In order to get work Public sentiment will wil not support any strike just now when everybody ev ev- Including the time steel trust Is willing to make mako sacrifices to put the tho panic paulc in th the past The Tae steel trust surrender surrender sur sun render clears owa away the tIme last lat barrier that stood In tho the WS way of an era of ot and good will wili m. m Raids were wore planned planned planned plan plan- ned tonight b by several groups of ot plungers u erB Bear Dear traders trader have hae been making some money noney tho time last tow few days and wll undoubtedly mako make a n. stubborn fight But there thero is one feature of ot the time situation situation situa situa- tion ton it I might bo be well wel to consider DIrectors Directors Directors Di DI- rectors of ot tho time steel trust havo have been ad advising advising advising ad- ad their most intimate friends frends to o buy the shares for Investment They h have Known the condition of ot trade better better better bet bet- ter than the tIme general public and have not been acting blindly Steel trust trades have been more valuable as a a result of ot toda today's B action acton Number of ot shares sold today against a n year ear ago Par value nuo of bonds sold toda today 4 against 52 a n year ear ago uso Southern Pacific expenditures of ot arc amo announced In connection Hon tion ton with now new bond Issue The bonds bondi to the amount of or aro are convertible con con- into stock at and are re redeemable ro- ro after ater March 14 1 on an Interest Interest Inter Inter- Interest est date The entire Issue has been underwritten J Range of Quotations received recel ed over private wire of ot James A. A 4 Pollock Co bankers and brokers 6 West relt Second South street I IL H. I L. L I Soles Sales Am 1 C. C F F. 2 41 IS i 0 Am Smelting sSi 83 Sil SH Am Locomotive 56 66 6 i 62 GOO Amalgamated Cop 73 7 72 00 Anaconda Cop H HH H 2400 Atchison 10 B. B and O 0 O. O 1083 1081 1084 1051 l Brooklyn R. R T. T 7 0 i Canadian Pacific 12 1721 17 1711 17 2800 dies Cues and mIl Ohio 07 67 1 66 C. C C M. M L and St. St St P. P 1453 1449 1442 1451 1454 1000 Colo Cob F. F 1 and I. I 1 37 Con Gas 1221 12 1201 1213 1211 D. D and R. R OErie O G. Hi 45 1 Erie 29 30 1600 Great Grent Northern 1 1121 14 2 1414 1118 1 Illinois Central 12 1114 1000 Lou Lu and ond Nash 16 1 1253 1251 5 1 1261 6 Missouri Pacific 71 70 70 M. M IC I. I and T. T 06 U 40 Hi 6 do o. o preferred 1 00 N. N Y Central 1271 1264 1266 2100 N. N Y O. O and W W. 46 46 1500 Nor and West 00 90 0 89 39 89 National Lead ad 79 78 Northern Pacific 1394 1381 1000 Pennsylvania 1311 1308 1301 1301 Peoples People's Gas 1121 11 11 1111 2400 Reading Reading 10 1301 1301 1304 Rock Hock Island 24 4 23 3 do preferred 63 62 6 A 0 Rep 1 I. and S. S 2 22 22 1300 0 Southern H Ry 24 2 Southern Pacific PacOc 1181 1184 1161 1181 0 Union Pacific 1784 1761 1701 U U. S. S Steel 48 48 do preferred 12 1123 1122 1111 1 Utah Copper Copper ns 41 41 Tenn Copper 39 Newhouse 42 41 o 41 u 42 ii Total sales Money Mono closed cosed 2 2 per cent |