Show FINANCIAL and I COMMERCIAL BY lit TUO THOMAS A C. C SHOTWELL Tho TIme failure of or A. A O. O Drown Brown Co loda today solved the mystery that haj hl worried Wall ail an street for tor the tho la last t week weel cl time the names of oC several op operators operators opera opera- r- r tors who were suspected and proved pro that all al th the excitement had been bee bee caused b by the thc plain gambling operations opera opera- opera tons of ot rs of the tile stock lock ex ex- chan change c. c Coming Corning on top of the tho Mc- Mc lc m. m Intro and Coster failure the he affair I of today l le is a. a I lon long long- at stop step p toward com compelling coin coh- coh the tock stock exchange to protect the tho Investing public from its Ite own I mom members member bers Now that tho tIme railroads arc being I Ire re regulated It Is Js believed b by b hon honest tl bankers that nUlt It I is time to compel members of or the stock exchange to todo todo todo do a limited brokerage business 1 in- in dd the tile affair expo exposes es ou oue s mor the lire of a a Bo Boston ton operator operator opera opera- tor or who claimed credit for tor Saturday excitement I. Lawson on Sot Not Responsible The additional fact fat about the situation situation situ situ- aton in Wall al street Just now is that thata that a ml a house so heavily short of stocks should be Ie able ablo to cover so 50 man many without without with with- wih out making the marJ market maret et advance adane Judged b by theory theor rules of tie the th street It w hl seem eem that t is I very anxious to sell aeH stocks or tho the hO homo would have ve ha e been heen compelled to bid che he market up sharply The Tho only reason a collapse ma may not be seen fen Immediately Immediate immediate- ly h Is th the tho failed firm has managed to leave several other firms short on the market It ft 1 is also comforting to know that that Lawson Lawon has not been beon responsible for the wild wid operations recently and that Daniel G. G Reid Is re really as RS Innocent Inn Inn- cent ent as he claims to be bc of or plunging In a the market marke I This hIs will wJ reassure many may unfortunate owners of or Rock Island Iland securities who have h e for fot several weeks week felt relt that their fortunes were merely pawns In the Wall street game Plunging Firm So exten extensive hl havo been the tile plunging operations o of or tho tIme hou house c that failed faU 1 that hat all aU nc news s considerations have be been n Ignored by Wall Wail aU street Bankers said saKi sal tonight that lint no other failures wore expected and that the public might take ake a reasonable view of 3 Th The rime fact is that there is bu bul- bul lne l- l ne less s to eon consider lder The spurt spurt th that lt started early in July Juh Is losing its It tore force There is some Improvement but not nearly so 10 much as the stock tock boomers havo been trying to mako make it appear Jt t must must b be kept in mind that tho the stock stoc I market has advanced not because of business C prosperity but because the piling ping up or idle dle rone money In Now New York IonIc mad and ad th the p passage age of ot the Aldrich law with has tas furnished stock gamblers dono money fondlY to do exactly what was b by Y the th firm that foiled failed The presence of or f so much money in New York Is h conclusive ho evidence that business s Is 18 not improving Trust rust Bonds for Circulation The general public docs does not seem to realize as yet that under the Aldrich Al Al- rolze law steel trust bonds may h be j ju u used d as a a. a basis of bank circulation So o may ml a tho the bonds bond of or any of the tru trusts t bo used This law has baa ha made mado it the tho th dut duty 01 of ot the secretary of the tru treasury to make mako an actual valuation not only of or at all al tho the railroads s of tho the United States bu but also alRo o oC of every trust and manufacturing eer of de description any company every corporation de whether public or private that thal Issues bonds Under tho the law an any bond can be used as at the tho basis fo for circulation provided the tho secretary approves approves ap proves it t and h he can not know whether making a er or to approve it without a Street Jn Jim the lie Number of shares sold oid tod today 60 same da day a year car ago Par Pal value of bonds sold sole today W was was- same ame da day a year ear ago a aso Definite statements were ere made to today today to that the tile affairs o 01 of street da day in Wall 31 the Rock flock Island compan company and its Itu subsidiaries have been put into such suF h shape that receiverships are out orthe of or the time question Theodore II Price today tOdar announced that his Investigations I. I showed the average average av av- rage condition of or cotton coton on Augu August t 21 to havo hao been per cent as against a month previous JaD r r at of of Prices Price Pollock Special Wire Wire I H. H l I L. L r SJ Car 31 1 9 39 n. Smelting 07 I 1 93 U 1 00 13 2000 mn Wool I 24 24 24 Copi 78 77 I 1 C Cop 46 4 1000 16 Atchison Anaconda s 00 and Ohio Oh 2600 Brook Bli and Rapid T. T 1 5 52 I 2400 2100 Pacific 1 Canadian 13 H 1 Ch he 8 and Ohio 41 St St. P. P 1 1113 1700 C. C M. M and lI St 1100 Colo olo Fuel ruel and I. I 33 1 33 Erlo rio 23 23 22 t I t 1400 1351 North pfd 1371 reat Great Central 1361 J ouis and Nash 1098 3 31 Texas Jo Io K nn and I York Central 10 1041 New N. N r. r ew Y i. Ont and W. W 1 42 z Ont 00 orf Nort and West rut 5 71 73 33 73 Lead 1 5 I St Pacific lil HO 1400 0 Pennsylvania l 1 1232 Gas 95 92 12 I 18 1 16 t 17 lock 23 I Rep tep I. I land S. S 3 1 18 19 I 1600 Southern Pacific Halwa 1001 8 99 Union outher 1 1584 5 Steel H a 00 U. U 7 loa 1078 lOll 1200 Do preferred 1081 topper Copper 43 43 1600 Utah 36 6 1 40 Copper 6 6 I 6 6 I closed 14 1 per cent cent lon Total sales shares shares Copper Stock Special Wire Ire 1 I lUgh I Low I C. C Bos lbs fling C. C t 1200 OO 1275 B. B Coal 2650 2150 1 5 00 IC Ii I- I raGO B. B anti and C C and A. A 1600 C 4 42 45 C. C Ier 79 75 7 7 j C. C Range Itne 7 r. r Ely my 15 1000 1000 1000 20 0 D. D Wet West D. D Daly DalI 2373 2371 3 2 2371 37 70 soo F K I. I Butte Bute 1800 1500 CI m Fly Ely 45 0 Granby o 0 1 00 I O 00 f 1100 1175 lr S i G. G Can Caim N. N Con 1625 60 Utah 50 3 57 X N. r. r 9 OO N. N Bulto BuHo 1900 2 1875 7 S 1 1900 OO OO 1855 Trinity 25 5 U. U co COP Coi e. e 1 CO U. U 75 OO U U. S. S S. S c. c H. H 7 4 41 I Pfd 1550 33 is U. U Con 46 46 Shannon 87 1 U. U hanlon Apex ew Tork ork Curb t. t tW Sp cd Wire Wire 1 I Low Lw Clo e. e C. C Ely Ir S 50 62 ClOO e Ely Con 1600 1800 P. P Cop 5 5 2193 2123 J 1 1 C G. G G. G 1 1 l 2700 GO N. N Utah 11 N. N tn Mitchell mel 1373 00 Girou 00 GlOU E. E sa 1 81 1600 King ICing f. f 5 00 F. F N. N Cop Boi C. C 1200 12 50 N. N or Con Cons 1626 1625 1100 Yukon 1 1 46 1050 1030 Mt 76 93 3 I. I OO Miami 1057 1050 1075 2200 p x 37 |