Show Financial and 1 I Commercial BV BY THO THOMAS S 1 C. C ELL New ew York 11 Slay May 8 clon Reduction of the Bank or England rats rate to 21 per a er cent preparation by the Goulds Gould for a 0 r re receivership re- re c fo the Wabash abash Terminal company compan e on the lie Missouri Mis MIs- nS- nS s Houri Pacific of ot 1200 met mert men and rumor that tat the company compau w would pass Its Is n next dividend an advance In corn to time tho high record price t of If c and aTut of wheat to t o 1093 loss of or cash by the banks and over th tM the po possible able ef effects of- of of ot the tho proposed currency legislation legislation legisla legisla- IB- IB tion ton gave Wall street a lay day of anxiety at lower prices Although tho the Goulds refuse to a admit that there thero is 1 1 to bo be a receiver tom Cot tho the Wabash Terminal tho the prices on on the ticker teler say MY the thing must bo be done Thoro There In is II no money visible to pay t th h p Interest due on Juno 1 J and the tho disposition dispo dispo- among the the trust L I Im Ito to refuse aid to tho the Gould GoulIs on t i ground gound that tho system Is la badly m nIL m n. n ag It I Is generally t 1 I ever over that tho the system as a S a who W H 1 i escape receivership by a rn ci i l gin Tho The Western Pacific ha has 1 hl 1 i financed tho the Denver and Rio js i- i j. j solvent the Iron Mountain is earning a 0 living for tor Missouri and Wabash Wa Wa- I bash bsh has hos no troubles except those which It will wi escape through receivership receivership receiver receiver- I ship of tint the nal nal I As s a result of ot the Gould Guld troubles Missouri Pacific collapsed today to 15 45 The price compares with wih a quotation of 64 64 which was recorded at the tho time warning was as Issued In this column against tho movement movement I Armour has has caught Patton Patten Paten short of wheat and Patten Patton has caught Armour I short of corn They are oro squeezing each ec other and the to farmers are arc getting the benefit American Smelting wes was wa heavy hevy and and It I developed that tho the reason for the re recent recent recent re- re cent strength was WS purely technical It I seems that one ono of or the vice presidents sold several thousand thousand shares of ot the tho stock short with the Intention of ot forcIng forcing forc fore ing a a reduction of at the dividend 1 to a 0 2 per cent cent basis taking advantage of the absence In Europe of Daniel Gu Gug Gug- I genheim Tho The position of ot the vice president pres pros ident was discovered and ho was BS first frt compelled to agree to a Q payment of 1 per cent for the tho quarter and was then loft left lof to cover his shortage In the open market market lie Ito le line has about covered and i ItIs it itIs t Is probable that smelters will win soon Goon show the effect There is evidence that tho the Nevada Novada Consol Consolidated and and tho the Cumberland El Ely merger will wi be consummated through No 26 20 Broadway Instead of through the Copper Mines company as ns originally originally nally naly planned by the Guggenheims It I seems that hat the same hands that have seized control of ot American Smelting nave have got control of ot those two companies com corn panics also Tho The ultimate effect is to strengthen American Smelting as BS an Investment and the probable effect will wi bS be to cause cuso a 0 sharp advance In tho next few weeks s of oC Nevada Consoli Consolidated Consol Consol- dated and Cumberland Ely In preparation prep prep- for Cor this activity stock of ot the National Copper bank Is being accumulated aCC by Standard Oil al Interests Interest The Thc prIce has al already ady advanced about 27 i iper per share and Is In good demand from Boston Some of tho time little mining companies whose whoso stocks arc ore on the curb are arc In distress over o their failure to 10 develop Anacondas In ov overy ry ot of N TJ Ir J- J k i i it Ick li h iri is ti was expended honestly for It is now becoming apparent that the Nevada Copper veins are arc extremely rich near tho ho surface but bul seem to disappear with wih depth The Tho gold old veins persist and s seem cm to grow stronger with wih depth The mining stock marl market et however has been upset vcr very seriously h by these failures fall fail fai- fai and It ft Is 19 make ures uses somebody's duty to 10 mke good on something soon or tho the curb market will wi relapse Into a n state o of lethargy In lao he ll S SIred Sirl r o Number of ot shares of sto stock k sold on I tho the stock stoc market today today a a year a ago o a a. holiday 1 Par value alue o of bonds sold to today a a n year 01 ago a n holiday Charles M. M r. r Schwab said today that thai ho he looks for or gradual Improvement of ot business In tho the near future although h I fiorA la Is no tin boom In TIe lie le S sas S 'S his Bethlehem company hns has expended d more moro than for tor improvements In the tho last Jast two years tit ot ft Prices Pollock Special Wire I H. H I L I Cia Cis I Sales Amer Amer e C 36 Amor 74 7 71 7 1 1 1400 American Loco 48 48 Amer Sugar 1 17 Amer Wool L. L 21 7 I 19 2000 Copper 64 31 Anaconda Cop 0 til 3 9 2500 GOO AtchIson 79 79 1700 Bait and Ohio 8 Sj GOO Dal ant Brook T 47 4 i. i CO Cann Canadian lan Poe IC l 1573 1 Chess Chea and Ohio 11 f t 43 C M I and St Paul Colo Fuel and I. I 2300 27 ErIe Brie 22 Gt at Northern pfd 1288 II Iii Central Central 09 Louis and N. N 10 10 I Missouri Pac 53 tn Mo Io K if and T 26 21 61 N z Y Central Central- IOU loll OO N y V Out Ont and IS 1 7 Nor or and IV 70 91 Nat Lead 91 fl Cr CO 61 f Northern Norther Pac 1 1191 Peoples People's Gas Gat I 1 I 91 r I 1000 Reading Ot Rod 12 10 11 16 26 lr Rep r I and Steel 1100 Sou Southern thorn n fly Ii 17 Cj GO Southern Pac 83 Union Pac Pao IU 1391 1 U S Steel 36 U Do pf pfd 1001 2600 Utah Uth Copper 21 I Tennessee Cop 37 36 ar 36 31 7 I 7 7 1 IBle clote closed per cent reeL Curl Badger Brothers Brothers' rother Private Wire I I I Low I Clo Close DIng Con 7 00 Dos DaM Con ILl Ill j 1101 1100 Butte C. C c 60 2300 Cum Fly Ely Dom Cop 1 62 1100 D. D West eat ISO 50 Ely I Con Can 1100 Giroux i 8 00 Greene C. C 90 GO 9 6 I No i 1 Con i iii ii U. U S. S Sm l Do pfd p j Utah Co Con Il So L. L Cop 1 j Miami Yukon lukon G. G Goo New York May ay t At the change chane today metal ex- ex Copper and continued lUll changed tin were un un- Close Co Copper 15 1260 CJ 5 lea London tin tin lead close close- COpper pounds pound 3 e Gd ll d- d df f future 67 spot s 7 Pl Pig tin weak at t POUn us spot pot and m JU 6 pOunds pound pOund b for Lead Leati lower at 1 5 1 for Ur ter unchanged pound i 11 13 td d Cleveland Iro pounds U. U 13 Gd warrant at Os I 1 t I i. i t I. I L 1 j ts i 1 ft |