Show I I Financial and andl Commercial BY DY THO THOMAS IS C. C SHOTWELL Now New York April 10 The Tho Tho passage o of tho tariff tart bill bi b by the time House at Washington confirms the statement that leading interests of or Wall Wol street havo o had from the beginning that nothing Important would be done Tho Timo bill bi does docs not miot reduce leduce the tue tt cost of or living livinG and anti Insures a period of or high wages and anti high prices tor ir Jr everything Tho The bank statement toda today showed an increase in loans as us a natural natural result of active speculation tho the past resul week The week has seen phenomenal records mado in n many stocks most of the time lenders lead lend ers ors advancing ad to tho tile highest since the panic of or two years ago This movement which was believed at first to bo be duo due chiefly to support was waa duo to short covering Most Moat sensational was tho the advance In specialties with which Edward Hawley IB la connected Tho The strength antI and and re 10 ro- ro flowed support was apparent i In the Now New lew York tractions and a n. sharp upturn upturn up up- turn In Chesapeake Ohio on Thurs Thurs- day emphasized fully Cully by much Importance im Im- un- un attached b by tho the speculative element clement to the affiliations of Mr Hawley Hawley Haw Haw- ley hey with two Important groups ot of 11 financiers n an ci ers Steel shares also attracted much at- at tenton by moving in opposition to the publicly accepted conditions of or the tho steel trade It I must be bo remembered remember d that hat some somo grossly false reports have been circulated regarding the Steel trust Orders havo o ha been coming to the time trust in increasing volume olum every day recently but perhaps their chief chic reason cason for tor cheerfulness is tho the escape from rom the effects of or a too serious tariff revIsion The short Interest in Steel Stoel was absurdly absurdly ab- ab largo large A universal feeling prevailed pre pre- sailed that steel must collapse in price This enormous short Interest enabled case aso the he Insiders to rally It I with greater Strength of ot Penns Pennsylvania hanla stocks ha has been attracting attention and suggests the tho possibility of ot negotiations having been made mado in the Now York terminals than tho the general public realizes and trains may nay may bo be running through Manhattan Manhattan Man Man- hattan Island so soon as to surprise everybody but tho the engineers in charge charse The Pennsylvania railroad now controls con con- troth more than 1000 miles mies of at line lne with wih nearl nearly miles mies of ot track According According Ac Ac- cording to a statement issued by the company toda today the tho railroad runs through states which contain almost half haIr the population of or the United States During 1908 the company carried carried car car- ried ned giving an average of ot moro more than three trips for every inhabitant in tho the states tates through which It I runs It handled tons of ot freight Tho The number of or Idle freight cars car has increased about since the previous previous previous pre pre- report This does not reflect the true truo situation exactly because there thereas was wag an increase of or 10 51 in the tho number of ot coal cars used in tho the an an- region This rush of or coal cool cars is duo due to the disposition to forestall labor disputes Tho The number of or idle cars has been put at to bo be compared compared compared com com- pared with previous reports |