Show r Financial and Commercial BY ny THo THOMAS C c. SHOTWELl New York May 1 12 all Wal Wall street wanted a R reaction an so badly toda today that It I started a a. a revolution In France A dispute between the dorks clerks and the tue government In Paris was waR so 1 magnified In tho the last InS hour of trading that Hen Reading Heading ln declined two points Union Pacific and Steel a a point each ench and others othel's lost fractions While hile hlo they were going down Rock Island Iland advanced to toa toa ton a n new high record This selling W was not considered Important Im fm- mi- and stocks were purchased treel freely In tho the slight alight decline for or tho the street Is full ul of ot sold-out sold bulls buls who are arc anxious to pet get ct Into the tho market An advance of ot 30 points In cotton coton was In Interpreted Interpreted interpreted In- In as bullish bulish upon the stock market because It i argues a n higher price for or the crop Ono One of or tho the greatest L financiers In America said that In his the stock market would continue continuo to advance ad- ad vance alce chiefly because the tile great mass massof or of the public got the stocks so low during the panic that tho the fluctuation of a n few points does docs not worry them them This financier fools feels that the tho people will swill wi hold hol stocks until the tho Industrial boom Is actually well wel under way The boom Is well swell wel started and pros prosperity a assured as- as af- af I but tho great volume of orders are not actually signed and aud entered upon the tho books bools of or the tho trusts The fact that tho the production of copper copper copper cop cop- per for April increased to a record breaking volume was regarded as a avery avery very ory bearish nr argument ment tola today The Tho Copper Producers' Producers association shows that an avera average e of ot pounds dally daily Wl was VaS produced In April Apri In excess of 0 the highest previous record Such a n largo large number of porphyry mines have been developed that tho present price of or copp copper is all al nn any raining mining man desires At t present prices the world can enn consume consume consume con con- sume more than It now pro produces uces when once one business gets fairly started In Intelligent In- In mine management Is now di directed directed di- di to large largo production with a reasonable rca rea profit on every pound Instead of small smal production and Bonanza profits This policy Is ono of ot the pleasantly significant features of ot the last few rew months month The steel trust ha has quit defyIng defying defy defy- ing the law of ot supply and demand domand and I Southern cotton coton planters planter have abandoned aban aban- all al Idea iea of ot censuring Providence for tor big crops The Tho government of ot Brazil Brazi Is the last refuge of or absurd theories for tor tho tIm proposition Is still sti seriously seriously seri son discussed there of burning up 10 per vcr cent of or the coffee coree offered for tor ex export ex- ex port port The Brazilians propose to slap God In the face tace for or giving them abundant abundant dant harvests Steel was sold from London nil all al day and In Now cw York the professionals turned turne loose thousands of or shares of or that stock as well wel a as Union Pacific and aul Reading Rending Their offerings were well wel absorbed and the tho result resul of ot the days day's operations was liquidation of ot some limited Jm- Jm urn lim bull bul accounts and the tho building of ot an nn extensive short Interest that will vill willbe wi h be very useful In a few row days when whon harriman Harrman gets sets rend ready to make a demonstration demon demon- straton In Union Pacific harrIman Is as silent as the but there seems to be a constant procession procession procession pro pro- cession of ot Union certificates traveling Into the offices of 0 his brokers South Pacific Is la also being accumulated It I Is hardly correct to sa say that the shares ShaleR are aro being depressed for or accumulation purposes but the In Insiders Insiders Insiders In- In siders ate are certainly discouraging any attempts to advance them ju just t now be because because because be- be cause thc they are willing to take talu all al the offerings at nt this level In ill the he Street Streel Number of shares sold to today a 1090 against a year ago Par value of bonds sold soul toto today 7 57 against a year ear ago Late Tate In th the day ilay a a report was current that a n New York stock exchange house was In distress because a large percentage percentage percentage per per- of Its business was of or a character char char- actor acter that produced no collateral that could bo be used at the banks banIs C nf of tC I Price James A. A Pollock Co bankers and brokers 6 West Vest Second South street street furnish tho the following received over their private wIre t i. i I H. H I 1 u 1 I Cisi Sales Am m C My i-My G 54 Am Smelt Smell JU J A 13 D Am Am Ix co co 07 Cj GS CS Sot SOO Am Su Sugar al' al 13 13 13 13 I 1400 1 00 Amal mal Copp Copper 1 SH 83 81 83 1 fO I Anaconda Copper COIpel 51 1 O C 51 1 i 21 2111 III Atchison 1101 1106 10 1091 IOn 1091 I Bait Balt Bai and arid Ohio 15 15 1153 1151 I Brooklyn It I T 1 80 in 1 1101 1111 lull I I Canadian Pac Pac ISO i J i Ches and Ohio 79 77 7 78 ai C M and St SL Paul 1 2 jIO I Colo Cob Fuel and I. I I. I lq 39 39 2901 2911 Ol Consolidated Gas 11 1121 1 1391 1396 HI D Dun and Rio no G GErie G. G 51 GO 50 1900 Erie 35 34 34 3 Great Nor or Pfd H 1402 1466 15 1453 1451 1453 Illinois Cent UG 1461 1466 1473 1471 11 2300 u and Nash 13 1391 Missouri Pac 76 H 74 75 1600 Mo 10 K and T T. T 12 43 32 New Ness York Cent Cent 1322 1323 1313 1318 1316 N Y 1 Ont and W. W 49 49 I 9 Nor and Western estern 9 91 2100 National Lead Lend SS 85 SS Northern Pac 1461 15 1451 1 1452 Pennsylvania 13 1352 1351 1351 1100 Peoples People's s Gas Gas lG 1164 16 1152 Reading HiS 1551 I Rock Hock Island 33 31 1 33 Do Pfd Pd 71 70 u O 1 Rep I 1 and S 26 26 6 I 26 Southern Ry Ity Ir 30 29 9 i 30 Southern Pac 1 1281 1 2 1 1200 Union Pac PacU Pac 1902 isSOU I U S Steel 58 sa g Do Pfd Pd 1198 1183 U 2400 Utah Copper G 52 51 61 jCl GOO COO Tennessee Cop 14 43 43 1000 1004 3 34 31 2 T ri 21 1100 Money Ione closed at 2 per cen cent t. t Total sales saleS at |