| Show I I Financial and andL L Commercial BY BT THOMAS S L C C. Now York June 2 It H It is GeU getting Ing to tobe tobe tobo be bo an old stor story about the new high record In iii but it becomes more moro impressive each time For the lie eleventh successive seN session lon Steel common today entered new this time reachIng roach roach- Ing Great Grent satisfaction vas 18 expressed ex ex- pressed at headquarters when word was received from Crom Paris that J. J 1 1 Morgan had completed arrangements ari to have a security listed upon tho l' l Paris lIls Ils bourse representing tho Stool Steel all share The Tho French hay have had a great eat deal 1 dealto to forget torget tho the past few cars years In ii regard to American securities and It will bo be Interesting to s see e whether Investors will take tako the tho Steel shares at their present price The difficulty In the tho past has always been that American stocks s wore too cheap and to Frenchmen Frenchmen French French- men too much Income on their Invest invest- ments Steel Is now sufficiently high highto to look safe for It yields only about three per cent upon tho the Investment although It Jt Is really earning somethinG something some seine thing like lIko nine per cent upon tho the common cornmon com corn mon stock London Is suffering severely In the advance In Steel for tho the option il dc ers era over there thero have havo sold calls on a ascale scalo scale that Is simply colossal They fhe have havo stubbornly refused to cover their contracts and regardless of ot what the professionals In Vall Wall street lOa may do It can be bo said that there Is a short Interest sufficient to preserve a goo good 1 market marlet tone tono for a still further advance advance advance ad ad- vance of ot considerable blo proportions Announcement was made mallo b by President Fresh Fresh- dent lent Brown Drown of ot the New York Central that the system has hns Increased its earnings up to about tho the r record cord In Its HI history Loaded cars handled for tor th the tho month of ot May numbered nearly moro more than for the same samo month of or last year ear In spite of ot this fact Now ew es' York Central stocks hang heavy Harriman always did believe In making a road oad prove ro e Us its earning power first and putting put put- I ting It up afterwards and he Is evidently evi 1 dently making Now York Central follow fol Col- fol- fol I I low lov his regular routine I Union Pacific hovered around high records but did not enter now terri tern tory The reason rason perhaps Is that HarrIman lIar lIar- rIman wants some advance left to quicken th the appetite of oC European bankers for tor tho the new now bond Issue It Is true ho Ito could get et tho the mone money In Now York In five minutes but he wants to got It In Europe just to show Margan Morgan Mar Mor gan and amI a few tew other American bankers bank bank- ers era rs that he Is big enough to float Clont his own Issues without any help Be lle- sides SileS Harriman Is a patriot Ho lIe flies the American flag on his Pacific Mall fleet at a n loss of ot yearly B ll By placing the Union Pacific bond issue abroad he will stop possible gold exports exports ex ox- ports at nt a time when they would bo be a serious proposition preposition to America All Europe Is watching securities very vory carefully Just now because o of tho tax on Incomes and tho the v io r Investment In hn vestment returns front from European se tle- curl curi ties I es Railroads will spend more moro money the tho next year ear for tor Improvements on rights of ot way now In use uso than thy they have havo spent for that purpose In an any two years of ot their past history The Tho millions that ordinarily aro are diverted Into new construction under the campaign cam cain of or competitive railroad building building build build- ing will bo be used to Improve existing lines to tho tIm groat t benefit of or stockholders ers era and antl the public Reading was sold freel freely In the carl early trading but apparently the only purpose purpose pur per pose was to hold the market down and permit a covering of or stocks by some big professionals proCessIonals priced Low Industrials were In fr active active active ac ac- ac- ac tive demand and Corn Products made maden madea a n new high record There was active accumulation In numerous quarters by pools made up UI of In Insiders The Tho street is preparing for a aver very broad public market The only thing lacking to tomake tomake make the dream come como true Is tho pub pub- lic lie Although the public Is not actually actually ac nc- ac- ac buying stocks It Is refusing to carry carn what In many cases amounts to fabulous profits In 10 the lie Street Number Numb r of shares phares of ot stock sold toda today to- to day dav a n. year sear ago aKa Par value of ot bonds sol sold tolla today ago e of Irlee James A. A Co bankers s and brokers 6 G West Vest Second South street furnish the received over their private wire wine I ML IL I L. L I da CIRI Sales Atchison 1091 Am C 57 n Am loco Loce G i 2600 OO Anaconda 61 51 2000 Am Smelt 94 9 93 Brooklyn n It T 78 79 1300 BaIt and 0 1151 1111 1000 Amal mn Cop 8 l Canadian Pac Pac 18 1821 1200 N Y Cent 1318 1308 Cob Colo Pu Fuel l 42 41 2 Clues Che and Ohio 78 is D and n It G GO 49 1200 Erie 35 U 3 Con Gas 1432 13 1 13 1 Great Groat HH Hi illinois Cent 17 1 Mo K Kant and T 42 2 42 2300 lou anal amI Nash ash 1391 1391 I 1391 Lead Leall 87 1400 Missouri Pac H 75 3 OO Nor and West 89 89 Newhouse 21 22 21 2 North Pao Iao 18 HH HH 1471 N N Y 1 Ont and W V. ro 50 Pennsylvania anla Peoples Gas 1131 1136 flock IsI 10 pfd 70 CO 1600 Rep I and S 31 29 JOI 31 Heading 1551 1531 ICi 1541 South Pac 1231 1231 Southern R fly 31 t-lR t St. St Paul 1511 Tenn Ii 41 u Il U 41 Union Pao Paa 1905 1908 U S S G a do pfd 1201 Utah Cop 51 51 Money Itne closed 13 li per cent Total Tota sales f I Sales on Utah Exchange Forenoon Call South Call South Iron Blossom at Majestic at Beck Tunnel at SIc 5 at at Crown Point at Century Century at Open Board SIoux Board Sioux Con at nt Carisa 00 at IU at t Bullock Bullock Bul Bul- lock 2000 at SIc Silver Siler I King Coalition tion at Utah Con l. l 1500 OO at atI I Sc Afternoon Call Call East East Tintic Gold Gohl King 1000 at lc lIe Crown Point at O c. c 1500 at Colorado GOO at 22 2 East Crown Point 1500 at nt Ie Ic Central Mammoth 2500 nt at ic Black BlackJack BlackJack Jack at Inyo Ino Gold at ic Iron Blossom at nt at 1876 Prince Con at Indian Queen 1000 at t at Total shares sold 1 2000 value Ore Oro lit itt Sampler pI rill Ore receipts b by carlo carloads ds reported yesterday b by the tho samplers Pioneer Pioneer- Utah C. C Taylor Taylor-Brunton Utah Taylor Utah h 1 13 Indian Queen 1000 at buyer GO 60 days Iron Blossom nt at at nt buyer 30 days das at buyer 60 days 1800 1 00 at Isn Joe Joo Bowers Dowers 1000 at lc He Mason Iason Valle Valley at 2271 at May Mai Mn Day Da at nt Miller Hill Hili 1000 a ax nl Sc fic seller 30 days das Newhouse 50 60 at nt Ohio Copper at nt at 50 SO at buyer 60 GO days at lie He Provo at Seven 1000 at 1600 at 1 16 5 1 C. C South Columbus Consolidated 2800 at Tintic Central 1000 1010 nt t bur buyer r 60 days at at 1 Hc Uncle Sam 81 at Utah Consolidated at 98 OS at 1000 at buyer buer G 60 63 days das Shares sold Value of ot shares OPE OPEN BOARD DOARD Bullock 1000 at nt Colorado 1200 at 2 2521 2 at East Tintic Development at nt Golden Reef Reet 1000 at lOc May 01 Da Day 1000 at Hc at Swansea at nt COO at nt isle at ICe Sioux Consolidated at 11 n. n Tintic Central io 10 1000 o 0 at Uncle Sam at nt Utah Consolidated 1000 at buyer 60 CO days las Shares sold lold 1 2 00 Value of ot shares I f |
