Show V V t. t V Financial 1 nd Commercial f. f GAINS AINS ARE MADE IT IN STOCK PRICES Action of Market Indicates V. V V Turn for Substantial Rally Has Comel Come SHORTS l' l DRIVEN TO COVER I Strike on in Harriman Harrman Lines Regarded I as Bullish Factor as It Reduces I I Systems System's Expenses BY THOMAS C SHOTWELL w B By Special Wire to Tho iho Herald I r lican Hcan From International News I Service I t New NeW York Sept 30 Action Acton Action of ot the D V I tnt u I Ins Ing evidence that i it has hns definitely turned for Cor a substantial rl rally The b big I shorts have covered and little shorts g have hn thousands of ot contracts In commission commis Ion sion houses showing such losses that they will be forced to cover late lately before long Jong long t The announcement of a strike on the Harriman lines was regarded as a bull bull- bul- bul teti argument as it will vill wil the railroad system of or thousands of ot em em- not needed owing to the reduced volume of traffic The system will wil also save a couple of ot millions milons at least on cancellation of or pension rights Illinois Centrals Central's Centrals latest strike was not big but butas butas butas as a a result a million milon dollars was saved by Its Is pension fund Practically all al stocks tocks showed material material mate mate- rial nat not net advances ad Cotton Coton made new I low levels for tor the year car and the foreign war a. a failed to advance wheat The Thc bank statement Showed a small smal loss in surplus reserves Panicky conditions prevailed in Wall Wallstreet Wallstreet Wal street several times this week week The declines and advances ad were the swiftest st and nd most mst sensational witnessed for tor many manY years if I. I indeed there were ever equalled d. d Earl Early In tho tim week new low levels were established by br most of the leaders with wih breaks that ran four foul and five points in a few minutes in the standard Issues The Tho rebounds were equally swift traders on both sides of ot the market being severely injured Cotton Cotton Cotton Cot Cot- ton also went to new low records for forthe forthe forthe the year car carI B Most of the selling of ot the week cok was duo due I to raiding un under er leadership of speculative directors of tho the United States tates Steel corporation several of Whom are known to have made vast fortunes b by attacking the securities the they are arc supposed to protect t 1 Foreign affairs dl did not Improve material materially ma ron- but new trouble developed be- be tw t teon cen Turkey and Italy Inh In regard to Tripoli Tho The Morocco situation is still unsettled although h France Franco and Germany Germany Ger Ger- many seem to be approaching an agree agree- ment merit Foreign selling of American stocks has been arrested temporarily hut but the tho political disturbances both at homo and abroad are such as to make makel a a renewal reneaL l of ot that selling probable at any moment American Tobacco securities showed sl slight ht heaviness but the bond market otherwise was firm Total sales par value 15 f United States bonds were unchanged on call for tor tho the week weck LIVESTOCK MARKETS Chicago Sept 30 Receipts Cattle Cattle Receipts estimate at a. a t 50 H. H market maket weak neak Tek beeves Texas steers western steers SteeN 4 10 stock stok r m r and feeders 3 rows O and anc heifers helter calves cles GI S V Ho Hogs R Receipts estimated at 81 market maket slow light mixed heavy heuy rough rull 5 Rood gond Iod to choice he heavy Y 8 co pigs los 4 bulk of or sales sale Receipts estimated at fI market weak native nath western yearlings year year- eJ lings 3 lambs native west west- est est- Cm rn i f Kau Kanas 39 City Sept SO Cattle Receipt COO CM CO Including market maket steady native steers tee southern steers 3 GO 60 0 southern ruther cows and heifers O native cows COW and heifers heier and feeders 30 0 OO bulls buH to calves T western west west- t. t em ern steers leer western wc cows In Receipts 2000 20 market steady bulk bull of ot ulC 6 heavy henvy 6 1640 0 pack packers packer cud nud botchers 6 light 6 pl pigs s. s 61 Receipts none market steady muttons mut tons ton 3 Iambs larnis 4 4 range 3 ers era frS and sod yearlings 1 range ewes cw Ii Sept 30 cattIe O. Cattle Receipts 30 market market market mar mar- ket steady native ft steers r. r cows ow and helfers 3 5 western weter Kt ft steers cr G. G O Texas exas rn range cows and belt belt- c ers canners C. C CS t clockers and calves cales ro hulls bulls buls stags stag etc ate 50 I t r Jo Hogs s Receipts 2500 2600 mak market t strong to rc c higher heavy mixed light Jh 6 25 pigs IS bulk bull of or sales siles GO p Shep 30 00 market steady yearling Teler ewes WI 3 i lambs S. S t CONDITION OF TIlE THE TiE TREASURY I Washington Sept 30 At At the beginning of or hu business today the condition of or the United States treasury wal was was- Working balance In treasury off offices Ices J In bank and Philippine treasury tr 3 Total of oJ the general fund fund Receipts yesterday Disbursements yesterday aY Deficit to date dote fiscal fical year Deficit sumo sami- date Inte last year 3 The figures figure exclude public debt and Panama CAI canal n transactions I I M METAL EtAL MARKETS f ew York Sept 30 The b The m metal tal markets were dull dun and an nominal unchanged In the tie absence ab nto q of t exchanges ft electrolytic and casting Copper 1200 1223 Tin quiet 1 for spot pt I. I Lead i. Spelter 5 Iron unchanged MONEY MON SILVER ETC ETO Kew Nn York Tork Sept CO Money Money on call cnn nom nom- foal nal Time loan easier for sixty days CAYS 3 1 P Pent per ent tot for for ninety days dOf SiftS i per ier cent for six months 3 I per cent cent Prime mercantile paper 4 i per ter cent weak with actual business ln s Sterie Sterling exchange wih bl tn In n bunker ank bills ls at for Cor sixty day bills end and endt andt U t G for Commercial bills bil Bar silver 62 Bonds Governments and railroads steady EVAPORATED FRUITS New ew cn York rV Sept SO Evaporated S. apples teady teady spot fancy 10 lO ll 1 choice prime I Prunes Very Prunes ry Vory firm quotations range from Crom 9 98 16 for up to t 30 40 30 and nud nominal for Cor Oregon t Apricots Dull Apricots Dull steady choice l lS extra Choice hoke 16 11 fancy li 18 Quiet steady choice 1 1 extra leche Choice 1 11 noel fancy 1 12 r rt il Raisins Steady loose loo muscatels quoted at 6 6 2 ml 74 choice to fancy weded 8 9 94 f seedless G 7 I London layers J 45 STOCK QUOTATION I Salce I II I L. L I O. O Ii Amal Copper 60 49 Am Agricultural Am Beet 16 62 61 61 m. m. m Can CaD 10 9 9 1 51 9 91 Am C. C F. F 60 44 4 4 44 I Im m. An Cotton Oil 01 lio 43 n 43 Am Am Hide Leath 19 i Am Ico Securities 11 Am Linseed 8 Am Locomotive 25 z 3 33 3 Am S. S k 64 6 63 t Preferred I. I Am Steel Foundries 29 Refining IH m. m Sugar 31 lG 15 Am Tel reI k Tel 60 13 13 1 Am Tobacco 1500 97 H. H 6 Am Am Woolen olen i r. r 29 2 25 25 Ana MIning Co 30 32 31 32 Atchison V 10 HC to Preferred 2 12 Atlantic Coast LIne 10 10 lZ S Baltimore Cat 1 Ohio 95 96 95 2020 20 27 Brooklyn Rapid Transit 13 Canadian Pacific fl 2 2 2254 Leather 10 2 Ii 2 lr Central ot of New ew Je ZO k Ohio 71 71 71 Chicago t 90 1 7 Great Western Aloo est rn IS Preferred t 37 37 ChI North orth Western 10 Hl Chi MiL MH St. St Paul lOS 10 4 c. c C. C C. C St St. L. L 57 1 Cob Clo Fuel Iron Irn 6 Colorado Southern Souther 4 Gas Ga 1301 13 14 Corn 11 1 11 1 Delaware on 1 Denver I t Rb Grande Grands 20 2 22 21 2 22 Preferred d Ro 40 O 47 46 6 47 Dl Distillers Distillers' Securities a aErIe ErIe 3 30 2 30 70 1st preferred 49 4 49 49 Id preferred 30 41 41 4 41 4 General t ElectrIc 60 6 1 I 1 Great 33 1 13 Do ore certificates 46 46 6 Central Central 60 13 3 14 ct 1 Preferred O 42 42 2 42 6 International harvester 1011 40 10 International Marine MarIce pfd IH International Paper lOC 9 9 2 9 I International 20 28 27 iowa lown Central lymp 18 IS 18 2 IS Kansas City Southern 10 6 CI 60 60 Laclede Gas Ga lO 11 L Louisville Nashville 00 HO H Minneapolis St. St Louis 33 33 6 32 Minn Inn St St. St P. P J S S. S Luis S. S I. I 10 3 16 Mo Io Kansas Kans k Texas 25 25 Preferred 20 V 63 Missouri Pacific 36 31 31 m National 2 lG 16 J 4 National Lead L-at L 0 46 6 46 4 46 N. N flys or of 33 1 pfd 40 25 25 l 29 ct York Central 10 10 eW York Onto Ont West West 35 3 6 38 3 33 3 t Norfolk Western Wester 40 lr 2 10 orth American 1100 6 65 Northern 13 Pacific C tc lt 13 Pacific lal W 30 30 29 n 30 3 Pennsylvania lO Peoples People's Ga Gas lZ P. P 1 c. c C. C 6 St. St L. L 10 93 93 92 9 Pittsburg Coal Coni 11 Pressed Steel Car Pullman Palace Car 10 15 14 l 1 Railway Steel Spring 10 RedID Stee 1 13 l 27 Z Republic Steel 22 22 ZO 2 10 85 S 85 S 64 Rock flock Island bland V 0 2 t 2 St. St I. I S. S F. F 21 pfd rfd itO 10 37 37 St. St Southwestern 0 Preferred 69 Sloss S. S I. I 26 Southern Pacific 3 10 JOi IOS Southern Rallay 25 4 29 25 Preferred 90 60 64 63 13 I 64 Tennessee Copper 10 33 3 33 3 32 Texas Texa PacCe 3 23 23 2 23 T. T St SL L. L W. W 10 IS IS' IS 18 Preferred 30 41 41 41 41 Union US 16 1 9 United States R Realty alt t United State 10 39 29 33 3 29 Stat States s 61 C 60 61 Preferred lit 11 6 10 Utah Copper Co n 41 O 40 oi yn ro Chemical 46 46 46 4 COO C 11 1 10 10 10 4 Pr Preferred 21 20 21 1 Vestern Maryland 1100 5 52 51 51 Westinghouse V o G 62 G 62 6 62 Western W UnIon i 00 r 17 1 76 77 Wh Wheeling la Erie ErIe 31 3 3 2 Lehigh Valley 90 J 14 Total otal sales Ioles for tor the the- the day shares RA n. n A J K ENT New tw York Yok Sept 30 The Tle O.-Tle The statement of or the clearing house boue banks lonk for the week shows WOW that tha the banks hold r reserve In ucc of or r re This Is a Q decrease of or J 50 In the proportionate cash cah ca b reserve as a compared com corn pared arf with wih last week The rhe statement follows V DAILY A AVERAGE Loans U Decrease 8 OO Specie 34 Decrease lse L Legal ol tenders Decrease r Net deposits sits Decrease Circulation C O Increase 3 Banks Banks' cash lh reserve In vaults Trust Tut companies' companies cash cub reser reserve In vaults A Aggregate cab reserve rescue O lawful reserve Trust com companies companies' p II re reserve ere with wih clearIng clear clear- In log Ing bou house e p members carrying 25 23 per tier percent tiercent cent cash club reserve ere r-ere ACTUAL CONDITION CO Loans Leans Decrease S Specie Speele Ie Decrease 0 Legal Lal tenders Decrease S OO Net d deposits p ls Decrease c Circulation tC Increase Banks Buk cash ah reserve In vaults Tr Trust t companies companies' cash cauli In vaults Aggregate cash cush rc reserve erve Excess lawful reserve Decrease Trust companies companies' 5 reserve with wll clearIng clearing clear clear- In Ing ho house c members carrying 25 I per percent percent er cent cas cash reserve re O O Summary of or state tate banks and trust companies in Greater New York not reporting to the New York clearing house Los Loois 8 D Decrease Specie t Increase L Legal I tente tenders 1160 Decrease 1 De Deposits sis iC D Decrease The he Financier Ina ne ler will wi say aj The New sen en York clearing house houe banks for the week ending coiling S September 30 31 reported n a decrease In cash amounting to tu HiO Considering the tle excited state of or the stock tock market morlet and the unusually un un- usually large lurge transactions for tor the past post five tire or r six days 5 the decrease of or 53 In iii II loans was AS ASTery very Tery moderate Deposits owing to the in the luau limn Item Hem and the tho lo 10 loss s In cash cosh fell tel and while this la is II home iome MIC measure lessened reserve requirements requirement the tie net decrease In I cash reserve above the tlc 23 25 Z per cent minimum was for tor forthe forthe the week CO O. O leaving the excess cash reserve Item Iem at I These figures are taken from the tho statement nt of or actual conditions the tie surplus reserve according to the tho compu computation tation of or averages standing at GRAIN GRAIX AND ANI PROVISIONS BY JOSEPH F. F PRITCHARD By 13 l Special Wire to The Re Herald Re From International News Service Chicago Sept The Tho SO Tho Tru Italian kishi leh troubles have fale failed to help tho tile bull buH longs In wheat and one of or tho the larger holders soUl sol possibly bushels Friday FIlda and to today uy an and ho was obliged to taI take o a sharp loss In the transaction Russian shipments of or wheat will wl Ibe ibe be smaller Monday but butas butas butas as an ov overbalancing factor to the thc falling falling fall fall- taI taI- ing off In the movement mo out of the czars czar's country will wil be bo the tire Increased offerings from the southern hemisphere as Buenos Ayres grain brain merchants are hawking grain at at a lower level el of or prices It I Is 18 a well wel known fact that Liverpool Liver Liver- V pool moves slowly That ilat mall market et was up til g on wheat to today ay on heavy coverIng covering cover- cover log Ing ing 1 by shorts hotts which was Bal said to be bo duo to tile the war scare At Paris there thoro were gains of or and this too was waa wason on Oil short covering and Ind by In In- In Berlin was stronger an and higher high high- er and Antwerp was up lie iZe for tor tho the la day Grain men on this side of or the tho water while believing that that it is unlikely that the abroad will wil cause alY any delay delay dolay de do- lay in th the shipment of or grain export export- ing countries will wil continue a close watch on the foreign situation Thc They were advising their customers stomer c today to tok k keep keel e close cose to the speculative V shore forthe for forthe tor the time being Exporters are ale out of tho the market for tor forthe the tho time being and anti bids wore vore a good deal out out of or line today todar New York wired that Manitoba wheat was sas offered offered of ot- from tram there to Berlin today at ata ata t ta a low 10 price and that a counter offer was received which was three marks below the price asked on this side Only bushels of wheat was sold here today for tor eastern shipment Southwestern Southwestern South South- western markets reported a a good de demand demand tie tie- mand for cash cah wheat both for millers and shippers Estimated sales there the last few days on California account account ac ac- ac count alone bushels Recent heavy rains over the tho entire entre corn belt and the falling taIng off oCt in the movement were tho the principal helps to the bull bul longs in that cereal There here was good commission house buying of at December corn today doubtless cov covering erIn ering by shorts who believe that prices are to advance unless the weather wea wea- weather ther tiler became more favorable for tor ing lag Ca Oats Cats ts were ero fractionally lower and closed at the tho bottom The feeling was nervous and nn the tile selling was of oC an nn Important Im ira- sort Sniping sales for the day w were o bUS bushels h 1 U. U mew was as a lower Jower closing in IU u me m market for far provisions although the opening was strong and higher on the war news which Is usually a a bullish factor Lard was under pressure with the Cud Cudahy any Packing company the leadIng leadIng lead- lead Ing lag seller eler There was a fair g general trade trad in ribs and pork Vork Leading LadIng futures ranged as u follows WHEAT WHEAT- Highest Lowest I Closing ept 9 95 2 91 9 91 I i D Dec 9 s I 95 V 9 o olRY May 1 1 lOJ con colts COUN Highest Lowest I Closing Sept 6 65 j 60 Si 6 53 Dec 6 61 63 64 May CY r 6 U 65 6 S OATS OATS- OATS Highest Lowest I Closing Sept 4 45 i Dec 4 m. m 6 48 IS CS 47 i 4 m 4 May j 0 5 03 6 50 So MESS M PORK PORK-Pcr bbl Ibl Opening Highest Lowest I Closing Jan an 1507 1502 1435 1400 1490 H. H May Ia 1600 1500 I 1500 1485 I 14 1465 Ht ier hAltli 10 Ib Ibs Lowest I Closing Ut 89 JAn 85 I S. S 5 I S SO So ShORT hOnT Per ElliS 10 lbs Ibl Lowest I Closing Oct 83 81 Jan 1 5 I 2 I Cash quotations were as |