Show If fi ial and Commercial ommer ial FLUCTUATIONS IN MARKET NARROW r Stocks Strong Throughout i Week Without Any Material Material Material Ma Ma- Changes BEAR R RAID ID is ABORTIVE Tobacco Trust Reorganisation Plan Pla Expected to Prevail Despite Opposition BY y THOMAS S C. C SHOTWELL SHOTWELL I By Special Wire irO to The Herald lican lean News From Service International Now York Oct Oct 21 Trading n. Trading was Ight toda today O on the stock exchange and price changes were not Important Beet Sugar ugar Cotton Coton Oil on and Great Great Northern orth rn Ore certificates were heavy under profit Chesapeake Ohio's poor report for the year caused some sorno selling of ot general stocks and that Issue yielded about three points point The bank statement showed a moderate Increase of ot surplus reserve f Stocks 8 wore were strong throughout t the week without an any material movements In either direction Something of n. n I raid was attempted toward the tho end of tho week but lut tho the list resisted stub stub- This his raid was based largely on on tho the fact that the United States Steel corporation has decided to cancel Its lease ease of or the Great Northern ore lands According to 10 o the latest arrangement i the AccordinG lease will wf terminate January Januar 1 I. 1915 Official announcement of this broke the ore are certificates from 50 to 10 In two days das but the they recovered eco ered some of the tho loss Another weak eak stock was wa American Cotton 01 Oil which declined on advance Information that the company had earned nothing nothing at all al on the common shares In tho the past fiscal year Consolidated Consol Consol- Consoli dated broke broko to a new neW low record also on announcement that the earnings for September were less than for forthe forthe forthe the previous month month Copper metal was stronger p Opposition developed to tho the plan for r readjusting the American Tobacco company's company's com corn pany's affair and receivership Is no now demanded by some ome of or the opponents of tho the plan The Tho he attorney gener general l of ot the United States has agreed In general to the plan of at reorganization and bankers Identified with the com company pan believe belove that the thc plan will wm go through substantially sub sub- as announced V 1 The United States Steel corporation has expended than dc- dc ore on the Great Northern ere re properties and has paid nearly nearh cre under Its Is contract contract for ore are It ItIs itIs Is 18 compelled to take each year It I has taken about tons and has more than tons to Its credit fully paid aid for The trust IB Is expected to tomake tomake make an attempt to take takeO out before before isi all of the ore to which It Is entitled entitled en en- titled al under the lease and that will wi of the can ean a very heavy movement bre fere The Tho steel corporation Is expected to reduce freight rates on ore over its railroads New York bankers are lending mone money freely to Berlin Paris and London the volume being estimated at about OUO for the past six weeks It I would not be bo surprising If I gold were exported In settlement of ot part par of ot the these e loans loans Trading In bonds was wa 1 light rh t. t New Newyork york Tork Air Af Brake convertible were The general market was as steady T Total tal sales par value United States bonds were unchanged on call cl on the week i S METAL IEA MARKETS u. m s f New York Oct Ot 21 The The metal markets market were wre quiet nod and practically nominal In the nl absence ence of ot exchanges Lake copper U 2 electrolytic 1 1237 i Cl casting 1500 l. l 1225 Tin 15 i Lead Iud Spelter IS v i 1 Antimony Cookson's Cookson's 8 SU t Irn Iron uch unchanged gc Bar r sili MH Hi cents cent NEW YORI MONEY MARKET I Hew cew tW York Oct a. a Money CL-Money Money on call nominal l. l Tine lo loans n easy for sixty days das 63 per pr wat tt for tor ninety dayi days 3 33 Pr per rr cent for tor lix 11 months 3 per pr cent I Prinie Pe mercantile pa paper r. r 4 4 i per cent ot Sterling exchange firm finn with wih business fa banters bankers bills bis at st a IAO for tor day bills bis bisa at t for demand demand a a Commercial l bills 4 4 48 82 B Bar r r 54 s 4 c cents nl r dollars dolar 45 cents and nd railroad bonds sted steady CO CONDITION OF TIlE THE TiE TREASURY SUR Y Washington Oct 21 At At the beginning of ot business buies today tA the tho condition of ot the United d States treasury was ws 18 Working balance in treasury offices In b banks and Philippine tto treasury u Total roti balance In general fund O Ordinary receipts c yesterday teda Ordinary disbursements nt i to date this fiscal year yer Deficit tl this time lat last year ear l t Tu fl figures e exclude Panama ma canal canil cana and aDd pub pub- lie d debt bt STOCK QUOTATIONS U. U I L. L I IC c Al Allis Chalmers preferred 10 11 1 1 n. n Amalgamated d Copper oler 5 53 American S I G American Beet It Sugar 94 53 53 I CAn 10 10 10 9 American C. C P. P S 'S 2 47 Cotton 0 oo 46 16 4 Coton 01 G 1 American Ice Securities 18 18 American Linseed s Locomotive S American S. S Ret Reg 3 65 G 6 Preferred L ici 10 j American Ste l 10 3 O Z 3 30 20 American Sugar SU r 50 10 UGH American Tel Tel Tel 60 13 13 1 American Tot ob 1 r 05 American r Anaconda Mining Co 35 1000 10 lO 20 iosi ios lr io 10 Coast Line 1 I Baltimore t Ohio 1 1 21 7 96 I Bethlehem Steel teel J Brooklyn Transit 10 74 iH 74 74 n Leather 1 21 21 Preferred 2 91 or of c ow Jersey Jersey J CI Chesapeake Ohio 1 73 i il Chicago o k klon titon lon i o Great e tero lS I u 3 Chicag 1114 Mil 11 k t St. St Paul Paul G Colorado Fuel Iron 27 7 i S Southern tb ol-I-tb rn 4 46 8 Consolidated Gu Gas 30 13 1 HS Cr Product 10 10 10 30 lo Delaware hudson 10 10 Denver tile i Preferred 46 46 Distillers Distillers' SecuritIes 81 Eric Surtes 30 Q 30 preferred 50 50 49 0 ln Second preferred 6 General Electric 10 1 ItO Great preferred 1 4 l 1 G Great at Northern ore 16 43 41 U illinois orter Central Central ct 16 c t 1 1 u lih Preferred 10 1 1 44 Inter 44 lOa Inter 14 International l Poper 10 Ir 2 I Iowa IS Kanas City Preferred rr 2 67 Oa Gas louisville k Nashville 10 US 17 16 Minneapolis 5 St. St Luis 10 55 35 33 32 St St. S1 P. P S S. S S. S 31 31 1 13 3 13 Ken Ic e 31 35 31 31 10 31 Gj Missouri Pacific 0 40 4 39 National Biscuit 1 National Lend Lead 40 1 12 NaIl nt nys ny's ot of 31 J pl 33 33 Sew e York Central Centra C 11 10 1054 lr lo N. N r. r 1 Onto Ont i to 83 30 3 Norfolk Western Wester I North orth American merlan lQ 10 Northern Acme 17 17 PacifIc lal Pennsylvania 40 lZ 30 1 Gas Ga 12 P. P C. C C. C St St. S1 Louis Luis 11 Coal 1 IS Steel Car 2 Pullman Cr 1 Steel Spring R 10 12 1394 1 n Steel Steel iC 22 4 22 22 Preferred SI SIno 2 no flock Co 24 4 21 24 C Preferred Peret 30 4 St St. l. l L. L k S. S F. F d pM 42 4 4 42 41 4 St Si Louls Southwestern Preferred Luis Luis' Z 67 S. S S. S S. S IroD Southern Suther 10 39 Southern Railway 29 26 ii 21 1 Preferred S 63 ec 2 24 To St. St J. J We tn 30 19 1 1 IS 18 Preferred 2 43 41 4 42 42 Union Pacific 1 IG Preferred d 91 United States Realty Realy Q United States O 4 42 42 4 United Unite State Steel Stcl 10 60 i 69 69 10 10 Utah Uth Copper 10 45 lm 44 H 41 Va Carolina 2 43 4 47 CalD r 4 1 4 4 Preferred d 35 25 Z 23 Western Welter 2 66 I Westinghouse c 64 M Western UnIon 76 78 73 75 S Lake Le Ele Erie 3 3 J hl b aley 59 1 5 11 Total aIes for tor the tle Oar ay lW NE torn torn-c nA K ST. STATEMENT Te T. T New e York Oct The Te statement ot of cl A. A log lag house bouse banks tor or the week eck shows the banks lana hold hoM reserve In excess ot of I legal I b This is an 10 Increase of t In the proportionate cash cAb a 8 compared with Jest week week The statement DAILY A ImAGE AVERAGE Loans IAns 1 Decrease Specie 00 Decrease Lt Legal al tenders tender 2460 Increase c 2 t et deposits ra Dl-ra 10 4 Decrease Dl Banks Banks' cash cub reserve In vault Bank I Taul Trust companies companies' cash cb reserve Invault in invault vault Taut Aggregate ca cub cab h reserve Excess lawful re reserve i. i Increase Trust companies' companies reserve with cl clearIng clear clear- a- a log Ing house buc m members carrying 25 per percent percent cent cash reserve ACTUAL CO CONDITION Loans Decrease e Specie Decrease Legal tenders lenders teDder S O Increase 1900 Net t r Decrease o I O Circulation Increase O Banks Banks' cash cub reserve in vault 4 O Trust companies companies' cash reserve la In lavault I vault Taul 4 40 Aggregate cash reserve Excess lawful r reserve cr e 0 Increase Trust companies companies' reserve with lh clearIng clear clear- la lag Ing house hO e members carrying caring 25 per percent percent er cent cAsh re reserve ene 69 O Summary of banks banki and trust companies in Greater Grater New Nest e York not reporting to the thc New NewYork NewYork ew York clearing bouse house Loans 3 J Increase SI Specie le r Decrease e I. I Legal tenders tender Increase 36 Total 0 tAl O D Decrease relle 16 The c Financier will wi say ay An unexpected decrease of S i O In dep deposits deposits de de- de- de posits UH not oot altogether accounted for tor by the contraction contraction con con- ro p traction of ot 1100 in II lo loans hons and the tLc small smal of ot in and od was wasa a feature of ot tb the tL statement of or the clearing clearinghouse bou house boue e banks Lank of ot New rew York for the week ended coded October a. a The result of the the- changes noted was wu to add SSU to the reserve bringing the present prescot surplus to 12 The tl figures rd CUMac cited CUM arc based on the statement of actual achal conditions coalition ac The report of ot the Averages for tor the week Indicated Indi much smaller changes the surplus re reserve reserve roo re- serve sere tuned based on the average computation ton standIng standing stand stand- Ing nt at at S. S A statement such as A the one under sion lon only emphasizes the te present prent stagnant condition of oC the te won money 1 market maket and aDd explains why rates la In New York remain steadfastly b below low t tN normal nor nor- for mal mal so o low in fact that financial institution of ot this and other cities are ae loaning loning more extensively ex cx- than ever to European Europen centers center With Wih sterling exchange nt at the tho gold export point It 5 seems m almost certain that an outward movement of ot specie come shortly and this despite the fact thi-t thi our export trade balances from I now DOW on will wJ Increase materially b because ra 1 e of of present and ad coming cotton and ADd other comm commodity lt purchases C by Europe GRAIN RIN AND BY JOSEPH F. F PRITCHARD By Special Wire to Tho Horald Herald publican From International News Service Chicago Oct 21 Bright 1 ht sunny days and cool clear nights will wil work against tho the bulls buls in corn and In favor ta of or the bears bear The he corn cor crop Is now In condition con con- where It must have clear and cool weather in order to finish In good shape A great deal of ot the yellow yellow yel yel- low cereal cereal has already been lost or partly dama damaged cd b by tho the long drawn out wet weather and much of at It will wil find Its wa Ino tho the dr Is way v dry houses house at Chicago Chi Chi- cago caO cavo and elsewhere and It will wil likely bo ho delivered In large largo quantities on December December De Do- cember contracts with a penalty at attached attached at- at to It I. I as much of ot It will wil grade grado No o. o 3 No ono one In itt the tho trade 1 knows better than James Jumes A. A Patten Paten that corn has advanced too rapidly and It I was his 1 tola today along with those who are arc trailing In his footsteps that caused a decline In December from 66 to 65 and In May from front 67 to lO 66 There were reactions from tho the bottom prices late on the drying up of or the offerings coupled with wih the tho buying lulng b by shorts shorb yet et resting spots showed net recessions or of D c. c Although the outlook Is for lower tower prices wIh with favorable fa weather the writer would not not advise the public to put out big blK short shor lines In the tho hope that the tho corn will wil bo be available for do- do livery lvery when December 1st rolls rols around Stocks of ot corn at Chicago were wore never any smaller than they are today and with wih a searching demand on southern and eastern account and with exports taking hold In a freer freez manner ten manner ranner ten loads seIn selling today today there there will wil be no accumulation of at stocks 8 Cash tranae- tranae tons on domestic account toda today were bushels and vessel room was chartered for bushels for shipment ship ship- ment mont to Buffalo A movement was on foot at the the open open ing lag today to dr ve some ome of ot the scattered scat cat catt t red longs longs out of or their position In I wheat nd It succeeded In a manner On tIle the oar early decline docIno however the market market mar mar- I ket ket to be bo pegged by iy 1 strong Interests and the buying orders order In the pit pIt changed conditions completely took tho place o ot weakness and activity that of dullness Word AVord od went went around early early- that It It was a day dayto to sell sel wheat but but the tip tp proved In Incorrect In- In correct Final prices for the tho da day showed reactions of i 3 Sc from the lowest levels and net gains w were rc l 8 ic c for the tho day ilay a th the nearby months while the July Jul was wan unchanged Cash sales hero amounted to bushels No 2 red winter winter which was taken b by byan byan an Ohio miller mier Oats again lagged behind the others otherA In point point of or activity and closed bet better tel to unchanged Provisions were active acU and higher and there was liberal buying of or Maylard May Maylard Ia lard led b by commission house which was believed to be on foreign account There was was' also good buying of or r bs and pork and this was placed to outside outside outside out out- side account The selling was led b by those having profits The leading futures ranged a u as follows WIt Highest Lowest I Closing Dec i 4 Mar 11 IC 10 1 11 o July luly 1004 33 10 CUlt CORN CORN- Highest Lowest I CI Closing lna Dec lc 65 65 66 May hay 16 61 6 66 C 16 66 6 July G 67 6 66 GG OATS OATS- Opening 1 t I lw t I Closing Dec Ic IS Is 41 May 5 50 4 IS 50 5 i lm O July O. O 47 47 m i mf m 47 4 MESS ler bbl 1 Lowest I Closing Jan 1587 I 1696 I 1 I 1680 0 May 16 1605 06 0 I I b. b 1587 h I 1690 1590 LAUD Per LARD Per 10 10 lb ibs Jt l Highest Lowest I CI Closing Oct I I I I 90 Jan 1 16 I I I I 30 I 90 Lr IVr 10 lb lb 1 I I Lowest t. t I Closing Cloning Jan n. J I SH I S. S SW I S. S I I 1 8 May I I SiO I I f 83 J f 83 Cash quotations were ere a as n follows Hour firm finn winter patents jO winter straights spring straights is b bakers 45 n Itye No o. o 2 2 Z Timothy Seed Seed Seed CloTer Chover 14 00 1960 31 Mea Pork Pork Per Per Pok-Per Per bbl Lard Per Lard Per 10 lbs ibs Ib 10 Short Ribs Jd Sid loo loO loose I 80 81 GRAIN ORAI STATISTICS Total ToW clearances clearance of or wheat and flour were toa tre to USCo Primary r receipts receipt were 1050 bushels compared with wih bush bath ell cia the tho corresponding day a year ago ao Estimated receipts receipt for tomorrow Wheat Wet 48 46 4 c un ears r corn eOn 24 cars ear oats oat in III cars car cr hog bogs bOi head bead NEW WEW NV YORK ORK GRAIN New e York Tort Oct 21 n.-Flor n. Flour ste steady to t firm fir but quiet f Spring rl patents 0 winter straights winter patents patent 4 iO spring clear clears 4 4 winter extras No 1 I. I winter extras extra No 0 2 2 Ken Kan- Kin sac fas straights 4 90 receipts shipments ship ship- men ments t 2323 3 Wheat Spot Spot t. t easy elY No 2 red ird d. d 1 I 03 3 sIc ele- rater export urt ball basis Rod cud 10 f. f o. o b. b afloat No l. l 1 northern Duluth I f. f o. o b b. b afloat 1 market was wan easy eay early on the cables nail anil und under r profit |