Show I FINANCIAL AND COMMERCIAL i P STOCKS LOSE PART OF RECENT GAINS Wall Wal i Street Still Sti Pessimistic Concerning General Finan- Finan cia Situation B By Badger nr Bros Wire New ew York Jul July 1 13 After a fractional at st the thc tle opening n n a fairly market set Bet In which lasted nearly to the do close It was wu conducted eon con n. n ducted In Ju 1 a 1 desultory lEloo 1 way and with wih diminishing but it I brought the tock that are ae ae strongest yesterday esterla 10 down n i to a level lerel I i to 1 point pint under yesterday There rh ro was wa no new bearing bearing on In t the market I ot of the country bank baik clearings for the wc week k were Interesting The Tit howell cl checks ks exchanged to no be closed ti tu tl what t they were In 1912 and end 1311 or practically at nt the tho maximum anti and not the mini mini- mum This Thia was waN achieved boweTer Dl through the Increase over last lut week weck In western cities I letting the thc lAter decrease One may ma Judge jul e efrom from froni this that the thc Interior r remains cheerful thi td part of or the country continues pessimistic i It I l Is too to to carl early yet Tet ct to uny ay whether or not the of activity aol and ano strength 11 on no the stock II exchange this tbs week cek has Ia l 11 ul A R permanent turn from the thc excessive gloom of ot Ibo fun pant pix alx IZ months A few months ago aro such elch a D demand In Iii II the markets as u occurred Friday and Wednesday would hate hare IUie been re regarded only as a an aD ordinary incident In InWall Wall Vall street t. t It I was waR the fact that ta the Inertia and ot disheartenment that hut had preceded the tho ri rally especially the occurrence of last Int Friday Fri Fr- r day dAT with the smallest da days day's business on tho the exchange In the thc past pat two years Ut which brought the thc present stock stok market marke movement Into sue such luch comment as ni has ha been Indulged ld in or unconsciously Wall oU street bd bad come to t look looi 10 at the O lb share are t of Jul July 11 1 an as only characteristic of the thc bands 1 situation and for foreshadowing the tho st stock k exchange had before before It for A I long 11 time to come Now o ow It I Is a nr very well accepted tradition that thata tha a day 1 of utterly abnormal dullness following sa dl I and pr progressive shrinkage of or activity is In 11 1 1 R a sign aim Ilen that n ft I turning point Is In near This tradition I In I. not b based c on calculated calculate logic but hut on 0 n almost unvarying experience On the thc face of there would appear to t bf no 10 reason rca rea ref son whatever wh why one bitty thousand barc day should not be followed by one ono or one hundred like ikI it But Hut the stock stol market markt like alt all other machineries has hu ways wars and md l all al It its 11 own 1 n end it I seems to be Ie the thc C case cae IP with lb the thc market that when the thc wheels hel slacken lacken their p pace e of le t revolution reTO revo lution and nt at It last cease CaC to move mote entirely they n are about to 10 start revolving In the opposite di ill 1 n. n It I would not Mt be Ut supposing this to bo be the ca cac c In th the present Instance to Indulge In unwarranted expectations The Thc J public pub lie lic le on which all al Ie depends cn 1 is 11 still mistrustful suspicion lou and timid It I s grown u used usel 1 to finding find ing tug more Inviting opportunities for Investment In iii securities outside otilde of or the ItOI market The Tr I strongest stimulus WOl would bi- bi bithe the thc n news s of the sale ale and ond advance SI of ti the new ln unsold l securities and aud the tho to raising of ot the thc price al ovo their present present value mine Tolue on the thc stock exchange f. f WESTON GOES TO LOOK OVER THE HOPE George Geore Weston Western who recently as assumed as- as umed char charge chare e of or operations at the thc Hope mine In California has ha gone sone out to look over recent developments Some water appeared In tho the shaft shaH An rd adit it Is being sent out to tu get Iet under these workings s. s Prom From to l O feet more moro will wI acc accomplish m- m this and when lien the vein eln Is picked up at this additional depth It Is thou thought ht that excellent values will wil be bo found Mr Ir Weston Veston expects expect to stay on the property a a. month or two two before re re re- turning COPPER QUEEN ORE IS UP IN COPPER Controls of ot tho the last lat c shipment shipment ship ship- ment of or oro ore from Crom tho the Copper Queen property near l Nov Ne which the Ely Eh Kl Consolidated acquired last lash spring ran 40 cents gold 8 ounces silver and 7 22 per cent copper This oro ore come como from flom froma floma a tunnel less than feet feat from the surface It I Is expected shortly shorty to be begin begin be- be gin shipments from the claimon claim on the thc same property It I has a tunnel feet feat long but a rec recent rt surface disclosure disclosure dis dis- closure will wi IonS yield shipping values GOOD ROAD INTO SANTAQUIN CANYON Word was received yesterday b by Frank Prank Jardine of the United Metals company compan that the enterprising local loca commercial club of ot Santaquin Is out foi for better beter roads This covers the highway up UI to the mining proper properties In the tho hills his east Cast of ot the village Chairman S. S K elson wrote that fifty men and teams marched out and will wil not relinquish their efforts until they thc have a road good enough for an automobile from town up Santaquin canyon to the forest reserves reserves 4 NEW BOSTON-NEW YORK YORK COPPER MARKETS t Badger Brothers brokers ItO 10 S. S Main street furnish the thc following quotations received yesterday yes yes- yc over oel their private wire nire BOSTON 1 I CI II I. I I L. L I Cl Ci CI 1 1 l- l Arizona Commercial S Alaska 10 1 1 l 17 1 Superior 4 27 Z G Ca t A 60 61 61 l 61 l Chief Cu t It 1 Copper Clief na flange e 19 3 Ft 39 Val Vest 1 I SI k Bell nel 1 butte 5 10 1 4 10 Franklin 5 O 57 n drooL 20 11 Cananea 1 6 6 Hancock 1 Indiana 11 Isle o-le o 1 13 Lake e Cower Copper 6 6 Majestic 06 6 26 6 26 Mason 0 6 6 f 6 enda 81 1 eTala n. n In u 4 in 1 es Sl 2 unu 1 wv v. v Ohio Copper u 1301 21 51 t 4 I 0 Colon i. i 5 3 s Superior 10 2 23 2 Boston 2 superior 1 V. V S. S 1 36 36 j 6 Preferred 13 46 46 46 16 2 46 n 1 I M 84 SJ 8 S' S HOSTON STOCKS l 1 i 1 1 1 Majestic laJ ste 34 11 Boston Ely 4 1 0 I Va al 6 G. G 2 3 N. N loula Douglas 1 1 I 1 Cactus 4 I 6 0 I OLio OLlo 61 51 55 Cl lr Con 1 H 1 2 S S t Cn O lAO LlO 13 34 53 So Ile 3 4 I U Ialy 1 1 S Verde rde GJ 63 70 Ha F n. n Ii I 1 1 M. M I. I Utah pfd 0 mr 1 Witch G 6 Baltic ale 7 iI 0 H 14 15 S SEW V iE EW RANGE n. lh I. I I 11 14 I CI II 1 Stuwart 1 1 1 1 I 1 75 7 Buter Copper P i i 00 5 m Ily O 10 D 10 reen 1 GI a hills 4 9 91 9 la e 11 Ho itoc His 0 l. l 1 lat j b S 8 i 51 13 G 4 Ss 6 6 Mason 7 1 6 NEW NEV a YORK YOUK LISTED STOCKS il II 11 I. I I L. L I Ci 1 Utah Copper r i 43 44 l ei Copper 1 00 r St Nevada Con Consolidated COO IS it 1 Copper too c 1 5 H 3 Itay d SOO 1 li 1794 1 17 1 lIl Miami itt 10 0 1111 Inspiration roo 15 1 H 14 UI I I i 0 Sf J STOCK n. n I IA L I CI Copper r 6 U Agricultural 46 4 46 46 4 Beet Sugar Suu 2 6 me can Can oe so 30 2 30 0 91 me can Cu Car Foundry ZOO 43 f 42 43 American Cotton Oil Oi t t American ICe Securities P 21 21 Linseed 10 8 American 4 20 29 2 American Smelt Rd 61 referred 6 9 Sugar SUla Refining 10 10 1 American Ameria Tel Tel 1214 1 8 1 10 12 Tobacco 1 Co 1 33 33 21 l 33 Atchison 3 se 3 ss 6 Preferred t 1 Atlantic Coast Line Uno 1179 Gut Ohio 10 17 17 Bethlehem Steel 15 31 31 31 V t R Transit TranI l 54 W 87 87 Canadian 3 O 1 26 S IG I Central ran r 00 0 22 22 Chesapeake Ohio O 54 4 51 m 54 s CI Vestern 1 11 Chi ChI Mi 1 lIt St 10 Chi Colorado Fuel Iron c 10 29 1 Consolidate Gas Go 14 3 1 13 10 Corn Com Pro Products 10 10 Delaware hudson 15 tio Ornde IG rrell 6 Distillers l rJ 6 lt 1st preferred 3 21 1 General Electric tny Great pM pfd 60 1 14 11 Great io cUs 00 32 m. m 3 22 3 32 Illinois jt 10 11 13 1134 13 EO 1 57 li IS 15 1 isco 10 55 61 7 6 r. r 1 Sistine pfd 10 1 International International laper Pump mI 6 6 Kansas Kanu City Southern 30 2 27 Z 27 La Clede tty Gas lo 16 93 97 Valley fO HS' HS un ole Ij Louisville 31 I St. St P. P l. l S. S S S. S 31 10 13 11 1 Mn JIn s 10 20 20 Missouri Pacific 31 31 Biscuit h cult 31 3 1 tead 1 45 ut fr of I et 20 d pM pfd 11 1 11 In 11 New v C York COO 93 37 9 Y Ont 0 21 Western 0 11 4 10 10 Ill North orth American t S. S 63 6 63 G 68 Pacific SO 1074 10 10 iOl Pacific Mail 18 IS lal 30 13 1124 Gas Gos ice 10 11 1 11 12 P. P C C. C c. c St. St Louis t Pittsburgh Ii I Steel Cal Car Ca I. I Pr Pullman l Car Ca 15 Reading 1 o W 1601 l Iron Steel ItO 20 20 1 34 Irol 9 79 Ci- Ci o 1 16 16 16 nok Q 26 6 26 6 St. St L. L k S S. S P. P 24 pfd 6 61 Seaboard aMar Air Line Iloe 2 17 li U S. S Jn iron 24 t flo Pacific Lo 9 91 92 Southern 1 2 1 21 lr m 76 76 75 Tennessee So 29 28 21 i Texas reas Pacific SI 11 11 Union Pacific 11 11 forred 57 S1 i United l Stata 1 r United States Rubber U C CO 6 69 79 i United States Slates Steel 6 t 55 75 r. r Preferred 0 00 lO lw 15 ll t Utah Copper COper 1200 1 1200 0 43 43 4 1 V Chemical 21 Preferred 6 Western Maryland O 41 4 41 f 23 21 K Y Western Union fP 62 6 62 6 62 Westinghouse Electric I ICO 10 59 9 S 51 n nh Wheeling Lake Erie Ere u S h Total Ies Tor the day ba shares J. J NEW EW V lE YORK BASK BANK STATEMENT New W York July 19 The be The statement of or the tho itt act actual ual usi condition of clearing eluID bouse bonse banks and aDd trust trus companies ul for the th week shows that they the boltS bolt rr reserve ee In w of ot legal requirements This 1115 Is I an Sn Increase rea C of from last lut week Thc rhe Ile statement follows ACTUAL L CO CONDITION DrIO Loan Loans decrease Specie S. S increase 0 c Legal tenders UI decrease SM Net et deposits SS decrease 1 O Circulation increase flanks Banks cash reserve In to vault TUI G. G Trust companies cash cub reserve In vault TanH CO Aggregate ca cah h reserve AJ Excess lawful reserve reser-n. 07 00 Increase t Trust companies reserve with Ith clearing house bouse members carrying 23 21 per cent cash cah reserve Summary of or state te banks bank end and lid trust companies In Greater New l York riot not included In clearing clearinghouse house bouse statement lx Loans an OO decrease Specie S cle S decrease Legal tenders decrease e. e 1 9 CG Total deposits S decrease t 0 fhe The Financier l r says Fays The statement of lr f the clearing bou hou boue e hank banks of the thc elt city of New V York for the week ending Jul July 19 19 l was tJ considering the tb o ot of or the pi put six sic days rather favorable lI in character A gain Cain gainIn In cn 11 had been anticipated but any Increase In this Item arising from operations with Ith Interior I banks Willi offset b by the export of or gold to I Franco France The rho net lIlt result ull was us that the banks lot lost I IS S In specie le an and I Ca h. h A decrease of I 34 in loans was wu not Dot surprising owing t tl stagnant stock market conditIons condition and th the repa re- re pa payment ment pf If t maturing maturlo July obligations The Thc week I was 8 marked al o al-o o b by hI- hIthe the offering of sonic some of the thc foreign credits In the tile shape of finance bills In this market SD and AD to a certain extent this affected affected af at af- af thc the statement Net deposits decrease 1 by reason of or loan and cash shrinkage 0 and aDd us as this lessened leaned reserve liability the net for fol the w week was wu noted In an increase of 1400 lii In surplus tim the thc present excess chose tb the th 23 21 p per r cent vent required minimum at 0 0 LI LIVE LIT T STOCK M nl MARKETS I ChI Chicago July s 19 s Receipts market market mar mu ket slow low steady teady to a 0 shade higher Bulk of sales Rales O light heavy beavy ll STr Si U mixed S rough S. S JO O pl piS S. S rc Receipts OO market steady jl f l Texas n steers SOO western steers 7 15 SO 20 and end feeders fC cowand cows cow and heifers calve ill slow and weak l Sheep Shee Receipt market Native sheep 4 western 10 yearlings lambs native GOO OO western 6 00 I Kansas City CUt Mo July nos ll s 1500 market stron strong Bulk of sales fales j heavy heaT 9 20 packers and butchers butcher 91 9 light pig pl s. s Cattle Receipt Cattle Receipt 1300 1500 market steady Prime fed steers dres ed bert st steers rs 7 western steers S steers 1 O cow cow 01 heifer stockers and feeders feeder bull bulls 4 0 calve O Sheep Sheep Sheep-No No o receipts market I steady I co I Lambs Larob 17 yearlings yearling 1 Sro ewes South Omaha lul July luly 13 n 1 Cattle Cattle Receipts M 70 market steady Native steers cows and heifer If l fi western tt steers u r n and V- V t. t JO caire IT llo s shippers bleher packers lower IO lIght 8 pigs pig G. G oOt SOO hulk bulk of sales S. S Sheen Sheep Receipts market maret steady 1 Year Yur earline ear ear- line hug 1 lambs 7 00 COO 0 iii O. O itcY MARKET nl ET New C York July 13 Money lone Money on Oil call nominal no M loan Time rime loans steady Sixty days Y per cent ninety ca dais I. I 5 S Siler per leer cent centi six mouths 66 6 t. t per ier cent mercantile paper 8 t per cent Sterling exchange O firm with I actual business in bills tills at III fur for sixty day day bills and at for demand Commercial 1111 Mexican dollars 47 41 Government oT bonds beaT J Railroad bonds bonda stull steady I BUTTER AND EGGl EGGS EGG New Kew York Jol 13 1 Butter Butter nutter steady and aDd un changed ed Receipts I tub tubs n Receipts Receipt 2555 2157 c Cheese c steady anti unchanged boxes 0 o exports and unchanged Receipts Receipt Eg Krs Js s steady CU cases I. I Chicago July Bolter 1 unchanged Eggs s unchanged Ue O. O METAI tECI tEC I. I MARKETS I New e York Tork 1 The U. metal markets were lull dull nil and practically nominal Lake Lak cor copper r. r 4 S electrolytic 14 flUm i cast coat In inca 15 U. U troll Iron Irregular No Xo 1 southern m and No 1 I soft I. EI New l' l llor lor York Jul July 1 ID Itaw 19 Itaw sugar ue r steady Musco tUco ratio ado 67 61 al molasses S Kenned Ke He fined nned steady POTATO I o r rI I 0 U nl T. T Chicago Jill July 19 Potatoes Potato Receipts Re nt W 70 cart cars SIg T. T. T DilI Duluth Minn lInn July ID 13 li July 1 September lr r 15 October 1360 i No- No o. o r. r l. l asked l i. J. J GRAIN AND D PROVISIONS July Hope l'-Hope Hope that the thc spring ero crop would escape serious damage from rust took Increasing In ID creasing attention tl today and lowered the price of ot wheat The Thc market cl closed steady at Uc c to toc Uc c under last Jut night Corn finished bf 1 lc c c t to H I higher oats t. t up c to ic and provisions provision from c decline to an advance of ot weather northwest t made the wheat pit disposed Old to accept a cheerful view of field conditions The Thc fact tact that cables were firmer seemed to count for little as against statements that velvet chaff Wb wheat at wa was U already cut In So South Dakota and aad that the thc North Dakota harvest banest would b be In progress by AU August st 1 In 10 tills this connection sonic seine hUT heavy selling piling was done on the idea Mea that the threatened nt harm bonn from rust would be 00 eluded In good tood time nes 5 were wre moderate buyers at or wheat on the decline and helped lu cd the market to react a little from the 1 low 11 j 1 of or the thc ilay Late strength of f coarse osre grain wa was u a I factor actor In la checking chocking the wheat bara n the close Although rain and C cooler Oler r r If west t and southwest cased ur corn Irn al it first higher prIces price rule III in tin till nl It Jt was W lie held thAt the tue moisture was u not oot sufficiently i an-i I there was wu but little cha change chance le In let the thc bullish character r of or dispatches dis patches from the dl districts |