11 T i1t1j1l ii e It i

I J- I COMPANIES 1804 Jibes Low Clai NI TIltST COMPANIES TRlST Mid the benefit from the economies Intro CJbQl A ir BANKERS AND BROKERS TUB FINANCIAL SITUATION Sultt fit ill tnt C5iaIIgqIILOw Stiff tit ill tng u u uu vi- Steel Corpora 73- 134 f the operations of the R8 InGtN3d Bt M 9M 4 M MM 8H 100 Int Pump pf 72 72 + Sentiment within certain lines is all duo not yet begun to accrue The 188 KCFtS4M ll 80J4 80 MM + M tfW- 7 400 Iowa Central pf 40M 39 39 2 powerful in Wall Street and sentiment reasonable conclusion at present seems 3KQ PcHt B7 87 87 + V4 W 1- 850KanCSouthpf 874 364 304 Ill 7zmariCySoSJ TOH 9 200 pf 67 06M 864- 174 j fL there In now as ns a few weeks that as only one month of the current TOM 70 704 + i KC Ft Scott BARING MAGOUN CO I Ky Cent 4s 17M 7 7 + M 98 97 < lOOKnlcMceCo 9 9 9 3 and almost a few days ago It was colored- quarter hue elapsed It is too early for the 2 21 KIngs Co 4 7 8187 M 874 M- 500 Lake Erie 4 West 304 30 304 + AMERICA may prob- ¬ 107 107 I TOE CO OF optimism change opinions as to the 1 IO6 106 13618 109 TRUST at least with It formation of definite IO6 1O64 + Louis 4 Nashville 1i I Capta- I 1 15 Wall Street New York again as readily hut its present mood able results of the Corporations business In 2lLacksteerMD3W88 i tafi 93 US 8950 Manhattan 1454 1434 1434 is unmistakable It was pretty clear a the entire term even if the business of tho 1 LErleftWlatlUM 1M 1174 + 2 M 1 K 115 M- 570 Mel Street Ry 123 131 122 2 149 BroadWay New YorK liiiplus < I MM 700 90 89M 884 week ago that enthusiasm over the market first third of the period has been disap- ¬ ILKrle AW 2 11I2 113 112 + 1M112 MetSecurlll If i 1 LS4MSSM11WM100M tOO + 100ft 100 100 Met W S El I7M 17M 17M- + I chilled The upon the pointing 131 74 NORTHWEST1 CORNER LIBERTY STREET Foreign Exchange- had become advent 10 Le 4 W 4M 103 IOIM 101 + M 101 100 5S70 Mexican Central i 12M I2M I gamblers easy use money which 10 129 121 125 r scene of the wild horde of stock The rates for the of L Ml ten t 10Q 1004 IOOM + M IOOM 1COM Mlchlran Central I2S Sfaansfer- Letters of Credit whoso monstrous excesses a year and- have been the backbone of the strength I L N 100 100 M 10 M 10- 100 Minn 4 St I pf 03 03 93 m Capital Surplus and Undivided Profits 57485038 a half ago are still fresh in mind of the stock market for four months stilt 0t L 4 N 41 WM MM M WM O- 4070 MSIP4SS M 00 04 MI- 2 pepft recel- F Securities S403L4N Mon 9 COO MSIP4S SMpfl204 124M 12SM 74 I Investment genuine public continue But position Is not put to flight whatever the credit ItO Mo 18H 17M 234 Allows interest on Daily Balances subject to check and on I colts W Mi M + l 82 Ton IM i interest In the market had been excited what it was Time money is quotably 20 pr 42M SOU 39 3Mann4s IMtf 103J4 103K KWJi 1M Mo Kan Tox 21 Certificates of Deposit It j Bought and Sold although whether or not the market had higher and we are nearing a time when I BetEl 1st IDS 108 lOS + 108 lon 70344 Missouri Pacific B5M 83M MM J Consols English 10 Met Os 82 82 M 89 M 100 Morris EMCX 185 184 18- + 834 not been already advanced as far as it local lank reserves reach their maximum S n rt 81 83M 4 Committee Executor Guardian J 117 117 + 2 Acts as Trustee Receiver would go is a doubtful question Tho cam- ¬ and begin to decrease The experience of 25 MexC4M 837 85M MH IfM l 1150NahChat4StL117 La 31 Mex C 70 09 ID IM 7IM 1150 Nat Biscuit 40 S8M 40 + 31 Fiscal Agent Agents and Attorneys been- conn j 074 Administrator Assignee Registrar Transfer and fr paign of these Western speculators has last year when the surplus reserves of the 10 I4 490 103 102M 1024- 34 I v BARING BROThERS A CO Ltd London MCI C la tine IS W lJj lM M I6 Nat Biscuit pf James KIDDER 1BADOOY CO Iloston a failure and the general Impression at Clearing House banks after mounting to IS Mez C 3d Ino 9 OU O 9 M 7M- IM Nat Lead IOJ4 15M Wi 14 tho close of the week was that they had 27880775 on Jan 31 fell to little more 2SMIIOMlat4a88M HI vSBMHIM SSJ87M lot Nat Lead pf 80M 80 0iS- 54 OFFICERS M L OONai E S 83 83 83 6 on a good many more stocks than titan half a million dollars by the middle- 5 S W UI128M t28 I28 W 128 128 pf + P WILLIAM BARROUR Vlc Fr < f hand S I ASBRd FITCH President i 3jtor 1 M St L M M H M 700 NatRRof Mex pf M M 38M WILLIAM II lKUPP VlcePres H S IIANK1NU VlcrPrtiA- n they found pleasant or desirable Ort of March will not It Is to be be USi 1IM Iob aker- Irfj- i 88 97 Ii07 MM 97 500 NatRRof Mel pf 20M Mi 20M 34 RAYMOND J CHATRY Sec1 LI1BRT L HAMSTER lees alerts is is now repeated Yet hop MintsL4 101 thing that certain that they are loon the 15 MoKnn4T4s 08 87M B7Ji X B8H BOM 310 New Jersey Cen IOIM lOt wgid7 Dirw- now 1420 118M left to ruminate upon tho advantages of should serve as a useful lesson 40 MoKanT 21 1 COM BOM 81 7 New York II9M I iyededd cmwJ- I character as a tock market asset They and the warning is not lessened by reflec- ¬ 27 MK4TofTilOOM tOO U I00 W 730 NY Cot 4 St L 32 30 3- DIRECTORS Duke M1 03M 0- a60 J cir- ¬ expanded 31 W M 08M 09WNYChlAStL2pfOO It T2afI Dick Robinson have learned that except under rare tion concerning the enormously MK4Texta801 > 31 lush 9 MoPocconltOJ < 118K HIM + H HWi I18 M 53MKY NH4H1BO 195 i 198M Aihbel P Fitch James U Donald James Campbell George Blumrothal and only temporarily loan account banking Institutions 60- > H H Frank Jay Gould cumstances then of our 20 MoPacBflIB17107 108M 107 104T silos Norfolk 4 Western 02 89 William Uarbour JOM Redmond J07 fl H S Manning Crocker liegeman William A Clark 31- BANKERS people in stock which reached much highest OSSO Co 80 BOM 87 JnoR I will not follow as leaders the has the 3 Mor 4 Es M 12BM 12 M I28M 129M North American I A George C John W P qi lstl2 Samuel Maiwell- Edward C Schaefer 0vibtIAs market those who are and never have been total on record This expansion has 2 NCStL l t120M I20M 120M + M I20M 120 84470 Ontario 4 Western 2IM 22 23 Ii Myroe T Herrlck S C T Dodd C I Hudson Edwin Gould I ¬ ben 133 07 07M- + 14 Philip Lehman William II Transact i general bank- anything but plungers buying stocks right aided no doubt by the transfer of IS K Y C deb taNBK 102 10I + X 103H 1 M Pacific 2d pt 07M Emerson UcUlllln Joel F Freeman I ¬ Cut 27 214 L- as 88 N Y Cen 08 B7M M40 Pacific 30M 27M Ih ing business act Fis and left as they would bet miscellaneously from trust companies to banks on account 3M 88U 88 B8H i ca Agents for municipali- ¬ 8 C s rag 08 98 98 5 2781 Pennsylvania R R123M 120 120U 19 S on runners in race field and making no of the prevailing low level of interest rates > D MOM 102M 09T + ties ities a S4 NYCLS 3M1 N NU 8 f Peoples Can I00l Poti ar pretence of taking any permanent inter- ¬ But the fundamental reason for the en- ¬ 3 NYCMCSMs M 80 80 I 60 100 PeorIa 4 Eastern 22 23 22 4 Dealers in Government + 0 ¬ I C C L 04M 04H MM- I 1 municipal railroad and est In the securities whose price they are largement of these loans has been borrow NYC SO 4al03H 103H 10JX N 104 103 Ito Pits 4 St keep = ing by corporations When time comes 17 N Y Gu El L 7SI3 Steel Car 33 29 31 to other securities endeavoring to raise Toa certain extent the 71M I H 4s P Is 10814 108M10 M H 108N 107 1234 Pre dSt eICar pf 72M 71 as come must before April 1 when the of course tho description given is that of it 22 N Y 230 Pullman P Car Co218 2I7M 217M- wit I lax El L count usual spring of cash 1MO 227 < 227i 4 SO Broad St Real Est Tr BIcSg all whose concern in the stock market is diminution bank here H A P 4e 83K SK M M MM 83 Railway Steel Spg 23M silo 54 purely speculative but ho who assumes forces a contraction in bank loans It will 1 N Y L 4 V 310 Hy Steel Sprlnjpf 70M 70M 70M euppIflEpUITABLEr I NEW YORK PHILADELPHIA unless history be const 5 114 < 114M 114M + 1H 1I4M II4 7115 Republic Steel 84 74 74 Hi 1j11 to be a market leader must be a man reverses itself the stock 4 Special- 6 N Y L W M tOOK 100 < iCO + H 100H 100W 8170 Republic Steel pf 49 44M 44j t I who knows and carofl something about market and not the corporation loan 5 NVOW4S102M 102 10JM + M 1 W 102i 108770 Reading 48 454 454 > values some elementary convictions will yield to the pressure 80 of dep has 183 Nor 4 W 4s 88 87 874 > U 88 8 Vi 603 Reading 1st pf 81 80 t which 24 D0 1700 82 61 12 regarding the growth of tho railroad deserves and demands study is tho NW Poca4a80M SOH < t M 88 Reading 2d pf COMPANY and mat r 1 31 114 TRUST system or property which is the effect upon the money market that will N Carolina 4S10JH 1WM 03H 103W 103i- 114145 Rock Island 26 244 other 2 immediate object of his attention and be caused by the Panama Canal payment 1SJ North Pac 45lOSJj 10 < I03U M 103W lOHi- 17651 Rock Island pf 674 834 644 Special TOWER SHERWOOD M XorthPacS 73 72 73 125 R W 131 131 I31 + s enters stock something- which as now seems likely will bo male 73 + H 70 the market for 13 OrRy4Nv4i 100 100 100 + Vi 100U B H 11000 Rubber Goods 22 204 21 in thirty days been fre- ¬ 587 70 14 YORK clients about It has 2 i- more than a turn Otherwise in nine OrShortLa3124 121 134 4j 124 12 Rubber Goods pf 794 784 OF NEW cases out of ten ho is one who in recom- ¬ quently stated that preparation had been i OrStlortLtellS 112 111 i 113 111 1761 ld 39 37 384 Brokers 54 15 NASSAU STREET EQUITABLE BUILDING investmen- Bankers and made to accomplish all without dis- ¬ 333 OrShort L is 86H 84j 8iS + M MH IN 200 SlOMShcfflcldpf 794 784 794 + mending people to buy stocks la trying this I money 6 Pac Coast lstlMH 10AM I0 l i < 105 4100 StL4SFran5d pf 494 474 48 p I to get them to buy stocks from him It turbing the market in the slightest i 162- 5 f Member ot New York StoqltEichanrt 7 Pena 109 10SW 10US4 109 10S 2tt 158 I i HtL4SFCEctfl62 TRUSTEES Alvio TRUSTEES TlTIfiA- is not always such a perception- but there never has been any revelation 89 8 < U- 278T 16 144- I T I that clear PenncvSljs i MVt 8 M + 86Ji StLoulsSoWstn 144 ames H Hyde Kwh J V Alexander i Bank Building New York- of the truth obtains In Wall Street as is as to how this very gratifying result was I Pcns c4Atl itll6 116 115 + 4 111 115 S900 St LouIlSoWpf 314 34 34 2i II C Demlnr- V Snyder i I Hanover Otto In 12i B 87 Oil < 134120 Southern PacIfIc 50 M 174 K H Harrlman H Hyde NDTR1 the case today and in it lies the reason to be achieved There are fact only ProrUABUt + M 85j 524 James James Henry SmltH 4 t Wire to Boston 20 04 W 00 35775 Southern Railway S3 4 2W 224 H H C KrlcU AND I Direct Prlt ways in which can be done Peorta4Elnc M U VlcePrealdenl Ceo H Squire i for the defeat In which tho Western crowd- three it First 4i 134 C D 1 PCCijtL4 s 147H Southern IVway pf 85H 834 84 Alexander Bradlth SURPLUS J SHERWOOD by a withdrawal of the whole sum required William II McIntyre L L CHI ple- C Aimiun u is now involved Exactly in line with the H < 100 S R B2 92 02 + I William Alexander rA IM 10 J< 1M < + 4 IWi 10 i M4Oftfs Br I 1 T H Hubbard VlccPrtildent AlvIn W Error 146 CLARKSOV nUNYOV JR affecting from the money in the Treasury vaults 1 980 nope 174 54 foregoing as an adverse influence PCXiStMWa- Stand 4 T 14 mare U Tarbell M Hartley 38 114 Ren- I I t1 DAVID IVKS UVCKiE the stock market has been tho orgy on the proper secondly by confining the whole iterD 111 Illij HIM + l HIM 109W 1835 TennCoal4Iron 41 384 John F Dryden F W Fulle H M Alexander 17 100 2 4 T Ue Wilt N M Inman exchanges which the price of transaction to the exchange market and 189 Headeen41 0 4 DOM 8 + M Wi 84H- Texas Land Trust 584 2Hi Cutler Sec and Treas cotton in i 26 < 1 H Mortal If R Vlntbroi II HloRUcsUs MJ < 80 < 74 97 94 15100 Texas Pacific 57W 284 III Manufrs Brand I the Southern staple has been forced to thirdly by getting our prospect lye creditors MJi Lawrence L Gllleiple Lyman RhoideJ Jr II II Jr I 3 4 1271 Tblrd Av R R 1224 1W 4 1204 Hi I TOWER GIDDINGS CO oUr 85y HUj 8H5 8J 83t Clarence H W II Pore preposterous heights The cotton mar- ¬ to take our securities instead of money 22 22 22 AMt Secretary I 10 Stl I Mt 55113 112M J12H ill 111V 100 Tol Railways William H Baldwin Jr C F Adams 24 11 William C M i Boston- seen many furious days The difficulties in the way of any one of 101 St 1 Mt 45 R 84M 4 850 V 284 274 274- 2 Mr an Home H M Walker John Hall 105 Devonshire Street ket has but 14 MM M TolStL M M I SS 4 74 Chauncey pew Edward HoUJi- was any wilder speculation in these methods are plain at a glance The I 1 L 1 gen 124 124M154M I I 124i 12- OOTolStL4Wpf W4 384 v I AMI Treasurer L Bowling Iii then never 2 F Lore- t cash is 3156SlL4NKfdi H4 83X 83 84 MM 1831 Twin City H T 034 924 924 ESTABLISHED 1832 the article than Is now in progress Xo balance in tho Treasury proper so i t I SI I ft H KU iH < 1V4M 104 J< + i 10414 104 Vj 223 Union Hag 4 P pf 50 j 504 50i1- 24 26 BROA reasonable man pretends that 16Va cents small that the withdrawal of 50000000 80 74 11 HtL8WI1t 84 B3H 81fi 94 02U 3M70 Ii nlon Pacific 2 N4 eSolfcits Deposits of Individuals which from it would practically wipe it out re ¬ pf 91 + and Corporations I for cotton represents the price at 2 NtLSVd 70 70 70 i 70 73i 4o Union Pacific Oli 904 h ± 4 quiring its replenishment of course by 075 < S too InlouUy Inv 114 1D4- I the commodity will pass into consumption StlSWconls 74M 73 7Si 74H 70 ll4 Interest Daily Balances 2500- VermilyeCo 4 j- Ti on t upltal i < KOH Id price moment means of similar withdrawals of funds 2 StlftIul2dl08U ICIJtlOSU S lM1 107 i tTnloultylnvpf 47j The of cotton for tho simply i oo 7 r 1I ¬ I StPM4M4M lOaH 108 + 14 107 rSCaat Iron Pipe 84 f Ii command from the Government depositories through- I09H i I08i S BANKERS what those in of the market 5 225 14 44 H 2 ex- ¬ HtlMiMM- ISC IPpf CAPITAL 3000003 SURPLUS I EDWIN GOULD choose to make it They can only maintain- out the country Foreign exchange 410 V S Hxpreis 110 110 110 8500003 h NEW YORK BOSTON ex4 101 101 < 101U 14 101i 100 U TA li 7 4 by buying and if they perts say that the desired remittance could 33 SA4AIasi4s 80 so Ml M 70 20927 It 4 Con 04 j 8 r i BALTIMORE it constant have Wi rS EOHAS PABHS1- not be made through foreign exchange I 47344 II Con pf 584 524 1474 + 94 money enough to buy the two or two and the SavF4VMtll2H 1I2H II2H 1I2M 1I2H fH l N HILTO a I 7 < 774 15 I J A If In U S 10 I > 96 90 17950 S Leather 84 e + 1 Dealers Covernment Bonds half millions of bales of cotton market without keeping exchange for a SrahdALs 86M 004 BOJi i s e WIIAIAMM tA- and a > 8315 U S pf- 71 i 781- 14 t other Investment Securities 27 ScabS A I 4 07M M + 70Vj OR Leather 1 I and long period at the gold export point and h li il 1 yet to come forward they can put the article 6 loo 2 too KM 8SIO VS Rubber 4I4i 134 g i List of Current is very gold sosbftsoimioo iuo furnished 30 pound if that it doubtful if exports IOS IOS > I03 I03M- 5485 Rubber pf- 544 50J- 5 + 3 S to 20 or cents a they choose 0 SC4GaUt i 1MH U fS ProtectT- Ch P rmslrO jI t upon application could be t HI430 S Steel Hi Does Title Insurance So far the source of the enormous money under any circumstances avoided B SPOsArlzl008103j 10Ji 10SJ4 + U lORU 10- f I2i 10t lTi Prank Braliurd i i ¬ 254825 I S pf MTi 43 Deposits received and Intereot al which this great movement- The idea of asking the French Panama Canal H Sou Pac 4ji 884 W 99 U 07K Steel 034 Robert C Clown supplies with 9i 11033 Va Car Chem 3H 1124 3754 + iI iI on Balances subject to- stockholders to toke our securities instead 10 Sou Par 4s 80 tt M Bi U 90 87t4 FIDELITY COMPANY Edmund C Con veit has bttm carried on remains a mystery 150 VaCaro ChcmpflOfllj Idfl lOflli J r of TRUST Is Wm NeLson t2rornw I Draft S50 Soultyi M3ii IIS 111 I 1I4 11- he W at sight of money appear In fact it 21 201 f I 7125 Wabasli 20j I M it Nevertheless every one knows what the chimerical 140SKyM4U45 95 4U S t 85 83 ft i Oreovlllc Dodfc- i 41 It defends at its own expense those whom it insures from i Members of the New York and Eos IMJ does not now matter can > 41210 pi Slii- 114 end must Sooner or later there must 2 K Ily St L 41 84 j 84 84 j i H 84M y Wabuh Wi C- Albbel P Fitch 173 IOOM 107 II ton Stock Exchanges upon < 47 38M Weitln houie 554 Gould be a mighty crash If the pre ent specu- ¬ be consummated without calling the IS StanI 4TAi 45 45 + 371 47 33 all undiscovered and undlscovcrnble defects estates Edwin > 2914 WI1Telegraph K- 8814 i depository for considerable portion 77 StanR4Tlnc 4 3 S >j M l + Frank Jay Gould for the rise escape ruin the disaster banks a i i 4f i A 19 A lators 1 1SW AVUeellnit L E I8 i and incumbrances Including taxes assessments George Gould S TexftNOilOS 101 103 + 103 103 and of the public funds placed In their care Wheel IsO pf 49 52i2- will fall on sonic one else Wall Street 57 110 liov OJ < + M 0 > 1ISM 110 4 lE 52j + j John A Hilton Henry Clew B Clews John T4Plit6i i i > It Jamr n Clew This in itself will unsettle the money market 4V5 W pt 29 27 protects those for all time and even after I t Member N Y SlorV Ei Sitmbrr V V ItocU Ex has its own opinion as to the stability of 0 Tex 4 Pac2d 93 83 T H 83 jj- LK2d i 274 inured V Ba 20 20 1 I Member V Stwclc Sx > COM Wisconsin Central C P Holzdctber these speculators It has seen men before for a time DANIEL F KELLOO- MT4PIdlv5 I0 108 m 4 2 J10K IDS Wi I they have sold the prop 7010 ron Ctn pt 47 15 43 214 37 ThirdAv4j OJi B4i 84M M WU 9I- tip who believed they owned the cotton market Total sale of stocks 3149900 jb rcs- II OFIXAXCIAL COMMEIICIAL B 87I 87 < sIb 7 CC Henry Clews Co and tho coffee market and whose course AD TIeo4W4i 87i h L 17 TSIL4W4S 72 4 7IM 72 73M 71 RAILROAD AND OTHER j little time under this hallucination- BOND S ISxUhldend hts h IIANKFItS for a TSIL4WSMS 8SH 83 8S + 2 834 81 tKirl C V 11 13 ISAM 17 HHOAU ST was a great blaze of glory and it has seen lllglt Low Clai Xtt 1904 104 IPacific41I03 103i 103 54 10Si I00 THE A Orders Meutnl lor Investment or on rib tngCttt High Lnu OUTSIDE Co I MIn til I lj Vac 4 rcg lOJlj I03 103 < II 103M lOO i- TIlE MARKET Fidelity gentlemen Trust 1 by far the grener share of these alt Kx 113 103 103 102 OFW- Inlirnl illowid on depotltiubat to chck ta t Ji IW BM i Vac B8V < conv B7i 7t H 83U 05 j I A arrayed finally in very unmeteorio garb 5 UN KM KM Transactions In the market for the week were C Finan cia nlt for Corporation and Inveltori- AlbSlll7l108 Its I Un Pac cVr r 80K 80>i o M WM M1- I 1 1 1114- follows C j Cottrnmenl other HighGride Bonds boujht told Meanwhile Wall Street recognizes that the AmDkli 11114 HUi 112H MO m 79j < < M as i t t lli rnnsndg4ji 79N 754 Open lolL Capital Over AUG- and Surplus CC I S3 81 KItS 70 9000000 OKK1CKS- 8l i 1 Ilgh I J niUNUH upgoing and the downooming of the spfccu AmllLj Wi tJH tS4 r 107 107H 107 107U IO A U- RS r 107J SOars M3 8d Ave cor 57th St I Vfi dill ror SSth i Amspime w i A I 3 104 W fr 1 r St lation scatters danger on every side and It mi mi S coup lI84 107M + 101 107i 1776 American Can 415 4S Home Office Prudential Building C ILLlAU A NAS I M7 Bvay Mile Ex Uldj M Worib A Ann lot 4i 03j 93 93j H B3i 02 i aoTbomuS- i 78 41 I I ir teat rSMcelafS 72i 72M + H 75M t84- 1541 Am Can 37 5754 3414 3 V Ex IU Court St Brooklyn or the wiser portion of it stands until 3W p 4 115 ISO ION pld NEWARK NEW JERSEY t lHHudsonStHero aide AT S B4 + f DRlf M C Va ts Brown 100 Am Light and T r to w w 5 THO the performance is over 30 ATASF4srez100 9 100 04 100 Bfli f 8 R 8 S 7 75 iO Union County Agency 142 Brood Streot S Vle Presld < > Ilrs4Coctr IS Am Chicle pfd 78i C Neither were matters improved by 3 ATA S tad 41 M i M U 89J i j 90 flTJj I the 5 VaI04CSi 081 j MM + 70 M Am Sll Foundries 7i 274 ELIZABETH NEW JERSEY GEORGE t1 i 3 A T Sc S K ad Wi i 24 34 almost uniformly dlKcournging expression- 12 VnMldjcn Ill Ill 111 4 M Ill 110- Am SIt F pfd 32 32 3174 3174 C 41 KH MM SJM- Guarantees Titles to in of opinions concerning the iron and steel roi SJi 8i M Wabash 1st 116 IIJH I19M HO 114j- 700 AW Wrltg P 3 3 3 Real Estate Any Part of the j IIS A T S Full 3l C 1 Ij NWHALSEYCO o Wabaih2d lOVi lOt ton H 10 M 100i- 1250 Am Vrltir P pfd I24 12 State of New Jersey trade which were made during the week 4s td ROSJ sOt + U 8 tn l1l ll4 mi i 4 I7i8 VabdebierI188 B6 aa 4 < 08 01 18280 Iloy State Gas 732 14 732 732 by recognized authorities on the 231 tIC ltae4s 04 9Si MK U B4J4 L subject Ji 14 West Shore4i 109 10 j IMH 4 H 109 IMJi- 329 lIar Con Milk 23874 115 12554 o BANKERS is puzzled 157 B 41 103 10114 10154 103 I00 < 19 The layman to know 40 i U tSh4irejlOSH 108 io H + M IOH 10 < SO nor Con Mk pfd lOt Examina 27 II4O3141 15 841 BS MM 03lj lf1li 1074 think of the matter A little while ago r i 11 West UnM 107 107 107 I07 < 107 C Cop 89 fl 87 lioo llrltIah 34 34 34 BOKOl FOR INVEStMENT J l40SV3ljl 9 H 88N W U 4IS > we were told that the steel business was WeslUn4M l04 10SM I03 4 < 104 I01M IMO Bklyn Ferry 034 9 1 n A O P L K- 8i 1 p INTEREST ALLOWED ON DEPOSIT ACCOUNTS 6 Wh4LK1stll4 lIt 114 + IM 114 1I2M- 915 Dklyn U Gas rts 3074 8i I114 picking up that new orders were coming- WV41 tS M M to COLONIAL TRUST COMPAN I + 4 Wi U OM M 91 1f 4 Mutu FISCAL AGENTS FOR CITIES ANt CORPORATIONS Wh4LKcn4a Wi WJf + T- 1580 Una Gu 515 4 in and that the general outlook of the trade 2 ny7vAl tcnl13W 1I34 + M 1134 112 U- no Il3i OSIWIsCen4s j mu M 90 MM 538 Cent Foundry pfd 2234 22 1254 Building 222 i B Ilkn City 1st I07H I07H 107M + 1M 107H I07M- 1 St Paul Broadway New 43 was bright Now it said that all but a Total sales of bonds IllJttOOO 10 Cen R II T ass 3S0 11 S Dkn Ferry 6s M M 4 38 York 48 Wall St The Rookery MH M I j few branches of the trade are as depressed i Mi RAILROAD AND OTHIR IRAII1II- HMO Con Lake Sup I 54 I 5 BOCScnSMOO wo 100 4100 100 i FI3Ilad4bIa- any previous time HJ >1 Aoui Vd- 1350 Con Lnkn Sup pM a 1154 l74 Capital Surplus Undivided NEW YORK CHICAGO ns at that the new orders 11 IlltnRTrnnSs102 10174 103 103 101 Clo 44 flnl j en MI inu Chase IllS Cot OllandF pfd I 14 474 374 374 j in December and in the first part of last 32 Him I Kl tat 103 10251 I03W 100K 1200 AllisChalmerj 85 7 < M < DIVIDEN UpI 6i Cramp Shlpb lM4 2574 1St TIUST COMIAMKS month were to use a mining analogy n 12 IlknUias lst114 Lit + 4 114 1154 202WS AmalOs Copper HIM 47Tj 4S 2 Transacts a General Trust and Banking Business w- AM- 400 Elec Lead li I4 14 n S uuu 5 Ilnf K4P5sll 4 I15J4 1104 11914 no O43O Am Car F 21H I9 < U < pocket instead of a vein of new businqfw IH 1155 Elnc Vehicle 124 1174 II Allows Interest on Dally Balances IREEO a IIC I H 1st 102 103 102 103 1014- 3110 AmCar4Fpt 72 W < 70 ff1i that prices are being cut all along the line Hi 35 Elec Veh pfd 3574 11154 2514 PREFERRR IB Can So lot 103M 103 101 103 10314 9420 OU S2T < 11 81 A Quarterly illvl- Am Cotton 10 Gen Asphalt OFFICERS and the starting up of fur- ¬ l04 lO4 I05 31 I that the blast 32 Cent Ga cn 5110014 lOSJj 101 H 109 4 103H- TW Am Cotton Oil pf MM < 89M 101 1O7iN UAI PElt VN1BAL rrvBO W + M 3500 Gold Cop 74 Irrsldtnt 3H Hill ii 610 iF1Arllql 111t the preferred naces hiH only resulted in a piling up of Cen Ga 1st Inc 714 704 704 4 7U4 M- 275 Ani Express IBS S CORn TAPNN Ire Presidents sloe IK IQS 1503 C Cop 2254 22 nCIAIW S GI1OSSMAN 190 to 30 I Greene Ireasurer iilMLNl L pig iron stocks is said fflCrnOaJdlnc SU4 sn 32 284 3325 Am B 4 < IJ Jon secretary peas unsold It that the H4Lealher 4 U 29949 Greene C 2 ra I Me S IIAIICCK Olitcer- February 2 50 a 3d Inc 20 20 20 < l its pig producers Cra 20H 1100 Am tilde 4 L pf I8M lOJj 17j + U- 1111 from e o independent iron unable > 400 Hack Mead 24 Zt 224 TIIUSTEES rt 139 Cent Pac let 101H lON j 100 < + i IOIH 00 4 3WO 8 O will close at Am Ice BJJ X H- 81 21 Henry IlavrnieTer- llanlel to sell a proper quantity of their product 906 Havana Tob 3414 334 Onar Curd Meyer I > C Deswr- book ten A I TRUST COMPANY 8 Pac 34i 8S14 85i 85 j + 14 884 84 303A A nionR Flower Perrlvnl Kiihne ell Am Ice pf 33 31M 32 IHI- 150 pfd 43 4574 43 IVrry llrlmont O o Warren Smith at to the steel manufacturers are threatening- 21 1114 131 131 j 128 < Havana Tob lowell M r Frank I31M CO Am Linseed Oil 11 U II M E Curt T Wardwrll John S COMMO Chamber of Commerce Building 2 11 R N J 4 John llorne Henry N WhItney Irk rn to engage in steel production themselves Cent 07130 Am Locomotive S3 I8J 20J < H M Inmeii A + j Continued on Ninth Page Richard DeuaU Seth t Then W W will is Sirr l30Jj 13fl4 Iso + 314 1304 80- 5020 Am Loco pf 78 JIII lieo be on 5003 LiriKIUV ST JIEW YORK There a great overproduction of Southern 80U 714 + U Jeo Edward Ide lrd February 20 tie 17SCAO61 IllS l15 114 pig iron That much is clear anyway And- i lie i H H4 i 100 Am Malt 44 4M 4M < of husln- 8 CAOlUs I03T4 1034 103 U 104 103 700 Am Malt pf 21 < 20 20 NATIONAL HANKS lll fro Capital 200000000 a deep impression on the financial com- ¬ IM 4S COR4A11U01 101 101 4 W 101 904 35480 The tranSfifr boofc- I Am 8mrItln Slj 4874 494 + IS munity was undoubtedly made last week I C 4 944 41 U 944 iniary S 4 and Undivided Profits 735015056A- o1t2d 44 H4 944 0380 Am Smelting pI 844 II 9374 2 J CO- 2 + IWIi Sirplus largo 37C4AU31 83 82 4 83 4 H 83 CITYTRUST by the announcement that a quantity- 814 100 Am Sled Founpr 384 S84 S8VJ MERCHANTS 0 84 C4 Alt3Hi 77 M 77 8i interest on deposits subject to of heavy steel rails had been sold by a steel TBi 704 744 113200 Am Sugar 13IX 127 127 34 OF NEW YORK llows 12 MH l 108 Metropolitan Winslow company in country to railway In CBQdrbltt lON 610 Am Sugar pf 1264 I7A 12 4 + 174 Lanier check and transacts all Trust Company this a US 94 93 4 4 61 60J- CII4U4s 450 Am Tel Tel ISO IM 128 4 6 WALL STREET Is > 4 NATIONAL INnnts- Canada that n direct competitor of two 420Cntl > III34 92 l 93 > H 03 02 i business 34 200 Am Tobacco pf 1314 13 1M OFFICERS IS PAYABLE AT of our own transcontinental lines for 2 m ItS II81 1174 AFTElt FEB1 1TENRY MOnOENTHAU President 050 ChlKrtc lltllS 791 AmWoollen 114 104 104 14 128 I1IKS ROSS CURRAV 1rrMdent 1 American 1 lem price still I CILoutsI20t UflJi VXti 1U 1010 CO Cotton i a ton than the maintained to 104 Am Woollen pf 714 70 + 3H D Ii nvan J GRANT T STALLKXECHT- 2 C M P 4s tOO 10 109 BANK JOIN ClUJIMrvS Vlcrrresldent Ind Ian 4 St + iou 711 VlcePrea Sit Itt IItI- domestic consumers As the price included 1i 1034 1450 Anaconda 72 72 4I Company- it SIIELDOV 3d riceimdiA- Cleveland Akron 1 C M Sit PC- 220885 t CICVCICnd 1LtOi W B HILLS ERNEST EHRMANN delivery In Montreal it wan really 18 70H 1814 9J4 14 Tt KRY J a 4MR ItO 119 S 119 119 AtchT4S the City yorK RTIirR Serrrtary In Treasurer Secretary lit + 9421 Fe pf 82 9174 914 4 OF THE CITY OF NEW YORK of of lieu WALTER W A j ton or 10 less than list figures The popu ¬ 5 C M 4 St P C AT43 LEE st Secretary grant County Indl 1000 COlt Line LOS 110 + I 37 end 39 Wall Si Indians DIRECTOns lar inference was that this was IIS4 lift 114 Alan STATEMENT lIEU I1ST 1BS3- merely a IWislie lit 41 210557 8574 4 MM 4- Cleve 6 C M 4 St P- 4Q and MI lon Frederic P Olcott Frederic Cromwell prelude to a good round cut In of I420DAO pt 02 91 114 + H- Wall Street Capital Surplus 7000000 KKHOVKCFS Fl Way HUH 118H + 4 1I M JI8 < CAPITAL 2000000 SURPLUS 1325000 P City James Stlllmnn Wm II Molntyre steel rails to all buyers for how It was H4I7slUM 47320DRT 504 47 47 34 PBAYTON IVKS City bonds J1109TO 0 I C it St P President pork Anthony N Brady Michael Coleman 300 Union Gas 117 197 117 4 FOUNDED IS03 AMI OX A HAVKN 7 At 1025HTO03 asked could such a difference In the price- now Irk lrePres G sM8s iio i iiojj + H iio i now 100 Co 7 7 7 IIKVKHLV CHEW Srcnnit Other bonds and sociirltlen 1077M9 09- Grant County Ind Jam N Jarvle 0 Haven < VPrea to American and Canadian consumers be 7 C4Nwdbl909104 4 10fi 4 lo5 < 14 10614 IIKNMAMIN KTI10NH See At Jaraee H Post E W Coeeeshall 1044 ISO Canada Southern 074 A7U 674 14 OffICERS Jr market I077W9 12 C N W 99 99 99 4 99 9 IIKKTRAM CBirOEIl A sLit S c- Bonds and mortgages 4J4S1S 25 CITY D justified Tho rail question and this 4 14s 4 l 4 11470 Canadian Paclftc 120J4 1I7K lid TIN Augustus Jullilard Huvli J Grunt 731 C n I R R- 34 M G ll w r- CIlAHLKHIWKKIIJr Treasurer Bills 71Mi f Ne be most 4 P 15440 Ches Ohio 38 34 34 Robert President I Henry Havemeyer Ernest Ehrmann seems to the important question 4 4 4 54 II H- TIe directors of 0 toldte 8114 81M 82 I M 78 dbcrt A Drtnckerhor- VlcePreildenl- Overdrafts in business 2200 Chi 4 Alton 38j 3574 WJ4 DIRECTORS Loans on fl M Henry Moritcnthau the steel at present stands so ass 4a 71 14 Keyter collatcrnla 33SIB Wanei CRI4PRR 734 7IJ4 IK 74H MJ4 TWIlllmD T Caihler i lie learned 3485 Chi Alton pf 844 W 14- William U Rail E D Morcan ash In vnult and banks 274 0 far as cnn in this wise Tho 47 CR4PRy 4S tel 1024 1024 14 10 M 101 t Rained l 9 Campbell AjiUtant Cashier 0 payable on 2000Chl4N1weslernl70 < 167J4 Still 374- William Richard Mortimer Interest etc receivable M > railroads which derive profit I IM131 1S1 131 4 131 ItOH- D PI TIle t Eastern from CMPM + BBOO 19V4 Crawford Clark K Chi Gt Western 1754 16H 114 DIR1CTOXS John larson lIneN O on Co It 131 111 133 Henry H DeForest Henry C 1lS2t12jj NYSecurity Trust the freight tonnage of the steel companies- CStPMOcn 1304 210 C Ot W pf A 71 70JJ 71 + f Perkins at three oclock P 49 8J 7 82 7 b Flske M Pratt LIABILITIES j W can afford to pay more for rails can ChlTcrm4s i 784 4 34 i 300 C Gt W pf D 29 1 29 30 John A Stewart Chairman of Board R Feb than the 1 U Charles Henderion Anton A Karen Capital l000noo CIt Oil U Sa 1O4 IMM 1WM + 104H 10314 V S AIldllldenj check Western lines they are ns H 200 C Gt W deb 83 85 85 74 Trait Co Robert line Norman II Ream ioonox 01- 4 WALL STREET NEW YORK therefore a rule- 6 C I 1st lot 101 101 I 101 101 William II StLC + 92803 C tIll A St Paul I47J< 144I I44H 2J- < Elbert A Brlnckurhoff- CapItalist nollliterl- John Undivided o 765 St- r making no great protest over the 28 a ton 57 97 B7 97 I < + M 97 s- lrayton lye William Schail At CCCSLi 25M Chi Terminal 13 10M l j H Chai Stewart Smith Merchant K Jr market e SOO CAPITAL 51000000 price The demand for a reduction In C C C ft St L- Mnrrtt Inao J Edward Simmons 0r00n 117S2 < II ORION conies 7028 Chi Terminal pf 2SM 3V 33M Gusts H Schwab Oelrlchs Co Edward n Judson W Simpson 101 John Cheeks 0 West and StT4i tOt 101 41 101 100 2flOO Donald Mackaj Vermllje Co LewUCaM Lrdyard 5700M 44 from the tho railmakors med Cbl Union TrM 0 S 5 + If- ft Francis S Nmtlhera M- ahoy SURPLUS 4000000 1 C C L- ItoHorTed for SaXON Moon C 4 St CO Robert Mnallawajr Robert II T on it by asking how big an order will bo given- Chi Un Trao pt 31 80 80 2 Preildent Bradley ntcreut l n- ore 99 KB 99 Martin K R Thomas etc payable at CHARLES S FAIRCHILD In NtMarct 99 882 4 St Louis tffii 7JM 78i IM Charlie D Dicker A Co II O theQran to them if a reduction tho price of the 7 I 1W > CCC roW Ceo henry Warren S 62 0 lIen ti 984 98 99 97 9220 Col 34M George Sherman Co Y President Fuel 4Iron SOi r H VP Trait S rails i granted In words 31 C F I 73 19 li other the United eon 73J4 M OK Prej Gorham Cou OSBORN n BRIGHT ViceFret ali + 34 100 Col Fuel 4 Iron pf OS 65 US Edwardnolbrook- tilt Co BEOAN nUSIXESS MAnCH IBfli s on I > and after States Steel Corporation and 33 C F 4 cv ct1 73 7 4 73 > < 4 72M 11 14 K Eldredg Lewis A Co ° Mon L CARROLL ROOT Rd VlcePrert- the other + 734 10101 Col ft C 41 10U It + IM- Onli Eldredfe I eion Short 73 Col So 41 89 >4 + I 87 Joseph W ALEXANDEHS WEBB JR Secretary largo producers put themselves in the posi- 894 884 894 48SO Col Southern 1874 18 18 M- Harriman Ilanlman Company FRBDER- I 111 119 4 119 110 I C4MlhAvM119 + 123S Col B M 7 7ELAH VAN LOAN Mat Secretary t of a man who has a house to sell Find- ¬ South Ut pf M 737 Cons 4s 01J4 S9 6o J < I JAMES E KEEIEIt 3d Ant Serif rob IN H 1900 ColSouth2dpf 27J < 3 M 25M 2 1ORTIIEUN ing no bidder at his price he does not offer 23 Ual4Waci 103 102 102 103 1102 4 84 SSO CommercialCable180 IM 180 5 0KERB00- i There TRUSTEES his house at lower and lower prices I > OD for that I4HPa dlv137M 137U 1374 t U7 137M 13125 Consolidated Ou 1B M IMW 1W< 2 < ORIGINAL CHARTER HSU ENPI I LCd haelt I I L W 1125 Stock ot would destroy his market He waits 4 711134 1124 I12H 1124 1504 ContinentalTobpflOTM 100 100 Si11usi a this Charles S Fairchild Frank W Stearns until 3 Cap 18 IJARG tm Sji1034 1034 1034 4 W 1034 103 D Homo one comes with an offer that seems 189 Corn ProducH 22H 20M 20- < 14 v s James J Hill Edmund Randolph 28 D H O 4S 9H4 M 4 4 98V4 Capital and TRUST tranaf then accepts it 4 084 07M 1Hi Com Products pf 74M 72 7JK HJ THE Surplus 1000000 00 l 1aflUaty Rib o G Nelson George W fair and Tho steel rail 14 ta BO B8 < e Stuart DtCltOos 984 004 4 9- 938 4 Hudson 108 IOOH UOi + M 8d 1004 Hudson Hoagland M question will probably lie solved in some 0n DldtS Corp M B 4 117 ra Del NEW YORK rar Hyatt Slti H MH 1400 Lack 4 Weal273 373K 272M M CALLATIN 3SS I 88 Wall Street New York City FIFTH AVE James Norman B Ream such way OH this Consideration must on Iiil4IR1ilslllK IUK HIM + M 1114 1104- 3450 Den 4 nio Grande 21 IM 21 J< H <1 UHOAOWAV1- i 4 It DuSoSftAt SI11 1 74 < 73 DO 1TEST STREET M C D Borden Charles M Schwab the other hand be given to the amount of lit lit IH in 2910 D 4 Rio Or pf 72 2 NATIONAL BANK- laiTII Ti SEW 11 11114 < 118 3D A > E I4M1I STREET TOll John G McCulloughJohn S Phipps- genuine need for steel rails ETV40cn8sll8i 1I8 I17M 125 Den 4 Souwn pf 2M 3M I iMUes certificate of deposit o that exists 1 < ti OF THE CITY OF NEW YORK bearing Interest ETV40dlvBill3W 1I3X 113 t II3 < 310 Des M D 23 >j- tile B Frank There those who III 4 F 2SW 23M 14 at special rates FIrst I are aesert that the demand 22 Erie 13454 133 13274 JSO ny 07 01 I 1stronI35 + i 1334 Detroit United 01 3M 14 John W Sterling Woodbury Langdon Bg CAPITAL ett wi b for rails should be much less this year than 9 Erie pr lien 4s W4 98 87- < 11 < 11000000 alt A W 984 vIe Detroit Southern MM ll 3H CHARLES T BARNEY President OCce or T8C John Osborn account M 41 88J < 8 + 88 84 4500 29M 37 SURPLUS AND PROFITS t Pany usual on of tho heavy expenditures Ere ra len i MH i Detroit South pf MH M EirnliX 3160000 LEROY W BALDWIN L V P o James A Blair E Parmalee Prentice 78 President FREDK ELDRIDOE 1st ICeiar for the purpose In tho last two seasons 2170 DistillersSecur 35 < 35 23 IK DUNCAN D PAUMLY T BROWN 2nd V P lEO and 92 > VlceIrcildent JOSEPH eom I ax col 4l 93V4 j 93 < 4 Ji 934 8M4 20 I0 < BM BM l M Thla authorized to act Executor they declare reason DulS34A OFFIOERS II JULIAN M GERARD 3rd V P 7 that thereat for tho lack 18 FtW 1 DC tstIOSl4 104 lOS I 10J COlic Treasurer THE HKXIC Truatee Administrator Uuardlan rent Ilecelrer + 102M 1310 DulSS4Apf 10M 14W I4 i SAMUEL WOOLVEHTON Praaldtnt B L V P RtfUtrir and Transfer Accnt of railroad orders in this direction is that 5 FtW 4 no 74 74 74 I 74 71 SOI40 39 DIRECTOnS ALlEN itli COM lit + Erie 37M 374 lj1- ALEXANDER n STEVENS VlcfPraldntO- KING See Treat railway needs have been already largely 1 OlHrASA Id10014 IOOH 73S7 Erie OBIf MM LeRoy W Baldwin Receives deposit subject to checli Inter- ¬ lOU 10041004 lit pf MM H EOROK E LEWIS Thos Jf McCauley J MLEAN WALTON AMt I allowlnt I 8854 8 Cuhlr r I 44 021 est on dally t Unc satisfied Naturally under the circum- ¬ GenFlec 3Ms 41J4 68H 884 7078 3d pt 49 < 474 47H J4 HOWELL T HANSON lraLeo rr l I IIonrl Ere Anlitant Cashier Archer Drown Wm K HARRIS A DUNN A t Treasurer Ii 6 GlUV04NI tlOS4 10SH 10514 + l4 1 M 10- 300 Ter M Nichols 1 stances there fa much talk as to the probabil- ¬ 864 084 + Iii Sllw W Hurt Adolph t aid Trist Counnany- SlOBOIiaWdebD 14 > 14 1IM + W 14 l M tOO Amos TRUST DEPARTHENT FINANCIAL- ities of continuance of 7 i nWDC I 534 MH U4 + 4 DIRECTORS n Carver I 1armly f7 lit the the full per cent a HockVal 449105 101 lOS 105 4W7 GOT F WILLIAM B ftANDALL Trust Offie- I03J4 Electric 177H 170 1704 7 ADRIAN I LIN Jr HENRY I BARBE- KlnisburyCurlh William II dividend upon Cor- ¬ 113 Pat the United States Steel I HTzOondlU 113 113 TOO 75 Jr Walter Ktwcn wHARLEH BRANCH I The stock of the GEORGE A TREAD Mill UocklncVkller n 764 H YTHtaUS DENNY W EMLSN ROOSEVELT II II HarrUon poration 14 0 U1111 Sit 111 M HIM ItO 1122 HockIng pf 83 M trtd Talrot NITEl B- In the last quar- H4T + Valler Si 14 FREDERIC W A C M H lns rlk W F LEWIS r I WELL MINING COMPANY 27 William 93 STEVENS CHAS PEABOOY Henry madre prefer H4TxCen44 93 93 93 90 4 17080 Illlnola Cent rat 1144 1334 1 1 llobt Cotipons Street New York is considered by many ter the of the dividend to ALEXANDER H STEVENS SAMUEL WOOLVERTON Eennln Van BRONX BRANCH j clue re a HudOoGu MM 10 JOS + t 106 leo 6180 14 194 + M John C Kelly Oiwald O VlllarJ conwnrativv beet theperiod was not earned but the quartan Intpp it Manuel JOHN BAMBEY 2 IRCn 4 UMIOJ 103 101 + < 103 103 1065 IntPap rpf 67M 86 Lope John R Walsa ManaRer 1iST4lu1- now offered on the mark was regarded as an exceptionally bad one 6641 MUtes J Warner I 5 16 Jcaam + S 100 Int Pump 17 37 17 + I Ilfl8lt l I S i

e e 1 n