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THE EEPUBLIC: SATURDAY, MARCH 7, 1903. '
- r-2. "-jwv" fryfr'
W. H. LER President. GEO. K. IIOFTFMAN. Chler.
D. K. FKa.SCIS. U President. R. T. STURGEON Ass 't Caahijr.
A. L. SHAPLE1GU. 24 Vies Pruldeat, I). A. PHILLIPS. Id Aas't Culler.
The Merchants-Laclede National Bank
OF ST. LOUIS.
Condensed Statement of Condition at Close of Business, February 6, 1903.
RESOURCES. , rr,,TO.,
Cash and SIcbt Exchange 5 ..,-
Loans Payable on Demand $2,7G3,0S5.G7
at Flied Dates 7.500.H5.GS- 10,204.101.3.".
United States Bonds . 'JS?'
Premium on United States Bonds Jl.000.00
Other Bonds, Stocks, etc 430,S40.j4
Heal Estate - - .0.003.-t3
Capital Stock $1,400,000.00
Surplus and Undivided Profits 7T44.iC.51
Circulation 5 720,00.00
United States Bond Account 301.fiOO.00
City of St Louis Bond Account 147.000.00
Deposits, Individual $0,-40.114.22
United States 201.000.00
Trust Co's 010.C21.C7 7.750.73T..S9
Banks and Bankers C.012.S.S7.50- 13.7C3.C23.nn
AMERICAN EXCHANGE BANK
207 N. BROAD WHY,
Candactiig its business along strictly commer
cial lines with
Full-Paid Capital, and
FIVE HUNDRED AND SEVENTY-FIVE THOUSAND
Dollars Surplus and umdirided profits, loaning
money in moderate amounts to reputable busi
neis housed for legitimate mercantile needs,
has daily added to its line of patrons, and
to-day, Turith total resources of over
Seven and a Half Million,
Solicits accounts, promising that all business
Intrusted to it will be treated with courtesy,
promptness, accuracy and liberality.
lS Per Can! Intersil Paid on Tims Csrtlflsatu.
GO TO CHURCH SUNDAY
If you have the time; sorry, but ws can't, because we are too busy. If wo cannot
wait on you Saturday, call Sunday. "We will be at the office till 1 p. m. Would stay
lonirer. but the elevators stop at that hour. We are selline stock In the best gold
mining' proposition on earth to-day at 5 CE.TS PER SHARE. FAR, VALUE 181:
LOW CAPITALIZATION! GOOD PltOPEIlTY. PROVEN FIELD AND IX
IDAno. "where the sold is." ARE OUR ARGUMENTS. We will advance the price
of our stock Just lOO PER CENT at midnight on March 8th that's next Mondav.
DOST FORGET THE DAY. Let us say apain, we are "WHERE THE GOLD
IS," In Thunder Mountain District. Idaho. Our stock will be worth par. J1.00 per
share, a year from to-day. we think before that time, but wo are conservative.
1.000 shares, cash friO, or $10 down and to for 8 months.
2.000 shares. 000 cash, or JD0 down anS J10 for 8 months.
6.000 shares, cash COO. or K0 down and J23 for 8 months.
No certificate issued for less than 100 shares, or C worth. Wilt reserve stock on
LIBERTY GOLD MINING CO.., .':':
OFTTCE OPEN TILL. 9 P. M. LOXG DISTANCE PHONE. MAIN K5 M.
WM1TAKER fc COMPANY.
BOND AND STOCK BROKERS.
Okdbhs Executed ra Listed and Unlisted Securities
OV Alt, THE PRTXCIPAX. MARKETS.
Direct Private Wire to New York. 300 N. Fourth St.
Tenorr say, buy Shamrock Gold and Silver stock, 25c per share,
pair valno 91.00. We ore paying; ONE per cent monthly dlvldenda on
pail Talne. This equals 48 per cent annually on your Investment.
Mines In Neir Jlrxico ootr In operation. S3IELTER and STAMP MILL
both at the mines. Duy now before the advance. Tills Is the oppor
tunity of a lifetime. DUY NOW.
Market letter free. Write for It.
T. S. HENDERSON & CO., 506-7 Commercial Bldg., St. Louis.
The National Bank of Commerce
IK ST. LOUIS.
Capital, Surplus and Frosts,
Feb. 28, ISOe.
Feb. 18, 1898.
Feb. 13, 1900.
Feb. S, IDOL,
Feb. SB, 1003.
Feb. O, 1003.
ACCOUNTS OF INDIVIDUALS, MER
CHANTS, MANUFACTUIIERS, CORPO
RATIONS, RANKS AND HANKERS SO
LICITED UPON FAVORABLE TERMS.
PERSONAL INTERVIEWS AND CORRE
STOCKS AND UONDS IN BOSTON.
Boston, Mars., March E Cosing quotations on
money, bonds, clocks and mining snares to-day
vere as follows:
Call loans KJ5H per cent; time, loans ECS4 per
Atchison 4s 100 Jdex. Central 76
Do. pfd 5SU
Boston & Albany. ..25S
Boston & Maine.. .175H
N. Y.. N. H. & H.
Fltchburg pfd ....
N. W. Harris & Go.
CHICAGO HEW YORK BOSTON
Deal exclusively In selected
Municipal, Railroad and Corpo
ration Bonds adapted to the In
reatment of trnit funds sod at
ings. Special eircnlars upon applica
tion. Personal Interviews and
204 Dearborn St., Chicago.
Local Money Market.
Transactions at the banks were moderate, but
there was a talr demand tor' call nnd time loans,
with, discount rates steady between SV4 sad
Am. Buxar 13 Mass. Electric 25t4
Do pfd 120 United Fruit 137,
Am. Tei. A T.l 125"i U. S. Steel 37
Domln. I. & s 55 Do. pfd. S7
General Electric. ..133 Weatlnghouse com..lCl
Cat. c Kec....
Isle Royalo ..
Santa Fe Copper...
-IV'mnITl, Cost '' ,
baly'tVest J.-. .!
Mlnlnjr Stocks In New York.
New York. March 5. Closlnit quotations on
mining stocks to-day were as follows:
Con. CaL & Vs..
SIrra Nevada .
Reported by Francis. Bra & Co., No. 214 North
Prime sterling, cables 4.na(34.rni: checks
4.UTiSt.8T: 60 days 4.S3Sfi.83K.
Commercial sterllnB. checks 4.S8H: (0 dais
4.83H: 90 days 42Vt-
Grain bills 4.K431.83.
Cotton bills 4.83e4.Si.
Bankers' rarls. cables B.1SHS5.15 1-11: checks
5.16U5.151-1: Mdas 5.1SX.
Commercial French francs, checks E.irtt- n
Commercial Swiss francs.eheeka 6JT425.1I 1-lf-C0
days 6.l-18.s;.20!4. .
Commercial Belslan francs, checks S.17UB
1 17 1-15; 60 days S.20S5.20 MS.
Bankers" rechsmarks. -cables K1-18B95U- checks
: 60 days W-4S94 1-16. ". checks
Commercial relchsmarks. checks Mtt- an .v.
M 7-164T94H: 90 days SMKBM lt ' W "
Bonkers- Dutch guilders, checks .40; W days
ehalaii Datch IuUd"- e""" -40i-i; eo
Market opened weak.
W. L. Doug!
as 7 Stock
SAFEST INVESTMENT IN Am ERICA.
Less than $250,000 of the issue of $1,000,000 Pre
ferred 7 Stock of the W. L. Douglas Shoe Co.
of Brockton, Mass., Remains for Sale in Lots of
One Share or more. If you want Some of this
Gilt-edge Stock You Must Act Quickly. Stock
Pays 7 Annual Dividends, Payable Semiannually.
SHARES ARE FULL PAID AND NONASSESSABLE.
Sold at Far (SI00.Q0) One Hundred Dollars Each.
The TV. 1. 'Douglas Shoe Co. Is Incor
porated with a capital of SI.OO'.COO; Jl.000,000
ot this Is common stock, held by Mr. Doug
las: l,O).C0 is preferred stock now offered
at par, $100 pr share. This stock tj full
paid atd nonassessable, and pays per cent
Sir. Douglas cannot secure a single dollar
of the profits of the treat Douglas Shoe Co.
until this 7 per cent has been paid to the
people who buy this preferred stoclt. Ai
the business has not for twenty-three years
failed to pay at least 7 per cent on Its entire
capitalization, holders of this preferred
stock are absolutely sure to get their 7 per
Slany people want to know why large
ir.d prosperous a concern as th's should of
fer 7 per cent preferred stock to the public.
The reasons are fully explained In the pros
pectus, but It Is proper to state some of
Thl buMncsi was founded and built up
to the proud position of the largest concern
of Its kind In the world by the genius and
untiring efTorts of Its head, lie has now
reached a time of life when he fefl that
he must set his affairs in order, although
mentally and physically at his best and
with the prospect of devotlnx many more
j ears to tn. guidance of the affaire of the
Company. This great business must be per
petuated, must be maintained, must remain
In future years as It Is now. the greatest
shoe concern In the world. One man. even
a young man. would need much assistance
to carry, on and enlarge a business like thi-i,
and much carltal, much energy and earnest
efforts of many people are needed. A cor
poration never dlei Hence this business
has been incorporated.
The present purpose Is to get the public
to become an Interested part of the Douglas
Shoe Company, and to assist it In Its suc
cessful career, not only by their money, but
by their help In all possible directions.
There Is no question about the soundness
of this enterprise. It is one of the solldest
concerns in the world. There is much more
than a dollar in actual asms behind every
dollar of this stock, the magnificent plant
and the great business of the XV. L. Jjoug
las Shoe Company, with its Ct stores In 43
cities all owned by the company.
This is tetter than a savings bank. No
pavings bank could have the resources be
hind it that this company has. The savings
bank vt'.l pay you 3 to 3ij per cent. This
stock pays you 7 per cent. From the sav
ings bank rnu get nothing but your Inter
est. The Douglas preferred stock Is on tho
most conservative basis worth 1290 a share,
to-day, instead of J100, and will continually
Increase In value.
Send for a prospectus which fully ex
plains ail these thing. With It we will
send a little folder which describes the great
plant of this company, the business which
tins been done and is now being done, and
showi you Just what you are putting your
money Into and Just how you are safe
guarded in every po'siblo way.
A large proportion of the preferred stock
offered was Immediately subscribed for, and
subscriptions are coming In constantly,
many of them being very large sums. It
Is Impolblo tec pay at what time all the
stock will be subscribed for and the oppor
tunity gone. The safe way Is to fill out tho
attached coupon, stating how many shares
jou wish to purchase. In case Investigation
satisfies you. Upon receipt of thi3 coupon
an option certificate will be forwarded to
you. entitling you to purchase tho number
of hars indicated, at any time within thir
ty days. This entails no obligation on your
part, but simply makes it certain that you
will be able to secure the stock provided
you so desire. It give you an opportunity
to read over the prospectus and lnvc3tigato
Address for prospectus and Information
and send subscriptions and certified checks
W. L. DOUGLAS, Brockton, Mass.
W. r DOUGI.AS. Frocktm. Sfam.:
Plea-e snl rroeEctua cf tho "W. Ij. Donr
las Sho CornDany and special etstlon certifi
cate entitling n- to purchase within thirty
days shares cf tie 7 Dr nt ire
ferret stock rt the company. It is under
stood that this request Incurs to obilfatlon
on mv cart. unles after Imestlcatlon I
sutscrlbs for tho stock.
Street Address -
Cltr or Town
All stock sold this month will
receive six months' dividend
July I, 1903.
Dividends are paid January 1 and July 1.
If you do not want to wait for the pros
pectus, send the money and certificates of
stock will bo sent you by return mall.
LOCAL STOCKS RALLY
AT AFTERNOON SESSION.
BANK OP COiDIEROE
Tempting Prices on Favorite Is
sues Bring Out Brisk
v Buying Demand.
Reported by Whltaker ,. rv,
-w i.ui iu ruuui sue L.
Kew Orleans.. ,
10c p? em
' 10c prem
Values of local securities were again
sharply on the down turn at the morning
session, but the low prices proved tempting
to Investors and there was a good rally in
the more active Issues in the afternoon.
Sellers wero In control of tho early market
St- Louis Transit eased oft to J-S and United
Hallways, preferred sold down to JSL75.
Bank of Commerce declined J3 a share, to
J37J, but more was wanted at that Hgure.
-Mechanics' National ruled easy at 0.
Colonial Trust held steady at j19j. Title
Guaranty sold lower at 31 and J.-0.
Central Coal & Coke was under selling
pressure at $68 and J6;.S7K. llissouri-Kdl-son
Issues were again freely offered witn
sales of the 5 per cent bonds at 155 and $M,
and of the common stock at J1S.S5.
At tho afternoon session tractions, Mis
sissippi Valley Trust and Bank of Com
merce were the strong spots. Transit ad
vanced to S.:3 and Lnlied Railways, pre
ferred, was In good demand at 182.
Mississippi Valley was sharply on the up
turn from 451 to $454.50. A small lot of
Commerce was taken at 13775. and more
was wanted at $373.50 at the close.
National candy, common, at 422.75 was a
. . . . Bid. Asked.
St. Louis Transit $ :s.) $
United Ilallnayg, pfd sl.Ci'i U 00
t)o. fe Hi SI.T5
St. Louis fand Suburban ts.uO ts.uo
Do. 2s 103 00 li3.U
East St. Louis and Suburban.... 18. CO
Vo. 5 S7.a
Colonial Trust 19.co 137.50
(Commonwealth Trust (old) 2K.00 300.00
Lincoln Trust Z4.2S 257.00
Mercantile Truet 40S.01
Missouri Trust 1H.U) ZZS.00
Mississippi Valley Trut 4.x uo
National Bank of Commerce 3T2.0J
National Candy Sd pfd tO.Oi S3.00
Do. com n.0 .....
Mechanics National IK) SO ;5.00
Fourth National 310.0.'
State Natlo.ial 13:.OJ 211.C0
Klnloch Telrphone Co. 6s 107.00 103.00
Laclede Gas Llffht com W.&0
Mo.-Bd. Elec L. Co. pfd....i.... 41.5)
Do. com 18 00
Do. So 94.00
Simmons Ildw. Oo. com 161.00
Westlnxhoue Auto. Coupler..... S3.(4
Granlte-Bl-Metalllc 27H Zi
American Arithmometer. "O.Oi
V) St. Louis Transit at J iJ.OO
i United Hallways, pfd. at u.75
x:nlted Hullwajs pfd. at .oo
33 Colonial Trust nt 0)
25 Title Guaranty at..... so.OT
2S Title Guaranty at :i.m
20 "Bank of Commerce at 372.00
6 State National at 20.-k
10 Mechanics- National at S.M
SO Central Coal and CoVe at t7.s;i4
JO Central Coal ruid Coke at 8.0)
LCOO MIssourt-KUtson 5s at S4.i
LOOO Mltaourl-Kil'son Sa at 95.00
, SiMtssourl-Edlson com. at 13.25
,-. y AIT-ERXPON SESSION.
St. Louis Transit ,
United Itallnays, pfd ,
Do. ts ,
St. Louts and Suburban....
Title Guaranty ,
American Ccou-al Trust..,
Lincoln Trust. ,
Mississippi Valley Trut..,
Ban!: of Commerce
National Candy com ,
Do., 2d Pfd
East St. Louis City Ca
Do. pM :.
Central Coal and Coke
Brewery. I1.O0O C
ICO sn. Loals Transit at
ISO United Ballwajs. prL at.....
20 Commonwealth Trust at
TStJncoIn Trut at ,
20 Mississippi Valley Trust at..
S Mississippi Valley Trutt at..
10 M!sllppl Valley Trust at..
10 Mississippi Valley Trust at..
15 Mechanics' National at.-.
S Hank cf Commerce at
SO National Candy com. at
20 National Candy. 2d prd. at..,
10 Central Coal and Coke at....
, S 2S.2S
WnIl Street' Gossip.
Reported by the Commercial Advertiser throurh
Francis. Bro. & Co.. No. 214 North Fourth street:
New TorlC March . Forel-rn Americans
showed lrre-rularltr In London, though the ten
dency was toward Improvement, particularly In
the. case of Union Pacific. The srbltrrute houses
had buylnr orders at our opening and took'about
12,000 shares, chiefly Unions.
Southern Paclflc-The leader of the noon break
was Southern Pacific, which was under pressure
of a mysterious character. Mr. Keene'a.reported.
bearlshnees en Union Pacific was resarded by his
followers as a bull arzument on. Southern Pacific,
but the latter stock none the less showed weak
ness. it , . ..
It ni said In well-informed circles teat an
tnlunctlon to restrain th Union Pacific from
totlnc Its Southern Pacific holdings will ba asked
for on April . The burins by Sneffield and Mc
Culloiuch and brok-rs often employed by Harris,
Gates & Co.. was a feature. It was said that
the Chlcaro party had received certain assurances
from K. If. Ilarrlman. pr.l were exy bullish on
Union Pacific The fluctuations of Union Pacific
were due. In the opinion of observers la the board
room, to operation by Mr. Keene and his .follow
ers. TleavT covering of shorts caused the late rally
In Union Pacific
Canadian Pacific Specialists reported s-ood buy
Ins of Canadian Pacific, both local and houses
!:h Montreal and Toronto connections. The cnlv
news in connection with the stock came from
Toronto In the shape. of assurances that labor
troubles at Vanccu)er had been greatly magni
fied In the pre-s dispatches, and that the stnko
then uould probably fizzle out In a few dais.
A. C. P. Thors was srood commlsslon-houss
buylnir of A. C P. At the low Ieel Flower &
Co. houqht 1.000 shares and were followed by It.
If. Dliwll & Co . 1.5v0; Linsburch Bros . 5.f;
Butter &. Grcss. 2.500; Ilolllster & Babccck. fctew
art. Barr & Co.. J. S Bache & Co. and otner
commission-houses. The &!llrur waa principally
by Allen. McGraw & Co.. 5.0) shares: Taylcr,
Boblnson & Cow and other houses.
Beadlnc1 The movement In Reading attracted
attentlcn The stock was accumulated by a commission-house
openly, and througn brokers who
are understood to act for a prominent Interest.
In addition, there was lively bidding for the
stock by Washerman Bros, and other commis
sion firms which were among the conspicuous
buyers In the last upward movement In the Read
: ary z..-n si u"4 3!i 3s;i 33
Neve York Stoctc Quotations.
St. Louis March 5. The following shows the
opening, highest. lowest and closing Quotations
on the New York Stock Exchange to-day. Cor
rtcted djlly for The Republic by Francis. Bro.
& Co., bonds and stocks. No. 214 North fourth
Am. Cotton Oil..
Am. Ice Co
Am. Loc. com...
Do. pfd ,
A. C l:
C. F. I
Con, Tob 4s
Corn Prod. com.
3 Sli li 91
;; .... ....
2C0 J;4 37 25Vi
28H 27?i 2SJJ 23',i
yiti yi 34
H 41V, 4SU 4S1
Nat. I.ead com...
N. Y. Air Brake..
Hep. I & Steel
T I b
U. S. leather com
U. S. Realty.
U. S. Steel
B. & O
B. IV. T
C. &. O
C. & A. com.
C. & N. TV..,
C & (i. TV
C. ST. &
C. G. T.
n. a h,
D.. L & TV
D. i R. G
JC. C. F. S. pfd.
K. C S. com...
L. & N
M., St. P. S..M...
M. & St. L
M. K. & T ,
N. Y. Cen. com..
I N. J. Cen
Vfi JiH 95U S So S6U
, 25,600 in1,? 123 la.', 127; Kii
. 71.21") Jlji 72T, Tlli 724 71
. 2.) CSb 05', C6 63 6S'i
. 2.500 210 H0U 218 21M1 23
C3 634 6J 63 63
OM 115 1154 115 115 116
! 314 314 31 314 J1V,
, 2.200 19J 1334 1M 1934 192
3W S3 99 95 $9 V)
, 1.M0 SH 254 244 25i 254
iTV V-x a 4Ss
1 " 164 1654 165
4-jO 1 lfn 1074 Wi 1(W4
1064 1':H 1054 1034 107
"iicoo ioi"i 1014 iji i5i4 114
10) MV4 C04 604 f04 61
4.4W 204 20, 20 2):t 20s;
) 7 a iis n a
4.6M 63 CJi; a C34 624
2.100 124 12H 12H 124 124
2.3) 2'i 24 21 21"? 24t;
.. 27.20) 174 374 36H 371. 374
. 15.300 864 S74 K-U 874 SG"4
4J0 6J 62 61 63 62
.. l.siO S34 s SS4 (a sss
.. 29.20) S2V, S3VI 83 SiTl S14
.. 4.4 94 SS4 93 984 SStJ
.. 13.7) 934 94' 924 44 934
.. ll.) 65t Ui 65'i 664 654
.. 11.70) Vi 1304 12SU 1W4 1284
.. i.M 464 47 46V, 47 4
... 2.700 32', S3 314 32H 324
.. 1.2OT 1854 VK 1844 186 1S2S
S,r? -s . i, 21
St. P.... 41.600 lTOH 1714 163;, 1714 170S4
1 17 17 lTi
& St. L. t' Vi 324 l 924 91.
- 1.40 27'4 27 27 27S 27
l.W V ) 33'. 33A 43
2.SM 172U 17$ 170 17ltJ 173
M0 33, SS 37
4 864 87 S4 87 87
20.300 25i; 23-i 34- 334 M
ISO) 534 514 S3 54C 52' i
1.000 103 104 1)3 101 1011?
2,i 13i 14) 133 1394 1534
1.01 33TJ 391 33 334 334
300 79 79Jt 73 T34 734
2.10) 334 304 20 30; 234
1.800 51 564 54 (64 iiil
4X) 13)4 1204 1134 124 12i)
34.4n0 114 144 142 143S 14
3.3f0 135H 1164 135 1364 135
100 117V 11:14 H7:
2.000 , J7U 2?H 27,i 26
1.0CO 744 744 72i 74 74
2,900 2?il 26 254 26U. 25
1.100 534 5ii B7S4 5StT 8li
55,200 1034 1034 1074 106H 1.7
10.400 1I3H HI
1074 1064 174
174 18 173
.... 25 S5H
142 1434 143
.... 1784 173
.... 43 41
N. Y.. O. i.V... t200 20?I 314 304 314 304
N. & TV 5.S,71i,72J Tlj? 724 71?
Penn 26.3CO 145 1W 144S 145 US
.. J.. i. L. ... 83i
Ldinc com 3U"0 5Sl 634 874 594 58
o. 2ds 500 74 li 714
1 -. 23.100 434 '414 434 44 43C
o. pfd 3,S(.) 774 -774 764 774 7S4"
U & S. F. HJi M 82 Sl3
P.. C. C St. L. M
Readimr com 31.100 5Sl 634 874 594 58
Do. 2ds M - 71 714
iOi 1S ,X 71 T T
pfd 2-") S3 xa 604
:... 47.6CO 9 94 684 (W 534
.... 1.200 32fi 22S 32 kA r.4
.... 3.30") 234 33 Kit 3S 314
.... L3) 2S 27U 26 27 SS?
.... 1.10O 414 42 41 j? 77
C4.7W S34 -3, 924 34 94
1034 103i 10)4 103sJ lffSJ
2.900 2SJ 23iJ 28? 23 s3
14.SM 49K E04 S H ij
TS'J 784 764 73 7t
4W 234 24 234 23H 24
V) 34 31 234 34 34
1.600 25, 254 24S 254 35
SCO 504 604 434 504 50U
... .... .. . ni
wi s'i'Js 4 Wl
St. L. & S. TV
Union Pac. com..
TT'ab. deb. Bs....
TV. & L. K. com..
"Wis. Cen. com...
Do. pfd ,
Nat. Lead pfd....
U. S. Leath. pfd.
C. A. pfd
Total sales. 796,000.
Not for a
i -" mitt
Not for a IVSonth,
ot for a Year,
FOR A LIFE-TIME!
23 Fully Developed Mines With Thousands of Tons of Ore on
the Dump and Hundreds of Thousands cf Tons Blocked Out,
WILL BE ADVANCED TO 5.00 APRIL 1st.
Fill Out the Coupon Below and Mail If To-day.
MAIL THIS COUPON TO-DAY AND GET BEAUTIFUL FREE SOUVENIR.
THE McKINLEY MINING AND SMELTING CO.
Suite 401 Commonwealth Trast Bldg., St Louis, Mo.,
Please mail me free booklet giving history of the McKinley Mines and.
their mineral resources and beautiful souvenir of Mr. and Mrs. McKinley.
Street and Number.
City or Town
Subscriptions for stock (in amounts of not less than Five Shares) will be received until fnrther
notice at THREE DOLLARS A SHARE. Make checks, drafts and money orders payable to
The McKinley Mining and Smelting Co.,
SUITE 401 COMMONWEALTH TRUST BLDG., ST. LOUIS, MO.
Represented by HIIRO, HAERTHER & CO., Bankers and Brokers, Pbila., Wasii., Cfnn., Gienland, New York- and PittsBtTg.
STOCKS ARE UNSETTLED, BUT
BEARS GIVE UP STRUGGLE.
BELIEVE FOR PRESENT THEY
CAN DO NO MORE.
Late Rally Brought About by Ef
forts of Shorts to Cover
Steel Bonds Lower.
New York,. March t The stock market
continued very much unsettled to-day and
traversed Its range. of prices several times,
but the final result showed that the urgent
pressure of liquidation had spent Itself and
that the bear party felt themselves at the
limit of safety on tho short side. Probably
the demand from this elem nt to coer snort
contracts was the principal factor In the
late strong rally In prices. There was,
however, some indication of Investment de
mand on the declines. Surjport waa evi
dent at the opening and had an Important
effect In relieving the anxiety caused by
yesterday's many rumors of ilnanclal em
barrassment were considerably cleared this
morning, with a reassuring: erfect upon the
sentiment. The money situation, however,
showed no sensible rerajcatlon. the call loan
rate running up to 6 per cent early
in the day. This was the occasion of tho
llrst break In- stocks. After a period of
dullness at . about jthe level of last night's
prices a drirfr- was made at the market,
which carried many prominent stocks a
point or mora below last night. The leaders
had been as much above on the opening
BOLD TO STANDSTILL.
The market seemed to have been sold to a
standstill on this drh e and made an irregu
lar recovery until, near the close, the lead
ers rose again from 1 to 2 points over last
night. There were slight recessions before
the close, which was Irregular. Much at
tention was paid In the speculative circles
to the gossip concerning a possible legal
contest against Union Pacific's right to vote
Its holdings of Southern Pacltlo stcck at
the latter company's annual meeting. The
existence of a long-standing pool In South
ern Pacific Is commonly accepted In Wall
street. Its operations and commitments be
ing based upon the assumption of an early
refunding operation for Southern Pacific, ac
companied by the inauguration of dividends
on the stock. The policy of the Union Pa
cific control In deferring dividends on South
ern Pacific and making heavy outlays out
of earnings had come In for bitter criticism
from the pool Interests. These are appar
ently identified with the movement to con
test Union Pacific's control. It Is the gen
eral supposition also that the manager of
the pool has assumed the leadership of an
aggressive bear movement In the general
market during the week.
The vigorous rally at the close to-day
was occompanled by rumors that a truce
bad been patched up between th contending
Interests in this dispute. The quieter cot
ton market had an Influence In the recov
ery In stocks. The estimates of the bank
statement based on tht known movements
necessary currency also seemed to have a
calming effect. The Subtreasury yesterday
took more than a million dollars from the
market, again bringing Its absorption for
the week up to $5,123,000. This probably
about measures the loss of the banks on all
accounts, as the Interior movement was
about evenly balanced.
The large liquidation In the Btock market
points to extensive loan contraction, and It
Is known that laige credits have been se
cured abroad during the week, but the local
loan operations have been to some extent
a mere shifting from one borrower to an
other. The late recovery In stocks, how
ever, pointed to some recognized confidence
In the money situation.
German banking-houses In the city were
large lenders to-day and sterling exchange
was weak, under good offerings of loan
bills. Wheat exports for the week Increased
34.000 bushels, and corn exports Increased
1.418.000 bushela Dry-goods Imports fell
Jl.204,613. below those of last week. United
States Steel bonds sold as low as STVi when
Issued, or within a fraction of parity wlUI
the preferred stock. Northern Securities
also was largely sold. Inactive stocks con
tinued lo show wide declines before a mar
ket was found.
Bonds moved in sympathy with stocks.
Total sales, par value, J2.710,)0.
United States 23 advanced tt per cent, on
the last call. ,
WEEKLY BANK STATEMENT.
St. Louis Clearings ?51,874?169, an
Increase of 3.3 Per Ont.
New Tork. March 6 The following tatle,
complied by Eradstreet. shows the bank
dealings at the principal cities for the week
ended March 5, with the percentage of in
crease and decrease, as compared with tho
corresponding week last year:
X'w Tork Jl.KO.sSO.T
-.9W UJWS ..........
san Francisco ...
Salt Iviia City....
Tertians. Ore. ...
Ies Moines ........
Spokane. Wash. ..
ltirtlanJ. Mo. ....
1.43 1. S03
.... li 4
for 6Mt bills. Posted rates. 4.S43 sad 4.171.
Commerclal bills 4J27334.8325. Mexican JoHr
3Sc Government bonds, firmer. Railroad bonds)
Cincinnati. O . March s. Clearlcss S1.1J3,V0L
Money 486 per cent. New York exchange 2M
Chicago. March 6. Clearlnr S30.TO9.4OT: bsl ;
ances 32542.954. 2icw York exchango 20830s dls
count. Foreign exchsmc sterllnr posted at
4.S45 for 60 days and at 4.73 for demand.
New York. March 6. Cleaxlncs t2J7.Stt.aUI.
lioston. March 6. Clearlnrs C2.0C7.3T3: b lines
Baltimore. March I Clearings S3.M6.vTi; bal
ances S55I.U9. Money SH Per cent.
Philadelphia. March 6. Cleartacs StT.e3S.117I
balances S2.72S.aB. Jioner iVtV pr
Xeir Torlc Bond Sales.
New York, March S- Sales of bonds wets man's i
here to-dar as follows: V
umirjctoiw uel 3.1J7.3.J
Fail River 1.1SC.2U
LJttla Rock 1.137.050
Knoxvllle ---,- ST2470
Vllkesbarra ;. 1.115.51S
prm!!-!!!. HI. 1.1M.2S5
heeling-. TV. Va........ 1.086.130
tVlchlta. ...: 776.974
New Bedford 110,522
Fargo. N. D. ...i 671.C03
Canton. 0 443.0W
Jacksonville. Fla. 4H.19
Greensburg. Pa. 623.510
Rockford. Ill ' 12.701
Springfield. 0 4..053
Chester. Pa. 379.235
Bloomlngton. III. l.I94.22
Qulncr, III 44S.27J
Hloux Falls, 3. D zia.643
Mansfleld. O. 174.710
Jack-onvllle. 111. 45S.W4
Fremont. Neb. 32! 75
tDscatur. Ill 374.375
tBcacmont. Tex E19.1S3
Charleston. S. a L11S.412
Totals. United States.. .S2.41S.917.617
OuUlda New York. 905.327.561
Vancoaver, B. C 1.0S1.5I6
St. John, N. B 765 005
Victoria. B. C. 4S6.771
tixmdoa S.t.403 .... ....
Totals, Canada 47,120.133 T ....
Balances paid In cash.
tNot lncluaeil In totals because of no compari
son for last year.
INot Included In totals became containing other
items than clearings.
New York. March 6. Money en call firm at
ft?5 aer cent, closing a. Tims money, strong.
60 and days 55: 6 months 5Hfi6. Prime
mercantile, paper 5435i. Sterling exchange steady
at decline with actual business in bankers uTDs
St 4,t6S34.S$S3 far demand and at 4.835584.(560
6.000 Atch gen 4s.
2.0CO Atch ad 4s.. 90
JsCOOAtch ail 4
E.0COB & O P J
M dlr 3Hs S0i
13.000 B CO S-W
dlv 3H SSi
C000 Can So 1st
1.0O9 Cent Ga 2d
15.000 Cent R of N
J Ea lit
1.000 C & O 4Hs..l03
19.000 OSes & Ohio
2.000 CiOMr A.H3
107.000 C B & Q
11.009 C B Q con
S.C0O C N VT sink
fund 5s 109H
137.000 C R I & P R
R 4S S5etH
11.000 C It 1 4 P
gen 4s ..106ei05i
1.000 C & TV Ind
gen 6s 1UM
8.000 Colo So 4S... 90
89.000 Con Tob 4s.
34.000 Dls Sec Cor
10.0CO Eq Gas & F
ot Chic 6s..
11.000 Kris pr Hen
tOOO 111 Cent 4
M.CC0 Kan City So
E.0CO Laclede Gas
ot St L. 1st
10.000 Mex Cent
1S.00O Mex Cent 1st
4.000 Mex Cent 2d
4.0CO Mex Cent 2d
t.000 M It Pt P
ref 1st 4s... .103
tWOMJC T 433H
4s .... Bl.
1.000 Mo Paf arold
tr Es 1917.... .1011s 1
10.000 N Y C a Bt
U 4S 105
10.000 N Y O 4a.l00if
3.O0O Norf 4a West
4s ia ,
10.000 Nor Pac gtn I
lien X I
43.009 No Pae prior i
Hen 4s. I
B.000 Ore S L u
(.000 Ore St U Ea.1129
4.000 Ors S I. 1st ...
1.009 Pae Coast lstfter-
261.0M Penn CbtW favor-
LOOORead inlute waa
l.ooo FtLIM majoritr
W.ooo st l. 4 BT".
ref ...7Ve "
loco St l, & 8 f .n and
class R. ...i .
t.000 St I. 8-W !d i. 0
lono So Pac 4H. 9e,t
E.000 So Pan of l".
Ariz O s
15.300 so Pas ot
Cal 1st Ea sta -, '
3.000 So By la... .UtS 1
4,000 ToI'do Peo
& West 1st '
4s Ms .
1000 TEtLaS m
m 4s 71 !
19.000 UP4S W
829.000 Un Pae comr .
525.099 Wabash deb 1
series B.T3H(T7nK i
1.009 Wabash Dt -I
C 1st ..10H!
M mrt Ti.. cm. "s.?!
m.vJV iiu. ouutq
1st gtd 4S.
3.C00 Wheel A
con 4s ana ,
1.099 Wheel tLB
It E 1 I
The total sales ot bonds to-day were 32.713,000. '
Jfrvr Y'orlc Cnxb Stocks.
Reported by O. IT. Walker & Co.. No. 319 NorOI
American Tin Can pfd
Bay State Gas...
British Colombia Copper.
Elrctric Boat com
Electric Vehicle com
Green Consolidated Copper...
Northern Secnrltlea ....1051
New Amsterdam Gas first S per cents
. & J. 1311 10JH
.-.. i. ciecrnc venicis Trans.
Otis Elevator com
Royal Baking Powder pfd....
Seaboard Air Line com
Standard OH of New Jersey...
St- Loulfl Transit Cn mm
United Street Ry. of St. Louts pfd.. 81
union Copper ai
ITS. or M-xIo Sa mo
White Knob Copper. in
Chlcaco Stock Sfarbet.
Rerorted by G. B. Walker Ca. No. 319 HurtaTi
Diamond Match of Illinois..
National Biscuit Co. com..
American Tin Can com
Do. pfd ,
Amerlrpn Box com. ......
TVashlngton. March . Available cash
1223,732.523; gold S115.252.SSS.
. Bar Stiver.
At Iiondon. firm. 22elld par oaw
.52 aax-" l
' - m