THE SUN WEDNESDAY APTtttiL iiri-

ri R 419Oi t W

WAsnxoTOir April n Tb WMklrmalT of crop condition tenltr by

Bureau MTKThis U fourth eoMovttr Mk of

bnonn llr cold w th r BMrlr thewhole country nlth UM HUM mark d ternpratura tb ixion In th oa

T I1 7 ttxl hMTythroughout Ohio V Jl r ud

crMtor of AlUutio ODM

and Gulf M oon Uti iU b T

very unfarortbU for farmlnc operationand ba Ty ratal-

TI rwultod In frMb4rtt ptIn Ohio Volley WannUu and In-

mo t accttont cunahln now urrnUrcentrallr eatt of th Boclcy

ceaton oontinutiIlooky Mountains and Padflo Cot BtaUathe aeiuonal dafldftncr nottn rk d and tb latur part of tba w k wavery f TorabU In Mountainregion-

s ry low proer 8 hA nadtwtth cornplanting none ba been planted

of winter wh t ha

oualy report4 d oondlUon orran oonUnus In Oklahoma and

M and while U wellof Minnesota and South

AM has been madehOWSTeF art

Althougha a t rn nneii o

Iderable was done during wwuof oati wheat rye

meadow and becomingEarly e potato

Pennsylvania rye w d

growths fruit buds swelling

gQVITJUtLE TAKES JHUTlSn BONDS

laQBlrttf 3OOOOOO of Gold or

The Equitable Assurance Sodetr haa-

eubscrlbod for ss000000 worth of theBritish bonds through thn American agentaauthorized to take subscripUons and has alsoput In n direct subscription abroad for a elm111 This subscription the

w Insurance Companys mb-scrlptlon of S000000 put in and S5000000 abroad Tho Mutual Life Insurance

It bin already bren Announcedhut subscribed for 13000000 of bondthrough tho American agents It was figuredout yesterday that bond will return4 M per cent until April o 190S should the

po o of hi on datelit thn The actual ofconnie might h much

National City Bank withdrew fromthe tnltod Ktate Office yesterdaythe llCOOono In gold txtrs that Itftttanoxhlp Oceanic today Inquiries lookingto possible gold oxportJi amounting to 11000-roo were at AMyJt wa reported that of Lazard

France by the Bteomshlp sailingtomorrow

S3 xAitoty snnr snvrNo More or rrrclralii Where DUtrlot Mrmtn

gen Ret on StockiE S Ptrclval A Co 3 street han

cloved up their brokerage shop It wee onof the biggest concerns of the sort on Newstreet and was a favorite with messengerboys and junior clerks margins as email as12 being taken Perclval was at thn oflle-eyesterday afternoon but declined to makstatement except to Kay that he badstopped dolnc on Saturday

wo a rport that In oneof the heirs to George Francis Oilmanmillions and was In of estateIn Connecticut before thn Bridgeport TrustCompany was mad oieoutor this he

He refused to anything abouta report that he hAd le out to hMcustomers due bills Instead of cash whenthey closed their contracts

j

rniujrs SFTTIJS riurATX

Corn King Easy on the Urn lie IIu Sqgee e4-

CHIMOO April 23 George H 1hllllpsshowed today that hn could carry his corncampaign Into thn luIs Held by settling prlTatly with several of tIm shorts whom h had

and buying tho July commoditywhile went to 47 rentsthe opening today ns with thn

40 r n yesterday thetrading was not heavy and price wanto fluctuate nt will

The disposition on th part of thn corn hullwith victim without

punlehlnir them Indicates the old traders say

CnUn in closing out his corn campaign

20000 SlUm iv A IIIOCK

Geld Said to He the llorer of thr Mix lampof I S Steel Preferred

An mmsuallr big transaction nn the NewYork BtocJt Kichangn yesterday WHS the saleIn onn block of oooii shares of Imfecl stateSteel preferred nt 84 Th hiivor was lacobField V 11 Cnster of fomcrKnapp Co was n n PMt that

In thn tranwii ion John WOatei and that tli aenml sniinr of the storkwas one of thn Moore llro Field w s

ft heavy of I nltcd Suites steelcommon unit begins liuiivlit ii m hopscif Colon Inclfln rommoti In l r block

forfeited llallrnad to He Sold at Anrtlnn-

IfMAXAPmis April 23Thn Eel HirerRallrnad will be sold at auction at Iosnn-porton The road runs from Iocanstort to nutjrr unit Is valued at nnn ono

road forfeited lie Charter to the statebecause of lease t th liBoth the VVibash Pennsylvnnli iimipanics will hid

Stork Kirhnnge ScatA ceat on the New V k l hinee

was sold yesinnlay fur ni ifl Tim nnmesof rrtfyer and follrr wire mil llrn orfeat WHS sold nn Mnniliv KVI sinWood of Allnii t ri

CM-

Wu Vsnm t In I tc lasum

ted theWeather

theOut

d ceOtralpro the

plOD the

bennow

ell the

need HotII

I

Ontyet nor

Oho andn 1 aI part ot the Bou hem

tt crop hl Un

wbI Telwter are

a On Cout on-

o ror ncopt aleODI of

Jo 0

1 O I

Vao hu ben sown at theumln-

aMrent tterd H-

dI fa prone andbut I e-

lgrnor and In thi

Sttl prot

tn sodwhere

be or

Pltr p ot on1 tr I

wI The I to

some dma ben totof

ur pofons0 an

It I probable11 not

ewmuch

In fruIt buds fril andlunshneew f but

nne

Ind rotIn theand slowly

osIiand and ot

toofor and

Epa

amount

th

tato

Th

th

Fr ro Cok Co ship to

ew

n

elY

IX

In I

th rd

Imdt

that Is cornanti make no eenatjonal

Iay

fIr Ir

Ir

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iIWMIPw

tabs

1 nd the

are

I temperature11 the

boon

ths Riven rtenslveover

whore the0 the grOwls bun

by low ib

gill vuInga the Paolflo Ui

wheat ii thegown In

w ut a boon sownto

has Uianmd

sotion Mid Isslow

cropfyorsble except tiaioma

destructivehas volT UDftYO

1rfc-tl her much

generally tq TsU and0005 Y

fn 4nneuee toe

freezing temperaturesWee Vim

Jorth CaoIlna the odltp that fruItbarn very largely escaped oof

RUtIfled Injury butthat the damage

bunIOD9TthIrIlonE and soma ptanunoutheZfl

I grid In good conditionp cc

seedingI green

wfruit

wtsC grass Improving

L goodwheat

ad vegetables well begun but groundI cold we

I

for More

nee

equal

here

the

r ater

I

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RUTLAND RAILROAD COMPANY

FIRST MORTGAGE BONDS

1st Mortgage 4 Cold BondsBATEB DECEMBXQ IS 1MB DUE JllT 1 104H

These bonds an part of an of 4400ooo secured by a first mortgageon the property of the Ofderuburg Lake Champlain division of the Rutland

R R 118 miles main line Ogdensburt N Y to Rouses Point N Yj terminals

and equipment Guaranteed principal and Interest by the Rutland RillroidCompany by endorsement on each bond

bonds are listed oa the New York Stock Exchange

1st Mortgage 4 Cold BondsDATED JUT 1 DUE I ao49

These bonds ire pin of an Issue of 1350KX secured by a first mortgageon the property of the RutlandCanadian division of the Rutland R R 43 milesmain line from Rouses Point N Y to Burlington Vt and from Alburgh

Junction Vt to Canada Line Guaranteed principal and Interest by the RutlandRailroad Company by endorsement on each bond

These bonds an listed on the Boston Stock Exchange and are to-

M listed on the Nw York Stock Exchange

We offer the above tones ft 101 and accrued Interestsubject to ulo advance In price

Under the new control and the Rutland Railroad Company has Inauguratedt proirtsslvi policy u s result acquisitions have been nude and the entireSystem brought to a high state of efficiency By recent authority of the Legislature of theState of Vermont the constituent parts of the Rutland Railroad System are being merged or

over by the parent company the shares of the various companies being exchanged forof the Rutland Railroad Company The bonds offered above are therefore divi-

sional of the Rutland Railroad Company secured by first mortgage The shires ofmerged have been treasury assets of the Rutland Railroad Company as will

be the new In exchange therefor

A Circular containing letter of Pros Perctval Wgiving Information In more detail regardingIncomeo may be seen at the offices of the undersignedor will be mailed on application

N W HARRIS CO31 Nassau St New York

Boston Chicago-

E H ROLLINS SONS19 nilk Street Boston

Denver San Francisco

International Market1000000

4 Russian Government

Guaranteed Gold BondsPAYABLE IN

United Cold Coin In New York-or In

Russian Roubles In St Petersburg

TAX EXEMPTRussian bonds have a wide market the various issues traded in

at London Paris Berlin New York Bristol Frankfort Amsterdam Hamburg Brussels Manchester Copenhagen Antwerp SheffieldDresden and St Petersburg

Many investors are their funds in foreign securities to takeadvantage of the international market in case to sell duringtemporary depression at home

Price Par and Interest

Cn Nassau YorkCC 140 Dearborn Street Chicago

I I ir1

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ant

latten

bond the

ItoClement

Sates

35 Street New

uti

14ti1O Oellslillrn ko ClillmF1ll llllh1QY CO

Issue

359O lluCaiiall llilo

tc

c

Farson Leach

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MUNICIPALRAILROAD AND CORPORATION

BONDST-

O NET FROM 4 T06 PER CENT

C H WHITE COBankers

71 Broadway New YorkAntloArrviran Hank Ilnltfd

Chariot Cross

of Wall Slrrrl Nr s

The Heeler Interwlo in llock rJnnrs-Jfwrll Mllllnc Conipnny nhirh two y nrago wns Itiiorporilccl Into the rnltil SlnlIlour Milllne niiaiiy sorallml flnurtrust will H i unilfTitruHi rinrgnnl i inn-llonllnur in biiwlnos inl n l nll-

Thr t ckliolclprs of ih Mnhnnlf andTrniicr Uink n lupt cl jciirday iiropofllion for the r lilill liiiii tii of lirnnrlip In tinilty Ilioiniis crhimilnx wn clrctpdillrooior

Tin following ffn cho n I tieKipiiitlvi Comniin l f tti itiirif n Sm lt-

Inir nnd IWInln Company l anl l IIIIEKPIIi liHirinsn K Nanli liiri ii nrll

A H Mnyr D A IllfM 1 II firnni-Isnao im Mirrnv iiiKUPiilxtni-Siiiiori iintecnlKim Sninninti inidfip-

riiilAliii Ill Xjirll li lohii I l ri nnI lr t VlrpPrpsiilciii of h Pnrmvlrimi-nliilr iil lorlnv ninth iin oflli nil ilininl oftho Tnr hi IVnn vlv ni ilrlilrI-nir ioik of the Afhl inl xinm-IP Uallrmiil nnd wnilil IIP r priMit iy-

miiiiliiT Hi I llmnllOIS iflPI III lilini llll

Sol

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has n

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A gent for the

the

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After the

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MONEYIf you rnntompliuo buying Lif i Insiirnucu o will

guarantee tn savn you to 2r on v nr premiums fiwyYear on nny aii m jiinoiint nn l SIVR youresults ID oVwacx

Oil I upon or jnlihvss

V K SCHEINCKs

COHPANV-

s 57 Liberty St New York

SAVED I

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The Wall Street JournalE-very day rives facts you ought toknow before you lnva t your moneyin Wnll Street It keeps you postedon securities It i Innurnnreon your Investments t1 n yenr-3r nt nftwsstandn Published byDOWLIONKS A Co 44 Broad St Vy

n a

i IK sr Vo1 nf Wallfor fUng arid ln trudlrr tool11 Ularlfe thrmsfltrs with nrm of Mr Irm01 Ptlcf and Ihrl1 imodlt mvriurn sprrias tiry are lo I mt In Wall Ihi

R rirnmilonr hardlyd J il notnlMv nhlnf prrparrd nl111 lc PuMWieds A rom Park

l Alvn on m 71

rxnrnnnon nr riiir-K II thorn s Chairman of the Hoard

of Dlrerlnrs-At tneeiim f the Iionrd nf Plrepfor of

the Kri K III hoin wi elected clmlrmnn of the hoiirdi V 11 ITsldeiil 1 A Midillrlon

ienl ti Muvmid I V Plqtten wan Treasurerand I i Mnitli luini Secretnrv toeflen at Mr nrvood ivmele ted n d i till u vieiney-

VlirrlniM IrnrlnE Honr Klunrrt I

III die luik innrkHt lm iti n MonuayWIM m nr hreilitik rlwirlngHoilM flglllP P o Pxrhiiiu-o the kiiiii ere toni tiiti f iniriiii nnpfBer than iiv prVoii ij ln tP P

if il clenrini llnie Tbetiitil exchange were nlaiv H igin ttlir irvirii reonl f JuliilyM mud onApril III I tie iik m Ih Miiiiliiiltnii Tom

I

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mhanaleallthat

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The A Well 1Shotall who

and

cork Ie replete wth tirtn Cu IC in lorelearn this ijrefuIlIt In andii by ir lii andNen Mriirluii

InElnFT

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amount previously liroucht Hilimit i l bnnk wi S111llT 2 byIM Nntinniil I itv limPs nil l iv M The

ltlfi ISIHoninnrt nhiili vi only in n r ienl nfthe Kflinng and vt irnkliv l uestrill i nvonl-

Mrrl llllls iprrtril lo In 3I II liirv inlriniii nf I nlieil MH

Sheet Inrpnrition iid yesterdnvThe dfiniird for nil is ni iiiilior ire offere nil theesiilt will prnniMi sellingprice will rnin be Increased n

lMr i in nn lh tmrl of om-of maiiitfflctirvr

rllre t repnrlii ihe of j lo r 1 tn n

ordered May I

10 1111 IlnI1i

h

a

hr I hat

j

I

rIAnI

0 ugji 0 IJl I ienrric10150 tiiil t tieSI I nm t ii k 0filci Iiun

t I nori

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aUthcit t iiT I le cnrniI in fl n s

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MISSOURI PACIFICCHICAQO EASTERN ILLINOISThe remarknhht olinii In valueof the two properties form the b sU-

fif two Hpeelnl nrllcien In this mornIni STIIKKT JOlKNAL-Missouri Pacific policy l a npv onoIn Sniithwet anti tho study

of tho Coinpnnyii petitioni tlierefnro importnnl to Invontorwho on the onf nrc for npeclnl advanliiBes In the profitable use or theirmoney Clilcnso t Ijjslern Illinoisis JHnc lioimht by Innlilers for 17ft

tremendous ulvnncr This article willtell you thn ItnuU ol their conndenceWhy not nvall yourself ovory day ofthe Kpeicliil Studies In pub-lished In TIlE WAU STItKRT JOCKSAl a paper iinlquo In its characterand representative of the hl lie t and

Interests of Wnll Street Forat nil newsstand n rent n copy

IS a year published by low JOIIM-

A Co 44 Urond Street

ERIEPITTSBURQ COAL CO

ReorganizationMore than MNETV PER CKXT of ill the

niittlandlnK ol thc nborp ompin hntlng-J n rt pn Ibis Commltff Planof nrorgnnlullnn dmrd April II 1BOO The Mrr-

rantllc Truit Company further rifpoilnof Bonds until Wfdnwday April 1901 at HUM

oclock IV M alter which no florida vlll Iw r

ciltrd tirrpt upon such terms an the Commlltta-lmpov

ChairmanKtTENE DELAXO-FRANCIH S HANGSM U HOOIlFOItl-

AUION GOODWIN CounselA W KHECII Sfrretarv 120 Hroidway-

DMn the chtracMr and naaooUl-slpilltr 01 rottr Brokw U M lav

HAIGHT FREESEBROADWAY

I NewTerkr-

iUVATBWIBK8-

OmmlMlM

M 8tTCt BoitonPk-

ltu riuriAMai n

r4 n tUdud tee rts for null 4 ral

Wt irlU to mall nnilinP TOon aoD

rfttk twund llrVr TBf Uluatraw

It U matt caopntiiaat-ef IU kta d mr aad ttuj w ntrr wwik

Out

DAILY MARKET LETTERi tamalM t upon rtoript rMoea-

iHAIGHT fc FREHSE CCX

U BROADWAY ITMW TOKX

Ttaaaart ren taiRedmond sjnbtci to draftr ant tnt rI V IA e IIM M anl r

mlttrd AclaaPUoa-l1m VI I VV till and laiualaa-

aixawnBa of Stiesrallwafj u coo41 WALL OTj P T P nl rtat j bourht and sailucfflMri a

N T Stock DKAlTWfilth Ore InrMtnacnl s carltlM

of cuirtnt Mat oamiLAUKLPHlA CORHE3POVUBVT1-

UKAUAM kERR CO

THOMAS L MANSON CO

Mrmben New York Stick EiehaitEMPIRE BUILDING 71 BROADWAY

TELEPHONES JM7 to U80OORTLAXDT

INVESTMENT SECURITIESSTOCKS AND BONDS BOUGHT AND

SOLD ON

BRANCH OFFICE T SJT-

PHIVATB WIHES TO B03TOX

BANKERSGuaranteed Stocks85 Cedar Street Cor Broadway NewYork

The Bourse 5th Street PhiladelphiaUemVra York and Phlla Stock KicbunM

OF THECOXaOLIDAXU HIOCK KXCIIAXQK

EstabliShed 1H6544 and 4 IIROAimAT MITT YORK

STOCKS BONDS GRAIN COTTONi it WUUKKAIK MAHOIN3

html for our new Ili lt A Glimpse at Wall buttand lu Xlaikttj Mallei

THE ATCIIISON TOPEliA AM SANTA FE-ItAlllVAV

M mpfd Adjustment llondii-A MmlAnmul tiulAllnirnl of two In

tntftt of Interest nn the STAMPED Ai1i4lmfntMnitfagf of Th Alchlwn Topeka anil

ofand

M I IDOl upon ptMfnUllon and aurrcndrrof th coupons numbered U fromAdjustment Honda

M V fiAHDlMn AMlJIanl TreasurerNf York Airll IS 1901

NATIONAL NTAIICII COMPAMTA HTl1fnd of tiNK AMI OXK HALF PKH CENT

lias teen ilrrlnrM as ol April I IVOI onhf Prtfrrird stork ol Ihls Company payable Mar

I 1BOI fi halitrrs i f prninrnl rrrllflratrs ofaprnrlnf of trmn Aptll u Idol on the hooksti ml Trnn ffr omMn llfflslrar of

n ffr ilirrk will hfNfw York April o limO

J H IlinniVS Trraturr-

rCltrtionu and puttingsS-

A ANNAII Inrsla April 9 IDOlTn ihf Hlockholdfrs of thf Crnlral c ircla Rail

itiij Iompnnv-ntirr litrrb tlrrn Ihst thrrf Kill bo n mm

Inifof thr Onlral nf ifnr la hallwnv ronnitn nl ihf iRlrr of ihr Cnmpany on

In thr City nf Savannah M trn nclork AKaitrrn Minrtard TiBiei on Mundny My M Wit

fur tu ftllov iru puipi-TO Ilinsidrf anti upon ThC ilr and ton

ol the l unit fMiirliltrs of IhrchntlnEiiKizn ft Snulhrrn lliln Ad

of Ihf A Purlism llailnwd Sumpuny to irr iVnirnl of dririrli llmlniiv rvrapany i

aol aitthorli Ilir lnnr sitd rsfijtirtnfir sad purrhn r nnd ttr mciiliidiif to-

vcifr the cameTo oirildi r pn lIon fir Mir And con

Tfvnnrr ol the mil of liir-liruinn IlrniM Hsllwiy Vnnpany alit of thr IioTen A Slnlr hor omn n IK Ihr rnlral-nl int inI I iithnri r ihr il ir ailil r rrutlnn of honls nrrrv n lor Mltl purrhasf ami the morUaer fnirr imr-

TIII iinAHi or pifiKcrniis IF mn CKXof rldlKilA HVIIWAV roAYII-V T r SMITH

I

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lnnnrat

Ill

nr

blAt

WHEELING LAKE

Boutmule

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tbUbed CO

Sin

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Care

V

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COMMISSIONGOLD

Edward BSmith Co

JACOB BERRY CO

Ifidcd and utt t

coUPcent

lont n

II

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pallull n-

And n

I

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Iran hrl

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I1UH

mit-

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tiet1420 51Ou41a0

large ualIaeglabe pleased

fill

1

sisesa t t aeise atCeriSe aaeodi4

Writ t4a7

btnktng

will to paid itt tietre No ha dr Street ew Ynnk thyall

Stamp I

Clot C

o

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III7IISIIII U TV i AS CI IIAV-ollrr of AIIIIV Mnckholdrrs Mrrllnt

lvinil Mlrlitcan April IHOINutlrr Octet ittirn that in Annual

nf the stiirkholilrs i f Ihr Drtroli i It iis CompanyIII hr ii XVnlnwIai Ihr hal of 100111 iirlorl M rMl llni at IhrnfSrr of Ihr COMin No Iio 10 jfl Vo lvrnr Avrniiririimn for thr rirnion IMrrinrs md rot Ins

UaiKartlnn of oIlier Dsinr nt miy pnprrlyCiiinr l nrr the nflnlj

Tr Irnmfri l iik nil imril horn April ToIIHII Vi v J ll i Irill Inilisli-

rIU f ii lrlllll Prrsldrni-I Mi HKI WAHI AMI III lvi iriMIAXY I

Nrn York Spit 11 Iwnt Thot siocUhKlCr nl Its ronpan will hrlil itlli net nf ihr rnmpiiu i rimlindi ailed In thlTii n ihr mil iiny or Mnj t 0 theMinain fur olh r hilnrnIhr poll will nprn nrlorl nnn runtrosin nprii fnr oir hour Tlir menu rr honks willnr rp rd Irrm rloir n hmn SAtiirriav May4 unil ttr nirrninr l W dcf diy Slay ilIp order the Hoard or

j

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Cud

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TrrHDay AprilMrnwrmt by the extrnorrtlnary record

of trtnsurtlini on tho Rtoclt Kxrhanitn es-

tnlill hrd yrstrrrisy the volitIon of liuslnistoday shrank to what Is now rpuardrtlnot much in r thou nn nvrnisp totilthf MipsmrKrcsntod ltdijio hnrcsAfter Irniruhrily and ninny fluetuntlon h nvy Miles for liothncronnlvrnuwd-

j H general downward tnovpniPiit of prlcpshut mnrkpt did not nl nnr inert how

I thp wlldnrsn that lw frniucntlv chnrnrfr-J lod It of Inlrv llifr win ippnrrnt

nt the cli nny nutrwnrtli nprvoiiKn sor npprfhfnxlon and In mviy riiinrlcrs lln

Iopinion wile prf w d that the rcirtlon

hail tnlifn plnp were lipilthfnl nnd hOotalit further ronrpMiuns would bo Illsoly tobring ih new rmyinc Atlrmpts wcro mndcto nttrltttit the dpillne in apprehensionof unfsvornhlr results In the local moneymarket ltirldpntil to probable hwvymerit nf ROM to Europe on account of thn-Inren American subscription to the nowBritish Innn Titer no new and verylittle Ri sp beirlna upon necurlly pricesand It spurns n fair iis uinptlon that the technlcnl position of th market ll elf furnishedMifflrlpnt pxplinntlon fur the roictlon

The triders ner very mjerpi lvf nttempting to nntlcipite n readjustment ofupociilmlve nccounl In time three workingrlayn of tile week now remaIn prevlnmto the closlnc of the Stock Exchnnue on nextpnlurdny preparatory to iho leinrornry-trnn fer of Us fnrllltleK to the Produce Ki

j biilldini They nuccreded In rraihIng a areiii mnny ln orderi and thorwas n o hcsvy ielllng by operator of heavierflnnnciil cnllher 80 far ns the linmedlnlnfuture cour of price l concerned It wouldTint be surprising If onus further rridjiihtfluent of tppcitlatlvi condition look placohilt It Is to tie remembered thnt for a long-

time pact the commission houses hove eenadvising Increased caution anti discrimina-tion on the part nf their clients und In manycases hive mnrkrcl up mnrglnaccounts to nnunusually high average Then again rllvrly few of the active dealers In tile Streeteither public or professional realty expectmore than a few points decline from rulingfigures at the utmost and It Is epeeteithat on army further recession a great num-

ber of unldout bulls will ntlempt tn recovertheir stocks oven nt higher average pricesthan before Undoubtedly the most Importitnt factor In the general situation willb the money market Experienced liMn

do not discern Indication of n serloucontraction of monetary supplies Thetact In that very few people even In WallStreet realize the enormous amount of moneythat Is available throughout the country atthis time

Today ninny millions of dollars wereloaned on flail at an average of nliout 4 per-cent by local and outoftown bunks andfinancial Institution The National CityBank to have put out over 3000000 and n number of Interior banks and par-ticularly Chicago institution were freelenders direct In thl market So far nsexports of gold are concerned It la notewor-thy that subscribers to the new Drltlsh loanare required to pay nt the outaet only a per-cent of amount of their subscriptionswhich allowing for total aubicrlptlon Inthis country of ISO000000 would call foronly about llooooo or a comparativelymoderate itim In excess of the 1000000 Ingold that will be shipped to London tomor-row Incidentally It stated that this ship-ment I being made Independent of the sub-scription to the new Drltlih bonds On Iheother hand rumors were current yesterdaythat one or more of the Intending domesticlarge subscribers were likely ns a preliminaryto otTer to the Treasury Department largeblocks of shorttermVnlted StateS bond onterm acceptable to Secretary flare Whilethe hanks have heron to lose money to theSubTreasurr owing to the lighter paymentfor pensions the now of funds toward thlcity from the Interior continues nnd nextweek the 9ubTreaiurr will pay out approxi-mately 7800000 for Interest on the publicdebt

It ti a tact that great many person whohave been and still are In sympathy with thebull movement In prices tiellnve that thelarger Interests have still much to do In theway of perfecting their plans for the read-justments of railway line and time establishment of great economies In operation nndthat Incidental to a number of the currentdeals considerable block of highpriced

shares have been permanently taken out ofthe market The adjournment today of tholegislature of this State and the announce-ment that the IlllaoU Legislature will adjournon May S were regarded with considerablesatlifactlon by holders of securities of variouscorporations Chicago however was a largeseller of stocks on account of the continuedcold wet weather which has seriously re-

tarded the planting of the spring cropsThe market opened active and with busi-

ness well distributed Prices partly underthe Influence of the higher market for Ameri-can railway shares In London In most crisesshowed advances over the closing figuresof yrMerday In the railway share n num-

ber of material initial game occurred ex-

tending to over 2 per cent In Haltlmori nndOhio common Improvement of a pointor more were recorded at the outset In

Hallway Burlington aol SouthernPacific while smaller game were madn In

number of other ls ues The general marketshowed somn Irregularity antI felling forboth account cau ed recessions of i percent or thereabouts which were followedby smart recoveries from the lowent In North-ern Pacific common Ml ourl Pacific HockIsland St Paul and Inion Pnrlfle ant othershares extending to 3 per cent In the lastnamed About midday time tmiority of lime

list was nt the highestfigure limIt selling forboth accounts ranted irrPKulnritlen whichNcr followed by general reactionarymovement above reported

St Paul led the entire railroad list In pointof iirllvlly nnd left ofT per nt Slot lowerat u decline of nearly S points from the highestprl hock Island mslnineil an equal nIldecline showing a drop of nearly 4 pointsfrom heel figure limit the dealing In II wererelatively siniill Southern Pnclflc openedover n point hitcher hut the Mrs wasprnctlcnlly time highest of the day nod Iffinished l per cent not lower at n recoveryof less than n point from the lowet PriceTnlon Paclflo which wn cerond In resppft-to activity displayed exceptional strengthIn the early trading but reacted in sympathywith the general market nnd closed a chadbelow yesterdays final price Chicagollurllngton nnd Quip y Northern Pacificmmmon nnd Ilnltlinore rail Ohio item ex-

ception In closing nt iiii gnln nf n pointor hereabout the two first mentioned onreport that An official announcement nf theterm teal would be nuidetomnrrmvMissouri Pnclfle showed considerable IrreguInrity hill closed 1I ihnet decline of I per rentIhr point wis made rodny thnl tile pro-posed new issue of inoonriOi nf Ktoclc of IliUcompany n far is time ncriil ion ofDenver and Itlntirande Railroad dwill not pntill any increased fixed chnrgwupon the Missouri Pacific n th new stockwill b exchanseil Pun seriirlile alreadyexisting

Substantial declines nppurreil In iiianyother rnlwny and itt the industriallist sugar lleilnlnir after nn early iidvniiceof nearly n pnlnl left oil with nn exppptlonnlnet of l1 per rent The SLUMSteel Usiiet were mnre nctlve thin for xnnietime pa t and II dl pliyof strength hut emendnt change Smelting nnd Refining wns nnof the very few rureptlnin r 10 gBnernlrenetlnnnry movement ondin with A sllgbtnet Improvement The rnllwny bond marketwi aptiye tour In the mAin moved In svmpathy with the stock list Tile curb mirketwith th eiception or bank shares

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