The evening world., 1905-12-27
M4LLSZREEZ
MEnNEsDAY. De-. ..

Nv fsbsN H.CbA TO- St.
with call money ranging from 30 to
90 per cent. and a feeling Of uneaslness
regarding the monetary situation, in
terest In stock SPECULATION slaCkcned
considerably to-day, Prices fell of and
the volume Of TIE t~rpcsact!Ons was
about % per cent. less than yesterday.
Early in the day call loans were made
at the rate OF % n IS per cent. and
renewals at 30 per rent. Subsequently
the rate advanced to IS uer cent. and
then the stock market began to Vobble.
Secretary o. the Treasury Shaw s)elt
two or three hoys at the syb-Treisury.
wT,ere he was Visited 10y several anx-
ious nnarciers, who urged upon him
the necessity for increased Government
deposits In New YORK baaks. Mr..
Shaw, however, gave these callers, no
encouragement, ari to newspaper men
he said he did not care to discuss fur
tier his prospective policy regarding
monetary relief, The impression gained
srouad In Wall street during the day
tat there viii be no action by the
Treasury Dcplrtn ent unless an a9rte
s~trinsency Of money is complained Of
In mercantile circles.
As Wall s.re4t Views the local traction
merger the proposed exchange OF new
securities for old cncs leaves the real
value 4 MetN politan Securities ~ in
the air, Speculative holders daiitar-
ately threw this stock over GARD in the
first hour, its price declining from 81 at
yesterdays close to r. Metropolitan
Trac,ru maintained a fnmer tyae, but
1t, too, was rcvcrish. II sold ~ from
l2d 81 to III H., then Dropped quickly
to l2i 3-i and rallied only under tho
spur Of liberal buying orjcrs PUT in
by Rclm,nt and Ryln Interests. The
ntw traction s"curiti ; soc ~ tel n
the curb for he first time this morn
ing. Hne proposed Il-2 per cen. Slnds
were 81 bid ami y lSl:ed, 'rmmOn
stuck 81 IA to g.; preferred ST * ~
to los. A statement wa Issliad during
the day that the blnking syn auItC
which has been orgtnlz'l to uulcrHite
the common stock 81 Inc hOiiiNg g m
IIny, Will take such plrt OF IN" Njm-
Irpn cck Of the new c mpany rs IL
not distributed In tho eNcpango for
shares ~ tho old cmraDics. In case
nny shareholder OF the Metropolitan
Street Railway Company does not care
to exercise His ,ntloN of receiviny on'
share of new prefer ul SOCK and % per
fc6nt IN common stock fNr each 's'te
OF Metropolitan he vii b. rivcn So n
ca \ per share In e. Of the new c'm-
mon stock.
Sugar sharrs'nt higher prices occasions
more or less inquiry. In the Stock Elk.
change an idea prevails that there will
be n melon cutting about tho first NJ
the year. This "melon" may reach'the
stockholders In the farm OF a scrip dis
trlbution, which Ii said 10 DE justitablo
account Of the greatly enhanced
value Of the Sugar Trusts Cuban prop
American SHELTERS advance OF two
points to-day encouraged the speculative
followers Of that stock 70 pin still more
faith 10 the boasts OF the insiders that
the price will so to lb before New
Years Although, as a rule, Smclters
acts In sympathy with the Copper
II manifested a decidedly indie
pcndcDt spirIt TO-DAY.
Muct OF the henvlness and Irregular
~ In the coupe sbrcks was dnc 10
proht-taking, ,Ana"o1dl nuc'u-
ated widely. selling at 2F3 at the omen
Ing, rallying to 2i9, then dno0plng o
~, and ~rallylng brisRly n second tire.
The shares Of the Amalgamated Copper
Company, which owns Anaconda, w're
very active, but lower than yesterday.
feeling Of uncertainty prevails TO
rding the e1e't upon the Amalgn-
mated dividend OF the greatly increased
producing y wer Of the Anaconda nine.
With ore producing but ; per cent o.
AnaC1ndl was able to market
IN, con. 900 pounds 81 the metal annually
IT n handsome profit, The new vein NJ
copper recently discovered Ii said to
an average production Of Is pc
Of the metal. or course che gel-
tral public has NJ information as vet
TO what extent the owners OF the Ana
rOnda mine will deye,o? the new find
This nina now has eight deep shafts
zach equipped with expensive modem
An officer Of the company
says that the recent mining discovcrie'
In the neighb )rhOod o Anaconda makes
Butte the greatest copper and silver
camp IN the world.
Unusual strength was displayed by
Corn Products shares on the renewal
OF merger talk. There Is seml.ofTcial
corroboration OF the report that this
company will be united with the Civ
cOse interests in n holding company 10
DO organized under the auspices OF
III N - II nl ~ A