The Cincinnati Enquirer from Cincinnati, Ohio • Page 5

I LETTER Tcv Delegates oiimient ih Asso- organizations, ber Tells Members home Unpledged Viaduct Discus- Night. is yimit That the Hau- b. Is Soliciting Sup- Before General- Ion trlat the .1 i rt'anliitlona, to i 'Jnl to-morrow I. iiii'I vlnrlurt 4nti rfntinn and Ttu) aubj-ct liy both tne j. tf-at-h ragcr-: itiiy, wllh aoroe -iniiblt iAIiefaine I.

tt. ri wra re tin: Aafrlal I i ilwilwr, d-t- "I In which i.i i I ami N. i ili-ji to up. I inlvb'nif thnt tho tin II 1 but i ly irair botli Ij t-r In nlmply a And the in mi lila jwn ra- iia fnniiltatltin iii i. niuil connll- ml ih aofKina; Arwirtatfil "T-in Hriire Hi i iiinN th.

lublic Mtni' ture. Thla iiHliliri'il by tho nt thu An- I will prubably bo nli tli un i InK fallod for Waiit C'nceasiona. 1 1 nf iliiiihlo privilege i.i arnl N. It uiy-t irei'lprocato, i tin- name awltch-i' ini tits that are i i voliinlnrlly 1 i.r. H.

and t. i to i i iimMiMly ailopted i .11, ijliecn 1'lty Kilriittura Kx- iMi. (itlier organ- i i' hiiliiairtra moat Mllnn. ii 14. tin nt Ih Hollcltlna; 1 il li KHtegi to the Kniilly do nut i.u linve rarefui- liiie had ftio li 'al'lea of the 1'ilweher ald to aecure lea.

und I in rrlnlnl the a ill he fully Kniliiy evening, in Itliolll A 1 1 de-if tin' 1.. and N. uiurniKi! and "4. .1 to the.shlp- I Instiuctiona. 1 1 1 ..1 KimlzHtlona aa 'I iniifler.

like the '1 M.ikers' 1 1.1 j. .11 (ity Ktirnlture a of course, 1 i 1 1... own organl- i' Hut such rie'le- 1 tit-H wy should i' 1 I to hear both ii. 11 1. the proper a-ie'il nbout the .1 Ii.mi.1 -tlint the 1 1 tliar IhnX I 1' I.

'1' fMll hits hi- said, "da ull tlint the 111, 1 :1 Kiectal I i is only, oftl-!" fc'. nTi.1 any I'ji sent 1 i mill t. li of the or not lit cli 'H 'i 'I to htm by! f-ii'iH "1 hitvii f. they I "ft 111 have my unrting on Friday OD ADVERTISING 'lili'K. the I.itrat v.

sine his lm-t tlwtt flood ml-- even If the off thu in a strong Ikt- ini tin- nil. and wlr.oh anoblti iiin.iti ha a mitti-I are tre-''1, In the celittn her mcif- 1 lartc4 1 "paper ndVc foUowcd. the smi'k-P'1'fs. Mia I club, to' lie 1" S.l,r: of Ch- 'Ion: of Ou- j- 1 lititmanatilp BAKX OPENED. th- IH.

The i.ik. itij a capii- i c-i- present and '1 -r- of the STOCKS. Allls Chaimera.l AmaL A i Am c. r. io pref.

Am. Cotton on Am. Loco'otlva Im nraf "'Jf'w institution neat menpf t. a art-at tun- I neaa iTismess of tbe i if arrcharloa- LlvrTirvr. i declared, ir 4 i P'r cent.i as ki 1 'tr.

The annual of 174 vr. Jii I1.2TW.230 fem ARSON. I- ''''n-yeari-old 1 -V "re 'to the on Front ago. -jugt -ft. "'tfn b-fore the with arson! Am, Smelter.

.1 Am. Su Ijo pref. In pair Do prf Int. Tump ln pref Iowa, rentral 'I to pref. KAn.

B. t.f.. ii. Ml A I pref M-a. Ontral M'.

Pacific N. Iva4 io prff N. V. Vntral. Nur.

-cino Amerti-nn 'Jot tt Iflo Mall Penna 7o lit pr.f.. lo 2 pref us. at.i,,. 1 (f.tile'a Oa. .1 Kail fiirlnaa Kf-atllna; It-P.

II i.rf. l.lanil Uo pr.f. -I. I "Si IT 7 67V 373-W 1 47S' 4S 30 StMll I rona Oa. (ltM'lflii Lm f-riiu Io pref 1)1 DtMIM-r.

am, fiel. i- i. I to pref Erl. I l.VAf lSI Io lit So aoij 'if .1 Oen. lr l'i 74f 67V 71...

14S 2f 121 I 7 19, 6tfS A7 1 72 aa Bfii 22V. 23 29 27'i. 01 i 1 1 AT i Mi- 271 I I Vt.l Itar il 191 1. '1 tr.t. Am.

Tot, I mw as i lou Am. Wool Anaconda AtrhUoa TX pr.r Atl, oui n.i wait IJl.cutt Do pref Brooklyn t. 17W. iV 37V V. BOH, hi.j.

1 I 47 4f.Nl 4t! Z7 fit; North pf fia.Ta 123 1 10 yjn nt N. r.rr rtf. i 5- i' Ii: ilff 1 nunoia entrai tan Itlt.r.-ioro 7'i 7 WV.f, '4I 1 aiSl- lVl ao 2r' law INQUIRY 1 2JO SUV 37Si 1I4 (... 1- .1... 2 tan i.

1 1 Io pr.f ta fhltr. fjt. W.I 6 I 4Sif IS 4'4 North c(o. Hou 1 1 "1 ti'. I AJ i 4.41 Hofii; 'i'aVt 1I 4o 12 m1; U7 I7j 1.7 23 I H7.i soo MV I I Mt, lo ia I la I 17Hi; 17' 17.

l.vio 'JM Dif 4K141 .12 I imt' 13V i 2'fl 12KV, 12V4I124'4 124'027l 31W 4" I 47S! a2; I hi', son Jl. I 2H 2H 2" UN llMTa lttMiv 1 1 tit i "ia; -IS' B2'' i 4 lori4 in I I its; ihi.i gam 7:1 1 7SS; 71'4I 7:1 I 2-o 141fc' 14' 14i 14', US' IM'I a.4: 2S 2.1 I 2J 3. For Southern Pig Iron Shows More Interest By Consumers, But Light-Buying. Shipment on Italian Order Has Begun Another Bessemer Plant To Opened Soon. irirur, DiiriTCB to the rxgn.ss.

Birmingham, March 181 Tha Southern pig Iron market show a ltltle Improvement, not In actual buslnesa but through Inquiry. There has been a little better Inquiry received recently, some of which bids fair to result actual buslnesa. Quotation remain firm at the price that la now given as the proper figures. $12 to J13 per ton. No 'i foundry.

The Tiome consumption Is atill off. Announcements are made" that the Central Foundry Company plant at Bessemer, 12 miles, from Birmingham, will be started up- again before the expiration of this month. This industry has been Idle since Christmas. Employment will be given to between 3f and men. and considerable Iron -la used In the dally operation.

One of the large cast-Iron pipe planta bf the fnlted States Cast Iron 1'lpe and Foundry Company In this state will also shortly be putn operation This alsq will mean a considerable -melt of the product. No delay iwhntsoever Is noted In the Iron busi ness. The export, oroer 01 aooui tons of Iron', tho product going to Oenfta, Italy, via has been started on. This Iron Is. being sent from the yards of the Bessemer, furnaces.

30 tons at a lot. As stated before, a low freight rate was secured on tlhls business. Inquiries ba-ing received In the Southern territory would Indicate, that foundries and other large metiers of metal are' anticipating better times as the summer comes on. The jreat activity In the, steel Industry around Knsley. In the Birmingham district.

Is attracting attention. There la steady employment at all departments and the production continues at tW hlghwater mark. Kvery ton of siecl' rail being produced is In demand. A committee, of the I'nlted States Steel Corporation made another trip through the open hearth and rail mills at Ensley during thii week. Thla visit Is looked upon In an optimistic manner, and Is believed tit mean extensive development In the near future.

IRON TRADE Cleveland, Ohio. March I 18. The-TrAde Review to-morrow wllksay: HALT IN DEMAND Iron The awarding of. contracts by the Government and muntclpalltlca and tho I Knvimr.nf wire, tlnnlats and other products I to order at manuiaciurea oy wi ih it directly connected with the farniera. ton- a.ie!' "ni" th" n'nm aupport of the market, t.

I lllti'llrli lit" of i. ho rep- I ur.Kotl;ltloui II but the decision of the Chicago, Milwaukee I and St. Taut Railroad to begin upon the building of 2'. Tit a 1 steel cars and 70 locomo- tlves at Its Milwaukee sljops Is an encour- 1 aiftng Indication of increased railroad activ ity. In aomo finished lines, especially structural material and malleable castlnga.

there ia a rather surprising number of small orders, and In many oases prompt delivery Is insisted upon. activities of the Steel t'orooratlon show a slight Increase, and sirme of the large Independent Interests re port orders for the first half of March nntountlng fully to 10 per cent more than for the first half of February. The Steel lnn -vin 1 1 1 1 -r -t hfk nnw enn- v. o.iys j. M.

Giddingr in structlon ordered last year, and other, im "To AdvertUintr Men provemente are being approved, but apfero- i prtationa for the whole year have not yet talks been considered. American Sheet ahd the AilvertlM'rs' Ttnplate Company ls'said to havo abotit lihmnem Men a i 75 tier cent of its capacity in operation next week. denrnnd from canners and other large consumers la heavy, and in wire prod ucts there is also a very active demand. The building of the new. equipments by tho St.

Paul Railroad will require a con alderahle tonnage of billets, steel under- frames, gray Iron and malleable castings and boiler tubing. Buying by rjilroads during the week has not been heavy, but we note the sale of kegs of spikes. The pig iron market is dull. The coke market Is weak, and there is very little activity. The fear of a strike of 'coal miners hits had little effect.

The old material market is not active, and price are Which Promised So Much For the Iron andSteel Trade. ptrtAL nurvn a to tbb Egrtia. Pittsburg. Pennl, March l.r-The Increas ing demanil for Iron' and steel, which smarted with February, came to a halt thia wKjk. But it has not changed the optimistic tone of Iron and steel producers.

ThAre are numerous inquiries from Western sources, but no ordera. The export buai- ia gaining headway, but, aa it la not as-'profltable as domestic trade, turer do not take it into consideration. There la considerable repair" work under headway, whleh Indicates an early resumption at many planta; in fact, all new work rrocKa. coke prices. Ona producer claims to have until jOp "I JJEW YORK STOCK QUOTATIONS.

Op High! Low.CVm 'Te- i ll lMv)7. South Pa4ftc .1 74" 2'- Ry Rubber I'n. Famine t'n. Ba A Do prf u. Cat P1P, 31 -I A.

It. tA jo prf. ar. Io prf. w.

i. T.I W. AI 1.... 29S ae ltS a 4 27 VP, 7 i 7U itHi 1 10-4. it ao 1 1-.

ea i 7n 71H 774i 7B no .111 Can. Pac H4. HAS Cen. Do prf. 0 c.

ft ot. vr. Do prof. li irw 1a 4V, 4 7 North. 14SH f-010.

j'-. at i. i 21 1 Do in pre B.V.i'i4f Do 2d pre. 4rtS 44 Cona. .11114 prji, Com I 12 i lSVt Do pref.

I 2 i Dlerll. JWi 3, Ifl. ft 1MH itei. a laciftw 4V. D.

P.lo O. 1 19', Do pref, I 51 Erie 14V 14'4 -Io l.t BO 1 2d pre. I 2o-V 214; Gen. Elec. 120 121 fit Xnr.

pre lllf, ti'4 Ice 17. 17'a in. l2- Interb. Met.S 7 Do nref. IHi 19 Int.

Ht Do prf. IW MVi Int. Pump. .1 2.1V4t 24 Do prf. 72 I 7 Kan.

'City 8 21 23 fr Demtntck Domlnli-h. Banker. Bro kr. US office, J3J film riw. Bmwi tc.

mueva imam J. jsnrr lab! m'''I I MrU 72j 744; S-VD a i aivi Do pref. 1 St. Paul II 13 jtl7 H74 llva, 247W Bti, si i as Tx. pmcne A 1 lt W.I 14', -ii- 4V I IWf.

ST. ST. S7'i 7U i 1 01 si w-w azx1 Wti ftl Do pref. k. -t Do or ft.

M. Cent. Hi. Fee Nat. Do pref.

T. Cent Norf Nor. Nor. Am. Ont 4V Pac.

Mail Pal I man Peltna R. Io pref. Rubber pref. I Ht. Rt A B.

r. ill pref 6t A 8 VV Do pref. Ry. .1 Do pref. South.

I'ac Tex. Pac 7U s'4; T'Val sale. aOO.500 aharea. Ex-lrl4n4 1, Alllahal. Do pref.

AmaJ. Am. Can Do pref. Am. C.

A r. 10 pref. ot. Am. Jyirotno Lto pref.

Am. melt I pref. Am Am. Io pref. Anaropila Atrhlaon Ifo pref.

At. Coawt 1 Halt. A 0.. lli--ult I to pref. Cloaiog; QuoUtiona.

I BI1.1A. 17 i Bld.lArt. 21) 22 4X wz etL, Peo. Gas aa Preea. ftteei.

21 Do pre- 77 27. 2HA 1ISOS. 162 -(114 11. S. prat.

mt aa 17V 1 aa 60 9ii aH4, ae as- 124 47 a4' 124 iiv: x2 19 av4 22 HO Reading '101 PMT, Do 1st pre. I so as -Do 2d ere. 774 Utli. R'P- I. A 171-i, 17 TIH! 71 71 24 4 25 12 13 I 31 us! 11 82Si aa 72i 14M.

IB Un. 121 Do pref. C. Caat Do pref. v.

a. co. Do pref. Wabash Do pref. W.

if. Weat. Elec. Wis. Cent.

Do pref. W. A K. Do let pre. 11 Do 2d pre.) ia ia-4 117 1174 1 21 74 32' 82 la 48 41) 14 lS 41 1S4 3.74 40 a 1 Vi old 10.000 iona of furnace coke at $1,90 per Jon.

to be delivered at the rate of U.KI tons each month for the next five months. Furnace coke Is "being offered, at $1 70 per ton at the ovens for Immediate a decline of five eenta a toq. -jtt Is believed that- with the posing down of the coal mines. April 1. the price of coke will ad vance.

Considerable repair work Is being done at the various coke plants, and ordera have been Issued for a number to reaume. The general committee of tne various pig Iron producers and consumers will meet in New York Thursday to canvass the situation and to take action on fixing a minimum prloe. Owing to. the i continued decline of Southern pig Iron prices It Is doubtful If the price can be maintained where the United States Steel Corporation wanta it namely. $17 per ton for No.

2 grade at the furnace. There have been enough aales below this, some as low as $13 50, to offset any higher price being established at this time. With the opening of spring weather the railroads "are preparing to take up some delayed Improvementa, but no extensions were Included in the schedule. Structural mills in this district are bidding on Western work, which will be let within. the next two weeks.

-f VIEWS OF-IEON AGE. IPiriAL rtF4TCB TO THE SNQl IEEE. New York, March is. The Iron Ago tomorrow will say: I "The volume of new ordera booked by the rolling milla and stnl works continues to hover about the flfty-per-cent mark of actual productive capacity. There Is.

if anything, a falling off In railroad purchases, which is compensated for by tha -better e-mnnd for the lighter lines. Among these the wire trade Is conspicuous. It is estimated that the leading interest ia taking orders thus far in March equal to 82 per cent 'of the business taken during the same period last year. Tin plate is doing well, and an Increasing number of mills are being put into operation. I "The steel-rail trade Is very quPt.

and car builders have very little work. There is the prospect of more activity in locomotive building. Ona leading system Is In the mar ket for 100 loeomotlyes. another Is asking for bids on locomotives, and an order has been placed for 30 engines for export to France. COMPETITION Provided For in the Proposed Law To Govern Allotment of State Funds To Banks.

i I rBCTAZ. P8RPATCR TO TUB XXQCIBS. Columbus, Ohio, March 18 Senator Fred Howe, of Cleveland. Chairman oj the com mittee from the Senate which- is Investl gating the departments' of the State Treas urer and Auditor, has discovered sufficient evidence to convince him that the state Is not getting sufficient revenue under the operation of the depoaitory law. Besides there has not been competitive bidding for- the use of the state's money, and to bring about a different condition of affairs he offered a Joint resolution in the Senate.

It requests the State Board of peposlt to send bfanks to all banks In the state requesting bids aa to the rate of interest auch banks ill pay for the use and safe keeping of the public moneys in accordance with the law. The board is requested tq meet within pn month and distribute the funda of the ftate, now deposited at noncompetitive rates of interest, among the banks of-ferlngihe highest bids, in such amounts and under, such condltlona as are provided for in the depoaitory act He claims in the resolution that the state -haa been receiving but 1V and 2V per cent for the use of the money, while some citlei and counties. In the state are receiving 3ft and 4V per cent for the use or their funds. Should the resolution be adopted tt means that all atate money now deposited in. the banka will be galled in within 30 days, un be galled in witnis an ai less the tain 1U uTdura bid high enough OHIO INCORPORATIONS.

fbcial jtnrTca To tbb ixqi-ibbk. Columiis. Ohio, March 18. Tneae charters were granted to-day: The Company. Cincinnati, man- ufacturina ladles' shoea: B.

J. Holtera. VP. H. Crarln.

I K. M. Holters. W. O.

Byrne, Frank J. TVenstrap: capital. fJO.OOO. The Colonial Laundry Company. Clevslaad: Nathan tVetsenbera.

Mamie lxBtffler. Franc la Joiner, 1 Andrew ijoafflar. Anton Mets; capital, "'-TnoETmpo-lum C.oak Company. Cleveland: Kohn. J.

Kohn. STthel A. uivea. lee aaa-flelj Behr; capital. avtXt The Hlagtna Stono Company.

Bellevue; A. Hlsaina. J. A. C.

B. Hovt. A. A. eulp-man.

A. capital. MJ.OKO" The Eureaa vtl ana -iui "i Lancaster: T. J. Barr.

W. T. Younk. E. Kaman.

iW: I- Martena, J. V. Green; capital. W). The Prospect Morning con-pany.

i-veiana: j. Free. H. Hoyt. Oitv.

Hoyt. C. F. Lewis. Smith; capital.

-v- Pastett-Loeb Company. Clevelaad. hata and L. Loeb. Joerh Iv)eb.

Fv Schick. w. Skellv. A. J.

Schur: capital. KS.ooa. The North Eaton Telephone Corayany. North Faton: L.nrbort. ThMnaa Ha lea.

John F. N. Hvn. L. T.

Davis; capital. ''ThWinamatfura Home Telsphone Company. Wllllamaburg: J. O. Fuh- W.

T. El rod. J. "veJv J. P--Allan.

C. Pattaa; capital. MO-COX 1 AlpBICH BILL FAVORED. arsctAt. rtrATcn to thb bxqi ibbb.

Is of thia character. The large order 1 tuvoie. Ky March 18. Opposing the booked during the week waa for 50 y0rk- Board of Trade and the report of eight-inch pipe, secured by the South) the Currency Committee of the Works for tbe, Dawes 8'nd-ican Cankers" Association, the Board of cate Building, an oli pipe line from Texar-j TraJa to-day passed resolutions favorable kana. Texas, to Shreveport.

La. 'The bid-'t( the emergency bill. The action ding on this contract was the most fpirtred wa3 explained by Chairman Logan Mur- vi tne jear, -anu whb tfi'ijioj w. 111 ern Penn.rlvania concern because of its ubllity to handle the freight by water Instead of by rail. The pig Iron market has not produced sales of any consequence, one carload of No.

2 foundry going at 00 valley. The iron was a little off grade and can be classed the rate of $1 valley. To-day -there haa been a alight break hr ray. tbe committee, saying that, the members gave wrai 10 niifiiurm found! tbe Olll sarte ami logical. WORK OF PUPILS.

PARitia Down of Dividend Rates Caused Sharp BecessiB tf Wall Street Boll Blovement Trouble Was Started With Cut By New York Central, Which. Was Fella wed BjW-stiighKe Air-urake aid I niaa Tjf ewriter Bulla Take Ta Waada. arBciai tmraTca to axorm. Tork March 13. Announcement of the reduction of tha New Torla Central div-' aix-per-cent oasis to 0- per cent Uila moming was followed 1b the aloca market by heaviness price, which re-aolved ttaelf near the cloae of the dar Into extreme weakness in the railroad aection 'o the list.

Before the dividend action be came known pricee of the leading railroad tecKa, -including New York Central Itaelf. Union Pacific. Reading." Southern Pacific and several others, rose a poknt or more. The advance waa ahort-llved. and before the end of the flrat hour quotat-ons were yielding rapidly before an outpouring ui Bioeaa, wmch seemed to rem-esent re newed liquidation, aa weli aa professional short aelUng.

At the end of the day. Hrhea the loweat figures were touched, maximum losses ianjong these same stocka ran' to 4 points in New York Central. Union Pacific and Reading, with declines of 2 points or more corn mom to many aharea. The aver- age -waa, well below that of the preceding night. The influence of the Central's dividend CUf appeared to lie in the rather general Inference that, now that thia leader among the country'a railroads had taken the plunge, many other-roads which had been hesitating would follow etilt.

The earnings statement or the" Baltimore and Ohio, published during the day, provided a general argument in favor of such a Course, its net loas tor the month of February being some and for the quarter ending with that! month -3. lOtJ.OOO.. Among the roads which advanced dividends to high figures at about the time the 'Central established ita -alx-per-K-ent rate were the Baltimore I and Ohio and Atchison, each to 6' per cent. ana toe Pennsylvania to 7 per cent. Reduction in all these "digburaementa will now surprise no pne.

Reasons For Central's Cut. Aa for the Central action it is undoubtedly wise, and would have been wiser had payment" been restricted to a 4 per cent per annum baaia. The road, owing to hvy charges for improvements and betterments, has been forced to squeeze large sumM out of its subsidiaries in order to cover its own dividend requirements. Jn the present year it has to face an additional interest charge of through its recent issue of equipment notes, and to provide in addition to retire that amount of the noteu. Ita earnings, like those of all other properties, have been falling steadily, and there waa no prospect that It could suc cessfully cope with these additional charges.

to say nothing of its regular disbursements. without an almost miraculous change in trade conditiorn. The Westlrighouse' Air-Brake Company cut its 20 per cent dividend in half during the day, and the Union Typewriter Company omitted ita customary distribution on Its common shares. The other side to the picture was provided by the report of the American Railway Association on thf number of idle ears on March 4. the total of 314.0O2.

showing a decrease of nearly 211.000 since February This is rather marked improvement. Liocal banks reported another small gain from the Subveasury. but no changes of moment occurred in money markets. While discount rates were unchanged in London there waa a strong feeling that the bank rate will be reduced to-day to 3 per cent. and in Berlin it Is expected that the- German Rank will follow this lead by further reducing Its own discount.

Several new securities 9'sues were announced during the day. Involving financing In money markets. these including of new Illinois Central stock to be Issued to stockholders at par, and small issues of bonds by the Chicago Gas Company and the New York Air-brake' Company. The Illinotj Central has also under consideration the question of issuing an or convertible bonds equal to the stock issue already arranged Bulls "Well Thinned Out- There waa not much militant bullishness lert at the close of the market to-day, although it would acarcely be accurate to aay that the bulk of the traders, who have been following the advance, were ready to admit that the present upward movement had culminated. Without doubt, however, me snarp reaction in tne arternoon was sufficient to minimize the courage of the outside traders end make It difficult for the average broker to explain satisfactorily any advice he might have given to continue on the long side of the account.

As a matter of fact, market literature in the last two or" three days has been extremely conservative, the genera! tenor of the advice being that.v whatever other there might be in the market, a reaction was logical after which there would be an opportunity for- further purchase of stocks Undoubtedly this advice will be supplemented now by tbe suggestion that there need be no hurry in determining the precise point of the reaction with which purchasea would be logical. Lnless the rally from yester day's reaction is prompt and effective it goes without saying that some of the mis stonary work which has been done in the matter of revivifying sentiment will have gone for naught. Undoubtedly the reduction In the Nes York Central dividend wis a material in lluence In bringing about the decline. It wa not only the fac that this dividend was reduced, but the guesses that were made in consequence as to how many more would be cut in the near future. There waa no hesitancy.

at all in discussing open such prospective reductions, and the names of other companies were given freely aa possible candidates for reduced dlvi denda. While there has been, aome di- cussion of the likelihood of a reduction of the New York Central dividend, even this morning, before the meeting. many brokers reassured their customers, and i insisted that the regular dividend would be declared. The subsequent weakness of the stock waa perfectly logical, of course, and ita adverse influence on the market perfectly apparent. Other dividend were passed to-day, and.

taking it all in all. the dividend question and the possibilities of reductions had much influence on the market. Some Favorable News. All the factors and gossips in to-day's market were not bearish by any means, as, for example, the' report from Washington that the President had practically decided not to send a message to Congress. It may be, peculiar reasoning, but the financial dis trict is willing to construe aa a bullish In fluence in the situation any repression of the Chief Executive's desire to instruct Congress.

More satisfaction is felt over the announcement that no message will be sent than there would be If tbe telegraphic dispatches said that such a message would be transmitted and that it would be favora ble. Again, most of the talk relative to the ateel and iron aituation waa favorable, and some cf the experts in the trade reported improvement. The monetary situation haa little influence one way or tha other, as the rates are sufficiently low to cause no worry in speculative quarters, and time rates would Indicate a maintenance of satisfac tory conditions for an Indefinite period. Weakness of Smelters was said to be due to the fact that the shutting down of low grade mines) make it very difficult to get the mixture to smeit high grade ores now being mined. The Weetinghouse Air Brake dividend declaration Is 24 per cent quarterly, payable April 10.

This is cutting out the 2H per cent extra- Reading Company has declared the regular semiannual dividend of 2 per cent on its second preferred stock, payable If ay 8 to stock of record April 22. At the regular meeting to-day of the New York Air Brake Company rlWrectnr the board authorised the Issue of $3,000,000 per cent 1 20-year goid bonds, convertible Into stock at par after July at any time before July 1. 1914- Tha bond a rllsolay of freehand cutting, on exhibi-t wiH be offered to stockholders. the Public Lrbrary, is the work or The American Shipbuilding Company of pupils in the first aad second grades of the Cleveland. Ohio, haa declared a dividend of The exhibition will ontinu.l tat ne mt on ttm nretarrad.

atoelc- navaKl. Friday- I April X- Conditions at Varttrua ToinU la Uia SUtaav. 1 The follawtsg labia ahova tna alata oi leather at th place mentitme-d. a r- ffMr 0Bma at a arcaoca night, aerenty-Cfth martdiaa mat: OasaarAttoav Abilena 1 aa Atlanta i 7a Pltlmore 43 ButTato Cairo its Charlotta Ta Chattanaen. Ch.jreana i.

nu-aso Cincinnati Cleveland Column. Corpwa canst! Da ten port Deavtr Dodge DobtMraa Duluth El Paso j. Galvaatoa fSraad a-nida titles. Huron Indianapolis Jaekaoavlllo Kanaaa leader Little Rock Uoulavllla Memphis Mont ornery Na.hvllla N-w Orleans New Tola Xorfotk North Piatt Oklahoma Omaha Palaatlno Parfcarabura; Philadelphia Plttabura Pueblo Rapid Reatna Bt. Uonls St.

Paul 8aa Antonio f.nta Bhreveport Pprtntrtleid. Sprlnxaekl. Mo. Vlcksfefirf waaninatoa aa 4 57 34 4 4 44 4C 7 -0 S3 IS 4 74 40 aa B4 7S KZ 7 B2 7 sa J74 aa 0 tw 40 4S 52 20 lo 40 2 4 62 82 40 r.t 44 :4 (4 I 8-W. 4 a.

w. 4 JE 1X2 It. i OJ trsrtAt Bur a res to th sxqr tars. Ti 5- 5 54 ft a it tear REDUCTION wadr 2 1oo4t -Jr iCvhkJt icumdy ai iCioadr Tr -Ciowdr bcn4r iPtC'dr TT.tl-4oudT Pt-t-iiy IClondy .02 iOoudy 14 Rain Tt rrrtty tcioudr a iCIear .42 av ciaar Tt. jCioar (Clear a icloudr fioixir 'fir Tr lnr a j' icioedr Clear frtoadi Cloud atPt.t-dy -Iniy -72 l.a-t ctondr I 1 Tr.lSnow a :ci.ar Oa (Cloudy .0 iPt.f-dy 0 IClear .4 Rain (Clear Tr.jCloinly In Iron and Steel Prices Not Probable Until Heavier Ton nage Is in Sight.

Late Easter Against Present Business Showing in Comparison With a Year Ago. Kew York, Marcfi 18. Steel manufactur ers are dropping Into tha city from varl- ousvpolnts to be In attendance at the con Terence on trade conditions to be held to morrow, from what they aay it would appear that prices are again to, be reaf firmed, as forecasted In these dispatches some time has already been point ed out. a great many producers of steel are infavor of a reduction' in prices, but at the lame, time they show perfect willingness to await the time which shall be decided by the Morgan-Gary as to when the reduction shajl be announced. Prices will not be lower, it is understood, until such time as business In sight Is of sufficient tonnage to warrant a cut.

Until such time tt Is the belief that bent interests of all concerned will be subserved by the maintenance of prices. The recent falling off in the new tonnage being booked is regarded as excellent evidence that no great amount of business would secured -at this time by cutting prices. It is estimated that the tin plate capacity of the United States Steel. Corporation Is now engaged to the extent of about .75 per that more then 00 per cent of the wire capacity- is and that between 4t and 5-J per cent, of the sheet steel capacity is being operated. Steel rails, structural ma terial and plates are the laggards.

There is some Inquiry for pig iron in the market, probably for 6.000 tons all told, the greater part of which comes from Central New York founders, but sales are very few, which indicates that would-be buyers are seeking concessions in price. Retail stores in the dry goods trade re port that the late Easter, which falls nesr- ly a month later than a year ago, is at least' an important factor affecting the comparison of present business with that being done at the same time In 1907. A favorable feature is some Improvement in the export trade because of the ability of exporters to offer prices which are attrac tive to the forelgnera. China la buying in a limited nay. Ltnlpgs taken by- tbe cry goods trade are In fair request, but ordera from clothiers are far below normal.

Some shirt manufacturera are covering their needs for the spring of 1900. on the theory that cotton good valuea will find their low level within the next 60 day. Reports from the trade In and around St. Louis, St. Joseph and Omaha are not all encouraging.

An Important decision to the effect that leakage occurring while merchandise Is In the custody of the Government at public stores does not constitute a nonimportation and that the loss must be 'borne by the importer haa been handed down by the Board of Appraisers. Allowing that their ruling might aeem to work- hardahlp In many caaes, the appraisers hold that Con gress alone haa power to correct the injustice, if it exists. The case heard was one In which a barrel or oil arriving in 100S was gauged aa holding oO gallons. Duty waa assessed on this gauging and the bar rel was sent to public stores for examination. While deposited there the oil leaked out and the barrel waa extremely empty when delivered to the Importer.

The importer claimed the leakage constituted a nonimportation, but lost In his contention. A New York paper prints the following concerning the copper aituation: "The demand for copper has so Increased the copper-producing companies have sold ahead to the extent of 100.tJOO.000 pounds. Thla marks a vast Improvement In the cop per trade. Of these sale for future de livery it is said that the United Metals Selling Company haa orders covering 50, OOO.OOO pounds, one of the large Independent producers orders for 30.00O.nio and other producer for 2O.000.0OO pounds 'During the list two daya the price, wh eh haa receded fractionally under 13c, haa again become firmly established at that figure, and yesterday aales were made at that; price. Ordera ranging from 1, 010.00) to 3,000.000 pounds are said to have been placed In fairly large number recently by domestic consumers.

One of these ordera for the larger amount was held up by the suspension of the Knickerbocker Trust Company, which was the banker for a power plant construction enterprise, for which thia copper haa been ordered. The order will now be filled, aa the trust company Is to DIAMOND INDUSTRY Waiting For Financial Recovery In i This Country. London. March 18. The dependence of the South African diamond industry on flnlncial conditions in the United Statea was emphaaixed by Sir 'Michael Hicks-Beach.

St. Aldwvn, when he presided this afternoon at tbe regular meeting of the Bank of Africa, "The present depression, as rt well known. Is due to the cessation ot the American demand for said the Viscount, "but things move very quickly in America, and It may be only a short time before the financial conditions la the United States, which, evidently are improving, have so far recovered that the natural appetite of American women diamonds again triumph and the diamond market will be as good as In the past." 7 BIG GAS STRIKE. srsciAi. -HspaTca to sax Bsorta.

Who. ling. W. March 18. A srreo-millloa-foot gaa well wa drilled an the McKim farm.

near FoUBasbe. Hancock County, by the Kanawha Oil Company thia afternoon. The depth reached waa about L7U0 feet. This is the strongest gas well ever drilled in this part of the. valley, and there is much excitement.

WHAT'S GOOD FOR PAPA'S BABTt Bad Crosa Cough Drspe, Se par Taea. THE EXQUITIETI, CPS' Ciyy ATT. TIXUItSDAT. MATICH 19. 1903.

-a. a-a, A. as AtirkJi 1 RAILROADS. Expansion of Authority Fr State Cam miss! aa Is Denied By the Senate. Speed Regulation By Cities Is Also Knocked Out.

CaB mittee AiaraTeVhe 3Ierger af Bastea aad Mail aid New Van, New Uarei aid Hartftrd. attat. ff I A I' TO TSTS B9BBCTSSS. Columbu. Ohio, starch IS.

The urusl charges were many after tha adjoummeat of the Senate that tha railroad lobby waa at work, for the reason fbat two bills important to those Interests were defeated during -th afternocn session. Ode waa championed by Senator Thomas P. Schmidt, of Cleveland, and provided for authority to municipalities to regulate th speed of trains within the corporation lines and to protect crossings. The other waa Beastor Gayman's bill, giving authority to the Rail road Commission to ascertain the valuation of railroad property, by aearching tbe rec ords of the companies, and to make a re valuation at any time. The Schmidt bill.

after Its defeat, was reconsidered end made a special order for April, 15, which mean. practically the same a slaughter. The Republicans in both Instance led the assault, but they were ably assisted In th voting by some of the Democrats. It waa held aa to the Schmidt measure that the bill Introduced by Senator Lamb earlier In the arternoon covered the grouid. but thla was found to be without foundation, as his proposition deals entirely with the grsde croealag of railroads, and hss nothing to do with streets within municipalities.

This bill waa of particular importance to Cleveland and Cincinnati, as there is a movement on in those cities to abolish grade crossing. i The Gay man bill found It. d-ath at tbe hands of Senators who suddenly discovered they had business in other parts of the building or lounged In the smoking room. This proposition waa attacked because of the fart that InteruTbaa lines are affected as much aa the steam roads. The physical condition of the properties was tbe main topic of debate.

Tbe' fear waa hinted at that it would cauae undue hardahlp the Railroad Commission had the power of in spection for the purpose of learning the true valuation, or to make a -revaluation when they saw fit. Senator Gayanan. -who offered the bill at the request of the 8tate Railroad Commission, declared that it waa only for the purpose of giving informstlon to the public. He condemned the practice of the. stale in printing -reports containing only the names and addresses of officeholders, while the public Was not granted the right to ascertain- what to them was more important.

This could be done by publishing annually the valuation of all steam and interurban line, and do away with the printing of innumerable useless volumes. Some of the members declared that the bin looked vicious to them, and when the roll, was called only eight votes answered In the affirmative, while 14 were lined up against It. Fifteen did not vote. BI0 MERGER APPROVED. Commission Favors Boston and Maine and New Haven Flan.

Boston, 'March 18. A merger of Boston and Maine Interests with those of New York. New- HfTen add Hartford Is ap proved, subject to certain conditions. In the majority report of the commission appoint ed by the Massachusetts Legislature laat July, which report, with two minority reports, waa submitted the Legislature to day. Three, members of the commission J.

D. Warner, Chairman: Oeorge C. Crocker snd Charles Francis Adama agree on the main report. The "dissenting membera are ex-Governor Wm. L.

Douglas and Jamea R. Crosier. I If the Legislature adopts the renort the commission one of the grestest railroad combinations of modern time will result Its head will be Charles S. Mellen. Presi dent of the New York.

New Haven and Hartford, and he Willi be backed by the Vanderbilt interests, the New York Central and the Standard Oil Company. The close relations between these corpora tiona are ahowns by the fact that J. P. Mor gan. William Rockefeller and H.

McfC Twombley are Directora In both the New York Central and the New Haven. The an nual renort of the New York Central on December 31. 1906. showed holdings of Ron Boston and Maine and $500,000 of New Haven stock. When the merger project was first broaclted there wa a howl of protest from preen and public Business and civic bodies passed resolution condemning It.

and final ly the Legislature passed the antimerger)! bill, forbidding the consolidation. Mr. Mellen promptly said that he Intended to obey the law. and would make no further move. Since then a "campaigns of edu cation haa been carried on.

and the pro tests are not so loud as a year ago. Thcne who keep In close touch with legislative matters now believe that, not only will the Legislature adopt tbe favor able report of the commission, but tt will pass the controlling act in such shspe as to be satisfactory to the great powers that control the merger. Over DIRECT JURISDICTION Grade Crossings Given Commission. srscLAi. ptsrATca to tbb cxqcibeb.

State Columbus Ohio. March 18. The bill of Representative Woods, of Medina County, which passed the Senate to-day and la now a law. providea that where there ia a differ ence in tha grade between the railroad and any highway, or where the railroad contem plates changing Its grsde or course. It shail file a' regular petition In the Courts stating the facta in the esse, which is to be heard only after tbe proper authorities hating the highway under control have been notified.

Senator Sylvester Lamb, of Lucas County, Introduced a bill that will give the Railroad Commission power over grade crossings. provides -that whenever two steam roads. two tnterurbans or one or the other crones an electric or railway, the commis sion shall have the nower uson Its own to talk about or that emm hm af tnt.r.t ta UMfpaMir at the prwQt ti. Mr. Ke- i neraoa 1 tinner aakd mat tya.ot or ia rttr Hamfflss'i v--t la aay way coenetefl with tlta eft?) ai aireeeet.

aasl that tk caaamrtatMai waa anererv Is tat aa optsaaa from Mr. Mcptteraoa to some ltiTeat'atKm wmca haa as ret not aa began, but which arm likely take place shot-ay. IESPECTIOS Of Tracks To Insure Greater safety Btrtmxiy TJrgsxl. srarui. car area To rss sbbi laaa Chicago, nj Mare's VL for.mswrtrig a greater dUgrte of safety eat the railroads ot tha coowtry that have baea ottered by esauBlttaa of tba AJBertcaa Railway bgtskaering and Maintetiaare af Wy Awcat1a in it aunlh.

aaaaai coa- vcarJoa thia baoe proved tho raost radical over presented by a similar orgaa- txatioa. According to the acahaao mapped out. a daily Inrpertion snail bo made by lustra wtth the object of dtseovertag aay change In condition or nwniuent of supeaiui sab. structure, dame go from drift, high water. tautng oberta.

bstsaert or badly damaged ties, aad ilaaiaa Doits or aula. Oaco a itporh in kla etnea, shall examine every part 1 tho bridge to dcteet sbIt detortora- Ooo. crushing or breaking of tho masonry. the undermining of foundations aad any other deftrta. Annually aa experienced bridge Inspector sihall "if thoroughly the structure.

B. AND 0. FINANCES. The statement of earnings aad expense of the Baltimore and Ohio System for th month of February 18u, aa compared with February. is as- folia ws: Omas ru ing.

190ft t4.tva.34H. 117 S3.93a.2ua. de crease si.2TfO.B45; expeaaea. lui 4.l0.U. 1907 4.47fl,it?7.

decrease net eara-lags. 1B08 1907 L2.X!6. decrease 1 I For the eight months ended February 23. 1908. aa compared wtth the asm period of 1907, the statement show: Grai earnings.

1909 744.611. 1907 4 07 ni. decrease Sl.S31.43i; expenses. Vn lfW.SV.. 1V7 Increase il lis; net earnings.

191 el 1907 decrease f3.K30.5u7. This statement Includes th following lines: Baltimore snd Ohio. Baltimore and Ohio Southwestern. Ohio River. West Vir ginia Short Line, Ripley and Mlllcreek Val ley, Pittsburg and Western.

Pittsburg. Psinesvllie and Fsirport. Pittsburg. Clere- lsnd and Toledo and the Pittsburg Junction Railroad. AVOIDING ATTACHMENTS.

Atlanta, Maroh I. The Southera Railway, by order of its Treasurer la Wash ington, has withdrawn from the banka In thla atate and deposited the money In a Chattanooga bank. Every depository of 'the Southern in Georgia now resse to exist, and Ws money Is sent dally to Chst- tanooga, It la estimated that the total amount of bnstneea done daily in the state by the Southern amounts to It is an nounced by Southern officers that the ac tion was taken because In Atlanta lawyer nave recently been tying up the company fund's by garnishment snd attachments of damage suits I COMMISSION UPHELD rsctAL DiarATca to TBI a.iquiaia. Indianapolis. March IH.

The Appel late Court fb-day sustained tbe decision of the Railroad Commission reducing the freight rate'on coal 2 per cent on the Southern between New Albany and Boonvllle. The decision ws one or the first reached by the commission end it has been contested In Court for two year. I The petition for reduction In rate ws filed-by Edwsrd Slider, a coal dealer at New AlbanyX. I The railroad Xompany insisted mat tne commission was without suthority to lower the rates. Vj.

i SUED FOR RACK TAXES. sever ai, DiarATca To ts ssqt ibsb. Paducah. March 18 State Revenue Agent C. W.

Emery, of this city, to-day filed a suit against the Nashville. Chatta nooga snd St. Louis for back taxes on worth of roll ing stock, machinery snd tools, and on worth of real estate. The suit ask for taxes for five years, which makes the total property for that period valued at Sijoo.rtw. CONNECTING NEW LINE.

rsctAL DtarATcs to tbb stot taaa. South Bend. March I 18. -(-Arrange ments have been completed by the Chicago, motion or complaint, after notice to tho i adelphla. Moderator of the General Pres- roada Interested, and full Investigation, to make an order requiring the rallroada so intersecting and crossing at grade to Install such interlocking switches or other devices as will properly protect the The commission also has the power to divide the expense of Installation and maintenance between the roads.

WILL VOTE ON INCREASE Of Thirty Per Cent in Illinois Central Capital. New York. March 18. The Direct ore ot the Illinois Central to-day voted to authorise the holding of a special meeting of stockholders to vote on an traci-eas of 30 per cent In the company's capital stock. Should- the stockholders at the special meeting vote favorkMy upon the prosoattion is proposed to offer one half of the new issue to shareholders st par and Issue convertible bonds against the other half.

At to-day's meeting of the Directors J. Ogden Armour was elected a Director to succeed Stnyvesant Fish. INSPECTOR For Interstate Commission XcFherwon. Confers J. Harrtman.

aa Inspector for tbe Interstate Commerce Commission, arrived from Washingtoa yesterday at about nooa and after registering st the. Havlia Hotel paid an official vtait to United States District Attorney Frier-man T. McPrteraoa. wtth Thst ts the slogan of the whirlwind campaigners, who reach here for a one day's series of red-blool conference at the Church of the Covenant, st Eighth snd Elm streets. To-night the Avondale Preabyte-rian Church officials of the local chapter of the Preabrtertan Brotherhood In Cincinnati will meet to complete arrangements.

This "time-cerd" )as already been adopted: 10 A. M. to 12 M. "Great National and Territorial Mission Problems. Backward Peoples nnd Sections." 2 to 3 P.

M. Ale and City Problems." to 4 K. M- "Tiic Church aad the Immigrants." I 4 to P. M. "The Workingman and the Church." P.

M. Divines of the brotherhoods and missionary wjrkcis received by the Ladles' Society at the Cnurrh of the Covenant lor. 1-JSii P. M. The Problems of the American Church." Rev.

Dr. William Henry Roberts, of Phil byterian Assembly, will pree.de st these conferenca. Which will be open to all. The speakers will Include Rev. Charles L.

Thompson, of New York; Rev. Charles Stelxle. labor's spot-tie; Rev. W. H.

Houston, of Columbus Rev. Dr. Robert Wstsoa and Rev. Mr. Rr.

of this city. The music will be conducted by Mr. W. A Evans, and tho Brotherhood Glee Club will sing. FRENCH ART EXHIBITED.

ConsiderabfO Interest tu being arouaed among art lovers and patrons of this cKy by th announcement of the exhibition of paintings by Preach lmpresauonlatS to be held at th Art Mesuera ia Edea park which commenced yesterday, aad will close April T2. The display Is said to th Oneot ever ahown In this country, and ow ing to tho fact that the French Ministry has ssrverely criticised the work, a double interest haa beea created. The collection. which Is the first of Its kind ever shown her, is lent by Meson. Durwnd-Ruet A Sons and George Durand-RueL of York.

Altogether th collectio-a teprets the work of SO of most noted French lmraressionista FOR DEACONESS HOSPITAL. To-morrow evetaiog aa eiertalnisent will be given for the benefit of the Germaa Deaconess' Hospital, at th Coaua-rvatory Concert Hall. Highland avenue aad Cask street. Rome flu lection from Tbe Messiah" wiU be rendered, aad Miss Walter will give her Travel Talks on Paleatiae. Tlcket'i and reserved seals at tbe A.

E. Wilde Company. 28 East Seventh street. and at tbe door; Rev. U.

Schneiler. bora la Pa Wat me, aad conaeeted for years with whom wsb in conference for a abort I the rarnhai. iin. at t. tlnaa.

Mr. McFheraaa oecltned to make and now visiting thia country, will be prea-known th exact ssisison of Inauector Har-lect. Hra -nlt la of great Interest to tho raaaa. but stated taat tkare ia aotaia; ha Cormaa ckotxhos esaaj out. at San Francisco Soon Uncle Sam's treat and fworcrful flrrt of 16 montfrr battie-thirja 8 treat eraser, aad flotilla of tcrrarT-hk'e torpedo boat.

Great turn wSl ulutr jaclics unH cheer bands will play tags ri3v Why not ro via Union Pacific Southern Pacific Ban Francisco hotels are ample to For Better Conditions Ia Independent Oil Iadastrj Givfi Ta President Kossevelt By Witless ia Gaverameat Inquiry. Cleveland. Ohio. March is The old rate between ra.lroad and oil which wss said to hjve materially affected the oil Industry in 174. uss gone Into in detail to-day In the Government ouster suit against the Standard Oil Company.

I Lewta Etnery, of Bradford, an lnfpendent producer. Una owner and refiner, waa upon the alt nes stand. All day he was rr'is -examined by Attorney Roaenthsl for the "Mr. Emery ststed that he la a heavy stock holder in the Pure Oil Company, a New Jeremy corporation, which operate in opposition to the' Standard Oil Company. Wltneaa testified rhat the pooling agreement put sevjrol of the producers out of buslnesa.

He a'so stated tha. the price of in- and that the producing increased -following the" agreement, but that the1 Lake Shore and South Bend to: orn the i Kansas and Oklahoma, all Independent." Uhe from this city to Michigan City on Mr. Emery Bald. "Oenerally speaking." Tie June 13, and from South Bend to Chicago continued." the Independent reflnerlee have on July 1. The line Is now complete from added, up to now, about 25 per cent capac- Mlchlgan City to Chicago, and the only ty over their capacity of 1XH.V portion to be finished ts 13 milea between South Bend and Michigan City.

I CANT CHARGE EXCESS FARE. Madison, March IK An excess fare csnnot be chsrged passengers on the railroads of Wisconsin when tickets are pur chased on the train unless provision Is made to refund the amount overcharged. Thia Is the effect of an opinion rendered to-day by Attorney-General Gilbert to the Railroad Rate I a I BIG FOUR FREIGHT RECORD. A few day ago a Big Four fast freight train of 36 cars of export wheat snd live stock made the run from Bellefontalne, Ohio, to Linndale. 134 miles, in three hours and one minute, or 74-100 miles pr minute.

actual running time. The 74 miles from Gallon to Linndale were covered In 1 hour and 23 minutes, or a-ii milea per min ute. All Big Four apeed record tor freight trains were broken. CAMPAIGNERS mA 1 Are Due Here Next Thursday. Next Thursday Cincinnati will be the storm center of the movement for' "Chrla- tlanlty and Patriotism or All America.

"What waa the date of your emancipation?" Mr. Rosenthal, for the defenae. aaked.i "Since President Roooevelt haa ben working on his own hook." replied the witness. I "Since this movement began prosperity among the Independents has been general throughout the country?" "Yea in fhe oil business and along other tinea of bualness." WIBORG, OF CINCINNATI. Attended First Meeting- of National Council of March 18, The A1vlory Committee of the National Council ofsm-merce to-day held Ita flrat regular meeting In the ofhee of the Secretary pt Commerce and Lsbur since-the organ.

ration of thla body In December last There a as present In addition to Secretary Straus. Gustaire II Schwab, of New York, Cjalrmar. Mahlun N. KJIne. Pniladelphta 'lenrge Perkins, of California: James E.

Smith, of 8t. Louia; Frank B. Wlbrg. of Cincinnati, snd D. A.

Chsrl N. C. C'hslrmsn Schwab reported, among other th nut what lines of foreign comm -tee should be Investigated by th trade agent of tha department during the il ttecil year, and recommended plans by ruc commercial Informattcn received from Consu's abroad could be diss -m nate i-eo as to r'ach the men ecpec ally Interest-d In the subject. It was reported that th council Is representative every auction of the country, snd there Is every reason to believe that within a fw mmim Itt composition will fully repreaent c.mm-rcia' America. It waa made clear that thf Is not Intended to conflict with rtmg organizatlona.

which have annual meetings, but rather to represent such organizations by a permanent committee P-cat-d in, Washington with an efficient Secretary, and which shail be in constant touch not only with' the Department df Commerce and Li-bor. but with all of the departments of the Government having relations with the com merce of the country, both domestic sad foreign. The first meeting of the entire ouoril rtfSentlng delegates from all off the constituent, bodies will be held la Washington on May i when the scop of toe body ail! be fully ooClaed. GOOD NEWS For Ohio Valley Stockholders Is a Goldfleld Property. sract ai.

atsraTra re tbb ssornrss. Dayton, Ohio, March 18. Stockhold era of the Manitcu Mining Company were to-day notified of a strike ra tbe new Goldfleld district of Nevada, which ts located In the northern part of the state, aad as yet has not beea generally known. There are 6no stockholders in the Manltou. prta.

cipally In Cincinnati. Dayton and Columbus, though other citlea are aai4 to be interested, including Detroit. Mine Manager Hyatt has reported to J. F. Pixley.

former Doytoriiaa. we.l known la Clncrnnatt, aad who la the Treasurer aad Vic President of th company, that toe tnh ta much richer thaa had bora anticipated. A coBrlet mill outit. tndadiag Starr. pa.

concentrau-rs and (ao.if eagtae, waa hipred to the rapay'a prvpertr irosa Bksa Francisco to-day. Dr. Hyatt, of Columbtia. la tho B-r-retarv of th company, and Dr. Dick, of th aaaao city, tbe newly Preaident.

Among ia Dlrcctora.are Cyrus Huilag aad Bartoa Gtitnth. two of the leading lawyer ot ta capital city. The company also own a saia la Caaada 1 norse jnnrt of Nevada, located Just a few -sail fruea uiw tinm taaKa, wmcB years ago produced the wealth of anaay present-day ana re. DIFFERED AS TO VALUE. A difference about tho value of a d-anvood rtug led to the arrest yesterday of Oar-ar Wsgawr.

a-eV a bartender. Uvtag at 1112 Race street oa a warrant charging grand uat waa swors out ta Pottos Gown aaaa-a Write tae today for detailed Information I about tbe display train serr- I I tickets reservations, etc. tJ.l"X. jt W.H.COKHOR.G. A.

53 lUa r4rta St. JoJe I ViWnrr fa an U. a Bt aa MtTm SBV I Ed St-Vrd. one of the veteran operators of the 1 ire tfrpMrtment. patient at tho BethcadA JfpHaL Nff ho recently underwent an nprfuttnn.

oa reported to be aburh better yrfnerday. AHnouah weak, th nuraea ay It br but a short Hue uniii he wtil be an.c to be out. O. H. Dickman I hack from a visit to Palm Beach.

F.a where he spent several weeka with Mrs. a a I B. H. Kroerr returned yesterday from Cub, wb're he went ebout three weeka aao wfth "Eddie" Wtfbern. Wllhern, upon the ret cm from Cuba, went to cViuthera CallfoTsha, wore be wP.l remain fur some tune, i Joseph Frtedmaa.

Point Pleasant. H. B. Marsh. Indianapolis, sod E.

A. Ander-Bun. Commander U. 8 were rumor at the Buatnrs Men Club yeaterday. i Visitor on Change yesterday were: T.

Roselie. Lexington. Ky Teonre Shllllrg. Williamsburg. Ohio; John Hargravea.

Liverpool. Eng'and. Ueotg- R. bpllma Pant-Ill. Henry tjrothauee and William Grotnau.

lron, Ohio; Robert W. Stmma, Jacksonville. Fla. i a A new shoe manufacturing company, to be known a the II oliera-fravan Company. with a capital of waa incorporated yesterday by B.

Holters. D. Craven. E. Hollar.

W.p. Hyrne and Frank J. emancipation" of the pro-lucera came with rn.trUp; Vrsven snd B. J. Holters wltk- me secona term ot rre.io.eni drew from the Cshlll-llolters Company sr-Early In testimony Mjr.

months sgo. The new concern haa testified upon the number, nam- nd apac-l Bot dcl1-d where the plant will be located. ny or. innep-noent Tenner exiatmg in bul probably be In the Sycamotw in renns) i vania ana orner JK I "I I street shoe district. or new renneries nave been buht sine- we 1 a obtained aome liberties about to in the paat four or five years tnnst of them In Tli annual eleetlon ofTM OnV Men's flub waa held! last right.

L. E. IVrausa. Hsrrte OoMman. F.

H. McG and Charles M. Gray were admitted to membership. Th Regular ticket waa elected, aa follow; President. H- Jenktn; Vice President.

Gtorge Kaufman: Scrtry, 0org Lns: Secretary. E. R. Owtnner; Tteaeorer. W-.

H. Liar; Auditor. B. R. Hathaway; Employment Bureau.

P. VueaJ: Executive IViard. B. Mar.hall. TtV E- Brotherton.

Arrangement have baea ar.de for a the tee party at th Olympic on tho evening of the 27th for the members, aod their Yrit-nda. 1 I R'fbert II. Wilson, a coworker of Rev. B. P.

Mills, will e.idreea the Economic Club to-night on the "t'onqueat of Arid The address will be made at th Vina Street -Congregational Church. SALE OF BONDS. rortAf. ptsraTcs to rum asociBBa. Colurobua.

Ohio. March IH. The New rlrat National of tui city, captured both Items in the bond Issue to-day. offered by th sinking fund, at par and Ire terest and a premium of The first Issue ia for dated March' 1. IS, and due September 1.

IU17. bearing Interest st 4 per cent. They known a ctty's proportion public Improvement (So. Ill b.nd. The other Is for asd are known ss the.

Columbus water purifying snd softening wtrk bonds, draw 4 per ent snd are dated I fee her and duo Mar-h VTJ The thr bidder were O. B. Durant. Fr-d W. Freeman.

Stevenson as Verroe. Column-ia Provident livings Pank ahd Trust Company. S-asorgood at Mayer, WeiL Rfith at the Ormaa Kank. Albert Kleyaolt at Rudolph Kieyho'te A t'nlmi Saving. Rank and Truet Company.

Clnrtnnstl; Haydea. Miller tr fi lm a tush. C.etnd. aad E. H.

Rawhia A S-in. Chicago. WORKING ON A COMBINE. New York. March 1--J.

tgdn Arm iur. ot Chicago, had Brvral conferencs la thla city to-uay with Interests Identified with tbe Chicago Tlpajne aceao and other automatio telpbon tt'rat throughout th country. It was reported that the object of th -ooferars waa to bring about a cotbbtnattoo. of the automatic systems of the country. r- fV-J-- S1 Sri 7.

L. DOUGLAS $3.50 SHOES I makeaixi aell more men's 130 alsoea- tlian anycber rriAimfartarer in ifi mU taka yew a aay las-go iacao- riaoad Bsaiklsa, Miii.aai shi is yeas laow caforJly W. L. DoaterW aro tksy mZu Amir fat k-etw. aoal W.

t- DOUGLAS $4 SHOE CAN-eor ate tauauA at yoiicfc TSe rvr-A- a. i Cum it Ism. Ll.iCi.U-. swoea, Baa, W. I Douglas Shoe Stor 22 C.

Fifth tu Cincinnati .1 i i i 1 i.