Show If FINANCIAL AND ND COMMERCIAL J I 1 I MERGER DECISION I UNSETTLES STOCKS STOCKS' Harriman Issues Receive SuppOrt Support Support Sup Sup- port After Slump and Rally F From Low Level Now New Tork Dec 2 The The supreme courts court's decision In tho the Harriman m merger mer mner- r- r ger gor case caso upset the tue stock market today toda after a listless morning session wislon Time The announcement from Washington ton was followed b by an outburst of oC selling with Union Pacific as time the special object object ob ob- ob- ob I of or the attack There Thero were large sales aies of ot Sou Southern thern Pacific also ns os well as virtually all the time favorite stocks In Industrials In- In us well as railroads railroad shared d In tho tIme movement Union Pacific broke two and anti a link hat points Southern Pacific two and anti Reading Steel Amal Amalgamated and other prominent shares a lesser it amount in o u n t. t The market markel met with prompt SUPport support sup SUP- port at time the lower level and prices quickly rallied The Time d decision was as Unexpected unexpected un un- expected to many mammy persons and tho the first Impulse was to neil noil but on second thought there was t a decided change In sentiment LOl Losses Lossos wore largely ar made up and the Harriman issues scored their the best fl figures for tor the da day Union Pacific preferred was as bought heavily and at one time showed a a. gain of ot 6 6 The upward movement was attributed t to speculative buying on the theory that the time courts court's ruling would necessitate tate a n distribution of Union Pacific holdings of Southern Pacific Some Sonic of or orthe the Harriman bond Issues also ad advanced ad- ad in the time belief bellet that their retirement retire retire- mont ment might be made necessary ar as a n apart apart part of ot the adjustment that must now be made Southern Pacific collateral Is 45 at one period registered a 3 gain of six and a n half points antI and Oregon Short Line of three points The courts court's decision on however opened up so mutiny many possibilities for tor speculation as ns to the time effect or of time the readjustment that the trading element was confused contused and movements of ot securities were er er- er ratie Before the close the thc market be became became became be- be came lIen heavy again The effect of the unfavorable bank statement of last Satur Saturday a was shown In the continued tension in fn the mone money market en Call loans rose steadily from froman an opening at 10 0 per cent until Iii 16 percent per por cent was ivas touched Late In the day tJay the I rates fell Cell back to C 6 per cent Some of tho the specialties marked strength In the time ear early part of or orthe the time day Rubber rose roso to the high point touched in Sn the movement last April and nd Tobacco Issues were buoyant Aside from rom the Harriman I Issues sues the general bond market was firm al although although al- al though there was a shading shading- on values alues in a 3 few tew j isolated ca cases es Total sales par value United States bonds were unchanged on call caU STOCK 0 II 11 I J T. T I C. C 4 1113 Copper r l 53 5 57 I 56 z tI I- I a o Beet let Sugar 6 5 55 lG American Con Can 41 20 H Preferred 11 1103 1234 American to 00 59 59 50 Cotton Colton Oil Ut 9 SS American Am lee ee 2001 19 J lS 13 Linseed 12 American n OO 16 46 16 Ref 1300 1100 i 79 76 iS 73 Preferred 00 10 S 10 American Refining Tel Tel COO H H H merle AmerIcan Tobacco 1000 7 Co 5 C 43 4 42 4 42 Atchison o 2400 mo ClY LIne 03 00 H i H Ill H BaltImore Ohio Ollio H 10 n 41 40 o 40 0 Brooklyn n Transit 1003 93 91 1 92 Canadian Pacific f i Central Leather IC 20 29 9 94 4 20 enLe S OhIo I. I 82 81 S 7 Chi Western 01 3 Ii 17 17 2 17 ChI II 3 St St. t. t Paul 11 III Chi 0 13 J lIlt ruel Iron H 31 U 35 34 13 I 2313 Gas GIlS 00 H 4 H Corn Products 1100 16 16 16 f. f hudson IJ Deurer Rio Grande 30 21 I 21 1 21 j S Securities 40 26 25 5 25 i Erl Ens' 21 I st n i 1st El 1114 SI 51 Si t I lii 1 1 IZ Electric 1ST 12 j I I I Great n pfd 00 Great ore 3 16 4 1 4 43 Illinois I 17 li h. h let 20 19 1 19 4 Preferred 05 61 6 01 H harvester IOu LO liI 4 Marine pfd 20 iI 20 Int International lAper 12 32 12 2 Pump OO It II CIt City IS Lehigh all Valley G. G O r l T f NA fI v v S. S i J 11 I M. M r. r St. St I 1 5 So 5 R 1 U n. n k Tex oo 23 S Sl IS' IS Pacific 14 IH 3 1141 43 3 National H l 1291 h 1298 National Leo I. tI 0 Nat t. t Tics ot of 31 21 pM COO 25 84 S 1 S 25 SI Nw I Central New w Yo j 0 O. O t Western 21 31 H 24 Norfolk 5 to Western c lIt lii orth s 33 53 4 Northern lIst IH Pacific I 11 ms 3 34 34 19 0 1 13 I Peoples nl Gas IC U Ill 11 P. P C e. e k St. St Louis N lOG lOCI IOtA Coal Coul 23 3 2 23 ell Car GO oilman Palace Cr Car 16 37 Ct 1 2 liP Republic n uS to Steel ZOG s IS Ir Preferred GO 90 I 89 4 SO 59 Co 2500 16 6 I 25 5 25 OOl S 3 Ii 17 ii 47 St. St L. L S. S 1 F Iii 1 pI 1 Seaboard Air Line Loe 1 1 49 H 15 flo S. S S. S I. I Iron 41 9 Southern J 1170 IH H I 10 jI- jI Southern u 1600 23 9 29 Preferred 20 SI SI il Sl sn SI 81 e cc CoPp Copper OO H 41 l H 2 11 reas 5 Pacific IiI liO 9 90 f 9 90 93 13 United Slates 9 States State 1390 t 61 6 United States Steel Steel iH 74 jJ Ilk r. r 73 Ir Preferred 70 hiltS z utah Copper 1600 63 3 Chemical 46 46 46 h Weston n lOi i 12 52 00 73 SI S S. S aS S II trl COdI 83 SO 82 0 1 I. I 1 St Total sales loles or the day shares CONDITION OP Or Till Ug TREASURY StRY Dee Dec 2 The Th Tho condition COIl of oC the cl States State treasury at the beginning of or hu business bust busi l. l D nets ness S today todo wile IS Working balance 31 I In bauks hauki 11 mill 11 Philippine treasury Total Tota o of QC general fund 20 O turI DI Disbursements this th fiscal year Deficit last year The rhe 1 s 1 for receipts disbursements and surplus exclude canal arid and public debt t. transactions GittIN SUPPLY New cw York Yori Dee Dec 2 Time Thc The visible supply of or grain In tin till United State States Saturday Nov Nor OT Sd lO ns its compiled com COlD piled lulled ll L by the New cw Yort lorL Produce exchange was wall wasas as os follows Wheat t. t IO Wheat In bond wn J. J ii bushels decrease Corn em rn bu bushels Increase t WO Out Oats lI 0 decrease Outs Omits In hon bond 1 II Increase CCO n Hye Itye bushels c. c decrease Barley narley In to bond boud bushels Increase eG OI CovlO n. IlI I row r Now Kow ow York O Dee Dec C. C 2 Time Thc The cotton market m closed weal ol nt at a n net li lse In of or from 1 17 to U 33 points De- De cember 1225 1229 January l 1210 March hrell 1247 14 April JI Slay rT y Juno June 1 SS K July 12 1233 M t 1223 September 11 1180 1160 SO Oc Oc- nc 1105 Spot cloud l uplands 1 1255 S j ault 1310 1111 Sties SAlu un 77 balei balu atUS AND I DOd Dee 2 II h lure re on D pp I cot contract weighted down n tile price pike of oi heLt Time The cI close although d l a a. anet anet net nel 1 lw lees I of or i n c all He for May kept the market unfit for morn mura than a Besot reaction Peace tAlk and In th tb l better outlook for or the tb winter crop States all H counted against the tbt- bulls buill Instead bateau oll of or n a bl bit big P gaIn I the supply lou of ot h 1 t Scored Ul an o G o or Of bushels This Ilar C eon baying In time the I last t torr Lorr u ll to c eat fe u e time tb rk t t to toMa rally Ma May wheat t. t which ranged from froni 59 to too toK K o 6 ic oft off At t 9 90 Vc t au aud t lI cuM cu cu- M id corn to rally rail when wheat began to re- re cover May hay 8 ranged from rota 47 liUe to tu HSc cloning clon do ing lug firm at ot S e. e th the same lImo as IU Saturday night Cash Cub C grades I were slow Shippers took cat cate on delivery ron forced cd an no especially In the D December option Provisions weakened at tb the outset but the mar market d later r bad had a n stron turn owing t to tu the tho better tono tone In iii corn com and aorl oth other r May hay pork pori led with a u n net t advance of C c. c Lending futures as WHEAT T- T I I Open Oron I I To Low I 9 Close ci- ci 5 SI IS 1831 toy I J Sri O Ht i 14 W July i Si Im ilik I Co COHN- COHN I Open I High I Liw w. w I Olo nee i- i cj II w May IlY IS 4 43 45 July 41 II i 49 i isi 1314 OATS OATS- J I I P MI I 1 1 I Low Len I Cw er Dee I May lay 32 Vz 13 1 32 32 4 July 3 7 3 iJ 22 2 4 2 T 2 I l Open Oren I I 1 Low I Cl e. e Jan Jao I l I I 1812 May c. c d I I 3 l I 1870 I i LARD LARD LARD- I Open I High b. b I Low I Clo CIMe e. e O c. c 0 I 1100 IlIn I 1061 1067 10 1015 S 61 1067 tar I 1050 1030 10 1020 1012 I 10 1023 SHORT monr RIBS nIBS I Open I I m I I Jan Jao I 1025 lOll lOllI I 10 0 l o ony o- o Mar hay I J. J I 9 9 I I I 11 Cl Cash Cach h were rere a as follows Flour Flour Steady Rye Rye nye No 2 2 GJ 63 Feel Barley Feed or mix In i 13 fn fair Ir to tl Timothy Sr aed od I Clover CloTer S Se Ml J Mess Pork 17 75 1800 Lard Lard ln In tierces s 1110 Short nibs Io loose e 10 GRAIN I STATISTICS Total of oC wh wheat at and flour flout w were re equal to 11 bUshels Primary receipts ne were lle bushels compared with tit bu hH th time do day a year car 3 ago apo 0 Th visible lb supply of or whet wheat la In tho the United 11 btu St Increased u for the tle week Tho Olie amount of hr breadstuff on ocean fIt passage n. n Il decreased bushels h I Estimated rec receipts for or tomorrow T H 37 cumre corn 63 cars OAts oat J cars carsi Ill X bead T NE' a YORK OHI Now Nemt York D Dec 2 Flour l Flour lower and quiet Wheat Wheat Spot Spot l 1 easy y No o. o 2 red elevator and f. f o. o b II afloat nominal No 0 1 northern Duluth 9 s f. f o. o b. b afloat arlont futures market was wn easier ensler ewing to l lower er cables cubIts favorable Argentine Argen tine crop liberal receipts absence of ot PI- PI x x- port d demand closing Uc e c to lc Jc lower nE December Decem eem her ber closed c May closed Cc He Receipts 0 eoa 00 OO n NEW YORK MONEY MONET MARKET rr New ew York lork nee Dec J. J Money Money on call strong 16 per r cent ruling rate 12 I per r cent Md tilde 6 G per cent offered l 1 at tt 6 G per remit cent Time Dine loans strong tron slaty days nominally iQ 6 7 71 z i i per Ier cent ninety days liars nominal six tz months month o tirS g-G per cent cont Prime mercantile paper 6 G per cent Sterling exchange e hano weak with actual bust nf- nf ness II s In hankers hankers' bills at 4 for day bills bill ansi and nt ot for demand Commercial lul bills hiliS 4 OVi liar surer 63 Mexican dollars t. Government bonds s stead steady Railroad bonds bon tIna fine METAL J. MARKET r I New Tork Dec t. t Copper t.-Copper Copper quiet standard spot 17 7 10 December 17 1 37 i Januj Janu- Janu I j nry cry and t February li 1 17 35 el- el electrolytic 17 1762 G GI 17 lake lale 81 castings 17 25 17 1725 3 I Tin quiet Spot pot and December I. I USO January 49 9 SO SOS O. O OCO O. O Lead quiet t I Spelter quiet 7 30 30 10 I Antimony quiet COOk Cookson's 1550 1560 j I Iron quiet No 1 I northern No 2 I I northern IS 25 1873 No 0 1 3 southern 1925 I No Q 1 s southern soft loft I OO j I Copper r exports lest last month 1916 ton tons London Lon Len don copper opper easy Spot 76 Ii iTs Id iii futures e 1 77 I 1 lIe Git Gd London tin firm Spot c S 15 iSi futures I J j 1 lOs l Local sales lead iced tons Lon Len don dim 1 lead cIS 18 Ia s Cd London spelter iG 25 26 10 lOs l Iron Iron CI Cleveland warrants d In London WOOL MARKET T. T St St. Louis Dec 2 Wool Wool steady Medium c combing and suid clothing 23 t light fine In 19 ZI heavy beaTs fine fine tub tull washed i 31 3 36 v 1 London Dec 2 Time The The o offerings at nt toe time wool 1 auction t sales today amounted t. t in tO hales Bidding was WIlS active and gee good OOIJ Medium I wools wool were readily nb absorbed orbed at steady prices Amen Amerl- 1 I cans bought a few flue crossbred i STOCK rol 1 nU TS I lu Chicago Dee Dc l' l 2800 Mar ket t mu 10 II 11 11 Texas steers ers 4 steers EG 90 tin r eiter n w OffS cows antI w vr i raises u iv fc r fj i V DI 50 OA r U M-m M 4 slow ko Ge C lower t Kut J 72 6 t. t 70 h r JIg bull buI of oe sales Market te steady dy Native Natlee 3 w len t 3 I G 36 lambs native 75 w western lem 5 I II I City Dee R n. i 70 M Market rk t went to A lower A r Native steers southern I steers tr cows COlT end and 3 B 1 46 Oo row cow an and aM i. i if fO lS era anul cedera bullA bilia UC f western steers G. G 3 west west- t eln 15 0 Market Oc c lN lower r. r Burt Bulk or of al 1 ale heavy 5 7 50 packers packer J 6 anul light liht pIt w zt I 7 I nrc Sh Shep 1011 1000 Market strong to tl lib shad b 1 h higher hr Mutton lambs 5 5 i 73 7 7 CO 10 vance range c W and rang I ewes w t South uth Omaha n Dec U 11 f Slow t to lOe be lower tr Native Hrh steer 8 culT cows and 3 lYt western steers stent I I i T s SteeN LiA cown j heifer stockers stockem coil and feeders So i i. i 50 cole calves 5 bulls bull stars stags etc tc 4 1 Ilot Ho q R 1040 Market C Sc r r to lOc Ic lower Mixed d. 7 60 1 W pig pigs OCO r hulk bulk of or sales 1 O 7 65 r. r Sheep Receipts HOW Market t. t active strong Strom tro t Yearlings 5 ti iCi Gi lamb lambs lumba i POULTRY r t Chicago DOC Dec 2 firm Turkey ali i 13 12 IS 13 chickens chicken alive 12 springs alive shire 12 steady Now rew York D Dec 2 Poultry dressed d fresh JIh killed 1 western chickens fowl turkeys turleys S 1 t y COFFEE AM ANI York Dee 2 Coffe steady lint font from 17 to 55 25 points net lower Sales I D January Jannary 33 13 20 arv ry 1323 1325 1353 April 1160 May MIT 1378 ILI June Jume 1873 July 1381 August 1387 ber 13 1390 Spot oa eacy y Rio 7 34 Sat Santos 1114 mild quiet Sugar Itaw ular Mua tc test t centrifugal 95 56 test 4 05 molasses 9 tt t refined Ete steady jy 4 AVD EGG EUIn Ill Dc 2 Butter Butter firm W 5 New York Dec flutter nutter firm extra firsts 33 35 held hail eitra 31 20 state dairy finest process extras elites 1714 23 3 packing stock current make No 2 I-au I Cheese Inn firm State whole milk 17 stats state milk white specials 17 Eggs steady Fresh ih gathered western whites Chicago Batter steady Creameries daIries steady Receipts 2602 cases at mark mang 1 Cases Included 2225 tints 27 S Cheese steady DaMes 1 16 twins young Americas long horn boras EVAPORATED Now York Dee Dec 2 apples mae Inac tire tive Faucy choice i g prime 5 quiet up to 30 91 4 Apricots steady Choice 30 lOVi extra eitra choice 11 ii fancy 12 quiet Choice 6 extra choice fancy finn I x o 4 to fancy 4 seedless Oi C i London byera by- by era LAX l MARKET Dec Iee 2 FISE 2 Flar closed at 1 |