| Show STOCKS IN Surprising Strength Developed On v New York Exchange I SHARP ADVANCES MADE ATTEMPT o THE a BARS ais TO BREAK PRICES Tone of at the Money rbt Thin and andRate Rate Rata Wag Wae Up to 11 Per Far PerCent Cent During mi tk tb Day of Funds TT Has Hea Turned To In I of New York New York Jan L The strength de tie developed de developed in today tody tock stock market In tile the th degree to which it extended was waa a sur stir surprise surprise prise to traders Last weeks very con advance in prices offered In Li profits and It was wa expected that selling soiling on this account would be sufficient to teEd feed f id the new demand The selling to take profits in tn the fit t hour bour of the trad Wad trading ing Ing was in fact on a very large scale sharp advances at aL the opening helping along alone the process e Last weeks persistent stent per demand and ai the large gains In prices pries were e paradox in la Wall all street ey etIS B and ad the professional pi traders were very v persistent p In selling bib tiit market on any advance This TIlls ele element element e ment was watchful today for any to swoop upon the market and break prices to a point poi t at which they thee could buy in at a profit When the profit taking became manifest they made a vig ig vigorous ig orous attack on Brooklyn Transit fore forc ing It down over ov 3 points and bringing the therise t th rise in la the general gen Tl market to a half balf So far the course of the market mark t wa was about as 88 had bad been expected The tone ton of the money market was firm at the open ing log and the th demand Incident to the active slId speculation in stocks pushed the mcney money rate up to 11 per cent during th tbt day Thus all things seemed to confirm the expectations of the who however failed entirely to properly gauge the outside demand for stocks This Phi ab absorbed RObed the sales to take profits and 1100 then proceeded to swallow up all other offer offerIngs ings available The bear party became alarmed at the proportions proportion of the advance and hastened to cover The money rate ran down later latet In the day to 3 per peT cent and the tone ton of stocks stocka became buoyant The most striking gains and the great greatest est cat activity were shown in the industrials of which Sugar was wa the leader The iron r and steel especially y the common JD were t also in demand deman at advancing ng and the strength spread to other o Industrials At the t same time there th b re e eo was a confident n nand and well l distributed demand for railroad stocks The grangers showed bowed the largest advances owing to the rebound of the thelast th thelast last weeks weakness due to the St Paul Pauland Pauland Pauland and Burlington statements of earnings and th the thoe trunk iines including Baltimore Ohio Western and the gr grat I trunk lines were all aU notably strong So were the rhe central traffic lines linen such as asI I Pittsburg I Cincinnati Chicago St Louis Louls Cleveland Cincinnati Cl cago It St StLouis Louis Loul and the Lake Erie Western stocks stocka Chesapeake k Ohio Talk fail J to re respond r spond spend The striking declines in tn discount rates abroad aroused some confluence that the export movement of gold wilt will not extend much further though too ugh the financing of the I South African war expenditures must mu t be reckoned with and may mey have the motive 1 of the strenuous efforts that have been making to bring about easier conditions j In the market As for the domestic situation the movement of I money has ha evidently turned in favor of ot New rew York New York Tork exchange at Boa Bos Boston ton went to a sharp premium today BosI An accepted authority estimates th total disbursements for tor January this year yer ear taking into account securities of Gf banks companies and such will foot foat up U I I There were sufficient points of ot weakness in the fx bond hOnd nd market to give an irregular appearance although the general tone was strong tron Total sales salee par S United L States Is declined in tee bid Drice Bond Quotations TT V S 2 2 peg H M K k T 2nd 67 17 r U S s to re M 11 K T U V 1 S SIr N No J C gett geo geor g i V r S 8 new N P 1st r l 1 S 8 new ts 45 IN iN N P 3 31 coup K P T r 1 S old IN 2 Y C St L 1 LIS IS vs old IN 45 U L i S St te reg K N A k W eta con 48 91 r S is s coup iN W Vf gen gsa Dis C 3 6 sUO 1 IN N Y X C Atch gen s 99 I lOre Ore Nav Nay Atch Is 80 Ore Nav Nay Can S O 0 S L 1 1 Ga GaC C e Sc O 0 I s 96 j O S L 1 con C e O 0 Reading gee 48 44 C 1 N con R G W 1818 85 95 l C X N S F St L I M K deb I con eon 58 Chi Term 15 93 93 St L 1 1 S F P PD FD Fp D p a R G t gen gas Es ut D B R G 5 St P cons E IL ET T Aa Ya Ga 1St St P C P Pla St P C A P ErI rie gen 67 60 So Ran BalL JOT l F 1 W D DC C Is 73 Is S R It A T fi s 79 Th CM Gen Eec Elee a iT T P 1st G H k S A IT T P tads Dds if 4 G ti H S A T V P u uH H T T 1 c isio 61 c S a 48 4 aa H T 1 C con Web Wab IsIs J 1 fc I 8 s I Wab ab M ft Iowa C C tV V Shore K K C P G is Ia Wis C isis l ta taL A L N uni 45 98 Ii JS is S P ts 45 H 1 Stock Quotations Atchison A Tex Tea Pao Preferred Pacific 48 Bat Bal t Ohio 1 Preferred TOT Can Pacific 92 Wabash Can Southern Sou t hern 49 43 Preferred 21 Ches hes Ohio W 1 1 E EChi I IChi Chi Great Gnat W 12 1 Second pfd S SC C B Q Wis Central 18 Chi Ind led L 11 17 Adams Ex Ill Preferred 48 American Ex Chi E K Ills IUS 89 United States 45 43 Chi A It Nwe C R It R I P 1 Am Cot Oil 33 C C C St 81 L 1 63 Preferred 92 Colo Cob Southern 5 Am Malting MaHin 7 1 First pfd pd 42 Preferred 31 Second pfd pid 16 13 Am S k R B 37 17 Del Dd I Hudson il Preferred 87 D L W Wi Am Spirits Spirit 3 D 13 R It G 16 11 Preferred 17 Preferred 71 Am Steel H 43 43 Erie If life n 11 Preferred 83 First pM pfd 33 Am AID St Steel A 6 W Great N No pfd 17 Preferred 91 Hocking Coat Coal Wife Am AID Tin nA Plate 32 Hocking VaL 38 fr Preferred 82 8 Ills Central 10 Am Tobacco Iowa Central V 19 P Preferred Preferred Anac M If II Co CoK COK CoK K K C I P G S I B R 31 T 70 0 Lake E W Ii Coto Cob F L 43 e Preferred 35 Lake Laka Shore jore Preferred 87 81 7 Louis Nash 82 lit Feti Steel 86 Manhattan Manha tan L Is 18 88 j I Preferred 75 M Met itt t St Gen dlen Electric hex Alex Central Sugar 52 M 31 St L 69 ft 80 Preferred r Preferred 90 int mt Paper 24 Mo Pacific U 43 Preferred 68 Mobile Ohio 39 38 Laclede lede Gas Ga GaM Gashi 80 M hi K T W 11 10 Nat Biscuit B it 37 37 Preferred 33 31 preferred 90 N J 1 Nat N Lend Lead 26 N Y Central Preferred Nor r W 25 23 Nat Kat Steel Stew 44 Preferred Prof W 10 10 Preferred 92 9 No Pacific 54 N y 7 A B 1 Preferred 74 it No American 13 13 Ontario W 22 4 pacific Coast Cout 52 O ORN R N 43 i First pfd 85 38 Preferred 76 16 I Second pfd 65 86 q Pennsylvania m i pin Pacific Mail Maii Hiding g M 1 People Peoples Gas Gee 1 pfd 64 4 pressed S Car ar 57 5 Second pfd 29 Preferred 86 a aR R H G W 35 38 Pullman Pu n P Preferred 81 S So R T 9 St LS L 1 S F 9 Sugar I First Joint 68 ft Preferred d Second pfd 38 IlIA Ten Teno n C It I I 87 7 8 St L 1 10 u S a Leather 1 11 Preferred ft Preferred 76 7 St Paul Paui U S Rubber 43 Preferred 1 Preferred 13 St P a OUD Western Union Unton 85 So Pacific 38 Rep I S So Railway U Preferred Preferred 65 55 P C C 01 St L 1 7 Stocks at London New York Jan 2 Commercial Adver Advertisers Advertisers Advertisers London financial cablegram Gold arrivals and General G ral Frenchs Fr victory I caused a good feeling in the markets marketa marke tare here at the he opening though business buG wu Wit wits small mall In the afternoon however eon con sols sole fell from 99 to 99 on the disappointing sa pointing allotment o 0 treasury tails bills nd the th other markets were sympathetically s Americans began h buoyant b ant above parity but wagged sagged New Nw York Y r sold here Und slightly y and the dost Close d was point i below the tIN best b st Prices Pric wet were l bid id up UI a agan h II i the street however Paris m mark d were V song ng Spanish were 64 W and 4 44 i Other copper shares were a shade shader r harder hattier then than on last Friday The copper ity statistics show stocks down dow 1 81 tOOL tone tOOLy Mo y easy eaST and bin bills w Wre re slack The rhe tendency is 22 to 10 hold bold them back wait wa t h further Anther Old gold receipts Today I in German eota coth was wu bought by the Ute Ic of or England Encia d besides beRde no in ia bars b r rand and came cam in from rom 1 tl Metal tal Quotations Quotation New York Jan Jaik 2 In metals metal the now new year opened with the outlook for re renewed renewed renewed activity and aDd price improvement quite quits encouraging eDCO DC This s was wu particularly y true of tin and lead which ruled firmer on increased demand front from outside e mar markets market markets ket WhIle quiet the other departments were fairly steady and active The ex exchange ext change called caned Pig PUr Iron Warrants Quiet Lake L te Copper Unchanged at hit M Z Tin et Quiet and firm at 5 at I Spelter Quiet at The brokers broken price for fW copper Is 1637 1 j 1660 and for fX lead i Condition of the Treasury Washington Jan 2 statement of the condition of Gf the treasury shows sowa Available oasis cash balance 1283 gold PI reserve I lK Loans ans Exchange and Silver I New York Jan 2 dose Money on oa i iper call firm at per cont last loan 3 per cent ruling rate 8 per cent St rII Ung I exchange firm with actual business in bankers bills bilte at 4 7 47 for tor demand demud I and arid at t 4 for 60 ft days day ted Posted Po rates and Commercial lASs bins 11 81 Silver certificates 68 Bar silver 58 sti Mexican dollars 47 London Jan S i |
