| Show EAST By on Wall Street I j TEE MONEY MARKETS CANNOT ABUNDANT FUNDS EOE Gold Engagement Por Shipment to Europe Today Cessation of Sell Selling ing Pressure Per Berlin Currency Movement Moment in iu of Banks Grain Markets In Chicago 4 New York Jan 8 Price of stocks traversed a considerable range today moving forward In the early dealings deUng and then pursuing a retrograde course to about la t nights leve Th deduction to be drawn is s that professions traders ai re o disinclined to n k speculative p commitments Te The most moat effective influence towards this dispost disposition tion is the tho conviction c that the money market of the world are not no yet in con coi condition to afford abundant funds for spec epee speculation on credit The incident which pointed this moral was the unexpected proportions of gold engagements for tomorrows steamer mounting up to as ae compared with preliminary estimates of The large engage engagements ments were w re in spite of sagging interest tere rates in London and a sharp decline in inthe Inthe the discount rate at Berlin It is evident therefore that the British government designs abundant use for large additional lunGe funds and that available gold supplies will be drawn to London as far f as an anbe ble be Such a prospect makes definitely against the probability of an easy money market in New rew York In spite o of the re which various factors are aie arenow now bringing to this carter The cause 0 of this mornings strength in the stock market was the cessation of the selling pressure lot for Berlin account The absorption of New York Central stocks and t the sympathetic effect upon the whole railroad list hat continued The reaction gained force with the gold en and the bears were disposed to take advantage of the scare to depress industrials notably Sugar and the steel and iron stocks Rumors were circulated that hat t new difficulties would be encountered encountered In effecting the distribution of the dividends on the common stocks of iron and steel companies which it has ha been l represented presented r was soon to be made Official Of fi cial dat disclaimers tt any sw difficulties were ware apprehended failed to cause any notable recovery in the stocks affected The closing of the market was however fm but very dull duli and net changes aside asido front from the Industrials were not tin lie The weeks regular currency movement by express has han been largely in favor of the banks the outgo having fallen to less lees than so that the weeks gain front from that tha source is estimated at over not iw counting receipts by mall mail which last week were considerable In addition the banks hays have gained from the But 5 of f gold exported last week mutt must be bi reckoned and the loss loes on all aM accounts is figured at W at least Whether this thin has been offset by loan contraction is doubtful in view of the weeks activity in the stock market The bond market was dull and irregular lar mr Total sales par value United States b registered and the new to advanced in tae bid price Bond Quotations U S re reg M K ft T 4 89 U 8 S As reg Y C lets TJ 15 S cou N J C gen 55 S V IT S new Nor Pee Pac lets IT V S new la Nor Pat Pac 66 GO GOV V S old to In reg Pac T 1 S old V U S Ge reg N W eon con Is 40 0 U 1 S Be cou ft W gen District 3 Os jOre Ore Nay Nav lets Atchison gen 4 Ore Nay Nav S L to 1 Canada So ads ios JO o S L 1 con s C O 0 fc Reading Gen is 84 O C O 0 R Ii G 0 W late 96 5 N W con en N W deB Jl Chic Term 84 1st SU Paul Pant D B ft R It G 3 1st D ft R IL G 5 as so Railway Erie Krte General 68 Stan R ft T is b 80 late Texas it P Gen G n I Texas ft P Ide 54 G H ft S A Ge UnIon Pacific G H SA Colo Cob ft So 83 U Ii ft T C s 1410 Wabash con Ge Wabash Wab sh Ida 99 9 Ta Central lets West Shore 11 lath 68 Cent 1st 89 39 L ft N Un 98 ISo Pacific 81 M K ft T 68 F I IStock Stock Quotations 19 29 Texas Texan Pacific IS 38 Preferred 4 Union Pacific 4 B O 0 Preferred 74 Canada Pacific M Wabash 7 Canada Bo o Preferred Che ft Ohio 31 ft L K 3 9 Chicago G W 12 preferred 27 C B A Q 1 Wis Central ventral 19 C I ft L 15 Adams Preferred 47 iAm Am Express C ft E s 1 i 88 5 JU S Express 46 C ft N W l 2 C R I P Am Cotton Oil 35 33 C C C ft St L 64 Preferred 0 Colo COb So 5 Am Mailing 7 let 1st preferred 40 Preferred 30 preferred 15 Am Smelting 36 Del Dei ft j Preferred 88 D 1 L ft W Am Spirits 2 4 D B R G 18 I Preferred 17 Preferred Steel Hoop 43 Erie 11 j Preferred 81 let 1st preferred Am ft W 46 Gt Nor or i Preferred 9 Hocking Coal 15 Am Tin Plate 31 Hocking Valley 32 33 Preferred 80 so Illinois Central jAm Am Tobacco Iowa Central 13 Preferred Preferred 8 Anaconda Ming 39 4 K C P ft O G 8 Brooklyn P F T 73 L E W JM 0 Goto Co P F A 1 I 43 Preferred H Con Tobacco 34 Lake Shore MO Preferred 86 L ft Nash tt Federal Steel 51 Manhattan L Preferred 74 Met Mt St Ry ByU Gen Electric 1 Mexican Central n 11 Glucose Sugar 60 Minn Bt St I Preferred 96 Preferred 38 Paper 34 Mo o Pacific 41 11 Preferred 67 Mobile Obio ThIo 39 30 Laclede Gas 79 M 14 K T P 10 Nat Biscuit Macuk 35 86 Preferred 32 33 Preferred 91 N J 1 central n Lead R RN N Y Central Preferred Norfolk it ft W 24 34 Nat Steel 41 m 8 Preferred 91 North Pacific 52 N Y 1 Air Brake Preferred 73 No American 14 Ontario ft W 21 Pacific Coast 52 O 0 R N 42 1st preferred 81 8 Preferred 7 76 preferred 65 81 Pennsylvania 1 Pacific Mail 45 Reading 17 PeopleS People Gas 1st preferred 52 Pressed St Ow car 64 60 preferred Preferred 85 16 R TI G 1 Yv 35 Pullman Preferred 81 Stan R H ft T I 9 St L 1 S F 9 4 Sugar Ir preferred 68 81 Preferred d preferred 32 88 Ten Tenn n C ft I 84 St L S W M 10 U 1 S Leather M 14 25 Preferred 75 St Paul U V S Rubber 42 Preferred 17 Preferred St P A O OSo Western Union 87 So Sr Pacific 2744 Republic I 1 ft S SU 2214 S 5 Railway 11 Preferred 66 Preferred 53 P C C St L 79 Gold Par or Export New York Jan Gold to the amount of f jj 1 was engaged today for foi cx t crt ct to This will be snipped shipped in tomorrows steamers the engagements heinz as am follows Freres fv rh n ft 9 Co 1000 03 Goldman che Co Bar ir Co Schall Co Stocks at London Ne New York Jan 5 The Commercial London Londot financial cablegram The markets here opened dull and quiet today Stocks were found to be scarce f Americans prices for which responded readily to the bettor feeling In eli all other departments business was The chief factors were the changed ft f linK lii ea esse in money and better news new from where it was reported the waa over and there was some picking un of Canadian Pacific and other her shares sharee Paris also bought Each h 4 and In n afternoon ne Ie was wasa a l by vague Transvaal rumors that i the liters had made an unsuccessful effort to break rh Geneal Frenchs line ai that Cecil Khodos had from Kimberley Paris a Lis tI w s going gol on at Tela official of which were kept dark These to were dIscredited Never thai they hey t had an effect Americano America r affected by the in si n c cin and persistent New jew Tort TorL buying of New ow York lock Central Money easy on release of in government dividends but tomorrow the market has to pay pty on the balance of tin treasury bills The local loan stack s quoted today at 2 premium which hmM helped the money market Call M at the tho dove was vas at t 3 fir firbank bank test lost gold engaged fl Ir r d X for Malta Front From it bought and was secureS ia In bars Loons Loans Exchange and Silver Jan Jen Money on call steady at 4 ft p per r cent met law loan 4 per cent prime mercantile paper 6 S per cent Sterling exchange firm with actual business in bankers bills at for fir and at for sixty sisty days posted retell rates M and OS corn com mt Mite bills Jt certificates Bar 0 n Jan 5 Silver 27 Condition of the Treasury Washington Jan statement of the of the shows Available cash esh balancer gold geld reserve i N New w York Yek Jan 5 Tin broke badly to tod d day ty in sympathy with unfavorable for foreign foreign eign news and indifference on an the part of byers in an Irregular and very vesy The other othes motels metals ware waro nut not specially soc nor wars features of or importance developed At the oboe close the tha maul exchange called Pig Iron wa wan Leko at n nEsy Easy at 24 Steady at 4 The brokers price for lead Is and for copper coppee 1660 GRAfl AUD PROVISIONS S Wheat Showed Some Weakness On Board of Trade Chicago Jan 6 The wh wheat eat market opened o with the absence of stimulating news May a sheds shade under yesterday at This Thie was the high notch for forthe the ills day Vr thereafter the price west un tier der puts LH stayed there buying a Milr these only the feeblest upward motions The Tho poor pew export bus busi sees nese was wae one reason for selling good crop front from Argentine and elsewhere an another other The weakness of northwest k U Minneapolis showing a a greater tall fall ing Irig off then than Chicago and selling orders from that section were also a a factor ia in en weakness 8 On the decline consider able aWo lorn iong wheat was let out With this array of gloomy news the fact were more liberal and clearances smell small added but little to the discouragement of the bulls Ten thousand bushels cash wheat was sold foe the seaboard but In view om the largo large stocks the transactions were con contemptuously retell business and forgotten May slumped as far as possible sad then closed weak c under yesterday at 68 The exhibited early by the pro provision vision market was overcome later by hoary heavy realizing prosecuted through though the session with great animation May pork closed MeU cents under yesterday Ma Malard May lard 7 10 cents under and May ribs b 7 cents cent down Corn by provisions for a time later latem succumbed to tl the Influence of wheat a asid d the reaction of provisions and closed easy May c o down The trade in oats was small and prices a shade lower in sympathy with the other grain markets May closed easy c un under des der yesterday The leang futures ranged as follows 2 I Open I I Low I jaa 65 May Joiy 2 I Open I I Low I Close Jan 3 38 May 33 33 July 33 33 38 Oats No 2 I Open I f Law I Close Jan IS I im i May 34 24 24 Mess Pork Per barrel I Open I High I Low I Close Jan fc May M M 7 1 1077 Per luO pounds t On Jan I I I I May j 6 7 6 j Short Ribs Per MO pounds I O Open n I t High I Low Close Clese Jan 1682 I I Cash quotations were as follows 2 red Corn CoroNo No 2 JL 31 No 2 22 No Na 2 white 25 54 No S 3 white Rye No 2 S Sa Barley No 2 38 45 F Flax No 1 14 Prime seed Mess Men Pork Per barrel i iLard Lard Per pounds Short Shirt loose Shoulders Dry salted boxed Short Clear Cleav finished goods per gallon loaf granulated 51 I Kee Ree Wheat Oats bushels Rye Rys bushels bushel I 6 Barley Pacific San Jan Wheat Steady May Barley t aay M May Jr 71 Po Ore Jan un S There is a limit limited ed of ed coming along hut but tImers is pot 86 enough valley of offering fering to amount to anything As hM high as 55 Has been b paid for heavy hery Wai WaLt but bt 52 1 is time the top for KJ 1 i 1 I and valley is isea with ea it tl 53 Taimo Wash Jan Jam 5 Wheat o highee club erub 51 61 18 Chicago Livestock Jan 6 Cattle Good to choice steers strong inferior weak Texas top 9 steady butchers stock easier can cannen nen slow and feeders steady to weak Good Goot to choice poor to medium mixed stockers selected feeders good to choice cows 5 bulls bull calves fed Texas beeves beeve Hogs Generally S cents higher fair clearances Mixed am and butchers good to choice heavy 4 if rouSi rough heavy light 42 bulk Of sales miss Sleep Steady lambs strong top west western ire ern lamb native 6 western withers lamb 50 L hogs bogs OW Kansas City Livestock Kansas City CHy Jan fi Cattle Market steady sedy Native steers stess 5 cows and ana heifer helfet Texas Peas steers 4 5 Texas cows 2 stockers and feeders bulls Receipts Market ie bulk of packers mixed light era pigs Receipts 1000 Market strong Lambs muttons SJ OS Omaha livestock Omaha Jan 6 Cattle Receipts Market steady Native beer beef steins steers western steers Texas Texan Steers cows and heifers canners stockers and feed feeders ers era calves W bulls stags etc Hog Receipts Market cents higher Heavy 43 mixed light bulk of Sheep Receipts 1500 Market trower Native mutton we west t tern ern muttons stock sheep 3 lambs Denver Livestock Denver Jan 5 R W Market st steady id Beef steers 0 rows cows feeders freight paid to river stockers freight paid to river 5 bulls stags etc ete ww Ho R c Market 1515 15 Light packers 42 mixed ls heavy Receipts none Coffee and Sugar New York Jan 5 Coffee options closed fv firm with prices i unchanged to 20 poInts higher Total seIne bags Including ing lx January March 54 May Mey June US September November 80 December 6 Spot 9 tt firm Xv o 7 invoice 7 No 7 mOM fIrm Cordova 12 Sugar Raw steady refined at steady |
