| Show BUSINESS AND I FINANCIAL NEWS I I Presidents Pr Message Regarded With Favor on Wall Street CarPER COPER HAD STEADIER TONE 1 I r APP REGARDING MONEY SUPPLIES RELIEVED I f New New York Dee Dec 4 The stock market opened o ed with a p item firm t tOIle tess ne today and aad gath gathered I ered considerable strength during dunnS too rho course of the day The rise aid not em embrace brace the entire list V however and the I exceptions to the tile str t rth were among I the very prominent stocKs One stock Mock or ora ora a group of stocks stock and then another were taken up and lifted in price once The deal Ceal dealings ings in these active stocks toeD were on a avery avery aVery very large scale but the aggregate regAte Q ot the days dealings Indicates that the mar market market market ket was not very broad The general sentiment among the speculative com corn community community over the contents of the presidents pre presidents l dents message me was wu favorable The roe rec of the secretary of the treasury looking to the reform of bank banking bankIng bankins ing ins currency were also viewed with sat satisfaction satIsfaction in the financial district The steadier tone of Amalgamated Cop Copper Copper Copper per removed an ap extremely disturbing In Influence influence fluence and was a potent factor though a negative one in Ia the strength th of the mar market mArket marRet ket Ret The trading continued to reflect hen hes hesitation while white the course of this stock continued erratic but when the firm sup SUI support support port at about last nights level was per perceived the general tone of the market become decidedly more confident The trading in Amalgamated Copper was still on a very large scale The stock nearly touched the low record established established yesterday for f fog a moment mom nt during the morning but rallied 04 strongly during the latter part of the day and closed with a anet anet net gain gam of 2 The TIle renewed break m in inthe the London copper ropper market was ignored The rile fact tact that no engagements of gold were made for export tomorrow served to relieve some apprehension that the money supplies would grow tOW stringent by the draIn dram to that r The banks banka have I lost to the this week up upwards upwards wards of ot including the pay payments payments payments ments for the gold exported db n Tuesday But the expected drafts for nearly i GOO of Australian gold of which the sub treasury was notified over a week ago have hae not yet been presented Application has already been made for forthe forthe forthe V the withdrawal of ot of government V bonds on deposit depo lt to secure national bank circulation which Is ia the maximum al allowed allowed lowed for the month It is 18 evidently n V tended to offer these bonds for V tion The eagerness of the banks bank to with withdraw withdraw draw these bonds and in consequence con to reduce their circulation is b I evidence that V the premium offered by the government nt for the redemption of the bonds is the I impelling motive rather than the needs of ot the money mone market for tor additional sup plies The monthly statement of the money V In I n circulation In the country by the tho trus treas treasury ury department shows an increase ut ul nearly nearl during November m iS I spite pite s of the of gold exports and anda I Ia a slight decrease e in the national bank ban circulation c Anxiety over the money out look ook l was therefore not in evidence to to day in spite of a deposit lt at the sub treasury t for transfer to New Orleans oi ot The roost most notable points of strength h in iii I the he t days market were among the Gould Gorki I tocks stocks e led by Manhattan which rose an at L extreme 4 4 This stock served as a t L leader eader l New York Central was strong aB as u V Pennsylvania Gen eral Electric rose Hi There were marr gains of 1 l to 2 In m the south A v sst st i eras ems Grand Trunk and indus trials Notwithstanding the satisfaction pie pic p c 5 over Ter the trust paragraphs of Ite th i presidents message the al 11 a I stocks and anti United States State Steel were lag Ja cards garde in the advance Great Northern preferred lost 1 and Northwest 6 with a rally of oC 3 The market closed clo ed slightly P l stocks i ar but near Dear the top tOD for may many man P V Speculative bonds bon were strong stronE but I thet ther was waa In the general list Total in sales 1 United States re funding is advanced It i and the 3 Se r reg r fc per cent on the last call Bond Quotations r U S ref v 8 r Val Do coupon 1 IL LI N U TT U l S as 3 reg i Hex Cent Is 18 A 83 i IT S Se k coup 1st let inc ioe 31 3 IT U Ly LyS S n Is 4 reg M A St L t U S n a 48 coup M K T Is U L S o r reg K A T 2 Sc a 36 11 U tr S p 0 N Y y cent ls Is U S Ss lIS 5 reg re General U IT S is be coup N J 1 C g gen n Atch gen genC 4 Nor Pac Pee I Adjustment Ie 4 M Nor Pac 38 72 7 I B B J 9 O 0 i N I W con S B B O 0 3 Read d gen yen Is 50 I I ConY 1 St t L I Iron M X I Can Gan So s consol is 11 I C of G 1 L S F 16 97 7 I 1st inc L 1 S W Is Ii 67 I I C O 0 4 St fc 1 I I S S W t s 76 71 4 I C A 3 Ant I Ara Are I C B Q n Is W 06 Pass Pu 48 4 9 4 I C M I St P So ISo Pac Pan ta 92 t fi I general Ill ISo So Ry Is 58 1305 4 I C N W con consol Tex It Pac Par Is ilS 4 I sol aol Is 78 l lP ITol Tol St L 14 LW I P C R L T I A P 4 W Is a SI II IV C C C St L Ta Union Pac SIC C I II V general gene 4 Is Ie Ii hie Term Terre 4 SI tt Wabash Is u I I Colo olo So 4 Wabash IU mit B P R G 0 4 Debenture B II 00 I t Erie p lien Hen 4 10 l West Welt Shore 4 lH General Ii lOn Hs W tt L 1 E B 48 tl 61 I Fort W V De Deity Dee WI Wi Cent 30 I ity tv Is l t Con Tob Is 66 Stock Quotations V Atchison iI Pennsylvania 1 lit Preferred H So Mo Pacific IO ft B O l So Railway Hanway 34 3 Preferred 96 36 lil Preferred 93 36 ran Pan Pacific k Pac 40 10 Can Southern 8 85 St L 1 W 19 13 1 CItes Ches Ohio 48 Preferred 32 3 Chic Alton 3 Union Pacific Iw Preferred 77 Preferred 89 C I L It 48 18 Wabash a bash 22 Preferred 74 14 Preferred 41 43 C E B 1 W A L Ij E B 18 1814 C G W IF 24 1 Id cI preferred 30 Preferred A 87 18 Central 20 J Preferred B 4 ff Preferred 42 c N W r Adams Ada C R 12 I 1 P Ama Express C T T P 18 18 1614 U S Express 91 31 Preferred Fargo C C C St L 98 58 IMi Amal Aural Copper 74 Cole Goto Southern 14 1 C r F 29 1st preferred 68 Preferred 86 30 M d preferred 27 21 Auto S A I R 44 14 Del Hud 17 Preferred 96 D lb VI L W Ana lAna Min Kin Co 31 D 0 R G 46 45 Brook Rap Bap T 66 6 Preferred 94 34 polo F 1 I 1 31 Erie Brie 42 on Gas 21 lIS y V 1st bat preferred Electric is d 38 preferred 68 50 Sugar 39 Gt GL Nor pfd Coal 1314 Hocking Reeking Valley VaHey 83 36 83 Inter Paper 21 Preferred 81 M Preferred 78 Ills Central Inter Power la Ta Central 38 36 Gas Gs 93 Preferred 73 71 Nat Biscuit 44 41 Lake E B W V 72 i Nat Lead 1544 Preferred Nat Salt 31 il Louis Nash Preferred 62 6 Manhattan L Lla North 92 Met St Ry Pacific Coast 77 Mex Men Central 3 Pacific Mall Mail 46 Mex Men National If 1434 Gas 1 Minis Minn St L LIO S 5 Car 42 4 Mo Pacific lilt Preferred M 51 K I T I Pull Pal Carmi Car Preferred Rep Steel Stel 16 15 N J Central 17 Preferred f 00 N Y Central SUM r 13 Nor West 1 enn C 1 I 61 1 Preferred H 91 Union B A I P 16 13 Nor Pac Pee Preferred 75 Ont Onto West 35 u S Leather 12 Reading 69 iI Preferred 52 1st let preferred M 30 U S Rubber A Sd d preferred W 00 Preferred 52 St L Ta San F I U S Steel 4 2 1st preferred tt 89 Preferred I V preferred ed Untie Union St 1 L S W WB 28 20 Amu m s Preferred 89 Preferred 8 89 St Paul 1 7 Preferred Total sales Ies Loans Exchange and Silver New York Dec 4 Close Money MOne on oncan call can firm at last loan 4 per cent cant Prime mercantile paper 45 per cent Sterling exchange firmer with wit rr actual business in bankers banke bOle bills at 87 for de do demand demand domand mand and for sixty days daya Posted Pooled Pc rates Commercial bills 4 84 Bar silver sliver 64 54 M Mexican dollars dollan 43 Metal Market New Nw York Dec D e 4 There occurred o a further break in Ih copper at London today toda and private advice Ad reported ported good saes sa sales es movement at lit the lower lore Th The mar mark kt k t ti th In i n f r lo V V n p t and a nd 21 1 5 on futures thus the former was waa quoted at 35 6 Is and the latter at 51 06 or the lowest level reached since the recent downward movement started The local ocal l lt lV market for tor that metal was unset w tied t and nominally quoted at for V lake iske and 1 1616 16 for casting There was no reported report d lis is tin tte It I t eased d off oft l 2 at London under liquids I t but hut trading was light spot closing g quiet q at TM Ss ha and at etCH Local prices for tin were also o lower Jower to days d ays decline amounting to 1 to 1 cents ceno Thus ThUll spot was quoted at 2450 2050 Lead was wu dull at home and abroad losing closing c at and 11 respectively Spelter was also o dull at New York and at a a t London the larte former closing at t 43 4 acm om eal l and the latter at 16 13 Ills k Iron was quiet but about steady Pig Iron I ron warrants No Nb 1 northern foundry f U K No 2 foundry south southern es ern e lu No 1 I foundry southern s f oft M 14 W tG 9 Glasgow Kow warrants closed c at Re e led lOd and Middlesboro boro closed cl clat I at bad Stocks at London 4 New York Dec 4 r igers t London financial cablegram The stock tock s market m today was Idle and ular Americans Americana 8 were neglected Pre Preel dent mild allusions to trusts ts In i n his message age reassured but to at I tract buyers The market is ie sUB still over shadowed by the copper situation Amer Aner lean l ean n f shar shares opened ned around parities eased ei oft off slightly and then Union Pacific im ha 1 proved on New Yorks afternoon support and Pennsylvania Louisville Loul ville Nh VHS yule And nd Erie Erle owing to New York orders stiffened on the curb after the t e close ol or o the exchange Rio closed d steady y Copper broke to 55 56 Os lis the ton V Condition of the Treasury Washington Dec Dee 4 s statement s of the treasury balances shows shower Avail able cash balance gold GRAIN AND PROVISIONS Chicago Dec 4 Speculation on the tile board of trade today was waa such auch as u to recall the great transactions of Hutchin Hutchinson eon son Cudahy Kent Ream and the other giants who ruled the pits pitI and swung swig prices for fortunes every session Ion Bun aH R enthusiasm such as s has not been in the last few years ears had bad possession of the markets and in spits of heavy selling for profits every pit closed strong Transactions in wheat were on ott a scale seale that indicated the western country was WAil thoroughly arou ed to the situation Th Tb slight sag at yesterdays close follow ing lug the early buoyancy attracted buyers everywhere Both primary and north northwestern Jl northwestern western receipts were reported rapidly raph y decreasing The cable list 1191 did dill not re respond respond spond to yesterdays sag and later cables showed a marked improvement Temp to take profits induced many holders to realize but with the Ute enthusiasm that seemed to prevail on alt all hands early sellers soon sOl became b me the nest best buy buyers ers era The countryman v r do s practically p in control of the market markets responded rapidly to i ter fer er bullish laces een i Live tive and this strength was again re e here Flour at Minneapolis ad advanced advanced advanced 10 cents Dry weather r in the southwest was wan reported damaging to the winter crop and news new was constantly ar an arriving arriving riving that wheat was being fed to stock With all these influences trade showed a steady advance December opened ft cents cent up sold to T and closed ecI strong trong lei I cents higher at 75 75 May opened l to i cents up and sold to 79 79 Hosing closing strong 1 cents higher at 79 7 Corn lent Its share of activity to the general strength The buying was of V general character with shorts covering and a good demand present from the V outside Wheat activity Influenced this pit greatly and light receipts and un nit unsettled unsettled settled weather brought on a bull bun cam cm campaign campaign V Trade was not heavy but the market was under a II constant nervous strain December closed cloned strong 1441 1 1 cents up at A 3 3 May sold up to 87 1744 and closed strong 1 cents higher at 67 Oats had a strong bull market all the session May lIay sold to a new record at 45 and closed cl strong strOBl cents up upa at a t 45 4 V VA A good country demand for everything on the provision list held hog products product strong together with the strength th in Iii ingrain grain J January pork closed 22 2244 cents up lard Jard 15 Iii cents higher and ribs 10 cents up The leading futures ranged as follows Wheat No 2 V I Open I High I Low I Cloge Cloe Dec Dee May lIa Corn ComNo No 2 V V VI I Open I l High I Low I Close V Dec Dee I S May I 85 1 July 5 1 1 tm 65 l Oats No 2 rOP I Open n I nigh Low I Close I Se Dee Dec 1 43 44 44 May 43 45 I 45 44 I July 39 kless 40 k 4 Mess less Pork Per Barrel I Open I High I Low I Cl se Jan 1306 1640 1006 May 1164 1316 1672 1371 Lard Per Pounds I Open I High I Low I Close Dee I UI Jan 93 May lay 9 4 Short Ribs Per Pounds I r Op Open c I High j i Low I Close Ci CiJan Jan I I I May J 85 1830 8 O Cash quotations were as an follows Flour Firm standard patents patent ad advanced advanced v 10 Ie cents Wheat No 3 S spring 70 No Xo 2 jed red Oats No 2 ro No o 2 white while 47 p 06 0 8 No 3 I white 4 Ry No t Z fl ry Barley Fair to t choice malting 3 V Flax ax Secil No J No 1 northwest northwestern V ern em c nn Timothy Seed Prime 65 Mess Mesa Pork Per bbl 15 li 4 ei 50 Lard Per lbs Ibs Ib Short Ribs RIl s loose S 40 Shoulders Dr s boxed f j Sides elar clar boxed 70 jISO Whisky Basis of high wines 1 13 LIt 32 S1 Clover Contract t F grade 9 K I IJ J I Rec I Bbl Flour barrels barrel Wheat bushels ls 2 Corn bushels 00 Oats bushels 2950 2970 R Rye e bushels bushel I j Barley l y bushels bushel b 2100 Pacific Coast Grain Markets San Francisco Dec 4 May lay May day 75 jj V Tacoma Wash WuL Doe Dee 4 Wheat 13 U 1 cents up blues blue bluestem tern 61 club W 10 0 V Portland Ore Dec Dc 4 Wheat Steady at 60 cents for Walla Walla Valla bl 61 tot for bluestem LIVESTOCK MARKETS Chicago Dec 4 Cattle Receipts 16 M including J westerns active and 1 15 11 to 20 39 cents higher Good to prime ti poor to medium 00 OO stockers and feeders 2 cows r heifers canners 1230 bulls bulks 2 zI calves calve 2505 50 Texas f fj steers western wf tern steers steer OO today tomorrow left over Active and stady tead to higher except for Cor light Mixed and an butchers S 10 good to choice heavy heavy 6 15 rough rou h heavy heay 54 5 light I 73 bulk of sales 5 Sheep Sh Receipts sheep ep stead tead steady Good to choice fathers fethers t fair fain to n choke choice mixed 27 7 51 western sheep native nathe lambs 4 00 we iambi lamto lam a V St Joseph Jo ph Mo Dee Dec 4 Cattle Re Receipts 2100 market 10 1 to 15 13 cents higher hl Natives 3 2 cows and heifers betters veal reals 2 25 bun buMe and tap tan iIO stockers and feeders 2 k Sheep Receipts strong Top TOI lambs iamb r c Denver DenYer Colo Cole Dec 4 Cattle Receipt V VW W active steady Beef steer ateer at r cows 2 60 feeders fret frel 1 at pad tj I J river 10 stockers freight paid id to river riv r 3 bulls buUs stags Map etc lff 1 p I SW Hogs Receipts higher Light packers 5 90 mixed and heavy 5 i It J No sheep heeP V Kansas City Ho Mo D ne Dec c Re Receipts 1006 strong Native beef beel steers Texas and Indian steers Texas cows cow natiVe natHe cows COWHand and heifers ss stockers and feed feeders ers era e bulls bulis calves 25 H WR Receipts steady Bulk Buik of or s les 1 le 11 heavy 25 packers packer medium 5 li light yorkers M pigs Sheep Receipts strong Mut Met Muttons Mutt tons t lambs wether ewes Omaha Neb Dec 4 Cattle Receipt 2 active steady to strong Nati Native beef seef |
