Show j r BANK STATEMENT F INFLUENCES STOCKS I Was Much Better Than Generally Gen-erally Expected WESTERN STOCKS STRENGTHENED SPECUXiATXON CLOSES lT AX UPWARD JOVELIET j l Silver Is AVgrlectetl Gain in Gold and Loss in Lcsal Tenders Griiiu Marlrets Are Qulet Provision Iii uctive Clilcagro tiive Stock I NEW YORK Sept 5As Monday i 0 legal holiday the stock exchange banks and other financial institutions will be closed IX r o Money on call is nominally 4 per cent Prime mercantile paper 9 per cent Sterling exchange steady with actual business in bankers bills a 4S24 482 for 60 days and 4S404S4 fO demand Posed rates 4S34S5 Commercial bills 481482i4 Bar silver 6G4 Mexican aollars 51533 Government bonds firm state bonds J dull railroad Bonds strong Silver at the board neglected Stocks at the opening were generally a shade lower on the failure of London to respond to our strong dosing of yesterday and on rumors that the bank statement would make a very unfavorable l unfavor-able showing The weakness did not I last long however and the close was strong with an advancing tendency I ocai bears held off for a time but I when the bank statement was published publish-ed this contingent began to cover The statement was better than generally I general-ly expedled The banks now hold I I Sa28550 In excess of the legal requirement require-ment against 34846776 for the crt cr-t lespondiiig period last year A further contraction of over 2700000 was reported < re-ported in loans and deposits decreased A 54863000 The gold arrivals were partly reflected in the gain of 1850000 in specie but there was a los of 3674 000 in legal tenders In the upward L movement near the close the Gran 1 n Manhattan and General Electric prominent The western were moet pommJet wetern stocks were strengthened by a vague rumor that the St Paul directors were Increase in the rate contemplating an inc e te re L of dividend 0 the common stock The or dividend meeting will be held next f week The Manhattan directors wlli also meet for the purpose o tailing a i tlon on the dividend Tuesday The improvement il prices im the late trad V to 2 with General log was equal t 21 wiih Gener A Electric a the special feature with tj sales up to 2SJ6 In the specialties Long Island rose > 2 to 70 Cotton Oil preferred 2 to 48 I and Illinois Steel 2 to 39 Speculation 1 r Specu-lation closed firm with the active stocks f generally 1 pe cent above Fridays general figures Total soles were 100 rl genert fgcs se 141 stares sml i The bond market was strong total r sales were 585000 American Cotton Oil debenture Ss rose 2 to 105 C I O General 5s 13k to 1043 Kansas X Pacific Con Cs certificates 2 to 64 Manhattan Railway Con 4s 2Vi t SOU Northwest Con 7s 2 t 135 Reading Ists prtferred third assess A ment paid 1 to 33 Reading second I preferred 2 to 15 Manitoba ext 4s 2 to SO1 and Union Pacific sinking fund Ss 2 to 75 t In government bonds 5000 coupon 4s gvement cupn f of 1925 sold at 113H f Gold Reserve t Washington Sept 5The treasury y gold reserve at the close of business today was 101082152 The days withdrawals I with-drawals at New York were 32100 Boutin Central Pacific Ists 100 fi Denver R G isis 112 i Denver It G 4s SG Kansas Pacific consols CO Kansas Pacific isis Denver div 108 Northern Pacific Ists 112 Northern Pacific 2nds 103 Northern Pacilie Srda G Northern Pacific consol 5s 45 Oregon Improvement isis 7 Oregon Improvement 5s 10 I Oregon Navigation Ists 105 Oregon Navigation eonsol Es S Oregon Short Line Cs 107 Oregon Short Line consols as 58 Hio Grande Western Ists ajft Southern Pacific of C ltl07 Union PaciftclstB of 1S9G 99 U S 4s reg of 1D23 11554 U S 4s coup of 1923 115 i TT S new 4s reg of 1907 10G U S new 4s coup of 1907 107 I US2s 92 T U S 5s reg 110 U S 5s coup 110J4 I I Stocks i Adams Express 140 American Express 107 I Canadian Pacific 58 I Cent Pacific 140 I Colorado Preferred Fuel and Iron 20 90 I Denver Rio Grande ioj I Preferred lrterre 4 I National Lead sp Preferred Preferre SO Misouri Pacific 19 N J Central 10i Northern Pacific lisj Preferred 393 Ontario Mining JOK Ontario Western 13 f j 1 Oregon Improvement y Oregon Navigation 1 I t Oregon Short Line Utah Nor 12 J t Pacific Moil jgst Pullman Palace Pulman Pae 143 Quicksilver QulctsUver HA t Preferred Prferr 1X < Reading 1554 I Rio Grande Western 15 i Preferred 40 Hock Island 93 St Paul GS Preferred 6 Silver Certificates GC5g Southern Pacific 1GU Southern Railway SIA Preferred Prtferd 21 Sugar 114U 11 Preferred HX > u I Union Pacific s r U P Denver Gulf i U S Rubber l 17 Preferred 70 Wells Fargo Express 55 S Western Union 79 San Franciico Board AIm 5 13 Belcher 57 Best and Belcher 110 Bodie Consolidated 72 Chollar 220 Consolidated Cla and Ya 1 So Crown Point S Ii Gould and Currie 58 Hale and Norcross 1 5 Mexican Iclc ci V i Ophir 61 Potosi 10 Savage m Sierra Nevada 5 6 I Union Consolidated 45 Utah g 91 t Yellow Jacket gg 3f New York General Ttlnrket 81 New York Sept 5F ouSted Rye Quiet unchanged Barley Quiet 48 pounds 31 f c b W5ieat Spot market quiet steady e lower wit options f o b 6618 ungraded red 5657 No 1 northern 65 Options dull and closed weak at i Ss decline following folowIng the west and on local realizing with the trading trad-ing entirely local Dee most active May 6 66 Sept 624 Got 63 Dec Corn Spots dull easier No2 25 elevator 26s afloat Optlons were dull and closed weak at 7 4 decline r j o lower west and easier cables De a v d > cemtoer most active September 25 cm mo acv Sepem October 26 i December 27 May 2974 29Oats Oats > Spot market more active lower Options quiet easier September Septem-ber 19 October 19 December 20 Spot prices No 2 19 4 No 2 white 23 No 2 Chicago 20 i No 3 171S No 3 white 20 mlxedi western 16 1827 20 l white western and white state Hop Steady unchanged Lard Quiet weatern sea 362 city 230335 September 357 refined re-fined dull continent 405 S A 460 Pork Steady new mess 750S25 Butter Quiet fancy steady western west-ern dairy Sg > 12 western creamery 1116 711 1 161 western factory 7111 Elgins 16 imitation 1012 167 Iitton creamery Cheese Quiet firm part skims 25 Eggs Firm western fresh 14 15 western f < sh per case 150350 Tallow Quiet fn city 33Vi country 343 Cottonseed Steady crude 1920 yellow prime 23 Rice Firm unchanged Coffee Barely steady 1020 points down Pig Iron copper lead and tin unchanged un-changed cng Chiog General Market Chicago Sept 5 Money was fn at 57 per cent on call and 7 per cent on time loans New York exchange sold at 125 discount Strength based on heavy exports from both coasts for the week 3369000 bushels and m cold rains In the northwest marked the opening of the wheat market this morning The appearance was not sustained sus-tained for any length of time however how-ever there being quite a large quantity quan-tity of wheat for sale and no confidence dence among buyers After prices had receded to about the position occupied at the close yesterday business became dull and interest soon dwindled away Receipts at Chicago were 268 cars and 151145 bushels were withdrawn from stock From the northwest were received re-ceived 176 cars against 607 last Saturday Satur-day and 119 for the corresponding day a ea ago Liverpool cables were steady to 4d higher Closing continental con-tinental cables were all lower Export clearances at Atlantic ports for the i twentyfour hours were 401662 bushels In the last half hour the weakness became haf te weakne came very pronounced holders exhibiting exhibit-Ing a disinclination to carry wheat over Sunday and the holiday Monday Prices declined about a quarter of a cent further and closed weak December Decem-ber wheat opened at 58 declined to and closed at 5758 of a cent under yesterday Estimated receipts for Monday 325 cars CornNo trading of any consequence and no feature whatever attended the session in corn The motive was obtained ob-tained from wheat hence a steady opening and a succeeding easier tone Receipts were 622 cars 83 less than estimated Withdrawals from stock I were quite liberal at 424780 bushels Liverpool cables were partly 4d lower Export clearances were very heavy at 726375 bushels May corn opened at 2421 declined to and closed at 241 of n cent under yesterday Estimated receipts for Monday 900 cars Oats The purchase of the majority of the trading in oats was with a view to completing transactions entered into earlier in the week Some covering by shorts and soiie selling by longs with a few miscellaneous orders constituted con-stituted the dealings In the market Sympathy with the other grains defined de-fined the tone Receipts were 419 cars There were no withdrawals from stock Exports were insignificant amounting to but 386 bushels May oats closed of a cent under yesterday Estimated Esti-mated receipts for Monday 400 cars Flax was easy Cash 641 bid 64 asked September sold at 64 and was afterwards offered at that December 67 Receipts 136 cars I Provisions Occasional very moderate noticed in but activity was noti provisions the inactive periods ware largely the rule A steady feeling was manifested at the start but owing to the absence of strength in the surrounding markets prices later yielded t moderate offerings offer-ings January pork closed 10e lower January lard 5c lower and January ribs 25c lower Closing prices Wheat September 55 December 575S May 62 Corn September 19 December 21 21 May 24 Oats September 14 May 1SJ4 Pork September 555 January 655 Lord September 320 January 357 Ribs September 315 January 330 Cliicasro Live Stock Union Stock Yards Sept 5The receipts re-ceipts of cattle today were light the market nominal and quotably easy in price The supply of hogs was fair The market was steady except fo fancy light which were 5c higher Sep and lambs were quiet and steady Cattle Receipts 400 fancy beeves 500520 choice to prime steers 465 495 good to choice steers 430460 medium steers 40C42o fair beef steers 375395 butchers steers 320 365 choice stockers and feeders 340 3SO fair stackers and feeders 240 330 calves good t choice 523IW5S5 common to good 325500 Texas steers 250315 other prices unchanged unchang-ed e IoReceipt 14000 heavy packing pack-ing and shipping lots 270325 common com-mon to choice mixed 285330 choice assorts > 5340 light 315342 I pigs 225335 I lipxtteipts 1000 inferior to choice 200340 lambs 260440 Iivorpool Grain Liverpool Sept 5Sot wheat Steady poor demand California club 5 Gd No 1 northern 5s 2d Corn Firm moderate demand American mixed 2s 9d Flour Standard hard spring bakers bak-ers 16s 9d Futures Wheat nominal No 1 Cal I ifoinitu September 5s 6d October 5s 6 4d November 5s 6d December 5s 6d January 5s 6d Red American Ameri-can n fair < demand September 5s 2d October 5s 2d November 5s 214d December 5s 2d January 5s 3d Corn Steady good demand American Ameri-can mixed September 2s Sd October Octo-ber 2s 8d November 2s Sd December De-cember 2s 0 |