Show k ON TEE RIGHT I f SIDE THIS TI lEi I lE-i I J i Salt Lake Shows an Increase I Though it is Small I i PANICKY LONDON MARKET DEYELOIJIEXrrS OF THE DAY o USE A SEXSATIOX t i Financial Circles Wave Xot Been So Badly Stirred Since the Having Panic Sterling Excluinse Market Ruled Active and Higrlier Bond Market in a Most Thoroughly Demoralized Condition tJenha tioiial Advances in tIle Call Money Market 1 NEW YORK Dec IMThe following table compiled by Bradstreots shows the total clearances at the principal cities and the percentage of increase or decrease as compared with the corresponding week last year = CitI es 1 Amount IncDec New Yorl < C8106G 47812091 Chicago r S974y059136 Boston 1 1 9US49200 SOl Philadelphia i 70290968 23 St Louis j 26650SOSjll2j San Francisco 150GO220Ul Baltimore 1 14717238 72i Pittsburg i5iI25Sl18S Cincinnati I 13 G22 iSJI8Sj Kansas City 1 U7UO690 76 New Orleans 1422SOj145i Buffalo 53292171263 Milwaukee 51G2947I141 Detroit 1 7282646217 Louisville I U46G07GJ 4 Minneapolis 10402G2958G Omaha 4449710 5 Providence fc 601 60010 I 3 Cleveland 1 670040lia 8j Houston 732246911 66 St Paul 585 S70i247 Denver LflS9639120j Indianapolis 4168SC1 53 Columbus D 3309800 38 Hartfoiti 1 245950S21S Si Richmond 1 2S206S7i320 Washington I 2140070195 Helena 1 5S97133SO Dallas 31067421 6S St Joseph 13990001214 Peoria 1 17552481302 Memphis 2344532165 Portland Ore 1439350 43 Rochester I I 1713043 30 New Haven 16558451154 Savannah 1097152115G Springfield Mass I540b25i 76 Worcester I 14484501142 Portland Ho 1405450 611 Atlanta 1905853 40 Fort Worth 15085241142 Waco u 2502141 5741 Syracuse 1250363 U61 I Des Moines 1051466 19 Grand Rapids1 M7493I 60 Seattle 1 532473101 Lowell 1 721011 SS Wilmington Del CSS790 53 Norfolk 1135211 27 Sioux City 1 6J J71107 Los Angeles 2T3372313S5 Tacoma 5273661 Saginaw Midi 4S0649153S Spokane i 450914424 4501141424 Jacksonville I 297374 34S Lincoln l 5392241SOS1 Ivev Bedfordl l 49S1851il 362 Wichiia 41 80S7 12G Birmingham 430962159 Topeka 605414 100 Lexington Ky 343805 1061 Binghamton 1 248800 201 SALT LA1CE CITY I 1223460146 I Bay City l1cbl I 21857SJ35S Fall River I I2ti9398240 Akron O j 309799337 Springfield 0 vl 201 33 80 2172001661 Canton i Sioux Falls I 102910 I Fremont lSebj 60587 1 Hastings Nob 7927 69 Chattanooga 231000105 Fargo 1577215391 Nashville 1 115391 I 65 Galveston 1 71906751 13 Toledo 1592360 Kalamazoo I 97292177 Rockford 1 230037277 Total United StatesSllS5267G3911391 XCUSA of NjrLIjJ01201161100 I DOMINION OF CANADA Montreal i ll 9687961 S = Toronto rA rrolon n Halifax 140537723S1 Hamilton 77557012031 Winnipeg 145370312281 = Totals T 12320M031 991 Not included in total I BRADSTREETS REVIEW New Tork Dec Bradstreets stock feview says The Venezuelean message has been the occasion of a disturbance of the stock market values London has sold freely its stock offerings amounting to about 100 003 shares There has also been liquidation liqui-dation on a large scale by holders of stocks hero while the declines forced out a great many stop orders and weekly margined accounts The indisposition to purUiase was no less marked than the selling pressure though it should also be noted that the traders are almost entirely en-tirely bearish ins sentiment and that the short interest has been seriously increased increas-ed A feature was the > cancellation of foreign standing orders to buy bonds The declines have been very general industrial in-dustrial stocks suffering equally with the securities in which London was a depressing factor On the whole the street is not inclined to think the complication with England over the Venezuelan boundary question will result in war Nevertheless the prospect of a long drawn suspense creates cre-ates great speculative uneasiness the reception re-ception of the news abroad having avery a-very unfavorable effect on speculators tnd investors SEEN BY DUN New York Dec 20R G Dun tos weekly review of trade which issues is-sues tomorrow will say The strong Americanism of the Presidents Pres-idents message has given its character to the week Popular feeling was profoundly pro-foundly moved but excepting in stock and cotton markets business was remarkably re-markably dull and scarcely effected Belling of securities held abroad was a natural first impulse though the sellers sel-lers are not unlikely in time to discover dis-cover that no other securities are safer rom international complications than the American Coming at a time when yearly all produce markets are inactive 2nd industry unusually dull the disturbance dis-turbance has affected values much less than might have been expected Not because of any foreign quesuon but solely because of influences which l for i have been in continuous operation months prices of manufactured goods continue to decline There is no great change in boots and shoes and in some branches the demand appears a little better though gradually lower prices are offered and lead jobbers look for prices lower still Shipments from the eighth smaller than last cast are an weok but 3 per cent larger for the SonOi to date Leather still declines averaging 2 per cent lower Prices of iron and steel have fallen week and are about 3 per cent for the now 3 per cent below their maximum Bessemer pig and grey forge and most Idnds finished products having yielded mare or less Purchases by the great tel oonpanies it is now evident were much in excess of their actual con eumption and it is believed that some iurnaces will have to suspend production produc-tion as the demand for manufactured products is too small to support the output Minor metals are weaker copper cop-per being offered at 10 cents net The American production in November was 16i 330 tons and the foreign 70705 tons 3 X ead is weak at 320 and tin after arise a-rise in price is selling at 1375 It sounds strange to hear the many complaints slow collections and paxcitv of money at the west on acT ac-T connt of tardy movements of products from the farms when western receipts in three weeks have been 18615 499 vshels laigalnst 14C46344 last year < while Atlantic exports flour included L ° ara only 5812C37 against 6435100 last year rr Failures far the week have been 377 a the United States against 349 last ff 0 y i t J Jr i year and 32 in canada against 36 last year I LONDON WOOL SALES London Dec 20At the sheepskin I sales today 2100 bales were offered of I which 800 were withdrawn The demand de-mand was fair with prices hd1d lower I Cables from Melbourne say the auc tion saies closed yesterday with a firm tone Since November 11 cross brefls have dropped ½ d and since October 1 superior merinos have partly advanced l d and lambs d while other grades have ruled unchanged Of the 706000 skins auctioned in Australia 621000 were old HELLO New York Dec 0The International Bell Telephone company has declared a dividend of 6 per cent payable January Janu-ary 3 HAD LITTLE EFFECT New York Dec Representatives of Bradstreets at twentytfhree cities interviewed many leading manufacturers manufac-turers and merchants Thursday as to the effect present or prospective on trade of the international situation precipitated by the presidents message the message itself and as to the probability proba-bility of actual hostilities In no instance in-stance so far as the interviews extend is war considered the probable outcome out-come So far as the effect on business is concerned eastern and western manufacturing centres and many of the larger western and northwestern distributing dis-tributing points report no effect is felt whatever GREENBACKS SHORT New York Dec 20Thc Evening Post says a curious condition of affairs was developed today in connection with the withdrawal of gold from the treasury I and assay office for shipment tomorrow In consequence of the sudden tightening tighten-ing of the money market gold shippers were unable to get enough greenbacks United States legal tender notes with which to draw the gold out of the treasury But for this a much larger amount of gold would be shipped tomorrow to-morrow It is only possible to get a large amount of gold out of the treasury treas-ury quickly by the presentation of gold certificates or greenbacks of large denomination de-nomination Large amounts of green backs of small denominations could of course be obtained but it would take the treasury officials so long to examine and count them that in withdrawals of millions of dollars some days would be required The treasury would na turally not care to do the work any faster than was absolutely necessary Should the present condition of affairs continue and sufficient greenbacks could be obtained with which to with draw gold from the treasury gold it was said would immediately go to a premium and specie payments would then virtually be suspended The rates for exchange would be advanced to meet the cost of procuring the gold Regarding the trouble today a bank president said that that was the fault of the speculators themselves If they had called their loans yesterday he said their banks would have come In large creditors at the clearing house today and so have been well supplied with large bills I I THE COUNTRYS CASH Washington Dec 20 Todays statement state-ment of the condition of the treasury sncws Available cash balance 174511241 gold reserve 57263SOSO I WALL STREET New York Dec 201n a general way the average Wall street habitue was prepared after the close of business yesterday for probable depression in the stock market today on account of the Venezuelan message episode and the renewed outward movement of gold The actual developments of the day accordingly caused a sensation in financial circles that has not been equaled since the Baring panic in fact In some particulars that gloomy evtn was overshadowed in point of inter est The first shock came in the shape of a panicky market in American se curities in London with dpriinr > tending to 5 per cent British consols also came lower The successive ca bles reported great excitement at that center and wholesale liquidation of the international stocks at rapidly receding re-ceding figures Before the opening here it was definitely stated by gold ship ping houses that 2400000 of the 5000 000 that was expected to go out tomorrow tomor-row would be arranged for today The combined influence of the develop ments noted was reflected in a wild opening in the loyal stock and bond markets Trading was very heavy from II the outset and in the initial dealings breaks occurred extending to 4V percent per-cent in St Paul After a momentary recovery of 11y per cent a fresh outpouring out-pouring of stocks occurred which as in the case of the London selling re flected chiefly liquidation by scared holders and prices crumbled right and left Stop orders were caught in large numbers and this of course accelerated acceler-ated the downward movement Slight rallies occurred several times during the forenoon but the continued selling pressures swept them away The lowest low-est prices extending to 15Y per cent in Lead preferred were made around noon The volume of business was on a tremendous scale The dealings in the first half hour registered 141194 shares and in the first hour 243185 shares Trading in bonds was also on an almost correspondingly large scale and the losses ranged up to 15 percent per-cent in Wisconsin Central first trust receipts The unfavorable general condition con-dition affecting the speculation was aggravated by sensational ladvances in the call money market The first figure quoted was 6 per cent by 1235 oclock the price was bid up to 25 percent per-cent Large sums were loaned at between be-tween these figures The sterling exchange ex-change market also ruled firm and higher actual rates for demand rising ris-ing 14d over yesterdays rates while several leading firms advanced posted quotations for sight bills to 4901A Toward 1 oclock the selling pressure abated and a sharp rally in prices occurred oc-curred followed by a reaction in which a large part of the improvement was I lost on a jump in call money to SO pre cent the highest figure of the day A break of 6 per cent stimulated liberal lib-eral buying in the last hour causing recoveries from the extreme low points ranging upto 11 per cent in Lead preferred Near the close money again sctiffened to 50 per cent and closed at that figure This fact caused recessions reces-sions from the improvements noted and contribued to an irregular closing The market left off unsettled at net declines The aggregate sales were 743276 shares including 118700 in Sugar The bond market was in as demoralized demor-alized a condition as the share market mar-ket and heavy blocks of bonds were thrown over on liquidating orders The foreign selling was very large and the international issues sustpined material losses In sympathy with the stock market there was a slight rally in the late afternoon trading the recoveries in prices reaching 6 per cent Dealings were on a heavy scale aggregating 3 248000 or about three times the recent daily average Governments sagged sharply on sales of 20000 Government bonds weak and lower with new fours down 3 per cent each State bonds dull railroad bonds firmer loney on call 580 per cent last loan 50 closed 50 bid Prime mercantile paper 4J5 percent per-cent Sterling exchange firm with actual business in bankers bills at 4S9H4S9 ½ for demand and 4S74S8 for sixty days posted rates 48S ½ tS9 and 4S9490Y commercial bills 487 I Silver certificates C61 NEW YORK GENERAL MARKE New York Dec 20PIG IRONQuiet southern 120014OQ northern 12001400 COPPER Dull prices unchanged LEADQuiet brokers price 310 exchange ex-change price 322H > SILVER TINDull plates dull COFFEE Options ruled generalyroak ti d J jt r jJ 1 and under influence of Wall street failures fail-ures and inactivity of spot market closed steady at 1015 points decline March 13301335 December 13701380 Spot Rio dull and easy No 7 14 ½ mild dull Cordova Cor-dova 1S1S SUGARRaw steady refined steady CHICAGO GENERAL MARKET The IcadLie futures were AS roliowat vhAr1o I I J Open I High I LOW I llon Dec I55l55M53 154 3 fI Jan w55155 154 54Wd54 May 5Sgi858 157 57Wl57 CORNNo I Open I High I LOW I Cio De l2325lfTh 125 den 125 123 25 j 2516 I May 128 128 17 127 I JUly fg2SI2S28 i 28g I2S2Si I AlSNo 1 I Open I High I Low I CiOAo I Dec I I r I 116 4 May 11819 j1919 j18s tl8fil MESSPOIKPe narre I open I Bign I 1101 I Close Dec 1747 l747 1745 747 Tan 18H ½ IS47 ½ 830 17471h May IS82y lSS2 1 ½ ISti5 872i LAHDPer ItS ibm I Open I Hll Low i 1a4 Dec 1 1515 Tun l527 IYJ I 5274 I 520 I522 I y liJO 1150 iJO j40 SH0Rl RIllSPer IOU lU8 I Open I HIgh I Low I Cl01o t DecT I I 420 Ian 425 j425 420 L2i May 1450 130 1440 4121f FLOUR Weaker WHEAT No 2 spring 4253 ½ No3 spring i33fl344 No2 red 59360 CORNNo 2 23 OATS No 2 17 No 2 white 1919Vi No 3 white 18i418i I RYE No 2 33 BARLEY No 2 nominal FLAXNo 1 934 TIMOTHY Prime 345 350 I MESS PORKPer barrel 775800 LARDPer 100 pounds 552 SHORT RIBSSides loose 42UQ > 42D SHOULUEKS Xry salted boxeu 4ffe I SHORT CLEAK Sides boxed 4OStgl WHISKY Distillers finished gcods per gallon 122 Article l1to 1 c I Inlp Flour barrels j OCOOF 11000 Wheat bushels 91000 84000 Corn bushels 2150COil62COO Oats bushels 198000 161000 I Rye bushels llWOj 5UJO Barley bushels 820001 20000 I On produce exchange today the butter market firm creameries 192G dairy 1122 eggs firm fresh 20c SAN FRANCISCO WHEAT San Francisco Dec 20 WHEAT Inactive In-active December 9S1f May 1MV Cleared 66550 centals wheat CHICAGO LIVE STOCK I Chicago Dec 20 There was no particular I par-ticular change in prices the great bulk or tho cattle going at low figures and I the trade in holiday beeves Is now over Beef cattle sold at 30040 canners I stuff was at a decline of about 1020c Choice calves 550575 Trade in hogs was active in spite of the rain at stronger prices Common to prime 33a357 packers 350 Sheep sold at an extreme range of 150 C 400 lambs at 3CO435 westerns 250 < 332 KANSAS CITY LIVE STOCK Kansas City Dec 20 CATTLE Receipts Re-ceipts 4400 shipments 2900 market steady native cows 125300 stockers and teeders 225Q345 bulls 2002S5 HOGS Receipts 6000 shipments none bulk of sales 332ii337 heavies 327fJ345 lights 320335 pigs 270 325 SHEEP Receipts 1700 shipments 1 100 market steady lambs 30a425 muttons mut-tons 200tiS25 OMAHA LIVE STOCK Omaha Dec 20 CATTLE Receipts 2100 market slow native steers 3003 440 western steers 275S370 calves 225 S323 < HOGS Receipts 6000 market shade stronger heavy SSOSSSS ligths 325w 332 bulk of sales 30332 SHEEP Receipts 750 market steady westerns 200300 NEW YORK MINING STOCKS Nesv York Dec 20 Bulger 08 Ontario 7CO Chollar t2 Onuir t20 CrownPolnt u 40 Plyznoutn 1 C C Va 180 Qulcksivlrn 2C1 Deadtvocd C5i Preferred 1550 G C 33 Sierra Nevada 40 H N MI I Standard ICO HomestaUe 2UOO Union Con u 1 3i Iron Sliver 25 Yellow Jacket iji Mexican 20 SAN FRANCISCO lINING San Frnolsco Dec 20 The official closing QUOtoiODD tor mlnlnl stocks today wore as follows AlOe Ientuck Can Ala Apha Can 02 I Lady Washington Andes 16 1teder 39 Helcher 28i Mono uu 07 Delle Isle u IMount DabID Is E Bn OjOccidental Can s Badia Cal 41Ophir m t 31 Bullion 11 Overman u 18 Bul wer Con 12 Potosi u t CaledonIa lG Savage u Ill Challenge Con Scorpion h O Uonfldcnce Cuollar I 49 J0Silrer 1 SIerraNeat3a Pill C C Va tilSilver King g g g Con Jmperial C2Union i Con 41 Con New York I Utah Con 02 g J 231 r 5 Crown PotnL 21 Yellow Jacket53 Exchequer 12 l Silver bars c a Gould Curry 1 Mexlcmdol 53a53 HkN itDrats sight Julia Julco I lllDrats telegraph 7H RAILROAD AND OTHER BONDS Now York Dec 20 Atchison I2j 1 Northern Pea 13 Adam Eprcss45 Preferred Eprcls Preferredun 1 JAm I Am lxpreJsuI1 U 1 D u 12v H 00 46 Northwestern b CamdaPacu CI Preferred CnnadaSou 41 N Y CentraL 4 CenralPao h I l I Ore Imp 03 Che8 0 l34 Ore lOss Ii Chicago Alton 155 OreS L U N 01Y C B G Q J Plttsbur Ji Chicago Jag 634 Pulman 1alaoe 1ST i Con Gas al heading Olj Colt C 1 u I H t W Ii D L W liJ9 Prcfrred 40 D R G pre 40j Rock Island 61 D 2e C 0 Co 4t0 Gt Paul Ii I frio l Preferred 121 1letered 2l StPo 314 Fort Wayne icr PrererDdul Great or prot11 SO1crn Pac 18 illinois Central 41 Sugar Refinery lWl Ladeihore i41 I I Unton Pac IG Leetilrust 23 u S Express H Man Con iO3Ss Wels Fargo EX1CO I MIch Can Oil Western UnIon 1 Mlsbour Pac 229 D K G HH NH Cordage 4 Gen Eleo Preferred 08 Col1uell 5554 I N J Central il5l Prtlerred 91 I North Am Co 4 = I GOVERNMENT AND OTHER BONDS Sew York Dcc 22 U S 4s regnewi9 ½ D R Gs IUD < New 4s new couplHHS IU-D RG 4s PUN US Esreg ill PU-N > 3 ills U S5s coup 114 NorPaolsts 1171 U S4srei u 110 Nor Pac 2ds h12 U S 4scoup HIM N W Consols UUV4 U 12sregu i NWS Fdoo5slh Pacific 6eol 95 lO K G TV isis h 71 Missouri Os 1U < > St P Consols 7sI 7 Atchuson4sS Do C P W 5S1I4H Ditto Second A 24l SLLS F cAn sl06 Canada So 2nds IT 4 U P Istsof 06 los C Pao Istsof 051 104 I FOREIGN FINANCES New York Dec 20The Evening Posts London cablegram says There was a severe panic in the stock exchange here today All American securities se-curities shares and bonds alike are I practically unsaleable here The panic I today was not based so much on politics i or a war scare as on a predicted financial crisis in America Five million more dol lars in gold are said to be engaged for shipment from New York tomorrow making 10000000 in all but this is not absolutely confirmed I is however only a question of when more gold will go The declines in consols was not on investor selling but on bear selling In Americans the rush of genuine holders to realize was enormous The shock received re-ceived by the tone of the presidents mesage and still more by its acceptance by the House of Representatives being one of the severest ever felt here Other markets were flat in sympathy with the small business I is rumored that 3 OOOCOO in gold have been engaged by the Rothschilds for shipment from America I cannot confirm this but the report comes from a good quarter Prices closed a fraction above the worst Paris The bourse was flat today out of sympathy and for the reasons cabled yesterday Berlin Thel markets today were weak markets but were he steadiest of the European < 3 2 |