Show UNSETTLEDALL DAY i t Frequent Rallies and Recessions II the Stocks FRACTIONAL GAINS ONLY WITH A FA SPHINKLING OF L LOSSES Sugar Lost Heavy By Season of Steps Taken By the Government to Qualify a a Bidder I K P The Bond Market Made a Becord New York Dec 8The stock market t ooened this morning with a tremendous sF show of animation and vigorous upward tendency gains being uniform pretty II much through the Ust I was evident I that the strength displayed by the market I mar-ket yesterday had brought orders to the commission houses to buy stocks There was also buying for London account for the first time in several days the advance in prices here apparently failing to tempt arbitrage brokers to sell Their purchases of St faul were on quite a large scale and they also bought Union Pacific but tnere were sales of Louisville and Atchi con for London account SUGAR LOST Sugar was the one exception in the strength of the market at the opening but its loss soon widened and heavy liuuidation in the stock set in offerings being very heavy and active support being be-ing of no avail to recover its losses Yesterdays Yes-terdays rumor of an extra dividend was thoroughly discredited this morning and yesteraays gain was consequently com pletelv wiped out before the announcement announce-ment of the regular dlvidenu The stock was very feverish all day and fluctuated widely and frequently but worked con l stantir towards a lower level and closed near the lowest at a net loss of 4 Total sales were 120000 shares MARKET UNSETTLED Consolidated Gas was also a mark for the reactionists and dropped at one time 4t ½ points The consequence was that the market was kept unsettled all day When the general advance came to a Eton dullness intervened and there were frequent rallies Early in the final hour prices of many stocks were at the best but the final drop In Sugar again weakened weak-ened prices all around and left gains confined con-fined to tractions in almost all cases and l a fair sprinkling of losses all through the lst Union Pacific was heavy on account ac-count of the steps taken by the government govern-ment to qualify as a bidder at the Kunsas Pacific sale rev BOND uARKET ACTIVE The activity displayed by the bond market was quite remarkable for the first hour approaching one and three i quarters million dollars in par value and It is said breaking the record for one bours business There was some decrease de-crease In activity later in the day but the prices of a number of bonds of the midale grade moved up from one to several points Some of the high grade bonds showed I heavy gains Total sales 4250000 Old 4 s registered declined and old 4 s coupon i bid but the 5s rose bid the new 4s coupon sold at 129 which is higher than ever before MONEY MARKET I Money on call easy at lVi2 per centI last loan 2 closed l 12 per cent Prime mercantile paper 34 per cent Sterling exchange weak with actual business in I bankers bills at 4S51i4S5vg for demand and at 4821AMS254 for sixty days Posted j rates 4S3V 4S4 and 45GVL 4S7 Commercial I Commer-cial bills 4J > 2Vi Silver certificates 59iiGQV Bar silver V94 Mexican dollars 46 Gy I Government bonds firm State bonds dull Railroad bonds strong I SALES OF STOCKS Total sales of stocks today 43530 in cuding Atchison preferred 12 > C B Q 2670 L N J60 Manhattan 7435 Missouri Pacific 1356 11 K T preferred 4250 N J Central 5255 Northern Pacific 36S2 Northern Pacific preferred 150G6 Northwest Terminal 3000 Rock Island 17015 St Louis S 1 second preferred 3220 St Paul 34250 Southern Railway preferred 10250 Union Pacific 5375 Wabash preferred 3376 American Tobacco 15200 Bay State Gas Slid Peoples Gas 13230 Laclede Gas U830 Sugar 110300 Y r BOND QUOTATIONS t S n 4s rl2SN Y C Li119 U S n 45 c12SN J C as 112 = 4 U S 4s rsg1l2 Nor Pac is119 C S 4b coup114 Nor Pac 3s 61 U S 2s D9 Nor Pac 4s 84 F S 3s gIH N W Cs121 1 S 5s coup 114s Northw con 144V4 Can South 2s106V Debenture 5sm D l G lslOSii Ore Nay is116 D R G 4s 9 Ore Nav 4s 93 H As T C 5sll2ViO S L 6s t r23iA H T C CS103 10 S L 5s t 1 99 K P C t 1 SO Ore Imp Is t r101 K P 1st Den Ore Imp 5s t r 4394 Dlv t r12 Reading 4s 8 1 La n c4s100 R G Wsls 8 L N U 4s S7 ½ U P Is 102 M KT2s Glk U P DG 1 52 M K T 4s S7 I STOCK QUOTATIONS Atchison 13 Rock Island 91 Preferred 301 St Paul 95 B 0 121Vi Preferred 142 Can Pacific SO Southern Pac 20 dies Ohio 22s Texas r Pac 12 Chic Alton101 Union Pacific 254 C B Q 98U P D G SI Del Hudsonl0Sy Wabash 7 D L S W15 i Preferred 184 n R G 11V Adams Bxpress155 Preferred 40 Amn Express 115 Ft Warn 169U S Express 40 Gt Nor pfd130 WellsFargo Ex112 Ills Central i034Cplo F 1 22 4 Lake Shore 174 I Preferred 70F Mich Central 1034 Gen Electric 33 4 F Mo Pacific 34 Lead 35 1 SI K T 15 Preferrad 104 Preferred 1Y Ore Imp Co 16 N J Central S4 Pullman Pal 173 1 Y Central107Vt Silver Certs 591 Northwestern 13 Standard Rope d Nor Pacific 2 Twine 4V Preferred 57tfj Sugar 140 Ore H t Nay 37U Preferred 101 I O S L IS R G W 14 Pitlsburg 1G73 Preferred 56 Reading 214 NEW YORK MINING STOCKS Chollar 3 Onario 250 25 Crown Point10 Ophir GO Con Cal V 110 Plymouth 6 Deadwood 90 Quicksilvsr 100 Gould Curry 3T Preferred 900 Hale Norcross 120 Sierra Nevada 90 Homestake 30CO Standard 4 Iron Silver 3 Union Con 15 Mexican 20 Yellow Jacket 30 SAN FRANCISCO MINING STOCKS san Francisco Dee SThe official closing quotations for mining stocks today to-day were as follows Ala S 03 Julia Dl Alpha Con OS Justice 50 Andes I Kentuck Con 03 Belcher18 Mexican 2s Best Belcher 5 Occidental Coil 130 Bullion iSOplnr C3 I Cale mia IS Overman 06 Challenge Con 2 PotosI 13 Chollar Savage Cholar Saag 23 2 Confidence 75 Sierra Nevada 45 Con Cal Vu 130Sliver Hill OT Con Imperial 01 Union Con itt it-t Con NBW York < JljT7tah Con OS Crown I C rit U Yellow Jacket 25 Gould Curry 43Standard l 2 Hale Norcross 1301 15 Dividends on Sugar Stock Xew York Dec She directors of the I American Sugar Refining companv have 1 declared the regular dividends on the common and preferred stocks at the rate of 3 ner cant on the common and 1 on the preferred stock t Coffee and Sugar New York Dec S Coffee Options closed steady at unchanged prices to 5 j points net decline December 580S5Sj j I March C00603 Spot Coffee Rio firm No I CoreaRio frm 7 invoic 61 I No 7 jobbinc 7 mild Cordova quiet S6 Sugar Raw strong fair refining 3 centrifugal SStest 3 i 1516 refined firm Stock Exchange Certificates New York Dec SThe governors of the stQck exchange today authorIze the list ing of the following certificates Northern i Pacific Railroad company S18M000 ad j ditional prior lien railway and land grant 4 jjr cent gold coupon bonds Cantral Pacific Railway company 004000 arid 5 per pnt mortgage gold bonds fl > ar-id Jaolders recment Unlistai securitma J I Hawaiian Commercial Sugar company 10000000 capital stock 100000 shares 10 each gn which 23 per share has been pad in cash BEITISH FACES New York Support of Americans Indian Effect on Silver New York Dec SThe Evening Posts London financial cablegram The markets were today inactive but cheerful the features being the buoyancy of Americans and Argentines In the former case the tons was entirely due to New York support There was a good feeling here but little action So apathetic are dealers that Secretary Gages currency cur-rency plans had little effect Of course it It felt that if this scheme for an issue of 200 per cent bonds repayable principal I and Interest in gold coin Is carried through a great stride will be made > ward currency reform Prices clossd at the best Southern Railway preferred was especially es-pecially good Grand Trunks were booming boom-ing i and all descriptions of Canadian securities se-curities including Hudson Bay shares wen good Argentines were bought from influential quarters It was urged that with the resumption of full interest the bonds are cheap Apropos of the rise in Argentines I just learn privately that a mesting of what is known as the Roth child committee has been called for Friday Fri-day It Is believed that some statement is I coming relative to the payment of arrears ar-rears of interest Mines were dull Silver was flat on the announcement that the Indian government govern-ment will offer 40 lakhs of bills when only ten was expected The Paris markets were firm the Berlin market irregular CHICAGO GRAIN REVIEW WTieat Advanced I Nothing Doing I Corn Provisions Weak Chicago Dec 8A firm tone was observable ob-servable in wheat at tho opening and It improved as the session progressed The chisf Incentive to buy came from the further fur-ther decrease In the deliveries in the northwest and though other bullish news came in during the day this proved the main sustaining factor throughout For the first time short In December showed real anxiety December opened at 99c or c above yesterdays close A little selling by the bull clique sufficed to put the price back to SSc but an hour later an attempt to buy a low lots put the price to 31 very quickly The interest in the op ton did not then die out as it did yesterday yester-day More buying orders came in after alight a-light reaction which put the price to St 101 Again the bull crowd let go but for the rest of the day December showed an affection for the dollar mark There was good action In the May price also due party to the bidding up of December party due to bull influences Chicago receipts re-ceipts were 256 cars compared with 27 cars last year but there arc extraordinary inducements being offered to bring wheat here if It comes up to the high requirements require-ments of the Chicago contract quality Atlantic clearances of wheat and flour were equal to 604000 bushels During the last hours trading May sold off to 90 con c-on realizing and closed at909Oc December De-cember closed at 5100 Corn was utterly indifferent to the advance ad-vance in wheat and barely managed to hold its own Outside of a little trading in May early In the day there was almost al-most nothing doing Oats though quiet wers firmly held by the strength of wheat Provisions were weak from the start Hog receipts were much larger than expected ex-pected and heavy selling by packers helped to further weaken the market January pork closed Vc lower January lard 5c lower and January ribs 7c lower lowerTe leading futures ranged a follows WHEATNO 2 I Open I High I Low I Close Dec 99 1101 9S14 I100 Jan 9 914 j9SI 1100 May 59S90 91 89S9d0 ½ 1 0 CORNNo2 I Open I High l Low I Close 1gh Dec 125 254251 25 May 2S2SiI284 2S I 28 OATSNX 4J I Open I HIgh I Low I Close Dec 21I 21Y l21i 2121 May E J22Ji I22i 221g J MESS PORK Per Bbl Openl High I Low I Close Dec I 730 732 ½ I 730 I 732V Jan 825 732Y730 I 822 May S47 S50 I S42 S45 LARD Per 10 Lbs I Open I High I LowJClose I Dec 1415 I Jan I 425 f 425 I 425 425 May 440 442 ½ I 440 I 4421 SHORT RIBSPer oLb I Open I High I Low I Close Dec 1 4il4j I 417 I 417 I 417y Jan 1 1 417 l I 420 I 4l1 I 417 May 432 ½ I 432 I 427 1 430 Cash quotations were as follows Flour Steadier Wheat No 2 spring SS93 No3 spring Sl93 No 2 red lOO lOOli sprng Corn No 2 25S > 2594 OatsNo 2 2122 < No2 white f o b 2H No3 white f o b 23li23 Kye No 2 46 Flax SeedNo L 10 131 Timothy Ssed Prime 2C3 Mess PorkPer bbl 735740 Lard Per 100 lbs 425427 1 Short RibsSides loose 415450 Shoulders Dry salted boxed 445 Short Clear Sides boxed 145460 Whisky Distillers finished goods VhiskyDistlers fnished per gallon 119 SugarCut loaf 589 granulated 526 I San Francisco Wheat San Francisco Dec S Wheat easier December 143 4 May 137 II I I Chicago Live Stock Chicago Dec 8CattleSales of common com-mon dressed beef steers were at 35037i and really good shipping cattle at 425J 450 Choice beeves sold around 475 4251 fancy Xmas cattle were nominal around 510Q540 The bulk of the sales today were much below 475 Very choice calves went over 625 HogsSales were largely at 3303940 coarse heavy packers selling at 315 325 and prime shipping lots at 340345 Pigs sold mostly at 315340 Sheep Sheep were saleable at 275S35 for inferior to common 375450 for fair to choice and 160JZ4G5 for prime Hocks rams selling at 275375 Western fed I sheep sold in large numbers at 375450 Lambs sold freely at 390450 for culls up to 5GOJT565 for choice to extra lots I Some feeding lambs brought 5 Receipts Cattle 17000 Hogs 52000 I Sheep 15000 Kansas City Live Stock I Kansas City Dec 8 Cattle Receipts f 9000 weak to lOc lower Texas steers 30C U455 Texas cows 240300 native steers I 3554S5 native cows and hifers 150SB 425 stockers and feeders 27543fl bulls 150350 HogsReceipts 17000 head steady to 2VC lower Bulk of sales 325S332 heavies I heav-ies 325335 packers 327 335 mixed 32233o lights 320330 Yorkers 37 330 pigs > 300325 SheepReceipts 3000 head weak Lambs 400565 muttons 350 405 t I j Omaha Live Stock Omaha Dec S Cattle Receipts 3000 I head 1015c lower Native beef steers S g3SO < western steers W130 i Texas btsers 300ff3GO cows an fers 290 I 3SOicanners 200JT2SO sto rs and feeders I feed-ers 3509440 culls stab eaJ2CpS360 i IrogsRecell S5 head 53IOc lower Heavies 31O31355 mixed 5110c light i 3S1330 bulk of sales 315J lght i SheepReceipts 3500 head slow Fair to choice natives 3W4CO fair to choice i I westerns SoOg SO common and stock sheep 300400 lambs 400 550 I EOSTOE WOOL MARTI Market Has Not Been So Lifeless I For STonths Boston Dec SThe American Wool and I Cotton Reporter will say of the wool I market I I On the whole the market has not been so lifeless for months I Is generally admitted I ad-mitted however that the mills are grind I Ing up the raw material very fast All I things considered the actual amount must be pretty nearly if not quite at the I rate of 600000000 pounds per year Such a showing affords great encouragement I to tho wool trade and the predictions are I still rife that prices will not long hence I be fully on a level with those of Oct 1 Ilt is Increasingly difficult to speak of ac oJ I tual prices in this market the quotations I are unchanged and while an intensely I Jhle al intense dull market always raises the presump ton of concessions i would be difficult to put ones finger on actual markdowns at this time As a matter of fact thera are hardly buyers Enough around tobreak the market There has been a big falling off in the sale of Australian owing falnl rct that while there are a number of I ersons who would be glad to pick up I round amounts the holders are not anxious anx-ious to sell at the prices previously quoted The sales of the week in Boston amount to 1960000 pounds domestic and 700000 pounds foreign making a total of 2660000 against week a total of 4552000 for the previous e = |