Show 1 ITS USUAL SATURDAY Traders on Wall Street Close Up Their Contracts I I REVIEW OF THE WEEK EXHIBITING THE MANIPULA IONS OP THE MARKET Weeks Net Gains Beduced Anticipated Antici-pated Court Decision On Maximum Freight CaseSugar the Center of Strength YesterdayCheap Money Strength of Bonds New York Dec 11 Todays stock I market reflected the tendency of professional pro-fessional traders to close up contracts at the end of a week rather than keep them open over Sunday and also a natural reaction towards a higher level after yesterdays relapse in prices There was some bear pressure against I prices at the opening Manhattan being driver down 1 and Sugar yielding a point after a small gain But this failed I fail-ed to induce any large selling and so it became apparent that yesterdays liquidation had run its course for the present The bull contingent was prepared II pre-pared to offer rigorous support on weak stocks and large buying orders for the account CENTER OF STRENGTH Sugar was the center of the markets strength and the firm resistance of prices drove the bears to cover There I Was a noticeable sluggishness of price I movement in some of the most promi Ktnt shares in the market Sugar was I quite buoyant and rose to within about 2 points of the highest of the week closing with a net gain of 111 Its range for the day was 3 points FREIGHT RATE CASE Besides the technical causes for the rise the market was aided by the recurring re-curring possibility that a decision maybe I may-be handed down by the supreme court on Monday in the Nebraska maximum I I freight rate case Wall street traders ill railroad securities maintain an abid irg faith that when this decision does I coma it will be in favor of the railroads rail-roads and the fact that Monday is decision de-cision day with the supreme court has made Saturday a day of timidity with the shorts ever since the decision has been pending with the court in session ses-sion Assertions were also given consideration consid-eration that there is a growing possibility possi-bility of favorable action by congress on bills to authorize pooling and against ticket scalping and this added to the strength of the railroads Northern North-ern Pacilic preferred enjoyed the benefit bene-fit of the first dividend declared yesterday yes-terday by the directors since the reorganization re-organization of the company and of the favorable statement of earnings given out at the same time BANK STATEMENT The slight recessions from the best at the close were probably induced by the bank statement The large shrinkage shrink-age in the surplus is due not alone to the raising of the legal reserve limit by the heavy increase in deposits but by an actual decrease in cash of 1012700 The items of loans and deposits with the large increase shown are affected by the further payments on account of the Union Pacific sale There has been a movement of currency to St Louis and New Orleans during the week which probably accounts for the decrease in cash The price of the U S new 4s was bid up per cent and of the old 4s registered t registeredNE NET GAINS REDUCED The weeks net gains have been reduced re-duced as was the case last week by the profittaking of professional operators opera-tors on Friday The manipulation of a the market by the large interest which has embarked upon a bull campaign was very obvious during the week and strenuous efforts were made to keep the course of prices upward by vigorous vigor-ous support at weak points and by inciting sharp rises in individual stocks to sustain the general list Some of the reports set afloat to effect this latter purpose contradicted themselves in the course of the week and nothing could then prevent a decline in the price of the particular stock with a consequent unsettling effect on the market Thus Sugar was pushed up to 145 > on reports re-ports that an extra dividend on the I stock was certainly forthcoming and the declaration of only the regular div ident drove the price down below 140 U P WEAKNESS Union Pacific was persistently weak on account of the presidents order that the government should qualify as a bidder at the Kansas Pacific sale and the subsequent request for a postponement l postpone-ment of the sale The weeks returns of railroad earnings earn-ings have made a remarkably favorable showing Railroads in the south and southwest have shown especially heavy increases and their stocks have shown the largest gains in price CHEAP MONEY Money has continued cheap and is easily obtainable and there have been offerings of Chicago money on time loans in this market Notwithstanding the ease of the local money rates and in spite of a sharp stiffening of discount dis-count rates in London and Berlin the foreign exchange market has shown increasing weakness Actual rates for sterling exchange have fallen 34c during dur-ing the week due to the offerings of bills against grain and cotton and to an abatement of the investment demand de-mand for long sterling Chicago credits are reported to be loaned in Berlin at 4 per cent to the extent of several million dollars The abundance of grain lulls which has served to weaken exchange ex-change is said to be due to the operations opera-tions of the bull clique in pushing ex sports of wheat STRENCTH OF BONDS f The strength and activity of the bond market during the week has been even snore remarkable than in the stock market High grade bonds have been thoroughly thor-oughly gone over and lifted almost to prohibitive prices the government bonds rising with the others The demand de-mand has shifted to middle grade bonds which have shown material advances ad-vances Speculative issues have also moved in some power stocks but are 1 higher on the weak U S new 4s have > been > bid up during the week the I old 4s registered the 3s and the old 4s coupon lI I MONEY MARKET Money on call nominally 12 percent per-cent prime mercantile paper 34 percent per-cent Sterling exchange steady with actual ac-tual business in bankers bills at 485 4S51h for demand and at 4S24S2 for 60 days posted rates 4S31S4 and at 4864S7 commercial bills 481n Silver certificates for 10000 ounces t 5Sc bar silver 58c Mexican dollars dol-lars 46JC i State bonds dull railroad bonds strong Government bonds strong U S new I 4s registered and coupon 129 4s 11254 4s coupon 114 2nds 98 5X registered and coupon 114 Pacific Gs 0 of 9 102 102SALES SALES OF STOCKS Total sales of stocks 126900 shares including C B Q 5504 L N 3735 Manhattan Man-hattan 5740 Missouri Pacific 516S New Jersey Central 4970 Northern jeWJjjjjj4j0jjj Pacific 5265 Northern Pacific preferred pre-ferred 10100 St Paul 5771 Southern 4420 Chicago Gas 4710 Peoples Gas 3096 Sugar 36270 BOND QUOTATIONS TT S new 4s regl23j K T 4s S6 U Ss erii rCfsl29R Y C lsts119 coup 129 N J 5s112 U S 4s 112 N P 1st5119 U S 4s coup 1l4TN P 3s 00 U S 2s 39 N P 4s H16 U S 5s regH4Nor W Gs122 U S 5s cou 114Nvest cons 144it Can So 2ndsi10G < Nwest debs 5sllG D H G IstslOSV Nay 1st5116 D R G 4s JOiO Kay 4s 93 HTCls1i2 OSLGstrU3l H T C con 10 S L 5s t r 9St Cs 105 IO Imp bits t 110116 K P con k r SSJAjo Imp 5s t r 42 1C P 1st Den 85YIgcillRg 5is S34 vcr div t rH2 R G W Ists S3V I La new cons 4S101 iU P Istsl021 L N U 4s S7WU P D G M K T 2nds GWs Ists t 51 STOCK QUOTATIONS II Atchison u 121sRoc Island 00 Preferred 29JSt Paul 91 Bal Ohio 1S > 41 Preferred 142 j Can Pac 03tS Pacific 20th I Ches Ohio 22yTex > Pac IHi Chi AlCoa J102 Union Pacific 24k CBQ 98 UPDG 7Ji I Del Hudson iiTVabash 7J4 I D L W15W Preferred lSt D R G 11 Adams Ex 15G Preferred 45 American Ex115 I Fort Yavne170 United States 40 Gt N pfd 130 AVelte Fargo1l2 Illinois Cent10l Cola F S i 23 Lake 8horel3 Preferred 70 HIo Pacific15 Gen Electric 33 M K T 13 Lead 21 Preferred 26 Preferred 305 N J Central S4 Ore Imp Co 13 N Y Central107 Pullman Pal172 Nor West 13 Silver Cert 5b4 N Pacific 20 Standard II Preferred 5Sy T 4 O R N 30 Sugar i 142 iJ O S L 19W Preferred 114 Pittsburg los iR G W 22 jR Reading 21 i Preferred 5SIf NEW YORK MINING STOCKS Chollar 35Ontario 250 Crown Point Opnir 55 2 ognPV 53 C C Va 1 20 Plymouth I 3 Deadwood Quicksilver 1 00 Gould Curry 371 Preferred 9 00 Hale Norcross 1 20Sierra Nevada 45 Homestake SO 00 Standard 1 M Iron Silver Union Con 21 I Mexican 34iYellow Jacket 30 SAN FRANCISCO STOCKS San Francisco Dec nThe official closing Quotations for mining stocks today to-day were as follows Alta 4Justlce SS Alpha Con 9fKentucky Con 4 Andes 17Mexican 25 Belcher ISOccidental Con 120 Best Belcher 57iOphtr 02 Bullion S Overman 6 Caledonia Potosl 41 ffeog i hallenge on 28 Savage 25 Chollar 37Sierra Nevada 52 Confidence 90 Silver Hill 2 C C Va 301Union Con 2G Con Imperial llUtah Con 5 Crown Point 29 Yellow Jacket 33 Gould Curry Standard 1 55 Hale Norcross 1 351 BRITISH STOCKS JYTASKET Better Tone PrevailedCopper Shares Steadier New York Dec nThe Evening posts London financial cablegram The stock markets here Were rather better in tone owing to the smoothness I in carrying over contagoes that had been expected It is anticipated that the general sentiment next week will show a small account but money will be dearer Americans were deareron I realizations here in anticipation of 3the settlement Copper shares were dull but steadier CHICAGO WHEAT Peeling XTervous December Grains at the Close Chicago Dec nThe speculative trade in wheat was light but the feeling feel-ing continues nervous The December clique was thought to have picked up most of the offerings enough possibly to replace the amount sold yesterday at much higher prices to check the I j advance which had been started on the action of the shorts The movement I of wheat which is under way for this market tended to relieve to some extent ex-tent the apprehension of the shorts and there was less urgency in the demand I de-mand from that interest It was currently cur-rently reported that wheat was coming I in good volume from Minneapolis and 300000 bushels of Duluth No1 northern north-ern on the way to Buffalo had been stopped by telegraph orders and turned back to Chicago where the price would net the owners 5c per bushel profit It is known that there are large I amounts of wheat elsewhere only waiting for the price here to reach a I figure which will warrant putting it on the cars for Chicago and the bears hope to see it come in on the floor so as to seriously embarrass the clique to take care of it It was the belief I that such was the case which encouraged encour-aged the short selling Mr Leiter is I credited with the statement that however how-ever much wheat the clique would get I it would be promptly shipped but the bears looked upon this as a bluff In December very little was done but I any offer to sell depressed the price Ic a bushel and a bid for 1000 bushels I was sufficient to correspondingly advance I ad-vance it While December in the end showed a gain of Ic for the day January I Jan-uary showed lc loss I Corn opened easy at a decline for May and December but later May rd t covered and closed at yesterdays figures fig-ures December closed lk liJic lower Oats were dull within a narrow I range May closing 7 C lower Provisions were firm and trading good May pork rose lOc May lard and II ribs each advancing 272C at the close The leading futures ranged as follows WHEAT = No 2 I I OpOn I High I Low I Close Dec 1101 105 103 104 Jan 05 95 93Y 93 May 1 01 91 91 91 4 CORNN 2 I Open I High I LoW I CloseD Close-D ec 25 25clicTi3i l 8 1 > 8 Jan 25 1 25 35 25 May 2S 2S 25 IS OATSNo I Open I High I Low I Close Dec 22 22 22 22 May 1 22 22 22 122 MESS PORKPer Bbl I Open IHighLowClose I I Dec 740 I = 735 Jan S2 I 825 82216 825 I May S60 I6p I i71f 857 LARDPer 100 Lbs I L2penJ I J HIgh J Low Close Dec 425 Jan 43216 437 j 43216 435 May 450 I 455 4EO 1 402 = SHORT RIBSPer 100 LbS I Open I HlghJLow I j Close Dec i 422 Jan 422 I 42 I 42216 425 May 432 I 437 i 4326 435 Cash quotations were as follows Flour Steady hard patents 440ff4iSO softs 4404CO soft bakers 34033GO winter I win-ter straights 4EOfi470 WheatSpring No 2 SSS9 4 No3 spring S2i6 No2 red L0210L CornNo 2 226 < 4 OatsNo 2 22k No 2 white 2222 No 3 I white 231h < g4 Rye No 2 4Gli BarleyNo 2 2S2S Flax SeedNo1 11211G Timothy Prime seed 262 Mess Pork Per barrel 740K745 LardPer 100 pounds 4o3fr440 Short Ribs Sides loose l2ei450 ShouldersDry 1 salted boxed 400pH25 Short Clear Sides Boxed 44opi < Whisky Distillers 1 finished goods per gallon 119 SugarUnchanged t Coffee and Sugar > New Torl Dec 11 Coffee Optipns i closed dull net unchanged to 5 points kwer Sales 8000 bags incl1 ing December De-cember 5S5a90 March GOO Spot Coffee Steady No 7 invoice 6 No 7 fobbing 7i mild market quiet cordova S0215 SugarRaw firm fair refining 2 centrifugal JIB test 3 5lp refined strong mould A 514 standard A > 4 confectioners A 4 cut loaf 5 crushed 5 powdered 5 granulated granu-lated 5 116 cubes 5 1316 Kansas City Live Stock Kansas City Dec 11 Cattle Receipts Re-ceipts 1000 Market unchanged Only retail trade HogsReceipts 9000 Market steady to a shade lower Bulk of sales 3220 330 heavies 320332 packers 3220 > 335 mixed 315335 lights 320330 yorkers 325330 pigs 300320 No sheep Omaha Live Stock Omaha Dec 11 Cattle Receipts 1 100 Market steady Native beef steers 3GO460 westerns 325405 Texas steers 3003GO cows and heifers 290 380 canners 2002SO tockers and feeders 350425 calves 400575 bulls and stags 225350 Hogs Receipts 5700 Market stronger Heavy 305320 mixed 310 315 light 325335 bulk of sales 310320 Sheep Receipts SOO Market 5c higher Fair to choice natives 3750 160 fair to choice westerns 3GO150 common and stock sheep 300400 lambs 400550 Chicago Live Stock Chicago Dec 11 Cattle were in light demand and the week closed with an unusually dull market except for a few Christmas cattle Christmas cattle 525550 extra steers 500520 medium 410425 fair to prime feeders feed-ers 375425 common to good stOck ers 300370 cows and heifers 3750 420 canners 175240 HogsFair to choice 327335 heavy 310327Vi common to choice 325337J4 pigs 290335 culls 1O0j 300Sheep Sheep Lambs 400175 sheep 300 0460 yearlings 450180 Receipts Hogs 22OQO cattle 400 sheep 1500 |