Show UNION I SLED lED THE MARKET Excited Buying Sent the Price 34 t RISE IN STEEL AND COPPER 4 j i w HIGH RECORD FOR NORTH NORTE 1 ERN SECURITIES t York Jan 3 sudden revival of In Union Pacific which the tho late stock market yesterday wa Continued today the price ot of the he stock to 11 Northern Securities 11 the curb WOnt went to a new high reCOrd In There Thoro were floods or of rumors ot cC plans pi for tor readjustment or of thO railroad growing out or of the ot of the Northern Securities but the th only actual news flOWS WaS tie the tip circulated from Cram up town la the Quarters that Union Pacific was to kuch toda today There was a strong movement in Southern 1 Pa a and St Paul There Thre was large bu buy lug illS or of United StAtes Steel d and Copper also E where in the list the strength was u and AmI there therl was some pressure ure realize on the advance was es clany manifest the app appearance arance or of h very strong hank bank statement Not oUI was the Jarge Inflow or of currency from the Interior for the week k reflected 1 hi fn the statement but also that of last We rek which failed to show In last weeks week s st owing to local shifting of cash hol 8 As a consequence this titis weeks sta shows a growth ot over oyer 15 15 In cash ash holdings There Therl was at th same time a contraction of t loan hoar account The net result was to up th the surplus over I legal al reserve by This coming on the extremely cas easy rno is like likely to enhance the thed old to h is S ason t to d remittances to Cuba b for the final I 8 on final tb the i Lf Cuban uban loan loun which ma may call for upwards ot of Excited buying of enlon Pacific pulled up Its related tocks stocks to the theS tp level toward the end or of the S but realizing at other points made madl th the k Irregular and very active Total sales of oC bonds today par value Review of the Week Stocks have baked und and nn we week k ou on it a smalL mall volume of oC dealings which hits hns little more than the tentative operators of oC professional to rind this the COur e of the market There has hus bt been en no rent pow power r In the m market owing to t od by pow powerful trading Interests nd the e Much discussion of thc causes oi of the slack of Interest In the market has felled failed to bring bout about any alt general ner l a agreement ment but a num ber of contributory causes have been corn com d The ss or of s sentiment to the settlement or of the legislative at Washington merges with tolerable dearness clearness Thus pric prices adv with some decision on Monday morning when It waa generally I reported that thE Saturday conferences of oC polities political leaders had resulted In nit an ft agree rt that It would pot not be Practicable to any Prominent new measures 2 z the prett present nt session of congress On the other hand th the mOst moat distinct t decline ot the week ak on Thursday when then tit rs were with with thE report that the had to prea Jre fl for mr a action Uon on a for the fixing of ci rates h by fed r I 1 authority The dis tret s Its of f settlement ment on th rits tf or the proposed rom the on Securities which lId he be subject to special influences by langes in tariff S h the or of discussion upon those the In busi r s 8 which JO go with changes change In rates of I are expeCted to beget hesitation r a time Another feature of out ok k which caus causes s Is 18 the I of the future of the n market to the n new w v t hieb are believed to be 00 In h volume t The fundIn ot of the large of oC short R tes math w It be the railroads ht hist t tf f car ar during the Period of indIgestion of nC Is to be provided for These se will m not provide n new w capital 11 pita I to th lb as the proceeds o cf the not have been mostly expended x rd a additional t RUC are looked to Th lucy condition or of th the money moOty markst seems to for the coming But Are At work whIch h may modify thy th usual accumulation of If ankh re FrT In New York lri in the first part or of th year Outgo of Gold There ha limit II ii the ihs flo or of guM from ew York rork wh which h Is I in fl Pro MU toward Paris Pari South America rd nd th t It is bJ urged that nay aMY do dl rl nd for loans which would raise the theIn In nev Y rate would promptly atop tb V mW en which h are lup to t i inducements In th the o AI 1 for interest But the sentimental ft or of exports or of l is fit felt alt a is J tM the ca cne M Some Home wll ht must hf he given to the course or of rf recent events IT i the banking world at least t In fr upon n thou This run be a bank henk doing S amongst t the on I Imet I met east ri side of the rit city was M attributed b hy hyan Hn an official of th the hank bank to tA th the sensation 11 i interest attaching t to the story lory ot of Mrs Mr I 1 and d to the discussion thc practice t of r of checks check by the greet downtown which deh wg as awakened b by the Ule te mony In a law suit growing out of oC the ot of a mining stock In the curb m It he saki that tile the hian cal al work Itself is In any state of oC dis disc c over practices over the tUk tok market or the practice among banks through the countr country But the effect wh ich ha has been W produced on public 8 sea n b th the prominence e Ith gIn n to thee thes C Is rt CO recognized as detrimental to stock market The restriction of oC the i r of tbt these e factors to n leot of I lb market rather than to any active athe 4 IUn pre pressure ure Is felt It to be b due to the Irad u underlying strength or of th the general situation 8 lire are reported to be tt railroad officials In tC tr offering than can an be carried t the Of consumption of pig Iron continues to toW guw W and various enlarged disbursements t of important corporations k 1 alive the In rumors or of other to eume onie Thure its Is a wIde wIdespread spread conviction thAt the advance j certain securIties are to 1 11 Ue working out of pIs if new and ab looking to enhanced values The result Is to In Ine l e o to refrain from rom id await more light on the future Bonds have been n In better demand than lt Sta States Se e n l pr r cent nl the new advanced per cent on C 11 In th the week eek |