Show DULL DRAGGING STOCK MARKH No Severe Pressure and Fri Fridays Fridays Fridays days Advance in Prices Was Held to the End SLIGHT STRAIN APPARENT LARGE MONEY REQUIREMENTS FOR JANUARY New York TorK Dec 21 There was a dull and dragging d market for stocks today as has come to be the rule ruse of or Saturday since the rule went into force lorce to post postpone postpone postpone pone the publication of the bank state statement statement ment merit until after the close of the stock exchange The good Impression from yesterdays yesterdaY advance In prices remained and there was no severe pressure pre ure on the market Loans made on Friday carry carryover carryover carryover over until Monday so 80 that there is no direct pressure on borrowers on Satur Saturday Saturday Saturday day There was little disposition how however however however ever to make extensive commitments on the long side in the race face of the year yearend yearend yearend end settlements in the money market The routine operations are large in themselves and anxiety is felt over the continued apathy of ot the demand for tor f mercantile paper The Impaired position position position tion of the banks with the still exist existing existIng existing ing deficit in the le legal al reserve require requirements requirements ments and the large volume v lume of out outstanding outstanding outstanding standing clearing Douse certificates add to the delicacy of ot the situation Be Besides Besides Besides sides these considerations there are some large special requirements to be met including payments on Jan 1 for large largo instalments of subscriptions for Northern Pacific and New York New NewHaven NewHaven NewHaven Haven Hartford new stock In the longer prospect are recurring maturi maturities maturities ties of the large issues of short terminals als which were issued on a large scale luring during the past year by many railroad and Industrial corporations The substantial repair in the bank banking bankIng banking ing position revealed by the weekly bank statement was viewed with solid satisfaction The generous increase In Inthe Inthe inthe the cash holdings was waa larger than fore tor foreshadowed shadowed by the known movements of money and the calling down of loans proved large Liquidation in the stock market has played its part in this show showIng showIng showing Ing of this item and the return of ad advances advances advances vances made to the trust companies during the period of strain has af at affected both the loan and cash Items Item The condition of the government finances is attracting increasing atten attention attention attention tion Owing to the heavy decline in inthe Inthe inthe the revenues during the two months past there Is growing expectation of a call lall on the banks for a return of a por portion portion portion tion of or the government deposits held by the banks There was some profit taking in the late stock market and the closing tone was irregular Bonds B were steady Total sales par value United States bonds were unchanged on call during the late week |