| Show DIFFERENT DI MAN IN WHITE rE HOUSE HOU tr F FV Wall V Street Superstitious Re Regarding Regarding Regarding garding Dec 17 Il 4 DATES SEVEN YEARS BACK BACKOR 4 OR WHEN WN CLEVELAND PULLED UD BRITISH LIONS TAIL TAI New NewYork York Dec 20 he fe stock mar market market market ket opened open open d the past w week ek with ih a threatening break brek in prices which promised a a return of the demoralized conditions of last lat week during the period of forced liquidation Tie The T e an announcement announcement announcement was made on n Monday londay of the formation of a a bankers protective protective tive pool the tile subscriptions to which amounted to This sum was to be placed at the disposal of Prest President dent ent Baker of the First Fir National bank President Stillman of the National City bank and J P Morgan as a commit committee tee and to be liable Jable for tor loans on call cn in incase Incase incase case of an emergency in the money mone market The liquidation In the the money market m was a immediately checked and some recovery ensued The effect of this measure was in some s me doubt for two days following but it I was ulti ultimately uli ultimately the cause of restoring a large degree of confidence Supplemented by other favorable factors factor the result was Wa to remove the general genera genel feeling of depression and nd to induce a rapid re recovery recovery recovery covery In the stock market market Hot a Loan Made Made This Thi ensued without a dollar dolar of the fund being drawn upon The knowledge of the existence of this re reserve reserve serve fund was wa a contingency which served to induce freer offerings of funds fundS from other sources so and to unlock some resources le that had been jealously guarded gared either from timidity or from froma a desire to take advantage of higher 1 rates which were quite Quie generally ex expected expected expected to rule before the end of the te year jear Rates for money have steadily declined during the week e six months loans being shaded to below 6 per cent and the premium on loans for shorter periods hrs has h s disappeared Upon the first frt announcement of the formation of this bankers pool there tere was some disposition to attach a sinis sinister sinister sinister ter significance to it ita as a symptom of ofa a more mort serious state of affairs in New NewYork NewYork NewYork York than had been generally expect expected ed The measure does not differ in any an kind or degree degre from those adopted at previous times of crises except that heretofore these measures were in the hands of the clearing house authorities authorities ties tes whileS while In the present Instance the management Is confined to private hands Inquiries Inquires poured poured into New NewYork NewYork NewYork York from all aU quarters as a the te call cl for such important provisions These seem to have met with wih satisfactory response and a feeling of confidence that the years end requirements requirement would be met without trouble truble Currency Receipts Large Lage Beside the strong sentimental effect of the protective the actual de developments developments of the week tended to Strengthen the conditions con f ns of the banks bank Receipts R of o currency re were large lage from the Interior and tle the drain orin by the sub treasury was as much relaxed Part of the government requirements seem to have naye been be n I other othet centers and large pension payments m at New NewYork NewYork York have hare banks One of the most reassuring factors in the theoney money oney situation has been the contin continued ned softness of the te foreign exchange market notwithstanding the easy ea y tone of p the local lo al money market This has been een partly partly due du to large arge supplies of O f I grain bills billa biS an dut it 1 t rs hoped that the theY sharp pain breaks break In e corn market will nilI i re result r sult suit In increased takings for export and an additional replenishment of the exchange market market It I is manifest that New York been able to negotiate additional loans In foreign markets as a well wen as to obtain extensions of maturing loans which has been difficult to do for some time past past Lon London London London don has been a moderate buyer of stocks In the New York Vork ork market and the proceeds of th sale abroad of the issue of Pennsylvania car trust tjust certificates have been available m ih i the exchange market maret A willingness On n the th part of the foreigners to make new investments investment in our securities which they have hav conspicuously re refrained refrained reframed framed from taking at the te high level of f prices recently recen IY prevailing rev was vas a factor in providing means to settle sette the somewhat overstrained foreign credits Wal Wall Street Superstition An almost superstitious dread at attached attached to the approach of Dec 17 the thea seventh a anniversary h of the Venezuelan pani due aUe to President message to congress on the boundary question queston The passage of o othe the anniversary on n Wed Wednesday esda with without without without r out trouble undoubtedly prompted buy buyIng buyIng buyIng Ing of stocks on oh the ithe part of those rears fears had been aroused Very large larg short lines Jnes were covered throughout the the week and this was a substantial aid to the recovery especially In some speculative favorites where wh r organized pools have directed a campaign Against ganst the shorts short Special Spec l factors have also helped some sone stocks such as a the absorption by bY the United States Steel teel corporation of the Union Steel company tie the t possible benefit to sugar ugar from the recent reciprocity r treaty the better beter conditions in hr In the copper lr trade e etc etc tc Many xu r rs of other develop developments masts ments mets have also also figured in the market The fact ac is not lost sight of that heavy syndicate and other requirements requirement re remain remain remain main to be met before the end of the year ear but feeling is much more confident conf confident dent d nt that the the emergency e erg ncy has been ade adequately adequately provided for Bond ond Qu U S ref L N J u I Do IO Me Meg Cent Cent 7 U S 1st inc 0 2 23 Do couron lO 1 M St L U IL S 1 ii reg M M T 4 98 Do 13 4 IL K K T o 8 81 U S o 0 rt reg I 1 Y Cent is Do en coupon upon 11 Generl U 11 S Ss re 1 J C gen gen Do coupon 10 or Pac Atch en or Pac 5 72 Adjustment 9 90 or Wester Western R H 8 8 con consol sol 45 10 R B O 0 3 S 9 94 lead end gen 96 t L Iron ron Y M YC C Can So O con cOnOl 3 1 C of G St t L S F 97 1 1st S t inc 74 t L S W is 13 95 C O 0 t L L S W 8 84 C A 3 s 79 San an Ant Ant Ar Am C C B Q n 9 Pass Si SiC 86 C M St P iI So Pac 4 9 general general 13 So o ny fly Ss 19 C N W V con Tx Tex Pac is 13 Tol St fit L LC LC C R H I P W 4 16 C C C St L Union Pac Par general 4 98 Cony 43 lo Chic Term 86 Wabash Cob Colo So 9 Wabash 2 10 D R B G Debenture B 74 Ere Erie lien ien 45 91 Vest Shore General 5 55 Y V L E B 91 Fort W Den Wis Cent Cent l City Lq is 10 Con Con Tob 45 6 64 Bock flock Ya Val sl Stock Quotations Atchison 8 82 T 81 St L W 21 25 Preferred 9 Preferred 45 B 0 98 8 Union Pacific 9 Preferred 31 Preferred 9 92 Can Pacific 21 Wabash i cn Can Souther i 75 41 Ches Ohl 46 W 1 1 E B 2 2354 Chic AlOn Alton 15 preferred Preferred Wis Central 24 2454 C I L 74 Preferred 5 50 Preferred 91 A am c C E B I An C C 8 G W 2414 4 U 17 S Express referred A 8 Wels Wells Preferred 1 B Amal Amal Copper C N An Arnn C C F Fc H CT c 1 T 1654 Preferred 9 90 Ama mn Un C c St 51 L L 95 1 t J t Cob Colo Southern 27 2 n S S R B 1st preferred 6 Preferred Ha r I preferred Ana na Min Co CoPl Del Pl Hudson Brook Rap Rop T TB 6 D B L L W 25 Cob Colo F I 1 ICon 79 D R H I G CS Sc Con Can Ga Gaa Gi 0 Preferred W 86 r Coat Sont Cont T ob q Jl t tEr i Er g 53 1 Preferred i i 1st preferred re 6 ss Hocking Coal ol 1854 preferred 45 Inter er I IS I Gt Nor pfd Preferred O Hock Hoc Valley Valey 9 Inter Power T M 4 Preferred 9 acied Gas 75 ills His Central 1 0 Nat at at Biscuit U Central 37 Nat Nat Lead 2554 Preferred 67 ig 6 North Nort Am lU lULko 4 Lake E W 47 7 Pacific Coast C t Preferred lS Pacific Mail al 3 Louis Luis Nash Peoples Gas Manhattan L 1 16 Pressed Pe cd S So Car tr SIM Met Met St Ry R 1 Preferred SI 51 1 M St St i L iMo Pull Pal Pal Mo Pacific 1 Steel Stel 19 11 M 31 MR K 8 T 2 25 Preferred 70 71 Preferred 55 Si Sugar 1 I N X J Central Tenn C Iron Irn 55 W WN 16 N Y Central Union B P 12 1254 i iNor Nor West i 71 r fet n 77 57 7 Preferred 91 IL 11 Si S Leafier Letier ler 12 1 I Ont Ont West 2514 8 Pennsylvania 15 U S 5 Rubber 15 io Reading Beading 6 61 Preferred 50 5 1st preferred SS 36 S U S Steel 34 3 2 preferred 7 Preferred St St L San F eSA 6 West Wet Union i 1st preferred 73 27 2 2754 preferred 68 G Preferred 93 9 St St L S W 26 K C Southern U 31 i Preferred 2 60 6 K Preferred 53 51 St Paul ITS 1 Rock ock Island 41 8 Preferred Preferred Sl S 4 1 So Pacific 63 Mex e Central 22 2 So Railway 31 l Nat Nat Hy Ry o 0 of M 31 16 Preferred 9 92 Tex Tex Pac Par Total Tot l sales |
