Show IT BAFFLES ANALYSI Wall Street the Past Week Cannot Be Described MARKET WAS BROAD ONE Any Amount of Offerings Were Absorbed Ab-sorbed This Too Without Impairing Impair-ing the Animation of the Market I or Its Underlying Strength Yes terdaytho Market Was a Speculative Specula-tive OrgieGigantic Christmas Tree on Change Decked Out With Glittering Glit-tering Ornaments SILVER Now York 4 63c San Francisco frc Condon 230ldd LEAD Isdw York exchange 5JD71 COPPER Now York brokers Silver and Drafts Now York Dec 22 Silver certificates Gi65c liar silver G3c Mexican dollars SOc San Francisco Dee 22 Silver bars We sIexican dollars 60j51c Drafts sight lOc telegraph I2ic Money and Exchange New York Dec 22 Money on call steady at t per cent Prime mercantile paper I3 < fjGVi per cent Sterling exchange nominal with actual busjnoss In bankers bills at 1S1 for do mnnd and UHf9l80 for sixty days Posted rates IM ½ and IS5A Commcr chat bills l70i0 lfcOVi New York Metals New York Dec Condltlors In the lo cal metal markets ivcro practically unchanged un-changed and almost entirely of a holiday character General sentiment howeverll had a bearish average Buyers and ncll ers Uolrtnfnploof until after the holidays Tin was qftlto and about steady on the nominal basis of S2CGO lead dull at J4371 Spelter was also dull but steady at I12 6I174c Lake copper ruled nominal lit 1700c for ako Superior and 10o for cast lug und electrolytic while domestic lion markets continue dull at the old basis of operations Pig iron warrants 050 1050 Northern foundry 15X > S1GCO Southern foundry llG0jrl57o and soft Sotflicrn 13003 575 San Francisco Mining Stocks San Francisco Dec 22Tho official closing quotations for mining stocks to day were as follows Alta 5 01 Alpha Con 501 Andes OTKontucJc 01 Belcher Mexican 29 I Best B 230ccl Con OJ I Bullion 02Qphlr CO Caledonia Overman 00 dial Con 14 Potosl 12 Chollar 13 Savarro 11 Confidence IMSes Uclcher 02 C C Vn 11SS Nevada 21 Con imp oi Silver Hill 1C Crowif Pt 10 Standard 3M I I Gould C J2 Union Con ia Halo N 17 Utah Con OT Justlco Yellow Jacket 1C NEW YORK MINING STOCKS Am S t R H75 Adams Con 4 20 preferred 11Glzl Little Chief 15 Allco W Ontario GOO grceco 200 Ophlr Ki Brunswick 11 Phoenix 10 Corns Tunnel 01 Potosi 10 CCVa 130 Savage 10 Deadwood T 05 S Nevada 20 Horn Sliver llO Small Hopes 15 I Iron Silver 05 Standard 230 Leadvllle Con w BOSTON MINING STOCKS Adventure 1030 Alloucz 250 Anial Cop 0300 Osccola 7330 Atlantic 2700 Pairot 1000 B Mon 32100 Quincy 17100 Butlo B S2CO S f FO Copper o25 Cal H SMffSSOOO Tamarack 3C900 Centennial 2150 Wlnona 412 Franklin 1500 Wolverines 457tT Uumboldt 0000 Utah TRIBUNE SPECIAL Boston Mass Dcc 22Copper shares Dave as a rule been very strong and In dications aro that stocks arc beIng ac cumulated for the muchanticipated ad vance which is now set by the knowing ones for some time after the now year but In January Tamarack was the fea ture among lllo coppers advancing 17 to Th and closing at J2s Cochin was very active on pool buying advancing 1 lo 5111216 Much bull talk Is being Indulged in on this stock Boston stock exchange closed until Wednesday morning Horn blower Weeks brokers 63 Stale street Boston furnish iho following quotations Sales High Low Close Amalgamated lKW 325 J92C21A 9325 Blngham XX 15CO 7 Cochltl 13100 11121 l550 1112 Cen Eureka 10 2500 Utah b50 KJ75 33GO 3375 United States 400 1000 9S7 1000 Curl Boston 300SMOO Navaho 375I 400 Grain and Provisions Chicago Dec 22 Preceding three days suponslon of business the session In the wheat pit was extremely dull The Inclination In-clination of traders to Keep out of the market over the holidays was not affected affect-ed by the news which was colorless Liverpool was inactive and prices practically prac-tically unchanged Northwest receipts were liberal Minneapolis confirmed ro ports of a heavy Hour business for export ex-port yesterday and miller wcro said to be buying wheat Argentine news was conflicting May opened Glc lower at 72c sold between 72ifiJ72e J and 73fcc and closed unchanged at 71Wl3e Freer country oltorlngs and accumulat ing receipts had depressing effect on corn Phillips selling of May and January was tho feature May held fairly steady and January and December were weak throughout May sold between 35WjCCc and closed c lower at SSic December closed lo lower ut 7c January closed He lower at 35T4c Oats were dull and neglected Provisions woro dull but steady on lighter hog receipts than expected January Jan-uary pork and ribs closed uncnanged lard 2JAc lower RANGE OP Tins LEADING FUTURES Articles i Open Ulgh Low Close Wheat No 2 December G03i 7016 < Wi 70Vf January 70ft 70U TOVa Oy May 72 73 72fc 72 Corn No 2 December 3S 3SW 37U 27 January 3C 3C 255 l May 35 i23 Ci 35 Oats No 2 December 21 21 21 2lYj January > t 21 Muy i > 23tf 23 i 23 23 Mess Pork January t1222yi 3222 1217J4 1220 May 1212 1215 1212k 1216 Lard December W 720 723 717 720 January CS6 Ci3 CSO fiXO Muy C5K USO dJ74 6S7 Short Plbn JrrtURry C87 G30 C27 C27 May G35 rl74 C25 C Th CASH QUOTATIONS Cash quotations were as follows Ilour dull winter palcnts S3Kf3lO straights a10111Go clesiri 32Gfl3J0 spring sjie vinls I30 spring luLteuzts 3440 stralghils 3004i31 bakurs 22t4x75 No spring ttt71t No 2 rod 72jcs7t4c No 2 oorii 7e No t yellow 31c 0 2 Oats i4 Yc No 2 white fd4c No 3 whIte 2lfr26c No 2 rye SOVic fair to choice malting KMJWc No J HnMued 51W No 1 Northwestern JlCO prime timothy seed t440 moss pork per barrel 1112VM1123 lord per 100 pounds 30WGe95 abort ribs sides loose J62M650 dry salted shoulders shoul-ders boxed SHboVfeo short clear sides bove 65fiiif6 whisky basis of high wines 127 clover contract grade loOO fllO2ItHCEIPTS AND SHIPMENTS Articles Hocr Ship Flour barrels 3 < X > IMOOO Wheat btishglg 15bct 0 12000 Corn bushel IIMCCO 116000 Oats bushels 2450U 91000 Rye huxbola flOOO i000 BurJpy bvwhHs SOtOOO HOW PJIODUCE EXCHANGE On the produce exchanfco today the but tel market wni dull creanuTy dairy lYi2tic Chcw doll 14W11e Keg dull fresh oc San Prnncisco Wool Fn 1ratif < n c al jif Tlir qu allona for iuui ttrc made tvdy ferrmg Nevada liaise eastern Oregon billic valley Oregon 1317c fall mountain lambs StfTlOc San Jonquln plains 6S8e Humbpldt and Mendoelno 10tfl2c Stocks and Bonds New York Dec 22 Todays speculation In stocks took on something of tile Satur nallan spirit that attaches to lie Christmas Christ-mas holiday celebration by inheritance from ancient pagan customs Todays per lormanco In the stock market cannot bo adequately described otherwise limn as a speculative orglc Individual consideration considera-tion that might attach to special stocks and affect their valuu wns apparently la Icon no account of and there i vas a wild scramble to buy all sorts and conditions of Blocks as though all future hopes of wealth and prosperity depended on an ownership of Klock before Christmas Them was lio nows of Importance to put any now ibnsr > on the question of values present or prospective The buylllg scunicd to represent the cumylatlvo offrct upon tho nnaiicln sentiment of the imposIng rise In prices during tho week and lie apparently iincllmlnlshcJ conlldence manIfested i man-Ifested by the largo capitalists by their I continued large absorption of securities At lie fall of the hammer on the chair mans desk this morning 16COO shares of Northern Pacific wcro Instantly bought In a single block First transactions in a number of other Important stocks ranged from 10150 < shares to 72CO shares With a gigantic Christmas tree docked out with glittering ornaments and festoons fes-toons of Christmas greens and bunllng waving over tile floor of tho 6xchango the brokers bought stock with as much abandon as though they wcro part of the Christmas oolebratlon and tIm gayety ot Ito occasion depended upon It The market mar-ket apparently ran wild and was only quieted by an accession of soiling orders Invited by the oxtrtuno advances attained by some stocks But the buying was re suracd lu the last half hour after tile bank statement appeared and a number of stocks were rushed to the top level of the day The closing was animated and regular Some of lie oxtremf advances ad-vances were Sugar 53 Brooklyn Transit Tran-sit 4 U6 General Electric 4 St Paul 2 Peoples Gas 2 and a very extended list of stocks from 1 to 2 points Onlv cronorjil condItIons nnd causes can > afford adequate explanation for such a stock market as that of the past week Particular events and developments may bo accepted as Cumulating causes or as unlocking forces Unit havo a latent growth and gestation and need but a slight Impulse to bring them Into life J That impulse came from last Saturdays statement Ever slnco that line tlio marI mar-I kct has shown continuous animation and I vivacity The opinion has been universal In Wall street that a rise In prices would como In January after the yearly lirum I clal spttlements had been concluded and tho funds disbursed and dividends and interest were seeking reinvestment but there was great read of a squeeze of money rates at the end of the year as tlio requirements to bo mot are the largest over known In our history The anoloy of last years severe panic when call 1oas rose to ISC per cent and stocks had to bo thrown over at any I sacrifice to meet called loans was vividly I present In tim minds of everybody in the 1 vicinity of Wall street The spirit of caution cau-tion was so deer that even the strong evidence of widespread buying of railroad i stocks by l bankers and consorvallvo dunn clal Interests failed to attract a general following Their presence In the market I wns also looked at with suspicion and Ic 1 was alleged to1 bo due to manipulation i with a view lo trap tile unwary into speculative spec-ulative commitments In stocks which would have to bo sacrificed before the end of tbo year Conditions during tho week have grown appreciably easier in the money market The subtreasury operations have contributed con-tributed to the money market Instead of taking from it as last week Pension payments have reached the maximum for the month and hero have been longer payments on assay office checks for gold doDOslted at Pacific coast uolnts V5th the approach of December 31st which terminates tbo period for refunding Government bonds irtto the new 2s there has been a rush of bonds to the sub treasury for transfer mid the payment of premiums on these has been an important im-portant Item In replenishing the resources of the banks Money has been loaned for account of banks and financial institutions insti-tutions outside of New York on a very largo scale These Institutions keep a largo port of their reserves on deposit In New York clearinghouse banks and their drafts on those deposits in the course oc placing loans account for the heavy shrinkage in lie loan and deposit items of New York banks Sentiment Is not an entire stranger to Wall street and the holiday spirit and rejoicing over the prosperity which nn active bull market brings to the stock exchange district have played their part In keeping un lie enthusiasm The market mar-ket quite baffles detailed analysis or description de-scription In lie aggregate number of shares dealt in It has been exceeded on former occasions but In the breadth and variety of the dealings it passes beyond all previous experience The market scorned capable of absorbing any amount of offerings without at all Impairing Us great animation and underlying slrcngtn The railroad bond market has been actuated ac-tuated by sympathy with the stock market mar-ket The lowgrado Issues havo been the favorites and have moved strongly upward up-ward with occasional reactions from spec ulntlvo profittaking United Stales to advanced ad-vanced ½ old Is and 5s U and 3s registered regis-tered Y per cent The new Is decllnd per cent below lie ruling call prices of a week ago BOND LIST TJ S rfR 2s rcglOG D R G4s 10191 U S rig 2s coupl05N Pac 33 71 U S 3s meg HO N Pac Is 105 U S to coup 110 Or Nay Is Ill U S n 4s meg 133 Or Nav Is 102 K U S n Is coup J3S O S L Cs 120 U S o 4s rcg 115 O S L con 53 llSVi U S o 4s coup 110 R G W is 101 71 S f > s rcg UV Son Pac 4s S2 JT U s 5s coup llS ibou Ry fa jll4 Cob Sou 4s S3 lUnlon Pac 4s107i CLOSING STOCKS Atchison 1Yi Wheeling L E ISJi preferred l1i 2nd pfd 3I Bait O 81 Wls Central 1B Can Pac S9 Third Aye 117 Can So 5SB O pfd S5 dies Ohio 31Natl Tube G3i Chi Gt West 1C j preferred 103A C B Q 1H Express Com Chl had L 27 panics preferred C2Adams 1EO Cm E I 01 American IS C N W 1C3 United States BS C R T P i119ciWells Fargo 120 C C C St L 0i Miscellaneous Cole Southern 8 Am Cotton OH 32 1st pfd 134 preferred 91 2nd pfd IS Am Malting 61 Del Hudson 122 preferred CAm D L W 101 C-Am Sm R 641 D R G 293i preferred prcfVrredlii 84Am Spirits I 2 Erie 235 preferred 17 1st pfd 6SiAm Steel U 311 Gt Nor pfd 1SSh preferred 7CVfe Hock Coal l ysAm St W 41Vj Hocking Val 42 preferrel 87V III Cent 130 Am Tin Plato Wa la Central 20 i preferred W preferred 17 Am Tobacco lIPi L 13 AV 47H preferred 135 preferred 112 lAiiiiconda 17Yi Lake Shore 230 Brooklyn R T d L Nushvlllo Si74Colo F t I MJ Manhattan L livic < mt Tobacco WVi Mot SI Ry 171 i preferred 92 Mich Cent UK Federal Steel ViVt Minn St L GOt preferred 7yVt preformed 102 Gen Electric 195 Mo Pac G0 Glucose Sugar IS MobIle O 4G I preferred S3 M K T lCTntl Paper 2114 preferred v 4SVi preferred 2 N J Cent 14Ltciedo Gas 72 N Y Central lJ2ANatl Biscuit isv Nor AVest lldtt preferred OOVt preferred SI 2 i Natl Load 10 Nor Pac 8341 preferred 2 preferred iSvfc Nail Steel 401 Ont Western 281 preferred 52 O R N 42 N Y Air Brake 164 preferred 76 iNorlh Amer 1DVI Pcnunylvnnla 1141ac Cojat 60 PPHdine 2131 lat pfd SH 1st pUt U 2nd pfd C Snd prd 5 3 Pju MiUI 41 H G W 63 Peoples Gus 105 preferred 11 i Pressed Steel C 40 et4S1 24 j l preferred b2 1st pfd 77Pullnun 2W 2nd pfd M St R i TWine t St L S W j IT Sugar 140S preferred 42Vk prcfarrod 116 St Paul 136V4T C t I tI preferred 181U S Lcathcu Si P O 121 I prfrrvd 7 So Faa 4i4U Sflubljer So fly 4 preferred 8ot Union Unioti Pacific T74 preferred G4 preferred K2 jP C C St L 5C Aobaj h 12 Arnal Copper 03 preferred 35 Weekly Bank Statement New York Dec 22 Tho weekly Slate went of averages of tho asauclaled banks I I of New York vharr Lomi 770 S7CG deCrease fl13CO 1 DepOflltB JS 5J4400 dccreus J3m7CO Circulation 130003000 Increase 17BEOO leiral lenders 60157100 increase xil 006 Specie 130011000 Increase 1386700 Total rwerv I219iagift > Inerenne 2 22lI Reserve requirements 2WTO 1100 de rrao fl65923 Surplus reserve 19197000 Increase 3 Tho Klnnncter iyr > flip statement of I hi Nw Yoflc I inks for ilu citrrcnf wclt I > 0 t < < r fnoiahli rbtruir ran t rtr ti tanaiiat and inUl uU that tho turn of lie year will be made without disturbance in the money market The banks have pained largely In cash both on account 01 the treasury disbursements and receipts from lie Interior This of Itself would havo operated In counteract ing ibo influence of expanding loans and I deposits but as both these Items show a further shrinkage the reserve requliei meats havo bcxn materially lessened and j the surplus resulting in nn Increase of I J3171fi23 although the cash holdings arc only 52205700 higher than a week ago It would be difficult to explain In de I I 1 tall why with tho stock market beating all records and general business and all i other conditions in a mojt satisfactory shape loans should continue to fall oft I but the truth of Iho matter Is that outside out-side banks sire heavy lenders here and while nominal loans originate in New York they are placed in other cities The i decreased loan items since tins first of lie j month has been 317Ef000 DeDOslts have fallerj off over 25100000 while tho cash reserve Is only a little over a million less than nt Iblat time 1 Tlls reflects the drain in cash that nas i occurred but as the requirements of the i I interior nave been fully met there seems t to bo ground for the belief that the banks will bo able 10 meet all demands that may bo made by borrowers from this time on Foreign Market Now York Deo Commercial Adver llsers London financial cablegram says Tho markets hero werofairly active to day and tho tone satisfactory Americans Ameri-cans buoyant above parity and al close I wore at best Considerable profittaking i was neutralized by fresh buying Tho clficw features were Chesapeake ii Ohtos St Paul Atchison and Southern common com-mon The last were largely bought Money was steady and Iho bank did a moderate business It lost 35000 gold to India Live Stock CHICAGO Chicago Dec 2i Cattle Receipts 200 head Market nominally steady Good to prime steers 52o COO poor lo medium SaGoSG solcclbd feeders 375 110 TnlY < l Htnnlfnrn V fJVfKl 7 rnwja t9 1Ai 100 heifers 52rxX3i440 canncra 5175 235 bulls 240 430 calves 37g550 Texas fed steers S40034S5 grassers 5323fiIOO bulls 240 325 Hogs Receipts today 1SOOO head Mon day SSOCO head left over 1500 head Mar ket generally steady Top l93 mixed anfl butchers lC5t l05 good to choice heavy i70i05 I rough heavy 5 1 COiiJ70 light COlfl02 bulk of sales I223P itio Sheep Receipts 1000 head Sheep and lambs steady Good to choice vrothcrs S370ff425 fair lo choice mixed 5315f3 65 Western sheep 3CO I20 Texas sheep S225 iBGO native lambs 4X > 3i525 West ern1 lambs 505023 KANSAS CITY JCansas City Mo Dec 22 Cattle Receipts Re-ceipts 200 head market unchanged Hogs Receipts 2000 head market steady to shade lower bulk of sales 4 Soitl 00 heavy 4201 ID5 packers S7495 mixed SISofTI 92 light 475Yf192 yorkers york-ers lnOfrlj2 ½ pigs f i10ij JSO No sheep OMAHA Omaha Neb Dec 22 Cattle Receipts 400 head market nominally steady native beef steers 5400tT6 0 Western steers 100 tfilGO Texas steers 5300Q145 cows and heifers 3COtllO canners a 175 273 I siounurs uiu iiicucrs < o WIIHJ cuivcs ICOICCO bulls stags etc 225l00 Hogs Receipts 10000 head market steady to shade easier heavy MS3Q1S71 ½ mixed 4 I5074S2 < ½ light 475fi4S3 pigs HCOfil40 < bulk of sales 4S03fS2 > 4 Sheep Receipts 200 head market steady fed millions 5C70S3M Westerns 3GoJi3 common and stock sheep 310if 355 lambs 400500 DENVER Denver Cole Due 2i Cattle Receipts 260 head market steady beef steers 350 tj375 cows 522311400 feeders freight paid to river 300 100 stockers freight paid to river 350 jt50 bulls stags etc 720033CO Hogs Receipts 100 head market higher high-er light packer IS > ffl 85 mixed and heavy 4SAI1J4S1 > A Sheep Receipts 100 head market steady unchanged Butter and Eggs Now York Dec 22 Butter Receipts 2412 packages Marlcet steady Creamery itfi25c Juno creamery nfi23c niciory llV flCc Eggs Receipts hitS packages Market easier Western regular packing at mark lS Q22 > cC Western loss off 21c |