Show FINANCIAL REVIEW Past Week Has Shown Slackening oC Speculation New York Dec Bradstreets Financial Fin-ancial Review tomorrow will say During Dur-ing thc past week there has been a further fur-ther slackening of speculative activity at New York The public Is no longer buying stocks with vigor and while advances have been scored in various parts of the railroad share list they I seem to be the result of support by large interests or manipulation by bull pools Thc professional element has also continued to exhibit more or less Inclination lo work on the bear side although so far as railroad stocks arc concerned the impression produced by their attempts lo depress prices ban been comnaratlvely small In the industrials however declining declin-ing tendencies have been more pronounced pro-nounced The fact that the directors of the American Sugar company Instead of Increasing the dividend on that stock to 2 per cent quarterly ns was anticipated anti-cipated kept the rate at 1 per cent resulted in a sharp break in the Important Im-portant security and later on there was a decline in Tennessee Coal which also had an effect on the market at large American Steel Wire has been the object of a great deal of attention on account of the stories which are circulated cir-culated of dissensions in Us management manage-ment and thc announcement that a stock exchange house has asked for pioxles for the use at the coming annual an-nual meeting thc purpose elng to effect ef-fect a change in thc management Statements that the iron and steel trades while In a sound condition are by no means booming have a tendency to create caution not only In regard to industrials but the railroad list as well and offset to a considerable extent ex-tent the continuance of good earnings by nearly all the leading systems Rumors of deals and combinations are still heard and support is given to many different groups of railroad stocks on this basis It may also be noted that while speculative buying Is of small proportions propor-tions the Investment demand for bonds and dividendpaying stocks of Ihe best class Is on a large scale The scarcity of highgrade bonds issues is noteworthy note-worthy and has led to a marked demand de-mand for securities of what may be termed the second rank Thc January I disbursements for dividends and In terest will undoubtedly be the largest in the history of the United States and the demand for securities In which to reinvest a considerable portion of the fund thus released is being to a cer tain extent anticipated and discounted Bank Clearings Now York Dec 7The following table compiled by Bradstreet shows the bank clearings at all principal cities for tho week ended December Cth with the per centage of Increase and decrease as com pared with the corresponding week laat year Inc Dec v New lork 1473 > 35G19 21S Boston 1I527021C 24 Chicago Y 153SHOC1 23 Philadelphia 110617030 91 St Louis 39999 9 9 121 Pittsburg 340 o2l4 52 Baltimore 25C9S71S 1S1 San Francisco 2ofJ7SfiS 72 Cincinnati ISiIJOO 18 Kansas City 18033152 180 Now Orleans 19055978 33 Minneapolis 15512G5C 95 Detroit 971935G S8 Cleveland 33335070 21S Louisville 9S09C2S 40 Providence 7OS5 00 Sr Milwaukee 7716CCS 32 St Paul CE077IO S9 Buffalo GSS7721 49 Omaha 6917054 23 Indianapolis 703S335 C4 Columbus 0 025500 IS G Savannah C623997 413 Denver 4590210 19 Hartford 282G7S3 102 Richmond 4113535 90 Memphis 4671932 479 Washington 2S4GG1I 75 Peoria 2027495 201 Rochester 2732721 15 New Haven 1553GS3 180 Worcester 1I7102I CO Atlanta 2207 C33 294 SALT LAKE CITY 3701H9 107 Springfield Mass lSllWl 73 Fort Worth 2SS522L 318 Portland Mo t 14S4SIS 144 Portland Or 2S051G3 102 St Joseph 4279842 25 Los Angeles 2G94411 221 Norfolk 692702 157 Syracuse 112S9C2 50 Dos Molnes 191909 169 Nashville 1920213 171 Wilmington Del S93SOG 110 Fall River 1241702 59 Scranton j 12 0351 5S Grand Rapids 13124GG 112 Augusta Go 21G7477 3S8 Lowell 6S05S9 2G Dayton 0 13 CG11 27 Seattle 2953317 2fl7 Tacoma 1071000 123 Spokane 1193937 273 Sioux City 1C02073 151 New Bedford 101G270 933 Knoxvlllc Tcnn GOC235 G3 Tnnoltn SSlfl57 92 Blmingham 1l62A 1GS Vichiitmt 191615 14 3inghinmton 507S0 iS Lexington Ky 1307O7 1S Jacksonville Fla i 22X 100 Kalamazoo 402760 110 Akron 4iI00 129 Chattanooga 4760J6 57 Rocklord lii 23493 106 Canton 3370e 127 Springileld 0 337760 P15 Fargo N D f300 87 Sioux Fails S D 20320S 46 1ustings Neb 176467 Freniont Neb 133165 Davenport I I18GS5I 23 Toledo 207Oil7 73 Gahvestoii 1140006 185 liouston 907S9 158 Colorado Springs S50iO Ihelena S07517 SD Youngstctsin 1391 6 Evansville SX41 76 Springfield Ill r600St 111 Macon Ga 02S000 613 Little Rock S00120 211 Totals U S2253620641 153 Totais OUtS1lO NY T9C6i025 i1 DOMINION OF CANADA Montreal 15532670 96 Toronto l20I2M 36 ritiiiipcg Iramirax 1052119 52 Ilarnilton 1015192 150 SL John N B 7 i790t 70 VancouVer 13 C 915823 Victoria 13 C 6113t 420 Totals 33t9i334 34 |