Show LllE MECNTLE PAPEE New York Bankers are Again In the Market SUPPLY NOT ABUNDANT Increasing Ease in Money Keeps Prices of Stocks Pirm in Spite of tho Dullness Railroad Earnings Continue at a High Level in Spite of Some Decline in Volume of Traffic on Account of Higher Rates Business in Bonds Continues Good at General Advance L SILVER Now York 0c San Francisco 55lo London 27 7tOd LEAD New York brokers 115 COPPER New York brokers 5W50 Sliver and Drafts New York Jan 20 Silver certificates 94eovc Bar silver 5c Mexican dollars 44c San Francisco Jan 20 Silver bars Mexican dollars < JSV c Honey and Exchange New York Jan 20 Money on call nominal nom-inal at 2 < fi3j per cent Prime mercantile paper IJi5s5l percent per-cent Sterling cxchanco steady with actual business In bankers bills at tS5T for demand and at 54S3WIS1TM for sixty days Posted rates 5184 W T1 is3 and SS Commercial bills lS3ri S36 Wow York Metals New York Jan 20The brokers price for lead Is 415 and for copper IGSOc San Francisco Mining Stocks San Francisco Jan 20TIle official closing Quotations for mining stocks today to-day voro ns follows Alia 5 03 Andes S 07 Belchor 11 Mexican i Best B 25 Oc Con 19 Bullion 03 Ophlr 71 Caledonia CO Overman < K5 dial Con 11 Potosi 20 Chollnr 27 Savapo 17 Confidence CO Scorpion 02 C C Va 10 0 Scg Belcher 02 Crown Pt 11 Sierra Nev 01 Gould 5 C 22 Silver 11111 03 Halo N II Standard 275 Justice 0 Union Con SO Ken Con 02 Utah Con 01 L Wash Con 02 el Jack NEW YORK MINING STOCKS Am S Ref S 75 Chollar S 22 do pref S92Ti Ontario 77 Crown Pt 10 Ouhlr 750 C C Va 1 CO Plymouth 03 Deadwood W > Quicksilver 3TO Gould C 21 do pref 750 Hale N T3 Sierra Net 5 lloincstako DOCO Standard 250 Iron Silver PO Union Con 30 Mexican 32 Yel Jack 20 BOSTON MINING STOCKS Adventure 4 C OU All Mln Co 27n Utah 27GO Osccola C700 Atlantic 5110 Parrot lOOO Bos Mon 260CO QUIncy 110 Ou Butte Bos 4500 San Fo Cop 525 Cal Heo 72500 Tamarack 17300 Centennial 1G00 Wlnona 100 l Franklin 1I12l Wolverines 30 00 Humboldt 100 TRIBUNE SPECIAL Boston Jan 20 Coppers have been quiet today with buying orders predominating predom-inating Liquidation for account of Stock Exchange house shlch recently failed Is now understood to havo been completed Coppers closed quiet generally stronger Montana up 7 to 270 tho feature Horn blower AVfcks brokers 53 State street Boston furnish these quotatlona Stocks Sales Price BltiKham 7 0 1050 Centennial Eureka GO 237 Utah CO 27M Curb Boston 1G03oOO Navaho 700 5760 Grain and Provisions Chicago Jan 20The wheat market was flrm supported 1y tho advance at Paris Liverpool Hteadlnrgs reports of frost damages to crop In the southern portions of both Franco and Russia and tho practical elimination of India from the competitive market through famine Throughout the session trade was fairly active Exporters and foreigners covered cov-ered shorts on lie crnji damage reports und the local demand was fall May opened a Miado over yostnrday nL Wifffi fciie rased fin to fl51rytc reacted to G6f60c < 8111 closed llrm Via over last nights llguro ut CCt Corn was easy May Hosed a nhado unrior yesterday at nnH < jV > ir Th oat market was lather nay In iympatln with corn and on lie expectation expecta-tion of an Imjroasrj in figures In tho Government Gov-ernment report May closed a shado under un-der yesterday at 3J5nf2S5ii The provision market was firm but trade was rather dull May pork closed > l zQ 10c over yesterday May lard 5 i1i7a up and May ribs oc better RANGF OF LEADING FUTURES Articles Open High Low Close WTicat No 2 January 62A 63U < 72yt K May G5 WA foft 66 July GOVi 0 > 7 GGi GS4 Corn No 2 i t January fcL May 33K J 3314 K July 3m SK S3i KF Oats No 2 January 22 22U = 2 May STJi 23u 23 j31 Ness Pork Jnnuny 10CO lOCft 30HO 10GO May 10S2 JOW 30S2 JOS7 January K8 > fiS fi S r May GOQ C05 60 Short Hlbs = January > 572 May 575 P50 CASII QUOTATIONS Cash quotations were ns follows Flour steady winter patent JXCWEjO HtralgiitH JOOtJlO clears SO300 unpin slId elah 40 patents 3207J50 straights 209iz3C0 No spring Wileat 6i6G3c No 2 red 6TC7c No 2 corn 5lc No Whito 25 ½ 4i26lc No 3 trllitL No 2 rye 52454c No 2 barley 44c No 1 Ilnxseod 10 prime timothy seed J2CO 11055 nork per Inrrel S92z7iil065 lard per 1C pOtIfldS 5S2I4Z5974 short ribs sides loose 555Th4x5S7 ½ dry 5411101 shoulders lOXOd 544c short clear sides boxed 92460 whisky din tillers finished goods peir gallon S123V sugars cut loaf 5500 granulated 02 RECEIPTS AND SHIPMENTS Articles llcts Ship Flour barrels 31000 32000 Wheat bushels 4UOCO 7ooo Corn buxliPl1 222OA > S3COO Oats bushels 272000 17PKO llye bushels H00i > 5WO Barley bushels 72COO OCvX On the produce exchange today the but tar market was steady creamery b9I I ic1 dairy Sfi22c cheese firm 3233c eggs steady fresh 307F17c Coast Grain San Francisco Jait OWi1eatStCa1y Mat 92e cash No 1 shippIng 9 mifling ji74c BarleyNo sales Ciuhbarbcy 72c Stocks and Bonds Now York Jan 20TIlO market In slocks continues nn enigma which any ordinary rules of Interpretation are unavailing un-availing to folve Yesterdays buying of stocks was prompted by l the expectation of a favorable bank BtatoinenL file statement pioved moro favorable than tile most tumculrto spectatlon yet the market lost even the small animation it had been showing when the statement appeared ap-peared on the tape The not changes In prices are without signIficance thosp of any amount being restricted to insignificant stocks London Lon-don reported a firm and confident market mar-ket but the confidence did not extend to the ix > lnt of holding American stocks up to parity level and the opening hare was Very ragged and Irregular TIu luck of any upward Impetus from London and the utter Indifference manifested to the bank statement ofrcrcd n poor market In which to realize or Killing by yesterdays yester-days buyers might have been larger In tlm Hb mcc of diinnml they seemed sat Ksllpd to keep their holdings But there was no Inclination to add to I them Tho bank statement fully reflected the expected rcllux of uuonii1oyod funds to Now York the total gain In cash being no loss thm JllrvVsCTO It was not suspected sus-pected that emploxmont for these funds had boon found to UH largo an c tonl aa IndkHtod bv lie loan expansion of J47t Itcj Tho buying of mercantile paper lEt l the banks which ila4 been more arllvo during lie I wcok will iicanvMy afount for much of I his Inoroaip and certaInly m nporalions on the stock exchange are uunirlont to account for It nlesj somo spoclul traiiRnclion H dln rlospil lo explain II It Is probable tho I business of iixinslrlil I combination and notation Is beginning to I iivtill IlwMf again ot the oisloi money riil P Tho good dc inind for bonds cnnllnuel today and pi Ires generally wore julvnnred lila dullnoM of the stock market has Iwcn unrollcoti during lie I pnit two days I except by elforls of pinf < slrnnl operators oper-ators to Induce a movement of prices In somo of iho storyenshrouded industrials indus-trials Only on Monday and Friday did dealings exceed dO < Vji Oinros ind or Tuesday they Jel below 2COOOO A large proportion of tin tunall I cdallngs of the week have been in Sugar Tobacco Brooklyn Transit iiml iho Nmv York irac tlon stocks and tnltcd States Leather with no atithrntio information on which 16 base operations The boardroom traders who are Interested Inter-ested in these stocks every day tlnrt their occupation gone when prices come to a standstill ThedrtillhRB1 tIle class o stocks referred to represent nothlny more than the efforts of this class to earn a livelihood The evident approach of y crlls In the mllllacy situation In South Africa Is one factor In the waiting attitude of speculation whllo enlightenment enlighten-ment as to the future of business and Industry In-dustry as a whole is awaited to gaugo till future The particular Influence Of the war upon up-on the world was the stoppage of Its gold supply and this only because condition had been adjusted at the worlds great financial center in London to the contlnu anco of this supply or to Us short temporary tem-porary interruption The readjustment of conditions to an indcilnito Interruption Interrup-tion to this supply was clearly the Impelling Im-pelling cause of tIle violent disturbance in tho worlds monej markets toward the close of the year coming as it did on a sensitive condition of extcusUo speculation specu-lation I commitments I and price Inflation 1 But tile readjustment having been effected effect-ed It Is not to be expected that HIH lack of the gold output of lie Transvaal will permanently cripple the worlds commerce com-merce considering Its ratio lo the worlds stock It Is not so clear that the toppling over to the airy speculative fabric caused by the contraction of credits which was induced in-duced by tile Troncuwl Is not to have ulterior effect The action of the money market for some time past has clearly enough Indicated tho disinclination of capital to Immediately reembark upon the perilous sea of speculation The reaction In money rates Is now reaching proportions propor-tions and assuming a character to raise tho question whether business and Industries Indus-tries of more substantial forms arc no to undergo retrenchment A few weeks ago the Bank of England whllo making concessions to attract gold on the one hand was according liberal credits to the money market on tile other with the object of tiding over the money crisis and keeping the money market mar-ket In easy enough condition to make Government borrowing for war purposes advantageous Both gold and notes are llowlng back to the banks In unexpected volume and the monei market is not only paying off heiy loans to tho bank but the interest rato IS falling Into continually continu-ally greater ease drawing the bank rule down after It Tile European Government banks show an even more abundant reflux of funds into reserves and a largo reduction of loan accounts with constantly declining rates of interest In New York time return flow of funds from time Interior has sot In In full and steady volume after having been steadily steadi-ly away from Ncv York nil through the usual autumn period of return while money rates In New York were soaring to sensational figures A 2 per cent rate for call money Incites no desire to operate I oper-ate in stocks and money lenders show Increasing willingness to place tlmo loans with the vale wcllbelow o per cent Now York bankers are again bidders for mercantile paper with no very abundant supply in the market i The heavy absorption of railroad mortgages mort-gages well secured and yielding 4 J per f l cent reflects the increasing pressure of funds The increasing case of money keeps prices ot stocks firm In spite or thj dullness nnd railroad earnings con llnuo at a high level In spite of somo decline in volume of tralllc on account of higher rates Concessions In prices of iron and other metals and iho weakness In tho wheat market awaken interest In I tile stability of conditions In those Important Im-portant brandies of the countrys business busi-ness Business in bonds in contrast with tIle dullness of stocks has boon linpres site In volume and at general advances In prices united Slates new 4s advanced lf it and 5s J old 4s coupon ci and registered In tho blr price BOND LIST U S 23 rog J02V Nor Pac IsIs 110 U S Sr reg 103 Nor Pac 3s 66 I S 3s coup 1101 Nor Pac in 10311 I S new Is reg TCI Or NsiV Ista no V S new 4s couUM Or Nav 4s 101 T7 S old 4s regllln O S Line Os 129 L S old 4s coup lll t O S L CoiPos 1l2 iT S 3s meg 112 n G W isIs U S ss coup 11314 Tnlon Pac 4s i04j D RO1stsb02CcSj S D l 1V II G 4n M So Pac la CLOSING STOCKS Aichi on i94i1Tiiitn Iac prefei red preferred 7V1 111 1 I I Wabash I A an Vur S t Ms nrefcrrid 21 < fm Sou Hi llVfe Wheel t 111 I r i lies Ji O 31 2nsl pftl 27 hie ft i West 13 1 WIs ont 18 Ihlo B < t U 122 ½ Exprcan Co Chle I Ind t Ta 10 Adams 1H I preferred 4 12 American Hj rlitc 15 311 85 United Slates IT i rinr As NT W IGHa Vlis largo 121 Chlc U 1 PaclMS Ml ecllaneous i < C St 11 l Ifl < Amer Col Oil J53r olo South jjli preferred 1st pfd IS i Amer Malt 2nd pfd 15 preferred 1 Del Hud 1Mru Am Smelt < v R 2j Del Lack t W17P4 preferred KM r 1 > R Cr J7ft Amer Splrll preformed OOi preferred 4 3i Erlo 11 Am Steel Hoop H 1st pfd V preferred Ot Nor i > fd 1W t Steeht Wire 1 Jlock Coal 15 prefervmmtt Hoek Vdl fll Amor Tin PhilO 2S Ill Tent 1i3i preferred Ui Town Out 12 l Amer Tobaeco prefcrretl r > l3 preferred 1ST K Pitis s Ana Min CoB bake E Vest Co-B Rap Tran prefornd S3V rolo F Iron l 1ijtc Shore l91 OonllOQnUl Tpb 1 1 Loiiln t Nash W > picferrpd 1i ii I i Fed Steel Met SI fy 161 preferred Mex timt 12 On Kite 1 Minn St L aS ½ Glucoso Sugar preferred 90 preferred 97 Mo Pac T IsLe Paper 2SV6 Mob 0 i0 preferred 07 Mo Kan Tex 30 Laclcdo Gas 70f 31 i jt f preferred Nat Biscuit N J Cent 117Vj prefeiqxyl V i > jJ N Y Com lWi Nat Lend Nor c Vest 2Tii preferred m preferred K351 Nat Steel 214 Nor Pac f2 preferred tcl p jferred 7ih N Y Air BralC13O Omit t West 22 Nor Amer itS Or fly t Nat 12 Pac Coast 5l preferred 70 3sl pfd Pennsylvania lS9m 2nd pfd lIetclmng 17 Pae Mail 4 154 Jsl pfd oud Pcqnle8 GasP 2nd pfd 27 Gas-P Steel Car ROW iO preferred preferred Pull Pal Car St L San F ov Stan R S 1st pfd CS Sugar S 117i 2m1 PW 32i preferred i 8t L S W HJ1 Tens C it Iron rcforred l 27 U S Leather 17 St Paul iigi preferred preferred 170 U S Rubber 10i t Paul 0 117 ½ preferred So go Pac West Union ST So Co TU By R I Steel OVj TCX pref erred 51 preferred Co e rac P C C it St L Weekly Bank Statement tau Irt Yorl Jan 20The weekly bank JuriihlS snow 5 the following changes urluS ir HolV0 Increase I 747i527 Loans juoans increase 1579100 pecle Incroabe 734i70iJ Legal tenlr5 increase 41W300 LirCiilatio11 0105115 lflcreas0 3C3i0700 The decrease nj f j ofJ banks mmo w hold llKC75In excess rule rcllllr cnts of time 25 per cent C The Financier aavx The Now Tork earnghou80 ball added no less thou to r 1 t n their total csh holdings Inst week n4rg on hand lo i 3151 In aults amount for ictrgr thnn tilt hovo mesh13 PSt Tfo sur plus rC1rvo rose about and seven one 10 nm ons of dohla nmI 9tands at prcsenL attllsicis i9 coht S I thin quite actual deli t eisLin sIxty hay8 ago Tho rapid of course to 1110 retum o r it due interior and to the rota a uryrunds into aCtlyo f Counting the flte5 milhlonq of roid exported it appears that Ies no tiutn fortysix Inililons of cau hR8 the New York bmks in ci 11110 fact that 5urpIu reserves da Thmo ow are not correspondingly larger hi due to tIme growth ot deposits whl h are about twentyseven and onehalf millions heuv ler than two months ago This of course necHHltales an Increased cash reserve Tho operation of Ihc tseelt considering consider-ing the qnlptnom in the Hpeculallxc mur ktlH wore rather surprising by reason of their magnitude Loans have txpundcd 57olOO whereas not halt of tills Increiiso iinm been niillMpnlcd Interest tenters around the neiivy lEash cxjtanslon It his been known the banks were gaining sin enormous volume of eurreney from limo Interior and from all appearance the stalements reileetrt Iho leports of this money In full Tho National City bank aoeina to havo borbwl about all tile Hpoclo thai came lo Limo clearlnghouse in Mlilllloil The expansion In loins and the I receipt of cloven millions rasdi the deposit is enponMblo for I ho exininsloil or nlxieen millions In the latter rae The Ktate inenl foroslmdovs a rcnllnued eii y money mirkel Whether this will lend ill l I t re ViVId In aiieciilatlve aetlvlly Is a qUest Ion that Is being caiefully debuted il present lu 1 lfll with Teeordhrenklng banl re siTvew security markets tero almost lifeless but conditions now aro so different dif-ferent Hint there Is no analogy rile activity noticeable of late in the bond market allows that funds aro no king k-ing investment at prevailing Interest raiei The fuluro will bo determined by thin continuance of till interior movement thli way If It retains its present volume the usual results of easy money and prod porous conditions as reflected In specula tlvo circles will no doubt be witnessed again Live Stock CHICAGO Chicago Jan 20 Cattle Weak close nominally steady with llpht receipts an llcipaled for early next week Supply oi choice feeders liberal demand fair Good to choice 5251040 poor to medium I00 l iitI mixed stockers JJGijSSO selected feeders 5I2iifil7rr good to choice cows tt50i15 heifers 3 Ojl0 canner S2atfi2PO bull 515Yitl I 20 calves 4 Mn I 7VI fed Texas beeves 100350 Hogs Good demand mostly oc higher good clearance Mixed ant butchers SiM 1 alT i good to choice heavy Slffl > rough heavy l50fiUO light UCf I G3 bulk of sales ICOtf 467m Sheep and lambs gcncrall steady Native Na-tive wethers WSOfiGOO lambs JIG95G 10 Western wethers Jl i 10fHJS Western lambs J > 23fiG23 Receipts Cattle 200 hogs 10000 sheep 3CCO KANSAS CITY Kansas City Jan 20 Cattle Receipts 100 Market unchanged Native steers tOOff5CO Texas steers MIVOCW Texas cows 2 > g30 nullvo cows and holferp 3225S1GO stockers and feeders SooO 525 bulls 275iI175 1 Hogs Receipts EOOO Market steady to strong Bulk of sales 4GOffIGO heavy 51 1 f145 packers 4 W ETlCO mixed ICOlt457i ½ light 5JWfMG3 yorkers 4W > QIfLS5 < l pigs 3751I4O Sheep Ko sheepOMAILA oar AHA Omaha Jan 20 Cattle Receipts MO Market steady Native beef steers S430 5SO Sestern steers i0O11Sa TcXa steers I7O1i 50 cows and heifors 3U7 125 1 canners 20tlU 00 stockers und feeders 37OTi500 calves lCOg700 bulls stags etc 2SOJj 110 Hogs Receipts SSOO Market stronger Heavy l i24fi IG2V mixed l52IlKj light 5JJ7V4iIV pigs 5I001J40 bulk of sales SlySii 155 Sheep Recelpty 20W Market steady native muttons 40ftlSo Western muttons mut-tons Jl10JjlG5DENVER DENVER Denver Jan 20 Cattle Receipts 200 Market strong Beef steers 350 < iul5 cows S2oOft 121 feeders freight paid to river S3fVa500 stockers freight paid to river SJOCKI500 bullq stags etc < 100S 300 Hogs Receipts 200 Market Cc lower Llght packer 440ffl GO mixed WW 4 5iVt heavy WR2Mjl57 t Sheep Receipts none Foreign Market New York Jan 3 OTimo Commercial Advertisers Iondori financial cablegram Mays Stock hero wcro llrm today but steady In the absence of news from Africa Af-rica and business was small Paris was Inclined to sell copper shares The hank bought f000 gold In German coin Silver Sil-ver was strong on Indian demand Paris cheques was quoted nt 25 50 Butter and Eggs Now York Jan 20 Butter Receipts 1030 packages market firm June creamery cream-ery 20523 c Western creamery 21gC5c factory lCl20c Eggs Receipts 4050 packages Western 21c loss off Western ungraded at mark 1i7h9c London Wool Auction London Jan 20 At the wool auction sales today 915S bales wero offered Greasy merinos sold readIly to America and the continent the former paying Drecmbor prices Crossbreds greasy and sllpcd wools hardened the homo trading absorbing ab-sorbing tho majority Americans pu > lng full rates Bright lustrous Gcelong lambs realized Is Gd |