Show Jll I j i I PRICES GET A SETBACK II i J I i f terry in Rates Responsible Ii i J 1 far Reaction 1 LARGE CALlING IN LOANS J I i I I Opening Transactions In Steel q J I Wero Efnermaus l I I I 1 I Silence on the Part of the Bond Syndicate I Syn-dicate Left a Busy Tield for i Conjecture Ri ti New York Nov 20 Prices of slocks flj received IL fclbaok today after a further moderate upward movement during the vuily hours of the session A plausuilo lit1 reason for the reaction was a flurry III lIl call money rates which run up to 8 percent per-cent laic In the day causing an apprehension l i I appre-hension that tomorrows bank statement i i might reveal some unfavorable developments I develop-ments So fir us the currency movement of the week Is concerned there Is l nothing t i noth-ing to show an Important loss of strength f l > y the banks the apparent decrease in cash being limited to u feW hundred thouFand dollars thomald rie s by transfers through the sub I subtreasury operations trensury and on opertons proper wero almost offset by i tho receipts IIOller of new gold Including foreign gold Imported Im-ported and n small gain on the direct interior movement The last named was I but a trace but Is regarded as highly Hlgnlllcnnl I In view of the turn In the r I currencv Indicated The dubious point of l tomorrows lurnIC bank statement Is the loan There was some large calling or loans I today by several of the great banks which necessitated the shifting of loans 1 and caused tin rise in the money rate I nnc per cent Thu purpose of this call of loans was explained somewhat vaguely 1 is due to yndleatc requirements Including In-cluding the 1 toiled States Steel stocks convention syndicate The call loan rate 10ncnlon symlclte cal i i mil off to 5 JUT cent again before the IHl of I I i dose The exhilarating effect upon the I i stock speculation of yesterdays announcement an-nouncement that the syndicate conversion of United States Steel preferred stock j > Into second bonds would bu discontinued was still manifested this morning but < it spent its force In the course of the day Opening transactions In United Slates Steel preferred and In the bonds II vore on U enormous scale The bonds i wrre at one time 2 points above last I night but closed with only Vi gain I Vnitcd Stales Steel preferred fell as low 11 if 1U under last night and made a net loss of I point The sllonce In the formal I statement of the closing of operations ort or-t he syndicate on certain points left a busy I Jlcld for conjecture notably as to the actual ac-tual holding of the bonds remaining In the hands of the syndicate to be marketed I n mar-keted The good cued of yesterdays I concession In freight rates by the mil I roads was partly offset by continued un I Iavoiiuhjie forecasts for the trade South j j 1 < MTI Pacific came Into the foremost place 0 i In speculative attention tOld was lifted It I I an extreme of 2i points There was no nrws to exnJain this movement beyond I I tho general supposition that the present I i J ralo of extraordinary expenditures out of I earnings will not be indefinitely con J I tinned and that an extensive refunding I of hl h bonds Is enrl i j high rate an early possibility Tho strength of this stock was taken advantage l ad-vantage of to realize elsewhere and there was more or less suspicion that its fi l rise was manipulated to heln the profit i falters Tho market closed dull and 1i1 1 < rather heavy The bond market became somewhat irregular Ir-regular In sympathy with the reaction In sleeks Total sules oar value 177000 Vnlud States 2s declined t per cent on J the last call XBV YORK BOND LIST V S ref 25 rcgOI L X unl 45 S4 I r S ref 2s cluplO Ian 011 con ls1O2y l 1 S reIll Mcx Cen Is lsI0V 1 S I lOUII 107 Iex Cen 1st Inc H 1 t S n ls reS1H Ilnn S L is f 1 S n 11 coup13m1 K r s fS I 1 S 0 4s reg101 MI 1 T 2nds i l II 11 S I Is COUll 1IOA Na or Mex c 49 I S is N Y Cen g bt I 9 7lI i 1 S oS COUP 301 N T Cen g I s12 H Ateh gen North Jac ls10 I Atch RdJ 4s s North Pue as 70l Atlantic C L Is 1 92A XOI W e Is 07 Balt 0 4s 10 01 S L 4 s Par 02 Bait 0 Is 05 I Penn conv i1t oi d Con of Ga is 13 Rending geii Is i o iG Ceo or Gt l In w S L 1 11 53 10 boa 0 olS 101 S r j 1 S F fg js gi Chi Alt 4s T3 n S L S W 1sts 13 C B Q lew ls 1i Seaboard A L 49 71 i CMSPg4sO South Pac 4sSS I l N W con 7sIi04 South fly iil n I J iS P Is i2 lex Puc Itits118 I J CltJPc5s7i i ToiSL1Vj7i J C C C S JgIs 97 Union Pac 16 71 Chi tlm 45 S elI lnlon Pie c is 7 COl robs 5 U S Steel 2nd 5s 704 IJ Coif So 4sVt lVzLlash 1sts Ii D n G ls 09 Wnhash deb n 13 11 I l Erie Ilrl len 11 03 I W L E 4s SG i JIk Erie geti IR I SI 1 Wh Ceo IH no F W Jel C 1st U C 1 1 com s GG ii th Hocl Yal 1 91rJj 5 1 CLOSING STOCK LIST I i Sales High Low Close 11fh Atchlson 21300 C5i Clt WR preferred 900 901 ½ 90 S3i Ualllmore Ohio 9000 7Gh 75V 754 J I referred i 100 811 87 = i S7 Canadian Pacific 1900 Ii1 IIS1 HSi r I Cmlral of X J 1 100 155 L1G 151 I dies Ohio 1900 Wj 30i 30 J Chicago ii Alton 1W I r2 3V tWV n preferred UQO m > T i 9 a j < Chi tt Gt WiStern V 30 11 15 154 J I preferred ICO 27 i 270i 20V 1 Chi Northwest lSCO 1034 1US lSOi rI Chi Term Trans S t preferred t W jg4 iS4 Sv lSY I C C C St Louis 100 73 > 4 73i4 72 i1 1 Cob Southern 3ftJ ICft 13 12 I 1fct ptxfcrrcd r 534 52i C21 f I J 2nd preferred T 21VJ I Delaware Hud JCO 137 3D6Vi 1fl Iv i Del Lack < Si West 1100 210 2391 237 Driver Illo G WO lVi ifnc 19J1 1t I prefurrod l UOO GS G G71j Erie ic700 iJ 2JTs 20Ti 1st preferred 700 C7 > i t1 G CGli t ilid prcftTifid > O OVi 187B ISI Gt North jiref jco I ple 1 i i Hocking Vulluy l7iO 7 2 i i 70TJ 72 J p preferred SOD 81 rrel = I lllirols Central SOJ 12Ji Kiv 129t I Jiiva Central 20 iretrrel II t jt i j 3C t Soutliern 10 Si J8U 18li i preferred O i1 v 1 ns 0 l d i Jouihviiie Nash rio I io2 ioiy iom I I fl J Majihatlan L 1 ow 123tJ ISSji lOSn gl U letroiiulltjin Si Ily 500 Iiri TW t IH hi Jfjnn t St roulh li 1 ri n < CO J lfesouri l Paeirlc 12WM 1 Ulli 93 W f L l Ilrhourl K t j ie IiiI 17 Itf I lilt rtcd 100 tt t f 5 L 2 xiVTViiAi 10 5 1 I Nat 1 IL hle p 3k < N y 1200 1l7 117 3 tO i17 S 1 3171 V West v 11 I3I r > 5U fI5I4 rll pref rfed s Ontario Western lS Ori 2oU S PcnnsyhatUa 7700 11514 lj4l 11 Pee 11 1 PCCStLuui i7 i i i I l + + + + + + + + + + + + + + + + + + SILVER + + New York 5SC f + San Francisco l SSViC + + London 27Vid + + LEAD + + New York exchange 423 + + COPPER + + New York exchange S1275 + + STOCIS AND BONDS + f Wall street receives u setback In + 4 the early hour of session + + GRAIN AND PROVISIONS + + Demand for December wheat was 4 + urgent + + Corn for December delivery + + higher + + Oats advanced sharply + + Provisions shade easier + + LIVE STOCK + + Cattle Steady + + Tlogf Average l cents lower + + Sheep and lambs steady + 4 + + + + + + + + + + + + + + + + Reading 30rQ 41 1 4OI iG I 1st plefrred 100 71 if 514 100 611 rs 2nd preferrell 1 flock Island Co 14 21 H 21fO lslal1 preferred 10 59 IY 5t1it 5S SL T S F 1st IC GO 2nd preferred 100 Hi l 15 I 1 WI St I Southwester 13 preferreI 10 ai 3h4 31 St prcfCIIcd PI 0OOO 13t 13S 1 135 preferred 17214 Sout hem FJcc 1070 4Ii H Southern Rj h 0OO S7 SA ISVL preferred 01 7G 75 ½ 14 Texas Pacific 190 21 2 I Tol St L est 10 20 20 19t prcfcrred 90 9Wi 31 ti 1 J tnion Pacific wZGOO 7I4 7 72V 1nlon Pacrc 10 Slj Sr 81 Yabnsh 100 20 191L 19 preferred 5900 i4 H ti 1 fcrle SO Whc ehliig ri E fO Hi W Hi Vis Central io 17 ii fi3 11 preferred 110 S4 3i 97 Exiress Companies Adams 220 191 JUUOIICUiI UnIted States 10 Tcls Fargo 195 Amnt Mbcpllnneous Copper 3 o 1 3S 3sc Amer Car 1c Found tO 20 IfIf 39 preferred SI GS l G G Amer Llnrfecd Oil 9 preferred Amcr LocomotIve lGOrt IWI 1t W J3l < preferred 10 70 79 76 American S P O UTS 11f I 4 UVS Amelcan preferred 1500 8 Sii 87 met Sugar Rfng 1700 110 IH i US Anaconda M Co J fiG Brooklyn R T11100 UOVi 3S r 3SK Colo Fuel it Iron 00 HO 29fe 2Sl Columbus H Coal 200 10 lOli 10 = 1 Con Gas lGOO 178 177 1774 Gen Electric JKOO Ifi7i 1S7 IwVi Internal Paper O lY 1 1 preferred W 1rcerlc < Tntcrnnt Pump SO preferred Ij > National Biscuit 200 CJ Ci I 4 M National Lead 100 113 lift 1 North American 0 72 72 71 Pacific Mall 2Tili Peoples Gas JOOO 35 OSVi 92i PrcMtd Steel Car1500 20 2S 2S pl ferret 100 G9i C9 CSC I Pullman Pal Car 100 2Ui 215 210 TSepubllc Steel 2K0 r = 7c 73 I preferred 0i00 52 49 IS i Rubber Goods O lt 11 WI l 1 preferred 100 J C9 i CDii G9 y Tenn Coal Iron iOO 29J 20 2Si TJ S Leather 200 71 7L i 7 preferred 200 f 77 77 7CIA U S Rubber St 3JA preferred 3ti U S Steel 2SSOO WA HO 1 preferred 97WO 1S ir 31 l Western Union 200 > H SIU SI Nor Securities S7A Total sales for the day 023900 shares Bank Clearings New YOlk Nov 20The following table I complied by Bradstrcet shows Ill bank clearings at the principal cities for the week ended Thursday November 19th with the percentage of Increase and decrease de-crease as compared with the correapond week last lug year Inc Dec Now York I245t5G59 217 Chicago 17S7Ki02o 011 Boston iw1093iri Philadelphia 311131202 12G St Louis iilNli40l 1 Un Pitlaburg n7G3117 11 1 San Francisco 7K2nS 76 Baltimore 224210i II Cincinnati 22031700 SS Kansas City riO SJ j Omaha d i S03Ti721 Li Los Angeles 7I9S270 2i5l 1 O Sl Joseph JlG73r 1 > 12 Denver rS2B9i5 21 SALT rA7CE CITY I821SM C0fi Portland Or S38127 90 Spokane Wash 2491032 102 1 Tncomti 22r2WS 012 1 I I Helena 573100 Sl 1 Totals U S2112S72It2 211 Outside N y SSSoOSiJiJ 2t TotnlF Canada rSOj17U 19 Silver and Drafts New orlc Nov 20Bar silver oSic Mexican dollars tic San Francisco Nov 20 Silver bars 5 c ilexlcan dollars nominal Drafts sight 2c telegraph 5c Money and Exchange New York Nov 20 Money on call strong G7IS per cent closing bid 5i percent per-cent offered at G I per cent Time loans easy sixty days oViSja percent per-cent ninety days S4 per cent six monlhn 5 tier cent bid Prime mercantile paper C per ceo Sterling exchange firm with actual bualncas In bankers bills at J20JS4 Jne5 ttI1I for demand and at 48040J4 0oO for hlxly days Posted rates MWSl and JllVfrS IS Commercial bills S4 SOi l eV York Metals I New York Nov iTiim advanced 2s Cd tlcCc in London to 110 12s Cd for spot and i17 17s Gd for futures Locally tin was a little firmer spot closing at 25lon230 Copper remains unsettled here and prices aro more or lCm nominal Lake is quoted at 1250ai00 electrolytic 1SIf casting cast-ing 127u Copper was 5s 7 > jd lower In London with pot quoted at 55 Cs and futures at 55 Lead regained is Id of yesterdays loss c In London closing at 11 1 la 1 but remained re-mained quiet all unchanged here at 123 Speller declined c Gd to 20 12s Cd in London and ruled easy in the local mal kcl at 5G2 Iron closed at 4Ss 4d In Glasgow and at ISs In Mlddlesboro Locally iron was quiet No 1 foundry Northern iH Ituotell It SliO1WiO No 2 fQul lY Northern HC1O No 1 fOlnll Southern aimil No 1 oundrySouthern soft S1951Lf0 Grain nnd Provisions I Chicago Nov 21rho demand for December cember wheat from short Interest was extremely urgent owinir to the critical situation In the Northwest l and with but small offering the market ruhcl lrong throucHiut the entire day Tho iuiithi cat was bullish from the start hlghur cables and small receipts in thn Nnrtiiwert being Incentive thut brought out a good demand de-mand with the opening ilea l December vns n shade lower to a jihado hiRhft1 at 7KJ7l ifcc but with nctlvo buying by shorts Mid the local traders lIe I price advanced rapidly On the trance I hero wrK selling to secure proUts and HOle sales for short account which resulted In the market leuHcd the at times although casing off allehtly nlhoh tendency was constantly toward t hlghei level Thc report of a big decrease In the stock hIE U Duluth for the week was an added It the shorts wh arc cause of anxiety to alC beginning C16C to four l they Will eperi iico bt l considerable difficulty in rurlns < wheat to apply on December contract A pri vato estimate showing a greatly iedUtl 1 also a bullish crop in tho Northwest was hul factor The wtrenelh In December helped May but that month did nor show as hu much advance as tho narb > dclIyO olosed After sflltng up to JOlic December Ct Ifto higher at 0fiSO > ic OUnrnnces of hlEher Hour were Hinal to KOOO bushels bush-els XVorldis exports for the week according ac-cording to Bnulatreofs were 2U1XX hushrls I the smallest WCLI s total for two month Primary receipts wore 10U300 bushels apalnfit 1112100 bushels si your ago Minneapolis Duluth and Chicago re lorted Inn alols of 751 can against iS cars last wefk and jOl cars a yoav ago Corn for December l delivery wis especially espe-cially strong owlns 10 a scarcity of oncr ngf while at the same time thtrc was It good denand from shorts throughout tho Inv December ranged bouvoen 42Vc I and tG > V < r4Cvic and closed lViHtc hIgher at ISSMHWe Local receipts were 10J cars with llvu of contract yrade Oats advanced sharply on buying by a leading bull which win arcompnnlcd by large purchases for short account After selling between Tlc an1 HTftp December closed at iv TtrSTfec a gain of l IfflldC Local recclyts were 17 cars Provisions were a shade faslcr ut the start owing to a decline of from PfflOo In the price of hogs at the yards There was some buying of lord for foruhra account but Belling orders from yaclcora were in larger volume than buying irom nil other sources and prevented the market from responding to the advunno In grains The close was about steady January pork was filtfC higher at 1157 Alli0 lard and rlba were each 2Hc lower at 3070 and JiTir I Estimated receipts for tomorrow heat ICO cars corn 125 cars outs ICO ears hogs 16000 hl nd RANGE OF THE LEADING FUTURES Articles Open High Low Close Vhcat No 2 Dec new 7 < n4 MX 70 SOj May Er 71 I Iil I 70 July 743 71 I0i iI tfi 7tl Corn No 2 December 42 i 434 I2li ISI Mav m 42rh IH 42 I July lIYL 4295 ili 12 Oats No 2 December 11 1 ISSI W I 2 May 5te MH 35 3G iIPs 1 Pork por 1 barrel January 11BO llfiO 11521 llfiO May 1100 ll2a llCO 1172V Lard I per 100 wounds January CIT7V C70 CC7 < = 671 May 070 170 GG7A C70 Short Ribs per hUt pounds January Ijlv ii5 I121A filf May C22Vi G27 G22A C27V6 1 CASH QUOTATIONS Clsh quotations were as follows fIOlll firm No i sT1IInl wheat 7SlISlc No 2 red 8fi8ic No 2 corn tc Xo 2 yel low 4GiiGc No 2 oats 30ic 10 3 white 31WTJC No 2 rye Sic Good feeding barkv MjrsSc fair to choice malting malt-Ing 4705Se No 1 flaxsccd f0c No 1 Northwestern 9ic Prime timothy I seed 520274 Mess pork per barrel 1150311021 lard per 100 pounds JGflOftGWte abort ribs sides < loose C751 700 short clear sides boxed SGCOSTGG2V AVhlaky basis of high wines 125 Clover contract grade SlOrD RECEIPTS AND SHIPMENTS Articles Becpls Shpmls Flour barrels 1 22000 2200 Wheat bushels 7 113400 07400 Corn bushels 10G100 4S3000 Oats bUHhcls 2001UO 152MO Rye bushels 8700 5SOO Barley bushels 12G100 232CO PRODUCE EXCHANGE On the produce exchange today the bul tel market was firm creameries I5fr222e dairies 1100I1c Cheese steady 10j1Oe Eggs firm 23t2oc Live Stock CHICAGO Chicago Nov 20 Cattle Receipts 1000 including ICO Westerns steady good to prime steers SolOffjiX poor to nedium 3J0ii ISO stockers and fcedcra S2OOgM15 cows 1501Tl2r I heifers S200fri50 canners can-ners lf i210 bulls S200ffl25 calves I 527772j Texas fed steers 275ft3oO Western steers J3COrilEO lloga Receipts today 2GOOO tomorrow f 12000 average 5c lower mixed and butchers butch-ers 5ICOff77Ji good lo choice heavy SIGO470 rough heavy s 435fM5j light MI7MC5 bulk of sales JMSofNGS Sheep Receipts 10000 sheep and Iambs steady good to choice wethers 3GQ fI l2o fair to choice mixed i7r < 7371 Western sheep 5275tJl00 native lambs 5375iJnnO Western lambs 300fi71 DENVER Denver Colo Nov 20 Cattle Receipts COO steady beef steers 5275S3CO cows J200U330 stockers and feeders freight paid to the river S250CGO bulls stags etc U > S2rO Hogs Receipts ICO lower light packers pack-ers 4451H 50 mixed l0fIl5 henvj 43C JI10 Sheui Rocelptn 5000 steady pood fat muttons S3COtOO lambs SlOOtiJCO JCVNSAS CITY Kansas City Nov 20 Cattle Receipts 4000 Market steady to strong Nutlvo steers 5323W510 Texas and Indian steers Sl755325 IVxas cows 130fl2o5 1 native cows and heifer SlY l00 stockers and feeders S2OQfj4lO bulls Sl7u5i300 calves S250 GOO Western steers J310jrilo Western West-ern cow l7u03CO Hogs Kecclpts SOOO Market weak to 1c lower Hulk of sales S ll1rMGO heavy S l3of4iQ packers S450frIf 1 medium 5 1G5 d475 light I4G470 Yorkers lG5ff470 pigs lr 1 fM40 Shucp Receipts COO larket strong Millions 1 S2COir4 1 CO lambs S2Wi7oSj range wclhera S210Z325 ewes 2551345 St Louis Wool Market St Louis Nov 20 Wool Steady medium medi-um grades combing and clothing 17tf 211Xc light line 3ffl7 > c heavy fine lIHrc tubwashed 20520c New York Sugar Market New York Nov 0 Sugar Raw steady fair refining 3c I centrifugal I 00 Lest 3c molasses sugar 3c rcilncd quIet |