Show iiE i PROFESSIONALS Wall Street Was Unusually i I Quiet Yesterday SPECIALTIES TAKE TUMBLE New York Central Depressed by the 4 yerdict of Coroners Jury Holding Its Officials Responsible for the Tunnel Disaster Decline in the Bank Statement Probably Due to Its failure to Attract Any Buying to Absorb the ProfitTaking Bond Juarket Comparatively Large SILVER tf New York KIC S Franclsdo 55 c > London 23 7mi f LEAD Now York exchange 400 t COPPER New York exchange 1075 Silver and Drafts Ns York Jan 2o Mexican dollars 4Ic Bar silver 55c San Francisco Jan iSIlver bars Colic i Mexican dollars 43c Drafts sight 12 1e telegraphic 15c V Sloncy and Exchange Now York Jan 20 Money on call nom inal inalPrime Prime mercantile paper I per cent Sterling exchange llrm with actual business in bankers bills at S4S76J 87fc for demand and at 51 ISI ½ for sixty days Posted rates MS5 and S4SS 1 Commercial bills j New York IVIctals Now York Jan 25 All the metal mar lets wero quiet today Lack of Informa tion from the foreign markets loft New York to lake Its own course Both buyers buy-ers and sellcru are awaiting developments of next week po that no Important price changes woro made Tin closed at 2100 < y2425 for spotS Copper was called about steady Jit lie for lake 1tii e for electro lytic and lO ic for casting Lead was quiet and unchanged at J4ro Spoiler held about steady 4Sn quoted n I IIP trading t price Iron was quiet In all markets San Francisc Mining Stocks San Francisco Jan 23Tho ofilcial elosing quotations for mining stocks today to-day were as follows lta 05 Belrhpr fr3 13 13 12 OccIdental 17 Bullion O Ophir Caledonla rman 10 Challenge 11 Potosl Cimliar 11Sav age 03 Coni1denc 6 Sg Ecicher C C Fa 120 Slerra Nec 17 Crown Point 03 SlIver Hill 4S C c 03 Standard ir N M Union Con 11 JutIco 01 Utah Con 02 Iex1can tiIyei Jacket 07 NEW YORK MINING STOCIS Ant Sm R 17 Adams 0S preferred LII Chief 10 c Alice 13 OntarIo 70 Breece 70 Ophr 76 N Bruinwlclc 0S Phoenlc Conistock 0iS Potost to C Va 120 Savago 05 Deadwood 0 Sierra Nev 6 c iTorn Silver 10 S Hopes 40 lion S1lv 60 Standard 40 Lcad1II OX 1 BOSTONMl1NG STOCKS Adventure 1ro A1lpuc 3O Amalgnid 7125 Parrot 20 Baltic 335 Qulncy 1500 Blngharn 275 St Fe Copr 3 F I C H32j5S3 C Tamarack Centennial 1i7 Trlmoitntatn ES01 1 Copr Rano 5150 Trinity Domn Coal 6125 U S Frankliji 12Z5 Utal 23 0 isle Royalo 2lC ltor1a 450 1ohsvk 54Z0 Wlnoiia 0 DominIon 21 50 WolverIne 3600 Oceola S1A T Live Stock CHICAGO Chicago Jan 25 Caltle Receipts 200 k steady good to prime nominal tf 5072 T poor to medium 9060 stockers and feeders 225ii l5fl cows l1frij050 helfers p 22G50 canners 1 6011250 bulls 2Z3j lJ calves 2O23 Texas fed steers Hogs Receipts today 17000 Monday 37000 loft over 5000 steady close weak mixed and butchers OOtffilfl good to choice heavy fi30t6 60 rough heavy 600 < J625 light 550G6CO bulk of sales 50g CSO Sheep Receipts 2000 sheep steady lambs Steady good to choice wethers SIMS520 fair to choice mixed SlWg5EO Wjcslorn sheep fed 41WVii520 native lambs J250J5S5 Western lambs fed J5CO 5E0 KANSAS CITY Kansas City Jon 23 Cattle Receipts 300 Texans unchanged native steers SSCOfjfi Texan and Indian steers flOOU oift Texas cows 250425 native cow and heifers 3275 525 stockers and feed erp 53 Of 150 bulls 2S0350 calves 100 7625 Jlogfc Receipts 1000 Market 5c higher bulk of wilea 580 7015 heavy 4S40jGiS light J5Wj620 yorkers J533g600 pigs 3WdSSO Sheep Receipts 100 Market unchanged Muttons SIOOSj20 lambs oEW7600 I range wethers J4COJ5CO ewes jlOOS I 450 OMAHA South Omaha Jan 25 Cattle Receipts 200 Market dull Native steers i0O 015 and IicIfors O0t45 We1t cin steers 3SOiitO J1exus steers 3lOT 410 canners J175 2S5 stockerB and feeders feed-ers 0i450 calves SIOOS700 bulls stags etc 225f 4SO Hogs Receipts WXX Market 5c higher Heavy 12 fiu 50 mixed 5CaW620 light t 557C 610 pigs MGOfioSO bulk of bales WQ51623 Sheep Receipts GOO Market steady F < jd muttons Jl IOfiu10 Westerns MEQU 125 owes 3GO1lO common and toUt ers 5275 175 lambs 100160O A ST JOSEPH St Joseph Mo Jan 25CattleRe ceipts 100 Market steady Natives J3CO 07700 cows and heifer 1507535 veals T35WjG23 stackers and feeders J225GIEO fogsReceipts lOffl Market steady Light and light mixed 57S1j6 35 medium arid heavy 5J3CO650 pigs fj70fr 100 Sheep Receipts 100 Market steady DENVER Denver Jan 25Cnttlo Receipts if firm beef steers J373fM73 cows 2IOfr 400 stockers and feeders freight paid to river 530051 0 bulls istags etc 150g loss Receipts 50 unehangcd light paflkerfi WOOSG10 mixed and heavy J5io 6I 4 No ahccp i St Louis Wool Market St Louis Jan 25WnolStrong and higher Territory and Western mediums ir < ftie fine 2l7c coarse iiiuc San Prancisco Wool San Francisco Jan 25QuotatIons on wool hero today were SpringNevada 1 KV12c eastern Oregon 10H3c valley Oregon 13 < 715c FallMountain lambs S < S c San Joaquin plains 6 18C JIumboldt 4 and Mcrtdoclno 107Ic London Wool Auctlohs > Londpn Jan 25Thct offerings at Urn i wool Biilea today numbered llJS hales t Competition was very active at firm prices Medium and greasy and cross bivda nold at an iidvunci of 1C pc > r Colt r above the December average The homo v trade and the continent bought freehand freeh-and lots suitable for America caused keen bidding Foreign Markete New York Jan 25lIio Commercial Advert iBcrj London financial osthle ram pays Tho stock market today WHS inactive in-active but firm mainly due to the fitr ngth of Kaffirs but the American department de-partment was dull on Mi ew York advices Prices were for the most part fractionally under parity Rio Tintos were strong and ngaln touched 4 but reacted to 42 on profittaking Anacondas were Tveaker selling at 6916 Money IB In good demand de-mand Western Australia announced a loan offl WJJv at 3t per cent to bo 1s stiod at th SUOofdl tno amount of 600000 has been received from Australia Weekly Bank Statement New York Jan 25The statement of the associated bankn for the week endIng end-Ing today shows increase loans f5f3012600 2413COO Deposits 1l1F33O0 1091ISOO circuffior 31713000 aj Legal lenders 7657D00 = M2W Specie 1S50Si2 S7259O Reserves 22710100 90071W gSno8 required 23716JOO 2730160 > M J400 6270950 Surplus Decrease The Financier says The bank return this week showed a gain of 07100 in cash making an Increase In this Item compared with the cash at the end of last year of J27 IIOSCO It Is noteworthy that tim total Increase In cash as estimated esti-mated from the traceable movement of money Into the banks for the four weeks Ruling last week was 33S65200 indIcating that the hank return and tho unofficial I estimate of cash movement now very liearlv iTce there being a discrepancy of only Ki > 0 As was the case In till previous week the gain In cash shown bv the banki was almost wholly confuted Ito I-to specie the Increase in legal tenders being only J 2S12CO Tho loans Hiowoti tno remarr > uuiv small gaul of J2n3300 This followlns all increase of but J32MSOO In thc previous week would seem to Indicate an unfinual Iv limited amount of borrowing from banks for the reason probably duo In great part to thc light speculation on the Mock exchange Tho money loan at call during the week most likely consisted principally of commission house balances Loans bj Interior batiks of deposits at their New York correspondents and those b > bank esr who had borrowed on sterling would not be reflected in the loan Item of thc New York banks Deposits showed an mci car of 10944600 or only l7r000 below be-low the total of the gain In loans and In cash hence the statement In this respect re-spect Is harmonious Tho biirpluh reserve showed an in ccfjsw of JJJ270950 and this Item nOW starids at J2S332 IW or within 55407050 of tim uniount recorded In the corresponding week last year The Increase In surplus sine the beginning of 1002 has been U SICS23 which may he regarded as n yr enrouruiglng Improvement In bunk conditions con-ditions giving assurance of somenluit prolonged cape Jin money however thit while It > Js noteworthy I the caslr InTPdse of all the banks was 5007 JCO one bank able reported an od dillon of Jo5701f to Its specie account and 5SSJJ45fO lo deposits thus de troj Ing in part the significance of Jhe statement considered as a whole New York Sugar Market New York Jan 25SugarRaw firm fair refining 311lOc i centrifugal Ktest 3 3lCcr molasses sugar 213lGc Refined firm No fi i0c No 7 410cNo S SPOc No t 3S5C Jso 10 SOc No Ill 375e No 12 3ii1c No 13 J 375e No14 375c siand ard A 455r 1 ronfertlonern A 45V jnold A 51U cut loaf 525C crushed 525c powdered pow-dered 4E5c granulated 475c cubes 5c Stocks4and Bonds Now York Jan 25The weakness of todays stock market was about as narrow nar-row ns the recent show of strength and seemed equally due to profceslonal operations oper-ations by operators who took their profits prof-its In specialties that have advanced recently re-cently Sugar Metropolitan Street railway rail-way C f C St L and Amalgamated Copper were all thus affected thc last showing good power of absorption New York Central was depressed by the Coroners Coro-ners verolct holding its officials responsible respons-ible for the tnnnel disaster There were charp advances In Rutland preferred St Lawrence Adirondack Peoria Eastern East-ern Chicago Eastern Illinois and National Na-tional Lead the last on th announced advance In the price of lead The decline in the bank statement was probably due to Its failure to attract my buying to absorb the profittaking The gain In cash was fully up to expectations ex-pectations The fact that interior Instl lutlone have been placing loans in New York led to tht Idea that a corresponding correspond-ing reduction In deposits would result to the Now York banks but thc statement failed to show this On the contrarv loans of thc local banks have expanded 2113500 The Influence of this showing Is emphasized em-phasized by the compilation of th annual an-nual showing of the New York Trust companies Thc loans on collateral by these Institutions on December lIst wero 5402A5705 compared with 33791 1IH a year bcforc The report cash on hand of onlyVW85s702 Of cash on deposit they report 1111S704 but these deposits aro montly with Now YouK clearinghouse banks and figure In their reserves as against outstanding loans and obligations by those Institutions Thc market closed active and easy at about thc low point Prices of stock have drifted sluggishly upward or downward during the week The operations have ob loudly been entirely en-tirely in he I Ijauds of pr6foBlonal oper ItttrS and ag their buying was simply with thc purpose of reselling at a slight advance and as their selling was aim ply profittaking on earlier purchases or 10 cover nt a slight decline In prices the weeks transactions have resulted In Ht tIe real change In the relative position of holdings The few stocks in which there have been dealings of any consequence or in which thc price movement has been appreciable have been influenced by Individual In-dividual causes In a general way their course was downward early In the week and upward by I recovery In the Jattcr part of the week The somnolent condition of the market is suggestive Of Indigestion and surfeit due to the enormous activities and deglutition de-glutition of last year The conspicuous feature of financial affairs during the week has been the large Inljux ot money to the great reserve centers of tim world New York has felt this tendency though not to the degree that foreign reserve centers have experienced It In foreign markets also this Influx of money has had a perceplble stimulating effect on speculation vhllo In New York thc dullness dull-ness of thc market has been rather accentuated ac-centuated A The most pronounced recuperation of money reserves has been In Berlin whore a condition approaching redundancy redund-ancy has resulted Thc Prussian and Im penal loans amounting to about 75000 M have been subscribed for many times over and Berlin has been buying discount dis-count bonds In London to an oxtont sufficient suffi-cient to affect the market rate there and there has been a full In the market discount dis-count rule at Berlin at thc same lime Probably this was an Influence upon thc action of thc Bank of England Ip reducing re-ducing the bank rato aa the German demand de-mand for discounts would offset thc dreaded withdrawal of French capital from London in thc event of a fall In Interest rates there Thc Bank of Franco iluo shows a strong condition In Paris and little inducement lo call thc home capital 10 that center This condition has IL direct bearing on the New York money market and promises opportunity for renewal re-newal of the foreign obligations of this market which arc known to be heavy Hid which It was feared would have to > c met by gold exports The export of less than J500000 In gold on Tuesday was uellcved to be on account of New York subscription to the German loan and lot a regular exchange transaction Thc I accumulation of Idle capital I In Berlin was u condition sure to result from the prolonged liquidation and de Drcsslon in Germany and the movement Lo reinvest it may bn regarded as a sign that the turning point of thc long dePression de-Pression has boon reached here No sign lias been scott however that German capital IH giiklng any Investment In the Niw York securities market In lx > ndon also the easier money conditions con-ditions and the hopes of an early termination ter-mination of the Boer war have led to H lively revival of the Kaffir circus but London has shown no disposition to embark em-bark in New York stocks In fact Lou don lullS been a steady but moderate seller sell-er of stocks In New York all the week The recuperation of the condition of New York banks has continued to a liberal lib-eral extent and Interest rates huvo become be-come easier In conpcqucnce but without stimulating stock speculation In spite of the easier money conditions tim luct has developed this week that some largo loans for New York had been secured at Interior money centers This Is ono of tho various symptoms that the Now York banks ire deslroutj of Keeping their reserves In luind for vpresenl Thij report of the Comptroller of tho Currency for December reyeals that the national banks of the country have tx rmnded their loans during tilt your sonic Sll70XOOA Durliu thi riamiy period the cash h rcKOryo8 Increased only about 310 005000 Hlx well known o hal a largo proportion of tlip reserves of Interior banks arn on dcjicslu wlfli few York brinks Thi mime Is truovf tho prosit trm oompuntes lij SQW York city wlwJn4 operations aiid wlfose loan expansion havo had si grunt growth diirlng the past year An holders of iiltlrnidu reserves of thc banking system of the whole country a special responsibility Its therefore thrown upon the Now York clearing house lbank In the eveUt of any credit contraction There IH a general feeling of pntlefactlon therefore In conservative financial circle that speculation should be allowed to ll dormant for a time lo allow the natural forces at play in the countrys prosperous activity to overtake over-take In oorn degree thn expansion of credits The boslnc3 In the bon < Jmarkct hart ben larger in proportion than In clocks and many longdormant lesues have bc como active at advancing prices United States refunding 2s the 3s registered and the new 4s advanced U and the old 4s i per cent The 5s registered declined U and 5s coupon U from the closing call or last week BOND LIST U S rf 2s reg 103 U S oa coup1O7 U S ref 2s coup 105 Cole t So 4s 02iA U S 3i rcg 105 D R G 4s 102U U S 3s coup 10S > i N Pao is 10Hi U S n IR rcg 133j N Pac 3s 7P U S n Is coup JWi Sou Pac 4s 53 IT S o 4s reg1U U Pac 4s 105 U S o 4s coup llli U P conv 4ulX > US5srcgIlk CLOSING STOCKS Sales High Low Close Atchison 6200 75 4 75 75 preferred 3500 t 4i 96la 98 l Ball Ohio 1500 102 > i 102 10l1S preferred 25 Canadian Pac WO 111 113V lK4 Chosapcuko Ohio J 00 Ifi 45v J5UV Chicago Alton 400 31 31 3S prefrrcd 7u Chic hId L 100 51 51 5115 I tti ren wl Chic R Illinois 2200 1US 23091 IKS Chic c G WcJt 2SOO 22 i JiSi 22t A preferred 37 B preferred M Chic N Vest im 2ll 2lLi 213 Chic R I t Pao 200 163 155J 155 Chic Term T iTif preferred 100 32 > fc ji4 32 C C C St L 200 D6S OCVi O t h Colo South W IJH u2 nil 1st preferred 200 COV A C0 i 60 2nd preferred 285 Dela Hud 300 173 172 A 1 Del Lack West 300 270A 270 270 DRG 7 I2 preferred 200 00 MTi OV Erie 11600 30 3 1S 1st preferred 2101 701 70 70 2nd preferred Mo FH > 55 i 5i G Nor pfd 2f0 ISiHi ISfi ISO llocklnp Val JOT 6S i CS USi preferred guv llllnoln Cent 100 lUS i IKJi 1SSI Iowa Cent 30 preferred 100 72 g 72 72t L Erie Wowt 1 U1 preferred 12S Loulsvlllc Nash 22fiO 103 1021f 102 Manhattan L 20V i35ia 135 Met St Ry 10100 171V ICOtJ 1Gl4 aioxlcan Cent 1COO 2S 2 2S lAU > xlcan Nat < 2700 15 15 iBVi Mina St I J 4 i v JOGVa Missouri Pac iTOD 101ai 100 100fi Mo Kap Tex > t 4 4 2l4 preferred f2 New Terpey Cent IRS New York Cent 2SOO 100t 1GO 155T4 iNorf West HtO ft 66t55 preferred 100 021 P2i 02 Ontario West 300 31 ii 53U l 33Ji Pennsylvania 6V5 11D 1 iS4 1lS Reading 1900 50 5MJ MJ4 1st preferred 400 S1V4 S1 2nd preferred 5100 62 4 GOJi 60 St L I Itt S F COO G2 fc 6lI 61 1st preferred 2nd preferred 700 7lsi 744 7IV St L S W f4 preferred VX > 59 fVi St Paul 9000 1G2U lGlt 1015 preferred 1K7 Southern Pac 3100 59 GSfc 6S Southern Ry < jlt OO 3 2lj 32 32 preferred 30 93 92i 92 Texas A Pac J J STol S-Tol St L West 100 19 > 19ii intj preferred 101 3o M 35 Union Pac 11100 100 100 preferred 100 SS SS Wabash 100 22 22 22 preferred 00 2 11 Ili W t Lake Erie 200 17 17 2nd preferred Wisconsin Cent 500 20 19Ti 19 preferred 1 Exprrjta Companies Adams 105 American 215 United Slates 103 Wells Fargo 100 IPOli 190i 100 Miscellaneous Amah Copper 4K > f > 72ai 71 71 > g Amor Car F 200 29V4 29M 19 preferred 200 S6t I SUVa S5 Amor Lin Oil 15 preferred 100 42 42 41 Am S ct Rot 2700 17f 47 > i 17lfc preferred 600 97 97 Owl Anaconda M Co 1200 32 31 31 Brooklyn H T 5000 66 Go B5 Colo F Iron 85 iCon i-Con Can 216 font Tob pfd 117 ½ Gen Electric 100 20 2SO 271 Glucose Sugar 2GOO 49 4G Wi Hocking Coal 1IS Intorna Paper 1200 20 20 1994 preferred 75 Interntt Power v R7 aclcde Gas PO Nat Biscuit lf > 0 4i1 441 < 4li Nat Load 4900 17 1G 17 Nat Salt BO preferred 63 North American SS Pac Coast 73 Pat Mall r 4614 Peoples Gas 12W lOHs 101 101 P Steel Car 200 40l 40 40 preferred 11 Sl SJSt SW Pullman PaTCarl 100 222V 22Hs 22L Roptibllc Steel T > preferred 200 6911 60I J fiS l Sugar 29900 12fi 124 124U Tenn C Iron 200 62 G2H 62Vi Union Bag P Co 13 preferred 72 U S Leather KO 11H 11 lli preferred 2 0 80 WiJ S0 U S Rubber ICO U II 13 preferred 50 U S Steel 3000 42 121 ½ 4 ½ preferred JGAO 015k 92vt r > 2ai West Union 100 91 91 OWL Amcr Locomotive 100 31 31 31 preferred 5 O0 9l5f Ol6 91H LONDON CLOSING STOCKS Cons for mon 931316 N Y Cent 1C5 Cons for acct 93li Nor W C7i Anaconda 6 preferred k < 931J Atchison 774 Ont W 3H4 preferred 99 Pennsylvania 76 B 0 10411 Reading 2 V Can Pac Aiew tat pfd C O 47 I 2nd pfd 32 C Gt W 23 So Ry 327V C M St P166 preferred 95 D R G 43 Son Par 60 preferred 23 U P Erie 40 preferred 91 1st pfd 70 U S Steel 43J 2nd pfd 57 preferred 955 Ill Cent 142 Wabash 22 L N lfTPfl preferred i3 M K T 25 Spanish 4s 77 preferred 61 Bar silver quiet 25 716d per ounce Money 23214 per cent The rate of discount In the open market for short bills is 2 per cent Tho rate of discount In the open market for Ihrccmonths bills is 3 per cent |