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Show STOOL MARKET I QUITE SLUGGISH Money Conditions Guide Operations Opera-tions on 'Change Into Narrow Channels. ADVANCE IN TRACTIONS A FEATURE OF TRADING Union Pacific Hoavv on Discrediting Dis-crediting Stories of De- elopments. fl NEW YORK, Dec. 21. Money conditlona guided today'! Stock market into narrow and sluggish channels: Operatlom wore PI mail and less significant than for romp okb past, boinjf largely ol a professional PH character! The. rate for call money ad-PH ad-PH vanced to almost the highest level of the pi week during the early session the result Bfl f a sodden lulling of loans by local Bfl iinanri.il Institutions PH The bunks, while apparently ahead I" PH their weekly operation! with the snb- PnJ treaaury, are known to have transferred about J4.ortnnxl by dire- t shipment to Chl- PH cago, where cash has b- n in urgent de- Bfl mend to meet the aLtuatlon created by Bfl the failure of the woiKii banks and trual Bfl company The eum mentioned, toajethei PH n Ith the shipment through the aub- Bfl ireasury to the aanu renter, threaten! Bfl another Impairment of the ) gal reserves Bfl if the associated banki Bfl Monetary condition! abroad were hardly Bfl more encouraging than at home. The Bfl Rank of England weekly statement PH howeii a decreaee ( almost 116,000,000 In Bfl iota reserves, thereby reducing its pro- Bfl jiortlon of reserves to liabilities to a level Bfl much beinw the corresponding neek of PJJ the previous yca- A number of short Bfl account in Americans were closed in Bfl London, and operators here for that tnar- Bfl krl weie small In olume, sales on bal- PH a nee amounting to scarcely more than IBBfl 10,000 shares. Intimations of a much higm r money rate during the final week Of the year were given out In responsible I o, jartr r-The r-The local market was firm and active at , the outset and some of the previous day's losses were eoo-i recovered The greater pari of the early trading came from ' Western commission In. uses which were open' bullish on .New York Central, pt. Paul and Rojidlng These Issues, together with Pennsylvania Alamgemated Copper, Smelling Sugar and the Tra Hon stock", were tlie chief feature (.f sirenglh throughout the day. particularly Metro- I polltan Street railway. I'nlon Pacific, the recent leader of the hull movement, was hcasy as were also the Hill ISSUCS. Tennesse Con I and Iron National Iad .tod Colorado Fuel. mmmmm Less was heard about development! In BBS Union Pacific, but It was learned that the BBB controlling Interests In the properly had BBB expressed themselves as not altOgbethCI BBB in accord with the recent upward move-BBB move-BBB BBB 'i he rise in the tractions wsj productive BBB of much gossip dealing with the future of BBfl lhec properties and a great deal of the Bflfl tuning was traced to sources and pro-Bflfl pro-Bflfl nounced political a fllllatlons. The Inier- I 1111111 borough companj llgitred In the das I talk of S deal In the tractions The general list weakened with the early ear-ly advance Of rail money to IS per cent, from which rate It .soon fell to 10 per cent After alternate spirts of weakness and Strength, tin mark t drifted along m characteristic ante-holiday fashion. n lie tinai hour, however, with money once more at lo per cent, the market gathered Increase slrengih under the had of .Metropolitan street railway, Which advanced ad-vanced more than five points, and the closing was active nd generally firm, the moat notable exception being American Hide unci Legther, which nreTl over Use points. The decline was accompanied bj rumors of a liit h In the reported merger negotiations ne-gotiations with one of the larger kindred ompanies Bonds were easier. Total sale, nai value. val-ue. :t. ts.oio. Tuned Siatis bonds were all unchanged an call. New Yoik Bonds, t" s ref reg. .108 Japan 2nd oiej.. av, coupon 10114 Japan 4';. .rrt. I 1' S ?,. ioc ...10! J,, viid gerlrs . 2 'upon IMS i. & N unlf 4 .10SK fll V s nM Ix. ii-k I"-'- XIbh con sold iu3 fl . ..iil.n . . 101 Mi-x Otll 4h SI, fl V s new . re .12014 do it inc . . is coupon Mum Xr L 4s 17 Oilier Toll 4s k.ji, J0i jchii T 4i.l00'i di f nr. .hi :nd t P Ateh f3en 4s ... I"-.-, N a R r U con 4 V, da adjust 4n 94'- v V C gen .t'js N Atl C Line 4s ..lUIS X J C gen us . ..1J4 Halt It Ohio 4s .1W-North Phc 4s ....10BU P do .-!'. t do la ;; P Iirook R T 4a... 10 1 N A. .-..n 4s lOSU Cent of 5a Ka....lUViO S L rfilp 4 .. t'l do it Inc W- ivi.n v ... io:S do -.Tiri inc I'tU'.vad ;n 4n. . un do 3rd tne St I. x I if ron Clftt fe t)hlo Vfa.Wl i hl Alton tMia, 90 st , ft 8 V 4... . 87 P C, n X- W Iie 4-H-I-, s I. ,e S ion 4s Wi, r. n t & P 4.. M'.i Kea a Line 4... M do ot s: south jnc 4 . j c. C, r Sc St I. do ll 4 crt . HU 1 gan fa 6outli rty f.s . . up, olo I lid Si s r A " Tex A. Pin Nt ItJ dO ser H T. St J. A- YV 4.. XI olo Mid 4s . IT1 i'nlon 1'a.r 4k . Its, Colo So 4s . ... Um do CV 4s !; aVJ ' ubs !"'.' r s stei m Sm t k n r, 4s ... mr, wabaati i-ts iim Dlst Sec .Is ... Ki4 dO lb ti 7.4 Frin prior lien la. 101 Wat .Md At ;. do Gen 4 .. 9V w & i E t.. .. 91 Ho.-k VaJ 4'-j .lOSVi Wla . m Cio6ing Stork List. I Adana Bxpreaa I A :nt Ik d ' OPPI SS I OH , .yi l I A rnei an 1 'sr ft F .... 1 v" l i tj I prrf-r rad I American Cotton Oil 2.4 I , . 1 :.'.-, H .... I Aineriesn Rspreaa . mi I Arperlcan 11 L pfd !.-" 17 4i4 4 , I A merli an tC (00 I I Anierlrnn I.lro--l 10 W i 194 H no 41 I Amr LOCOmOtiV 1,001 II , ti . ., , prafarred 1,401) I1M iif, 1154 I Arni l.-jui Sni Ar f.r IC.OOU ): If,'. 160 H preferred ?..f.n iasi- American Sugar rtr ... 11,100 ivi, i " : j A lu' r T )b pfd , -i 1 ,,. , I Anaconda Mining Co 114 Vj iao ft I a tchlaon 1,200 7 " n v.i-, H preferred isu 1,4-, l4 I Atlantli Ooaat Line -.i ;,. i,-,,,, I Baltliuora a Ohio 4 : iu in1, nji, H 9-l I KrrMik'.vn Rnidd Trnnilt vj... -p m,', ; SH I Canadian Pacific 4,100 iiv r,: 73 I Ccnl "f Wn -Tr I :neaapeak a i ihJo 1 100 it ij Phlcngr. ft; Alton. .... jg iH I Cbl ;r-.4t Waatam io S', I '"M t North vrealerti 7"" jv, p, " "I( Chi Mil & St rn;il !4 IPO Ul 17 i.i ttii Trr-n a- Tram "n iH i-oi m :tc, sk I ' C C a R IvOUUl . SM 14)1 m 04U rjr- HI "i" Ku, 1 a- Iron ' '!; i1 Colo a Southern. 1 . a ... H il ""n'1 Praferrad 7 4t. n;t Vi."''P ' '"' ) ia- 7S' 77'4 )7S"j JiiT?-'P "'"in Product! 7'" r i44 is prrfpixed M" &4 Yf 9 Delaware ft Hudson 100 3yV!I 1,1 'wara L 4V Weal 130 K9k9 Denver a Rio Q i sod preferred PiSljP Dletlllera' Securltlea ;. ..! : " fajv'tiM I ' Ho ii I 1st prererrad 4isi 7 ts 79 Slid preferred jon iHtftHM General Electric . . m )7p-, i:c, 171 fAjM Ifocklng Volley I Illinois Ontral 1 i;m4 1;,. ftgajSViB I n'n national Paper . . 4.3011 fK 'i'- sHKgfl preferred j.soo RS . 14 International Pump I . jt 1 linn Central HHHHH I K;ie Citj Southern 7oa ' preferred v H 6. toeing stock lii-- Balsa t-l i k i-ow Close, Louurvtna ft Maahvllle.. -M"' lot i"-'1 161 Mutiliaitm I m !-' 16t4 1:' Met Serurltlee ll.UOO 7 75'i 7'i Met Street Rallwaj 5e,TOt) ie iii Mexican Central i.hhi 9 14 U Minn t St 1OUie M 7i 7!) 7s M St P & S Ste M ,referrel Ifi.'.' Missouri Pacific 1C 101 '"I1 Mo Kan Texas If, WW T7-, .".'r, 87 preferred S.8B0 71 't 0 7i National Lead 6,000 k44, v'.' N R R of Mex pfd 100 L 0 M V. vv York i enlrol ... 4H.700 DJ2 1 N Y Ontario West.. i.mo &t, 10 ii Norfolk a.- Western. LlOO tt UU pt vjf' i ltd IKI'.i North American i.wo H M ss', Paiifir Mali W 4 47': 47't Pennaylvanla K.80) itr, v- i4i Peopla'i Gat 6,800 100 r-N ss-, p CC St 1 iOull i Pressed steel car :.4 ct m preferred I'liiiniBti Padace Cor -4. Readlng 81.000 ISS i:, 188 in preferred M ivj preferred Ilepubllc Steel I'.S'W 03V 3.-S 82 preferred 2 400 km m1 1024 Rock island CO 4 PH !S 88 r.T, preferred 4,000 88 u r.j'i Rubber Gpoda 100 II n 4o, pr-feired M" 105 ICS 103 St L ft H V :rel pfd .. I 4 .-t is 4!, si 1, Southwestern -,f" 38 23 preerr d z" 88 68 is-4 Southern Pacific 16 100 CJ. r.4, K preferred Southern Railway ... 8,800 84 ? preferred 800 Ion t7 ; Tenn foe.1 ft Iron P. 13 13K, LIS ('.. Texee ft Pacific ).4'm .; T St L ft Weel 4'N 3e 86 86 pi eferred K7 Inlon Pacific 1S7.7-M )4 UH 147 preferr-d 400 9 7 !7 United states Ehrpreeii w 117 lir.i, 117 I'nlted Slal. Kolt . . )ib'4 United States Kuliber.. 4' U 8S 88 preferred 1091- Unlted Btataa su-ri ... .-,(.. 1 i xi r. preferr-d 13. 100 104 104 l'H' ( Carolina Chemical 9,800 is" 44i 43T preferred 40a It6 ih'j n:,s Wahash .. Vn ,t,tt yg ' fg preferred ni 401- 40'j ?-, wslla-nrgo i"xprf . . tSJ Vrelln(,iioufe ICIm.- (on 17ft ji 17- W'estern Cnloti 1 rti ( q u Wha line ft ivke k , 17E Wlsoonaln Central .... SH . preferr-d i-j .V VC, Northern Ps Ifle .. . Ud fci yt "entrsl Lealli.- MftO 4,"Ot "(.-, preferred i.soa uaf in;1, pjia Sinus Stel ....... 70n 7 1 j ',;C Total sls for th- day, 1,088,088 nhaK-a. |