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Show !E STRENGTH STOCKJWAHKET 1 Disposition to Curtail of Operations Clear-M Clear-M ly Manifest. $SMf iSjIS. iJlGIAL SITUATION IS WLL CENTER OF INTEREST Me Mgn Exchange Rates Show Ether Out-Go of Gold Is B Contemplated. m jjflr YORK, Dec. 12. The few Kf positive strength in tho stock iKf today were uoj, sufficient to jflthe effect of the general disposi-jjB disposi-jjB jeduce commitments. There Ecussion of the beneficial effect ro&d earnings to follow proposed Wk& in freight rates, but prices kt respond except in the case of Kork Central, which roso vigor-Bin vigor-Bin face of tho prevailing down-Bndonc.v. down-Bndonc.v. Tho advance in Pressed V ar recalled a rumor, circulated f in the'week and officially denied, i iutcndod absorption by tho United ! f Steel corporation. Other rail-S rail-S iqnipment stocks movod in sym-i sym-i jt The greatest soiling pressure ed on the metal group, especially J can Smelting. Rumors of unsat- ory earnings by that company fconplod with reports of waning !id for copper and expectation of jwed decline in tho prico of sil-iftcr sil-iftcr nearly tho lowest prico on simmediate outlook in the money it was the principal topic for con- ;(ion. Expectation of a weak ? return was genera, although it S mown that the weekly statement ! wot appear until after tho stock 1 t closed. The operation of forces I jle'tion of banking supplies was q io be still in force, indicating a tance of tho decrease in bank- ierves. jas on call arc not made at tho f eschango on Saturday, so that was no quotation in call loans ve as a guide. Time money rates, fit, wero firmer, an advance in xtv-day rate following tho earlier i;the thirty-.day rate. The foreign age market continued very strong. Efc it evident that additional gold 'go out next week. Tho statement b day's subireasury operations d a gain by that institution of ;O0O, reflecting the boginning of Hits to tho Panama canal bond?, Jwill figure in the banking aver-for aver-for all of next week. Today's out-J out-J around $4,000,000 gold to Paris (mains to be shown in the figures j1 banking condition. Tho strong in the late stock market was due Untimation that the bnxik statc-'vou!d statc-'vou!d show a loan contraction, jwould servo to conserve the 3ur-uTho 3ur-uTho decline in the surplus was A in fact to $3,272,150 iu the ies. Evidently tho curtailment of Joans is due to tho coming into the Inarket of the trust companies to advantage of tho moro profitable by drawing on their deposits with inks. The decreaso of $7,597,000 Ji-daily averages of tho clearing 0BB loans, or of $2,857,100, aud actual io'ntracts with a loan increase of '7,200 by tho other.banks and trust imes. fybond market was irregular, but Boer of prominent issues mado D advances. Total sales (par i $2,610,000. ted States 2s registered advanced r cent on call. , New York Bonds. lHjef 2s rec..l035lnterb let Sis. 731 Jef 2s cou. .101 L & N1 unl 4s..l0i; JB rep 1003 Manhat c g Is.. 93i 8 Pa cou 1003 Mo: Cent Is... S5 !fs res 1201' 1st inc 21 1 life cou 121 'M & st L, 4s... S5 IfXTob 4s... 78SM K & T 4s OS J llflTob Ca.-.30B1 M K & T 2nds.. SS JJfoen 4s. ..100S X R of M c 4s.. SI ffcflJ 3-s X Y C gen 3s. 05 I lev 4s 1025! X j rj gen 5s... 1205 ILfy, 5s 105i Xor Pacific 4s.. 103d lPiino 4f" 015 -N'r Pacific Ss.. 73i I :gh o Xorf & W c 4s. 0SI 1 JpMo Sjs . 05 O S L rfdg 4s.. 243 'i c 4s S2 Pa cv 3;h 1015.. 04 j 'Of Ga. of. .100 Pa con 4s 104- c SO Reading g 4s... 100$ jflnc M'i Hep of Cuba os.1022 ttl?";.-" ,?2 St Lil M c .".S..111Q lS ShAl ss...106S St L&S F fg 4s. SIS I E3isr" 11) St T' S'west c 4s 76? Z P R -Js. To?. Ho Paclllc in.... aij i 155."' j So P'c 1 fit 4s... 06 S f 5ct ? 4c 32, So Railway r,o.,10S kBt L g 4s. 0(1 Tex & Pac Ists.lHJ I Jp,f,os. Iji T St Tj & 4s. S2i I p -Ci 4s-1Si.'u s Steel 2d os.102-2 f nPui5V- Wabash Ists ...ill ! lS ia" w,s Antral 4s. 8S5 i iiB-Mnoi1:1-Shorc -10 1931 05i Treasury Statoincut. J SffiTO.V. Dec. 12,-Todays f U 1 fni Ulc ,trc?bi-y balances In tlio 1 res' oxdiislvo of tho S150.000.000 ( f $llM7i S??.W6' Aval ablo ca.h bal- gi?Ji- sold cmincntca. ?54.o:n.rno. |