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Show HOLIDAY SPIRIT IN IE STOCK MKT1 Very General Curtailment of Financial and Speculative Operations Results. OUTLOOK IS EXCELLENT Advance in Copper and De- ! mand for Steel. Indicate Revival Re-vival of Trade. BY HALPH EMERSON. By Leased Wire to Tho Tribune. N'UW YORK, Dec. 23. A holiday spirit permeated the financial situation this week. There was. accordingly, a very general curtailment' of financial and speculative operations. The dally average stock sales fell off 5.000 shares below those of ln-st week, which was a natural sequence of the extra holldny voted by the stock exchange ex-change governors. Last week the" market mar-ket had u flood of favorable and stimulating stimu-lating Influence?. This week It had some, depressing ones, henco Micro were periods of reaction which, however, might have come under ordinary conditions, condi-tions, a-? prices had experienced a good recovery. The rirst blow that "Wall streel received re-ceived was tho Wabash receivership. This, apparently, bad boon Inevitable for some time past, but It came sooner than exppcled. and the suddenness with which It was precipitated made It effective as a market factor. Shares of other Could roads finally fell Into lino and dropped away two to rive points. The effect of this, however, was only temporary, as il is thoroughly well understood that conditions appertaining to Could properties proper-ties arc not representative of thOBo existing ex-isting in other railroad systems. Other events that militated at Intervals Inter-vals against stock speculation wore the ' declaration of only regular dividends by the Lehigh Valley ami the Louisville & Nashvlllo. whereas something extra was expected, and the final government report re-port on the grain cropn. which showed a decrease in yields of 245.000,000 bushels bush-els of corn from the November estimate and 591.000.000 from ihe final yield of 1910. There wa.; no such actual deterioration deteriora-tion in the crops from Novpmbor to December De-cember and the loss was due lo a rc-duelion rc-duelion of the acreage. v-t. ..:.!.,-... 1I llmun .1.-. n-1-.n M.-o llir- IMH I Ulflil IHI lllri llivnu "II "J nn- StOCk market showed considerable re-sistencv re-sistencv and before tho close of the week Lehigh Valley had made a new high record for the year, whllo 1'nlon Pacific. 3teel and the copper shares sold at Mm highest figures of the monlh. Tills was due In considerable consid-erable measure to a feeling of optimism op-timism as to the future of the Iron and steel and copper Industries. Tho steel manufacturers have, at Inst obtained a good control of prices and this week some further advances were made, although al-though they were not as numerous nor as Important ns those of last week. The outlook for Ihe largo railroads with the turn of tin; year Is excellent, and instead of the usual shut-downs over Iho holldnvF. idle furnaces are being blown into blast, and some steel mills not working In the recent past are being be-ing started up. The additional rise In copper metal to 111 on a large business was regarded as one of the most Important Im-portant incidcnls pointing to Industrial Improvement. Next week Ihe world's markets may experience a crucial tost. ft was only a short time since that much apprehension apprehen-sion prevailed as to the tension that was likely to materialize over the year-end year-end settlements, particularly in Europe. This feeling, however. Is passing away. The vohimo of business in the great industries of the country was naturally affected In the past by the approaching holidays. But one point should be carefully re- I mombered because II emphasizes something some-thing which Is likely to be operative In inauv industries for some time fo come. Profits arc small and concessions are being made to secure business. This Is a trulh of broad application, and, eco-nomlcallv. eco-nomlcallv. It is a source of public congratulation. con-gratulation. Wealth is being created whether the manufacturer makes a large proMt or not. ... The stock exchange and all the commercial com-mercial and grain exchanges were closed todav ror an extra Christ inns holiday. The banks hero remained open, but the business done was purely nominal. The markets at Paris and Berlin were open, but lllile business was done. At Berlin the money rato declined i per cent. LIVESTOCK QUOTATIONS. Chicago. By Associated Press. CIJ1CACO. Dec. 23. Catllc Receipts estimated at 300; market, .steady. Beeves, SI .SOfi'SO; Texas steers. $i.20&ri.2ii; western sle-rs. $ 1 .305 0. SO; stoekors and feeders, 3I.25.".85: cows and heifers. ?2 6,50; calves. S..fff7.23. Hogs IJeceiptK estimated at 13,000. market, stendy. Light. 55 . tl0(?jG . 1 o ; mixed. mix-ed. ?.".00rri 6.30; heavy. $3.900.30; rougn, So.'iOfft 0.03; good to choice heavy. ?G.0niQ 6.30. pigs, SL"0iQ .".70; bulk of sales. $I5(&' G.20. Sheep Receipts estimated at 2000; market, steady. Native. $2.50f'I.IO: western. 52.75'il. 10; yearlings, ?l.2r.?i 3.3..: Iambs, native, 51C'C-30; western. $l.25;G.2o. Kansas City. By Associated Press. KANSAS CITV. Mo., Dec. 23. Cattle Receipts estimated at 200, Including no southerns; market, steady. Native steers, ?5.2".'?7iS.75: southern steers. $ J. 50ffi'6.30; southern cows and heifers. $3j.30; native na-tive cows and heifers. $2-73(T7: stockcrs and feeders. 15 G : hulls. SS.iiO'gf a; calv.es, $10 7; western steers, $1.507; western cows. $36?5. Hogs Receipts estimated at 2500: market, mar-ket, "strong. Bulk. $5.S0ifi 0.25; hoavy, 50.206.30; packers and butchers. -VLlOt" (5.30: lights. $f..70fiG.20: Pigs- ?t.2ofo.23. Sheep Bccelpts, none; market, steady. Muttons. y:.a&2.o; lambs, $l..ri0ii6.2o; range wethers and yearlings, 535; range ewes. $2.25(53.75. Omaha. By Associated Press. SOUTH O.MAI I A. Neb.. Dec. 23. Cattle Cat-tle Receipts estimated at 100;. market, steadv. Native steers. S.1(&S: cows and heifers. S.Sfl'S.Tnt western steers, 13. SO HO.-iO; range rowa and heifers, i3(&.fi. jf; canners, $2.S0(&3.00: stockors and feeders, feed-ers, ?3.25fi6: calves. $3.507.50; bulla, stags, etc.. $3.255.10. Hogs Receipts estimated ut 6700; market, mar-ket, steady to 5 cants lower. Heavy. J5.0 ifi G.2t; mixed, 55.0r.fii 6. 0.1: light. J.",.50 6.10; pigs. ? 1.255. 75: hulk, SG.Sa'&.G lo'. Fhcep Receipts estimated at GOO; niar-l;t, niar-l;t, steady. Yearlings. $1.100H.$0: wcth-rs. wcth-rs. J3.50fir4.10; ewes, $'Jfc3.15; lambs. $5.260.25. |