OCR Text |
Show STOCKS STRONGER AT CLOSEO F WEEK Early Market Is Wavering, lmt Quick Rocovery Marks the Final Hour. GREAT PRESSURE BROUGHT UPON LEADING SECURITIES Situation at Washington Now Engages Attention of the Financial World. NEW YORK. Jan. 15. After wavering waver-ing uncertainly In the early part of today's to-day's brief session, tho stock market mndo smart recovery in the final trading. trad-ing. Aggressivo buying, with attendant short covering, resulted in general net gains, some of these extending to over two points. Trading was again very heavy, and in the initial dealings the greatest pressure was brought to bear upon such Issues as Union Pacific and United States Steel. Much of the 'early liquidation was traced to commission houses and doubt-ldss doubt-ldss represented to an unusual degree forced selling for weakened accounts. There is a well-deilned belief in the financial district that tho week has witnessed wit-nessed an onormous amount of selling of stocks by operators -who have taken sc-vcro sc-vcro losses In tho cotton market. Board room sentiment -was very bearish bear-ish at the outset today, chiefly because of .the absence of anything approaching support In United States. Steel and Union Pacific, but tho entire market reversed Its courso later on tho Improvement shown in these and allied Issues. Today's news was favorable In the main, the commercial agencies reporting little cessation of activity. There seems, however, to be a temporary lull in the steel .and iron trade. Advices from Washington and other points Intimate that, opposition to the federal incorporation tax is growing and that the plan may bo abandoned. All eyes arc likely to be focused on the national capltol next week, when important impor-tant developments In the Union-Southern Pacific dissolution suit are looked for. The political contest in England, where general conditions seem much Improved, Is another factor to be reckoned with. Some surprises -wero furnished by the weekly bank statement. The table of averasres showed a decrease In loans of over 57.700.000. but the actual condition changed this item to an Increase of almost al-most ? 12.240.000. Indicating a very decided de-cided shifting of loans .In the last day or two of the bank week. The actual cash gain was over S22.-000,000, S22.-000,000, very much in excess of general calculations. Actual reserves on deposit, other than those of tho United Stales government, also showed a largo Increase. In-crease. The week's liquidation In stocks found reflection In the statement of the local non-member banks and trust companies, com-panies, whoso loans decreased over $21,250,000. United States 2s and 4s coupon declined de-clined k per cent this week. Total sales, bonds, par value, $2,76S,000. Wow York Bonds. U S ref 2a reg.,.1003 111 C 1st ref 4s.. 992 do ref 2s coup.1003 Int Met 4is S2i do 3s reg 1013 Int M M lis 69 do 8s coup 1013 Japan 4s 8Si , .do 4s reg 1143 do 41s . 95J do 4s'coup....'114S K C So 1st 3s... 73i Allls-Chal 1st 5s. S4 I Ij S deb 4s 1931. 913 Am Agrlcul os.. .102! Louis & N un 4s.lQ0 Am T & T cv 4s.l03i M. K & T 1st 4s 993 Am Tob 4s 7S do gen 4$s.... 901 do 6s 107 Mo Pac 4s . SI? Armour & Co4is 91 X Ttys of M Is.. 9 1 Atch gen 4s 1003N Y C gen 3Js. . 911 do cv 4s 118ai do deb 4s 951 do CV as 1191;NY.NII& II c Os.1341 At C Lino 1st 4s 933 N & W 1st c 4s. 9S1 B&O is 991 do cv 4s 101 do Sis 92 North Pac 4s ...102 J do S W 31s. ... 90 do 3s 74 Brook Tr cv is.. S5 OSL rfg 4s ... 941 Cent of Ga 5s...l0SS Pa cv 3s 1915... 96A Cent Loath 5s... 991 do con 4s 10 A C RR of NJ g 5s.l25i Read gen 4s .... 993 C & O 41s T023 S I. & S P fg 4s. S4H do ref 5s 105 , do gen 5s SS3 Chi & Alt 31s... 75 St L S W con 4s 79 Cs B &-Q.Jt is.. 96J do 1st g Is 731 do gen 4s 99 Scab A L 4s. ... . S6 CM & S P g 34s 89 South Pac col Is. 923 C.RI &. PRH c 4s SU . do cv Is 103 do col 5s 1023 do 1st ref 4s.. 948 do rfg 4s 91 South Ry 5s 109? Col Ind 5s S21 do gon 4s S03 Col Mid 4s S01 Union Pac is .,1018 C & S r & c lis. 973 do cv 4s 112 D & H cv Is 101 do 1st & ref is 971 D & R G 4s 96 17 S Rubber 6s.. 1033 do ref 5s 94 U S Steel 2d ns.-lOIK Distillers' 5s ... 74 Va Car Ch 5s... 973 Erlo pr lien 4s... 86 Wabash 1st 5s.. Ill do gen 4s 76 do 1st & cx Is 741 do cv 4s scr A. SO West Md 4s .... S5J do cy 4s scr B, 71 West Elec cv 5s. 92 Gen Elec cv 5s.. 1451 Wis Cent 4s 933 |