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Show ;alL STREET ABSORBS THE HIGHER GRADE OF STOCKS it, Gradual Buying Holds the Market Steady; nD Review of the Week's Operar '"I S ations. Off i4 ,'v, IJll. r. There wore ln-ti ln-ti :oi ay of vl Mondy nlworptlon of yjvf ' j.grado stocks, such aa has beon t for aomo time past. Offerings fBj isstons were accepted readily, but t was made to force up tho list t jVely. It waB the snmo quiet, buying which lins hold the mar-52 mar-52 idy recently In tho face of unfa-J unfa-J : Influences. The Improved de-k de-k cently 1h taken In aomo quarter5 " 2 idlcatlon of largar Invcatmont pur- such as la alwnyo looked for lift .this time of the year, but has ? bnormally small In the last two QChl onlv movements of consequenoe fccurrod shortly after tho opening ; declinea In some of tho favorito itmtu 'Btlmulated buying and the lint ickly placed well above y&sterdny'a Then came a recfSBlon on which were cancolod, And tho market . ,, ' ter barely moved. Kigh the poor pronpects for tho MlnSj it&tement havo aroused oome ap- prehension, Um sh.wliifj proved excep-t excep-t onallv .strong. Th cah Io of loss than J3.000.000 was Hmaller than looked for. The moat strlklnK change, however, wu3 a contraction In actual Joans of $51.-311.000, $51.-311.000, which ahowed the extent to which the bunks had gono to correot the pobI-tlon pobI-tlon disclosed loat week, and fully ox-plained ox-plained the tightness of tho money market mar-ket thlH week. Reserve requirements wore reduced ho eharply that, In spite of the cash loss, last week's deficit was converted con-verted Into a surplun of $7,045,000. Bonds wore atcady. Total sales, par value. $1,090,000. United States bonds were unchanged on call on the week. Review of the Week. Increased strength and activity this wook, despite unfavorable factors, dom-onHtrated dom-onHtrated the liquidated condition of the stook market. Tension prevailed In the monoy markot with ycar-ond settlements otlll to come, but easing of money la expected In January. Strict limitation of capital Issues promises an accumulation wnloh may be expeoted to stlmulato Investment In-vestment demand. Indefinite postponement of the now Fronch loan, owing to tho French ministerial minis-terial crisis, obscures the prospect for unlocking capital. Octobor rnllroad earnings show a progressive decline In net, and omphaslze that factor In credit Impairment, but strengthen tho railroads' argument for higher frelghtB. Steel trade authorities express hopefulness that contraction In biiHlneBS, whllo still Improving, la near an end. Reports of Increases In the number num-ber of unemployed accompany the business busi-ness contraction. Possible Legislation. Anti-trust references in the president's messngo wore Icrs drnstlc than oxpocted In sromo quartors. Filing of government suits weakened tho stocks Involved, but wore without genera Influence. An Important Influence In tho financial situation lo the probable early enactmont of currency legislation. Banks wero less disposed to precautionary precau-tionary restrictions pending the coming changoa In reserve requirements. Novembers No-vembers sharp shrinkage in customs receipts re-ceipts Indicated that Imports havo not been stimulated ns yet by tariff reductions. reduc-tions. Meantime tho sustained volume of exports contlnuos to pllo uD banking credits. F'ents In Mexico lessened the markets fears of a violent rupture of relations with that country. New York Bonds. D 3 rf Ss reg 7 K O to f 5, . .. m Jo 2i coup P7 It B del) s If 31 ... D do 2b reg J02H Lou & N'ah Un 4 . 92 do in coup 102 Mo IC & T lat 4n .. 87H 6 re 1114 do gen Ho Sl do s coup 110V4Mo Paclflo 4 C4M Tanc Ji coup fa do conr Sa 77 Amer Aprl ts 07W N'at IIt Mcx 44i .. 76 Am T & T or 4s ... .l N T O 0on 3 .... 61 Am Tob 6 ncy, do dob n J7V4 Anaour & Oo 43 .. SS Nor I'iclfic 4s ... D2' AtchUon sea ts .... 93H do So DiH A O 4s tOSi O 8 L rfdc 4s SSU Jo 3V4 M'4 Hradlnj; poa 4 .... P3'4 Chtti & O 4Ha 91 St Lou & S F tg 4s. 70 do conr 4'4 77 do gen la 63W. CTil & Alt 3V4 61 So Pacific col 4s ... 87 C H ts Q Joint 40 .. B4 do or 4n ?J do ra is BOW 8 P R It lit mf . 89 D & II O mi In .... C?4 Ua Pacific 4a B4 III Coat lat ref . S94 do ct 4 MT4 Int Met 4Hb 74 do st ref .... Pi lot M M 4s S9 U B S 24 Cs t94 Japan 4H' SSH Wab lat ext It CO Bank Statement. NEr YORK, Doc. 6. The statement of tho actual condition of clearing house banks and trust companies for the week shows that they hold $7,045,150 rcservo In excess of legal requirements. This Is an Increase of SS.641,100 from last woelc. Actual condition: Loans $1,S59.SOS,000 Decrease 61, 314, 000 Spools 310.7tJ8.000 Docreaso 2,229,000 Legal tenders 70,223.000 Docreaso 6F.5.000 .Vet deposits 1.680.040,000 Docreaso 50,184,000 Circulation - 44,763,000 Increase 3,000 Banks' cash reservo In vaulta 324,659,000 Trust companies' cash re-servo re-servo In vault 62,432,000 Aggregate cash reserve 3S6, 091,000 Excess lawful reservo 7,645,150 Increase S.641,100 Trust companies' reserve with clearing house members mem-bers carrying 26 per cent cash reservo 44,410,000 Summary of stato banks nnd trust companies In Greater Now York not Included In-cluded In clearing house statement: Loans $ 559.678,000 Increase 642,000 Specie 61,376,300 Increase 399,700 Legal tenders 8,122flOD Decrease 13,700 Total deposits ,. 608,002,100 Decrease 3,739,700 Tsevr Tork Money. NEW YORK, Dec. 6. Call money, nominal; no loans. Time loans, Arm; sixty days, 65 per cent; nlnoty days, 6iQ)5fl por cent; six months, 5 per cent. . Morcantllo paper, 5i36 por cent. Sterling exchange, firmer; sixty days, S1.S1; demand, $4.S5.30. Commercial bills, $4,801. Bar silver. HSIc Moxlcan dqllars, 4ic Government bonds, weak; railroad bonds, steady. Flax, Oats and Bye. ' MINNEAPOLIS, Doc. 6. Flour First patents, S4.101f4.40; second patents, $3.90 !84.20; first clears, $2.53.05; seconds, $2.650'2.S5. Bran, unchnnged. Corn, No. 3 yellow, 65fr88a Oats, No. 3 while. 3Si9382o. R'yo, No. 2, 5 4j(756sc. Ffnx, $1.40? f??1.44ic Barley, unchanged. |