Show WAll STR STREET H 1 I I RES RESISTS IS POWER I I Prices of Stocks Sto ks Advance in Face of Government Crop Report I I I NEW YORK July Jul 9 Prices of oC stocks advanced today in the taco lace of the showing of the tho government crop report on spring wheat wheaL The stock market markel thus demonstrated the tho resist resisting lug ing power it has developed by the I II course cours of o liquidation of weak specula f I I tIe accounts to which it has hns boon been subjected and by b the tho building up of oC a n short Interest of sufficient dimon j slon ston to afford aCCord an effective tire Uvo power by Its It necessities Tho The compensating advantages 8 of the good promise of Uio Ule winter wheat and the news of oC showers today in the Ule stricken territory did not prevent sen son sensational advances In the price of the tho th cereal Outside the wheat wheal market I tho the stock market markel had the corn crop I I promise prom Iso as an additional factor f of to consider The crop J I report as ab a n whole however ho ce r was waH ad all allI 1 I an unfavorable factor on stock market markot values and was disregarded disregarded I I Only fractional portions of the tIme days dars extreme gains were sacrificed s I in time the taking of profits by b tho room toom roomI traders I The bank statement showed wider discrepancies between tho time average a i and the time actual changes that has hag been disclosed since tho time double showing shoeing I j I was instituted Tho The decrease in the tho average surplus reserve of WitS wag transformed in to answer IC de decreased I creased compared with an nn actual decrease og The m statement s indicates a shrink shrinkage shrInkage age of oC In lu cash holdings while tho the actual gain reached I 1 Tho The deposit Item Itom Is If the only I one that shows approximate corre correspondence correspondence In the heavy heay decrease Tho Thoi i week also witnessed a very heavy hoa I j drawing down of the deposits of the i Institutions outside the clearing house which include the tho trust companies i I Bonds were steady stead I Total sales par pam value United States bonds were unchanged lUchan ed on call during the time week weck CHICAGO WHEAT CHICAGO CHICA W IO Jul 9 There was less buying of wheat on the tho part of eleventh th hour Investors today than seemed Deemed to have hao boon expected Profit taking by longs and cover coor lag ing ng by shorts made up the tho bulk of or business through what has not often been equalled on a n short day Light I but Jut widespread rain In the northwest the drought has been worst i I I lid hid much to temper tho effect of the tho government figures Forecast of cool cooler er or weather had I a similar Influence I I Cash wheat what buyers failed to follow i ithe the advance adv nce but bui bu millers said sold the flour trade had been helped The govern goorn government ment report T port was Interpreted to mean bushels less wheat in tho the I Dakotas and Minnesota than a month I ago A l sharp bulge In Liverpool was largely responsible for the time general buying at the outset One Ono of tho time re results results results of oC bass basis of prices was to stimulate offerings of wheat from the tIme country notably nota l Illinois and auth the tIme southwest There Thore was WillS one cheerful note A dispatch from Texas said threshing there was as about completed with the best yield In thirty years cars carsI I September ranged from 58 to toI I and closed 2 58 up at 18 to 14 I Pressure of selling In corn was di dl directed directed chiefly against December and May Ia option September fluctuated be tween 60 58 closing 18 iS lower at 60 3 H Ci 1 The cash market was easy After Artera a general rush to cover outs oats leaped into a local scalping affair September the tho high and low points of tho the da were 10 and 38 38 35 and nn l time the close at 39 58 S which was is 18 above last nights final prices Hog products were vere sharply higher early and outside packers came came on the market as heavy heny sellers hellers All that v was as maintained of the advance a de do demaud I maud waa sas wa an au average of or a nickel i I l Bank Statement I New Now York July 9 Following Is Js the tho clearing house bank statement for fOl tae Inc week 5 days Loans decrease ase fl 7 Deposits OO decrease 23 00 Circulation increase r Legal tenders de do decrease i crease I 1102 00 Specie OO decrease 11 Reserve Res le I decrease i I Reserve required de do l i crease Clease 00 Surplus 11 decrease 7 I I I I I I I II I I I I I 1 t I I ExU S deposits de decrease decrease e crease 64 OO I Chicago Livestock Chicago July Jul 9 Cattle Receipts estimated at market steady stead Beeves O Texas TexaN steers alters 4 western steers I II stockers and feeders Cows CONS and heifers helfers calves 50 Hogg Receipts estimated at market up Light mixed 12 heavy r rough good to choice heavy pigs pips cf bulk of sales I Sheep Receipts estimated at 1000 market steady stead Native Nath 28 Test cst iu H J I GO lambs nativo western 79 I I Sugar and Coffee New Now York July 9 firm mw 89 SO test 3 asi 83 con cen centrifugal cn 96 DG test 4 33 molasses e su mum sugar gar 89 SO test fest 3 58 uS uSHe Refined He ned quiet crushed cru hed granulated V fl 15 powdered 25 COFFEE Spot quiet No 7 Rio RioS I IS S 8 73 78 No 1 Santos 9 38 3 8 f fI New York Money Moncy MO CY I Ir J w i r V kl b r sL L 1 V ro rot New York ork July Jul 9 Money lo on ll call nominal 1 f i a Time loans very ery 9 g u o i h I I I J dus d ays a 3 tI 12 per pcr cr cent cont c nt IHnet race days da d ays 8 44 4 l 14 POP 11 cent al months 5 Ij 14 per her cent LONDON WOOL I 0 LONDON LONDO July 9 Tho fourth I Iries Ide r p ries of or the wool auction alo talo will b opened July Tuly 1 12 and amid f e closing i scheduled for July Jul 27 i h Next XI werk ck bales balos bal s will bo be offered ferel ferelL L 0 HIDES NEV NE EW YORK Jul July 9 Hides easy JaR Central American mericI 21 Bogota |