| Show r Financial and Commercial TOCKS STOCKS CONTINUE i TO MOVE UPWARD Week feek eek Closes With Strong Tone Tone Best Best Gains Made MadeS by Specialties S VALLEY FAVORITE i f t Trade Trade Reviews Show General Improvement in Business 4 During Week leek I York Dec 16 A A strong strong- tone developed In n the stock m market today after atter early hesitation The Tho nt movement caB as of ot a substantial character al although al- al hough though gains grains at tho the end of or the day were cere cre not large Lehigh Volley Union Pacific Erie Eric second preferred United tates States Steel American Smelting and a aCV few V ew of ot the specialties made the best rains Cains aln Valley was unusually active und nd supplanted United States Steel Steels 13 s the he market favorite Tho The price was marked up 2 to In connection with rith the report that at the annual next month plans plane would benade bo be made nade for segre segregations of or the assets nd ind an extra distribution among amone the X Predictions of a large cash train gain gln by he banks this week were borne out by tho clearing house statement the actual gain amounting to nearly nealy 9 The most roost striking feature of he report was wa tho loan Item Iem which In I ho he average C table showed a n decre decrease e of ot and In the te actual statement an art Increase of ot nearly The change reflected the tho heavy demand for tor forcash forcash cash at the end enc of the tho week which probably was duo due to stock exchange requirements and anc dividend payments Improvement In business went on during durin the week according to trade While the Increased activity n the steel trado was the prominent business In other othor directions ad been leen stimulated by the tho holda holiday dc- dc and nd V Tho bond market marl et was firm and ac ac- ac- ac tive Total sales par value 11 1 United States lost Jost i 1 on call cal on the f GRUN x D A PROVISIONS Chicago Dec 16 DespIte Despite helpful news from many sources better beter hardest harest har har- dest yest est weather eathor In the tho Argentine sent the t wheat heat market today to a lower level level u The close hero was cas easy at atc c to jc c Under under under un un- der yesterday Corn finished a sixteenth sixteenth six six- t to c hl higher her than last night oats oats bats a shado down dow and ho hop hog products l unchanged cd to lOc lower i ir t r t Part Partly offsetting the tho Improved el weather ieather for tOt the wheat helt harvest est har In Argentina Ar Ar- s gentina were reduced estimates of ot tho the c surplus which would bo be available for 1 export from that countr country The bulls buls obtained some encouragers encouragement en ont t. t too from the fact tact that receipts of or spring wheat heat this side of the Canadian line lne were ere lighter than a a. year ear ago q a but the arrivals at Winnipeg told a dif dif- terent frent rent story being quadruple tho the figure fig fig- c ure ure of at a year ago Not Zot only hero here but butt at t Minneapolis Omaha and ad ad I Kansas City Ci millers miers were buying Between S the opening and the close May fay Ia ranged from I to with wih last sales at nt I a a loss of ot lo o net Rough weather over most of ot tho the corn bolt belt bel had a bullish effect on corn 1 May fluctuated from c to lie closing clos cbs In log ing steady a n shade net higher at GUc Cash grades were not fn tn freely ely ly offered No 2 i yellow low brought for lor ne' ne new Though firm most of ot the tho da day with corn the oats market drooped in tho the end and as a result of at the downturn of ot wheat wheat Top 1 and bottom prices for tor May were tc and 48 c. c with tho the close coso at t the last named level a net decline of a a shade C Provisions wore a a. little disposed to sag sg owing owing to the possibility of ot tho the action acton of the British government In shutting out bids from the larger I American packers might lead to a similar course b by other nations As a result resul pork tonight was to lOc less expensive but lard and ribs hadnot hadnot had hadnot not cased eased off or beyond 2 e at al tho most roost L Leading future tt no d B o B follows WHEAT 1 L I J Closing taT May D 19 S- S 19 U 54 19 94 Im ImD 91 Jul July 4 9 SI iI H CUI CORN CORN- 1 It Lowest I Closing De 63 MOT May MI IC 64 6 IC 6 16 Gi July Jul t Gl 4 ac OATS OATS- OATS 11 I CloI Closing Dee 47 i Mi 14 4 43 49 n 43 July July 45 15 I 45 4 Per rouK-Per Per bbl l Lowest I Cloning May I It I f Jol I I 19 1605 I I 1605 10 LAUD l Per LAItI-Per r Ill lbs JI Opening Lowest I CI Cloning ice JAD 0 May 1 9 I 93 I 9 3 July July 94 1 94 4 9 SHORT P HUS-P Per Per r 1 30 lb Ib IOp nID 1 I Closing J Jan n. n s so 80 o 8 S 11 20 1 5 I SM I E 8 CO M COCash MI Cash quotations w WHO were rc as I follows floor Dull Dull rany sy l winter patent tent 3 s spring patents 57 s 4 nM bakers 3 75 Rye Rye Reo No 2 2 Barley reed Barley Feed or mil In fair tar to choice malting I. I Timothy Seed d CIO Pork Pork Per Per barrel ball I Per Pcr Per pounds Short nibs Sides loose IOe 75 GI STATISTICS Total clearances of ot wheat MIl anti flour nour were UC p equal to Primary receipts were 4 compared with wIh the te corresponding day a 0 year ag DJ ago Estimated r receipt for tor Monday W Wheat 1 12 cars car corn core orn 19 15 c can ars oats HO ran ears bogs bu bead heid t u t l i s c 1 q a c S In FRUITS New ew York Dec apples dull dul n r. r 0 Oa 03 the Ibe pet faner Ar re quoted at It 10 10 choice f 9 prime 5 m. m V Prunes Firm with very light from the he const coast Quotations 6 11 for tor up p to 50 40 and 10 fur for Or ol steady ady hol phoice extra ex tra t. t choice fancy Peaches in poor pr demand demond but steady Choice nun extra choice l J fancy 12 C 9 11 la JLII are arc ip D a n position with prices steady teady Tose 3 choice to fancy seeded 7 US s seedless l 6 7 London layers 14 METAL lLUU ETS ew cw York D Dec 18 T. 1 t tal markets markers were quiet and nd practically non norf non IL L as es D usual usail In the absence e of exchanges abl Lake e copper fin J 2314 ca asting U Tin Tin Tn Lad 4 40 Ur Spelter g 35 3 Antimony 7 77 75 I Iron NEW YORK TOm DANK BANK STATEMENT New York Dec 16 The 16 The statement of clearing house banks s for tor the week shows s that tho the banks hold reserve In excess execs of at legal requirements This Is la an Increase of In ii e o the Proportionate cash reserve as compared with last week The statement foiL lot fol lows DAILY AVERAGE L Loans Loan Decrease S Specie c e. e Increase e L Legal fia tenders tenders- tendo Increase N Net deposits deposIt Decrease CI Circulation B Banks Banks' an s' s cash cosh reserve In Invault vault Trust rust companies companies' cash re resene reserve re- re serve sene In vault vaul Aggregate cash cah reserve Excess lawful reserve Increase Trust companies companies' reserve with clearing house members carrying 25 per cent cash reserve ACTUAL CONDITION Loans Increase Specie V 2000 Increase Legal al tenders Increase nerease Net eIt deposits Increase Circulation 50 Decrease 1 I. I D Ban Banks Banks' anks' anks s' s cash reserve In Invault invault vault Trust companies companies' cash re- re servo cne In vault A Aggregate gre ate cash ash reserve Excess lawful reserve Increase Trust companies companies' reserve with wih clearing house members carrying 25 per pcr perCent percent cent cash reserve Summary of ot state banks and trust companies In Greater New York not re reporting re- re porting to the clearing hou house ouse c Loans Decrease 1986 00 Specie Increase JOO LJ Legal nl tenders 4 3 00 In Increase rease Total deposits Decrease New York Dec 16 TIle Tho Tho Financier will wi say A further recovery In cash due duo to receipts from the tho Interior and special operations brought about an Increase of In th the ox excess cess reserve account account account ac ac- ac- ac count of the New NewYork York clearing house banks for the week ending Saturday the present surplus above the 25 23 per perc percent percent c cent nt minimum standing at Loans after a continuous contraction which has 1105 ha amounted on the tho present movement to something like showed an nn expansion for tor the tho current current we week l of and this tills to together etler with the tho gain of In cash re resulted re- re suIted suied In an aZ addition additon of tonet to tonet tonet net depositS The Increased reserve requirement duo due to large deposits had hod the tho effect of counteracting in part the cash aln gain but as ns already Indicated the thc surplus surplus' rose nearly nearh It I will wi be realIzed realIzed realized real real- therefore that fears tears of money mone stringency and the probability of or gold Imports are arc temporarily at an on end end The separate report of ot the tru trust t com corn companies companies companies' panics of New York for the current week showed very er moderate changes l loans having expanded exp ded approximately S 82 and cash a n little more than Net deposits deposit of the trust companies fell fen WOOL l A St. St D Dec c. c 16 WoI ll Wool t medium Lui and nd clothing rin line grades combing combine t rM fine tub reaped t 1 iS heavy heRTT 3 T c QUOTATIONS n. n I 1 I 0 d. d 7 6 e U u uA A Am Agricultural 1 5 Am 1 Beet sugar c 7 Am Am Can lCt E 10 55 54 Am Car Am At t. Cotton on 10 10 t U H 44 I U 44 Am hide J jeather Am Ire Ice k IS tm m CO 3 r 91 Ani Am i 4 ie 4 74 1 l JO Am teel 10 i Sager tm Tel k l Te 10 Am Tobacco preferred l i m olen 0 00 27 io 10 2 Anaconda Mining CO 1800 9 e. e 1 1 I io Preferred ol 10 least Line LID 10 1 A Ohio 21 2100 jo IO Bethlehem St d lo 9 21 Rapid Transit 2 2200 i 1 77 i Pacific COO O IO C 4 Central Leather Jether 00 5 Central ot of c yew Jersey Ohio 74 it 74 Chicago o k Allen Alon 4 Chicago Great estern 19 i. i 31 31 ChIcago k Chi Chic Sill St. St laul 6 W ui jj iii 13 C. C U UI C. C St St. L. L WU U 1 Colorado Fuel I Colorado k Southern 1 2 4 Consolidated Ou Gas In 1 iss ir Corn Com 2 it 13 it Delaware 3 hudson Hudon 3 l 10 1 Dearer DenTer RIo Grande 15 4 2 Erie lre Securities 2 I 3 33 44 1 3 10 preferred 11 53 3 3 21 r 43 43 U 43 General rl Electric 7 20 t 4 its Ors Great t Northern Norther 1 70 1 Ir lc 1 JS Great ore 12 36 35 36 Illinois Central ore 10 I X lL 10 15 1 15 l U Preferred 0 43 1 45 4 Inter 10 11 Inter lar Paper r Inter Iowa Iown Central 50 1674 16 16 Southern i is CI 6 Icle Gu Gas 10 10 ios ia io Louisville me k Ic 1200 l le G IZ Minneapolis St. St Llis IS 33 2 31 I. I St. St P. P 1 t S. S S. S t. t 30 IJ Kane Kane-ic Lc Texas Tens 00 30 29 30 Preferred o 3 I 30 National UI BIscuIt 1 NatIonal R onn Jad ts 1 53 I t Ity HT ot of t 1 1 R 34 33 3 3 E 64 New e YorI Central COO 10 N. N Y Oat Oot k Writ 49 40 33 30 2 t 1 l 3 10 3 North AmerIcan l' l 7 73 r Pacific hell 11 ii 18 si 31 n al 30 its 3 l 1 lii 2 Ins Gos 1860 15 1 P. P C. C C. C St St. L. L Coal IS is' Steel Stee Car Z Pullman lalace Car Cor lj Railway Steel Slee Spring 10 GS l 30 0 Republic Steel t el 25 ts' ts 25 1 2 flock Rok Co 25 S 25 8 25 S s 2 C 1 St. St I. I I. I 1 S. S F. F 24 td IC 41 U n 41 St. St Louis Luis 10 4 2 l Preferred 1 3 S. S S. S Steel k Iron 4 2 i C 41 Southern Pacific SO 13 13 13 Southern Railway oo j 72 11 il 71 Y e Copper 33 33 37 Tess Pacific 10 3 3 2 Tel I. St 1 14 W. W 35 l 15 j 1 ll 37 WiS 1140 United States lotu Realty G Pulled States Rubber Rubber 11 45 1 United States Statu Steel 68 65 G lii C 6 Utah Copper 10 11 5 4 5 11 53 1 54 Chem SC Sl 54 Wa uh IC 80 j 7 7 H. H 61 Preferred 40 16 16 U. U 1 W EI tle CS 67 Union SO 60 C 10 i 80 c lol Lake 10 S Lehigh alley 1 1 r ulc for tor the the day dl bae shires LIVESTOCK MARKETS T Chicago Dec IS Receipts Cattle Cattle Receipts estimated at a 40 Maket steady Beeres leen Texas Tens steers western steers er 6 G Mi feeders 3 SO cows and arid heifers helter 1 calves calTea 6 iSSO SO r IT U estimated At t 1 0 KWO 1600 Market Yakt a slow low l w. w Light LIht S. S felS mixed S GO hll beary 5 S tUb rout r. r good o to choice hc heavy Gl C 6 0 10 O 11 pig 4 60 bulk hulk of ot tales sales 40 6 25 Sheep Sheep Receipts ulma at l iSCO SC Market weak wuk o hI 10 W Western 2 40 yearlings 4 i iamb n nUIe 4 western ec 4 25 r 10 Kanu City Dee Dec 18 Cattle 3 Including Tb TIU no Hout herns Market steady atiee athe steers leerS stteN G. G southern fouther SteeN e. e 66 southern cows and arid natie nahe cows ami md hollers stockers and feed teed Gf en N 3 bulls bulli bul w western stem steers 46 wt l ico OO J Receipt j i 7 V Market steady Balk of ot t sales 1060 C. C Gl 63 30 packers and Id nd butch butchers batchers lights 56 pigs 4 4 2325 I Sheep b bep Receipts none eerie Market Markt steady Muttons Mut tons ton ons SO O H-O 00 iamb larul range nogo rI and 40 O range ewes ew U 00 40 Omaha Neb Ib Dec Dc D.c. 19 Receipts Cattle CAttle Receipts 10 Market larket stO steady HI tl steers era 00 cows nod rid heifer 75 western steers steer steer CO ango rno cows and canners 2 76 63 CO toke stocker dockers aol and feeder feeders calves bull bUl bulK stars tas ft etc 3 5 rans Ho HOn Receipts Market steady Heavy mixed C C CS light Bcd p pUs s. s 4 bulk buk of ot Mies salee 5 Sheep W L. L Market steady Year Year- Hog togs 4 M 0 3 riCO ewes 0 36 lambs r. r tS BUTTER DUTTER nUT CHEESE AND EGG EGGS New tW York Tork Dec 16 Botier Batter fr V ry firm ln creamery crumer specials pedals 36 extras etl 55 firsts 32 3 seconds 1 Firm Cheese rinn weekly export SOO 50 boxes bores bu daisies dAisIe fall tan eel and early bet best l t 4 skIms 13 1 6 Firm Eggs Firm fresh extra I extra stra etra firsts tInt 58 38 3 firsts first second ta f 30 refrigerator first local Joal storage charges charge paid 3 is do lero seconds d. d do thirds third faI Dee Dec IS- IS Steady butter Buter Butter Steady creameries lWi dairies Egr Steady To 1936 ease cue cases At m meek ruark ruc es 1 firsts tints 25 Z prime rl tiNt nUs SM Cheese SteadY I Steady lr S 16 twins iS 15 young lOUD Americas IS l IG long hor horns 15 lS i 16 16 OP OF TIlE THE TIE TREASURY Doc At a.-At the tte te beginning of ot business U today lbs condition of or the United Stales StoL treasury w was s Working balance In 10 offices orrel ID 10 u tank banks ban and Total general fund 90 Receipts yesterday Disbursements DIsbursement Deficit to date this fiscal year D Deficit tide thU tb tm time year oa er 11 r rh fIgures exclude canal raDal sod pub pub- Jle lie ic debt transactions COFFEE Act n. Now ew York Dec Coff Coee CoUl e closed steady net ne et fire the fl po poInts nU lower or on n January January Tu but to sir trials s unchanged higher o on other m months month December January 1333 US February an 13 re 13 Starch March arh 1316 11 Api Spell April 13 2310 10 May ilay I 1 June Jim 1303 July au suit nud august IV 1302 1303 10 JIe 1 Aut Se Septem 13 1303 M October r an and November 1302 Sf-ot Sf S t quIet No i. i 1 Santos n. n 4 ll mI mid cof- cof 0 Ice tep Cordova Conlo Raw nominal mu ts n t test t f 4 4 1251 centrifugal gI M 96 test teat tet s. s sugar 59 9 te test 1055 t. t 41 1 s NEW V Tonic New 1 York Yort D Dec l 1 e. e wInter 4 70 0 JouSted 41 8 spring vinier spring 4 1 whiter extras No 1 3 prID rica I. I 3 j vinter u. u t tri Ira o. o 2 2 3 Kansas Kasu straights e. e 4 70 SP t t barely Al 1 steady 0 o. o 2 red 56 S tails basl and export M 15 t f. f o. o Li bo float float- No yo 0 1 northern Duluth 11 r t. t o o. o o b. b l. l J- J alost afloat V Tho rho market maket was wu easy UT early erly on Cn o the the tables cables and sad of ot more f Tor II tlc reports Weather lo to Arson tins but rallied n net t Dt Do- cember to closed 91 9 May Closed cOe unchanged NE V B MONEY 1 New York Hoc Dec M on call f firm fur for cal rime Time loan loa sixty and nd lons for tor or ninety danIaN dan dars IaN 1134 r per r cent nt r for su sit ll j ii cent pr lr paper 4 per r cent exchange ol study telti actual bul buil r. r In ID ban en bi bIlls at a 4 3 wih r sIxty day bIlls nd md at 4 Cur tor bis Commercial bills bil 4 blat ar |
