New-York tribune., 1901-12-21
SEX dividend.
RONDS-
THE DAYS OPERATIONS IN STOCKS,

The stock market was strong and active
throughout the day. with substantial net gains
in the active issues at the close. The entire
list with only a few exceptions, showed i'm
provement over Thursdays prices. while the vol
unne of business reflected an increased public
interest in the market Heavy trading again
marked The course Of Analgamated Copper
stock This issue was extremely erratc. but
its final price at net gain as compared
with the closing quotations Of the preceding
day The end of the uncertainty over the Anal
ganated dividend exerted a good influence upon
the rest Of the market, and induced heavier
outside demand than has been noted IN seVeIaI
weeks The fact that call money rates were
firmer did not check the upward movement OF
values The more important advances were
made by Atchison. the local traction shares. 81
Paul, the anthracite coal issues. Hooking val
lev. Southern Pacific and Union Pacific In the
industrial list there was fair demand for some
OF the cheaper priced stocks. such as American
Car and Foundry issues and International Paper
shares.
Although call money rates advanced to 10
per cent in yesterdays market, the position OF
money throughout the week has been marheu
by 2 comparatively easy rate for call 1uhuS'
Higher rates for loans may be MADE IN next
weeks market, but it is not thought IheIS
that acute disturbance will develop Loans
made Yesterday carry over uHlil -NAoilo"'' ~
fhe advance in rates was due in great part TO a
belated demand from stock market borrowers
According to the known movement Of money IN
+ha week the banks have lost upward OF
SO oaOO9O In cash holdings. This decrease, now
ever will doubtless be offset as an lnnuehce
or reserve by a contraction in loans BANK re-
serves last week were protected from the heasy
loss in cash by a big reduction in loans, ana
4,,ara il no reason TO suppose that the saIhe
methods have not been employed this week.
The sterling exchange market was a trlne nrnler
Yesterday but there was no indication OF Iurlhel
shipments Of gold. The position OF the 1oreieh
money market has improved, and the necessity
for further gold exports no longer exists.
Trade reports received last night showed
gratifying conditions in the countrys genera
industries Even the copper situation is IN pet
s.r ebana owing to the decision of the Anal
eran,a+e5 Conner Company to adjust prices TO-
conner TO the actual condition of the trade Inc
Arnalgamated company has evidently Inaoe up
Its mind to wage decisive war against tle
independent interests. Such war ho"e'ei'
oucht not to last long, and as Tar as the 9looh
market is concerned. il has already peeh uIs
ccun-e5. All other trades are on sound basis
with no indication Of imitation IN prices. iiiS
&c narticularly noticeable in the iron and steel
business While the demand for iron eAcSeu9
the supply. there has been no advance in prices
<,o,,, the racen+ level and there is no chance OF
q collapse in the iron industry at present Inc
encouraging position Of trade is evidently re-
ai,-;,,z more attention from stock market trau-
a-s and il is generally believed that prices Iol
most securities viii sell at much hlgher lever
early in the new year
THE DAYS OPERATIONS IN boNDo'