The Montgomery advertiser., 1901-12-21
WALL STREET REVIEW
AMAGGAMATED COPPER FINAL
 LY BECOMES QUIET.
The Stock Market Shows Immense Relief in Consequence-The Coalers Led the Advance and
 Showed Special Strength,

NEW YORK Dec 2o.-The stock market showed its immense relief today from the distuIbing eect oI the recent eccentrcy @ ,,,pI or ther connections in that stock for short time after the opening. but 1t settled down Into a Tor many weeks Between 6e and 67 1t seemed to have arrived at a condition of was apparently due to a drive from the bears who sought an opportunity to cover tner snort Ss % t @ nsp tse net q xan Was p pon
 The statement issued by the directors last night was accepted as proclamation Of a corIlpanies and such cut in the price of the pro- duct would be necessary. This. however, developrents and had been perverted and aggsrated by all sorts of rumors and manipu- lation. With authorized official information auiet tone of the stock offered a remarkable contrast. The solution of part of the mystery forces of demand which have lain dormant in the market for several days past The buy srst,on of tks hish degres of prosperity which is prevailing in all branches of trade The special strength of the coalers which led the advance was due to the reasonable weather for the trade and to reports of possible com ing advance in the prices of anthracite. The the National Civic Federation was factor in the str9Rgth of this group, as the president of the miners organisanon a nas S promnen, as a outbreak of labor troubles among the miners duTing the coming year has been q persistent influence In discouraging speculation in the stocls. The advances ran from about a point up to e2s< in Delaware and Hudson and in nnd ans-continentals was apparently based on the favorable showing which. it Is said, the Union Pacific annual report will make. Reports of adjustment or efforts making to- wards the end of rats disturbances in the West helped the railroad list generally. The bull campaign m the local traction stocks was re- newed under the leadership of Manhattan. The sharD gains in 2 number of industrials were based on individual considerations The express stocks were conspicuous a6 group. Westinghouse Electric rose bouyantly llh and at a reaction closed with net gain of 9. Sugar was heavy on the signs of the renewal of the rate war in that trade. The rate for call loans stiffened late in the day to per cent. but had very little effect on the stock market. Aithouh the banks have apparently lost nearly S2. ooo. 900 in cash during the tic over the money outlook Tomorrows bank statement, 1t Is hoped. viii reveal a large loan contraction although the rise In call money today fails to corroborate this expectation. The fact that tomorrow's steamers are the last on which gold shipments could reach foreign destinations in time for the annual settiements was felt to end the possibility of day of the dividend on United States Steel common, amounting to over SS.ooo, 900. Is expected to favorably affect the money mar
 Bonds were moderately active and irregular. Total ssles (par yalue). S2. .3eo. 900. The United States Ss registered and the old and new As advanced M and the Ss coupon de- clined t per cent on the last call.
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