The age-herald., 1901-12-04
STOCK MARKET IS
 QUITE UNDECIDED Did Not Persist in Any One
 Direction RISE IN THE MONEY RATE Sharp Break In Foreign Exchange Car ries the Rate Well Below the
 Gold Export PoInt--5onds Were Irregular.
RISE IN THE MONEY RATE

New York December 3.-Confusion anu hesitation were reflected in the movement CT stock prices all day, and the course of the market did not persist in enc oi- tectior for any heightened period
 The movement during the morning was irregular, but leaned to the side or oe- pression. which gave way about midday to vigorous upward movement, when the nbstracts of the Presidents message nsde their oppe arance.
 A slump in Amalgsmated Copper and a rise in call money rates unsettled the market again late in the day, as was the case yesterday The sympathetic re- action old not carry the level of prices back below last night, as will be seen by consultation of last rights rrices, which show small net gains as rule. There was some recovery from the lowest due to the covering by room shorts at the last The early heaviness of the market was due to some continued uneasiness over the antitrust views contained in the Presidents message. The general tenor of the message has beer pretty well under stcod for several days past, and what selling there was was induced by the pub lication today. The tone of deprecation of the Es bit of appeal to hatI ed and fear is the public arguments against the so- called trusts seemed to gratify specula- tive sentiment, and to ameliorate the stock msrket effect of the recommends tiun for regulation of trusts. In conse' ouence the dsmsnd to cover shorts which followed the publication of the message carried the whole market upward with consid erable momentum. the prices for the most prominent stocks rising from l to 2 poirts over last night.
 The sharp break in foreign exchange carried the rate we'll below the gold ex- port point and relieved apprehension that further gold would go out this week. This helped the midday rally in stocks, although call money rates were distinctly firmer and maintained above the four per cent level for the most part The rise to five per cent again came late in the day and brought out heavy offerings which forced the rate back to the low level of the day Not much significance was attached either to the late rise or the subsequent relapse. Money was easier in London, Paris and Berlin and conti- mental competition for bills was reported from London. Large applications at the sub-treasury for withdrawal of govern ment bonds on deposit to secure circula- tion is evidently preliminary to the of ferings of the bonds for redemption. The payment of drafts is still pending. The movement of Amalgamated copper con tinued a mystery The stock recovered in the morning although the omission of a customary extra dividend by one of its subsidiary companies was not generally known when the m arket closed yesterday. The renewed &Break in the raw copper market in London to about Saturdays low level seemed equally without effect on the stock. The break in the lower dealings to a new low record at 71h was without explanation beyond the early un- favorable developments which seemed to be ignored. The stock rallied slightly and then became heavy again, but the general market closed firm.
 Bonds were irregular Total sales par value $3,140,000.
 United States bonds were all unchang- ed on the last call.
 New York Stock Market.
 By Private Wire to Murphy A Co