The Montgomery advertiser., 1901-12-11
WALL STREET REVIEW DEARTH OF NEWS IN THE
 STOCK MARKET. Upward Rush of Prices at the Open ing of the Session and a Sud- den Relapse at the
 Close.

NEW YORK. Dec. Io.-Thsre was a dearth of news in today's stock market except such orators and the interests they were supposed to represent. The well-defned movements of the day embracing the general market were limited to the upward rush of prices at the opening and the sudden relapse at the close. During the greater part of the day the mar ket was sluggish and irregular and traversed it's narrow range of prices a number of times in a totally inconsequent and dubious manner. The opening burst of strength was the recovery. belated bears rushing to buy, but 1t soon became manifest that the short interest had been much reduced by yesterdays hurried covering. and there was no strong disposition manifested to extend commitments on the long side. The eccentric course of -Amalga- mated Copper threw the market into renewed confusion. After rising to 72%, there was open selling by the brokers whose buying had rad in the stock as they are credited with ally acting for inside interests in Amalga- mated Copper. The consequence was that that stock commenced to sag again in irregular way until 1t had dropped down to 6e. The price then worked it's way upward with occasional reactions to a high level of 74A, representing recovery of over o points from Saturdays low level for the stock. The general level of prices affected hy all of these fluctuations, but only to moderate eX-. tent. the effect being more to discourage op- orators whether for the long er short account. There was some individual points of strength. notably in the Vanderbilts, with large demand for New York Central and a number of less prominent railroads and industrials. Included in the latter class General Electric, American Smeltlng, American Car, Hooking Coal Peoples Gas, Consolidated Gas and in- ternational Paper preferred. The tone of the money market was much quieter during the day. and there seemed a sufficient supply at 5h96 per cent. but late in the day belated borrowers caused furry to 8 per cent. by their urgent efforts to cover their wants and the stock market made an immediate sponse, the whole list dropping suddenly to the lowest of the day on greatly increased dealings; Anal algamated Copper fell back to 69ls and closed with a net loss of about point. St. Paul and Manhattan fell rapidly. the former declining 2%. There effectual rally in the market and the closing was heavy at about the lowest. The sterling exchange mar ket continued depressed. and there is not much likelihood of gold exports while money rates hold stiff. A deposit at the sub-treasury of $500, 900 for transfer to New Orleans shows the, interior pressure for funds. The heavy profit taking of the day in the grain and cot ton markets gave hope of some money market relief by liquidation in that quarter The heavy withdrawals in the money market by give cause for uneasiness and there gen eral expectation that the Secretary of the Treasury would announce the immediate pay ment of the Governments interest as a meas of relief The announcement of action in his matter came too late to help the mar ket today.
 The railroad bonds were quite diversified, but sales. Tar value, S4.I 10. 900. United States bonds were all unchanged on the last call.
 Money and Exchange. NEW YORK; Dec -lo.-Money call firm at s1sass per 'eeRt'; last loan at 6; ruling
 Prime mercantile paper. 4ha5 per cent
 Sterling exchange heavy with actual bust,
 and at 4.s3% for 60 days; posted rates, 4e+1s@4,s5 and 4 se.
 Commercial bills. 4S3Q4.9 93h.
 Bar silver, 54%: Mexican dollars, ASA. Government bonds, steady: State tonds
 weak; railroad bonds, irregular.