The age-herald., 1901-12-18
STOCK MARKET
 GROWS PRIMER Closed With Net Gains in Num- Der of Prominent Stocks COPPER AGAIN O0MINENT law Copper Market In London Re. ported Weak and Shares of Com panIes Everywhere Depressed.
 Money Market Is Quiet.
COPPER AGAIN 0OMINENT

New York. December 17.-The under pne of the stock market was decidedly Inner today. growing into strength as he day progressed and the closing was hirly strong with notable net gains Ill ! number of prominent stocks. The spec llation was almost entirely proiesslonai md was repressed in it's nature wlth | disposition to caution about encroach- ng on the limited money supplies
 Amalgamated copper maintained its lominent influence on the market and its ncessent fluctuations had some sympa- hetic effect always, but the effect was hore marked on the upward range or rices and the gains established in the leneral market were yielded stubborn E when Amalgamated copper reacted. The stock touched 601s soon after the pening, a decline from yesterdays clos hg and low record level of 12s. The raw ,opper market in London was reported keak and shares of copper companies sere everywhere depressed. Some vio- ent declines were reported from the sostun Stock Exchange. Opinion as to he next dividend continued pessimistic, he most favorable forecast of Thurs lays action. naming a-3 per cent.
 Tho recovery in the stock was appar- mtly based on the rally in the raw cop Ter mark tt in London. The rally ex- ended further in futures which were llso more largely dealt in than in spots, hus increasing the premium on future deliveries of copper which developed testerday for the first time in almost hree months. Amalgamated touched a% and after numerous fluctuations be- pw that point closed at 6S1s. net gain if 1%
 The money market was very quiet, re- lecting the cautious tone of the specula- ion. Call loans ruled at per cent until ate in the day, when the placing or esidue carried the rate lower. Sterling Kchange was called strong, but foreign tankers express the opinion that there no likelihood of further gold going out nfore Jan. l. The requirements at Der In have been met according to the indi- Ation of the strong weekly stat cement or he Reichsbank. The demand for ex- hange is for remittance on account Of in- crest and dividend obligations to foreign lolders. The sub-treasury made large Myments today on account of the an- lcipat ed government interest. There were 10 deposits for transfer to the interior.
 The transcontinental stocks were prom hent for strength and apparently thrived In the passage of the isthmian canal reaty. The argument for a permanent hjunction in a suit to restrain the retire. nent of Northern Pacific preferred had Is effect on them, and they rose in the hce of somewhat alarming reports of ate cutting among western railroads in Aeded in the community of interest. fhich were apparontIy 1ntss,aad for vtner han Wall street consumption.
 Cuts in the price of petroleum, sugar, had and linseed oil had a depressing eff ect on securities of companies in those rades. The pressed steel car stocks were leavy on reports of an opposition com hny to be organized. A very active de- hand for the Southern Railroad stocks eveloped late in the day and helped to nake the closing strong. Rubber goods referred fell 4 points with point rise Long Islantl were a feature.
 The bond market was moderately &C., I've and irregular
 Total sales, par value, $2,63O,000
 United States coupon 3s advanced B. Ind the refunding 2s 1s per cent. The 5s oupon declined A per cent on the last hll.
 New York Stock Market,
 By Private Wire to Murphy & Co.