The age-herald., 1901-12-14
STOCKS SCORE 4 NOTABLE RECOVERY Market irregular During Early
 Portion of Day MUCH UNEASlNESS IS FELT Weeks Liquidation in Grain, Stock and Cotton Market May Have
 Effected Reduction In
 Loan Account.

New York. December 13.-Stocks scoreo quite A. notable recovery in today s mar ket. The market was very irregular our- ing the early portion of the day' anu Ui9 tinctly weak in spots. This WIS uue 'o the residue Of uneasiness comins oFei from yesterdays events, ana the rear that money stringency would develop our- ing the day incident to the carrying over of loans until Monday. Borrowers on call paid as high as S1A per cent early III the day. but they had no difficulty in ootain- inc accommodations at the prevailing rates. There were no further calling in of loans by the blanks or forcing of liqui- dation in consequence as was the case yesterday. The call loan rate yielded as the larger demands were satisfied and fell below per cent at the close. Per ceiving the course things were taking the bears began to buy to cover their short contracts, which had been considerably extended in yesterdays decline. There was some buying also by inside interests in the various stocks, especially during the morning for the purpose of support. Under these influences prices began to re- cover and touched the high level of the day during the afternoon. This level was not fully maintained, but the closing was steady and dull, and only fraction be- low the top level
 Yesterdays anxiety over the rumors circulated of the embarrassment of a large international mercantile house was relieved by assurances that the trouble was tided over. This was a factor in the recovery except for the rubber goods stocks and United States Rubber, which lost from 1 to points. The preliminary figures of the weeks movements of cash promised loss of upward of $6,O00OOO for the banks, but the easier tone Of the money market helped to more hopeful sentiment over the future.
 The weeks liquidation both in the stock, grain and cotton markets may have effected some reduction of the loan account of the banks. The payment of the January 1 government interest is to begin on Monday and the Standard oil dividend. amounting to $S,000O00, is also payable on that date. On Friday S5,000, 900 Is payable on account of the dividend on United States Steel common stocks. The weeks movement of cash shows no gain of any significance from the interior on the express movements, while the trans fers through the sub-treasury have amounted to $l250O,0O0. Aou1tlonal sup plies of money next week as indicated and strong liquidation are clearly the only factors in sight to warrant the easier tone of the money market. For eign exchange steadied today with the relaxation for the pressure for money, while money rates advanced in London, Paris and Berlin, the sterling rate at Paris also falling one centime. These developments doubtless mean that any lowering of the money rate here would be followed by further exports of gold. In the late strength of the market gains of 1 to 2 points were established among the local fractions trunk lines, coalers, both hard and soft Southwesterns and number of specialties. General Electric rose points. Amalgamated Copper fuctuated feverishly on the announce ment of the open cut in the price of raw copper. The stock rose to 6S1a at one time and was near that point several times. The low price was 66A, and it closed only IA higher at a net decline of IFS.
 Bonds were irregular and only moder- ately active. Total sales, par value 3D. 935 000 United States bonds were all un- changed on the last call.
 New York Stock Market.
 Ry Prfvate Wire to Nurrhv A f-o