The Montgomery advertiser., 1901-12-05
WALL STREET REVIEW MANY STOCKS SCORED SUB
 TANTIAL GAINS. Rise Did Not Embrace All the Securities, However, Many Prominent Stocks Failing to
 Share in the Advance.

NEW YORK, Dec 4.-The stock market opened with firm tone today and ssthersd req day. The rise did not embrace the entire list however. and the exceptions to the strength stock a group of stocks and then another were taken up and lifted in price. The deal ings in these active stocks was on very large scale, but the aggregate of the days dealings indicated that the market was not very broad. The general sentiment among the spec the contents of the Presidents message and over the tone of comment on that document in the press. The resolution of the Secretary of the Treasury looking to the reform of the banking currency was also viewed with satisfaction. The steadier tone of Amalga- mated Copper proved extremely disturbing influence and potent factor. though a negative one in the strength of the market. Trading continued to reflect hesitation. while the course of this stock continued cratic but when the firm support at about last night market became decidedly more confident. The trading in Amalgamated Copper was still on the low record established yesterday for moment during the morning, but rallied
 strongly H%ras a she ssn of G or The | break in the London copper market was ig-
 nored. The fact that no engagements of gold
 were made for export tomorrow served to re- | lieve some apprehension that the money sup | plies would grow stringent by drain to that treasury already upward of S5. 900 900 this week, including the payments for the gold for nearly s4 900, GOO of Australian gold, of which the sub-treasury was notified over week ago. have not yet been presented. Ap- plication has already been made for With drawal of S3.ooo 900 of Government bonds on deposit to secure national bank circulation. which is the maximum allowed for the month. It is evidently intended to offer these bonds for redemption The eagern.ss of the banks to withdraw these bonds and in consequence to reduce their circulation Is evidence that the premium offered by the Government for the redemption of the bonds Is the impelling market for additional supplies. fhe monthly statement of the money in circulation shows an increase of nearly 5000 900 during No. vember. in spite of the SlS,oOo,OOO Of gold bank ciI cUlation. Anxiety over the money utlook was therefore not in evidence today in spite of a deposit in the suo-tTeasury for transfer to New Orleans of SS5O Ooo The market was among the Gould stocks. led by Manhattan, which rose an extreme 49s This stock served also a leader of the striking gain in the local traction group. New York sylvania- General Electric rose 3A There were many gains of @2 points in the South westerns, Grand Trunks, Coalers and Indus trials; Notwithstanding the satisfaction pro Presidents message. the trans-continental stocks and United States Steel were laggards | in the advance Great Northern preferred lost l I1i and Northwestern 6h with rally of 3. | the top for many stocks.
 | Speculative bonds were strong, but there
 was irreguarity in the the 6o0 general & list s Tots
 refunding 2's advanced A and the 3's regis
 tered 1S per cent on the last call.
 Money and Exchange.
 | NEW YORK, Dec 4.-Money on call firm at | 4d4%; last loan at per cent.
 | Prime mercantile paper, 4hI5 per cent. | Sterling exchange firmer with actual busi-