The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-17
Jlocks. Bonds and Money
Call money, New York ........21s-71s 4
Far silver, New York ........ 5oB %

NEW YORK, Dec 16.-There was no
renewal of consequence of the pres cure
of liquidation in the stock market today,
but there was manifest hesitation aboi,t
undertaking any operations Tor an III
vance. a handful of stocks were "a
yanced by professional operations IN a
seeming attempt to induce following
and to influence the general market tie
evidently easier condition OF the mpEey
market encouraged this movement Dut the
fear of recurrence of Stringency AID
the unsettling influence of the renewed
weakness in Amalgamated Copper us,
couraged its extension. Anal AGGRAVATED
started downwards from the opening, put
recovered nomentarily to Is above last
weeks closing. 1t gravitated for the rest
of the day with only slight raailes TO
the low point at 81 Is. where 1t closed. Inc
fluctuations in the stock were not Vlo-
|slent and traders described its action as
fall of its own weight without any ap-
parent artificial pressure. Ihe net loss
is SIS. 1t is. taken for granted that Ihe
renewed decline foreshadeWS reduc--
ton in the dividend on Thursday as the
disbursement of dividends by a subsld-
larry company is tied up by injunction.
The rate Of dividend is expected by spec
ulators at all the way. from per cent
quarterly down to. passing 1t entirely.
Fears are prefessed also that this is pre-.
lirninary to further cuts and to a war OF
rates.
It was worthy of remark that in Lon
don the price of futures closed higher
than for spot, for the first time since the
first week in October. The prospect 81
the unsettiing influence OF mystery an
uncertainty over the Amalgamated tiyi-
dend rate until its actual declaration was
sufficient in itself to discourage aciiVity
in the general market The strength OF
tirely to the speculative liquidation which
took place last week. To expand again
Immediately the loan account of the
banks would threaten, 1t is feared, q re-
currence of stringent money.
Rumors of dangers narrowly avertei
last week helped to prevent imprudence
Last weeks loan contraction was wen
distributed among the banks, showing
clearly that no large syndicate transac-
tons was accountable for It, The condi.
ton of the worlds money markets. how
ever, was easier all round today. Dis
counts were lower in London and stef-
ling exchange both at Paris and Berlin
fell back sharply. Foreign excnange
here did not rise appreciabiy In spite OF
the greater abundance of funds In the
money market. 1t was considered en-
made at the subtreasury today FOR trans
fer to the interior Checks for govern
ment interest in anticipation OF the Jan
,ary payment began to come to the SUP.
treasury today and the days payment OF
| the SS,6O0,O00 Stadard Oil dividend was
| an influence towards the greater case OF
money.
| eonsnicuous were New York Central,
| Manhattan. ST. Louis & San Francisco.
Long Island, Iowa Central, hnbper
Goods preferred and Colorado Fuel Their
gains were all curtailed in sympathy
with the late weakness in Amalgamafed
Copper Net changes generally are mar
row
The bond market was dull and .irrng-
| ular. Total sales, par value Sl,75a. Ooe.
United States Is registered advanced v
and the SIS coupon " per cent on the last
cali.
5eoeEs.