The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1901-12-05
Stocks. Bonds and Money
Closing.
Wed. Thurs.
arf p 4

Bar silver, New York .......... 54k "a
Call money, New York ........4-4A- 3312-5.
s NEW YORK, Dec. 4.-The stock market
opened with firm tone today and gath
cred considerable strength during the
course of the day. The rise did not EN-
brace the entire list, however, and the
exceptions to the strength were among
the very prominent stocks. One stock or
a group of stocks and then others were
taken up and lifted in price. The DEAL
very large scale, but the aggregate OF
the days dealings Indicated that the mar.
ket was not very broad. the general
sentiment among the speculative comm ~
nifty was one of satisfaction over the
contents of the presidents message ana
over the comment of that document In
the press. The recommendations OF the
secretary of the treasury looking to the
reviewed with satisfaction in the imam
cial district.
The steadier tone of Amalgamated Cop
per removed an extremely disturping IN
fluence and was a potent factor, though
a negative one, in the strength OF the
market The trading continued to rehect
continued cratic, but when the firm sup
port at about last nights level was per-
ceived, the general tone OF the marker
became decidedly more confident me
trading in Amalgamated Copper was Sill
on very large scale. The stock nearly
terched the low record established yes.
terday for a moment during the morn
ing, but rallied strongly during the latter
part of the day and closed with net
gain of 2A The renewed break IN Ine
London copper market was ignored. Inc
fact that no engagements OF gold were
made for export tomorrow served to re-
lieye apprehension that the money sup
plies would grow stringent by drain TO
that quarter.
The banks have lost to the subtreasury
already upwards of S5000.000 this week.
including the payments for the gold eN,
ported on Tuesday. But the, expected
drafts for nearly $4,000 600 of Australian
gold, of which the subtreasury was not-
fled over week ago, have not yet been
presented. Application already has been
made for the withdrawal of S3,O0O0O0 OF
government bonds on deposit to secure
the national bank circulation, winch IS
the maximum allowed for the month. 1t
is evidently intended to offer Inese bonds
for redemption. The eagerness OF the
banks to withdraw these bonds, and. In
is evidence that the premium offered by
the government for the redemption Of
the bonds is the impelling motive. ratner
than the needs of the money market tor
ment Of the money in circulation in the
country by the treasury department
shows an increase Of nearly 5000 GOD
during November, in spite of the $1S,0Oo,-
o. gold exports and a slight decrease in
the national bank circulation. Anxiety
over the money outlook was, therefore,
not in evidence today, IN spite or a ce-
poSit at the SubtreaSury for transfer To
New Orleans OF $4,000
The most notable points of strength in
the days market were among the Goull
stocks, led by Manhattan, which rose an
extreme AS This stock served as a lead
er also of the striking gains in the local
traction group. New York Central was
conspicuously strong. as was Pennsyl-
vania General Electric rose 81. There
were many gains of one to two points in
the Southwesterns Grand Trunks, coal
ers and industrials Notwit dlsdi. ing
the satisfaction protested over me
trust paragraphs of the president
message. the transcontinental stocks and
United States Steel were laggards In the
advance Great Northern preferred lost
~ and North Western 6B.. with rally
of g.. The market closed slightly rregu-
lar. but near the top for many stocks:
SPECULATIVE bonds were strong. but
there was irregularlty in the general list;
Total sales, par value, $2,765,0OO. United
States refunding Is advanced and IS
registered Is per cent on the last call.
stocks.