The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-18
STOCK MARKET
GAINS STRENGTH
AmaIgamated Copper Continues to
Dominate the Field.
NET GAINS IN MANY STOCKS
No Danger of Further Gold Going Out
Before January-Thc Passage Of the
Is,hmian Canal Treaty Had en- Eject
Upon Transcontinentais.
by Associated Press

NEW YORK, Dec. 1.-THE undcrtone
OF the stock market was decidedly iirner
To-day growing into strength as the Gay
progressed. and the closing was fairly
sd@nS with notable net gains in num-
Der OF prominent stocks. The speculation
Mas almost entirely professional and was
depressed an ltS nature WIN a disposition
- cauH"l aDuul enCruaCh4lg on ulc nm
ia money supplies. AnlaIedlNateG Cop
)cr maintained It's dominant influence on
ine market and its lncesSant fiuctua-
Ions has some sympathetic effect Always,
i,Ut the erect Was more marked on me
i-'"ard range OF prices. ana The gains eS-
1"oLShed IN the genera market was
yielded StubAorniy when nalSamated
topper reacted That stock touched Gota
soon after The opening, Il decline from
yesterdays closing ana record low level
III lk 1he raw copper market in London
WAS reported weak. and shares of copper
companies everywhere were depressed.
from the Boston Stock Exchange.
Opinion as TO The next dividend continued
ir-sSimlStic. the most favorable forecast
81 hursdaNS ACTON naming "A per cent.
dividend The recovery in the stock WAS
apparently based on the rally in the raw
copper market in London. This rally cx-
Tended further in futures, which were
ElSo more largely dealt in than in SPOT,
thus increasing the premium on future
deliveries OF copper, which developed yes
terday for The first time in almost three
months Amalgamated CorHer touched
ti'S, and after numerous fluctuations be-
low that point. closed at gig. "a net gain
nj l@s. The money market was very quiet,
leneCtnE the cautious tone of the SpeCu-
iauon. Eall loans ruled at e per cent I'M
I'll late in the day. when me placing OF
Il residue carried the rate lower. Sterling
exchange was called strong, but foreign
bankers express the opinion that there is
no likelihood of further go going out be-
lore January Isl. The Transcontinental
stocks were prominent for strength. and
Z Nir -IN,
JSthmi&n Canal treaty. The argument
Cor Il permanent injunction in a suit 10
RESTRAIN the retirement OF Northern IaCi-
tic preferred had no effect on them and
they rose in the face of somewhat alarm
Ing reports of rate cutting among West
cI'r railroads. included in the community
Of interest which We're apparently intend
rd Tor other than Wall Street consume
ton Cuts III the price of petroleum.
Fugar. lead and linseed oil had a depress-
lag effect on securities of companies IN
those trades The Pressed Steel Car
stockS We're heavy on reports of an op-
position company to he organized. a
Very active demand for the Southern
hallway stocks developed late in the day
nnd helped 10 make the closing strong.
x recovery Of points in Rubber Goods
preferred and a further rise of :; in Long
island. We're features.
The bond market was moderately active
and irregular Total sales. par value,
f2G3o.oo0, United States coupon rs adj
Naneed = per cent: and the refunding IS
=: the - coupon declined y per cent. on
the last call.
The total sales of stocks for the day
were 81 300 shares.
MONEY AND observation-disclosures on
call steady at 46f6 Per cent. closing bid
End asked :il%d4 per cent: prime mercali-
tile paper. Id1l2 per cent. Sterling eX-
change strong with actual business in
bankers bills at 81 SGa4 for demand and
ri Si.SS2s for sixty days: posted rates.
fiS4 and 4.S7l2: commercial bills, 81 S2l50l