The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-12-06

New York. December THE STOCK
market opened with firm tone toda5 and
gathered considerable strength during
the course of the day. The rise did not
embrace 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
another were taken up and Lifted In
price. The dealings in these sctive
=tocks was on a very large scale, but
the aggregate of the days dealings IL
dicated that the market was not very
broad. The general sentiment among
the speculative community was one OF
satisfaction over the contents o. the
presidents message and over the tone
of the comment upon that document In
the press. The recommendations OF the
secretary of the treasur looking 10 re-
form of the banking currency were
Also viewed with satisfaction in the n
nancial district.
The steadier tone of Amalaganated
Copper removed an extremely disturb
ing influence and was a potent factor,
though a negative one, in the strength
of the market. The trading continued
TO reflect hesitation while the course
of this stock continued erratic, but
when the firm support at about last
nights level was perceived, the general
tone of the market became decidedly
more confident. The trading in Anal
gamated Copper was still on a very
large scale. The stock nearly touched
the low record established yesterday
for a moment during the morning, but
rallied strongly during the latter part
of the day and closed with a net gain
of 21a. h renewed break in the Lon
don copper market was ignored.
he fact that NJ engagements of gold
were mad for export tomorrow served
TO relieve some apprehension that the
money supplies would grow stringent
by drain to thu quarter. The n
have lost to. the sub-treasury already
upwards of So, 200, 900 this week, includ-
ing the payments for the gold exported
on Tuesday; but the expected drafts
for nearly 81, 600, 900 of Australian gold,
of which the sub-treasury was notified
over a week ago, have not yet been pre-
scented.
The monthly statement of the money
in circulation in the country by the
treasury department shows an increase
of nearly So, 900, 900 during November, in
spite of the SIS, 600, 900 of gold exports
and a slight decrease in the national
bank circulation. Anxiety over the
money outlook was therefore not in ev-
idence today, inspite Of a deposit at the
sub-treaSury for transfer TO New Or
leans of $3.50, 900.
The most notable points of strength
in the days market were among the
SOUIu SSSShS, lSo w ~
rose an Extreme AS. This stock served
as a leader, also. of the striking gains
in the local traction group. New York
Central was conspicuously strong, as
was Pennsylvania. General Electric
rose 3A. There were many gains of 1
to 2 points in the southwesterns, grand
trunks. coaIers and industrials.
Notwithstanding the satisfaction pro-
fessed over the trust" paragraphs of
the presidents message, the tranS-con-
tinental stocks and United States Steel
were laggards in the advance. Great
Northern preferred lost liz and North
western 6B, with a rally of 8. The mar
ket closed slightly irregular, but near
the top for many stocks.
Speculative bonds were strong, but
there was irregularity in the general
list. Total sales, par value, were ST.
765. 090. United States r~efunding rs
advanced II and the 3s registered Is
per cent on the last call. Total sales
for the day were 1876, 800 shares.