New-York tribune., 1901-12-14
BONDS.
THE DAYS OPERATIONS IN STOCKS.

In the early dealings in yesterdays market
Houidaticn continued in the greater number OF
issues Declines were general throughout the
list with further weakness IN A1nalgaInaleu
Copper and number Of the more active specu-
Iative issues. In the subsequent Transactions
however a better buying demand developed ana
before the close early losses were recovered
while final prices showed net gains in the ma
soritv of issues The chief exception Anal
gauated Copper, which closed at a net loss OF
1z points Advancing prices il the second half
of the day were due TO covering Of shorts and
4o buying by courageous commission house
traders The fact that money rates did not
reach an abnormal level and an absence OF
heavy liquidation were responsible for the more
optimistic sentiment in the afternoon dealings
Within the last twenty-four hours steps have
been taken by important banking interests TO
relieve the money market situation at TINS CEN
ire This does not mean that an enormous
en,ount of money will be thrown into the mar
ket for the benefit of stock market SPECTATORS
but it does mean that the money market IN
New-York will receive ample protection, ana
that the current unusual conditions which have
caused such heavy losses in local bank reserves
will he offset by the united help of leading wall
Street capitalists. The high rates for money IN
the last few days may be repeated next week.
but it is the general impression that legltlnale
,orrovre,,s will have no trouble in securing ac-
conon7odation at lower rates than those now pre-
vaing The local banks have lost in the cur
rent week over S6,Oo00o0 on Sub-Treasury
operations and they have not gained any ma
terial amount on the interior currency move
ment The heavy speculation in grain at chi
cago has checked the movement OF money 10
New-York and it has also attracted over S5oD,-
OO0 in the last week from this centre TO the west
Money continues TO go to the South The spec
Native activity in the West will probably come
30 an end before long, and there is no reason 10
believe that currency Will not be moving toward
this point in heavy volume in the course OF the
next few weeks. Holders of stocks may rest
assured that the money market SITUATION VIII
not become demoralzed.
Trade reports received last night from the
leading commercial centres of this country re-
f1ected an enormous volume of business in all
the leading lines of industry. Railroad earnings
and bank clearings were heavy, and in no de-
partments Of trade, with the exception, per
haps Of the copper market, were there signs
OF encouragement for bears American pros
perity. The course of Amalgamated Copper
stock in yesterdays market had little to do with
the position of the copper market, and 1t was
not thought likely that the course of this ma
uipulated issue would reflect for some time to
come actual copper market conditions 1t was
said in speculative circles that the bears on
copper stocks were satisfied that the price could
be worked lower. Copper prices were reduced
I'm this country yesterday, action which indi-
Gated returning sanity among the copper IN
terests
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BoNDs.-Market steady. Final