The Montgomery advertiser., 1901-12-14
WALL STREET REVIEW STOCKS SCORE QUITE A NoTA-
 BILE RECOVERY. Market Irregular and Distinctly Weak in Spots, Due to Residue of Uneasiness from the
 Day Before.

NEW YORK Dec I3.-Stocks scored quite a ket was very irregular during the early por- ton of the day and distinctly weak in spots. This was due to the residue of uneasfness con- ing over from yesterdays events and the fear that money stringency would develop during the day incident to the carrying over of loans until Monday Borrowers on call paid as high as eis per cent early in the day, but they had no difficultyrpn obtaining accommodations at the prevailing rates; There were no further liquidation in consequence as was the case yesterday. The call loan rate yielded the per cent at the close Perceiving the course @ things wWstakns the bears ;an began had been considerably extended in yesterday s decline. There some buying also by in side interests in the various stocks, especially port. Under these influences prices began to recover and touched the high level of the day s.,l curing tne sdaerroon' , dhis level was not and dull and only fraction below the top level. Yesterdays anxiety over the rumors circulated of the embarrassment of a large International mercantile house was relieved by assurances that the trouble was tided over This was a factor in the recovery. except for the rubber goods stocks and United States Rubber, which lost from ] to points, The preliminary figures of the weeks movements Cf cash promised a loss of upward of S6,oo0 900 for the banks, but the easier tone of the money market helped to a more hopeful senti- ment over the future. The weeks liquidation, both in the stock, grain and cotton market may have effected some reduction of the loan count of the banks. The payment of the January lst Government interest Is to begin on Monday and the Standard Oil dividend. amounting to Ss.ooo. 900, is also payable on that date. On Friday S5 ooo, 900 is payable account of the dividend on the United States Steel common stocks The weeks movement of cash shows no gain of any signifi- canoe from the interior on the express move ment. while the transfers through the sub treasury have amounted to S2.750, 900. Addi- tioUal supplies of money next week indi- cated and relief from the liquidation clear ly the only factors in sight to warrant the easier tone of the money market Foreign change steadied today with the relaxation for tine pressure for money. while morey rates advanced in London, Paris and Berlin. the sterling rate at Paris also falling centime These developments doubtless mean that any lowering of the money rate here would be followed by further exports of gold. In the late strength of the market gains of Id2 points were established among the local trac- tions, trunk lines coalers, both hard and soft, Suuthwesterns and a number of specialtIes. General Electric points Amalgamated Copper huctuated feverishly on the announce ment of the open cut in the price of raw cop- per The stock rose to 6S;s at one time and near that point several times. The low price was 66A and it closed only A higher at net decline of lts.
 Bonds were irregular and only moderately active. Total sales, par value, S2. 935. GOO. United States bonds were all unchanged tn the last call.