The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1902-12-04
gi1tattcia1.
Yesterdays STOCK MARKET.

Both pnmd !Sesnw Tueaday'a Level
New York, Dec. 3.-Prices were both
above and below last nights level in
to-day's market The trading, which
has been strictly professional for sew
eral days, was in the hands of this
smaller class of traders, and their OPP
erations showed increasing hesitation
and uncertainty. There were occasion
al attempts on the part of the specula-
tive pools to put up prices, but any con-
sidera BILE advance met realizing sales
! of sufficient volume to check the adj
vance. The pressure to sell was not at
all urgent and showed q prompt relax
alton at the lower level of prices, where
supporting orders were also encounter
ed The result was a constant shifting
Of the course of prices within a narrow
range.
! There were no special features to the
trading. although the recent speculative
favorites maintained their prominence
These We're the local fractions, st. Paul.
/ Louisville, the Pacifics, New York Cen
| trail and several of the coalers. The
movement in these was pretty consist
ent, the whole group moving upwards
or doWnWards whenever any one stock
took an initiative. An advance in the
prices of refined sugar failed to differ
entiate Sugar from the general move
! ment In the list. Renewed weakness
| in the silver market and reaction in
the London copper market from yes
| terday's sharp advance were reflected
| in American Smelling and Amalgamat-
ed Copper
The chief repressive influence on the
speculation was the tightening course
Of the money market. There was no
money offering on call at less than
per cent at the opening The rate sub
sequently declined as low as per cent.
during the active period of the day and
to below that before the close Time
money was distinctly firmer, per cent.
being quoted for all periods up to six
months, with a commission demanded
| for the shorter periods which made the
rate equivalent to Z per cent. New
York institutions were entirely out of
the market for mercantile paper, and
even the prime grades brought per
cent. An additional engagement Of
| 100000 In gold for South America was
announced, making the total shipment
to-day $1,000,000. This operation
amounts to a diversion of the demand
from South America upon the Bank of
England for gold from that institution
| to New York. Discounts in London
consequently eased to-day. Sterling
exchange here held steady, but auvanc-
ed in Paris, so that exports of gold
| across the Atlantic are not feasible
The sub-treasury continues to draw on
| the New York money market the loss
since Friday on that account having
reached $3,456,O00. There was deposit
| ed at the sub-treasury to-day 5000, 900
| for transfer to New Orleans. Chicago
exchange, however, remains at par.
| The trading element showed it's dis
| appointment that the presidents mes
sage had failed to stimulate specula-
| ton, and with the additional discour-
agement of the high money rate, there
| was a progressive decrease in the ac-
| tivity of the market.
| Bonds were dull and irregular. The
| total sales, par value, aggregated ST.
| 100000.
| United States bonds were unchanged
on the last call.
| tloatng Prices.
| Following are the closing prices reported
| by Prince Il Whitley. Bankers and Brokers'
| 81 Broadway, New York. and Is Center st..
New AAven. Eid Ayked.