The Montgomery advertiser., 1904-12-02
STREET. REVIEW
SOME SPOTS OF STRENGTH IN THE
 STOCK MARKET.
General List Did Not Become Animated at Any Time, and the Days Busi-
 ness Did Not Equal Re-
 cent Average.

NEW YORK. Dec. 1.-Prices moved up- | ward in the opening deals in stocks today | in fairly uniform manner But that was the last of uniformity in the days market. There were many strong spots and they l were developed in rotation. spreading the ! effect of the strength throughout the ses. sion of the Stock Exchange, put the zen. eral list did not become animated at any time and the days business was consider ably contracted from the recent average. some of the most notable features of re- cent advances were laggard or inclined to sag on light offerings. As against the sharp u gains in special stocks there were ness and heaviness. There is still unabated confidence that the tranquility of the money market is not to be disturbed by the year end requirements, although 1t Is commonly expected that rates will work somewhat closer. So long as money rates remain easier there seems nothing that can dis turb speculative confidence in the present market.
 There was revival of confidence that the Northern Securities decision was im- mediately imminent. but some uncertainty was professed as to what It's character would be. So that this served to induce some hesitation rather than to stimulate specula- tion as has usually been the case Tho strength of St. Paul was generally attrib- uted. however, to hope of an early decision d or the Securities % case The most notable many high grade classes and those of little tried and suspected interests. The junior vanderbiits were conspicuous ex-
 
 ly detected absorption for investment of this group of stocks Is of greater sentimental ef- feet on the market for securities than al- most any other act that could be named in the operations of the market For this reason concerted advance in the group of favorite device of market leaders to help along the rest of the market by sympathy. The rapid manner in which these prices were advanced today were sufficient to mark the movement suspected, the rail road investor, has been truly observed, not following the manner of bargain counter rush to secure his holdings
 The active trading at receding prices in cotton helped railroaos which have a large traffic in that commodity, and Illinois Central had the additional advantage of a sale of s12.000,000 of It's bonds The rise in Amalgamated Copper was based on ru- mors of an intended increase in the divi- dend on one of its subsidiary companies. Railroad earnings reported generally favorable. The concusion of the London settlement occasioned a favorable influence from that source December 1st settlements here and the payment of a 10000. 900 in- staliments on Southern Pacific preferred stock induced a firmer tone both for call and time loans But this was not an ef- fective influence in the stock market. The reactionary tendency became fairly general. however. late in the day and the closing was weak and generally below last nights level of prices.
 Bonds were easier. Total sales, par value. s7,so5.0oo. United States new Is coupon advanced t per cent on call.
 NEW YORK STOCK LIST.