The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1904-12-02
Government Funds Hero.
EASTERN MARKETS.
New York Stock Market.

=. KEW YORK. Dec l:-Prtces moved upward
u ~the opening dealings IN stocks to-day In q
=. fairly uniform manner. But that was the last
. ~. Uniformity Ia the days market. There were
r.trE. strong spots and they developed in TO
.--sa.tll[ spreading the effect Of the strength
= -s..o1gn the session Of the STOCK Exchange. but
1.-- tlnre and the days business was consider
- j ceurracted from the recent average. Some
-. 5le most nors9 le features OF recent advances
--e-re -ag8aFl or ancllned. 10 sag on light Of
~ KS. As against the sharp gains in special
:, tfoe H. there were no well defined weak spots,
-f-4t@ only dullness and heaviness There is still
una oated confidence that the tranquility Of the
= -ney' market is not 70 be disturbed by the
Il4 rec ilrefnelts, although u IS common
p o. expected that yates viii work somewhat
oser- So long as money rates remain easy
3 tlleEe' seems nothing that can disturb specu-
lathe confidence in the present market There
l.ss e revival OF confidence that the Northern
ssealrities. decision was Immediately imminent.
- ort. some uncertainty was professed TO what
us -cfarscrer would be, 50 that this served 10
induce some hesitation rather than 10 stimulate
strength o. 81 Paul was generally attributed.
ho7eyef 70 hope-.of an early decision Of the
= securities case. The most notable advances
were llzided between stocks Of an extremely
higher class and those Of little tried and
petted issues This apparent anomaly is easier
tC---lInderstand when Il Is considered that both
classes ~ stocks are likely 10 be not widely
distributed ana Fl consequence easy 70 move.
+: Erc gu1lQ- ariaernilts We're conspicuous eA-
ample Of the class to-day. distinctly de-
-teItel absorption for Investment OF this group
% o. stocks Us OF greater sentimental effect on
. The market Tor securities than almost any
other sct that could be named in the opera
iions 81 the uaFiVer For this reason a con-
. certed advance in the group is favorite de-
. vice n the market leaders TO help along the
rest OF TIC market by sympathy The rapid
manner il which these prices were advanced
today was sufficient TO mark the movement
az suspicious the railroad investor has
been truly observed not following the manner
Of g bargain counter rush TO secure his hold
ings. The rise in Amalgamated Copper was
q. based "a rlmors q an intended increase in
rhe dividend one OF its subsidiary com
panies- Railroad earnings reported were gen
orally favorable The conclusion OF the London
% Eettleruent occasiOned favorable influence from
rhat soIrcs. The December settlements here
o and .he payments o. a twenty million dollar
installment on Southern Pacific stock induced
q fruer tone both for call and time loans.
But this was not effective influence in the
% Etotf market The reacti0nary tendency be
came fairly general, however, late in the day
aid the closing was weak and generally below
last nights level 81 prices
Bonds were easier. Total sales. par value.
s. sos. O0o
E-nitsd States new IS coupon advanced 4
Ter cent On call
New York Stock List.
II. = Hutton g. Co. 40 California street.
San Francisco. members OF the New York
stock Exchange. furnish the following official
quotations u that Exchange: