The Montgomery advertiser., 1904-12-17
WALL STREET REVIEW
NERVOUS rREMoRs OF MARKET WERE
 QUILTED.
Advancinr Tendency, Apparent Since tne siamp, Was More Consistent ana
 Uninterrupted than any Ire yious Time Since the

NEW YORK Dec. e.-The nerFous remors which have afflicted the stock ma ss l<et all through the week were quleteo to dav and the advancing tendency. which mas been in evidence practically ever since tno downward course was arrested on Tuesday, was more consistent and unintereu ~ at any preyious time on the recovery
 The constant set backs and hesitations which have developed at some tune eseIs day were lacking and the days sains were held with comparative nrmne' ,S .,n.. rr,,- len{al ynildness of the adjustment or per sonai differences growing out or the stocA market contest and Mondays sharp oreak' and the consequent relief of state or nei vous tension which has extended to botn sides of the Atlantic. IL would De Ih1cu,t to say. Bu, the prevailing smile with which the affair has been 'regaroed LOOK on less of aftectation today ana the O. incidence of the restored confidence mani fested in the market did not escape notice.
 Notwithstanding the restoration of visor of the markets resisting power' there was no correspondins revival of animation. the days dealings showing little increase over those of yesterday. The market was en- tirely free from any pressure or iiquidation' so that the small buying was effective in lifting prices and the supply of stocks was 50 scarty as to enable holders to advance the asking price with effect on the selling price.
 continued large demand and were helped by the report of the placing of large order for steel rails for Pennsylvania. The increase in the Louisville & Nashville diyi- dend radiated a sympathetic effect amongst it's affiliated properties and the whole Southern group. Reports of definite ad- jastment of the Gould Pennsylvania trouble met with some disclaimers, but the impress sion was allowed that. the seriousness of the dispute had been exaggerated. The November foreign trade report disclosed decline in the excess value Of exports of over s2O,000, ,000 But 1t was observed thaA the imports in November of last year with which the comparison is made were the smallest of any month for more than two years past, while for the month just past the imports are greater with one exception than for any preceding month. The fact that the decrease of over s17,000,000 in ex- ports of domestic products for the month IS modified to a decrease of only S2,5sS,96s by the inclusion of all exports argues further tured products. which Is regarded with sat- isfsction.
 The outgoing gold movement was prac- ticaliy ignored as money was offered in abundance and at lower interest rates. The continued inflow of currency from the in- terior promises to largely offset this weeks drain of gold exports and other accounts. The premium on New York exchange at however, was slightly lessened to- day.
 Late in the day the perception of freedom from pressure on the market led to a lively bidding up of prices throughout and the closing was very strong at the top level Gains of 193 points were frequent among the leading stocks.
 Bonds were strong. Total sales. par value. $4. 195.000. United States bonds were un- changed on call.
 NEW YORK aTO0K rIET