The St. Louis Republic., 1904-12-17
GAINS IN STOCK MARKET
ARE HELD WITH FI2MNESS.
RESTORATION OF PEACEFUL
RELATIONS IN COPPER.
Constant Setbacks and Heslta
tionS Noticed IN Last Week Are
Absent From Days Trading.

New York. Dec. l6.-The nervous treu1-
ors which have afflicted the stock market
alI through the week were quietcd to-day
and the advancing tendency. which has
been in evidence practically ever since the
downward course was arrested Tuesday.
\ was more consistent and uninterrupted
W at any previous time on the re-
cover.
The constant stehacI,s and hesitations
which have developed at some time every
day were lacking, and the days gains
were held with conn psrative fircnness-
However, this may have been due to the
almost nlilienniai uliGEess oi adjustment
OF personal differences growing out of the
stock market contest. and Mondays sharp
break and the consequent relief Of 4 state
OF nervous tension when has extended TO
both sides Of The At!1nuc II wouiq lie Gif-
ficui- 10 say.
But the prevailing smile with which the
affair has uesn regarded took On less OF
attectatIon to-day ana the coincidence of
the restored confidence manifest IA the
market did not escape notice.
Notwithstanding the restoration of the
vigor .. the murkeJS = resisting power,
there was no corresponding revival Of an
!rnation, the days dealings showing little
Increase, over thcsg al yesterday. Ine
market was enJirc.y free from any pres
sure of liquidation. so that the small buy
ing was effective IN lifting prices and the
supply of stocks vas 50 Scanty as to en-
able holders to advance the asking price
with effect on the selling price.
The United States Steel stocks were IN
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 and Nash
vile division radiated a sympathetic o.
feet amongst its affiliated properties. and
tho whole Southern group Reports of p
definite adjustment Of the 'T"uEH-fenlls =
vania troubles met with some diScIaiincI*''
but the impression was made THAT the
extent of the movement had been exag-
The November foreign trade report dis
closed a decline in the excess value of
exports of over S2l0f0t4o But it was OBJ
served that the imports in November OF
last year with which the comparison is
made were 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 preced-
ing month.
,u exports of domestic products for the
month is modified to a decrease of only
So bSS. .a5s by the inclusion of all exports
argues further expansion in the export
trade in manufactured products: which is
regarded with satisfaction The out
Ngpng gold movement was practically tg-
Zred, as money was offered in abundance
And at lower interest rates. .,, .-,,
The continued inflow of currency rom
the interior promises TO largely offset the
weeks drain of gold exports. and on other
The premium on New York exchange at
Chicago. however. was slightly lessened
to-day Late in the day the perception
~ the freedom from pressure on the mar
", I.+ led 10 a lively bidding up of prices
throughout. and the closing was very
strong at the TOD level. Gains of TO ;
sNa,,,ts are frequent amongst the leading
stocks. ,r..,, r,r.. ,,-
x,sine s; 1916 COS. United States bonds were
unchanged on cali
seeks in Scyv York,