The Birmingham age-herald., 1904-12-20
STOCK MARKET IS
 IN HOLIDAY HUM0R AmaIgamated Copper Again Causes Sinking ofPrices BRIEF RALLY IN MORNING Advance Made In Steel Stocks Was Due to Reports of Prosperous Con-
 ditlon of Affairs In That
 Corporation.
BRIEF RALLY IN MORNING

New York, December 1s.-The stock market fell into a holiday rule today. Beyond that fact there is little to ehron4 hcle. There was a brief rally in the early trading from the decline which was in force when the market closed on sahr- day, but fresh eccentricity on the part Eof Amalgamated Copper caused sub Aidenes of interest and a sinking of prices, as on Saturday. The market on EAmalsamated Copper was not violent but the quick response of the rest of khe market dimensions was a testimony to tue state of terrorism in which an elemsht is held by the threat of this ktooh action.
 The advance. which was interrupted by the intimidating effect of the break in Amalsamated Copper, was not resumed with Any foroe or confidence afterwards AltheukA the copper stock itself steadied And became quiet without further dis- turbing manifestations The rise was led hnost ceRgpicuously by the United States I6tssl stocks and reports were published an circulation of the prosperous condi- 'tion of affairs of the corporation at pressnt. Among these was an assertion E1hat it had been determined to raise the prices For steel plates. bars and structural ,naterial, the amount of the advance be- sing aione uncertain. The Pennsylvania group of railroad stocks made almost 1nvariable response to news of trade conditions and to reports of traffic off cials to tho effect that the hauling of all commodities connected with the trade was so great as tp threaten car shortage In the eastern railroad lines affected.
 Reports of raIlFeRd traffic from other Fections were alnost equally favorable, Epnd the dSv's reghrns of gross earnings fof railroads for the second week of De- Ecember showed good uniform increases throughout the country. Ihe expansion of the movement of corn to market is especially notable and helpful to carriers tin the corn territory. The bank state ment of Saturday was considered as giv- Ang asspranca of exemption from strin- Igency over the year end, but the con- iservative tone developed In the trading lmay be trhced to money market .consid- Ieraiens.
 It is felt that the present assurances of aaiet in the money market has only been secured by the withdrawal of com mitments to the stock market which was effected by the recent shaking out - weak Holdings. The time Is not consid- tTtQ pEOplllOuS TUT 1tnnleulAL6 JlelnH up of these resources again. The yearly re- quirements remain to be met, and the current Of gold is still outward. De- mand was strong for exchange for We'd tuesdays steamer, that being the last ship available to meet the obligations in Lon don before January i. It Is not forgot ten, moreover, that the withdrawal of ten millions of government deposits is to be met by January IS. Prices slipped back during the day to about where lney left of Saturday, and the closing was heavy. The sale of a hundred share lot of Chicago, Burlington and Quincy at the fecord price of 2.25 was an incident of the day in oonpection with reports of a sx- tra dividend distribution. This stock has only appeared on the tape at long inter lvals and for sales of small odd lots, the joint purchase by Mortimer Pacific and Great NoEthern.
 Bonds We're firm. Total sales par value E$6,640,0eD
 United States bonds were unchanged lon ean.