The Montgomery advertiser., 1905-12-20
WALL STREET REVIEW
NO FURTHER SIGNS OF THE NEW YORK
 FAILURES.
Such Hesitation and Uncertainty as Were Manifest Were Taken as Natural Conditions Toward Close
 of the Year.

New York. Dec 19.--There was no further
 trace In the stock market today of yester- failures Speculative holders who had been
 swept off their feet. seemed to have their
 to other hcIders of firmer detremnation. It was asserted in fact that the shaking out of
 sudden sudden slump n had % benefitted the s'rnf market. There was evidence also of some require were .S the after results of yssterday.s attack Such hesitation and uncertainty as were manifest In the market were traceable to conditions normal to the closing period of
 the year and to the days developments gressive bullish spirit in the market and many striking advances were recorded al
 though the dealings were highly congested In Union Pacific was the backbone of the endless buying to a new record price. The
 brokers employed iE this buying made an
 oceasion for rumors that the principal %sre seeking effective representation in Union Pa
 sifie There was sharp advances val .. in the the | than in the railroad list The rather un- Coal and Iron by the new purchasers seemed to arouse apprehension that the competition el for the stock. might be considered to be ended. A sharp break resulted The mark had strengthening effect on the general Adverse factors which were reared falleu to make their appearance and the specuia- tion was thus encouraged to push It's efforts. Money was quotably easier both on call and on time. notwithstanding some very large further shipments to Chicago through pri-
 vate sources. The contribution to the mon ey market by the sub-Treasury in which the payment of the anticira ated January interest figures helped to this result and last week late heavy dividend disbursements were also goven credit for par. of it. The steamer sailing tomorrow is the last by which re January settlements and yesterdays demand was so urgent that gold exports were under discussion.
 But the demand today was surprisingly light. in view of this circumstance and ster- ling exchange early welded from yesterday s advanced level. Many large demands. how ever, continued to center on London and an advance in the bank of England discount rate on Thursday Is considered possibility. be reegated completely to the background. the probability was discussed that the clear ing house settlement of the difficulty pro erable resources with possible effect on the money situation, during the turn of the year.
 partly attributable to the approach of the holidays and the normal disposition at that
 the proposition to close the Stock Exchange | for an extra holiday on Saturday seemed l to find no favor The sharp break in Peo- ple's Gas was attributed by rumor to a liq- and increased a disposition to take profits | all through the market Prices were carried | and some of the important gains completely wiped out The closing was easy. After the close the reduced dividend and reduced prices of gas put in effect by the Peoples Gas became known. Bonds were irregular Total sales par value $3,s9O,000 United States new 4s de- | clined t per cent. on call.
 | NEW YORp RONDa