New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-12-05
sUnlisted,
Closing prices of chief active bonds dealt in,
with net changes follow:
STOCK MARKET OPERATIONS.

Weakness in the foreign markets failed to
exert an important influence on local Stock Ex-
change prices. While there was some hesitancy
at the opening the general course OF quotations
in the first two hours Of business was IN the
direction of higher figures, especially In the IN
dustrial shares. in which number or supstan-
tial gains were reported notably in American
Cotton OIL American Ice, Colorado Fuel ana
IRON DistilIing securities, National Lead,
Pressed Steel Car, Rubber Goods preferred cast
iron Pipe and virginia-Carolina Chemical. In
these issues as elsewhere in the list there were
reactions in the afternoon and as consequence
of the selling part of the early Improvement was
lost in a number of securities. while in some
stocks final prices showed net declines as COM
pared with Saturdays last quotations Inc
chief weakness in the late trading was reported
in the copper shares Brooklyn RAPID transit
Colorado Fuel, New-YeFk Central and the Re-
public Iron and Steel shares. In the railroad
list decided strength was shown by Hooking
Valley Kanawha and Michigan, Lake Erie ana
western issues and the Nickel Plate" shares
Among the miscellaneous securities Pacific Mail
showed unusual strength and activity. The up
ward movement in the. morning represented In
great mart covering of short contracts, although
In many of the specialties which were active
features of the trading the Improvement UNI
doubtedly was due TO buying by important spec
uIative interests, who apparently were convinced
that despite the disturbed situation in the for
eign markets, it would be possible to engineer
further bull operations on the local exchange
Money remained firm, with most of the days
loans on call at So per cent while sterling
change after early weakness recovered. closing
five points above last weeks final figures.
Russia's serious situation naturally brought
about weakness in the foreign markets. and In
the case of Russian bonds the decline was
heavier than recorded at any time in the past
since the Russo Turkish War of 1878. The fact
that Paris is such a large holder of Russian
curities induces alarm at that centre over the
position of affairs In the Russian capital and. in
fact throughout the Russian Empire. and in
Yesterdays Paris market weakness in the bank
shares was considered a direct result Of the
troubles in tho Cars kingdom. British con-
soils were not materially affected. but the gen.
eraI market in London. Paris and Berlin showed
extreme nervousness, with declines recorded III
most issues OF course. financial panic in ST.
Petersburg would have direct bearing on
Paris and also the markets of the world
including own. Paris has large accunu-
lation of gold ready for emergency, but if
the situation becomes more acute 1t is not
likely that French bankers will endeavor to in
crease the supply of the precious metal there
by calling on other centres which would natur-
ally involve shipments of gold from New-York
Financial disturbance abroad would lead to
heavy liquidation of American securities held In
Europe. The best informed bankers, however,
IN this city not particularly alarmed over
the outlook, for they believe that whatever may
happen abroad this country is strong enough
financially to stand any drain that may be made
on its resources to help out foreign conditions.
The United States is well supplied with
money, and it is interesting to note the fact
that according to the Treasury's circulation
statement a of December /. there is more
money in circulation than ever before recorded
at this period OF the year, while the stock of
money In the United States including govern
nent holdings. is larger than reported in
the history of the country. amounting to 3d.
9T6. 402.1 42. Compared with the time of the re-
sumption of specie payments, the present
amount Of god in the country, exclusive of that
held in the Treasury. shown increase OF So51.-
237. 500, while the amount OF money in eircuia-
ton in the same time has Increased from $816.-
266, 721 to 81 $50. 1874 539. The most significant
feature of the circulation statement is the large
increase that has taken place in the last twelve
months in the amount OF national bank notes
outstanding, the gain amounting to ST., I01.
At the moment, while there is a large amount of
money In the country, it is poorly distributed,
and as a consequence of the demand this
centre from other parts o. the country and the
enormous fiscal requirements at the end of the
year in connection with tho January interest
and dividend payments there is little probable
ity of easy rates for loans in the course OF the
next few weeks.
GOVERNMENT BONDS