The Montgomery advertiser., 1906-12-04
THE STOCK MARKET
sMArA. voI.UME OF DEALINGS IN IT MARKET.
There Was No Apparent lnennat.on ,., Y reS1 sscs.xa and The SnHnll Buy-
 ing Therefore Advances All
 Vrfeea.

Neu york. Dec. 3-The only cnect perceptihle from the stln preNhlAllisS s rate for call loans today was i,s. s,,,s.s volume of dealings in the nial ASs. = seii stocixs ana the small buying was therefore effective in advancing pgicSs' The market had an abundance oI oe cided strength throughout, m sPtee VI the duIlness. The strength was ln eNi- dence from the outset. notwltnslanu- a- ing some degree of apprehenslon over the threatening conditions n the ous otto side markets. The renouncing ot shs option on 100000 shares or Nlplssilis' which was announced by the SussS,n. helms on Saturday. after the inAr he' closed. aroused fears of panicky con ditions in view of the active specuiss- q. tIon which has been in progress m mining shares After the nfst eoWnzz ward plunge of Nipissing, us Tepouts ', ana Inc development nf actual stFshE eh in the outside markets removed the fears Of reflected damage from thas source, ,o s,
 The notable price movements were m in the class of low priced .stocks pOsn r,s,aa o,a the railroad and industrial itst. frlcs advances in these caTne in relays . anu congtant rotation of the demand kept up the appearance of strengtn III @ tns market, even when the large portlona of the list was practically a saspSnci pStncirs were firmly held and there were strong examples amongst them as well.
 Some of the days movements were associated with reports of special devel- Opments affecting the stocks, ,anstion' p1s 0ener There were rumors of coming sup up scription rights to New Canadian FA- Chesapeake and Ohio was influenced by reports that PennsylvantaS holdings of the stock were to be taken oyer Tor addition to the holdings in the Vanner- biIt interests. A number of minor lron intustriaIs were also prominent; Efle was helped by the report or the nes earnings for October, which shoWed larger proportion of the gross increase conserved for the net tha nthe current average in other eases. It was gene. ally understood Athat the Presiueht message would not go to Congress un- til tomorrow. here was widely cur rent of assumption that the market had more than discounted any unfavorable effect for portions of the message Una. might reinforce previously expressed views which have been regarded as un- favorable factors in the market. and tkat its actual publicatin might result ir some influx of demand into the mar ket The copper stocks led by smelt~ ing became active factors in the gener al strength of the market The rul- ing rate for money was higher through out than on Friday although the twen- ty seven per cent maximum of Friday was not touched. The sub-treasury shows an absorption of nearly $2,OOO.- 900 already to figure in the new bank statement this week. The government institution also was accredited at the clearing house this morning for over half a million dollars. The supposis tion is general that 1t will be several days before the money market feels the relaxing effect of the return os funds employed in the December l sets clement. Very heavy requirements al- so lie ahead of the market for Decem" her Is, to which was added today the announcement of offerings of $9sS0O,OOs New York City bonds.
 The Bank of England reports turthes heavy accretion of bullion. But the downward course of discounts in Lors den was halted. The cash demands O. the Central Bank from the English pro vinces is looked for this week to be maintained up to the end of the year !. Sterling exchange was very weak at one time, but became drmer before the close Time money was very strong. There was some profit taking when money went to the highest at twenty five per cent in the afternoon, but the closing was firm and in course of re- coVery.
 Bonds were firm. Total sales, par value, $2,010,000. |.
 unlted States bonds were unchanged on call
 NEW YORK CLOSING STOCK TIST