The Birmingham age-herald., 1907-12-01
STEADY ADVANCE I IN STOCK MARKET EAll Conditions Are interpreted As Favorable
 NO WORRY OVER FINANCES Wall Street Cares Little What Con- I aress May Do In Financial Legs- lation, But the Public Wants To Be Made Safe.
NO WORRY OVER FINANCES
BY THOMAS c. sHoTWELL.

E New York, November 30.-(Special-) J. The covering movement continued in full force today and stocks closed at about the best figures of the day with some very substantial net advances. There was no reason for the advance, except the general one that the crisis has been passed and is rapidly disappear ing in the distance. The skies are clear ing, money is returning to normal rates, the banks have quit hoarding money anu the people are willing to do business again. President Roosevelt is expected to deliver his annual phillipic against wealth and trusts, but Wall street feNs that it has been discounted.
 Congress is expected to do something for currency reform, but now that the crisis is passed for this year nobody cares what Congress does do, so far as this year is concerned.
 There are half a dozen reasonable ways out of the difficulty and 1t seems that even Congress should be able to do some- thing sane in the matter. Most of the congressmen are birding themselves on their ignorance of the situation, and their public interviews prove that they are really ignorant. There is hope, however, that few American citizens will finally decide to do something in order to avoid the annual uproar which the banks cause in Wall street.
 The banks are not entirely responsible for the trouble this year. crisis was developing, but somebody pushed it and, perhaps, now that it is all over, it is the best thing that could have had hap pened because it had to come and it's premature occurrence had mitigated it's violence.
 Now that stocks have been liquidated, labor is being liquidated
 Capital has struck and returned to work. It remains to be seen what labor will do In nearly all parts of the coun- try labor is accepting the situation grace fully. In Goldheld a crisis has been re- ported. Before there is any trouble in that camp 1t would be we'll for the gov ernment to establish d few compa <ies of soldiers there. Not that they will be needed, for they probably will not be, but the entire state of Nevada has not single soldier.
 Suspicious have been aroused that the daring young man who is making a bull plunge in cotton is in reality somebody covering theodore Ii. Price s shorts Tor him. If this proves true the condition of that market may not be so bad and the decline may be more gradual than ex- pected. It is a good market to let alone, however. 4fs.e
 Wheat and corn are coming to market rapidly and at declining fgrues.
 The bank statement showed a small in- crease in surplus reserves Congress should abolish the bank statement by law and require a daily statement of deposits, loans and reserves. The present. state ment is a gratuitous insult issued once a week for the benefit of specultors.
 The total number of shares of stocks sold on the New York Stock Exchange today was S7s.3l7 against 20O,350 the same day last year.
 The total ,spar value of bonds sold to- day was SS0S2,000 gainst s72S,0O0 the same day last year.
 The average gain in all stocks dealt