Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-06
Rise in Prices Continued After
the Opening Today.
THE ADVANCES IRREGULAR
Dealings Were in a Somewhat Re
duced Volume.
LONDON REPORTED HEAVY
Money Conditions Firmer Than
Yesterday-Banks Further In
creased Gain With Subtreasury.

Special Dispatch to The Star
NEW YORK, December 6-There was
little change to be noted in the general
characteristics of todays stock market In
comparison with those of it's immed ate
predecessors. The dealings were in some
what reduced volume, but the rise In
prices continued, and while the upward
movement was marked by some irregu-
larity. that was by no means remarkable,
In view of the fairly continuous advance
of the past fortnight. There was little of
novelty presented for consideration at the
opening of business or during the course
of the business session.
The failure of a national bank at Pitts
burg was announced at the opening of
business but the relative unimportance
of the difficulty was quickly recognized
and the news had no particular effect
upon the dealings IN securities.
The London stock market was some
what heavy. and operations here for for
eign account showed a small excess of
sales. Money market conditions were
somewhat firrner than on yesterday, for
no special reason that was apparent. and
the prem UNI on currency remained in the
neighborhood of 1 per cent.
Banks Increase Gains.
The banks further increased their gain
In their operations with the subtreasury
yesterday, and the latter institution re-
ported this morning a consequent loss on
balance since last Friday of nearly S.
10000. This showing naturally excited
expectations that tomorrow's bank state
ment would show IA further curtailment
Of the large deficit in reserves. and this
prospect was doubtlessly an additional
factor in such hrmness as the stock
-I.ot cd al
ments of gold at London for shipment to
New oYrk were announced despite the
frrness OF the foreign exchange market
The transactions in detail afforded as
little ground for particular d scussion as
has been the case for several weeks past
The dealings in individual securities va
ried. In fact. only in point of comparativ
activity and extent of fiuctuatien. AL de-
partments of the stock market were firm
and further advances took place through
out the bond market. Notable gains were
recorded in tn latter department in the
1nterborough-M metropolitan AZ per cent
bonds and in the Brooklyn Rapid Transit
As. The traction issues were, indeed, ali
decidedly firm.
Features of Railway List.
In the railway list there was great
conveyance of interest upon Reading.
Union Pacific, Southern Pacific, the Hi
stocks, ST. Paul and New York Centra
There was nothing of novel interest, how
ever, to be deduced from the transaction
in the securities named. The general ten
denotes of the Industrial and miscellane-
GUS issues were identical with those noted
elsewhere in the market.
1t appeared to be the case that the
covering of short contracts was again the
chief source Of the markets strength,
although as illustrating the tenacity of
purpose of this speculative faction in the
stock market, it may be observed that
one large commission house which is
lending upward of 10000 shares of various
stocks had returned Notwithstanding the
extent of yesterdays rise in prices only
400 shares.
The identity of the chief figures in this
campaign for still lower prices remains
and is likely to remain until It Is dis
closed. one of the foremost topics of dis.
cussion of stock market affairs.