Show DEAR MONEY HAS NO GREAT EFFECT Tide of Speculation Strong in W Street HEAVY DEMAND FOR STOCK PRICES ADVANCING BY LEAPS AND BOUNDS New York Dec verY large and variegated absorption of stocks marked proceedings in th market The heavy demand for stocks at an advancing tendenCy of prices was a convincing demonstration tion of the confidence In values and the strong hopes for further advances There was some that the Christmas would prove to have been overdone on sentimental consid oratIons There was it good deal of admonition to be heard also in various quarters of Wall street this morning exhorting to caution and conservatism for the last week year owing to the heavy requirements upon the money market and the danger of em to those in speculative The 36 per percent cent money rate before the close gave point to the warning But the course of market soon dissipated the apprehensions that the Christmas ad advance vance was over and made small ne count of warnings of the conservatives The money market seems to have no terrors for the speculative spirit any longer the stock market having suc withstood such flurries In money so many times this fall that the safety of the position Is felt to be as assured Speculative confidence continued unimpaired and there were reported to today day perceptible growth in the outside stocks rue profitable character of stock ex exchange change business was by the rapid advance In the rates for stock exchange seats A sale was reported today at and numerous bidders were said to lie seeking seats with the lowest at The price of seats as bight as for forthe the first time in the history of the stock exchange last week Time aggressive leadership assumed today by UnIon Pacific and the United States Steel stocks was of large on sentiment There was no specific news regarding either stock but a strong impression was produced by the very belief that the heaviest demand came from sources near to the control of these companies Copper securities of all kinds were animated and buoyant The extraordinary move meat In Anaconda found Its Lion in the later report of an enlarged dividend disbursement Amalgamated Copper derived direct benefit from its large holdings of Anaconda stock It made its best price In the last few minutes of trading But the rest of the market was quite sharply affected by bythe the on the day rise which became general after midday and which was aggravated by the violent flurry in money In the last hour The closIng wat easy and the days extreme gains were much impaired BondS werl firm United Stats bonds were all unchanged on Total sales pare value |