Show DULL MARKET I PRICES FIRM Holders Had No Inclination to Sell Stocks in Wall Vall Street I Yesterday esterday Y MARKET APPEARED STRONG COPPERS LED THE WAY AIDED BY SMELTING New York Tork Dec Dee 3 The only effect per par perceptible from the stiff prevailing rate rute for tor forcall forcalL call loans today toda was a small volume of dealings in the market There was no apparent inclination to sell Eel stocks and the small buying was therefore effective in advancing prices The market had an ani i f of or decided strength through throughout i out in spite of ot the dullness The Tho strength was in evidence from the outset not notwithstanding notwithstanding notwithstanding withstanding some Borne degree of or apprehension 0 tr the threatening conditions in tilt outside market The renouncing of the option on shares of ot which was announced by b the Guggenheims Guggenheims heims helms on Saturday after the market cosed aroused fears ears of oC panicky condi in view of at the active speculation which has been in progress in mining shares After Atter the first downward plunge of at Its rebound and the development devel development development of actual strength in the market removed the fears of reflected damage from that source The notable price movements were jn n the class of at low priced stocks both in inthe inthe Inthe the railroad and industrial lists Prices advanced in these came in relays relas and thc he constant rotation of the demand kei kelt keit t tt t P the appearance of ot strength in the mart mar mari t i et pt when the large portion of the list was wasfi 4 fi tactically radically suspended and motionless 3 High priced stocks were firmly firm held and were strong examples amongst them themas as liS well Some of ot the das movements were associated with reports of special developments affecting the stocks but arc are without special foundation There were rumors of ot coming subscription rights to new Canadian Pacific stock Chesapeake Ohio was influenced by b re reports reports reports ports that holdings of that stock were to be taken over oyer for addition to the holdings in the Vanderbilt inter 4 A number of minor industrials were also aso prominent Erie Eric was as helped by bythe bythE bythe the report of net earnings for October which showed a large proportion of the gross increase conserved for the net not that the current average in other cases vases It was generally understood that the presidents message would not go to con congress grass cress until tomorrow There was a wide widely I Jy ly current assumption that the market had more than discounted any unfavorable unfavorable unfavorable able effect from portions of the message that might reinforce previously expressed views Mews which have been regarded as un unfavorable unfavorable unfavorable favorable factors in the market and that its actual publication might result in some Influx of ot demand into the market The copper stocks led by b smelting became effective factors In the general strength of the market The ruling rate for tor mon men money mency ey cy was higher throughout than on Friday Frida although the 27 per cent maximum of ot Friday was not touched The ury shows an absorption of nearly arl 2 already alread to figure In the new bank statement week The government institution also was wa accredited at the clear clearing ing house this morning for Cor over half hat a million dollars The supposition is general that It will he several days before beCore the money mane market mar ma market maket ket feels thE th relaxing effect of the re return return return turn of funds employed in the December 1 settlements Very heavy hea requirements also lie He ahead of the tho market for Decem December her ber 15 to which was added today the an announcement announcement announcement of oC offerings of New NewYork York bonds The Bank of England re reports reports re ports further heavy accretion of oC bullion But the downward course of at discounts In London was halted The cash demands upon the central bank banI from the English provinces is looked for this week to be maintained up to the end of the year ear Sterling exchange was very vcr weak at one onetime onetime onetime time but became firmer before the close Time money was very ery strong There was some profit taking when money mone went to the highest at 25 per cent in the after arter noon but the closing was firm arid and nd in course of 0 recovery recover Bonds were firm Total sales par val value value valno ue no United States bonds were were Yere unchanged u on call |