| Show BUll AND BEAR FIGHT Stocks Went Up but Reaction Reac-tion Came ENORMOUS SALES REALIZED One Extrem In the Markot j Followed by Another Reports of Difficulties Mndo by Employees Em-ployees Over Reductions Have Effect on Stock New York Dec 3Tile bull movement In stocks continued in force during the curly stages of todayn stock market but tho precipitate course of the advance overran tn market and a reaction followed fol-lowed which carried tho average level o prices below last night The closing was easy and without recovery There was no news of thu day whose Influence 1 could be perceived in the market The momcntUB of iiic previous advance and the accretion natural to uny speculative movement after a given amount of pro ICES scorned the principal uleiionts of the atrength During tho bulge of the morning there wnis more appearance of animation and variety In the dealings than at any lime heretofore Stocks of all classes were transferred in enormous r blocks and at rapidly rising prices This Y Kicat activity caused skepticism about the market and Induced professional traders walchiul for ulsns of a turn to put out snort lines When the market paused after the first reliction and then Started upward again the demand from these uncovered shorts helped the new advance From the outset enormous sales to realize rea-lize were manifest In Brooklyn Transit which was a conspicuous figure In last weeks advance Amalgamated Copper fared butter adding a point of yesterdays Jivepoint rise before it was seriously al feetcd by realising Tho sympathetic effect n ef-fect of strength in copper stocks generally 1 gener-ally In home and foreign securities markets mar-kets and a violent advance In raw copper In London helped this oct I dropped back subsequently 2c and closed at a e net loss of Iic with decided effect upon speculative sentiment generally The C failure oC United Slates Steel preferred t to hold its lj points advance was another Lii an-other strong Influence in the reaction Reports nc Re-ports of difficulties made by employees he over proposed reductions in wages and rumors on ru-mors of tho closing of important mills b alf > 6 affected this stock It became known ot this morning that gold was taken in London mz Lon-don MBtcrday for account of Chicago and le Now Orleans to tho extent of thieu quarters ie quar-ters r I million dollars and additional engagements were mauc today o 000000 The renewal rates for call loans wero generally marked down this morning o Sonic unwary borrowers were apparently 1 In hope that still lower rates would prevail 0 vail late I In the day when they attcupl rrl to supply their needs and when Iho active speculation harlvil ready made large r i Inroads upon the avail Me money supply J e lh rate for call loanscS < s bid up to 7 percent 1m per-cent with te urgent inndH of Ibcso belated borrower Tilllcflurry In call money doubtless was tyotentlal influence influ-ence on the reaction blf cks The opti I IPAI mistic view of the Inn < mn f and Nuances tab ot the country taken h She Secretary of 1 the Treasury was a chCMng influence s There can be no doubt that confidence o bus been greatly increased in the future mI financial security of the country by the wE developments in tin exchange market Indicating In-dicating the accumulation of large 1 reserve alI I credits abroad beyond those being met by rfl the current Imports of gold The immediate lt i immedi-ate future of the market Is I of course tC t j largely l dependent upon the character and I the resourcci of those who bought stocks nr 1 today in tho tremendous outpouring to nE take profits on the previous rise tis Uusiusss In buituH wa principally In nat I speculative issues In which the I price par t movement was Irregular Total sales par value SiKCiOOO c IfIOjO nicli United Status bonds were unchanged ont on-t the lust call ft tht f NEW YORK BOND LIST 11 U S ref 2a reg 105X Hock Val 4t slOCV r l S ref 2u coup100 L I N unl Is Jffl p U S 3s reg 107 Man c gold s102 U S Za coup 107 Mex Cen In I 73 I 1 S n Is reg13 1 do 1st Inc ItS n S it la I J coupl l31M i St L 4s OG1 ct om U Sold 4s M 1H s reglOO h T 4s 9f i I hI T S old 4s coup110 do 2nds lf i l soW l S ns reB IU4NcfAIcxe4s 7fili I S Tis coup 10J y N V Cg nl s W Icl Alch gen 4s JOO ns N J CS 5s i0 do adj 4i i < j nVjJ Nor Pac Is 102 U f Atlantic C L4 i 9 d ihi Hu OJk laU 1 0 Is 101 0 S L Is and p i H2 I m do a4s I > 5 Ienn l c 3 < unc I Wl I c s CVn of Ga I lo Reading gen Is I WrJi do 1st Inc Ii St L I M c fHllOJ he Ja i Clusa O HtsiH2l 1 St I LAS I F fg In 5S Inel C A 3 is 7IA St L Sw JHH Kl C H Q 1 4M 9AJ Sea A L 43 70i s C M St Pe IfIll So Pac 4s in Chi L N w c 7sKX5 So Railway is113 Hnlwa j J C R I P in 70 T 1 P lst 113 00 col t 77Vi T SI L W Is I 70 C t C St L I g ri Un Pac to I 102 Chi i Term iii i f 7G do 11 Is 15 Con Tab is 57M r S Stel 2d fts 7051 tolo i So 4s Sl < Wabnsh Ists lIS 1 D I G 1110 do dh R 1 I Eric p lien is DSft W t L E is S J tb lo Pen 4s ST i VlB Con 4s 117t Ft W 1 i D I C latlOri 1 f F I 5n 1 l i 11 NEV YORK CLOSING STOCKS Sales lllsrb Low Close J I Atchison 75770 fil3 GIf ISr prcfciTid 23W 03 2 021 I Ualt Ohio 20070 Sfilu OA 70 1 proferrul f > 00 X5 iS W Canadian Pnc 8000 lIOVs USli Hgi 18 Out of N Jersey ISO r = o ChcsOhhi I < o aTJ u 32 1 c 12 o Chic t Alton 2200 35V 344 li4 ircrrrcd 2fjO 71 7 7J 71 Chic St G West OlKXI 1G Hi i 11 U u prufiirod 1300 2Si 2H 2 S Chic N West lSOO 109 10S 1W tc Chic 1 Train 1tj preferred 11 ISli 18j 17 c r c st L 7i Colo South 070 15 1 11 1W I > preferred SOU 55y c C5 tv 2nd preferred 1100 13E i s IlrlCerrel I 1fia A iud 10 19 1TI5L 1Il I r 1f 1F I DIt Laic West iC0 1 213A 12l4 1 t If 2131 D k R G J 1 21 If 21 1 I ptuEerrd r01 jO Ilh 10 I 4 Erie lu 2S li 2 3at preferreti 0000 KSi I 81 tlJ li o f1 l 2nd prcferreil a110 Mi 491 l3 i O Nor pfd 100 Hacking Val u 71 7117 iitj I VIK prferrcd g3y u Illinois C rni SHi JSlvi irOVi C I OI I i I Iowa Cent 2 < j j 22 2 221 fl 21 Il ln preferred 33 eSY han City 3o sf 20 20 20 J c prefirrol 4I 1 3fi 53 35 a or Lou In A Nawh 47w 0 Kffi u i 10o > 1drII I Mni2tiar1 1 1VJ5 IL Hia HiS ndd I Mt St P 11 i i 7ilo 1 12111 i ot IIO4J lInn 5t L 1 nn corltfj rj 0 fni rM I 5C ttl oW I Mlutnurl Ijic 53CT 0315 re = Ji 2SL InGv i Mo Knit ft Tex I on 1P S i4i o o5 prcfemd aWi w4 CTJ 391 r lble Nat R li of Mexico t for rreil 11rtrrl1 23 bilItl New iorlt Cent TivO 4 KfJi i lis 1c IISA r I t sb 1iC I NorffcWest 6500 f7 = 5 58 < B fg prefcrred 1 1 I It i Ont Vcit l oay 22w 2iii 2tr4 jy P t Pennsylvania 102C70 llv usit nsit 0 t A P C I r st L I 200 R3i raij 02 I OJ21 fIJ i k Reading 25115 45 wl B7 j 0t isi preforrcd 420 i 78 777 7710 I 1 1ud preferred W CO fflii I ou tlll Rock fslaad Co 4it2tW 24 20i fii m0fl jf prof rrcd E2i3 04 Ol = Ji oii to t Bt L Sc H F 1st pfd 03 I T1fb 2nd preferred FSO 4 II i i 45 I Oil R BLLSVT cw nu nu u I eI r t preferred 2000 Gill I l l 3g St t Paul rirFi ujTa 1 J42JI 1Ii preferred 20JJ 172s 172 172 Southern Pac SWi tSVi 47i 17 Southern Ry lOEO 20i 20 2l preferred 2W lJt 7S 7S rex Pac U840 Mfc 25X 23i Tol I St L W 201 liVi 1 22A II4 preferred l 4tO iU H Ji 31Vi I Union Pac 734 III 70ft 73 7S A preferred 220 SS 1 > 7A Sill Wnbnah 1500 20y OM 2f i preferred ij00 3S t r7 > 4 27 W L Erie llf0 JS 17 ljh Wisconsin Cent 1700 17 17 VI 37 preferred 13CO SSVi 37 37l Express Companies Adams i 220 American 200 1S3 JSGl 1WJ United Stales 101 Wells Kargo 200 Miscellaneous Amnlg Copper 135300 473i i 44s Jo Amer Car F KX > 20i li 19 I preferred 100 C7 1 17 u G7 Amor Lin 011 UK Oi fl preferred 2 I Amur Loco fIO jii Vs 1C lli liroferred 8SO 7SVi 78 77V Amer S Ref 81oQ 07 I9 f llV 1 4 lirefornsil lt21 III JiOli 90 Amcr Sugar Vef 17200 12G2 121 123 Anaconda AI Co 2000 SO 77 71J Brooklyn R lran 30SO DO IR J 43A Colo F 8 Iron 1lf1 237 21 J7ij Col Hock ConI W 1H i HVi 114 Con Gnu 11KJO ISO 17D 17S Gen Elec lSOO ICC 1C1 ir3Vi Inierna Paper 11 preferred < 100 05 C5 t3 Inlcrna I Pump Of 30 preferred 10 75 75 7C Nat Biscuit 3CV Nat Lend 07100 17f 1Sv IC i i North Amcr 250 77 7Vjx 75 I 1nc Mall S20 2Cf 25W 2ol Peoples Gas I C100 fi7vi iCi HCli P Hteel Car ICO 27J 27 27 preferred 100 i77 I > 4 07J C7 Pullman Pal Car 100 1 217 217 ½ 21fi Rep Steel r00 7 i 711 < 7 preferred sod 43 42i 12 I Rubber Goods 4700 19i 1SV ISl preform 220 72 = 1 72i 72 Ten C Iron lCOO 3ti 31 33 U S Leather 1300 7 7l 7 preferred 1000 TSi 77vs 77A U S Rubber IIj preferred lSlh U S Steel 2J2J5 mi in 11 prefurrod 110320 rest > 57t r-est Union iCOO 87Vl hjl1 Nor Securities SO Total salca for tho day 1 Oi9100 tiharta |
