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Show 3 RALLY OF STOCKS I MABKEJFEATURE I Bears WJio Are Short Rush to I I Cover; Selling Pressure Is 1 1 Withdrawn. j I Ingush situation has t RESTRAINING INFLUENCE 1 Itrike of Switchmen in North- I west Likely to Prove Dis-t Dis-t turbing Factor fi NEW YORK, Dec. 1. Prices of stocks t '-had a substantial rally today. A genii gen-ii eral demand to cover outstanding shorts 1 came from the bears, and tho withdrawal rbf selling pressure marked tho subsidence i kit apprehension felt for several days ' over the anti-trust programme at Wash- i incton. Another Influence was the formal action by the house of lords in London 3 In appealing tho budget decision to the 'i electorate. Tho opinion holds that the stens made necessary in British fiscal af- 1 fair5 hv this action, as well as to the .i 'unsottlfng influence on public sentiment J0f tho grave governmental issues ln- 1 volved, are destined to have a restraining 'j effect on financial markets for some ' Tho same mixed view may be said to Ihold on the lfcrger in the corporation i regulation question in this country. Something Some-thing was made today of tho report of fan Intention on the part of tho department depart-ment of justice to ask for a poslpono-4ment poslpono-4ment of tho hearing in the American To-vbacco To-vbacco caso before the supremo court, fwhlch was set for December 13. The first view of this report seemed to mc of a umttlng oft of an evil day from the stock 'market standpoint. This view was modi- 3 (fled bv the expressed eagerness of cor- -poration representatives for ns early a 2 'conclusion as possible of tho pending "J ''cases. 1 Tho demand for stocks, which" was at- itribuled principally to tho uncovered If shorts, was desultory and showed some H 'hesitation at the higher price levels. -22 iThero was a resumption of leadership by -somo of tho highly speculative issues and 1 "a renewal of deal rumors. These Gen's Gen-'s tered conspicuously about tho dissolution "I lof the Rock Island and St. Louis & San - i-Francisco union and the possible nlterna-3 nlterna-3 Utlve alliance that might bo made. I x Tho retention of the same dividend 'rates bv tho New York Central and the vi American Smelting disposed of rumors A of an Intended increase, but did not pre- event those stocks from advancing with 3 the market. Chicago &. Northwestern burnished another example of tho recent oof Itondencv of stocks to decline when stock increases are proposed, however attrac- tivc the subscription rights to present stockholders are made. f The effect of tho December money set-atlement set-atlement was perceptible in the rise in call f;l 'loan rates late In the day to per cent. "A The continued large engagements of gold ' for export and the withdrawals of cash 'from the banks by subtrcasury operations '. have naiTOwcd the resources to meet the rDacember 1st demand. The railroad fswitchmens' strike in the northwest z4 proved a disappointment of hopes thnt a It' satisfactory settlement of labor contro-? contro-? ;vcrsles which are expected in other dlrec-i dlrec-i itlons would be effected. ? b Bonds were firm. Total sales, par Yl '.value. $4. -126.000 '8 S. Hnited States bonds were unchanged on St 3 New York Bonds. Si tU S ref 2s reg.,100 111 C 1st ref 4s. 30 M u S ref 2s con.. 100 Interb Met -lis.. S2J 4U S 3s rcg 1011 I Merc M -lis... 71 SllU S 3s cou 1011 Japan -is SVg 31 m S s reg 11-13 Japan 4s 01 JiU S -Is cou.. ..llGi 1C C So 1st 3s... 73 Ullis-C 1st 5s... S4 D S deb -Is 1031. 9U Sl"Amcr Agri 5S...101E L & N uni -Is.. 09i SH'Am T&T cv Is. 1042 M K & T 1st -is. 00J 9 'Amer Tob -is... 774 gen 15s .. 80s M 'Amer Tob 6s...l0nJ Mo Pacific -Is... S02 .()! 'Armour Co -lis. 93 N R of M 43... 93B II ,'Atch gen 4s.... 99 N Y C g 3is... 903 fit&l cv 4s 11SS deb 4s ... 9Sg A t Cv 5s 1191 NYNH&H cv Gs.135 iSlJAtI C L 1st 4s.. 95 X&W 1st c 4s.. 9Sj uiTiB & Ohio 4s.... 995 cv 4s 991 -I'B & Ohio 31s .. 92a Nor Pacific 4s. .1024 S V 3s S92 Nor Paclilc 3s.. 726 Brook T cv Is.. S5Z O S L rfdg 4s.. 94 2JCcn of Ga. 5.S...107S Pa cv 3is 1915.. 9(! TTtCen Leather 5s. 9SJ Pa con 4s 1048 jfM fC R of N J g 58.124a Reading g 4s.. OSg C & Ohio 4Js...l03j St L.tS F fg 4s. 80 IAH-? ref 5s 1041 gen 5s S9. 3fl?Chi & A 3Js.... 734 St L S'w c 4s... 79 tliC B&Q jt 4s... 953 1st gold 4s... 93 JIf ?en 4s 99 Scab A L, 4s SI jHjCM&St P g 3is. S9.1 So Pac col 4s... 90S SftC R I&P Rc is. 79 cv 4s 1021 flL'f coins 101 J 1st ref 4s 94i m I rfB is 003 So Railway 5s. .109 jBlColo Ind 5s 81 gen 4s 803 MIColo Mid 4s 811 Union Pacific 4s.l02i! !tC&S r and o 4is. 97j cv 4s 1MB H IDel &. 11 cv 4s. .102 1st and ref 4s.. 972 iS'iP & R G 4s... 9G U S Rubber C.K..104 1 iK.ref 5s 032 U S Steel 2d Ss.1041 ii 2l?t,,lerR' 5s - 7S Va Car Chem 3s. 071 -jj lErlc pr Men is.. SI Wrabash 1st 5s. .1113 n mi 4s 751 1st and ex is.. 764 A m cv 4s set- A... S13 West Md 4s.... S3Z 5f f cv 4s ser B... 714 West 121 cv 5s.. 933 jrGen El cv 5s. ..1 iSj'wis Central 4s. 91 Treasury Statoraont. 'WASHINGTON. Dec. 1. Tho condition -.1 lof the treasury at the beginning of busi-, busi-, J jness today was as follows: 1J' Trust funds SIrm!? C0l, 5554,133.869 fPcn r ,fl? lars 4S7.03S.000 y : vcr dollars of 1S90 3,982,000 ;?) fbllver certincates ouLstand- gafh Jng 457,038,000 -T5I1 Gcnei-al fund ftillii tnnf,.aid silver dollars In gen- 1HV pGraI U,ncl 2.658,312 rt!l fet 'lla,1,1,tlcs 109,070 701 nrt!;Working balance in treasury tvihn0vflc I' 27t059,00S dtln banks to credit of treasurer 3rc.Sf ,l-he Unltd Stales 35,952.787 uM(xfi ,alri7' sllvcr coin 15.963,589 &U.rvf0,ln 1,222;515 wilotal balance In general fund. 81,935,125 lWJf New York Money. St' Y0RK- Dec- I--Close: m flm. mercnnllle paper. F,5J per cent. Piefc,,urll"s,05CC!,ance n'"?. with actual 5ecrSfi'8 ,a for Ixty-day bills and at S4.S775 !Safor demand. 1 Commercial hills, $4.83104,81. ftJSl Mexican dollars. 43 cents. r'oondriTrmCnL bn'1S 8lcat,y; rallroad ' A '-Money on call higher and strong, 4151 i'En crent: nilIn m,?- ''5 rer cent: closing 'i 6 p?r cent: ?frorcd ftt Ri Per ccn " LTlmf IoanB eas'or: for .stxly days, 435 ianf3 ?0r nt: for nlnoty days. 4J per cent2 for six months. 41 per cent. ' D IN i Bullion Movements. M toLffi- tafeB,,n,l,o0nt.he,TaS,no? Ncw York Flour and Grain. M 2livV h"OTK' Dcr- 1- Vlour Receipts, , ofrds: exports, 35.810 barrels- af ,ncatReccPta. 367,200 bushols- ex-ports ex-ports 168,005 bushels; spot, easy; No JI,i!5.I!?inlnal domestic elevator: No" Lwf 5L2ii "omlnal f.o.b. afloat: No 1 ai Sb!afloat; lmrd v;,ntcr' 5L,7J nomhlal , hcat and prlcns deel ncd under comnilV-:S?mUIa0 comnilV-:S?mUIa0 Kcll,,!,e on lar rccelpT.fa- 'cln, rnflc a"A noor export demand. The I :f2R0 'as senernlly Jc to ;c no", lower J Scmher. $1151, doled at $1 YsV x,V.'y; l BrSj ;-1-li51.0r1ji, closed at 51.043. |