Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-12-09
NEW YORK STOCK MARKET.

NEW YORK STOCK MARKET.
New YORK, December s.--The stock
market to-day was again very active aud
irregular, but on the whole weak, and
while the movements show no uniformi-
ty the majority of the final changes are
losses. The market, however, was de-
cidedly strong at both ends Of the day.
and the temper was such Us to show that
with any real inducements to buy,
coupled with reasonable assurances that
the money to carry them will be forth
coming, there would be a good and ex-
tensiye demand for all good stocks.
RUSH TO COVER SHORTS.
There was rush to cover shorts in
the early dealings, which, on compare
lively limited offerings, soon brought the
list up above Saturdays prices from to
81 per cent, Rock Island, Missouri Pa
cifc, and Changers generally leading the
improvement
MONEY VERY DEAF.
The prospective relief to the monetary
situation, however, was of no immediate
avail and money on call became very
dear. finally reaching a premium OF per
cent. per day for use in addition to legal
interest. At the high prices also there
appeared a disposition to liquidate long
accounts, and the bears Immediately be-
came aggressive and hammered the list
all along the line.
ALL STOCKS LOSE.
All the leading stocks had soon lost
all Of the early Improvement, and as the
pressure WAS kept up without Interrupt
ton the losses from the highest figures
extended to 81 per cent. in Missouri Pa
ciic. The downward movement was ac-
tolerated by the announcement OF the
failure Of large hat-house uptown,
while the old rumors about a United
States Cabinet officer being in financial
straits was rehashed and made TO do
duty again.
THE FEAR OF CONTINUED FAILURES.
The fear of continued announcements
of failures in the mercantile community
has become one of the great restraining
forces in the stock market and every
fresh one serves for time to depress
stocks in general, although it may not
be known that the firm is ut oil In
terested in securities.
GOULD STOCKS WEAK.
The weakness OF the Gould stocks was
pointed ont. The attack upon Reading,
which forced its price off to 26s, was
made the occasion Of a revival of the old
story about a liquidation of the holdings
Of the pool. There was undoubtedly
a great deal Of liquidation OF long ac-
counts, but there is no evidence to show
that they are anything but those OF pro-
fessional traders OF the street.
MORE CLEARINGHOUSE CERTIFICATES.
The fresh issue Of one million dol
lars in clearinghouse certificates was
also used against the market. The
tightness in the money market passed
away toward the delivery hour, and it
became known that one million dollars
in gold had been ordered from London,
which again set the shorts TO covering,
and prices moved up rapidly in some
stocks in the final dealings.
SOME GAINS AT THE CLOSE,
The improvement, however, was in
sufficient to wipe out the losses OF the
day except in a few stocks. Among
these latter the stocks which led the
early advance were most conspicuous
and some Of them closed with a material
gain on Saturdays price. The market
was active and strong at the close, but
most OF the stocks are left below Satur-
days figures. Sales of listed stocks
407, 900, of unlisted 81, 900 shares.
MONEY AND EXCHANGE.
EUcnip1. Exchange active and weak.
at 480a4S4. Money tight at 6a96 last
loan, 6. Sub-1reasury balances-Coin,
S1A, l01, 900 currency, -, SS5, 900. Gov
ernments dull but firm; 4per cents, l22 ;
4I's, 1913. State bonds entirely neglected.
STOCK QUOTATIONS..