Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1895-12-23
THE MARKET BAROMETER
New York and London Stock Markets
Continue Unsettled, But Marked
Improvement Noted.
LESS APPREHENSION OF WAR SHOWN
British Papers Rejoicing over Disturbed
Condition of American Markets
Have Little Notion of American
Pluck and Resources-un-
American Bankers.

Have Little Notion OF American
Pluck and Resources-un-
American Bankers.
New York, Dec. 23.-The stock market
opened in good tone with speculation
very brisk. There was good buying in
which some foreign houses were promi-
nent.
Nearly all active lists made rapid ad-
vances, Sugar, St. Paul and Rock Island
selling at per cent, New York central at
1A, aud other shares at "a to q per
cent advance. Some realizing sales
caused q retrograde movement and de-
clines were recorded of from to 2 per
cent.
The market, however, was fairly steady
and there we're no Indications of q pan
icky condition.
The depression continued in force
about a half hour, the extreme decline
being in Sugar, which fell az; Western
Union fell off 2ss per cent; Rock Island,
~; Bur lington, u.
At 1:45 p. M, prices we're again NOV
ing upward, Pullman selling at 6 and
other shares at from ! to per cent ad-
vance. There are evidences of buying on
short account.
FLUoTUAT1Na MONEY MARKET.
Wall Street, 80 a. m.-Money is now
loaned at per cent. At 11:45, money on
call now at 30 and 35 per cent.
CLEARING HOUSE CERTIFICATES PROPOSED.
The clearing house committee of the
New York Associated banks met last
night and decided to recommend the is
suance of clearing house certificates.
Another meeting will be held to-day to
arrange the details.
The meeting of the clearing house as
sociation to-day gave the committee au-
thority to issue clearing house loan GER
tifcates to an unlimited amount.
Boston.-There was notable reaction
from the panicky condition of last weeks
market at the opening this morning, and
it is now believed that the worst is over.
Gould, Hall & Co., suspended to-day as
result of the slump in the stock market
Friday and Saturday. Firm is small
one.
CHARACTERIZED BY MARKED STRENGTH.
Speculation between II and 12 o'clock
was characterized bv marked strength
and many leading shares moved up to
figures above the high point of the morn
ing. The prices of leading stocks shaded
after midday but the losses were soon
regained.
NEW YORK UN-AMERICAN.
President Tappen of the Gallatin Ma
tional bank, who is also president of the
Clearing House association, has been de-
nouncing the action of President Cleve-
land in unmeasured terms. He said:
"The banks are in good shape to meet
the trouble if it should come. The Clear
ing House banks have $2O,OO0,OO0 in ex-
cess of the legal reserve, and they will
stand up to the rack under any circum-
stances. The president has been pre-
cipitnte in this Venezuelan matter, but I
presume the bankers of the country will
do what they can to straighten out the
mischief"
Mr.. Tappen was one of those who de-
manded special meeting of the Cham
Der of Commerce to oppose the pres
ident's policy. The meeting has now
been abandoned. A poll of similar
bodies showed to-day that the New York
Chamber OF commerce stood alone IN op-
posing, even to the extent Indicated In
the call for special meeting OF its mem
bers, the enforcement OF the Monroe doc
trine.
Chas stewart smith, the leader IN the
movement mas reaa some disagreeaole
things about himself IN the local papers,
and personally Withdrew the call. Ihe
chambers OF commerce throughout the
country may DO thanked for this action.
ono ~ ..:s. anu q. ono ue Vu0 Pon1y
neonlcs
,, ,...o
hoSpos nAAAI1 .ntAo'AD.
London.-At o'clock this afternoon
there was less excitement on the STOCK
settled. There was a disposition to take
more hopeful view OF the Venezuelan
ques'ion poi.l0aliy, ~. grave appren.nn-
financial outlook IN the Units a states.
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