Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1895-12-27
STOCKS HIGHER.
Trading Very Active at New York
Under a Strong Market.
Considerable Foreign Buying-stock
Exchange Decides to Issue
Loan Certificates.

New York, Dec. 23.-It has been q
long time since the stock exchange has
witnessed such lively opening as it did
Monday morning. The brokers were
in better spirit, and long before the
opening 1t certainly seemed that n
strong reaction had set in and that
the market would see sharp recovery
Monday. Seldom has Wall street been
SO active at such IN early hour ms it
was Monday. The good feeling mani
tested on the exchange was attributed
to the better tone for Americans in
London; the statement that the clear
ing house would, at meeting at noon,
recommend the issuance of loan certifi-
Gates, if necessary, and the efforts now
making Mt Washington to relieve the
treasury situation.
The opening of the market was ex-
cited and attended with a greater
strength than for some days past.
The largest crowds were in St. Paul,
Rock Island, Chicago Gas, New Jersey
Central, Burlington and Sugar.
Enormous Number of Outside Buyers.
A feature of the opening of the mar
ket was the enormous number of orders
from "outside" investors. Almost
every broker had his share Of this bust
ness, and as the purchases were out
right tended to steady the market.
give confidence to the brokers and make
them happy, inasmuch as the dealings
relieved them from further responsible
ity of the orders.
Foreign Houses Have Buying Orders.
Practically all the foreign houses had
buying orders Monday morning. The
orders came from all parts of the CONT
nent, and in the aggregate ran into the
thousands of shares. The fact that all
the settlements of the stock exchange
clearing house were completed before
1880 q. IN. was another development
which tended to inspire the street with
confidence. AS the settlements were
carried through successfully, the sensa-
tional rumors which were current late
Saturday about impending failures of
big stock exchange firms were ut once
set at rest. Prices in the first hour
brushed up anywhere from one to six
per cent.
A further rise in prices was recorded
at the stock exchange after II o'clock,
and brokers with Vanderbilt and other
strong connections were buyers of the
market. The advance brought about
realization by operators who had
bought for a turn, and there was n re-
action of one to two per cent. Specu-
lation near noon was active and irregu-
lar. The stock exchange has ruled
that securities in the name of guaran-
tees by insolvent members are good
delivery until further notice. This
will prevent considerable friction in
deals between members.
Stocks at 2:3O p. m. were steady to
firm. Eight hundred thousand dol
lars have loaned at seven per cent. per
annum.
To Issue Loan Certificates.
At 12:45 p. m. the clearing house
association decided to issue loan GER
tificates which shall bear six per cent.
interest, and commission of LILO per
cent. F. d. Happen is the chairman
of the loan committee. No banks have
applied for the certificates as yet.
Another Failure at Boston.
Boston, Dec. 90. = The failure was
announced Monday forenoon of Gould,
Hall & Co., brokers, No. Exchange
place. The house is not a large one.
On London Stock Exchange.
| London, Dec. 20. - The stock eX-
change market Monday morning
opened better all around, and there
were numerous buying orders. Con-
soils were strong, and American rail-
way securities rose from one to two
points on buying for the English and
continental accounts.
The improvement in the tone of the
market was not maintained. At 1918
4 III. American railroad securities again
became unsettled under selling, and the
nervousness in reference to all Ameri-
can stocks was almost as pronounced
us ever. Consols have again relapsed.
Offer a Conditional Peace.
/ london nac C2.A liepo%Db fro,,,