The daily morning journal and courier., 1895-12-24
WALL STREET BREArnEs EASTER.

ly Relieved,
 New York, Dec. 23,--A radical change came over the financial situation to-day and, while the prices of American secu- rities are away below the level of less than q week ago, the market has turn ed, for the time at any rate, and Wall street is in almost as happy frame of mind as it was before the presidents Venezuelan message was issued, Bank CTS, brokers, investors and spectators are inexpressibly relieved. Those whose securities showed them immense losses are happy that some of the loss is re- gained; those who were upon the rag ged edge of ruin Saturday night have been placed firmly upon their feet again by the rising tide, and finally others who believed that the worst had been seen last week and jumped in and bought at the lowest prices have made great gains.
 The sun certainly shone brightly on Wall street to-day. The first cheerful news received was the fact that opera tors on the London stock exchange were again buying American securities, and had raised the prices before the open ing here by their purchases from E to 1 lA points, the latter being the advance in St. Paul, the pivotal stock.
 HOW THE RISE STARTED.
 Brokers here took hold of the market at 10 o'clock right where London held it, and began to do as the foreigners had done-buy. There was some little selling by houses which had to settle or by banks realizing on brokers col laterals, but these securities were swept night in and big operators and com mission houses went right on buying, with the result of steadily advancing the quotations late into the afternoon.
 Encouraging news was the order of the day, and it came in big quantities. Londons change of front was no sooner known than the fact that the clearing house had decided to appoint a commit :. tee to issue loan certificates in case the 1 situation became worse was announc- l ed, and the bulls went to work with re- newed vim.
 ~'NNNS members of the stock exchange had been able to settle their accounts at 1 their clearing house. There had been much anxiety upon this point, as this morning the settlement was made for | the tremendous dealings of Friday and 1 Saturday. It was feared that some houses would have such losses to meet l that they would be obliged to cry quits and see their collaterals sold out to make good loans. All accounts went through safely, however, and not a check was missing for debit balance. The clearings were unusual, as seen ! from the following statement of this mornings operations:
 l Actual shares cleared, 3,76S400; value i shares cleared, $196, ,9000O0; share bal ances, 393, TOO; value of share balances, l SIT, 200 GOO; cash balances, $761 900; bank certificates reduced, $64,O00,0CO; sheets cleared, SIT
 l Anxiety over the treasury's condition ! was relieved by various rumors. It was 1 said on good authority that the Roths- childs and other London bankers had l decided to buy an issue of bonds if it | Was OIL6Ieu WllN SOIu. l All the foreign houses here declared that they would cancel all orders to l ship gold on Wednesday if possible, 1 thus greatly reducing the weeks ex- ports.
 Home bankers expressed their readi- ness to furnish gold for bonds if called upon, and one bank-the Phoenix Ma itiona1-stepped up at once and deposited $1O0000 in the sub-treasury in return for greenbacks.
 At 2;3o o'clock the advance in prices ranged from to points, almost as much as many of Fridays declines. Money rates varied from 6 to 8 per cent, but loans were made at 6 per cent with substantial houses on good l collateral
 1 GOLD SHIPMENTS. 1 Late in the afternoon loaning rates for money broke to 6 per cent on J. P. Morgan & Co. putting $1,75o,0oO into the street at that rate.
 Muller Schall X Go. will ship $300,000 and L. Von Hoffman x Go. $250,00o gold l on Wednesday. The Merchants bank of Canada will send $100000 gold to Canada. The Bank of America deposit i ed $50,00O gold at the sub-treasury.
 H. K. BURRAS ASSIGNS.
 Howard K Burras, stock broker at D l Broad street, whose suspension was an- nounced on Saturday, has filed an as- sgnment for the benefit of creditors in the county clerks office to Leonard iG Vail MT. Burras has been mem- Der of the exchange since December 21, 1876.
 FAIL, BUT REOPEN BUSINESS.
 The failure of James Walsh & Son, money and bullion brokers at Wall street, was announced al 1 o'clock this afternoon. The order was counter- manded this afternoon. The office will | be open as usual
 BOSTON FIRM FAILS.
 Boston, Dec. 2S.-The firm of Gould, Hall x Co, brokers, announced their
 suspension on the stock exchange this