The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1895-12-24
MORE HEAL thy MARKET
Prices Take a Whit Upward, on Favorable
Impulse From London Market.
HEAVY OFFERINGS OF MONEY BY BANKERS
ALI Looms Drop From 30 TO Per
Cent ana Finally TO 3-Siocks for
Cash Pick Up Wonderfully Belief
In Cleveland's Prompt Action to
Replenish the Gold Reserve.

NewYork, Dec. 23-Wall street breathed
Ireer to-day and there was IN conse-
quence decided gain In prices. The market
received its first impulse from Lond.:m,
where American securities opened with
gains extending to 2 per cent. in some
instances. Our market followed quick
~, and I'm the initial trading sharp
rises were recorded in the entire list.
buying orders on Il large scale then
made their appearance In the market
ana q steady appreciation in values fol-
lowed. The buying was stimulated by
the acttan of the New York Clearing
House Association, which decided ut IL
meeting held at noon to issue loan ceItf-
tcates If required. This means that no
brokerage concern with anything like
marketable collateral need pay fancy
rates for money and Is of the greatest
importance to the street. Almost stimuli
tancouSly with the official announce
ment of the clearing house action there
were heavy offerings Of money by j.
Ptcrpont Morgan e Co.. Flower & Co.
and other prominent firms. and call
loans which had commanded as high as
10 per cent. on pledge of fancy stS6lts
as collateral dropped quickly to per
cent. on the regular dividend payers and
finally fell TO 3 per cent.
n feature of the days business WAS
the picking up of stocks for cash The
fact that the settlements at the Stock
Exchange Clearing House passed
Through successfully and q belief that
President Cleveland will act promptly
IN the matter of replenishinG the gold
reserve in case Congress should delay
both acted rs L sustaining influence.
Late in the day the failure of II. L.
Lnnshaar was announced. but this
had no effect as ii is generally believed
that the liabilities of the concern are
small The Improvement in prices rang
ell from to 9 per cent. and ;nt the
close the gain was well maintained. The
Important advances follow: Pullman
Palace rose 8: Consolidated Gas. S; Rub
ern. preferred, 6la: Metropolitan trnc-
ton, 6; Atchison preferred, AZ; Rock
Island, Ga Sugar. 4; do. preferred. 2ia
Alton anu Terrc Hautc. s; Tobacco. g.;
lay State Gas. 81: Rig Four. 3; Bur
linGton and Quincy. 3ss; Chicago Gas.
6i&: Northwest, .; st. Paul, Az: Colo.a-
do Fuel, 32; Lackawanna, 3; Delaware
and Hudson, 3A Denver, Rio Grande
preferred 33s General Electric. 29s;
2A; Louisville and Nashville. 2ls Man
haitian. 2ai Kansas aud Texas, pre-
ferrcd, 4: Missouri Pacific. pa Lead. 4;
do. preferred, 4: Jersey Central. L: New
York Central, 5: Susquvhana, preferred
g. southern halfway, preferred, q;
Omaha. !: Tennessee CC2!. .; CSrdaGe,
guaranteed, 81 Leather. preferred 8;
2%. Speculation closed firm. T;.al
sales. 392.1sS shares.
Railway and miscellaneous bonds
We're irregular. but In the II :in firm
The mortgages which suffered severe
Losses last week scored rccOvcrieS of
lac per cent. The total Salts were
3.20! .0G0. In government bonds S5G.OG0
coupons. 10. brought ll2iG@llo. or Il
decline OF IL per cent.