Evening star. [volume] (Washington, D.C.) 1854-1972, 1895-12-30
FINANCE AND TRADE
An Advance, in Stocks, Followed by
Realizing Sales.
COMMENT ON=WANHINGfeN mVIcES
Popular Loan Conceded to he I'm.
likely.
GENERAL MARKET REPORTs
Special Dispatch to The Evening Star.

Special Dispatch to The Evening Star
NEW YORK, December 30-Initial sales
this morning were fractionally irregular.
with concessions predominating. An i'm
mediate demand for all the usually active
shares was encountered, and gains ranging
from to 2 per cent we're recorded at the
close of the first half hour. The sudden
ness of this movement convinced the room
of Its breyity, and general realizing
movement was fnaugurated, forcing a
prompt return to the opening level. Later
trading was dull and without significant
feature.
mittee and the failure to issue any loan Ger.
tificates inspired confidence in the normal
condition of local finances.
Indications at the close of last weeks
bu siness were favorable to the issue of at
least two millions of such certificates The
demand for money continues, the settle
ment of the half years obligations and the
recent furry in speculative and banking
circles combining in making actual rates
mere or less problematicaL For time ac-
commodations, however. satisfactory terms
are possible. almost invariably.
Advfces from Washington have lost mona
of last weeks absurdfties and tend to COM
plicate conditions relative to the new gov
eminent loan.
A popular loan is generally conceded to
be out OF the question as no syndicate
would be willing at this time to underwrtts
such an obligation. The stories OF assist
ance from cont mental Europe duplicated
daily with a slight geographical change.
money necessary for the immediate eeds
Of the government IL much nearer home
and local institutions ere willing to respond
Immediately that the deIai,s are officially
announced.
There is no reason for doubling that the
plans Of the government are already per-
fected and are liable, in the even of GER
tain contingencies, to be given out at any
moment In view of these facts the
chances of the revenue bill in the Senate
are worthy of careful attention, as the
success Of this measure, coupled with bond
authority. already vested, would revive
confidence in the treasury's ability to have
the larger figures in it's income column.
London Is disposed to regard the Russian
episode with some disfavor, injurious to
our stock values, because Of fears Of poxsi-
BILE diplomatic friction. Some small dis
to state compile atoms keeps foreign houses
out of sympathy with the belief that our
market is disposed to advance rather Il an
to materially recede from the present level.
The market for foreign exchange is re-
ported as being dull and firm. with COM
mercial bills in fair supply. The several
houses noted among last weeks applicants
for gold at the subtreasury were not ship
pers by Saturdays steamers. The amounts
withdrawn were presumably boarded In an
ticipation of bond purchases In the near
future.
Such speculative conditions as are rot d.
Iectly influenced by pending legislation are
favorable to higher prices. If Washington
contributes its quota of remedies, the pres
ent range Of values will give way to moro
accurate estimates of merit