The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-28
IN THE STOCK MARKET.
Several Factors Of Apprehension Have
Been Dissipsted
AND SECURITIES SHOW A GREAT RELIEF
Increased Buoyancy Was shown and
closed with Burst of Anima-
ton mt Top Prices.

New York, December 27-The market fol
securities showed the effect Of the great re.
lief felt by the dissipation Of several factori
| of apprehension. and prices mounted with
increasing buoyancy as the day progressed
The market closed with a burst OF ANNA
ton and strength at the top level Of the day
Net gains In a number OF important railways
reached points and long list of advances
a point or better. Among the industrials and
specialties gains were even more striking,
quite a number having advanced from to IL
poiuts as a result OF the days trading. De-
niand from an outstanding short interest TO
cover accentuated the strength Of the latter
group, those which have recently suffered
most showing the greatest beneht from the
days business, Brooklyn Transit was almost
solitary exception and was subject to vigor-
Gus attacks all day in an effort to unsettle
the market and check the advance, but this
stock, although 1t ranged over more than 4
points, closed with a net loss of only point:
The leading influence in the department OF
sentiment was the quiet and orderly manner
in which the periodical settlement on Lon
don exchange came. Since the last settle
ment on that exchange. Great Britain has
suffered three notable reverses to its arms IN
South Africa, its three columns of invasion
have been paralyzed, and, as result, alarm
/
were felt that the resulting shrinkase In
values would prevent many operators on thu
London exchange from meeting their enguse-
ments at the current settlement The news
this morning that no acute difficulties mad
DEVELOPED, that money conditions were easy
and prices inclined to advance rather than to
decline, brought immense relief, which was
promptly reflected at the opening hour in an
advance all along the line. The only notable
check came with the news of the failure OF
Boston stock exchange house, but this
influence was only temporary and slight. The
conditions in the money market were notably
easier and one of the largest individual money
lenders in the street made large loans to carry
over until next Tuesday at the rate OF per
cent. The current rate ruled from to ) per
cent.
The close of the year is universally expected
IN terminate the period of severe stringency
and be followed by relaxation owing TO the
disbursements of dividends and interest which
will be on an unprecedented scale. There was
some discussion of the probable amount of
gold exports Saturday. These are not now
expected TO be large, owing To the easier con
ditions in the London money market. rne
buying to cover short contracts. although 1t
was a considerable element in the advance.
was itself induced by the very substantial
character of the buying for long account and
the msnfesty small supply of floating stock.
The trading did not take on any great ami
nation until near the close and the indi-
vdual transactions we're not on large scale.
In fact, the number of add lots traded in was
a feature of the day and reelected the nves,
ment demand by buyers who take stocks out
of the market to lock UP and keep.
Investment buying was in evidence also in
tho bond market. wherever tho fall in prices
had offered opportunity to secure fair returns !
on money invested. The bond market was
active and strong throughout. Total sales
par value, Sa,320.000.