The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-12-29
STOCKS IN THE EAST
Board Room Traders Influence Prices
in Wall Street.
STRENGTH IN RAILROADS
LITTLE UNEASINESs OVER THE
FINANCIAL SITUATION.
Money Coming Into New York and
the Special Pressure at Boston
Has Relaxed-Gold Exports Excite
No Concern-Mixture of Net Gains
and Losses-Grain Market.

New York, Dec .2S.-The changes in
prices today were largely due to opera
lions by board room traders. The erratic
fluctuations in the market reflected the
uncertainty of this class of spectators.
They sold the market at the opening on
the lower prices from London. The sub
stantial character OF the buying demand
which they met and the consequent re-
fusal OF the market to 80 down caused
them 10 turn 10 the long side. The highly
mercurial speci5ltirs Were the features in
the dealings, and some of them were bid
up in Il rather sensational manner. Met
ropolitan Street Railway, Sugar and
Brooklyn Rapid Transit were the most
conspicuous features Of the market ali
day.
The rise in these was so considerable
as to invite the realizing OF profits to-
ward the closing of the day. This caused
the market TO run off at the cost OF
large part of the earlier gains eSta biished.
Iha November statement of the earnings
of St. Paul. showing the increase in the
gross earnings more than wiped out with
q. resulting decrease in the net return or
over S73, 0OJ had a marked effect on the
railroad list, which declined Sharply
throughout This fail from the top IeVet
in ST. PAIL was 1ss AMI reached q point in
a number of other railway stocks
o7conseqhefcra was mixture OF taes
gains and losses although the market
hardened in The final dealings on de.
Inand from the shorts to cover their con-
tracts. While the movement of prices was
largely dut to professional manipulation,
t1ere was a good value OF business repre-
sentin9 a continuance of substantial De
mand from outside sources through COM
mission houses. The demand for small
lots of stocks continued in evidence, and
especially on any TeceSsions IN prices
There was no evidence of,uneasiness over
the money situation and no pressure TO
sell stocks Although prices were lower,
there was no evidence of any fear OF as
trust at that point with the progress OF
the settlement. The money situation IN
New York continued easy and confluence
is felt that the short remaining period be-
fore the close of the year VIII be COM
fortably tided over
Some corporations are anticipating the.
January first payments. Money is com
ing TO New York from out-ot-town sour
ces partly in the form of returns on
Christmas trade, to be deposited IN tne
banks and partly in the form OF remit
tances TO make good losses on. stocks IN
the late decline and also for lnyestrpsnt
in new accounts in the STOCK market ne
special -preSsu re for funds from session
has relaxed and New York exchange az
that center rose TO par The shipments OF
gold ANNOUNCED for Saturday had little
effect on sentiment owing TO the feeilnS
tlrat forces are at work to OFFSET TINS
drain. H., 49,,
Business in bonds was on a fairly large
scale ard prices for the most part au-
varcei but there We're enough exceptions
TO make the market Irregular Iotat
sales mar value 2,275, 600. L. ;. As ana 5s
declined y and IS and old As u In the pio
price