The age-herald., 1899-12-30
RELIEF HAS COME. TO WALL STREET Prices Went Up in a Striking Manner Yesterday. MONEY PRESSURE IS OVER
 S.Fe4 Gains in Speclalties Were Larger Than in the Railroads-In the Late Strength Trunk Lines
 Were Conspicuous
 
MONEY PRESSURE IS OVER

New York, December 29.-The New York stdek market testified it's relief over the practical completion of the yearly settie- ment by bidding up prices in striking manner today. There were signs of hesi- tation and reaction at one time when the morley rate Hurried to 10 per cent. simul- taneously with the appearance of the statement of the November earnings of the Chicago Burlington and Quincy railroad. This statement showed a decrease in the surplus earnings after changes for the month of over $215OOO and coming on top of yesterdays similar exhibit by the Chica- go, Milwaukee and St. Paul made natur- al impression sentiment, as going to show the inevitible effect of the high prices of material upon the operating expenses of railroads
 The grangers were most affected, but prices in the railroad list generally ran down to about last nights level. The completion of the period of money pres sure, however, over shadowed all other considerations and gave rise to a feeling on the part of security holders closely akin to exultation. About the time the London stock exchange closed the most notable movement of the day was inaugurated.
 In our own market loans made today win carry over until next Tuesday. It was this fact which ran the rate up to 10s per cent. A favorable bank statement is counted on for tomorrow in spite of the fact that some $6,D0O0O0 of gold exports will figure in the statement. On the regular export move ment of money to the interior the prinoi- pal banks have gained upwards of $2,500000 and on sub-treasury operations they have gained $l,4SS,e00 Besides this there have been very large receipts of money by mail, estimated all the way from $4000,0O0 to ST. COG COG, so that net gain in cash from all sources is estima ted at from $2,000 900 up- ward. In the late strength of the market the trunk lines were conspicuous, led by the Baltimore and Norfolk and Western stocks. A rumor circulated to the ef- feet that the plan for harmonzing trunk line interests soon to be announced, and that it would include Norfolk and Western. and we'll as B. & O.
 Gains in the specialties were larger than n-the railroads, except that sugar and Metropolitan Street Railway were more or less under pressure. The New York city gas companies, the coalers, General Electric, Pacific Mail and the steel and iron stocks show some striking gains and many of the railroads are a paint or more higher. A notable feature of the days trading was the number of old lots dealt in .s 5'- Y f.2- ..rt-
 Some of the minors bonds show declnes, but the general tendency was upward. To- tai. sales, par value, $2, ,24O,QOO.e limited States old As and 5s declined A, and the 3s 1s in the bid price. --e
 New York, December 29.-Money on call finn at 6@1S per cent; close offered at 20.
 Prime mercantile paper, 6 per cent.
 Sterling exchange, firm, with actual busi- ness in bankers bills at $4S7Ad$4. .S71R for demand and $4S1a4G$4.S2 for sixty days.
 Posted rates, $4S21R6l$4.S3 and $4.Ss1a.
 Commercial bills, $4.80A@$4S0%.
 Silver certificates, 5S1s@591s.
 Bar silver, 59A.
 Mexican dollars, ATE.
 Government bonds weak. State bonds weak Railroad bonds irregular. a