Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-12-23
MAINE SAILS TO-DAY FINANCE AND TRADE
Hospital Ship Leaves London for Much Better Feeling Noted in
the Transyaal War. Stocks Today.
FIVE OF Ger MEN DESERT LONDON A LIBERAL BUYER
Lady Randolph Churchill Hopes Expressed That Period of
Out Assistant. Liquidation is Over
scenes AT PARTING GENERAL MARKET REPORT
FINANCE AND TRADE
Much Better Feeling Noted in
Stocks Today.
LONDON A LIBERAL BUYER
Hopes Expressed That Period of
Liquidation is Over.
GENERAL MARKET REPORT

Special Dispatch to The Evening Star
NEW YORK, December 2S.-Sentiment al
the opening OF today's stock market reflect
ed change for the better. and prices I'm all
departments improved In consequence Lon
don sent over range OF prices from to
per cent above the local closing parity and
foreign forces bought upward of 10000
shares of the low-priced stocks Selling
was halted and an Irregular advance, due
TO cautious buying for both accounts. con-
tinued until the last half hour
Realizing on the bank statement put
prices Oft from the best, but the net re-
suit was better than the closing level Of
yesterday. The sentimental improvement
is more pronounced than the practical
Hope Is expressed ON all sides that the
drastic liquidation has accomplished lite
purpose and that no more financial diah-
culties are to be overcome. This view does
rot mean plain sailing The final week in
the year brings its own difficulties. panic
or no panic.
Prices need not advance in order TO light
en- present burdens; refusal to decline
will be acceptable. Down to the lowest
level Of the week accounts are now sup
posed to be amply margined, and the avert
ing of further decline will relieve the
tension and allow for patient waiting for
the advance.
AT no time during the week has there
been any development detracting from the
intrinsic value Of any OF the standard
shares Prosperity has never been doubted
but the penalty for financial blunders f. al
ways enforced, and this years blunders
had eVaded their consequences quite long
enough. The atmosphere is the healthier
for the settlement
Bank troubles are thought 10 be well
known and equally well provided against
New York has helped Boston and at a time
when rumors Of the graVest sort increased
the risk in reducing local resources. The
acUon was timely. however, and with in
telligent management Boston's affairs viii
be Strengthened out early in the new year.
In estimating the losses of the present
month, il is only fair to insist on a proper
recognition of the profits of the other eleven
months The downward movement would
have brought widespread disaster had not
the great prosperity in all commercial cir
cles made the country strong.
Trade reports show that the retail Christ
and no clearer evidence of Individual pros
perity could be had. Earnings are likely L.
keep up. the TransVaal situation Is likely
to lose its one-sidedness and millions OF
new money are likely TO come into the Sc
curity markets within the next thirty days.
A little further patience and a little de-
liberation will eliminate the scars OF the
present month
The bank statement shows an increase Of
$3.50 in the reserve and decrease OF
S3.d34 600 in loans. The banks have gained
S3,30O.o00 in lawful money and $685. 400 in
deposits If the statements of the assooi-
ated banks were accurate, showings Of this
kind would be most encouraging.