The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-12-20
THE FINANCIAL SITUATION
ii COMPLETE REYOLUTION or SEN
IIMENT IN VALE STREET.
Nj ost Powerful I'm tie rests in the Country
Unite to Check ID tsaster-Recov la
Some of tho Stocks but Level IL Below

Some of the Stocks but Level is Below
That of Saturday.
New York, Dec. 1s.--There was a
complete revolution of sentiment in
Wall street to-day and the latter part
of the session of the stock ex-
change witnessed something of panic
among the bears, who were making
frantic efforts to secure stocks to cover
short contracts and bidding prices up
on themselves. The profession traders
took the long side of the market and
bid up prices to take the market away
from the bears. Many operators who
had ruthlessly sacrificed their holdings
in the pandemoninm of yesterday We're
also eager buyers in the hope of retriev
| ing losses Besides these elements there
was large contingent of bargain hum
tiers, made up of people with ready
money looking for investment and who
| pay attention only to the regular and
secure rate of return on their money,
and who buy outright to hold Some
| such revulsion of feeling was a natural
consequence of the violent decline Of
yesterday which overrun itself
The issue of the speculative conflict
was nv mn means certain until about
midway of the session and Yesterdays
tide of disa ster was nor stemmed with
OFF Titanic axertions IN the mart of the
most nowerful financial interests In the
country acting in concert Millions of
dollars in n,onav wera forthcoming for
the extension of credits to buy of Sc
curitias Tbo oIaarino honse hanks s,n-
! nlemanted their vestaraav,s contrihu
/ lion Of s1O 0oO Ooo hv another of tho
sama amount IN he loaned or the mark
ct rate The announcad DISCRIMINATION
of the secretary of the trea s,rv to in
craase eovernmant danosts in denosi-
! torv hanks oava nron,isa az re,,ef from,
g.. Tho s+art and f,nde estimated et At
/ Ooo 600 became aveilahla from This
I eourca before tho mar,yet o1osaa I'm
| dor tho infuonca of tbis ohundanoa Voc
terdav,s manic rates for money ware az
no fine annroacbed hut tho demand
FOR loans noada ,bnid ,proads ~, tho
s,nnl,y with a saal,,,a,,, ,ns,+ioh,o az
natite Tho rata went n Ok nov cont
INT steadi1v aeo,,ned fro,, mot poi,t
under tho offerings Of sucoessiva nil
1iors WITT, ~ uos fo,noa 1o,,,,, y. a -,
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