The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1899-12-29
NEW YORK STOCK MARKET.
Especial TO the Mcssenger.)

New York. December Elm stocks
prices were higher here and in London:
money was only 3 to ) per cent, closing
at Az, and was easy in England,
through tronge in Germany. Ster-
Ling exchange "a On 6o-day
bills, though cable transfers we've N
lower on sales OF guld bills against
gold shipments. 1t is expected that
about $1,000, 600 gold wiz go out on Sat
urday. FoWer brokers bought Federal
Steel n Peoples Gas. and Standard
brokers, the general list and Standard
Atchlson preferred. Brooklyn Rapsd
Transit, Baltimore and Ohio n the
Pacific stocks. Brooklyn was raidcd
10 &c, but rallied To 6S&. London IL
going through the settlement far b.stter
han expected, and consols and pretty
much everything else advanced. There
was conSidera bic investment buying uf
st. Paul, Rock Island and Union Pa
clfic, and some are taking Chicago,
Burlington an Quincy on the theory
that the market has turned TaRre is
no doubt that the situation hs gradual
ly improving. s. MUM, SON d 20.
(By Associated Press
New York, December 27.-The market
for securities showed the effect OF the
great relief felt by the dissipation OF
several factors OF apprehension. and
prices Mounted upward with increasing
buoyancy as the day progressed. The
market closed with a burst of animation
and strength at the top level Of the day.
Net gains in a number OF important
railroads reached 3 points, with a long
list OF advances n point or better.
Among the industriaAs and specialtes
gains We're even more striking, quite a
number having advanced 4 to 10 points
as a result Of the days trading. Thu
demand from an outstanding short in
tereSt to cover accentuated the strength
Of the latter group those which have
recently suffered most showing thu
greatest benefit from the day's bust
ness.
Brooklyn Transit was Almost a esl-
itary exception and was subject to Wig
orous attacks all day I'm an c1orV -
unsettle the market and check the ad-
vance; but this stock, although II rang
ed over more than 4 points, clOecd wirh
a net loss OF only a point.
The leading influence in the improve
ment Of sentiment was the qufet and
orderly in which the periodical
settlement on the london stock ex-
change proceeded. Since the last SEA
Element on the London stock eI change.
Great Britain has suffered three nUto-
Bile reVerses to its arms in South Afr1oa.
Its three columns Of invasion have been
paralyZed, and, az "A result, ssaFm
spread through the financial ssnsv>g
OF the whole world.
Grave fears were felt that the rosa1e
ing s~hrinkage in values would p-eveot
many operators or the London e1chaaok
from meeting their engagements al No
current settlement. The news TIL
morning that Mo acute difficulties bAA
developed, that money conditions wSN
easy and prices inclined To 1vaDss
a 49, 49, laanE-A @.t t.
mense relief, which was promptly 10
nected at the opening here in an na-
vance all along the line.
The only notable check canSe. with
the news OF the failure Of a BostoA
stock exchange house, but thfr mHu-
ence was only temporary and slight.
The conditions in the market were ITO
tabiy easy, and one OF the largest Sn-
dividual money lenders in the stress
made large loans TO carry vver untH
mex Tuesday at the rate OF 6 per oens.
The current rate ruled from 4 to 5 per
cent The close Of the year is unfver-
sally expected 10 terminate the period
OF severe Stringency, to be followed by
relaxation, owing to disbursements OF
dividends and interest, which Willie on
an unprecedented scale.
There was some discussion Of \
probable amount Of gold expyTts O.
SATURDAY. IHs@e are TDL DOW eIpNGtS1
10 be large, owing 10 the easier cond-
tons in. the London money market.
The buying TO cover short cts,
although il was a considerable dement,
in the advance. was ttspff induced by
the very substantial character OF the
buying for long and the mani
testify small supply of floating stocks
The trading did not take on any ami
nation until near the close and ths
Individual transactions were not on =
large scale. In fact, the number Of odd
lots traded IN was a feature OF the day
and reflected the investment demand
by buyers who take stocks out OF the
market TO lock up and keep.
Investment buying was In evidence
also In the bond market wherever t.
fail IN prices had offered o~pportunhy
ia secure fair return On money inveDt-
ed The bond market was active an1
strong throughout Tocaa sales, paD
value, were 81. 800. 0G5. United States
new As declined nc In the bid prisA
The total sales OF stocks were e64seo
shares.