The times. [volume] (Richmond, Va.) 1890-1903, 1899-12-23
STOCK MARKET
STILL WEAK
Due Chiefly to Condition Of Affairs in
Boston.
MONEY RATE WAS FLURRlED
II Rose at One Time 10 y per 'e"'" ""'
Ruled Tor the Most Part at u or
Below-B0nds Were Weak
in sympathy.

>.f-,v YORK. Dec % Tho stock mar
lsf had 60 undergo further hquiua'iVh 'p
dav Prices yielded without amy N'lS
arf.Vc resistance. bot there were no signs
.t ,anir and fhe Hou.datOn was conduct
I'd in ln orderly manner Inc prihcipal
causes OF weakness were eNldentiN ho' %
~al. aud seemed tn be largely due 10 the
. condition ol affairs ia Boston. ne Gus
lax OF che Globe National b"hN ,heic
MS ilo cause of widespread uleaSlltss
and brought large offerings ON the New
York market OF thc favorite Boston
stocks. sugar was the most conspicuous
example. ass is shown hy IT'S extreme 9e-
cline of q points. This STOCK was HhueI
very heavy pre- sure an day ON rumofs
uf a continuance OF the trade war, ass wei
cas- oa ihe forced selling for Boston ac-
count Burlington. Federal Steel and Al
Gibson preferred we're also sod lfom
Boston.
London was "a large seller Of stocks in
this market. and the depression there eN-
crcisoi a large sentimental iufuCtce Inc
rise in thc private discount rate and the
fears of trouble at the settlement now
imminent are causes OF apprehension.
Some OF the fayoritc international stocks
were acutcly depressed from time to time,
notably Sew York Central 81 PAU. bai-
timorc and Ohio. Missouri Pacific Read
ing first preferred and Denver and Rio
Grandc preferred.
The bears were energetic operators all
day During the last hour the bears were
very large buyers TO cover snort con-
tracts and the effect on prices was seen
pa rcc0verics running an the way from !
90 r points i'm the principal railroads ana
iudusfrIIs. AS "a result net losses We're
reduced within "a range of oints. except
in few. inconspicuous stocks. which had
not moved previously during the week.
number of stocks. including those which
have suffered most severely during the
week. rose slightly above last night
level.
The rate f0r money Hurried az one time
10 per cent. but ruled for the most part
at per cent or below. Estimates Of to-
morrow bank statement are 40 sea- OW-
ing 10 the extraordinary conditions that
have prevailed The banks have gained
on the regular interior movement, but the
extraordinary demand from Boston has
offset that 20 that the net loss or the
interior movement rs about 81 10000. ON
sub-Ireasury operations they have gained
about S3OonNoo The amount of gold eN-
por which will figure I'm the statement.
including last Saturdays shipments. is
about 100000 This would indicate
not loss in cash on an accounts of about
81 OnUNC0 no one ventures 20 estimate
what the loan changes may be.
Bonds were weak I'm sympathy with
stocks. the speculative issues showing
some sharp declines. Total sales. par
value. $4,000. United states new As
advanced - the old As and 5s q in the
mo total sales Of stocks to-day were
700 100 shares. including AtchisOn, 11,3g0:
AtchisOn preferred 1880. Baltimore and
Ohio 700. Chesapeake and Ohio. 9.jlj,
Chicago Great Western. $3.50. Chicago,
burlington and Quincy. 4fO39o; Chicago
Rock Island and Pacific. - 500 Louisville
and Nashville. 1851. Manhattan Ele-
waited p. $50. Metropolitan Street railway.
10 10. Missouri Pacific, $40. New YORK
central 900. Norfolk and western.
900. Northern Pacific. 1920; Northern
Pacific preferred $3.50. ontario and West
crn. 9CD. Pennsylvania. . DO. Reading
FIRST preferred. 1850. ST. Paul. $3.50.
Southetn Pacific. f5.5S2; Union Pacific 81
1-5. Union Pacific preferred. 1895
Wheeling and Lake Erie. $3.50. American
steel and Wire %. 700; American Tobac-
eco. $3.50. Anaconda, 900; BROOKLYN
Rapid Transit 70Ssj. Continental To-
bscoo. S2Ol do preferred l.H3I, Federal
Stocs g0gf0. Leather 1850; DO. pre-
ferred. I.5fO. Western Union. 5,ij1; North
American. $500. Sugar. $500.
MONEY AND EXCHANGE.-Mouey on
carl steady at AS pcr cent; last loan at
q per cent. ruling rate. o. per cent, prime
mercantile paper. .iaWG per cent Ster-
inns exchange frmer. with actual business
in bankers bills at S4S7ii for demand and
al 50 S0TNiSl7s for sixty days posted
fnercial bills. 81 SOd4 sou. Silver certif-
Gates. ISt0-ail- bar silver. 5S. Mexican
dollars. f1i Government bonds strong
state bonds weak. railroad bonds weak.
BANK CLEARINGS.-The total bank
clclriugs in the United States for the
week were s. ODD fNi 2Gf; AN increase OF 33
per csnt Exclusive 90 New York. SI3l,-
O5o 212 an increase of y per cent