The times. [volume] (Richmond, Va.) 1890-1903, 1899-12-31
STOCK MARKET
QUITE ACTIVE
Transaction More or Less Interrupted
by Holiday FrOlics.
THE SENTIMENT WAS BULLISH.
Tho DAYS Trading Demonstrated That
the Lowell of Prices Shil Offers
Induccmcut Tor Investment
Buyers.

NEW YORK. Dec. 30.-The transactions
Oh tbe Stock ENchange to-day were more
or less interrupted by the hoAd ~ 4fohos
of The brokers 0u thc floor. but there was
sufficient trading in evening up accounts
for the close OF the year io make qulle
an active market, and some hfesu'aii'y
The baltimore and Ohio stocks, after
their upward leap of yesterday. were con-
consciously affected, the common fdll-
ing back nearly - and he preferred over
a point. The most active or the speclai-
tics including sugar the tobaccos ana the
New York city traction stocks were also
INCLINED 10 react although the undeftone
n strong and there was a disposition
t. hold stocks for thc expected demand
after the first of the year.
Tho expectation OF this demand Is based
on The sudden relapse in the money rates
sd an leading financial centres, he Lon
don discount rate fang below the bank
rate to-day and the Berlin rate showing
q further decline. This gives ground Tor
q hope that the export movement of gold
VIII be brought TO a stop. If Is possible,
however. that tho relaxation IN foreign
money rates may be based ON expectations
o. further supplies or gold from ms
country. That being The case. bankers
believe that there may be "a recurrence Of
money stiffness in January.
The DAYS trading demonstrated that the
.cvcl of prices sill offers inducements for
investment buying. Tho sales Of small
lots Of less than 100 shares continued even
more conspicuous fhan Oh recent days.
All grades of stocks were embraced In
this demand. down 10 the non-paying
dividend stocks with only remote pros
meets Of return. The prevailing senu-
mcnt on the exchange was decidedly
bullish.
Prices of rilt-edge investment bonds
were not much affected iu last week
liquidation. bat the junior grade, or new-
Is issued or contingent interest-paying
bonds which suffered last week. have
been In good demand this week United
States As, old as a9d new IS declined p
The total sales Of stocks to-day were
3i3 roo including the following Atchison
preferred 10 4GG. Baltimore and Ohio.
GEO: Chesapeake ard Ohio. 9G95. Lake
..rie and Western. 1850. Louisville and
Nashville. 5000 Manhattan. G.42O: Read
ing first preferred. 5000, Southern Pa
clhc. 1850. Union Pacific 1880; Ameri-
can Steel and Wire 1.tO, Brooklyn Rapid
Transit. 1000. Fcocral steel. 7525;
Heather. fnOSo. Sugar. 1910; Gas, Goo;
Pacific Mail, 7,o9J.
MONEY AND EXCHANGE on
coil steady ri oN1 per cent, last loan
az 8 per cent. prime mercantile paper q
per cent Sterling cy change firm. with
actual business Pm bankers bills az A.SIii
a. So for demand md at iiSi+0i.N2 for
sixty days. posted rates. AS2l40AS3 and
81 ssh. commercial bus I0lSOH.
silver certificate IeLmJ4i2 bar silver
HqH Mexican dollars 4Ti5. state bonds
inactive: railroad bonds strong: Govern
ment bonds irregular
WEEKLY BANK STATEMENT
weekly bank statement shoWs the follow
ing changes.
surplus reserve. increases ....-..S 7S4 900
Loans increase .... ........ 373 500
cnecie decrease 1900. ...... 4GG 200
LEGAL tenders. Increase ........ 1,it30D
Denoeffe decrease ...... 3l0 500
Cir-,tlsfion increase . g. 500
THO banks now hold Sl1. lCSO7i I'm eX-
cees ~ the LEGAL requirements.