The times., 1899-12-31

NEW YORK. Dec. 30.-The week and the
year closed with a satisfactory order OF
things in the stock market There were
few stocks which did not show gains as
The result Of today's operations. The deal
ings were on q liberal scale. considering
the brerity OF the session of the stock eX-
change The feeling in the financial com
munity seemed 10 be one OF comparative
ease and confidence While there was only
q nominal rate for money. the general no.
tion was that the new year would be en-
tered upuu with no particular stringoncy
in funds. II is thought that such complete
and careful preparations had been made
FOR the heavy January interest and other
payments that they would be concluded
smoothly.
The situation abroad appears TO BE- stead
ily improving Discount rates at London,
and a; the continental centres continue 10
decline and the foreign security markets
are gaining in strength The New York
market has been influenced 10 a consider
able extent by European developments,
and any material change for the better on
the other side Is reasonably certain to
be reflected here. The extensive liquidation
in The past three months has placed Wall
Street. as a whole on q good basis. and
with faith restored there Is reason 10 eX-
pect larger participation by the publi-
ln stock transactions with presumably an
enhancement in values.
The bank statement was. If anything
p more favorable exhibit than had been an
ticipated. The increase Of S7S4.CCO IN the
surplus reserve was rather surprising; a
decrease had been looked for. The in
crease OF Sts6, 500 in cash showed that the
gain by the banks from 3he interior move
ment Of currency. and from the deposit OF
internal revenue recsipJs, Was exceeding
the loss through exports 81 gold. The
changes hat have taken place IN leading
items of the bank statement since July ]
have been important The reduction in
loans has been SlIS. ls5 600 10 S6l3 6S9. .4e0.
the present amount Of loans. The loss III
cash has been sss .3I6 7o6. leaving the pres
ent holdings al s6I-s see. The surplus
reserve has been cut down S5.2ob,4I5 10
ST. les SO One year ago the items here
named stood as follows: Loans. $1lS,3CS.-
eco; cash. S22fe47 400, surplus reserve.
$Ie.lsC s15- The position OF the banks Is
secure and ought 10 improve decidedly in
the near future.
The chief activity On the stock exchange
was Cd the last hour, and ii was thea 1aat
most Of The advances weIe recorded TIE
heaviest dealings were I'D tha common
stock q TIE United States Lathe. Com
psuy. A new demand for the stock spraug
DIP. and It ei1eated sharp risa In the pri e.
Many short coz tracts We hastily covered.
The dealings in the preferred STOCK were
small. bun me prefer e. q lid ln - pa
thy With the c0u.Eol. The Federal $ &C.
issues moved to a higher placs in a1riei-
patton 1f TIE dividends IeNt month. On
Iielt transactions sals. annual additions
were made ~ the prizes Of Aa.e-i-aH St=ti
Hoop ana American Lins- ed okls .
Rapid Transit aaz EOt deait in as large 3
as usual and sustained IRA -Ii1nal oss in
price Manhattan d closed weakness.
There Here literal dealings ia Ssu-l=ru
Pacific which gained slightly 81 p.ire-
Realizing safes pIoduce- cline 10 thz
Baltimore ana emo issues. tn Lake E-ia
and Western issues md Pacific MAJ We G
uO-ablE z,ECGE.