The daily morning journal and courier., 1899-12-28
Ftnnmcrul.
 THE SHOCK MARK FIT
Prices Mount Upward With IncreasinE
 BuOyancy.

|
 Prices Mount Upward With Inereasin,
 BuOyaucy.
 New York, Dec 27-The market fo
 securities showed the great effect fel
 by the dissipation of several factors O
 apprehension and prices mounted up
 ward with increasing buoyancy as tht
 day progressed. The market closed
 with a burst of animation and strength
 at the top level of the day. Net gains
 to a numbef of important railroads
 reached three points, with long list
 of advances of point or better Among
 the industrials and specialties gains
 were even more striking, quite num-
 Der having advanced from to 1C
 points as a result of the days trading
 The demand from an outstanding short
 interest to cover accentuated the strength of the latter group, those which have recently suffered most showing the greatest benefit from the day'a business Brooklyn Transit was almost a solitary exception and was subject to vigorous attacks all day in an effort to unsettle the market and check the advance. But this stock, all | though it ranged over more than four | points, closed with a net loss of only a point. The leading influence in the | improvement of sentiment was the quiet and orderly manner in which the periodical settlement on the London stock exchange proceeded. Since the last settlement on that exchange Great Britain has suffered three notable re- verses to it's arms in South Africa, it's three columns of invasion have been paralyzed, and as a result alarm spread through the financial centers of the whole world. Grave fears were felt that the resulting shrinkage in values would prevent many operators on the London exchange from meeting their engagements at the current settlement, The news this morning that no acute difficulties had developed that money conditions were easy and prices incin- ed to advance rather than to decline, brought immense relief. which was promptly reflected at the opening here in an advance all along the line. The only notable check came with the news of the failure of Boston stock ex- change house but this influence was only temporary and slight. The condi- tions in the money market were notably easy and one of the largest individual money lenders in the street made large loans to carry over until next Tuesday at the rate of per cent. The current ta ( +. close of the year is universally expect ed to terminate the period of severe stringency, and to be followed by re- laxation owing to disbursements of dividends and interest, which will be on an unprecedented scale. There was some discussion of the probable amount of gold exports on Saturday. These are not now expected to be large owing to the easier conditions in the London money market. The buying to cover short contracts, although it was a con- siderable element In the advance, was itself induced by the very substantial character of the buying for long ac- count and the manifestly small supply of floating stocks. The trading did not take on any great animation until near the close, and the individual transac- tions were not on a large scale. In fact the number of odd lots traded in was a feature of the day, and reflected the investment day 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 the | fall in prices had offered opportunity | to secure their return on money in- vested The bond market was active | and strong throughout Total sales par value s2,32C0 0OO.
 United States new 4s declined A in the bid price.
 New York. Dec. 27.-The eoyerning of the New York Stock ex- change refused to-day to grant the pe- .ition of the members to close the ex- change on Saturday, December 90.
 NEW FORK STOCK M4RKET. Highest, Lowest Quotations thn Mo, N.,uIy