The times. [volume] (Richmond, Va.) 1890-1903, 1899-12-29
MARKET CLOSED
HARD AND FIRM
The Railroad List Declined Sharply
Throughout.
MONEY SITUATION STILL EASY
There Was no Pressure 20 Sell Stocks
and Although Prices Were Lower
in London, There Was no WI
dcncc OF Fear on Distrusi'
MONEY SITUATION STILL EASY

NgW YORK. Dec p The changes IN
prices To-day we're largely due 10 opera
fious by h0ard.roOm traders thc ~
fluctuations in thc market feheVle0 WV
uncertainty ol hls class OF speculaols'
They sold fhc market at me lpNtI pIlCes
from London. She suosiantlat character
of The buying demand ana the conscqueht
refusal of The market 10 go Gown cou7'u
them 90 go 10 the long SIDE. tlshi3 MSf-
curial spccialtics were The taNoHtes nm lhe
dealings. and some of them were bid up
ST. "a rather sensational manner.
Metropolitan street railway, sugar ana
Brooklyn Rapid Transit were the most
Conspicuous features OF the market aii
day The rise in THESE Was so cousldcl1n!e
as to invite the realizing OF prOuts towards
n ~ closing of the day. This caused the
y market TO run on at the cost on iaIat
part of thc earlier gains established.
The November statement OF ST. faut 5
earnings. showing the increase in the
gross earnings more than wiped out win
resulting decrease nm lhe llel i''ul" "a
over $1,000. had marked cueci on lne
railroad iist. which declined Sharply
throughout The fam from The top level
iu ST. Paul was Us. anad reached "a point
boz "a number of other railroad STOCKS Inc
consequence was mixture OF net gains
and losses although the market hardened
in tho final dealings ON demand from
the shorts 10 cover their CONTRACTS.
While the movement oI prices We
largely due 20 professional manipulation.
there was good volume ol business rep
rcgentiug a continuance of sunstantial de-
mand from outside sources through COM
mission houses The demand for small
lots of stocks continued IN evidence espe-
tiaiIy ON any recessions in prices.
There was mo- evidences of uucdslness
about he money situation. and mo- pres
sure to sell stocks. although prices were
lower iu London there was nO evidence
oi amy fclr or distrust at that point with
the progress of the settlement. The money
siua ION boo New YORK continued easy.
ahc speculation pressure for funds from
Boston has relaxed. mad New YORK tA-
change at that centre rose 90 par. Inc
shipments of gold announced for Saiur-
day had lttie effect on sentiment ON "c-
count of the feeling that forces are at
work to offset his drain.
Business in the bond market was on a
fairly large scale, ana prices for the most
part advanced. bat there were enough eN-
ceptons 90 make the market irregular
Total sales. par value 2.Zt1.Wo tnlltd
State new As and SIS declined p aud q
snd old 4s % 200 the bid price
Total sales of stocks were GGl 500 shares,
Including AlchisOn preferred, 1t,322; thts-
apelkc and Ohio. $50. Rock Island, . no:
Manhattan. 2ia1J- Metropolitan street
RAILWAY. cX-div.. lj.GSi Northern Pacific.
C00c. New York Central. 1860. Missouri
Pacific. 1no-1, ontario and Western. 3WW.
Pennsylvania 91l2. 81 Paul, 1000
Southern Pacific 2g12j. Southern rail
way 1850. Union Pacific @l.1,D. do. pre-
ferrcd $40, American steel and Wire.
NJ $50. American Tobacco. 3O.t2O. Brook
Ism Rapid Transit 97G7O. Colorado Fuel
and Iron. 100. Federal steel. 203SO. do.
preferred J.OlJ. Gas. li6Sj. sugar. 64.lfJ;
Tennessee Coal and IroQs 5,lOO, Leather
GOO.
MONEY AND ENCHANGE .-Money on
call steady at 4.UG per cent; last loan
al per cent; prime mercantile paper q
uor cent. Sterling exchange firm, with
actuai business in bankers bills at A.Si4
04 S7i. for demand and ar S4SlI 0lSlla
for sixty days. posted rates SAS2u .S2ll
and yiSeis. commercial bills. SlSOilW
4Sfa, Silver certificates. 3Si205Hia. bar
silver $50. Mexican dollars Az. Gov
eminent bonds weak State bonds irmer.
----rn.n homie LLL.-uLlr-