The age-herald., 1899-12-29
STOCK EXCHANGE
 WAS CHANGEABLE Board Room Traders ResponSi- bIe for the Shifting. MARKET HARDENEDAT CLOSE The Money Situation is Again Easy, and Confidence is Felt That the
 Remaining Days Will be
 Tided Over
MARKET HARDENEDAT CLOSE

New York, December 2S.-The changes in price today were largely due to operations by board room traders The cratic fuctua- tions in the market reflect the uncertainty of this class of spectators. They. sold the market at the opening on the lower prices from London. Metropolitan Street Railway, Sugar, and Brooklyn Rapid Transit were the most conspicuous features of the mar ket all day. The rise in these was so con- siderable as to invite the realizing of profits howard the closing of the day. This caused the market to run off at the cost of large part of the earlier gains established. The November statement of St. Paurs earnings show the increase in the gross earnings to be prime mover for hammering in that direction The fall from the top level in St. Paul was 15s, and reached point in a num- Der of other railroad stocks.
 The consequence was a mixture of net gains and losses, although the market hardened in the final dealings on demand from the shorts to cover their contracts.
 While the movement of prices was largely due to professional manipulation, there was @ good volume of business representing a continuance of substantial demand from outside sources through commission houses.
 The demand for small lots of stocks con- tinued in evidence, especially on any re- sessions in prices. There was no evidence of uneasiness over the money situation and no pressure to sell stocks. Although prices were lower, there was evidence of any fear of distrust at that point with the progress of the settlement.
 The money situation in New York contin- ued easy, and confidence is felt that the short remaining period before the close of the year will be comfortably tided over. Some corporations anticipating the January first payments. Money is coming to New York from out of town sources, partly in the form of returns on Christmas trade to be deposited in the banks, partly in the form of remittances to make good stocks in the late decline, and partly for investment in new accounts in the stock market. The special pressure for funds from Boston has relaxed, and New York exchange at that center rose to par. The shipments of gold announced for Saturday has little effect on sentiment, owing to the feeling that forces are at work to offset this drain
 Business in the bond market was on a fairly large scale, and prices for the most part advanced, but there were enough ex- captions to make the market irregular To- tai sales, par value, s2,275,000. United States new As and 5s declined F and 3s and old As A in the bid price.
 New York, December 2S.-Money on call steady at 41zq6 per cent; last loan at D per cent.
 Prime mercantile paper, per cent
 Sterling exchange quiet, with actual busd- ness in bankers bl1ls at $i.S7A0l4S71a for demand and at 4.S014@l4. .S01a for 50 days.
 Posted rates $4.S2@4.S2A and $4.SS1s.
 Commercial bills $4.S0A@4.S 4.S0a4.
 Silver certificates, 5S1a@5919c.
 Bar silver, 5S34c.
 Mexican dollars. 471ac.
 Government bonds weak
 State bonds firmer.
 Railroad bonds irregular
 (By Private Wire to Talbott & Palmer)