Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1899-12-19
GOTHAM Still SCARED
Mondays Big Furry in Industrial
Stock Repeated in Wall Street
Again Today.
Second Subscription of s10,OOO,OOO
From the Clearing House Has
Qujeting Influence.
And Close of Market Finds Healthier
Tone Prevailing Big Failure
In Boston.

New York, Dec. 19.-The galleries OF
the stock exchange We're crowded this
morning. Some of those present had
investments to look after but. for the
most part they were simply sight
seers.
The measures already taken for the
relief of the money market and other
measures projected, including the ex-
pressed intention of the treasury to in
crease government deposits with ma
tlenal banks, had the effect of allaying
! apprehension. Sharp recovery in prices
fef some of the leading American stocks
ION the London exchange this morning
contributed 10 the effect The feeling,
IIieNertfleless. was feverlsh and appre-
hensiye An advance in the Imperial
4 Bank of Germans rate from to per
scent and the per cent discount rate in
ltBsrlin caused uneasness, not only on
4 its own account but because it proba-
bly, foreshadowed further advances in
the Bank Of England 5 rate and result
ing pressure on New York.
The first quotations demonstrated
viaienr speculative conflict. Immense
tayi,lg orders had been distributed for
she support ~ prices. The opening
i5sh9wed s5mA gains, extending from one
4 one % five points in a number of inpor-
taflt si3rciaties, Including sugar, leath-
Ter preferred, Continental tobacco and
tfronl are to FIVE points in standard rail-
.oad stocks. The advances We're met,
however, With q food OF selling orders,
ahich quickly drove prices downwards
q from ore 10 four points. a number of
important stocks fell al the opening.
including Federal Steel ana American
Tobacco, wnish showed losses of from
!. one - two loints
Speculation was very feyerish. but
There was AN uildertene Of strength
throughout the dividend paying rail-
roads Foiiqwlng the downward rush
latter the high opening, good buying ap :
psaued and prices bounded upwards.
American Tobacco recovering nine.
) Though there We're many conspicuously
weak points, industrial specialties lack
Il ing support and giving way frequently.
{ Al IL O'clock the market. while quieter,
!. wsss very unsettled. hui generally
: speaking internationals and grangerS
: We're fairly We'll held Whiia industria's,
s kept few high priced leaders, We're
9 being hammered @nergtically.
Towards noon it became known that
2 the clearing house banks had agreed To
] provide an additional si0ooo.ooo to lend
i at ,he market rate, and the Whole list
: sursea NJ 10 above the opening level.
j. Noan- Gail money e5 per cent.
At So L. II Call nieaey was at
{ per cent;
2 At i5 ii. m San nsney vas %.
u - a meeting af the clearing house
eamluittee today second subscription
es $4,000 900 5eas made up for lending
Z lfn Inc stock market
u II became manifest as the day pro
sresaed hat the pressure of liquidation
vas oeer Asld.tnpaf supplies ef mone,
s 6asriec the rate daWn se5 per cent am
lT3ees 81 stocks began q move upward
l4ueyantly Seinething ike pani,
Z iilTg the bears Developed. and II
sReir eagerness 10 buy they bid up tn
nr.ees frantlealiv on themselves. Th'
strenssh petmeated al the depart
lnents ard was well maintained y tn
At a:89 tie statement was made tina
tlas government had made DEPOSITS i
espastary banks aggregatiIls slooo,oot