The times. [volume] (Richmond, Va.) 1890-1903, 1899-12-24
STOCK MARKET
CLOSED STRONG
Did Not Reach the Top But Hardened
Again Materially
BONDS SUFFERED IN SYMPATHY
RI, ncc,,rcs Have Not Been so ''o-
lent Nor Selling SO Large as !" '"S'
Of s,oeks-Grcat Rush TO Cover
short Contracts

,,,yoov Doc. 2s.-The first trans
NJ " -, he stock Exchange TODAY
sS''SD",.a how much of yesterday Ne@ IN
uiS' ,.,+ he attributed 20 seihuH ~.
80 orco,nt. The rush 10 coNNi
,,onfracls carried prices up VIM MN
gard to fractions In the specia'S,e' e,,,,,.r
rad been the market OF a' n" p,rsS
Nefropolitau. Tobacco, bfoohiyn 49,,
Transit and Peoples Gas Jun - ',a,,,s
az TO Z points on opening saes. sn,er
hrovant tendency WAS SHOWN .h t''T -,
nationally listed railway stocN9. -, -.
mad lifted these sharply ueioio - tbo
tnse he~e nut they bounded evo.o "a"
- - 9r{tv To- a level from 1 70
noints above last nights close mere IN.
,,rroncv of the demand from INC
constituted a miniature panic on wv
Lief that ON the settlements ON W. 49, a.
don exchangc n panic Nout" &c 49,.
~es,lt ON The contrary. the earnest news
go r.ondon showed that the seltienent
IA T'onfon was progressing easily anu III
an orderly manner, sentiment lhcie Dc"'5
much encouraged by the shipments VI
gold from New ork. . sca
Rumors OF financial en'ahsielny,lt, 80
forced liouidation pursued promlhon'
ognre I'm the financial world all day yes
terdov To-day. on the contrary IL W
aeirnsed flat S1OOO0OO In Government
bonds had been placed as aadllloi,"i
curity for this map of wedlh' anu ''N'
his difficulties We're ended. 49,. ..,,,.
The professional traers accepleu ''' 80
rurnor with the same credence as tpeS
had the other. and put IN hNo's Nv
hours trying 90 buy stocks 10 save .n.I"
selves from loss. interpretations ut 'n
hank statement were decldedlN CON- 49,,
ana the market ran off on reailzihs' ~
dlo not get back 10 the top, but harue ,.s
again materially and closed srohb. u"
cssb increase shown by the statement OF
s. 432rA0 came as "a surprise ia -
the gold shipments ana the oL"l' w.
Poefou II is an evidence or hldueu re-
so,,r.ce brourbt out in such a Crisis as
that of the past week. The cOnVlctioI -
nrscficallv universal that the completion
81 nronorations for the annual settlements
viii mark the passing OF the crisis; SEN
tirnent IS not so unanimous as 10 Whc'h0i
such preparation rs YET coilplc'Vu. ,.h
stocks. but declines have not been SO VIZ
lent nor selling so large. United Slates
old a. advanced point. the RS q ana the
rs. new Is and rs y in the bid price.
The total sales of stocks TO-DAY W.
"a 700 shares. including Atchisoh pre-
ferred 1915. Chicago. Burlington and
Quincy. n. 400 Manhattan, 914o' NoItn-
arm Pacific SEQ. Southern Pacific, l-,%'ni
Union Pacific 1ArJb: Union Pacihc pre-
ferred. 1923: American steer and W.le'
$500. American Tobacco. lo32o Anac2n-
ia 900. Brooklyn Rapid Transit. 25,f'p;
Continental Tobacco 1900: Federal steel.
7.15O. sugar, $3.50 Gas. 6,72o; Leather,
300
MONEY AND EXCHANGE-Money on
call steady az 4 per cent prime mercau-
dc narer & Nor cent. Sterling exchange
steady with actual business in bankers
bins AZ s4.S7it for demand and at siSoA@
81 FOR sixty days posted rates, 4Sll4H
90 and 81 SS04 ssh; commercial bus
81 SOd4 s0iA silver certificates, 9e'20|,-i2'
rfrsart
state bonds Inactive. railroad bonds
strong. Government bonds strong.