The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-23
IN THE STOCK MARKET.
The Bears We're Energetic with Rumors Of
All Kinds.
BOSTON FINANCES CAUSED A WEAKNESS
Bnte for Money F1urried mt One
Time. but Ruled Most OF the Day
mt Six Per Cent.

| New York. December The stock mar
ket had to undergo further liquidation today
Prices yislded without any very active resis'
| lance. but there were no signs of Panic, anc
the liquidation was conducted in an orderly
manner Tbe prir cipal causes of weakness
were evidently not local and seemed to be
Ilarrely due to the condition of affairs In
BOSTON The closing of the Globe National
bank there was the cause of widespread UNI
easness and brought large offerings on the
New York market of the Boston stocks.
sugar was the most conspicuous example. as
| is shown by its extreme decline of points.
This stock was under very heavy pressure
all day on rumors of a continuation of the
trade war as well as on the forced selling
for Boston account. Burlington. Federal
steel and Atchison preferred were also sold
from Boston. London was a large seller OF
stocks in this market and the depression
there exercised large sentimental innu-
ence, Tho rise in the private discount rate
and the fears Of trouble n the settlement now
imminent are the causes OF apprehension.
Some of the favorte international stocks wero
acutelv depressed from time to time. notably
New York Central. st. Paul. Baltimore and
Ohio preferred. Missouri Pacific, Reading
FIRST preferred and Denver and Rio Grande
preferred The bears were energetic operators
all day and supplemented their efforts by
tho circulation of some eStravagant rumors
REGARDING the financial condition of various
houses and properties The effect on some
of tho trust companies was 10 induce large
calling OF loans as measure of precaution
against any extraordinary demands that
might be made upon them.
The rumor mongering of the bears was SO
fragrant in some cases as to cause the dis
cussion BY some Of those who were the
greatest sufferers of legal measures directed
against the offenders. During the last hour
the hears were very large buyers to cover
short contracts and tho effect on prices was
seen in recoveries running all the way from
to ) points in the principal roads and in
dustrials As a result net losses were re-
duced within range Of 2 points. except in
few conspicuous stocks. which had not
previously fuctuated during the week
number of stocks. including those which
have suffered most severely during the week
rose slightly above last nights level The
rael for money Hurried at one time to
per cent but ruled for the most part at
per cent or below Estimates of tomorrow's
bank statement are also at sea- owing to the
extraordinary conditions that have prevailed
ror movement but the extraordinary de-
mand from Boston has offset that, so that
the net loss on the interior movement Is
about $1,000, 900 on subtreasury operations
they have gained about 50. 100000. Tho
amount OF gold exports which will figure in
the statements, including last Saturdays
shipments. is about s3,0o0,000, This would
indicate a net loss in cash on all accounts
Of about Sl,000 eco. No one ventures to esti-
mate what the loan changes may be-
Bonds were weak in sympathy with stocks,
the speculative issues showing some sharp
declines Total saes, par value. S2.90ooO0