The St. Louis Republic., 1900-12-21
STOCK MARKET INA
HEALTHY CONDITION.
PUBLIC HAS CONFIDENCE,
TAKING HOLD FIRMLY.
Money Easier and Nothing Like a
Stringencv Is Anticipated
Toward Close of Year.
REPUBLIC SPECIAL

REPUBLJC SPECIAL.
New York, Dec 2o-American stocks in
The London market were irregular. hut
showed strength in spots. noticeabiy in
Illinois Central. Northern Pacific ard
Pennsylvania The general market was
steady and consols unchanged Rather
contrary to expectation. the Bank of Eng
land did not advance its rate from per
rent and made q fair showing in the re-
turn in spite Of heavy loss Of gold dur
ing the week. The South African news
was very unsatisfactory. but had no
particular effect. Money was strong I'm
Berlin, but exchange in Paris showed
drrner tendency.
In the local market great strength was
shown in spots. noticeaby in Northern Pa
etfc, which had a large advance In tho
report that the preferred stock was to be
Retired. Illinois Central was strong on the
anticipated ncw rights to stockholders.
Peoples Gas had a sharp advance on pur-
chases by shorts. but reacted almost as easi-
1y when this buying ceased. st. Paul was
nrn and seemed to be a favorife with the
kcommission-houses. London traded both
ways. perhaps TO the extent of so 900 shares.
with a balance on the buying side in spite
or heavy sales of Northern Pacific
the advance Erie issues were strong and
Morgan interests got the credit of the
buying. Sugar appeared to be oversold and
advanced easily on the short interest. The
general tone was good and general declines
were more from neglect than from active
pressure. A very heavy volume of stock
vas sold by operators taking profits.
standard oil interests were conspicuous in
ths respect In view of this selling the
strength and breadth of the market was
quite noticeable The Vanderbilt stocks
we're rather heavy when II was understood
.na. no advance in dividends had been
mace. The usual dividends were declared
Sn Nichigan Central. Lake Shore. Canada
southern and Lake Erie and Western. Ii
vas rumored that the Northern Pacific pre-
tersed stock would be retired at par and
basis 'i'' q P''
al Inc money position has ceased TO cause
yjoor.u .u'ssauiet in the market. and it is OBJ
,r,n that even on the 18th. when there
In csuecesSariiy be considerable borrowing
larry The street over the end of the
fss,sa nothing like stringency need be |
rata spite OF the fact that the London Bank !
is no, e.nains unchanged the position there !
even tSera SSu,.e SO strong as in New York, but /
stock. NE IL no anxiety Is felt The copper |
ana nave shown quite a little strength |
and tnerng peing steadily bought on the large /
sne world. Standard OH Interests have n |
Der a uesi TO say in any movement in cop 1
On IN. o,,,iy they seem to be generally buIlish /
snito os csiose. while under best. was firm 10 |
room VI heary profit-taking all round the /
hoiida,.in IN view of the approaching /
ciHc a The retirement OF Northern Pa
tbongRb, Rb,eierred was generally credited. al
cific Sr, Iot ornciaily confirmed. Union Pa
generan,. noliceably strong. and the buying |
Well dii,Mas y Was OF a confident character and
cent ad s.dIiputed Money easy at 3H4 per |
show a ,e .ie borrowing demand did not |
r. q specially large bull account |
snd ,thg auihg curing the day was very large !
able dis,ata 5is total sales came within measur-
eiection OF the big days just after the ;
Of ST., metropolitan is issuing ,6G0fs, !
s'ocA out Of the treasury at i6o. and at