The times. [volume] (Richmond, Va.) 1890-1903, 1900-12-13
STOCK MARKET
WAS ANIMATED
Number of Usually Dormant securi-
ties Were Quite Active.
MONEY CONDITIONS EASIER.
Demand for Stocks Showed Signs of
Exhaustion I'm the Afternoon. but
Small Impression Was
Made on Prices.
MONEY CONDITIONS EhslEF
lRy Associ.sco rrcss.o

NEW YORK. Dec. 1I--AcIFity IA d
Largo number of usually dorilsiiis a1a,,,
ties was taken by traders To-Day 10 49, 80,
onstr.te Increased interest IN the SLoSh
market on the part OF the OUTSIDE puoii '
Cams In these properties Were iNoiS -,
tensive than the usual market lesueiS
and extended 10 points in some cases
During the forenoon there was sted.
animation and strength. with specuid.is 10
interest radiatinE from one sioui, -
stocks to another. Factors ~hlch Soii-
tributed TO the days rise included taihc
statements for the first week OF beceilI-
Der, embracing all sections OF the coul1 III,
and showing substantial increases. ne
fact that as yet money rates nave NO.
exceeded per cent. and that TO-DAY me
first figure made was 512. which tapeieo
off TO before the close. Tcndered speSu-
lators less uneasy.
ury on internal revenue collections ana
transfers to the interior the banks mus
FAR this week have lost 3, -oo.Vo ha,es
for sterling exchange continued 10 !ieiu'
sixty-day bills declining 34c.
il is understood that the question OF
imports of gold is being considered by a
prominent institution on the basis or al
lowing interest on the money While IN
transit. With this relief apparently in
right should conditions become stringent
in the money market. speculative. pools
became active and forced considerable
covering of short lines. The market for
Americans abroad was described as buoy
ant, and the arbitrage houses bought
about $4,000 shares on balance Tor Lon
don. This demand was primarily respcn-
sihIe for the weakness In sterling eX-
change rates. as offerings OF. commercial
hcceptanceS were only moderate. At the
outset of business the coal stocks We're
the principal features and generally got
well above last nights close on an enor-
nous demand These properties later on
showed the results of realization Tin
Plate made the extreme rise of rs, but
Steel and Wire was the most active and
a good second. with a gain of 21a. Salts
faction over the annual report published
by the Brooklyn Rapid Transit Company
promoted a demand for the stock and
strengthened all the fractions tempo
rarily.
There was very heavy buying at inter-
walls in the gransers, Pacifics and some
of the southern and southwestern stocks,
with Burlington. Kansas and Texas pre-
ferred and Louisville especially promi-
nent- During the early afternoon, after
the foreign buying had ceased, the de-
1nand showed signs OF exhaustion and
prices were inclined to yield. Not much
impression. however, was made on prices
when the traders realized. and there We're
a few strong spots which kept the general
market pretty we'll in check.
Unusually large dealings in the Lake
Erie and Western stocks caused d rise Of
and 80, respectively. LOT the common on
and preferred, and New York. Chicago
and ST Louis first preferred jumped 4
points to Jog. An increase OF z, per cent.
to . per cent in the semi-annuai dlNi-
common stocks resulted in rise. of ~
in its price In the final hour a raid was
made on Tennessee Coal. and the stock
broke AK on a rumor that the directors
were in session and had passed the quar-
terly dividend on the stock. This move
rnent unsettled the entire market ana
prices fell away RAPIDLY. averaging g;
poiritfor the most prominent railroads
and extending to d. in the speclaltieS
Tin Plate being most affected. When II
became known that the report OF dividend
action on the Tennessee Coal was un-
founded the stock rallied points. and All
stocks recovered somewhat. speculation
leaving, off strong again and acliNe.
Is1,siness in bonds was very heavy. ana
,,otal,le strength was displayed by Kan
sasa and Texas issues. Reading As got up
TO 93l. early, but lost practically the rise
in sympathy with the decline in the stock
Reading sales depressed the issues al
day, the general As closing point OH
The market otherwise was unchaneed;
total sales. par value, S3,oT0,oHo. United
states refunding IS registered advanced
a. and new As i per cent on the last
cali. c.o, 900
shares.
MONEY AND IIXCHANGE-Money on
cali steady at 46.l4 per cent: last loan
at 4IA per cent; prime mercantile paper
IIl6r5 per cent Sterling exchange easy,
u iC s,f