The times. [volume] (Richmond, Va.) 1890-1903, 1900-12-23
WILD SCRAMBLE
0NSTOCK MARKET
All Sorts and Conditions Of Stocks
Were Bought.
A SAT u RNALlAN SPIRIT.
Tic Days Performance Speculative
orsic in Which Brokers Bought
Stocks With the Abandon OF
Christmas Gaiety.
A SAT URNALIAN SPIRIT.

NEW YORK. Dec. 2c122.-ro-day's specu
latlon Ia stocks took on something OF i
Sattrnalian spirit that attaches 70 the
Christmas honday celebration by inhcri-
lance from ancient pagan customs. The
DAY $ performance ia the STOCK market
cannot be adequately described otherwise
Than as speculative orgies individual
consideration that might attach to spe-
ci'ti stocks ana affect their value were
apparently taken no account of, and there
Was a Wild scramble TO buy all sorts ana
conditions of stocks. though all future
hopes of wealth and prosperity depended
on an ownership OF stocks before
Christmas.
There was no newf Of Importance TO put
any new phase on fhe question OF values.
present or prospective. The buying
seemed 10 represent the cumulative erect
upon financial sentiment OF the imposing
rise in prices during the week, and the
apparently undiIninishcd confidence mani
tested by large capitalists by their con-
tinucd large absorption of securities.
AT the fail of the hammer at the chair
mans desk some 1909 shares Of Northern
Pacific We're instantly bought III Il single
block. First tranSa czionS in other stocks
ranged from 1000 to 1000 shares. With
a gigantic Christ ma Stree, dccked- out with
ElitterinG ornaments: and festoons OF
Christmas green's ard bunting waving
over the floor of the exchange, the
brokers bought stocks with as much
Christmas c4icty. The market apparently
yam wild and was only quoted by an &C
cessicn OF selling orders invited by the
extreme advances attained by some
stocks. But the buying WAS resumed in
the last half hour after The bank state
1nent appeared, and d number of stocks
We're rushed to tn" top level Of the day.
The close animated and irregular.
Some of the extreme advances We're: Su-
gar. :,9S: Brooklyn Rapid Transit, AZ:
General Electric 4: ST. Paul. %; Peoples
Gas, 25S, and every listed stock from Is 10
Y points.
The bond market was in sympathy with
She stock market The lCwer-grade issues
have been the favorites, and have moved
upwards with occasional reactions from
speculative profit-talIinE- United States
refundinG 9's advanced X. old IS and IS
y and :; s Tegist cred Il per cent The new
Is declined J, below the ruling call prices
To-day's Sales of stocks were LAOS. 200
shares.
MONEY AND NEUTRALITY-SUSPICIOUS. on
tile paper 4Aa54 per cent Sterling eN-
change nominal, with actual business IN
bankers bills at SiS4;s for demand and
st s.. SelaI14 SOS for sixty days; posted
..ites, S4Slla and SI.S5l@; commercial bills,
81 T.i&i "A. Suj4- silver certificates O3mbo:
lar silver, ti}tS; Mexican dollars, 30. State
londs~1Ilactive: railroad bonds firm; Gov
trnmeuL bonds weak
WEEKLY BANK STATEMENT.-The
weekly statement of averages OF the AS
ISOLATED Banks shows:
Loans SIS, uEtS.1Na: decrease s.. 800
Deposits, SS::S. 500 400: decrease 3,SG3, 60
Circulation, S:so,@19:Jit0; increase. 1IS.3Go
LEGAL tenders. $50 laI.1 "; inc. S2u,Gn
Specie. SIS. o4f.0 increase-.-- 1.3S5, 200
Total reserve. S219. 9S,1uo: inc. 2,2oo,toO
Reserve requirements, S209, 101,-
Surplus reserve. 9,491 900; inc..-. 3.171625