The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-14
STOCK MARKET
SHOWED LIFE
The Dealings Were Irregular But Not
Unsatisfactory.
CALL LOAN RATES suBslDE.
The Estimate of the Cash Movement for
the Week Promises d Loss Of
More Than Six Millions
OF Money.
CALL LOAN RATES suBsIDE,
ny Associated Press. !

NEW YORK, Doc. 13-Stuciis scored
quite nouaple recovery III tosuaS $
Inarket. The market was very ire ,uluf
curing The carry portion OF the Gay ana
distinctly weak III Spots This was uue 10
Inc residue OF unc;isiness coming over
from yesterdays events and the gear tli2t
money sT!ngency WOuIC usNciop GuilHs
The Gay. incident To the carrying. over OF
loans unt! Monday. borrowers on caii
paid as high as 81 per cent. early III siic
GAY, but tncg tau no Difficulty III oottt!..-
ing accommodations al The mcNaiHhs
rates. There was no further ceIiiIS OF
loans by the hunks or forcing VI iiiGi-
dation in consequence, as WIS lile case
yesterday. The call loan rate yielded IS
The larger. demands were satisfied, and
Tell bciOI q per cent. ut the ciese. Fer
cciviug the course Things were taxing, tae,
bears began 10 buy 10 cover their short
contracts. which mad been considerably
extended in yesterday decline.
There was some Buying also by inside
interests in the various stocks, especial
~ during the morning, Tor inc purpose
or support. Gnde: these influences prices
began to recover. and tuuci.ed the nigh
level OF the day during the afternoon
This level WAS not Only maintained. but
was STEADY and dull and a fraction below
the top level. Yesterdays anxiety over
the rumors circulated OF the cnharrass-
1ncnt of a large international mercantile
house was relieved by assurances that
the trouble was Iided over. This was q
factor iii the rubber stocks, and rubber
lost * points.
The preliminary estimate of the cash
movement for tie week promises a loss
OF upward OF $4,000. GOO Tor the banks, nut
the easier tone helped to Il more helpful
sentiment for the future. The week
foundation, both in the stock; grain ana
cotton market may have directed some
reduction OF the loan account OF Inc
banks The weeks movement of cash
shows no gain Of any significance from
the interior on the express noVement,
while the transfers through TO the SUD
.,r11p, ted
Additional supplies Of money next week,
MS indicated and relief from the liqu:sa-
ton. arc clearly the only factors in sight
TO warrant the easier tone OF the money
market In the late strength of the
market gains of Jn2 points were maze
among the local fractions. trunk lines
coalcrs both hard and soft; southwest,
.7r1 and a number of specialties General
Electric gained Z points. Copper fuct-
7lated feverishly on the anaouncement OIL
The open cut in the price OF raw copper;
fThe stock rose to GSis at one time, ana
was near tl>at point several times me
low price was GGi4. and IL closed only y
higher at a net decline of Us.
Bonds were irregular and only moder-
etely active. Total sales par -, Tai ,lr
g 90. o|n United States BONDS all IN
changed on the last cali
The total sales of stocks to-day were
CO. 800 shares.
MONEY AND ENC1IANGE-Money on
ali closed firm at :.dS per cent, closing
Md. ana asked. 3a4 per cent; prime rner-
rantiic paper. 4lsG' per cent Sterling
exchange steadIer with actual businss IN
1919 o,,T al 81 S18.Gp4 S25I for sixty DAYS:
,,tst'ea rates. sI.s3lhm4.s4 and $3.50
SIX. commercial hills. si.S2El4. S21a. Bar
silver, 81: Mexican dollars 439s Govern
r,,ont bonds steady: State bonds, lnac'lEe'
railroad bonds, irregular
Total hank clearings for week ended
December II. So. tO2. S31. 500: increase. ID
pcr cent Outside Of New York, SS39,-
$4,000: increase. Us per cent.
STOCK QUOTATIONS.
- Giori- I-nc linn