The times. [volume] (Richmond, Va.) 1890-1903, 1902-12-19
MARKET PRICES
JUMPED UPWARD.
This Was Result Of Cheering
News from Venezuela.
MORE coaFluEnIAsIoM MONEY
MORE coaFlDER1A TO MONEY
Sentiment Has Greatly Strengthened
Since the Bankers' Pol Was
Formed - Time Money
Market is Easier.
(By Associated Prcss.l

NEW YORK, Dec. ls.-Measured by to-
days advance in prices, the strained sit
Sation in Venezuela has been the cause
of much more uneasiness than was sus-
pected on Wall Street. One depressing
effect of this influence has served to hold
back the market from the natural recov-
cry which was due after the action taken
by the bankers pool on Monday to IN
sure the money market from any violent
crisis.
When operators in stocks came down
to their offices this morning, after having
read In the morning papers the news
that the Venezuelan President has prac-
tically abandoned opposition to the de-
nands Of Great Britain and Germany,
they were quick to jump TO the conciu-
sion that all danger Of complications was
thereby removed. There was an upward
Jump In prices at the start. and the mar
ket showed constantly broadening Ten,
5ency till past midday. The demand
after that showed some signs OF salts
faction. but in the last half hour there
was a revival IN animation and final
rush OF prices to the top level OF the DAY
with strong closing. The room traders
were skeptical of the advance through
out the early norton of the session and
kept making short sales on the way up.
Their hastv buving to cover contributed
to the final squirt in prir.~
Sentiment regarding the money outlook
has steadily grown more confident. The
moral effect of the formation Of the
bankers pool has been supplemented by
ectual favorable developments. inc
banks have been relieved from much Of
the s1,b-Treasurv drain which has been
81 nping their resources for several weets
Their loss to the Government 'rsf1t1'''on
Up to last nieht was only s6ss nf. VINE
for the corresro-Ti-e period last week 1t
had reached 81 6.s n1n without counting
.he one million dollars taken for EXPORT
to South America. II Is the general sun
position also that heavy sums nave been
f.~k-
The hrn,1r'ne down Of tho snecr'affon
3,, co--n at C-h'co~o IS REGARDED with an
r,rovaI In Wall S--aet as II has involved
large money rac,,rar,ents fhere. ard is
e1so believed 10 have kent down the ex-
po-t movement of com by reason Of the
hi-i1 r-ica ma 'rta'ned.
Tho time MONEY! market showed In
crea~;~y case TO-DAY. md -atcS for six
,,,nr+l,e' loa-s we've s!t'"aad f-n-'' I" rsr
cent Even for NO ct,o~to~ or'n6s ,n~"er
amounts ve-a oree-eI Ste-1'r- evcha,"a
More corti-rn1 heavy arS a6vanced at
Pals So t1,~+ no Immediate apprehension
fs fe,+ If -o'a e~->o-tS.
a, t,c-eoSaa ;,,+e-inr -,,nve'>,a ont IF pratn
ara T7nnvEe- rncn'-,-S ~ cotio- wore en-
,o,,-a --:-,- fa ~to-c pon1 n-ar,tio,S We've
r-o,o-aaa 10 ha ree->o-c'','e fn- the &C.
f;,-,tr o--1 et~e~~tl. Of co--'n Of ~" ~1"~-
i,e4 10, ao-e and H>e-e Sc '-~ca ~a"en, tn
s,,-~ree +L,t q '---e e@n-+ f"te-aSt
r-.e ~o--o-~4 +o-S---s - p--,' Co'''tn--'
p,c,1r >.a-~o,,-I 1',c's~ o.-a t',e T-~'tna
e.a.ee clael e4>~'-c cr,',c->'cr'n"s foo T.
,,ree re +,,a e-nc-,la+i-o. hit t.'-a~a Voc a
low 's1 &c -n~,--'.'oG In which gains
,.s.>.-os r-,>.., oSSe -,o.r,tc
'r',-, '>,.,I --,,-'-r,t -c.'ve o~S s+-~-.
y, s----,,r,t',,- --;-l, ca oo1-e r'~+nl c,'es
,,o- ,,-'-,a 1---:-ioa c.a-a bonds
,r~-o ~, ,,-,c,-~,,--ad ~, - Last co,I
'rsn '-t-' r"'es of stocks for the day
were a4a 2G' shares.
MONEY AND FNc7a~cE-CTosE
Money on call steady at 4'k@alk rer cent:
closing. 4G4h rer cent: tire Money. ca s.
FER: sfxtr and ninety days 61kGO7 per cent. !:
six -oonths 5aaM6 per cent: pri-,e mer-
car+ile paner. G per cent. Sterling ex-
charge soft wiz, actual business In hawk
ers' '''ls at So IS 70 for aarnand and 81 S3M
f.s2 10 for sixty da--s' hi''e: posted rates.
AS04 ehi ana A.s71kTa r. ,a"cial
bils 81 s'SssT4 SSES Ba~ s''var ASA: Mavi-
can dollars. 37ss. Government bonds
sten'v: State bonds firmer: railroad
bonds strong.