The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-12-25
PRICE Of STOCKS
Goes LOVER YET
Blight Recovery That Follows
Early Shrinkagc Gives Way to
Relapse at Close.
BUYING FOR SHORT ACCOUNT
Eve of Holiday Affects Days
Business, Many Brokers Lcav-
ing the Street Early.

NEW YORK, December 8.-Thcro was
further shriukage in the price Of stocks
D-day. followed by some recovery and IL
ute relapse again. THE demand became
almost staEuaut NJ the recovered lesois.
was the common belief that such buy
* ass was done al the lower levels was
brgcly for tho short account. and repre-
Fntcd the taking Of profits 10y tho bears.
THESE profits on the short sldc have
Sachcd attractive proportions i'm the
Wurse of the recent decline, but tie
losing out of these short accounts de-
nivcs the market OF a source of potential
iupport and leaves f. orrespondingly
tcakcr from tcchinal standpoint
Some part mast be allowed 60 tho eve
the holiday for tire profound neglect
nto which tho market fen in the late
nadinE- Many brokers left the street at
ga early hour ia tho afternoon 20 ct
away for the Christmas celebrations out
y town
Tho rush of liquidation during the nrst
sour carried prices Jownwards with an
sgy siguilcanee. The rallies were CA
a''agle deallugs and were i'm effect a
grice-feaoj lstmeut 90 take advantage o.
lie cessation 81 the more urgent selling
pressure. a noticeable feature II Die
srop iu prices Was tao comparative ease
'A@ c-ll money market during the
period ot weakness in stocks The Yate
'eii or To- below b per cent hv noon and
Ras not above I-2 peg ceat earlier
tet th" liquidation was believed 20 loo due
go thc money situation more Than, 90
tnfthinE else THO Weekend reviews iu-
tlcfl some liquidation OF long accounts
~ general Wow az tile outlook The
action of tle Ii.I stocks and 81 Paul
ohs Induced an impression that invest
nifnt holders 81 those stocks are dIssaj-
H-ed "lfh the terms az t4e pow stock
issues and are rcdul.le ta,ir hold
WIS on scale very urls.ial with the
0"nsef Fattr holdings 600 those ror!.uar.ie los.
1Ac nec's-itols Liquidation. although com
paIaliFeiy small was ~ aggravated effect
o. prices. owing To- the paralysis OF Tho
demand. The selling was believed 90 conc
from pools and strong operators whose
suppofurg measures have formed the
oniy substantial basis Cor holding prices
win t..s element forced 20 tile selling
SIDE ~ the market It's artificial char
Ter is disclosed. Sterling exchange de-
.iHed in spite az the easier money mar
het here. and London showed ltsoif soil
,ncuts here
Bonds were heavy Tho total saies mar
value sos .0" United States b,.is uero
unc" anEed on cab. Total sales ~ stocks
ssi.l" shares.
MN y oEN. December 1A-AToney on
AID steady 4Qs per cent. ruling rate
per cents closing bid. 9 per cent. or
fered az q per cent
Time loans dun and somewhat easier.
g. days p,r cent. o) DAYS q las per
cont. s.N months cn7 per cent
Close Prime mercantile paper e0s u
Ter cent
Sterling exchange weak with actual
business iu bankers bills 90 s. $40 and
81 s1o for dculnl. and al q 7--0li-5 Tor
g. day bills. Posted rates 8 -aG$f-a 10
and &slrSfs Commercial hills
s &C. a-snsf.7 g.,
BAR silver 10 3D. Mexican dollars 60 81
Government bonds steady Railroad
bonds heavy.