| Show STOCK EXCHANGE DEMORALIZED News from South Arca Africa Causes Momentary Panic In London N Y LoW vet or of Iho London Dec lOThe news nes of the do dc t teat nt of Gen Oen Muller at t river n a momentary punic panic on the stock exchanges holc here today whore where there thero wa was intense In al all departments Immediately ater after time the opening JObbers started and al all prIces opened front I 1 to C 0 points below bolow the tho closing prices ot of yesterday being down 1 Rand mInes were heavily affected at 33 as against yesterday elto ny evenings closing prIce of 38 35 De Dc Beers Ders n at 3 a as against 27 at 3 as against 3 and gold felds fields a at 6 5 as n against 7 AmerIcans were ver very lat flat and wore were freely offered b by io 10 cal anti holters holders nt at Prices which Iloh they found difficulty lii In obtain obtaining Ing moved In sympathy wih with time tho other securities Parisian stocks however held their own corn com wel well After Atter the frt first rush the market steadied somewhat still Speculators wore were reluctant to engage ill hi fresh commitments confining them themselves selves seles to time the closing ot of open accounts The he market views lell ot of the situation are ot of ota ofa a a most serious character both POlitically cal cally amid monetarily the later latter mainlY because the fresh defeat defont of the I h troops wi will dela delay longer the supply or of South African gold cold iwo tint failures were announced early carly In Inthe inthe the IB day PrIces on the tha stock exchange I closed beter better than the they opened but below the best Hand mines closed at 33 33 Do De Beers gold felds fields t 1510 3 33 LI New York Dec minutes ot of active trading on the tho stock exchange today demon demonstrated that the tho i market was too hallowed to I that tim market was M too to torun run Iun Into unopposed I Running sales at the open opening In showed quotations far apart Extreme declines In the tho internationally listed storks stocks ran I up to 2 points In sympathY wih time the demoralization caused on the London stock exchange I by time the ills ls aster to Gen Con Duler In South Africa But soon utter after the opening transactions the pricEs prices Quoted were out on a scale up upwards wards the recovery of I 1 to 2 points be beIng being Ing almost instantaneous The Tho lead leadIng Ing Industrials and specialties were greater than time tho railroad stocks deal dealt In on the London exchange Time The extreme m decline In group reached fire Iho points In th general list the tal fall In prIces was not 81 Sales for tor London nee ac account count were vere on a large scale especially lS as the rai rail lifted prIces above aboe the Len In Inden Lenden den parl parity still there was an inviting profit In selling stock here that been burhl bought en on the slump In London The trading nt at the opening was at attended attended tended b by considerable excitement and Indeed the street districts showed how 11 unwonted sIgns ot of activity beon before the stock toek market o opened end The he news In the moring morning papers of at On Gen hullers reverse brought brokers broken and stock operators early on the ground to make preparations I Hans for tor the demands upon them Many Ian did miot walt wait for the open opening In of the New ew York cabled buy buyIng Ing orders to London thus helpIng on the ral rally there before tore the trading b be begun gun gan In New York The vigorous sup support port b by of large buying or orders dens ders through time the prIncIpal portions of tit time list was a thul thus made effective and the market moved upwards almost tram from the opening The recovery enticed n a pause In time the rh rush to liquidate anti and the tho market orame became quiet and lost al all ap appearance or of excitement The Quiet of time the market proved prayed a affair amid gave way to lo al an active resumption of time the selling move moe m mont nt on the receipts of belated sellIng eln orders tram from London The list crumble crumbled by deg degrees s until the whole market sue Bue cum bed to demoralization Losses were particularly marked In New York Cen Central Central Louisville and thu gran grangers ers The ho Industrials suffered acutely tan dropped nn an extreme extremo 9 point points Ds appoIntment over oer the small loan lonn con can contraction tracton traction shown haI by the bank statement ond renewed apprehension over the ll sit cation In Boston had to do wih with the tho decline The Tho net nel losses ran up ni all the way tram noun 3 to 9 POints In the princIpal active stocks and n no attempt at sup support support port was apparent except for tor hast hasty CO car ening by horts In a fel few stocks slack which caused d sharp rallies In most time last prIces were time the lowest ot of time week and amid In some cases of time the year ear MONEY AND BONDS DONDS roney oney on en cal call easier at I per cent merante mercantile paper G per por cent Sterling exchange steady wal actual busIness In bankers bis bills nt at for demand nn anti at for tor CO 60 days Posted rates U and US CommercIal bis bills Ul Silver liar Har 9 Mexican State bonds inactive Government bonds stead regular Se regular 10 i cO coUpon llon I new 4 regular 13 nc new coupon old regular old Is 48 CO COpon coil pon 11 Is rellar regular 1 G Ge coupon vElLY 1 f New York Dec welly weekly bank shows the lolow follow changes Su reserve increased 1 Loans decreased Specie decreased Legal tend tenders rs increased Deposits Circulation decreased The Tho banks now hold In ex cx cess of the requirements of time tho 25 ver cent rule SI NIi ASU nA ET Lter Letter and quotations furnished by D B DH II H Lawyer Co Sal Salt Lake CIty New York Dee Dec opened active neUe anti nl at shar sharp losses loue due to lIn han IckY con condition of markets which were Influenced by Gen Oen ulers detent detent Dig In Boston Doston hll had nn an adverse et effect t and contributed to the tho general downward movement Ther There was some covering and god good support which absorbed of offerings and sugar recovered three points Brooklyn moved moed tp tip n a half Manhattan recovered n a Tennesse Tennessee coal which sold fold or five poInts at opening three and Federal stel steel n ii bi bit The grangers were wre weak ald International stocks had no rallying power After the first hor hour the support was pret pretty wel well loaded up ani anti while ther there wa good od covering ad and buyIng for Ion long account the selling overbalanced everything Gold o exports British II the expectation or of more failures s sIn In Boston loston were the causes ot of liquids ton tion and the the hell best houles houses stocks There WB was heavy hean selling near the close whIch which torell ore cares lower thun rl donn dona i II the 1 I It losers and time the sump slump Market tD is tbt t tweak f weak tf cent lower l o 4 corn otC off In 8 t bait m visions ii Hi Cents tentA 1 r q Pro was dul dull and aM C p 1 Wheat a gain of I SIad oe In ing price nail and Itron e covered nt at time the do om r is at low lv of 1 t boil SP lAHY UI Ol Dec 16 10 2599 OPen OIJen lIil MR May wh wheat at C I IRh C L e se Mn May corn 33 1 C I C January frk pork 10 3 J i Ill Now ow York Stocks 1 Sugar 9 1 13 I 13 1 J 1 20 o ol l ples gee goe 91 Ih h Brok In It T 1 13 i Ta ia ji I I 13 71 m 12 1211 I 1 1 N 79 1 11 fk Manhattan os o I Mo I 4 S U Pacific 4 73 7 4 ft Tenn C A I St 81 J i r Fed steel 2 51 t Chicago Dee Ct c Generali Steady sted i 1 l cows G 80 r canners canner ant M fe Texa Texas graig st rg 3 Texas ted fed beeves 4 SIt 5 I I Qt ti da day let left oV over r 2 li 11 el Lid iJ bu j 4 0 gOOd to o ch chol hI i t I rough nought heavy 3 45 ho OltO bulk ot of anlee U 4 Oh b 1 steady on o Westerns terns I i C Co 40 lambs PRODUCE May wheat opened at t la nt at 6 H and aimI Im j F for some time at the n F shorts short against gos and sume sime bu b Mn May c JUI Jay 91 H I CornDe 30 May 31 22 May t 80 Mi May I 4 Ln ee May r 6 Ma May Cah 2 r J t 3 re red No 2 harj rl wIn r c 6 3 h hard rd winter 16 No N I 1 spring GiGS No Z tn r spring No 2 ring pring r 1 2 31 21 No 3 o 2 2 2223 No 3 2 HeS Barle n ss CIT Jp HUCK CI City Mo Dee Dec O Market maly Na a to tivo steers T x s Texas cows 2 I 0 cows Ind and heifers and feeders bUls bubs 50 to Sc higher active Juk lt f s he heavy and I q r packers 1 1 2 tl I t yorkers 1 Tig rigs i I Lambs Lambs muton 11 JS In lOCK Denver Dc Dee l i 95 5 Market acle active Ind and steady lkc Ikel etc i t cows f I r I gi to 10 river s i fr paid poid to 10 river buls bul s ig gl etc te 43 5 steady l b 10 Light packer packers 3 mite and heavy Receipts none Omaha mc d Native b f ere steers cows li iI re 4 canners st calves 7 00 stags etc Market Sc l i cr heavy 4 light pigo bulk of sales none Na tive mut tons I tons stock sheep lambs San Francisco Dec quiet May Cash Barley no sales cash barley S |
