Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-12-29
NEW YORK STOCK MARKET.

New YORK, December 2s.--The stock
market to-day. after the extended holiday,
again showed its inherent strength, while
the postponed business of the last few
days made the transactions for the day the
largest of any day since the present rise
began. =
AN IMPROVEMENT NOT GENERAL.
The improvement in values. however.
while very marked in few stocks, was not
in general commensurate with the amount
OF business done, aud the advance was not
so steady as il has been for the last week
or two. The demand was in great measure
made by the shorts, who put out their
lines during the last week but while the
new buying was large and influential, the
realizing on the profits accrued during the
last month was sufficient TO give the mar
ket heavy temper at times, and some OF
the leading shares are even fractionally
lower this evening, while New York Gen.
trail is over per cent. lower. ;,
HEAVY PRESSURE BY THE BEARS.
This was in great measure due 10 the
heavy pressure brought to bear upon this
property by the bear contingent, their
hope evidently being by rapid selling
off of this most prominent stock after its
late heavy rise, to influence the general
list unfayorably and so make halt in the
remarkable advance which has now lasted
so long. The effort, however, met with
absolutely no success. and Lake Shore rose
III per cent. at one time from its opening
while the strength of the rest OF the market
remained unimpaired, except by realiza-
tions during the day. The Gould shares
were more prominent in the dealings than
for some time, while they were also the
strong features of the day, Missouri Pacific
taking the lead In the forenoon aud Union
Pacific toward the close, the latter coming
up with rush which placed II upon ma
terislly higher level than on Thursday.
THE LARGEST NET ADVANCE.
None of the other leading shares display
ed any marked strength, but Omaha COM
mon continued its upward movement and
scored the largest net advance of any
stock during the day. As o rule, the
usually active stocks moved within very
narrow limits when the volume OF the
business is considered, many being traded
ia over q range of less than u Of per
cent. The Coal stocks were quiet and
without feature. but the lndustrials were
more largely traded in at advancing
prices, Distillers being specially strong.
The foreigners were not an influential fac.
tor in the dealings, but the West bought
literally of its specielties Among the low.
priced shares only Tennessee Coal made
any marked movement.
THE OPENING STRONG.
The market opened very active and de.
cidedly strong, but the advances oyei
THURSDAYS figures extended to only Y pei
cent, and the pressure TO sell in the early
trading and the decided weakness in New
York Central caused a recession in the list
bringing most stocks slightly below the
level of the opening figures. The market
however, under the urgent demand shown
| by the shorts rallied quickly, and prices
all along the line were advanced iargs
| fractions. The reahzations in the after
noon, however, caused another slight
downward movement, wiping out many oil
the gains of the forenoon and bringinl
| most stocks down to tho neighborhood Of
| first prices.
THE CLOSE RATHER HEAVY.
The close was therefore rather heavy
notwithstanding the squirt IN Union Pa
cific in the last hour. The final change.
are generally small advances, but Omahf
| is up per cent, Tennessee Coal rs. MIS-
souri, Pacific I&, and DistIllers ~, while
New York Central is down ~. Sales
Listed stocks, AL 900 shares; unlisted
| 10000
MONEY AND EXCHANGE.
Euening.-Exchange quiet and firm a
| i8sI5a4S5I5. Commercial bills. 491 a4s3S4
Money! easy at 21ss3; closing offered a
Is. sub treasury balances-Coin. SLY.
$4,000: currency, 80 696, 900. Government
dull but steady 4 per cents. ilI1s. Stat
bonds dull but irm.