Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-27
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT bUsi-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, stocks'
Grain. Tobacco, Cotton, Cnt'ie'
Country Produce, &C., Foreign
and Domestic.
NEW work. STOCK MARKET.

NEW YORK. December 26.-Stocks
showed considerable strength during the
early hours, on the easier condition of
the money MARKET. lower rates for ster-
ling exchange. and belief that there
will be favorable legislation at Wash
ington II was almost the unanimous be-
lief that measures looking TO the restora-
ton of gold 10 the Treasury would be
taken. Buyers were making preparations
for the expected issue of bonds, which it
Is now thought will be al least SlOO,0000OO.
There was any amount of gossip about
the issue but people usually In touch
with government financial operations
either did not know or did not care TO
20 on record as making predictions about
the matter.
The war scare also abated and London
was moderate buyer Of Louisville and
Nashville. st. Paul, and other stocks
with an international market. The Inn
provement i'm railways earnings i'm the
West also led to buying OF the stocks
Of the wheat and corn carrying roads.
The easier condition OF sterling ex-
change put an end TO the foolish talk
about a premium on gold. and a leading
bullion dealer stated that the only in
qury for the metal was from intenning
purchasers of the new government loan.
The improvement in stock prices in the
first hour ranged from l TO W. per cent.
Iacl<awanna rose Az 10 165 -; Michi-
gan Central 3, TO IS; Cotton Oil, prefer
red. 3, TO 81; Lead. preferred, , Is; Con-
sOlidated Gas, . 3-4: Lake Shore, 23-4;
Louisville and Nashville, 2 IA; North
west >. Canada Southern, "a; st. Paul,
! ga: Rock Island, Il rs: Jersey Central,
| rs. and the other active issues quarter
TO IL per cent.
The advance induced sales TO realize
profits and reaction of 1-in2 per cent.
took place. Rock Island. Big -Four, Lake
Shore. st. Paul and Manhattan being
most conspicuous in the downward move
ment. Iackawanna, which had sold at
le5 1-2 carly in the day, was subsequently
hid for AT 100. and offered at le2 IL. Read
ing. Baltimore and Ohio, and for time
Leather preferred. were weak and lower
Reading was sold by holders, who do
moi wish TO pay the heavy assess ment
Leather preferred. was sold down 10
81 Ii from 81. Oh board rumor that The
dividend will not he paid. Later, there
WAS a recovery to IS, on semi-oificial de-
malls Of this report.
Baltimore and Ohio fell IL, 10 10 IL,
on revival Of the unfavorable reports
about the company's financial CONDITION.
The market ruled quiet during the
greater part Of the afternoon, and the
course OF prices was irregular until near
the close. when speculation became nrner'
owing to a sudden rise i'm Sugar to lo5 IL.
The buying Of Sugar at this time was
hased on the belief that there VIII be no
adverse legislation so far as this conf
many is concerned at Washington thls
session.
s1-2 per cent for the day. keadihs'
rnion Pacific and Chicago, burlington
and Quincy, show losses or l-Sal SO per
cont Baltimore and Ohio, however, lost
SIS per cent -,
hoca,ne weak IN sales to realize. The
total sales VIC. 100000. The total sales
NJ bonds were 304 lSe shares.
The sales OF lis'el stocks aggregated
on aeo shares. Of unlisted stocks
s9,7i9 shares. ,e,o,- o,,.
currency. slOO7il,5c9.
MONEY AND EXCHANGE.
Money on call easy at sal per cent;
last loan at Is. and closing offered at
ner cent: prime mercantile paper Ago
51-2 per cent. -,
firm. IN ..,.s ..,,.,
business in bankers bills at A8 Log
s4SS3-4 for sixty days, and N.e9 Ia
$40 for demand: posted rates. A.s5H
S,eor-9. commercial bills, s4.S7aAs7 3D..
Government bonds firmer. state bonds
s,aadv Railroad bonds lower.