Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-24
The wKATHKR IN RICHMOND IEsrrRDAl
was clear and fair.
State of thermometer:
Mean temperature. SO
NEW YORK STOCK MARKET.

NEW YORK, December 23.-Wall street
| breathCd freer to-day, and there was in
| consequence q decided gain in prices. The
market received its impulse from London
where American securities opened with
! gains extending TO per cent. in some in
stances.
our market followed quickly. and in the
| initial trading sharp rises were recorded
in the entire list. Buying orders on a
large scale then made their appearance
in the market. and steady appreciation
| i'm values followed.
The buying was stimulated by the ac-
ton OF the New York Clearing House As
| ISOLATION, which decided at meeting held
| at noon to issue loan certificates II re-
| quired. This means that no brokerage
concern with anything Ike marketable
collateral need pay fancy rates for money,
| and is OF the greatest Importance TO the
| street. Almost simultaneously with the
| official announcement OF the clearing
| house action there were heavy offerings
OF money by J. Pierpont Morgan a Co.
Flower & Co. and other prominent nrms,
and call loans, which had commanded as
high as IS per cent, with pledge Of fancy
stocks as collateral dropped quickly to s
| per cent. on the regulardividend-p payers.
and finally fell TO per cent.
feature OF the days proceedings was
the picking up OF stocks for cash The
fact that the settlement at the Stock Ex
change clearinghouse passed through sue
cessfully. and belief that President
Cleveland will act promptly In the matter
OF replenishing the gold reserve. I'm case
Congress should delay both acted as
sustaining influence.
Late in the day the failure OF II. l..
Langhaar was announced. hut this had no
effect. as il is generally believed that the
liabilities OF the concern are small. The
Improvement in prices ranged from / TO
per cent and at the close the gain was
we'll maintained. The important advances
follow:
Pullman Palace rose Q; Consolidated
Gas, S; Rubber (preferred, -; Lake
Erie and Western (preferred), l-2; Me-
tropolitan Traction {; Atchson (prefer-
red). -: Rock Island, 6 IA; Sugar. 4;
Sugar (preferred), IL; Alton and Terre
Haute, S: Tobacco. 3; Bay State Gas,
ii: Big Four. 3; Burlington and Quin-
cy SIS: Chicago Gas. s II; Northwestern,
.; st. Paul 4 1-2; Colorado Fuel, 3-i;
Lackawanna, 3: Delaware and Hudson,
3 II; Denver and Rio Grande (preferreD.
3 SIS; General Electric, S-s; Iowa Cen
trail preferred). 3: Lake Shore. "a;
Louisville and Nashville. . is; Manhattan.
2 81: Kansas and Texas (preferred). 4;
MISSOURI racine. - Iehu, A. Icdu ipit-
ferred). {; Jersey Central, g; New York
Central, 3: Susquehanna and Western
preferred). 4; Pacific Mall, f. Southern
Railway (preferred), 2; Omaha. Z; Tennes-
see Coal, .; Cordage Guaranteed, 8 II;
Leather (preferred). g. Rubber (commOn),
3 81; Western Union. 81.
Speculation closed firm. The total sales
were 2.72s shares.
Railway and miscellaneous bonds were
irregular. but in the main firm. The mort
cages which suffered severe losses last
week scored recoyeries OF las per cent.
The total sales were S3,20l.010.
In government bonds $4,000 coupon So
brought IL l-2Qll2, or a decline Of l-2G
| IL per cent
Treasury balances: Coin. s77.esi 23s; cur
rency, 500, 4os,9l7.
MONEY AND EXCHANGE.
Money on call active at s175 per cent:
last loan at 2. and closing offered at ::
prime mercantile paper. 4i-3aS IL per
cent
Bar silver. s. IL; silver at the board
steady.
Sterling exchange firm with actual busi-
ness In bankers bills at N.s7 3-4dt4.sS for
sixty days and Hss l-4dNss l-2 for de-
mand: posted rates. tis 1-2dH9o IL.
Seaf IL.