Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-12-18
"A. SAKS az CO.
SAKS' CORNER:
MARKET QUOTATIONS.
REPORTS FROM ALL GRE&T BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

NEW YORK, December IA firm
tone characterized operations at the
Stock Exchange to-day. The opening
was strong, owing TO a higher market
for American securities in London, and
moderate purchases Of ST. Paul, Louis
vile and Nashville, and low-priced Is
sues. for account The gain at this time
was equal TO 1-4G3-S per cent, Rubber
common scoring the greatest gain. Short
" after midday, however, the Gould
stocks were subjected TO a severe raid,
and. under free offerings for professional
account. declined 1-Sd2 IL per cent. Man.
haitian fell to 30, one broker alone selling
5000 shares.
A turn for the better occurred about
O'Clock. when it was announced from
Washington that Secretary-of-State OIL
ney would appear before the Senate Com
mittee on Foreign Affairs tomorrow, TO
argue against congressional action on
Cuban matters at this time. The adj
tournament of the Senate until Monday
was also favorably received by those
operating for higher prices for stocks.
market moved up under purchases for
both the long and the short account. The
gain IN prices was equal TO l-2G2 IL per
cent and was well distributed.
Tobacco led the upward movement and
rose to II IA. on talk OF the retirement
of the scrip issued early in the year.
Rubber common rose to % 81, and was
in demand. on belief that the directors
will declare a dividend later in the
month. Chicago Gas. Spirits Reading.
the Changers. and Louisville and Nash
Vile were all conspicuous in the advance.
The fact that the st. Paul earnings for
the second week Of December made a
better showing than was generally ex-
pected. file decrease being only 81 600,
had a good. effect on the Changers gene
rally.
The chief topic of the day. however.
was the possibility Of gold exports TO
Germany next week. The open opinion in
financial circles is that about 10000
in gold will be forwarded 10 Germany
next week. If present conditions continue
TO prevail Money abroad Is steadily
hardening. discounts I'm the open market
i'm London to-day having advanced TO
3g-4 per cent. while the rates here are
merely nominal. Again. sterling eX-
change is gradually strengthening. and
the interest and dividend payments due
to Europe next month foot up a very
heavy total Authorities agree that.
with the current rates Of sterling and
the Imperial Bank OF Germany allowing
n slight premium, and paying interest on
the consignment while in transit. gold
could. undoubtedly. be drawn from this
country.
Speculation closed strong. NetFchanges
show gains OF 1-fN1 per cent Manhattan
and Western Union lost 1-2G7-S per cent
Tobacco made an exceptional gain of
1914 per cent The total sales were
173 1925 shares. including 1920 Sugar.
81 200 Reading. 205GO Burlington and
Quincy. and 1920 81. Paul.
The bond market was strong to-day.
The transactions aggregated $l1O9O00
Treasury balances: Coin. sl2l .0Sl SOL:
currency. A66l9,7@.
MONEY AND EXCHANGE.
Money on call easy. at 1-202 per cent:
last loan at 2 and closing offered at
nor cent. Prime mercantile paper,
per cent.
, Bar silver, 65 s-S. Silver at the board
quiet.
Sterling exchange firm. with actual
business in bankers bills at siS3 3-iGSLS4
for sixty days. and $iS l-iHSiS IL for
demand. Posted rates. &Si l-2HA.SS. Com
r,ercial bills. $50 l-2GSiS3 -
government bonds dull. State bonds
HIGHER. Railroad bonds firm.
STOCK oUOrATi oNs.