Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-29
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT nUsi'
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks
Grain, Tobacco, Cotton, Cattle
Country Produce, &c, Foretgp
and Domestic.

and Domestic.
NEW YORK, December 2S.-Tba bears
in the stock market showed somewhat |
more confidence to-day, and had some sue !
cess in reducing prices. The most potent |
factor in their favor was the continued |
flrmness Of the money market. but much |
was made at one time during the day OF
the reported willingness of the Secretary
Of the Treasury to resign his Office. This
report was exaggerated into story that
the resignation had actually been made
and the effect was 10 expedite the sell
ing movement, which was confined to
the professional traders, however, and
which reached only modest proportions.
The market showed no change from its
recent holiday character, and its SEM
blance of waiting for conditions in the
money market TO become more defined
and settled. Had it not been for the sus-
tanning influence of one or two OF the
specialties-notably, Manhattan, western
Union. and Brooklyn Transit-the scale
would have inclined much more sharply
to the side of depression. Third Avenue,
which has been so prominent feature
i'm the recent market, reacted points to-
day, and Pittsburg, Chicago, Cleveland
and St Louis preferred also fell con-
spicuously 3-s i'm the late dealings The
Coalers were notably weak, and New
! Jersey at one time fell points. Metro
politan Street Railway, which was dealt
i'm ex-dividend of is per cent, showed
some feverishness, but ended with
| small net gain. Burlington also fell near
| ly a point below par, in face OF No
vember statement showing an Increase In
net earnings over last year of s32S,1SS,
| even after the operating expenses OF the
road had been run up over S65OOoo above
| last year
Yesterdays Union Pacific payment by
| the Reorganization Committee found
place in to-day's clearinghouse opera
| tons. 1t involved the payment into the
| Sub-Treasury of about S4,JOO0O0 In cash.
! II follows that the Sub-Treasury paid out
to-day over $5,5O0,GOO for redemption of
| Pacific bonds.
| BY Yesterdays and to-day's operations
| the government has supplied the money
| market with over 100000 on balance.
| The tone of the market was not, Low
| ever. markedly easier, loans being made,
as on Yesterday at all the way from
31-2 to 4l-2 with exceptions at the close
at 2 per cent Sterling exchange also
| continued steady There are still seye-
| raj millions of the Pacific bonds which
| mature January LIST. and which are now
| available for redemption, under the gov
| ernment's offer. but II is difficult to est-
! mate how far the owners of these bonds
will avail themselves of the governments
offer
| The firmness of time money for the
shorter period the rate being IL per
| dicates a belief that the rates may con-
| tinue stiff after the first of the year. The
| demand for money in London and Berlin
| has it's effect i'm keeping up the exchange
rate, and II is believed TO be not I'M
| probable that the Bank of England VIII
| advance it's minimum rate this week.
| There, is perfect confidence felt, however,
that this would not avail TO prevent
| movement OF gold in this direction,
II any real stringency was threatened at
| this centre,
The bond market showed some irregu-
larity to-day. sharp advances being
shown in some issues, while others were
| conspicuously heavy. Total sales, S2CC0'-
| C,O. United States old As, registered, de-
! clined Is. and the new As, registered
| Il bid. The old As. registered, sold later
at 1l2 81. the asked price.
, The total sales Of stocks to-day were
| No
red Aus: Chicago, Burlington and Quin-
cy. 81 $50: Manhattan L. $685.; Metro
uolitan Traction extra dividend, 9,s5o;
Missouri Pacific, 900; New Jersey Cen
trail. 3.f9O; Northern Pacific, preferred
ISL; st. Paul, 1925; Union Pacific, 4,A0;
| American Tobacco 1885; Chicago Great
Western. 1851; Lead, 1891; Sugar. SO'95o
tennessee Coal and Iron, $3.50; Western
Union. PISS.
MONEY AND EXCHANGE.
Money on call firm at 2lsG9i4 per cent;
last loan. per cent, closing, offered at
/ 2lb@3 -or cent; prime mercantile paper
SIkaiii .er cent.
sterling exchange steady, with actual
business in bankers bills at $iSiha$iSi2
for demand. and stSl1zqaSA for sixty
davs. posted rates. $.S2lzdA.S, and
| Sl S-iLGsis6; commercial bills, A.S12n$ia
SILVER certificates. 5S1zd5Sc.; bar silver
5ss.c. Mexican dollars, 45 5-Sc.
Government bonds weak; State bonds
duIl. railroad bonds weak.
nEW YORK STOCK QUOTATIONS.
| Closing stocks.