The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-08
FINANCE AND COMMERCE
7HB CLOSING QUOTATIONS u
MONEI.
Ofevinrs and sales at tho Richmond 10
bscco Txohange-tnternal he'enuc
Coll,otions-forcignA Advances.

NEW YORK. Dee 7.--To-days stock
market displayed noteworthy strength
throuehout the day, and the demand Tor
stock xxas broader and more widely dif-
fns.d through the list than has been the
c... In "a large time. There was hest
fancy az tho opening, probably induced by
the lower prices from London ana some
81 Tho stocks which developed most az
srsssiye strength later showed some
losses at the opening. This was notably
frue In the cases OF Louisville ana Atchl-
son preferred. The early strength I'm the
market was. I'm fact, most notable In the
,peclaltics. There was a scramble OF com
betting orders in Sugar. which carried that
Volatile security up 3N per cent IN the
frsf fifteen minutes OF trading. 10 dropped
TWO points almost ~ quickly on offerings
~ realize. The largest gains I'm the nrst
hour were all I'm the spccaiues. Southern
preferred was the first OF the raliroaa
stocks 10 attract marked attention, ana
the price was advanced a point; New
Jersey Central also showed tendency 10
recover from it's recent weakness, thoueh
IFS tone was rather fcVcrish. THIS ana the
irrcgularity Of Sugar checked the advance
and activity Of the market at times. ana
there were several periods OF dullness on
slight reactions during the day. IL was
not tiil the afternoon that the strength
az the railway list became aggressive and
general. the southern and southwestern
roads being most conspicuous and holding
their gains most firmly. Burlington ad-
vanccd at one time "A point, but reacted
before the close. and the grangeTs and
western stocks did not compare favorably
In strength with those in tho southern
region which to-day began to feel the
influence OF the remarkable showing Of
gains i'm gross earnings for the fourth
week I'm November. which have been re-
ported during the week by the roads IN
that region. The market was helped also
by the dividend declarations announced
to-day and those I'm prospect. The action
Of the market reflected very distinctly the
large and aggressive operations or manlp-
~ a
little outside interest manifested In the
stock division Of the market. London,
besides marking down prices AFTER the
opening here sold stocks very persistently
in this market. notably St Paul.
The bonds market continued TO reflect
very wide and varied inquiry and con-
tinually broadening demand. Some sharp
gains were recorded during the day; ana
prices I'm all cases were higher. Total
sales 81 100 900. United States As. regis
tered. advanced y. and the coupon a
bid.
The total sales Of stocks were 1880
shares. including AtchisOn preferred, H.,
542: Chicago. Burlington and quincy, H.
100. Louisville and Nashville, 1876. Man
haitian Elevated 10lGO. Missouri Pacific
la.O25. New Jersey Central, 1879; North
crn Pacific. 1908. do. preferred. 1922;
Rock Island. 10 27J; st. Paul, 81 500; Union
Pacific, 6.O72: American Spirits preferred.
II POO. Bay State Gas. 2S63O: Chicago
Great Western. 12.15j; Peoples Gas. 3D.
500. Sugar. $500; Western Union, 6.797.
MONEY AND EXCHANGE-Money on
call easy AT 1iAn2 per cent. last loan at
. per cent. and closed offered AT 1%H2
per cent: prime mercantile paper. 3a4
per cent Sterling exchange weak, with
actual business in bankers bills at 4Sj&
FOR demand and at 4S25s for sixty days:
posted rates 4S3l6d4S4 and 4S61a04S7;
commercial bills 4s2. Silver certificates.
sos, 0GOik: bar silver. COZ. Mexican dol
lars. Az Government bonds firm; State
bonds dull: railroad bonds strong.