Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-15
MARKET QUOTATIONS.
,rponrs FROM ALL GREAT nusr-
,ess CENTRES OF THE WORLD.
,.,ce. of Money, Donda, Stocks,
arain, Tebncco, Cotton, Cattle,
couutry Produce. 40, Foreign
.nd nomesttc.
,.,.u- YORK STOCK MARKET.

>.r,,y YORK. December lA-There was
1r.,,sition to-day on the part OF the
s.,sers OF stocks TO realize profits on the
INT rise, and the bears helped along
~. rsaction by free short selling. There
~, one or two exceptions in the
.t,t and some covering OF shorts be-
~. she close by the bears, so that the
r. declines do not indicate the extreme
an q, prices But the general tone OF
...,,,ation was heavy, and no aggregate
.,,sition TO buy was manifest. The
,--,,r tone Of the call-money market
IS undoubtedly the cause OF the halt
q, .he bull movement.
re. decline in cash holdings by the
inks shown by Saturdays statement.
ana tae shrlnkage in surplus reserves to
,..,,v SSO0000o. are features in the
.-.ray situation which will be accen-.
...teG during this week. The announce
,gsaf from Washington that the bonds
-,e,g~rg on January LIST would be paid
In on December 2ith bears on the situa-
ion The aggregate OF these bonds is
~ 5lig a. and their redemption will about
'gset the payments already made TO the
Pacific sales. which amount TO so. 500 600.
me government will disburse over 5000
eu .Y interest on January LIST.
The balance which the Union Pacific
rs6rcauization company stin has TO pay
th. government amounts to $4,000 600,
az Of this amount $S.500O00 win be paid
his week. and the remainder by the first
,rssk in January. 1t will be seen that
me balance in favor of the Treasury will
amount 20 nearly S20O00000.
II IS not expected that this amount
Will be suddenly Withdrawn from circu-
l.f.1a. but IL Is anticipated that IL will
D. allowed 10 remain on deposit for the
rresent in national banks IN this city.
gst the continuing deficit in the reve-
mes. which has fed a constant stream
into the money market, has been recog
alzaJ as a factor in the ease Of money
rates. and the completion of these opera
r0ns will put a new phase on that con-
d,ton. The rates for call loans were not
above 2l-2 nor below per cent.
The market was almost wholly techni-
cal the strength of the Coalers, with no
news TO account for it. serving TO sus-
lain values somewhat. The dealings in
Inactive securities in small lots continued
10 be a feature. the high-grade invest
msrt stocks being the favorites. A full
share lot Of Harlem sold at 325. as COM
pared with 800 at the last previous sale,
which was several months ago.
The bond market showed a decided de-
crease in activity to-day, the high-grade
issues continuing TO improve, but some
O, the speculative bonds showing losses.
Total sales, $4,000.
United States 5s were is bid
The total sales of stocks were 10000
shares. including Atchison preferred.
SEQ: Chicago, Burlington and Quincy.
1908: Louisville and Nashville. 67H;
Manhattan, 12.225; Metropolitan Traction,
ESQ: Missouri Pacific. $50; New Jersey
Central ISIS: Northern Pacific. 1880; do,
preferred. 1880: Rock Island. S.S7S; St.
Paul. 22.SS4: Union Pacific, 1872; Bay
State Gas. 1880; Chicago Great Western,
1856; Chicago Gas. 1928: Sugar, SS,942.
MONEY AND EXCHANGE.
3P. M.-Money on call firm at 2G2 1-2
per cent; prime mercantile paper, 3a4 IL
ger cent.
Sterling exchange steady. with actual
business in bankers bills at SiS IA
Sass S-S for demand, and AS2 1-2qs42 A
for sixty days posted rates S4.S l-2aA 81
and 1886 1-2qS4S7; commercial bills'
a1 1-24A.S2.
silver certificates, 81 3-4G5S Ia; bar sill
YER. 81 -: Mexican dollars, 46.
Government bonds easier. State bonds
dull. Railroad bonds Irregular.