Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-03
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT Busi-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds, stochs
Grain, Tobacco, Cotton, Cattle
Country Produce. &C., Foreign
and Domestic.

NEW YORK, December 1.-The charac
ter Of the buying Of the last few days
was disclosed by to-day's result of Stool
Exchange operations. The day opened
with every appearance Of yesterday
sharp demand for stock being still in
force. The lower prices from London
were ignored. and large orders placed on
special stocks caused sharp advances in
the whole market. The amount Of com
mlssion-house buying Indicated a conside-
rable awakening of outside interest. The
buying Of the Changers, Sugar, and
Union Pacific was especially bold and
confident, and by the close Of the first
hour the market had become very
buoyant. and some sharp advances in
prices had been obtained. Then. without
any diminutlon OF activity, it became evil
dent that the advance in prices had come
10 a stop, and that a heavy realizing
movement was In progress. When Sugar
fell a point, and the general list showed
an actual decline. the market became.
dull. and efforts were made to rally 1t
By pushing up the prices of special stocks.
But this plan proved unayailing to effect
a renewal of the advance, and during the
final hour the tone Of the market had
become decidedly weak. and there was
lively throwing overheard OF stocks, TO
save losses. The bears added the pres
sure OF short sales, and before long had
succeeded I'm wiping out almost every
gain on the list. The net losses were not
large IN any important case, but the fall
IN prices from the high point was marked,
extending TO 8 points in Sugar, 4 points
IN Consolidated Gas, about 2 points in
many Of the Specialties. and over a point
In the Changers and many other leading
active stocks.
The news Of the day was not important
In It's relation 10 the stock market,
but what there was OF it was favorable.
The forecast of the Presidents mes
sage, sent out by the Associated Press,
had a reassuring effect. Relief was felt
over tine prospects that western rail-
road rates would be shortly restored.
Reports that an adjustment was proba-
bic between the government and the
Crion Pacific Reorganization Committee
over the Kansas division Of the road
gave special strength 10 Union Pacific,
ana was a sustaining factor i'm the gene
raj market. There was some selling OF
stocks FOR London account, but II was
without much effect, and was about con-
Guided by the time the reaction set in
IN this market.
The market for bonds was broad. ac-
tive. and strong. Sales for the first hour
footed up 10 the value OF over Il 100000.
The total sales for the day were 1850, 900.
United States steady.
Total sales Of stocks. AS 400 shares. in
GLIDING Atchison preferred. S.405; Chesa-
peakc and Ohio. goo; Chicago. Burling-
ton and Quincy. 1880; Louisville and
Nashville. $40; Manhattan l., $3.50; Mis-
souri, Pacific. 1895; Northern Pacific pre-
13,S5; ST. Paul, 4.S95. st. Paul and
Omaha. 4.470; Southern Railway pre-
ierred. 5.9Z5; American Tobacco. 1850;
Bay State Gas, $3.50: Chicago Great
Western. 1880; Chicago Gas. 1880;
E.fS2.
MONEY AND EXCHANGE.
Money on call easy at 11-2a2 per cent.
loan. 134 per cent closing offered
AZ ll-2a2 per cent; prime mercantile
paper, 5a5 ~.
Sterling exchange steady at && S-4@
'iS rs for demand. and $i.S30&.83 is for
sixty days; posted rates, SiSiqS4.S7; COM
mercial bills, $f.S2 IL
Silver certificates. 59G6O. Bar silver,
91-2. Mexican dollars. 46 1-2.
Government bonds firm. state bonds
iull. Railroad bonds strong.
ERW YORK STOCK NOTATION