Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-18
MARKET QUOTATIONS.
REPORTS FROM ALI. GREAT DUsi-
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &c, Foreign
and Domestic.

NEW YORK, December n.-To-day's
stock market was more or less depressed
all day, though final prices are consider
ably better than the low point of the day
Liquidation was. not heavy, outside OF
few special stocks, and the sagging
tendency of prices seemed to be due rather
to an absence of active demand. Some
of the recent prominent bulls bought
stocks on downward scale of prices,
but without any attempt to sustain values.
Manhattan and New Jersey Central con-
tinued 10 be the principal objects Of
manipulation, as was the case yesterday,
and Sugar continued to show weakness,
its decline from yesterdays close reach
ing at one time 2 per cent. but a final
rally left it's net loss only fractional.
There was some continued apprehen-
sion regarding the immediate future OF
the money market, and time money was
quoted at per cent for thirty days and
S1-2 per cent. for sixty to ninety days.
For call loans, per cent. continued 10
be paid, but the rate eased off to per
cent. in the final hour. New York banks
from the currency movement, but have
lost heavily to the Sub-Treasury. and the
condition of the surplus reserve to be
shown by to-moTrows bank statement
will depend upon the amount Of loans
which have been called. There was no
further fall in sterling exchange to-day,
but Yesterdays sharp decline here was
reflected in a stiffening of the London
discount rate to 3 ii per cent, which Is
a quarter per cent. above the Bank OF
England's minimum rate. Confidence
was expressed that the redemption by the
government of the currency 6's, beginning
next Friday, would serve as safeguard
against stringency in the money market,
but there ia much room for uncertainty
as to what amount Of these bonds VIII
be presented for redemption before Janu-
airy list, when they mature.
AS a result Of the rally before the close
of to-day's market, net losses are in
most important instances reduced to frac-
lions, the notable exceptions on the side
of gains having been already indicated.
some inactive stocks show losses of from
/ TO per cent.
There was a marked falling off in ac-
tiyity in the bond market. and some is
sues show losses, Union Pacific 4l-2s de-
clining points. Total sales, H,75O'0Oo
Government bonds were steady and UNI
changed. -,
The total sales of stocks were $4,000
shares. including Atchison preferred, 1863;
Chicago, Burlington and Quincy, S6,9io;
louisville and Nashville 1850; Manhattan
ex-dividend, 80, 467; Missouri Pacific' 10,
New Jersey Central 9,65l; Northern Pa
cifc. 6.O49; do. preferred. Else; st. Paul
23.7lO; Southern Railway preferred o,NV;
Union Pacific trust, $3.50; American TO-
bacco. $3.50: Chicago Great Western, 500;
PEOPLES Gas, 1900 Sugar. 6S,oSS
MONEY AND EXCHANGE.
Money on call easy at 2G2 l-2 per cent:
last loan at 2 per cent, and closing OIL
fered at 2a2 1-2 per cent; prime mercah-
Tile paper, 1-26l4 1-2 per cent.
Sterling exchange about STEADY, WIN
octuaI business in bankers bills at
s1S17-sfIs4.S for demand and A.s2aA.& l-S
for sixty days; posted rates, A.S5asl.SS u
and s4S6d$4.S6 IL; commercial oills'
si.Sl 1-2. 49,. ell
yer, Sc Is; Mexican dollars, 40.
Government bonds firm. state ponds
dull Railroad bonds weak.
BANK CLEARINGS.
r,.o toto, hank clearings in the United
c,ates for the week were 1,SbS94 S'ZSS
80 cent increase. S.9. Exclusive or
New York. 1881 .Oe2, SO; per cent. increase
1901.
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