Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-14
MARKET QUOTATIONS.
,roRrs FROM ALL GREAT nusI-
,rss CENTRES OF THE WORLD.
,r,ce. of Money, Bonds. Stocks,
crafn, Tobacco, Cotton, Cattle,
Country Prodace. &c- Ssreign
md Domestic.
and D0msstis

and DSmtsuc.
NEW YORK, December is.-The days
,,,,rkct for securities offered every APP
,,csrsnce Of bresdth and strength, the
IYying being vigorous and the aggregate
,,cu distributed, The fact was not to be
IGNORED. however, that the stocks OF
southern and southwestern roads, which
,,,-s The favorites with the bulls last
yeek. did not share in the advance pro-
rar,ionatoly the price being kept down
tv liberal offerings A decrease in earn
,nes FOR the FIRST week in December re-
rortc8 FOR Louisville. and somewhat
. uafavorable showing for the same period
/ bv the Chesapeake and Ohio, may have
| accounted FOR this, but there was sug-
J rcstion Of proft-taking in the movement
OF these stocks. in the face Of the general
strength manifest elsewhere in the
market.
The jump in Sugar 20 1914. in the
course OF the first hour. stimulated the
whole market The dissemination Of
rsmors that an extra dividend was again
under consideration was the instrument
employed 20 effect this rise, and the
motive OF 10 appeared in the heavy offer
sDss 40 the higher level. The stock
closed at a net advance OF over point.
TIE government crop report, with its
revised estimate of n wheat crop of
trurUj bushels, caused a lively out
l--rk OF speculation in the Changers
,re high ruling price for wheat. with this
heavy Yield to draw on, being regarded
as insuring prosperity to the wheat-car-
yln- railroads.
Sill. another element of strength in the
f4t's market was the jump in the price
O., Metropolitan Street Railway. This
stock rose nearly five points. to I25. i'm
strong contrast 10 the persistent heavi-
ness .u Manhattan, which dropped at one
lime nearly two points, on account of
tha published reports that syndicates had
already been formed 10 finance the pro-
posed underground rapid transit plan
Manhattan fully recovered before the
close, and shows a small fractional net
ga.a. Union Pacific showed sharp re-
C-yery from its recent depression. on
the strength Of inspired reports that the
reorganization could be carried through
with a modification of the proposed
bonded Indebtedness and preferred stock,
and that the subsidized portion of the
Kansas Pacific was deemed essential to
The plan.
Commission-house business was on a
small scale. London was. however. a
liberal buyer of stocks in this market
Quite a marked feature OF the day was
the large number of small lots of divi-
teut-paying stocks which were bought.
Ih.s class Of buying appeared in the gilt
edge investment stocks, which rarely
move.
4 feature of the day was the stiffening
a. cau-loan rates to per cent, though
the rate eased off again before the close
The net results of the days trading are
very uneven, net gains exceeding a point
O. the Changers and Baltimore and Ohio,
but showing small fractions for the most
part in the general list.
The bond market continued active and
strong. the Atchison and Northern PACT
c issues being prominent Net advances
81 from l TO 2 points were shown in a
number of bonds. Total sales, $3,S50,C0O. |
United States AS, registered, were adj
anccd II bid. do. coupon, is bid, while !
he new As declined Is bid.
The total sales Of stocks were 3iO59O |
hares. including Chicago, Burlington and |
quincy. 30 597: Louisville and Nashville. |
2l5: Manhattan, 1880; Missouri Pacific.
SIS: New Jersey Central. sos: Northern
'acific. SS05; do. preferred, p .250; st. Louis
nd san Francisco. do, first preferred,
80: do. do, second preferred, 6,39l; ST.
aul. 1880: St. Paul and Omaha, 1.150;
outhern Railway preferred. 1913; Ameri-
IN Tobacco, 5,31s; Chicago Great West
m. 10 $50; Union Pacific, t. T. 1880; Peo-
les Gas, 11.7O5; Sugar. 1896.
MONEY AND EXCHANGE.
Money on call firmer at l-2q3 per
mt; last loan, per cent; closing Of.
red at 262 IL per cent; prime mercan-
le paper, 3G4 IL per cent
exchange steady, with actual
lsiness in bankers bills at AS LA
IS 3-s for demand. and AS2 1-2Gs4S2 ga
.r sixty days: posted rates, A.@ l-2g
~. and S4sG1-2G&LS7; commercial bills,
81 1-20$4S3.
silver certificates, IS 1-4a59 IA Bar sill
.r. ssh. Mexican dollars, 46 IA.
Government bonds irregular. State
,nds dull. Railroad bonds strong.