Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-31
QUOTATIONS.
REPORTS FROM ALL GREAT BUsi-
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds. Stocks
Grain, Tobacco, Cotton, Cattle,
Country Produce, &c, Foreign
and Domestic.

NEW YORK, December 30.--To-day's
stock market was remarkably narrow.
and irregular, the highly speculative Sc
curities absorbing practically the whole
OF the limited dealings, in which no one
but professional room-traders took any
part. There was no reflection of any
news in the course of prices. There was
evidence OF large realizing In some OF the
securities OF local corporations, which
have recently been advanced by the buy
ing of a combination of interests. But
the declines thus effected in these stocks
invited buying again, and restored the
earlier losses. in some cases carrying
them essentially above the previous level.
Metropolitan Street Railway was the most
conspicuous in this group, moving
over range of over points. Manhat-
tan moved less extensively in sympathy
Consolidated Gas fell points, on the
admitted failure of the attempted local
gas combination. but covering Of shorts
brought il back 10 last nights close.
The other specialities moved with equal
irregularity. and their changes on the
day are small
Pennsylvania enjoyed the benefit OF re-
ports OF heavy earnings by that COM
pany, and touched ll5, but declined on
urofit-taking. OF stocks not usually ac-
tive Mobile and Ohio, Buffalo and Ro-
chester. and Pittsburg came into promi-
ueuce by reason Of advances OF points
each.
A feature OF the day in Wall Street
was the vigorous strength Of the foreign
exchange market. actual rates for ster-
ling advancing 3-sql-2 all around over
Yesterdays quotations. There Is still
some demand To satisfy foreign remit
tances TO Europe. in payment OF dlVl-
dends and interest on American securl-
ties held abroad. coming due at the hrst
of the year Exchange bankers attrl-
hute the strength Of to-day's market TO an
Investment demand and this investment
thew say. is based on prospects OF cheaper
local rates for money. A fall in the locai
rates for money would lead TO renewal
~ the lending Of credits abroad. Never
theless. there was no evidence OF soften
ing in to-day's money market, no loans
being reported at less than IL per cent,
and others being made al per cen /
The Sub-Treasury was a DEBTOR at the
close OF the cledl ms -iiVN@~ ~ 49,
OF over 100000.
Transactions in bonds were not on
large scale, but prices were trmiy heIu'
Total sales. sl,6750O0. United states rs
rose IL bid. the SIS, coupon, Is, and the
new AS, is.
THE total sales OF stocks to-day Were
1sg 400 shares. including the following
Atchjson preferred, 4G&; Chicago, Bur
Iington and quincy. 7,13S; Manhattan H.
% $50. Metropolitan Traction. 1919 North
ern Pacific preferred, ABS; 81. faul
qoo. American Tobacco, 1850; chicago
Great western. $3.50; Chicago Gas, lo.Z6l
Consolidated Gas, 3,7n; Sugar, $780,
MONEY AND EXCHANGE.
Money on call firm at 3 1-2a4 per cent
last loan AT per cent; closing offered al
9I-ga9 per cent; prime mercantile paper
3l-2a4 ga per cent. 80. ....ot
sterIng exchange strong. with actual
hneiness I'm bankers bills at Aa S-4a
st5 for demand and AS2q4s2 Ia toi
sixty days; posted rates, say i-zasf %
and Sass i-2aA:S6; commercial oilIs' NSi
silver certificates. 81 lass IL. bar sii
rar 573-s Mexican dollars, As Ia.
Government bonds strong. state oohd'
a,u Railroad bonds firm.