Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-22
MARKET 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 2t.-Business
| in securities was for the most part in
tensely dull to-day, and prices sagged
from inantion. The most notable move
ment in the railroad list was that in
| Northern Pacific preferred, which fell
| away a point on large realizing sales, in
| duced by the payment of thu dividend Of
! 1 per cent, which was taken off the
| price to-day, Quotations from London
| and from the German bourse, where this
! stock is a speculative favorite, showed
that the realizing movement was in force
there also. and there were sales Of the
| stock in this market for foreign account.
| The statement of earnings for the Sc
| cond week in December also encouraged
the seller, with its increase OF less than
$4,000 over the corresponding week OF
last year, as compared with increase OF
over 100000 in other recent weeks. The
stock rallied a fraction before the close.
The failure of the New York Central
to issue a dividend above the quarterly
rate of l per cent. caused disappointment
to holders of that stock. The state
ment for the last quarter was also dis
appointing, the gross earnings showing
only a slight increase over last year. and
falling over 100000 below those Of the
corresponding period in 1895
London was a moderate seller in this
market of all the international stocks.
The Coalers showed a tendency TO re-
act to-day on traders realizing, and New
Jersey Central was at one time IL be-
low last nights closing, but 1t rallied q
points, and its final price was but slight
ly below last nights close.
The tone of the market continued I'M
settled to-day. Loans were reported
during the day as high as 4 per cent,
but just at the close OF the market there
were sums offered down to l per cent,
and an actual transaction was reported
at that figure. This sudden weakening
of call money had no influence on the
prices of stocks, which were weak and
declining at the close.
Sterling exchange also responded to
the stiffness in the money market, with
a decline of IA i'm the actual rate for
time bills, and OF Is in the price Of cables
on London and slxty-day bills.
There was also significant fall IN the
price of government bonds, the new As
and the SIS falling ii in the bid price.
The market was exceedingly narrow
throughout the day, and many usually
active stocks did not move at all.
The bond market showed a large fall
ing off in activity, and the prices OF a
majority of the issues dealt in showed
losses. Total sales. $l150.000
The total sales of stocks were 167 500
shares, including Chicago. Burlington and
Quincy, 14145; Manhattan, 1850; New
Jersey Central, S.579; Northern Pacific.
$40; Northern Pacific preferred. II $50;
Reading. $3.50; ST. Paul, 1920; Chicago
Great Western, $3.50; Sugar, 5000.
MONEY AND EXCHANGE.
Money on call easy at 1G4 per cent;
last loan at l per cent, and closing Of
fered at / per cent; prime mercantile
paper, 1-2fl4 IL per cent.
Sterling exchange weak, with actual
business in bankers bills at A.& 5-Sp
s4S43-4 for demand and siS1 3-idsi.S2 for
sixty days; posted rates. S4.8d$LS IL
and 81. s6a$iS6 IL; commercial bills, ASl@
AS1 1-2.
Silver certificates, Sc S-id57 ga; bar sill
yer. Sc 7-S; Mexican dollars, 40 5-S
Government bonds weak. State bonds
dull. Railroad bonds weak.