Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-19
MARKET QUOTATIONS.
,rroHrs FROM ALL GREAT susi-
xuss CENTRES Or THE WORLD.
r,ices OF Money. nords steeks'
Grain, Tobacco, Cotton, Cattle
country Produce. Co. Foreign
and Domestic.

and Dcmesue.
NEW YORK. December lS.-The rise of
,r,ss was practically uninterrupted du-
ing the short session OF the Stock Ex-
.ssnrc to-day. Some very sharp net
cams are the result. exceeding per cent.
m some Of the specislnies. over a point
., a large number OF leading active
stocks. and a sharp fraction all through
Che list The rise was almost wholly the
result OF professional buying. outside in
,erest in the market being at a stand
sin Bull operators extended their lines
srsressivcly and bears covered heavily.
INC prices Of Americans were higher in
London this morning. that centre having
pec5me quite persistently buIlish on the
outlook for values in this country on a
lors turn. Sugar was buoyant. on cover
,rg OF shorts. This combination OF
..-snr,h in individual stocks, due 20 spe-
,ssl cases, would have been a powerful
sustaining factor in itself But the in
rfeat that determined the tone of the
General speculation and awakened a gem
,..l buying movement all through the
Y,, was the report from London. after
ward shown TO be erroneous, that over
nag a million dollars in gold had been
withdrawn from the Bank of England for
sr.rment to the United States. Taken
a. connection with the easing of the call
Ian rate yesterday afternoon TO 2 1-2.
srl the quantity OF funds Offering at that
r..s this report had the effect OF dis
s.astiug some OF the fears Of traders in
s.-.r!ties as 10 the future of the money
market. and aggressive bull buying en-
s.sl The weekly bank statement. with
~. large decrease shown in surplus re-
serve gave only a momentary pause TO
she upward movement which was then
v.-av.ed. and continued with a buoyant
zone I'll the close of the market.
IN 10 Friday OF this week IL looked
,.-, much as though the expected reac-
,r0 IN the stock market had set in.
which IS as much expected in the natural
course of things as the December rise.
Bgt to-day's developments leave the fu-
ire course Of the market very much
of problem. Owing to the condition
of the money market, ii is not expected
chat there will be much ease in rates
eg.l7 before the first Of the year. Be-
sGas the usual accumulation OF FUNDS
rrecaratory 10 the disbursement OF Janu'
an interest. there has been withdraw
rom the market this week over SSOoO'OOo
which was put into the United states
Trcas ury on account OF the Union FacH''
ssis Another similar payment is to be
---5s on December 9th. and the last ont
~ January 5th. The reason given why
,r,sa latter payments are being paid int
the Treasury, instead of being lett OF
fs.oslt in New York banks, as was don'
Win the earlier payments, is that th'
mice Of United states bonds HIS risen u
:, high n point that a high premium
would have 10 be paid 10 secure a sum
Giant number to secure these deposits
CURRENCY COMING SOUTH
There has been, in addition, an outfiov
~ currency from New York 10 the Soutl
An the last three weeks, which is un
usual at this time Of the year, and whicI
--omlses 10 accentuate the temporar!
security OF money here.
Foreign exchange bankers express som
ssepticism regarding gold engagement,
In view OF the prices Of exchange Sun
ming. The governments trade state
,,snt for November, issued this week
sboVs that the balance increased SUI
furrher in our favor by over SoLOOo'Wo
,-licb makes the balance IN our iaNo
com the beginning Of the fiscal year L
December ! S23s $1,000. 80
THE ruling price Of exchange is Know
g, he highly artificial. owing TO the leaV
,-c I'm England and Germany at InVei
- ,,Irlions of dollars due on balance I
this country. Under the lhliue 5I u -
,r-pe~ rate for money, exchange Iate
80 declined during the week, and ther
t.s h.an n cessation OF the lhVes'iiieIi
--.-,-5 for long sterling. That there ar
-..- e.-ns of money in Europe aVau
en-. 5- zee Of need in this country con
-.l.-+.s one of the strongest Factors
the money situation. -,..- 30 s+ocl,
The nat changes in the prices % st'eN
,,.55.st in the Coalers, the gains eN
,s,5lD- 10 over ten points IN New 49, o
r.-,-s7 Norfolk and Western pre1erre
=. - f,ur points higher. OtherWise' Ia u,
rte,oes are mixed, and generall
yi,bir the limit Of two points.
p--ss won't ND and then went oo"l
,l., sto,<s but still show net cams rt
nothing I'm most issues. IoIaI s"ie'
Y-1fiea states SIS have declined l-S OK pi'
cha new as. coupon, Il ana co" ,,
800 as during the week WINE lle a. a.
~. c,unon have made a Ia auN@H'S ~
ring the week. .o-sa,, ver
Tsa total sales OF stocks TO-DAY W.
- .1, Including Chicago. Burllh s,', T t.,
Quincy a. 233; Manhattan lz'o-0' 20. .,eo -,
sew Central. G,375: Northern -sr C. pau
t,-rs1 s2g5; Rock Island o'oo2' ." Csioao
usn; Bay state Gaf' I+'t'o' c.s n
c-eat western. 1880; People 5 UAS' ''i'
Sugar. 1852
MONEY AND EXCHANGE.
Money on call nominally AT Z91 ~ =,
- -,arcantile paper. 8 l-294l-z p'
e.--,,-- exchange steadier, with ac'u
.--- 60 horkers' bills at $40 LOT u
- 80 iSeqS4.S21-8 for sixty gay ~.
NO. 80 81 s3GsAS3 ID and si'S'
49, o.. commercial bills AA IL
D. -,r,.er 5G. Mexican dollars 40
c., hor5s otriet. Railway bohds III
Government bonds firm.
NEW YORK STOCK QUOTATIONS. t4,rLIoS s,oo,
Lvh,soe. Topeka sn1 SAn's re .-.- -. 20
At,l IN. preferred ...........''''''' ~
Baltimore aa1 Oalo ......'-'''''''' 81
IsnSla Fta1c....s ....''' -'''' .. 81
Canada SOutnera....s'..-''''''' 70
Central Plcifc. .........'..'''' 81
Clr4gsage aai Oaio -. ..-s.'''' .O1
JblcsKo snc A.ton ..... -. ..... 81
Cbi.seo, burIiugtOna1f y linD' b2
Cli.sqo aaf Eastern Illinois, .'..'- 30
&C Cant Il Louis. t..... ..'''' s.
C..C.C ana 81. LOus preierreo''''' II3
Delaware aud Huisou .'::;;:,.-n'.. $50
Delaware, l.acEaWanna anu III
DeuyeraHd RIO Grande. ..-..'.. 40
Dtuy6rand RIO Grande, preiertod''' Is
Ire tuewL. . .... ....-.-. -''''' 49,
kr new. Isl oreterrs1 -...'.''' I6S
ftrt HaYne. 90. .....s....''''' $500 30
Great NOrtGorn. preferred a
Hooking fsliey..............'''.'' o.