Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-02
MARKET QUOTATIONS.
REPORTS FROM ALL 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 with only
significant Interruptions, prices tended
| steadily upward all day on the Stock
| Exchange, closing at about the highest.
with very buoyant tone. Net gains ex-
coed point in nearly all stocks The
| advances at the opening were trivial
and trading was not very active, but as
the day advanced the scope of the
speculation broadened and assumed a
more aggressive and confident tone. The
strength of the market developed first
in Sugar, and spread gradually through
the market, separate stocks being adj
vanced sharply one after the other be-
fore the whole market took up the
movement Missouri Pacific, among
others, Michigan Central, Illinois Cen
trail, and Cotton Oil preferred were
among the earliest affected, in the or
der named. Later, the Coalers developed
strngth, and it was not until the closing
hour that the Changers and the market
generally responded in any marked de-
gree. Some of the stocks which de-
veloped most activity and strength yes
terday were somewhat neglected to-day,
IL
proportionate level The better element
di1 not yield without a struggle, and was
not driven to cover till late in the day,
when the scramble of the shorts mate
rally aided the rise.
There was no news of Importance du-
ring the day, the bullish sentiment be-
ing rather a crystallizing of yesterdays
market. The Rock Island refunding
scheme continued to be much talked Of
as did the favorable railway statements
for October. The Burlington statement
especially was interpreted more favor
ably than yesterday, the earnings re-
ported being exceeded only by those OF
September of this year. The small
excess shown over the earnings Of Oc-
tober last year Is due TO the fact that
last years earnings for that month were
exceptionally large. The almost total
subsistence Of apprehension over the Gu
ban question also had its effect. There
was some awakening Of outside interest
manifest in the buying through commits
sion-houses. This was not on a large
scale. however, and the rise was for
the most part due to the operations of a
powerful combination.
The southern railroads show a notable
tendency to lag. the October statement
of Louisville and Nashville Of this group
gross earnings, combined with an in
crease in the operating expenses, which
brought the decrease in net earnings up
to sl27.S31.
1t is significant of the dulness of bust
ness which has prevailed In Wall street
for some time past that Stock Ex-
change seat, which was offered at auc-
ton to-day, found no bidders, and was
bought in for $1,000 by the estate that
offered It, 1t should be stated in this
connection that the ownership of a seat
does not carry with it membership in
he Exchange without election, and that
he customary method Of selling seats
S through the officials of the Exchange
Itself.
No impression was made on the money
market to-day by the periodical interest |
md dividend disbursements.
The bond market was strong and very |
,ctiye. the speculative issues showing |
potable advances. Total sales, $500, 600. |
United States new As advanced. Is bid.
The total sales of stock to-day were |
80 900 shares, including Atchison pre- |
erred. 5729; Chicago, Burlington and |
quincy, 1870; Louisville and Nashville. |
o GO: Manhattan L, 10,s25; New York |
central 52Ci; Northwestern, 1885; Rock
sland. 25,4s9; St. Paul, 1858; st. Paul |
md omaha. 5,l79; Union Pacific, t. r..
02s; American Tobacco, 1855; Peoples
las 1e 6a5: Sugar, 81. $50; Western Union,
700: Chicago Great Western, S,245.
MONEY AND EXCHANGE
Money on call easy at 1-2a2 per cent;
asst loan at 1-2a1 80 per cent; closing
,ffered at ga per cent; prime mercan-
lie paper, Sa31-2 per cent
sterling exchange easy. with actual
,siness In bankers bills at i.s5 3-4d
I Sc for demand, and $i.S3GA.3 IA for
ixtv DAVIS: posted rates. A.a and A6;
ommercial bills. A.S l-2
silver certificates. 80 1-2G60. Bar silver,
,S-s Mexican dollars. 1912.
Government bonds firm. state bonds
NIL. Railroad bonds strong.
,.ouv oUncx ntTOTATfOSS