The times. [volume] (Richmond, Va.) 1890-1903, 1897-12-14
FINANCE AND COMMERCE
NM CLOSING QUOTATIONS oF
MONEI.
Onerines and sales at the H'enmo"" 10
baceo Exchapge-intern"i "e'e""e
ceiioetion.-rorelgnA d ssntss'

~~~v vortS Dec. t3-The days mar
~ ~. sSDtrlties offered every appear
49, of h,eadth and strength, the buy
inc bslng vigorous and aggregate wei
dlstributcd The fact was not 10 be ~
1000 boucvcr that the stocks OF sOuth-
80, - southwestern roads which were
thc favoritcs with the bulls last week ulu
MOI share In tho advance proporlionatey'
Inc price being kept down by hOeiai o.
ferings A decrease IN earnings LOT ~
fret week In December reported Tor LOUIS
vile and a somewhat unfavorable SHOW
Inc for the same period by Chesapeake
and ohio may have accounted ioI ul,S'
but there was "a suggestion OF piv", a.
ing In the movement OF these STOCKS -,
face Of the general strength MANI eSS ,n
elsewhere In the market. Inc Jnihp III -
gar TO 1854 IN the course OF the iIst h 9e
stimulated the whole market. nc III
semination Of rumOrs that an extra diNl-
dend was again under consideration Wa
thc instrument employed 20 erect inns
rise and tho motive Of II appeared III INC
heavy offerings at the higher leVel. l"e
stock closed at net advance ol oFv ,ii,.S
point The Government crop report, WIN
lis revised estimate Of a wheat crop OF
800 10000 bushels. caused lively out
break Of speculation IN the grangefs, the
high ruling price Tor wheat Win tHis
heavy WELD 10 draw on being regarded as
iusuring prosperity 10 the wheat-carfying
railroads still another element OF
strength IN the days market was inc
Jump in the price Of Metropolitan street
railway. The stock rose nearly llNe
points 10 10. In strong contrast 10 the
persistent heayincss In Manhattan, when
dropped al one time nearly two points
on account OF the published reports that
Fyndicates had already been foiihcu "a
finance the proposed underground iapl9
transit plan Manhattan fully rccoN'i'"
before the close and shows n smau liac-
tiOnal net gain Union Pacihc ShoWto "
Pharp recovery from its recent depression
q N.a 50 al Insured
the reorganization could he 'aiIleu
through with "A modification OF the pro-
posed bonded indebtedness ana preieIicu
stock. and that the subsidized poil"i
Of the Kansas Pacific was deemed essen
tial to the plan. Commission-house DUST
ness was on "a small scale. London was
however, liberal buyer Of stocks IN tnls
market quite a marked feature OF tuc
day was the large number OF sinah lols
~ dividend paying stocks. which were
bought This class Of buying appeared III
the gilt-edgo investment stocks. when
rarely move. feature OF tho DAY WHS
the stiffeninE of call loan rates 10 E" PEI
cent. though tho rate oased on ag"ln pc
fore the close Net results OF the day
trading are very uneven, net gains exceed
ing a point I'm the grangers. and Baltimore
and Ohio. but showing small itac'lohs io'
the most part In the general list
The bond market continued active ana
strong. the AtchisOn and Northern Pacihc
issues being prominent Net advances OF
from ] to points were Sh'Wn ~ n Hufii
ber ~ bonds. Total sales. $3.50 600.
United States As, registered. were az
vanced 4, bid do. coupon = bid whiIe
the new IS declined X bid. .,o-oo
The total sales Of stocks were Sioy NJ
shares including Chicago. burlington n a."
Quincy 90 5a7. Louisville and NashVilie'
S2f5 Manhattan. 1890. Missouri Pacihc'
s515 New Jersey Central. S.Vs3: Northerh
Pacific. SSO5. do. preferred, 2l2g; 81
Louis and San Francisco first preferred
78o. DO second preferred, 6,@l 81. Paul
"a coo. ST. Paul and Omaha. 1l5o' South-
ern railway preferred. 1888; american
Tobacco 52iS: Chicago Great western
10 $50. Union Pacific trust receipts. l5'5lo'
Peoples Gas. II 705: Sugar. 5000.
MONEY AND EXCHANGE. on
call frner IN 1ib03 per cent; last loan
M . per cent. and closed offered at 99a23,2
per cent. nrime mercantile paper. "nt2
nov cent Sterling exchange steady. WIN
actual business IN bankers bills AZ $500
ASA. for demand and at 4s2hsa iS2si TOT
eiYtv DAYS: posted rates. 4Si1s1l ~ a ias
4sGilG4S7: commercial bills, 4Sl'2i4Sa
silver certificates. 5Shn59li; bar silver