Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-24
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI'
NESS CENTRES OF THE WORLD.
Prices OF Money, Donds, stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, 60, Foreign
and Domestic.

NEW YORK, December 23.-Several rae
tors combined in the last hour of trading
on the stock market to-day to lift 1t out
of the dulness and depression which had
characterized it all day. and TO raise
prices quite sharply above last nishts
closing level. One of these factors was
the subsistence of apprehension caused
earlier in the day by the closing OF the
Chestnut-Street Bank, in Philadelphia.
Another was the report that the Joint
Traffic Association had succeeded In Sc
curing measures going TO assure the
restoration of established tariffs on live
stock, provisions, and grain from western
and eastern ports. Another was the an
nouncement from the Treasury Depart
ment at Washington that sufficient
amounts of current 6s were being Of
fered for redemption December 9th, In
accordance with the governments proffer'
10 assure relief 10 the money market from
the scarcity threatened by the with
drawals due to the Union Pacific pay
ments TO the government. stu ano-h
factor was the news from Albany that the
two years the period for equipplng freight
cars with automatic couplings in New
York State.
A number Of the specialties which had
showed marked strength all day took on
renewed buoyancy at the close and
helped the rise. The movement in the
general list was not important, the
trading being in small volume, and rep
resenting little more than the covering
of traders short contracts. The van
derbilt roads failed to make any substan-
tial recoveries from yesterdays depres-
sion on account of the unfayorable quar-
terly statements.
Call money loaned at per cent. again,
and did not yield below per cent. TneTe
was a further fall, Of IA in the actual
rate for demand sterling, and OF Us Tor
cables and long sterling. Demand ster-
ling is now at the lowest point touched
since the gold import movement in sep
tember-namely, Aa II The rates Tor
nancy in London and Berlin are stiTtiy
held, and some apprehension OF squeeze
before January 1st is reported from Lon
don. This serves TO offset the weakness
I'm the exchange rates.
The bond market was dull and rather
heavy. Total sales, $4,000. United
States new As and old As registered are
IA lower. and the SIS coupon is lower Dlu.
The total sales of stocks to-day Were
2l2 900 shares, including Baltimore ana
Ohio. 5.4s9: Chicago, Burlington and
Quincy. y 2s9: Manhattan l.. 55'456; Metro
noIitan Traction. $500; New Jersey Cen
trail ella; Northern Pacific, preferred
52S. ST. Paul $3.50; Union Pacific, 5iOo;
Bay state Gas. $40; Chicago Great
western 76lO; Peoples Gas, $500; Sugar,
2O,020. :,-o,r,
MONEY AND EXCHANGE.
Money on call firm at 3d4 per cent.
last loan at per cent; closing offered
al 31-2a4 per cent; prime mercantile
naper. 3l-2G4 per cent.
Sterling exchange weak. with actual
business in bankers bills at A.A La
Sisi3-S for demand, and a.S 3-Sa$iSl 80
for sixty days; posted rates, A.@ la
t4S3 and A.S5 1-2G$4S6; commercial bills,
81. so 1-2d$ia -,
Yer II 3-S Mexican dollars, a 5-S
Government bonds weak. State bonds
duu Railroad bonds heavy.