Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-30
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 29.-Sugar was
the only one Of the leading stocks OF the
list to show any aggressive strength to-
day. but after rising at one time almost
2 points. it was overcome by the general
heaviness in the rest Of the market, ana
closed with only a small fractional net
gain. 1t was a professional traders
market throughout. and the Industrial
stocks. which have been recent favorites
with the bull clique, showed the effect OF
realizing All of the local Traction
stocks were heavy but the selling was
not coupled with any news, and the de-
clines were wholly technical. In Man
haitian the fall reached points, and in
Metropolitan Street Railway more than
that. Brooklyn Transit advanced frac-
ton. but fell again over a point. Con-
solidated Gas is 1-2 points lower than
last night.
Tobacco was notably active all day, and
rose quite strongly on an irresponsible
published report that the quarterly divi-
dend on the common stock had heen adj
vanced again TO per cent Disappointed
holders sold the stock down points, when
If became known that the rate was re-
tanned at per cent.
Jersey Central and the Coalers generally
did not escape the weakness OF the other
speciaIties, and showed sharp losses. An
indication of the narroWness Of the mar
ket was the fact that until near the close
there was not a single sale of either OF
the usually active stocks, MISSOURI Facl-
6c and Chesapeake and Ohio. Burlington
showed a degree OF frmness in the rail-
way list. on buying invited by yesterday 5
decline. The Buffalo, Rochester, ana
Pittsburg stocks were both CONSPICUOUS
for strength. The common advanced 2
points and the preferred points. Frac-
tional net declines were however, the
rule i'm the railway list.
To-day's Cleariris- House statement
showed the Sub-Treasury a debtor again
TO the extent of SLIGO SS9. reflection or
the additional redemption OF Pacific
bonds. Still the money market declined
IN WELD it's firm tone in any marked
| degree. and IL was only in exceptional
cases that loans We're below 3l-2 per
cent. and in some cases per cent. was
maid. Demand sterling also hardened a
shade to-day. Reports from other DO
| nestle centres show that their hank re-
|
| exchanges continue to run against New
| york. II was reported to-day. however,
that philadelphia and Boston had repaid
| large loans, as the result OF the high
| rates here. The large balances at the
| Clearing House show that there is quite
| an extensive shifting of loans still IN
progress. The prices of Americans de-
| clined i'm London to-day, ana selling mere
! for London account was quite a FACTOR
in the decline
Activity IN the bond market was con-
fined 10 middle and high-grade issues
the speculative issues being stagnant
| prices generally advanced. Total sales
| 81 $50 900. United States old As, coupon
! and the new As, registered, were l.
| lower bid: the new As, coupon, IL lower
and the SIS, is lower.
THE total sales OF stocks to-day were
30 100 shares, including Chicago, Burling
| ton. and Quincy l3.475; Louisville ant
| Nashville. 800: Manhattan L., 2,l3i
| Netropolitan Street Railway, 535s; North
ern Pacific. $1,000; do. preferred $50
Reading. 1870; st. Paul. 1855; american
Tobacco. 80 $780, Chicago Great Western
500; Peoples Gas, AGO; ConsoI IC
Gas. 4.467; Sugar, S4O55; Western union
s,791.
MONEY AND EXCHANGE.
Money on call stiff at 2gi per cent
last loan at 21-2 per cent and ciosin'
orered at 21-2 per cent; prime mercahtii
paper. 31-2q4 3-4 per cent
Sterling exchange hrm, with actu "a
business in bankers piiis AZ S',of 60 90 .
sa. eivtv DAYS; posted rates, A.2 l-2aAS
and 81 IS 1-2aS4S6; commercial bilis
AsOS4. -c,o0z7 -. bar ell
YER Sc SIS; Mexican dollars 4S; ,ons
va government bonds weak. state bond
dnu, railroad bonds firm.
,vv YORK STOCK QUOTATIONS.