Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-21
STOCKS END STRONG.
THIS AFTER AN IRREGULAR
COURSE DURING THE DAY.
CALL hONEY BID UP TO Az.
IL Drops Later, However, to y Per
Cent, the Closing Price-W heat De-
ciincs-Corn md Oats Lose slight
Iy-ProvisiOns Unchanged.

NEW YORK. December 20-The mar
ket. after an Irregular course, left OF
strong at the best, with gains ranging
from . TO 4 points In some Of the special
ties. whilo the betterment In standard
shares was fractional. The market lacked
a decided tone at the opening, in sym
patty with the irregularity Of Americans
in London, where there was evidence Of
some realizing sales. Chicago and Alton,
Biscuit preferred). and Tennessee Coal
and Iron were among the first stocks to
display strength. Missouri Pacific, Fede-
raj Steel and Sugar, in succession, began
TO rise, and tended TO check an otherwise
weak and besitating market. Union Pa
cities, in common with the other interna-
tional stocks, suffered somewhat Tor a
term, on the realizing sales from abroad.
After / o'clock traders gradually took the
long side. Sugar was boosted up on the
shorts. and on the large transactions rose
nearly . points.
RISE IN SOUTHERN RAILWAY.
Favorable weekly earnings were re-
sponsible for a rise I'm Southern Railway
(preferred). a very strong movement in
the late trading in the Atchison issues
was transferred to Federal Steel and
Baltimore and Ohio. and gradually help
ed the whole list. Interests Identified with
the TRACE were large purchasers OF Fede-
raj steel, while the purchases OF Atchl-
son were made in the hope OF some Ia
EOrable action at tO-mOrIOW'S directors
meeting. The expectation Of an early an
nCuncement of the Central Pactnc reOr-
gdniZation plan was responsible iOr Il
rise IN that stock, of about 4 points. Man
ipulatiVe orders helped in marking up
\ american Stool and Wire While the
transactions Of the day were not up 10
the recent tremendous volume Of busl-
ness, the greater amount OF activity Tor
the day developed in the closing hours,
while the market was moving upward.
CALL MONEY UP.
Call money. which for some time has
been ruling at from 2u2E, was bid up to AZ
per cent. which was paid for a small loan
in the last half hour, and directly after
ward there was a gOod-sizcd loan al
per cent, but the furry was quickly end
ed by large amounts OF money offered,
and the rate dropped 20 2l2 per cent, the
closing Dr.ce. This incident had no effect
on the market, whcih continued 10 rise
sharply.
transactions in bonds showed a marked
contraction in dealings, and speculation
was very erratic. Total sales. S,SS),0pp.
United states new as registered ad-
YanCed =, the coupons =, and the 3s and
old As coupon Is in the bid price.
ne AVldl S0ltC VI CNUlh~ nNIf NiNf'If
shares. including 1850 Atchison, O, $50
Atchison Qreferred). H,42) Central Pa
cihc, $3.50 Lake Erie and Western. $40
Lake Erie and Western preferred). 500
Louisville and Nashville, G&j Minneapolis
and ST. Louis. 700 Missouri Pacific, 23,9OJ
Union Pacific, 500 ST. Paul, 14.6l5 South
ern Pacific. 5000 Southern Railway, II .920
Southern Railway Drefcrrcd), 5.l3O Texas
and Pacific, $3.50 Union Pacific preferred.
1890 Federal steel. l.. $50 Federal Steel
(preferred), G.42O Peoples Gas. $40 Colo
RADIO Fuel and Iron. 6j63 Pacific Mail,
1OS. 02O Sugar. 1885 Tennessee coal and
Iron, and OBS Chicago Great Western.
MONEY AND EXCHANGE.
Money on call closed steady at 2lzdf
per cent. last loan at 2l2 per cent; prime
mercantile paper, 3H34 per cent.
Sterling exchange firmer, with actual bu-
siness in bankers bills at $4.Si40$i.S for
demand, and $LS140$LS2 for sixty days;
posted rates. $4S212aSiSjI2; commercial
bills, $l.SJk0H.SlA.
Silver certificates, J9iaa5O15. Bar silver,
$685.. Mexican dollars, 465s.
Government bonds strong. State bonds
inactive. Railroad bonds irregular.