Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-09
STOCKS CLOSE EASY.
THEY AT FIRST RISE, Bur LATER
LOSE PART OF ADVANCE.
SLIGHT GAINS IN MOST CASES.
initial Tendency of Market Timid.
Perhaps sympntheticaiIy with Ir-
regular Tone of Iondo,-yyh.,,
'"rn' Oats, md Provisions Decline.

NEW YORK. December S-Ouo,atf,ns
III the stock market rose the greater part
OF the day. but in the late dealings lost
part OF the early advance. closing easy
win slight gains In most stocks. Tho
ihltial tendency was hesitating and timid
perhaps sympathetically with the irreg,t
'ar tone OF London. which was a moderate
seller OF Norfolk and Western. Union
Faeiiic, and Louisville and Nashville. The
orangers shook off their recent letharrv
ana gave confidence TO the rest OF the
list Americans strong foreign trade
situation with its probable effect on
values as Interpreted in the widely pub
hshed optimistic statement Of an operator
VINO usually controls a large following.
was not without sentimental effect. Re
ports OF Improvement in both the hard
ana SOFT coal trade, and the possibility Of
me enactment en-. into law Of the anti-scalp-
ing Dlil, were subjects OF discussion and
4 acted as tonic on the railways. More
over, important interests were openly
/ buyers or properties with which they are
lIthtlneq, large offerings being readily
absorbed, ana the market weakened ma
terially.
BUSINESS SLACKENS
In the later dealings the Changers re-
Stueu sympatheticaly with wheat and
business slackened until the close. when
mere was evidence Of weakness in a lew
/ anyways, although Metropolitan and
brooklyn Traction continued aggressively
suOhg, sugar was very active and strong,
ana rose points, without any new de-
Neloplnehts IN the property becoming
generally known. Missouri Pacific's re-
cent cancelling of its floating Indebtedness
was assigned as a reason for its rise II
Delng asserted that a dividend on Mobile
ana ONO was not improbable the state
ment advanced that stock. The heavi-
ness Of the Pacifcs in the last hour was
largely responsible. together with realizl-
IONS In other properties, for the recess
sion IN values before the close.
The easy condition of the money mar
ket furnishes abundant evidence of the
vast amount Of capital seeking invest
ment' which Is now being employed in the
railway miscellaneous bond market.
BOND TRANSACTIONS HEAVY.
Transactions in this department were on
a very extensive scale. and considerable
Improvement was made in many issues.
Total sales, $4,000. United States new
As, coupon. and the old As, coupon, ad-
Yanced Is I'm the bid price.
The total sales OF stocks amounted 10
$1,000 shares, including AtchsOn. 26l0o;
Canadian Southern, 1880; Central Paci-
hc, 300; Chesapeake and Ohio. 1915; Bur
lington, 10.76S; Louisville and Nashville.
1916; Metropolitan, 1858; Missouri Pacific,
1920; Rock Island. $3.50; Union Pacific,
S,S05; ST. Paul, 22,234 Union Pacific. pre-
ferred, 9,a2; Tobacco, 1880; Bay State
Jas AAfNp- 4 thfl az 1ANtlf pltAtiltNs ~
$40; Peoples Gas, 1922; Pacific Mail, %
795. Sugar e9,l20; Leather, preferred, 2,375;
Rubber. CLIO
MONEY AND EXCHANGE.
Money on call steady at 2q2 -; last
loan at IL per cent; prime mercantile
paper. 31-404 per cent.
Sterling exchange frmer, with actual
business I'm bankers bills at $9 l-2U
$fSi ga for demand and SASl 3-4GAS2 for
sixty days; posted rates. $4&aA& IL and
$AS5 1-20$4SG: commercial bills, Si.SJlD
$lS01-2.
Silver certificates 50 1-266O IL; bar Sill
YER 50; Mexican dollars, 46 IL.
Government bonds strong; State bonds
dull; railroad bonds strong.