The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-13
STOCKS WERE
STILL BU0YANT.
Saturdays Upward Movement Con-
tinued Through Yesterday
RENEWAL OF FOREIGN BUYING.
Was Very Noticcable-Iicports ofRail-
road Traffic Earnings We're All
abic-DcmaBd for Bonds
Confined Immense.
RENEWAL or FOREIGN BUYING.

NEW YORKO. Dec. 12.-stocks made
very material progress to-day In the pres
ent upward movement and left OF buoy.
ant, with advances ia standard stocks
ranging from a TO 3 points while this rise
was exceeded in many less prominent
issues, notably Pullman. Third Avenue
and Edison Illuminating The transac-
tons for The day I'm stocks and bonds were
on an enormous scale immense blocks OF
securities changing hands at rising zig
Urcs. Early quotations were In strong
sympathy with London, where there was
"a scramble for stocks even after the clos
Ing tnere Tor the new account which
opens tomorrow. Commissioner houses
were m receipt Of many orders TO buzz
az the market price, and the volume Of
this offset frequent efforts 10 deDress
values. Reports Of traffic earnings for
the first week tn December were almost
uniformly favorable, as were several be-
lated November statements of gross earn
ings An incident eXerting favorable ef-
iect was the receipt of over 5000. 900 In
gold from France and London. The i'm
meusc demand for bonds. I'm which the
transactions to-day reached over 5000
30 cNertcd favorable influence In stocks,
rs ala "a tendency fo discount January
dividend disbursements. Atchison pre-
ferred on transactions Of 10000 shares
went up 3&. The heavy purchases were
made by brokers identified with prominent
interests active IN other properties. The
drift of speculative activity IN the
AItNAtrS were interpreted ldNhlAhiN.
fiiEh-priced investment stocks Ike the
eraugcrs preferred. Great Northern pre-
fcrrCd Pullman. New Haven and Hart
ford and Albany and Susquehanna rose
sharply Excepting Sugar, the indus
trials tended upward. New YORK Cen
trails price crossed that OF pennsylvania.
The coalcrs on favorable outlook were
conspicuous for advances. GcneTai tlec-
fric responded 10 reports OF us product
abroad Pacihcs were strong Win the
rest of the market.
strongest and most active OF the year,
more A renewal Of foreign buying. on a
considerable scale was noticeable. Atchi-
son issues expanded, and a great many
other noteworthy gains were chronicied
in leading mortgages. Total sales, - 900
900 United states new As. the old AZ
coupon and the 3 IS registered advanced
3. On ~ bid price oo- 40, -,...
including 10000 Atchison preferred, T.
7G1 Chesapeake and Ohio, 9se0 chicago.
Burlington and quincy 1890 illinois
Central % 100 Louisville and NashFiAe'
II 39l Manhattan $500 Metropolitan,
1870 Missouri racine o''VV n, Missyu ori,
Kansas and IeNsas. S.e2O Rev 90 y odh
Central 5000 Northern Pacific, 2oG2O
do preferred 10000 O. and W. 100
Rock Island. 1920 Union Pacific ~ 800
ST. Paul 5000 Southern railway, LOO
DO preferred 1900 Texas ana racine.
IS 720 Union Pacific q eco American
tobacco 8 400 Bay state Gas. lO19
Federal steel. $500 do. preferred. IL
4O0 Peoples Gas 1910 General Elec-
trio. $500 Pacific Mail. $500 sugar. 20
zoo Tennessee Coal and Iron. 1000 lnited
states Rubber and 10000 Western Union.
MONEY AND EXCHANGE.-Mon on
call steady at 2h02h per cent; last loan
I'm pa Ter cent, prime mercantile paper.
mas Der cent. Sterling exchange easier,
Win actual business I'm bankers bills al
81 s4f, "a $40 for demand and at S4slkn
SIAN Tor sixty days posted rates, 81 eZi2
1f ST.. commercial bills $iSoie. Silver
certIacates 5qh0GOi2; bar silver. 59as;
1fexitah dollars 4Gi5 Government bonds
strong. state bonds firmer. railroad bonds
strong.