Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-31
STOCKS ON THE RISE.
NONE OF THE CUSTOMARY REAc-
TIONs, AND CLOSE Is STRONG.
SOME SENSATIONAL ADVANCES
The Exchange Year Ends In a WhirI
or Activity and Strength. with
Many Securities at Highest Prices
OF lsos-PrOduce Markets.

NEW YORK, December 30.-Stocks rose
continuously to-day, with none Of the
customary reactions. and left off strong.
at fractional gains in the standard rail-
.odd shares, and at very material gains
III various specialties that were promi-
! Heht IN the days transactions In Lon
uoh the fortnightly settlement passed off
| quietly
Ihere was genuine buying for foreign
account, owing to the Discrimination OF
| London operators to await a possibIe
January boom, and American railroads
closed at about the best. The initial
rise locally was not quite I'D 10 the Lon
, uon Hsures' but tradGg was active and
very broad. COMMUNICATIONS buving
oVetcane realizing sales. The IndustrlaIs
were particularly strong, and Rock Island
ied the Changers upward.
Public interest increased as ,ho a..
wore on and prices were gradually lifted
mere We're sensational advances success
sNely IN New York Air-Brake, Long Is
lahd Railway, Delaware and Lackawan-
ma Great Northern preferred). Pull
man Des Moines and Fort Dodge and
american Steel and Wire. All maintain
ca the greater part, If not all. of their
auFdhce' except New York Air-Brake,
"51ich, ai.er a rise Of points. reacted
90 ,,p anu ehued unchanged for the day
De LEX ANTHRACITE OUTLOOK.
sugar, Federal Steel, Reading. and Ter
Sey central surged upward altbougb
sugar ana Jersey Central stbseu. "
edsed on. Bay State Gas showed n.avi-
meSs, ana lost about a point. the ru
M Gu ueaI OF yesterday being denied.
Inc Dellet That next year will Witness n
more harmonious arr.fngtirru' -,
ShlhIaclte trade was largely responsible
Tor the rise I'm Reading and other hard
coal carrying roads.
Continued favorable railroad and trade
reports, and prospective easy money
simulated the buying, Closing the wear
OF STOCK Exchange trading IN a ,Sb'rl
oI ACTIVITY and strength. with many
S SeeurIties at the highest prices of the
The bond market shook off its late hest
taHGy, ana cOursed upwards with par
tmGuiarly large purchases Of Reading as.
ne total sales were $455.OOO
me total sales of stocks were $50 zoo
shares, including 5S8 Atchison: 23. 900 At
Gibson Qreferred); L. 40 Central Pacific.
93z0 chicago, Burlington and Quincy:
S,oO ERIE lhrst preferred); $3.50 Manhat- |
d6 dh' o,Vi5 Great Northern preferreD; So
wv Keadlng first preferred) $3.50 Mis-
souri, Pacific; 1890 Northern Pacific: r. af2
Ontano and Western; 1880 Reading: |
5g ts9 Rock Island; 2o.52o Union Pacific;
= 'ft'S ~ dhlt lAtobU southern Pacific. |
.. 800 Southern Railway Cpreferred). G ;G6 |
l. eXas and Pacific; 1920 Union Pacific |
Sppreierre0i 1895 International Paper: |
800 Bay state Gas; ,12O Federal Steel |
q 80 Federal Steel preferreO; 2O02O |
Geople's Gas; $40 Pacific Mail; $3.50 |
s'll5 y n" Sv tennessee Coal and Iron. |
and 5,SD Leather preferred).
MONEY AND EXCHANGE.
Money on call steady at 2d3 per cent.
last loan at per cent; prime rnercantile |
paper, 3aS 81 per cent
Sterling exchange steady, with actual
business In bankers bills at sfSi1-i0 |
sl.St II Tor demand, and Sla 3-4dSiS2 for
Sky days; post rates, $iS2 1-2 and |
~ ~ commercial bills. $3.50 1-2dSlSl.
silver certificates, % 1-2dGO Bar silver
49, Mexican dollars, IS SIS
Government bonds strong State bonds
urn. Railroad bonds strong.
BANK CLEARINGS.
The total bank clearngs In the United
states Tor the week were 81. 400 SOP $50: per
cent. increase. lS7; exclusive of New !
ork' S5-z'60OI95; per cent. increase, us.