The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-30
UPWARD MOVE
WAS RESUMED.
Stocks Advanced Again Yesterday All
Along the Line.
BkNKSkLS0 MADE STRONG GAINS
The Trading in stocks Was Broad and
in some She Advance " ~ Fraction
aI-Thc Closing Was Strong at
the Top Prices.

NEW YORK. Dec 29.-Aftcr an carly
period ST hositancN ana irieguldIi,s
stocks to-day resumed tnelr upM@iu
movement. i'm some stocks the advance
xsaS lower. Asa standard shares 10 was con-
lined TO fractions. The tfaplhb WIS
broad. and there were laeeaids Jul llo
advance. Although London was hi,t
crate buyer on balance. there was d Nir-
position iu the carly trading IN that quar-
ter to he very cautious after the ocelihea
OF YESTERDAY. Inc tendency lu iAN nome
market was at first downward symld-
fheticaily with thc early foreign prices
Tho rranrcrs ana pscinCs were on frac-
1ionaiiy aad prelonal, traders , work..
Tor reaction, bs FOUND lew N"lut'" ul.
spots. as au offerings we're absorbed by
COMM i0u- house scale orders. ~uhA.
was marked mp on The shorts VINO ha9
put ont large lines because OF the His-
turbinr factors I'm the trade situtuoh
The favorable November rcports-that OF
Jersey Central. published yesterday ana
shat of Reading. published to-day ile
latter road moving an increase IN sur
plus Of nearly Sl69ppo Tor the m9hih'
were Instrumental in raising renewed lt-
fcroef in The anfhracites. The strength
developed there was attributable On paIt
70 renewed reports OF an advance 10 Coal
prices with the first Of the year Eile
Iirst preferred rose sympathctically. Inc
rcCupcraton of the market spread from
ono gr0uu 20 another ana the rates Tor
money which had advanced sh>huF,
gradualg casod Off with plentiful supply
70 very low figures. The grantefs ldiltl
point or more from inc low INNI'Tf anu
sellers Of Yesterday were purchasers io11
dav of Central Pacific. which adNanced
over per cent. ana the othtr Idcluc7
improved in "a lesser degree. Pittsnurk,
e. o. and St Louis ana thicaeo and
Eastern Illinois recorded new high re-
cords. New York Air Brake made an *
trcme rise ~ pig. accompanied by talk or
a. favorable judicial decision. American
Cotton oil. Bay state Gas and Federal
Steel were am strong The closing was
strong at tho top in most cases and A'
The bond market showed early hesithh-
~. but later rose strongly, win suDSl .ill-
fiai gains in some cases. Aolti sait3f
S4415eeO. United states as advanced s,
ana tho now AZ e in the bid price The
old as registered feli on X.
Total sales ~ stocks Were l2llV3 shares
Including 1852 Atchison. 1880 do. pre-
ferred. 81 90 Central Pacific. 1850 Cni-
caro. burlington and Quincy: $50 Chi
cago and Eastern Illinois. 1.3il Erie nret
preferred. 81 $50 Reading first preferred
1920 Missouri Pacific. lao Northern
Pacific. 2I1ai Ontario and Western: 20
C2O Reading. 1920 Rock Island, ~ go
Union Pacific. 1880 ST Paui DIG"
Southern Pacific preferred. 5H@ Texas
forrcd. 600 Wabash. 500 Wheeling and
Lake Erie. 1921 international Paper;
4 $40 do preferred. $40 morican lglion
oil. 5000 Bay state Gas; ~ oo Federh
steel. 1862 do. preferred. ll740 Pacihc
Mail. 90 go Sugar. $50 Leather pre-
ferred. -.-t.
MONEY AND FNCWANGE.- Money on
call steady a. Pa per cent: last loan
M . per cent: prime mercantile paper
303T per cent Sterling exchange hrmeI,
with actual business I'm bankers uills at
81 Sff.Mf Sffe for demand and az 4NlMn
4 ~ Tor eixfv DAYS. posted rates. 81 SOFA
4 S,f.. commercial bills, e Soi.dtSl. Sill
vor certificates J9i40G0iA. bar silver "1
Irregular: state bonds inactive; railroad
r.nrde strong.