Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-03
STOCKS STILL DULL.
OF PRICES FOR STAND
ARD SHARES IRREGULAR.
INDUSTRIALS The MORE ACTIVE
Days Net Changes Mixed-Wbent De-
clines-Corn and Oats Each Lose
About f-S-Provisions Slightly Low
er-Other Markets.

NEW YORK, December 2.-The stock
market in New York refused 20 respond
to the sanguine view manifested en- the
London Exchange as TO the future value
Of American securities. Americans were
the feature of that market, and were
marked up quite sharply before the open-
ing here The countermanding Of orders
for engagement of gold for shipment to
New York allevlated apprehension in Lon
don over the money market outlook The
rate for call money there fell 10 2l-2 per
cent. and was easier also in Paris, as
result of the extensive accommodation
accorded the money market by the Bank
of England and the Bank Of France.
The effect in New York Of the higher
prices abroad was only temporary ana
the demand for standard stocks became
semi-stagnant. In the dulness which su-
pervened the movement of prices TOT
standard stocks was extremely Irregular
the irregularity extending as far as
contrary movement Of different issues OF
the same company. Generally speaking
the Pacific stocks, including NorIheln'
Union. Central. and Southern Pacific, SUI
The Changers were in the same category
1ND1rsTRIAI.s CONTINUE ACTIVE.
The sluggishness and henvinoss or the
railroad list caused a continued diversion
~ speculative activity into the Industrial
epeciaIties Sugar showed the greatest
activity. and its decline in the late deal
ings after an early period Of Strength
was no small factor in the general heavi-
ness toward the close of the day. The de-
cline IN this speciality was based on the
lowering in price OF the product by lead-
inp, competitor. and on the opinion that
the recent demand Of the trade had peen
altogether abnormal. Brooklyn transit
was AT one time above 70 to the high-re-
cord price, the Metropolitan was strong
IN the talk Of an increased dividend. Inc
preferred stocks Of the Rubber ana Lea
Their companies enjoyed the benent OF Ia,
vorable trade conditions. Federal steer
preferred was suddenly marked up almost
a point. without any explanatory news
davelopment. and other iron and steer
etocks responded. in sympathy. Linseed
oil rose e1-4. on the reported underwriting
Inv syndicate OF the reorganization plnn'
but lost II all. General Electric was heip-
ga nv the expected declaration Of $ltbO OF
The communicated dividend Of the prefer
rcd etock Pacific Mail was strong tea-
ture. on the increase in net earnings lor
October of sl2S.sO7 The days net changes
are mixed.
POND MARKET ACTIVE.
Tho hond market was active, and prices
,,,ore better sustained than in stocks. iron
Mountain SIS were a feature, Win Iise
above par TO 101 and Denver ana hlo
Grande As were added 10 the list or Ie-
organization As. Total sales, A'05o'V".
limited States old As, registered, ana the
2's advanced Is in the bid prlce. 80
The total sales Of stocks were '-'''VV
shares. including Atchison, eSoo; 40, pre-
ferred. l7.176; Central Paclhc' ESQ; Che9,
apeake and Ohio, $3.50; boulsville ana
Nashville. 1885; Manhattan 6,H9' Met IT.
noIitan 500. Missouri Pacific, l4,S@'
Union Pacific, 1885; st. Paul Sflo' S Idr
ern Railway, preferred S4ss, Ur ieni
Paclfc. 10 531: American Spirits, T. 400;
Rgv state Gas, 1856; Federal Steel, pre-
tered q 23S; Peoples Gas, $3.50; Con-
eoIidated Gas. ssh: Pacific Mall ltH5;
TationaI IJnsesd oil, - no; Sugar, 1910,
Rubber, 1873.
MONEY AND EXCHANGE.
Money on call frmer az 2QS per cent;
last loan at 8; prime mercantile paper
31-4G41- IA per cent. -,
sterling exchange steady, with actual
bneiness in bankers bills at $La l-Zg
stSfS-4 for demand, and sta l-2QS4.Sl "a
for sixty days; posted rates, A.s24$.sZ IL
and 451-2; commercial bills, $3.50 IL.
silver certificates, G)1-2G6l - Bar Sill
yer 1878. Mexican dollars, 46 S-S.
Government bonds strong. state oonos
steady. Railroad bonds strong.
BANK CLEARINGS.
The total bank clearings In the United
states for the week were $1,535,S0.5l per
cert Increase. 15.S; exclusive Of New York,
500 .46f: per cent increase, 49,
-,on,- arnCIE nnlTATIONs,