Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-24
STOCKS IRREGULAR.
NET CHANGES IN FAVOR OF ADvO-
Gates OF LONG ACCOUNT.
ACTIVITY OF MARKET WELL SUSTAINED
L"naon "a Buyer In Early Dealings,
Hut Later Took Profits, on Rise-To-
bacco shows Considerable strength.
Other Market.
Other Markets.

NEW YORK. December 23.-The mar
ket moved In an irregular fashion to-day,
out net changes as a result OF the days
operations were fra~ctionally in favor Of
the advocates Of the long account, a very
unusual thing on the eve of a Christmas
holiday. The activity and breadth OF the
market were well sustained. London was
a buyer in the early dealings. but later
look profits on the rise here. The action
OF the government in calling for the $500
20 or Union Pacific payments, now In the
depository banks, which is to be paid IN
~ per cent. instruments, failed to cause
q ripple In the money market.
the speculation In Federal Steel issues
was on a tremendous volume Of business.
and both common and preferred rose
very sharply. but In the afternoon. on free
liquidation and the withdrawal of some
or the usual support, stocks broke, leading
10 a moderate reaction in other shares.
There was good buying, however. OF Fede-
raj Steel on the dip, and this teadied the
list In general. Sugar, Leather. Tobacco.
ana American Steel and Wire showed con-
SIDERABLE strength. Rumor had IL that
there would be favorable developments
announced in Brooklyn Rapid Transit be-
iore tuesday. and the stock rose 2 points.
put ola not hold the extreme rise. The
closing was Irregular.
BONDS LESS ACTIVE.
The weeks bond market was less ac-
i've than that OF the preceding week,
ana the dealings were devoid Of such a
pronounced tone of strength. %Irregularity
naturally was conspicuous. but the I'M
uertone nevertheless was substantial.
many issues improving TO the best price
ever recorded for them. New As advanced
~, the old As, coupon. S-S, and do, regis
tered. Is in the bid price.
The total shares Of stocks to-day were
6fS,AO shares, including 17,42 Atchison.
preferred; $3.50 Central Pacific: $500 DEN
yer and Rio Grande, preferred; 15.1lO Lou
isyille and Nashville; 10,520 Manhattan:
l5,l4O Minnesota and st. Louis: 32.O5O Mis-
souri, Pacific; 40 Missouri, Kansas and
Texas; 1915 Missouri, Kansas and Texas.
preferred; 1865 Northern Pacific; 14,12O
Rock Island; 1880 Union Pacific; 1850
ST. Paul; 7,160 Southern Pacific; $500
Southern Railway. preferred; 10.9l0 Union
Pacific. preferred: 5.135 Wabash. preferred;
300 American Spirits. preferred; 1920
American Tobacco; 91.6O Bay State Gas;
l4.220 Federal Steel; $3.50 Federal Steel.
preferred; $3.50 Peoples Gas; 12,470 Pacific
Mall; $3.50 Sugar; 22,2l5 Tennessee Coal
and Iron; 2,1a United States Leather;
$3.50 United States Leather. preferred.
MONEY AND EXCHANGE.
Money on call steady at 2 Lac 1-2 per
cent. last loan at 2z; prime mercantile
paper. Sq3h per cent
Sterling exchange steady. with actual
business in bankers bills at &.Si140$4.Si%
for demand. and A.S1&gs4.S2 for sixty
days: posted rates. A.S2hsu Assn; CONNER
cial bills, S4.S1.
Silver certificates. 5911Q60h. Bar silver,
SO 3-s. Mexican dollars, 70 5-S.
Government bonds irregular. State
bonds steady. Railroad bonds irregular.
BANK CLEARINGS.
Total bank %clearings in the United
$l,675. $50, 40; per cent. Increase,
25.7. Exclusive of New York. 1928. 963, 645;
per cent. increase, 17s.