The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-11
STOCK MARKET
WAS ON A BOOM.
Transactions Enormous and High
Record Prices Were Quoted.
BONDS ALSO UNUSUALLY ACTIVE
London Followed Americas Lead and
Was an Aggressive Buyer-Reccp-
OF the Presidents Message
Abroad Was a Bull Factor.


NEW YORK. Dec. 10-The market was
booming to-day. and on enormous trans
actions Tor the short session many hlgh
record prices were quoted for the cur
rent upward movement. London followed
America upward lead Of yesterday. and
was buoyaut on ST. Paurs excellent
abatement for the first week IN December.
large interests were again aggressive.
Immense blocks OF stocks exchanged
hands. with abundant purchasing orders
60 care FOR realizing sales. After some
hesitancy the movement was active. and
strength became general again I'm which
standard stocks were well maintained.
All the grangcrs advanced from n slight
fraction DO over "a point. the latter IN st.
Paul. Heavy purchasing orders were
placed overnight in Missouri Pacific 20
buy at tho opening. Prominent interests
iu tho stock cndcdVOred TO open II up as
simultaneously sales OF 400 shares from
43 down 20 a.. Yesterdays closing price
was 4iN. The stock betrayed little fea-
turc after the first furry. but continued
90 Boz actively traded I'm. and closed wen
up 20 the top. Among the industrials
General Electric. Sugar. obacco. Rubber,
Federal Steel preferred. and Edison HUI
miuating were the features, and gained a
point or more. The rise I'm Edison HUI
miuatinR amounted 20 \ points and
each Boo General Electric and Rubber pre-
ferrCd The AtchisOns. too, were con-
spicu0usly strong. The market closed at
The best with hullish enthusiasm.
For the week stocks, almost without
exception. rose, and in some cases gains
were very large. and establishing new
h.gh-price records on tho present move
mont During the week stocks when iali-
"a ~ i,Sl5,'' ~ ~ tL g.. ,..,,e~ei trnnd
49, .oll''u Up w'' gay" 80 feie~rarh
ma cSbie Standardization nartiv inter
tunted by the storm. so9ewn,a,t re'.it.eu
business '". NVsui'.v W., "irradore eavy
4..n'ig 3D.. preei,inrt,e message as
ne 10 lt,,t pt t,Ii e,e-,,r,ent NOV had
not being ihe pun aIs ulilei ,. a., Ia
llsc"uhttu uu' ~ L,',.' l,.l 49, lie
in"aIlea lheli ~" - -, -, .l,crai eitnation
tnrit WIS nue. IN. 'Losrinf- on Market
haN5,5 ' D." .,.-,',',.or,bcr erSee oarnirrs
-.'..'' ., " nor cont over last
,'.l1 .,,orts Too eiirnassed the rhenom-
email record oil ia7l year, ' .,l,, Dai'A e''"'
HEe "tir h,Nt u" 49, Va .i5 ' ..,,,,.,,t o.,
Ine oona MAJ heI c ',''
49, 80 ~ 1.,fire-o la enocufatfva and
flrre. az iestfns v-hicb have recent
%, @..lr,ed nromiueucc considerable
+re,qfsf,enrfk was manifested through
'ni,E ~ NJ fr,rrovernenfe material
o.. , MN -, Wy, r-ritcd etstoe old ~ reg
pm nlaii9 - q. ,So ~ ree,etered ana
.is re co,non q. acw as " I'm the bid
g.a 'o1po" - -'0" ~ "
eel ed. N nn ~ 81
,.s+-d 400 700 ebares including Atchison
e@,gu t'-''yy t oe 90 Ctos-nosi[o ana Ohio.
L ~ 49, 10 ce-. T,,,fe,iiic and
~ - a. IN. ,f.,bottgr : AZ. Mot
% 90. .Tieso,,ri pa.ifc II 7O5.
'-..' ne. ~ -oq. POI, Teiand no.
.N1i VIZ a., 9t 49, sr,,tbor, r9ilvva,
f'' o. e.t..n -, p..tGo rreforrod
l.,.'i ,~. ",'' IN -5o. t+o3crai Steel nre-
..i on ~ paciGc Mail ! 100. General
t,i,',-, &. ~ so. Western Union. G419.
10 ''--''
,rc>-r,v Avn EXCHANGE. Money on
cau steady az 2iS por cent. prime mer-
c.rfiI. ,aror 2l.G4' ner cent Sterling eX-
49,, sfaadv with actual business I'm
f-,,,t.rs, f,ius AZ 81 sitl04 SIS, for demand
-,,4 .+ St SffL14 - for sixty davs. posted
rstae "a e1f.lf4 So. commercial bills.
81 s0R silver certificates. 59M0GOik: bar
silver EQn. Mexican dollars 1914 State
bonds inactive. railroad bonds strong;
Government bonds strong.
BANK STATEN weekly bank
Statement shows the following changes.
Surplus reserve. decrease .......S 3jf.61O
Toane increase ................. 4.jGl 600
cDeri. Increase - .......... 6Ui 200
ag,l tenders decrease ......... 1.143. 800
9.r.0.ifs Increase .......... .... 7262. 200
Circulation. decrease ........... 81. 800
The hanks now hold SlG743.300 I'm excess
,,f fre reofiirencuts of The % per cent.
mile
M rfroncier saws. The statement Of
a. ~. yorl, olearing-house banks for
~. tye.k endinr December 10th Indicates
,' '- evransion Of S45GfgO0 i'm loans and
e. oG9 BOO Am deposits. The increase In LA
hiiifiee however as shown I'm the latter
item makes but uttle change in the total
or the banks reserve. the decrease