The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-15
THE TENDENCY
STILL UPWARD.
After An Initial Hesitancy Stocks Gen.
orally Made Good Gains.
RAILROAD BONDS IRREGULAR.
But the General Undcrtone Was Good
and Some Issues Showed Decided
Gains Consolidated Gas Sold
on Sharpiy-Locai Markets

NEW YORK. Dec. 13-Stocks rose frac-
tiOnally to-day In many cases, while in
some Instances the gains were very con-
siderable After an initial hesitancy de-
clded support developed In many spots
The boom in Americans in London paused.
and there were realizing sales from this
quarter. Sugar was feverishly heavy all
day on a reduction in the product, and
lost ~ The generalization in the spe-
ClaltieS kept down bull speculation after
midday. and prices dipped considerably
hut activity ceased, as usually of late
on a break. and steadiness developed
The Nanderbilts came into prominence
Lake Shore reaching Is points above yes
fcrday's prices. Canada Southern and
New York Central were exceptionally ac-
tive. and moderate purchases Of other
Vanderbilt properties resulted In gains I'm
the group Of l 20 points The strength
Of that group sympathciically affected
tho rest Of the list. The continuance
Of tho cold snap and the resulting adj
vance I'm coal prices at some points bene-
fitted the cOalers. This was most marked
iu Reading and Jersey Central. Federal
steel issues moved upward on the pub
lishcd report. which however. lacked any
confirmation Missouri Pacific crossed 20
which perhaps may De attributed 10 re-
ports circulated after the close that II
would come into possession Of the chicago
and Alton. Western Union declined
slightly on the poor showing for the SIX
months OF the fiscal year. Northern Pa
ciac was strong in expectation Of divi-
dond on the common, which was subse-
oucntly announced AtchisOn continued
its upward movement on board-room Cos
sip Of developments expected AZ next
weeks meeting Consolidated Gas. whose
plant suffered quarter Of a million loss
by accident yesterday. sold off sharply.
The railroad bonds market showed lr-
regularity In spots. but the underlying
tone was very good ana marked gains
occurred IN some issues. Total sales,
81 O90 600 United States new IS ahn US
old as coupon advanced X in the bid
price. -sno oo
shares Including IS 125 Atchison; 6I32o
do nrefcrrod. 500 Baltimore and Ohio;
1qj Chesapeake and ohio. 6.a36 Chicago
and Alton. % 142 Chicago, Burlington ana
Quincy. $3.50 Erie hrst preferred; 9.lIV
Ii0okfro valley. S4SI Louisville and
Nashville: 71JO Manhattan, 177SO Read
inc first preferred. $40 Missouri Pa
clfc. $500 Missouri Kansas and Paclnc
preferred: II 500 New y ork Central: SOL
Northwestern Terminal; 244lO ontario
and Western. II 200 Reading 49,, ROCK
Island: 947q Union Pacific; PHO 81.
Paul. 1890 Southern preferred. 600
Texas and Pacific 10 $50 Union Pacihc
preferrod: 10 0OO Wheeling and Lake Erle;
II qgS American Tobacco 4b 4bS fedeIai
steel. 231sO do. preferred, Ade racine
Mail. 1880 Sugar; 25.9so Leather pre-
ferred.
MONEY AND EXCHANGE. Money on
call steady at 2AU2l2 per cent; ,asl loah
At pr per cent; prime mercantIe IaI,or'
904 per cent Sterling exchange easier,
with actual business in bankers bllIs
al 81 Sfi1d4SfR for demand and at S4Nlt2
% SfR, for sixty days posted rates, SiS@'2
~ sgd. commercial bills, S4.Sul2. silver
certificates 5Qi5QG0k. bar silver. 59l3;
Nfavican dollars a. Government bonds
strong: state bonds frmer, railroad bonds
strong.