Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-07
STOCKS SHOW GAINS.
THEY GROW DULL IN AFTERNOON,
But QUOTATIONS MAINTAINED.
TRANSACTIONS IN SUGAR LARGE.
Covering Of b,'. Bring. About
Full RccoveiIrs to hest Advance of
Day-The Grains and Provisions All
Decline.
Decline.

NEW YORK, December 6.-Fractlonal
gains throughout the list were the result
of to-day's trading. The decided strength
Of the early market was in sympathy
with London's improved prices, and Lon
don was small purchaser on the bal
ance. Profit-taking at times checked the
advanced local market. which became
duh In the afternoon, with quotations
generally well maintained. Sugar, after
an early advance, sold. off as usual on
the announcement of the regular dividend
disbursement The transactions in this
speciality were very large, and covering
Of shorts brought about full recoveries
20 the best advance OF the day. leaving
the prices point below yesterday. The
feature Of Importance was the Coalers,
which were buoyant on the assumption
that q new trade agreement would DE IN
effect next month. Delaware and Hud-
sou was especially strong. on reports 81
the probable continuance oil the present
rate in the dividend to be declared next
month. Pacific stocks were strong, and
at periods OF depression in to-day
trading rallied the rest Of the list Cen
tral Pacific rose Ii POINTS on the DIS
scmination of n report that the govern
ment might extend the time for that road
TO pay its Obligations 10 the government.
The acton of the days market reflected
the continued operations Of large specula-
tive interests, In having diverted their
operations into low-priced shares. which
give promise of increased or impending
dividend disbursements. Considerable
amounts OF stock ruling in the 43s We're
taken. conspicuous examples being Cleve-
land. Cincinnati, Chicago and 81. Louis,
Southern preferred. and Northern Pacific
The Granger group showed spurts Of ac-
tivity at times and moved i'm sympathy
with the general market, although i'm
provements as rule were less pro-
nounced.
BONDS DECIDEDLY STRONG.
The bond market showed decided
strength at many points operations In
some of the recent favortes being on
large scale. Total sales $.fi3.000. United
States new As and the IS. registered, re-
acted y. and the IS, coupon, u per cent,
in the bid price.
The total sales of stocks were 3j7 coo
shares. including AtchisOn. preferred.
1926; Central Pacific, 10.10l; Chesapeake
and Ohio, IL ,93j; c. c. c. and ST. L., sos;
Delaware and Hudson. j,2l0; Louisville
and Nashville. 9625; Metropolitan. s.ZO2;
Mexican Central. G.1J0; Hawaiian G. Co.
preferred, 201s0; Northern Pacific. lG.9l9;
Union Pacific, 7.722; St Paul. 5.l5O; South
ern, preferred 7,7S5; American Tobacco,
40. 465; Federal Steel, preferred, 1896; Pa
cific Mail 1929; Sugar. 565S2.
MONEY AND EXCHANGE.
Money on call steady at 202k per cent;
last loan at "a per cent Prime mercan-
tile paper. 3hn4 per cent
Sterling exchange steady. with actual
business in bankers bills at ASr4QAS1s
for demand. and A.d1gQASlA for sixty
days Posted rates, sIS2dSL21a and ASla
@$4S6; commercial bills A.@12.
Silver certificates, 6Ol2d6l12. Bar silver,
50 lie Mexican dollars, 465s.
Government bonds weak. State bonds
irregular. Railroad bonds strong.