The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-23
THE MARKET STILL
MOVES UPWARD.
The Volume of Business Done Second
Only to the Hight Record
BOND MARKET SYMPATHETIC,
Aud Followed the Movement of stocks
Tobacco aud sugar Showed Early
weakness. but soon Recovered
Their Strength.
BOND MARKET SYMPATHETIC

NEW YORK. Dec. 1.-THE market con-
tinutd To-day It's upward movement on
a tremendous volume q business, atcohu
only TO the record mace one "@S 80
tlases and sales. being larger than ipi
"a long time. % being estimated tnal 3D'-
600 shares were taken Union acme
issues were absorbed on rising prices Tor
both foreign and domestic account. a
pool apparently connected win promlhcnt
interests seemed In control IN TINS STOCK
iu tho local trading. There were no nc"
developments IN the property except thdV
"a go0d sDpWins was lOrecastcd iVr inc
November stuttmcn. Co be presently -
surd. and toe continued association ol
the property with the Alton deal M
which other roads as well are supposed
90 he interested. Realizing sales 10y cer-
tain large interests aithoIBn causing
r.actOry movement early in me day.
seemed 90 have been well taken. con
-llcriug their volume. Then cNluthcc on
scale buying aud conspicuous purchases
iy two principal Interests resulted ln ah
Almost huoyant tone before noon mere
was covering Of shorts VINO nave eN-
poDfed "a rcaC ion which failed 10 appear
90 any extent thus far because OF me
large absorption Of securities by ne
Iuhlic. There was prOnOunCeu strength IN
tn strangers, Rock Island crossing IA
hy handsome traction. Whle 81 laui
ruled around 11S and quincy l23. Iho
movement boo these and other STANDARD
dividend paving stocks hae hoalthiH4
successful iu stimulating the movement.
The rumOrs Of favorable developments
aided some hitherto neglected sues.
Minneapolis and ST. Louis second pre-
ferred sold at the highest price since in9
property was ro1rganizrd. romeo" am
Sugar displayed exceptional weakness al
one time. bur covered suNSrQuthilN Ih
sympathy with the late buoNdnt sptcula
dion. Baltimore and Ohio shares suffered
from realizing consequent upon st,I-
Gav's substantial Improvement Mlssouil
Pacific after period or hetNlnSS
liof points ON rumorS that O. DIVIDEND
declaration was not tmpronanle. fedtlal
Steel continued its advance. the common
rising points on the favorable tidue
situation and the belief that prihclpai
Interests were supporting the STOCK.
The bond market was Irregular during
tho enrlv part of the day. but subse-
uuently moved generally upward IN sy
rathy with the stock market Total sai
III bonds. Sl2H6.oD thited states . .
advanced 2. and the new IS and the Ola
Is coupon L tn the bid price. o
The total sales Of stocks were SOB 100
shares. including GIL" AlcAlsohi, 9z,tul
do preferred - 1I2 Baltimore ana bNlof
- 500 Central Pacific. 2l.5t0 chicago
fIriinCt0u and quincy. $50 Denver ana
Rio Grande: 1900 do preferred los
and Nashville. $4,000 Missouri, Kansas
and Texas. j. 400 Northern Pacihc. u
Ccl Rock Island. 1920 Union PaClhc, o.
99i ST. Paul, $50 southern racine $3.50
Texas and Pacific, $500 Union Pacilc
preferred. 1866 international Paper IL
81, American Spirits 300 do. nreiorred;
1900 American Tobacco. 1890 Bay state
cae. 11S-2l Federal steel. $1,000 do. pre-
farred. 1850 Peoples Gas $50 Col
j.. ana Iron: G795 Pacific Mail. $500
Ttnue-se coal and Iron. l9p@p sugar 10
40 I'm. go states Leather, u go do.
preferred. 1920 Chicago Great Western.
MONEY AND TNCfTNNGF -Nfo0o,' on
can steady NJ 202'5 per cent$ h<<a AN
af , De-. cent. prime mclN-ltile pap r.
IAN. Der cent Sterling exchange steady
with actual business in bankers bii
az n Sp.1f S4& Tor demand. and az SlSlN,
D. 4r for eIXtv DAYS. posted rates. 81 81 afr
As. commercial bills. sfSf. Silver GER
lln.afes $500 ufNi., bar silver. 1915, MeNi-
can dollars 4Gis. Government bonds
--..--.-..- $3.50 I.nla Ln.nfINn. - niIrnll