The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-09
STOCK MARKET
CLOSED WEAKER.
Although General Tendency Through
the Day Was Upward.
MOST RAILWAYS WERE STRONG
Although the Changers Showed Some
Sympathy with the Weakness OF
Whcat-Moncy for Investment
Is Abundant-Markct Easy.

NEW YORK. Dec S.-Quotations IN the
stock market rose the greater part OF
the day. but Boo the late dealings lost
part OF the clrly advance, cioslnB easy
with slight gains iu most stocks. Inc
initial tendency was hcsitating and umid,
Irrhaus svmulfhcfcally with the irrcgu-
lar tone OF London. which was moderate
seller OF Norfolk and Western Union Pa
clHc and Louisville and Nashville. The
crnnQcrs shook off their recent lcthargy
and gave confidence to the rest OF the
fist America strong foreign trade site
uatiou. with lts probable effect on values
as Interpreted ln "a widely published opti-
misfr statement OF am operator who usu-
ally controls "a large following was not
without sentimental effect. Reports OF
Improvement in both the hard and soft
coal trade and the possibility Of the en-
aCtment into law OF the anti-scalping bin
were subjects OF discussion. and acted as
o. tonic ou The railways Moreover. Inn
portant interests were openly buyers Of
properties with which they arc identified,
large offerings being readily absorbed.
and The market weakened matorallW IN
tho later dealings the grangcrs rcccdcd
symuathticallv with wheat and business
slackcnod until the close. when there was
evidence Of weakness In "a few railways,
although Metropolitan and Brooklyn
Traction continued progressively strong.
Sugar was very active and strong. and
rose four points with amy new develop
m9is in the property becoming gener.
CanccIug Of Us floating indebtedness was
assigned ass reason for it's rise. A div
idcnd on Mobile and Ohio being asserted
as being not improbable advanced the
stock The heavincss Of the Pacints IN
the last hour was largely responsible,
together with rcalizatiOus In other prop
critics for the recession I'm values before
the close.
THE easy conditions Of the money mar
ksf furnishes abundant evidence OF the
vast amount Of capital seeking invest
ment which Is now being employed in the
railway miscellaneous bond market.
Transactions I'm this department were on
n very extensive scale and considerable
Improvement was made I'm many issues.
Total sales S. 10000 United States new
- coupon and the old As coupon adj
vanccd p in the bid price. 80
Tofal sales of stocks amounted TO So
OD0 shares. including Atchison. 26.lOo;
Canadian Southern. 1o53O: central "a
cifC 1865. Chesapeake and ONO. IV'lV'i
burlington. o76S. Louisville and Nash
VILE 1916. Metropolitan 1858. Missouri
Pacific. 1920. Rock Island. $3.50: Union
Pacific 500. ST. Paul. 22.234; Union Pa
cffr preferred Q DO. Tobacco. 1850. Bay
state Gas n O32. Federal Steel preferred.
fo57o: Peoples Gas 5.292. Pacific Mail.
92 7G6. Sugar. 90 100; Leather preferred,
2373. Rubber Clio
MONEY! AND r.vrfrANGF Money or
call steady at 202is per cent. last loan
az Oh per cent. prime mercantile paper
W4U4 per cent. Sterling exchange nrmer.
with actual business I'm bankers blIs at
S4S4ikd4 SfH for demand and e. 81 SlMU
$50 for sixty davs. posted rates S4S2n
sofL and 81 S5i.04 Sc: commercial bills,
81 S0d4 S0fa. Silver certificates. 5V4010la;
bar silver. 30. Mexican dollars. 46l2.
Government bonds strong. state bonds
Gull. railroad bonds strong.