The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-14
THE MARKET AN
IRREGULAR ONE.
Decentralization in Sugar Was De-
pressing Factor
STOCKS RALLIED BEFORE CLOSE,
And Gains Wcrc Considerable Around
Delivery Hour Bonds showed
More strength Than stocks and
Decided Gains were Recorded
STOCKS RALLIED BEFORE CLOSE,

NEW YORK. Dee lf.-Ihc market was
Irregular during tlc process OF digestins
large realization sales uuiinS tne current
movement tlc prominent ftluoaos closing
at about he lo"tsI me ineiN. 'noou".-
cred efforts ci s0.1-out bulls 10 dtDress
values and Was IIreciy ahccied by tnc
demorall1atou lu sugar This stock.
which was caf.N supported ana gained "a
point. subsequently declined . points on
reported dtmorlIizaton lu the sugar
trade lg flf carly dealings fhc moderate
fractional HCIan.e here foNcWtd inc lin-
Irovcmcnt !u Loudp, where the public
ft0cks became quite ttivc. but sales, par
tiru.arly ia the standard stocks. were
well taken On actual investment and SEMI
Investment nfchascs. ana covering ot
short contracts Rallies cnaucd. particu-
iarIy among tdc early sun Tcrs. and
around delivery hour gains were consid-
.fHuie. lNf AlNulSUn issue, recently
brought to the front by prominent inter-
t~ts Was a sustaining factor The Nul-
nerahliiiy oi Sugar was largely response
DIE FOR the extreme irresulHrlty Of the
market The traders hammered this spe-
ci8ity irlus'ri0usly and uncovered round
amounts NJ stop-i0ss orders. Considcfaoie
support Was extended TO the general mar
kct thIoI hout. ana pool buying was IN
strumegai iu lifting into prominence
some of The lOw-priced stocks. which had
not as get moved 100 proportion 10 the
rest of tle list This was especially true
OF Kansas and Texas preferred aud Wa
bash preferred. The current earnings ol
the southwestern group have begun 10
show gains over last year through me
lifting uf the cotton blockade. Missouri
Pacific was The only laggard IN this cate
CORY of shares. urunt-iaklng conspirlng 10
keen the price well below yesterday
levc. The Federal Steel stocks. when
had been left somewhat neglected, were
taken iu hand lator in the day and aq-
vanced materially. Speculation seheraiiy
betrayed very good undefiont, cOnsiu-
crirg the heavy blocks Of realizing orders
which came ont after every rally Lon
don operators were quite extensive aful-
TRACE dealings being for boin acc2unis'
lut hearnv In favor Of The bulls Norih-
west moved ur, but the advance IN the
other granger stocks was not signincant.
Speculation leIt 1n heavy lh Tone Win
net changes frictionauv either way.
The bond market gave a better Illus
trati0n of strength than the stock hsl'
and although realizing orders were IN
force in the speculative issues final prices
Total Ss7looOo United States rs. me
old as coupon ana the rs registered ad-
Vanced i4 in the bid price. ..,
Tine total sales of stocks were glo4D
shares. including $3.50 Atchison 13l. 500
nois Central. 14.3Sf Lou le and Nash
VILE. 1G 1gl Manhattan b. Metrppol-
TAM 2Gel0 Missouri Pac. 3l63 North
om Pacific 1000 do. eferred l5.235
Rock Island. 1890 50. Paul, g 500 81. PAU
and Omaha 1913 Wabash preferred, ~
American Spirits. 1880 American To-
larD0. $500 pay State Gas 2N 1902 Fed
eraI Steel. 37.l15 do preferred. 100 Peo-
Dr. ST. Gas $3.50 Pacific Mail. i@n 2o Sugar.
1- $50 Tennessee Coal and Iron. $50
Tinted states Rubber 2oll5 Western
lion
MONEY AND EXCHANGE. Money on
.II steady at 24M2ls per cent. last loan
9f. Ter cent. prime mercantile paper
per cent Sterling exchange trmer
with actual business in bankers bills az
.l0lr44 $40 for demand and al S4Sl"N
So TOR sixty days. posted rates 81 S2iaN
sIhi. commercial bills. 81 sNe. Silver
certificates Jgi9. bar silver 5ti- Mexican
dollars fof, Government bonds strong.
State bonds strong railroad bonds strong