Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-15
STOCKS ON UPGRADE.
AFTER INITIAL BEsITANCY DE-
CiDED SUPPORT DEVELOPS.
SUGAR WAS FEYENISHLY HEAVY.
I'm spccinities Keeps
Down Hull Speculation, and Prices
Oats Lowcr-Provisions Decline.

NEW YORK, December 1l--stocks rose
fractionally to-day In many cases, while
in some instances the gains were very
considerable. After an initial hesitancy
! decided support developed IN many spots.
The boom in Americans in London
| paused, and there were realizing sales
from that quarter. Sugar was fevcrishly
heavy all day, on reduction in the pro-
duct. and 1ost - The decentralization
in the specialues kept down bull specula-
ton after midday. and prices dipped con-
| sidcrably. But activity ceased, as usual
| ly Of late. on break, and stcadiness de-
veloped
The Nanderbts came into prominence,
Lake Shore reaching IS points above yes
| tcrday's prices. canada Southern and
| New York Central were exceptionally ac-
| tive. and moderate purchases OF other
] Vanderbilt properties resulted in gains in
/ the group Of ! TO points. The strength
Of that group sympathetically affected the
| rest Of the list.
! The continuance OF the cold snap and
I the resulting advance i'm coal prices at
| some points benefited the COalers. This
was most marked i'm Reading and Jersey
Central. Federal Street issues moved up
ward. on the published report which,
| however, lacked continuation. Missouri
! Pacific crossed &C. which perhaps may be
/ attributed to reports circulated after the
/ close that IL 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. North
ern Pacific was strong. i'm expectation of
"a dividend on the common. which was
subsequently announced Atchison con-
tinued its upward movement on loard-
room gossip Of developments expected at
next weeks meeting.
RESULTS OF GAS ACCIDENT.
Consolidated Gas. whose plant suffered
quarter of a million loss by accident
yesterday sold off sharply.
The railroad bond market showed irreg-
ularity in spots. but the underlying tone
was very good. and marked gains occur
red I'm some issues Total sales, S600.OO0
United States new As and the old as,
coupon. advanced Is in the bid price
The total sales of stocks were 10000
shares including 1925 Atchison; $500
do, preferred; 5000 Baltimore and Ohio
9195 Chesapeake and Ohio, 6936 Chicago
and Alton 9142 Chicago, Burlington
and Quincy; $3.50 Erie. first preferred;
5llJ Hooking Valley, S4Sj Louisville and
lst preferred: 2S, AS Missouri Pacific; 1929
Missouri. Kansas and Pacific, preferred;
II, $50 New York Central; 6.0j Northwest
EN- Terminal; Omaha and Western.
1890 Reading 1916 Rock Island, 9.l79
Union Pacific, 12.7l5 st. Paul, 1890 South
ern preferred COjO Texas and Pacific,
1850 Union Pacific preferred, 10000
Wheeling and Lake Erie, 1888 American
Tobacco. 40. 4SG Federal Steel; 23.lS0, do,
preferred $3.50 Pacific Mail. 1920 Sugar,
% $50 Leather preferred.
MONEY AND EXCHANGE.
Money on call steady at 21-4q2 IL per
cent. last loan at Il; prime mercantile
paper 3U4 per cent.
Sterling exchange easier, with actual
business in bankers bills at $4& LA
s4S41-2 for demand. and S4Sl 1-2Q$4Sl 81
for sixty days; posted rates. A.S2 1-2g
S4SJ1-2; commercial bills. $3.50 -.
Silver certificates. 80 1-2NG01-2. Bar sill
yer. 591-2 Mexican dollars. A..
Government bonds strong. state bonds
f~r,a~ Railroad bonds strong