Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-04
STOCKS IRREGULAR.
THEY CLOSE STRONG, HOWEVER,
WITH FRACTIONAL GAINS GENERAL
MONEY SOMEWHAT HARDENING
This without Eject on Shares,
which End Mt the best. I'm Many
C"ses-Grain ana Provision Mar
kets Lower.

NEW YORK, January 3.--The market
was irregular to-day. and left Off strong,
with fractional gains in most shares and
with larger advance In other stocks
where interest largely conferred. Prices
were generally higher, but subsequently
the course of speculation was somewhat
reactionary, and Lead sold some 10000
shares. partly on the Philippine incident
and renewed talk Of trouble between
France and England. Proft-taking sales
caused some Of the railways to recede
from the early best figures, New York
Central being especially weak, although 1t
subsequently recovered most of its loss.
American Steel and Wire shares, after
opening at improvements. We're raided.
and the common declined points. while
the preferred lost lG and then rallied 31a
and points, respectively.
In the afternoon rise there was an in
crease in the volume OF trading. The IA
vorable November statement of Louis
VILE started an upward movement in that
stock Of "a, and a better tone spread 10
the rest of the list, Reading, Federal
Steel. Pullman. and American Spirits each
in turn becoming strong. Pittsburg: Gin
cinnati, Chicago and 81. Louis, Western
Union. and Kansas and Texas preferred
also displayed strength. Improvement In
the anthracite trade because of the cold
weather was assigned as a reason IoI iut
rise in this stock. although the advance
in the price Of coal predicted Tor the be-
ginning of the year failed TO materialze.
The increase in east-bound shipments and
the rumored restoration Of trunk-line
rates were supporting factors in the stocks
concerned
ADVANCE IN MONEY.
Money displayed a somewhat hardening
tendency. the range being from to per
cent. closing loans being at the lesser
figure. This advance i'm money was with
out effect on stocks, which closed at the
best. i'm many cases. American Sugar was
hammered from time to time on the un-
settled conditions OF the trade and lost
, per cent.
Railroad bond prices forged upward. and
today. on heavy purchases the total
clned y. and the old as, coupon, ad-
vanced = in the bid price
The total sales or stocks were 73j.4O0
shares. including 1876 Atchson; 1920 do.
preferred; 1900 Central Pacific; II. 30 Chi
cago Burlington and Quincy: 1880 Louis
vile and Nashville; $500 Reading. first
preferred; 1910 Missouri Kansas and Tex
as, preferred; 500 Northern Pacific 10 90
do. preferred: $3.50 Omaha and Western;
15G20 Reading; 1880 Rock Island; 300
Union Pacific: $3.50 Southern Pacific: APPS
Union Pacific. preferred: 1906 American
Spirits; $40 American Tobacco; 42.7SO Bay
state Gas; l0120 Federal Steel: 80, S2j do,
preferred; 22Gj Sugar; 1920 Leather, pre-
ferred; 1920 Western Union.
MONEY AND EXCHANGE.
Money on call firm at 3di per cent; last
| loan at Q; prime mercantile paper, 3d32t
| per cent.
Sterling exchange steady, with actual
| business in bankers bills AT sLSpLGs4 81
Tor demand and sLNAGS4S2 for sixty
days; posted rates, S4.s2l2nsiS5k; COM
mercial bills, &a.
Silver certificates, 59lsQ6Oh; bar silver,
| SO; Mexican dollars, 465k.
Government bonds irregular; State bonds
| inactive; railroad bonds firm.