Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-12-21
STOCKS AND BONDS.
IMPROVED TONE AND NERVE OF
WALL STREET DEMONSTRATED.
SLUMP IN BROOKLYN RAPID TRANSIT
Net General Losses, However Are
Small, and Some Substantial Gains
Are shown by Important shares
Money Falls to = Per Cent.

NEW YORK. December 2O.-The stock
market gave a demonstration OF improved
tone and nerve In the spirit with which
II accepted a slump OF 1873 points in
Brooklyn Rapid Transit. accompanied by
sympathetic weakness in other stocks
IL cannot be said that this decline was
viewed with Indifference, for It effectually
checked the advancing tendency in the
general market. and worked a reaction
extending to over two points in a number
oi standard railroad stocks. and from 10
, points In some Of the Industrials
hanks TO the earlier rise in the market
however. and the rally following the
stump net losses are in nearly ali cases
chan, ana some substantial net gains are
snOWh by important stocks
Inc break I'm Brooklyn Rapid Transit
WIS attributed TO the forced liquidation
OF, "a very large inside account. concerning
mhich many unfayOrable rumOrs OF Mon
uay were revived in full force, and oxag-
berated by the bears. with q view 10
breaking the market.
y Duiihg the time to-day when BROOKLYN
Ndpiu transit was showing most acute
r,,e.i the rate for call money was
quoted at per cent. and was in plentl-
Iui supply on satisfactory collateral The
Iate at no time rose above . per cent
ana IN the late dealings fell TO 2 per cent
W yesterday low level. During the dav
an engagement Of gold for shipment ia
London was announced. and rumors yrere
current OF further heavy engagements 10
20 OUT on Saturday. The announcement
anu me prospect seemed TO have no effect
VII lhe locai money market.
AN ANOMALY.
me anomaly OF 2 per cent money
l.'c dhu BOld allowed TO go out while
STOCKS are forced TO liquidation at heavy
sacfihces warrants no other conclusion
than mat the security offered for loans
10 carry stocks in some instances is I'M
s"elSiaCtory. such is known 10 be the
case Yesterdays measures of protection
ana relief were still in force to-day. hut
WIS mace manifest that care and dis
summation are to be exercised i'm applv-
us me me resources contributed There
was liquidation yet to be accononlisbed
To-Day: and II pursued it's course hut US
n .l allowed TO unsettle and demoraIize
Ne Me whole market, as was the case on
The tone Of the market during tho
early hours was nearly normal evcept
eHlt trading was very active and fucti,-
duons were rapid. Prices advanced and
received an additional impulse inward
W. Nun the announcement Of the increase
that stock rising TO 1873
BOND MARKET IRREGULAR.
me bond market was reported active
Dut showed late reactions from the early
strength. making the tone irregular.
esOtal sales, par value, s3.15OC00 United
states rs. Ys, old As, and rs advanced
k I'm the bid price
Inc total sales of stocks to-day were
pl0O shares, including Atchison pre-
iIerred' a. 10 chesapeake and Ohio. 1tSl5:
1hlcago, burlington and Quincy. 1850;
ROCK Island. 1881; Louisville and Nash
Nllle, 1880; Manhattan. $3.50; MetrOpOu-
tan. l3NJ; Missouri Pacific 11O2j: New
YORK Central. 1892; Norfolk and West
ern. Glib; Northern Pacific. 17.1lO: North
ern Pacific, preferred. ZIP: Pennsyl-
yania, 1865: Reading. 1st preferred. 1880;
ST Paul. Hl5O; Southern Pacific 25125:
southern railway, GOO; Southern railway,
preferred 1880: Texas Pacific. 500;
Union Pacific, 1860; Union Pacific. pre-
ferred 1855; American Steel and Wire.
$3.50: Brooklyn Rapid Transit. 1864:
Continental Tobacco, 1880: Federal steel.
$3.50; Federal Steel. preferred. ex-divi-
dend, 500 Pacific Mail G.O65: Gas. %. Sg5:
Sugar, 52,42i; Tennessee Coal and Iron.
lO,1S5: United States Leather. 1925:
American Tobacco, 1881.
MONEY AND EXCHANGE.
Money on call steady at 2G9 per cent:
last loan at per cent; prime mercantile
paper. 5i2d8 per cent
Sterling exchange steady, with actual
business in bankers bills at SlS7i4 for
demand and SfS1 for sixty DAYS: posted
rates, SS2a$4s2ia and S4.SSl5; commercial
bills. ASO1sQAS1
Silver certificates. 59Q 59l2; bar silver, 80:
Mexican dollars, Az.
Government bonds strong. State bonds
inactive Railroad bonds Vook