Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-12-27
STOCK MARKET DULL.
THE FACT IS A GREAT RELIEF TO
WALL STREET.
MANY EXAMPLES OF STRENGTH,
4 Number of Special;ies show
Gains, and Many Railroads Are
Point or More Higher-Tbe Produce
Markets.
Markets.

NEW YORK, December 2s.-WalI street
spent very dull day today and took
great comfort therefrom as q grateful
relief from the painful activities OF last
week The fact that the stock exchanges
in London aud in Germany were closed
had an influence towards dulness I'm view
Of the great importance attached to the
course Of events at those places. The
London market. particularly, will be
eagerly scanned tomorrow TO get an idea
Of the progress Of the settlement, which
has caused grave anxiety.
The strength shown bv international
stocks I'm this market was an indication
OF confidence in a quiet settlement in Lon
don. The London market for Americans
has become 80 narrow and so subject TO
manipulation that the cable quotations in
other parts OF the market are scanned
before conclusions are drawn. Sterling
exchange I'm New York was without quot
able change. and tO-mOrrOW's steamers
take only single shipment of gold,
amounting 90 $4,000. TIE sterling cX-
change rate in Paris reacted fully 80
confines. indicating notable relaxation
I'm the London pressure on that centre.
Here the money market ruled easy ala
day at from ~ 20 per cent
STRESS IS PAST.
These various indications awaken some
confidence that the STRESS OF the prepa-
rdtl0us for the January lst CisDur5tment
of dividends and interest is past.
The depOsitIug of the acknowledgements
payments iu banks here continues, ana
the course Of interior exchanges is 800
favor az New York The quiet course OK
events in Boston to-day was also viewed
with much satisfaction from Wall street
The consequence was "a market when
displayed many examples ot mafheu
strength although the dealings were very
dull throughout. That the demand was
considerably made up from the snort ln-
terest was evident from the large gains
shown bg stocks which have been le-
Gently sufferers from bear manipulation.
The higher range OF prices ana ho1
bring ans severe pressure ON lqulodtioh'
having fair ground for confidence that
forced liquidation Is &C an END.
CLOSE STRONG, THOUGH DULL.
The market reced0d at intervals ln
semi faeuaut condition, but the closihs
was strong. though very oull. a huitlDrl
OF specialtes showed gains ranging from
! 90 4 points, anI many rdilio"us are
point cor more nlthei -
The bond market was Irregular, specu-
lative issues advancing ana some l'5a
conspicuous mortgages sho"lhs sli.,'P
reactions. TOTAL sales, par value Fl 49, y
United States IS advanced "a I'D the Diu
me total sales Of stocks. to-day were
4i7.100 shares, including Atchi@on. prefer
red. 1880. Chicago, Burlington Slu
Quincy. 1860. Colorado southern, hIst
pref. 300: Manhattan, lLltl. Northern
Pacific. $3.50. ST. Paul. lZ49; ktadihs, A'st
rr,fatr.d. $3.50. Southern Pac.uci Bl1,
Union Pacific, 24e29; Union Pac l1 " pre- ,o
ferrel. g6sl: American steer anu ,W,.iiLe'
preferred. 327i. American steel ana VIC,
Common. 17l75: American Tobacco, " go;
BroolIyn Rapid Transit a2os9 Federal
Steel. 1920, Sugar, 4i,sao' 1a5' ii''-Y' La
Their. 292ij.
MONEY AND EXCHANGE.
Money on call steady at 2i4n6 Per cent
last loan at per cent; ruling rae, PCT
cent. prime mercantile paper, per cent.
Sterling exchange nfmer, WIN a-'l.i
business in bankers bills az SLsi4HsAoi s.
Tor demand and at SlsJ5s for sixty DAYS.
,.l's,-d r.fes slgilHSLS2a and sie5.l
"a >si.. commercial bills. $500 Hlsola
silver certificates, 5sien'''-. har hi'FFI
-NI Mexican dollars, 4fa.
Government bonds firm. state pOhus 4H-
acfivs Railroad bonds irregular.