Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-12-07
STOCKS AND BONDS.
THE BEARS IN WALL STREET
VERY ACTIVE.
IHDUSTRILLS RATHER OEHORALlZ ID.
Hni1ronds, However, Hold Tena-
cfousiy TO Their Prices-The GraIns
and Provisions weak and Lower
Other Markets.
Other Markets,

NEW YORK, December 1.-THE tone Of
The market for Industrial securities show
ci decided contrast to-day to that fo-
railroad securities. The break I'm prices
OF tho Industrials approached dpmOTaii-
cation by the middle period OF the after
noon. Meantime. the railroad stocks al
most without exception. held tenacious'y
10 their prices. Late in the day the
bears began TO cover and wrought some
very marked recoyeries i'm the Industrial
list AT the same time, the railroads.
which had been almost stagnant, dis
played some signs Of animation, and rose
generally above yesterdays Level. Net
gains In a few railroads reached "A point.
The late recovery in stocks was cOinci-
cent with an easing I'm the call-mOneN
late to per cent. after ruling al Z 10 5
per cent. earlier in the day. The banks
were calling loans, and the movement
OF the lndustrials SUGGESTED that they
were in disfaNOr. not only with the specu-
laiive public, but with the money-lenders
Industrial collateral apparently beibs
displaced 10 greater extent than other
CLASSES
BEARS ACTIVE.
The bears were very active. and made
bold onslaughts on the Industrial list.
uncpverng stop-loss orders on large
scale. The easing of the money rate
aroused the suppOsitiOn that the banks
satisfactory extent, promising some re
le'f from the calling of loans A. IL
was evident that the short interest had
been largely extended the room-traders
turned To the bull side. on the genera.
theory that the three-days' decline In
prices had reached far enough. Ihey
had some success In forcing the shorts
to cover. and the demand from that
source became rather urgent.
quite a number Of the Industrials snow
Cd Of 10
subsequent rally brought them up IRON
~ To points.
Sugar was decidedly erratic on account
OF the sitting Of the directors to act on
the dividend. After an early advance
there was decided weakness, and only a
momentary check TO the fall when the
regular dividends were announced. III
fell off afterwards 10 1875. ana AFTER
rallying over 3 points, eased OF again
closing with n net gain OF a small frac-
ton The increase In the dividend rate
| on Atchison, preferred. though not en-
tirelv unexpected. had Strengthening
influence on the railroad list: some
strength was impaired 10 the lnterna
tional stocks by the support accorded III
the American department Of the London
market.
Continued large shipments OF currency
| to the South, and a loss OF over NIL
lion dollars by the banks TO the SUB
| Treasury on yesterdays SuD-Ifeas"lS
| operations. are reported.
| STERLING STILL FIRM.
Sterling exchange continued frm to-
day There was little doing in railroad
bonds. and prices held about steady.
| Total sales, par value. N.lSOWO. United
states new As and old ~ advanced IS IN
| the DId price.
The total sales Of stocks were ga 800
| shares including Atchison. preferred, ~
| SIS; Chesapeake and Ohio. 1l.l7O; Chicago
Burlington and Quincy. 1921; Louisville
and Nashville 500; Manhattan. 70 80
! Northern Pacific. $500 St Paul. 500
| Southern Pacific. %, SIS: Southern Railway
| 3 zoo: do. preferred. $500; Union Pacinc
| 80. $50: American steel Hoop $40; Ameri-
can Steel and Wire. 21.79O: American TN
| Plate. u.s. American Tobacco, zl,ooO
Brooklyn Rapid Transit. 0,262; Federal
Steel. g. 200: National Steel, sl20; Sugar
| 9i165: United States Leather, 32.I2o
MONEY AND EXCHANGE.
Money on call firm, but closed rather
easier at gas per cent; last loan at .
ruling rate, Z, prime mercantile paper
5l2Gl6 per cent.
Sterling exchange firm, with actual
business i'm bankers bills at SiS6'2dSiSSi
for demand and SiSlikdS4Sl%4 for sixty
days: posted rates $iS2is and 4.S1i2; com
mercial bills. Si.evt..
Silver certificates 5sisa5si2 bar silver
| SO: Mexican dollars, 47i4.
Government bonds strong; state bonds
Inactive; railroad bonds steady.