Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-12-29
STOCKS MERCURIAL.
ERRATIC FLUCTUATIONS DUE TO
BOaRD-EOoM TRADING.
MONEY MARKET CONTINUES EASY.
Business In Bonds on Fairly Large
Scale, and Prices for the Most Part
Advance - Wheat Lower - Provis-
ions Unchanged.
ions Unchanged.

NEW YORK, December 2s.-The
changes in prices to-day were largely due
to operations by board-room traders. The
erratic fluctuations I'm the market reflect
ed the uncertainty OF this class of specu-
lators They sold the market at the lower
prices from London. The substantial char
acter Of the buying demand, and the con-
scquent refusal Of the market to go
down caused them TO go TO the long side.
Highly mercurial specialties were the IA
vorites in the dealings. and some Of them
were bid up In a rather sensational man
ner.
Metropolitan Street Railway, Sugar and
BROOKLYN Rapid Transit were the most
conspicuous feature Of the market all day.
The rise IN these was so considerable as
TO invite the realizing OF profits towards
the closing Of the day. This caused the
market to run off. ct the cost Of large
part Of the earlier gains established.
The November statement Of st. PAU
earnings. showing the increase IN the
gross earnings more than wiped out,
with a resulting decrease in the net re-
turn OF over $4,000, had a marked effect
on the railroad list, which declined
eharply throughout The fail from the
top level IN St Paul was 5-S. and 1each-
ed q point in a number Of other railroad
stocks. The consequence was mixture
Of net gains and losses althOuBn the
market hardened i'm the final dealings,
on demand from the snOrls 10 CONci
their contracts.
While the movement Of prices was
largely due to professional manipulation
there was q good volume or business Top,
resenting a continuance OF substantial
demand from outside sources, through
commission houses. The demand Tor snlail
lots Of stocks continued In evidence e5-
pecially on any recessions in prices.
NO MONEY UNEASINESS.
There was no evidences OF uneaslness
about the money SITUATION anu no Iiea
SIRE TO sell stocks Although prices We're
lower i'm London. there was no evidence
of any fear of distrust at that point WIN
the progress Of the settlement. me
money situation in New YORK contlhueu
easy <, e,,,
The speculation pressure for funds from
Boston has relaxed. and New YORK TX *
change at that centre rose 10 par. ne
shipments Of gold announced Tor SaluI-
day lad little effect on sentiment on az
count Of the feeling that FORCES are Of
work 20 Offset this drain.
Rusness in the bond market was on
fairly large scale. and prices TOT the hv..
mart advanced. but there were enough
avoentions tO make the market irreeuiiI.
Total sales par value, VIi3'Vyv. Diiilr'
states new as and SIS declined IL ana
the as and old as IA in the bid piicc,., e,,,
,rhe total sales Of stocks were v'i,evV
shares. including Atchison, preferred. T.
400: Chesapeake and ohio. $3.50; Rock is. is
land g255: Manhattan. 2i@5; Meuopoitah
street Railway lex div). 1851: northern
Pacific GOO; New York Central; iz,u'y'
Missouri Pacific 1920: Ontario ana West
ern. q oqO: Pennsylvania, 9,Gl2; 81. raul,
10 0sO. Southern Pacific 2913; So1lnern
hallway. 300: Union Pacific. 3l;tov; Union
Paciiic preferred, 9,77o; American steer Gee
and Wire II $40: American Tobacco, ~
100: BROOKLYN Rapid Transit; 1850; C oi9-
RADIO Fuel and Iron. 100; Federal SJeel
% i' SS9. Federal steel. preferred bob; Gas;
1feS5, Sugar. g. rs; Tennessee Coal anu
IRON. r 100: Leather. ESQ.
MONEY AND EXCHAN'ia,
Money on GALL steady at l-lHo per
cent last loan at per cent; prime iloi-
centiie paper. per cent. -,
Sterling exchange firm. with aciu l,, ~ .
NC I'm bankers bills at $6 l-iHSi; -
Cor demand and at $Sl l-insi.ei ~ loI
ei,,tv DAYS. posted rates 81. 2asls- IL a. ana p
SiSS1-2: commercial bills, SlS loia ~ a.
silver certificates. 81 l-2u09 ~ Ear si'-
ver - 9-t Mexican dollars. ~ I'D,
covernment bonds weak. State poiiu'
ermer railroad bonds irregular.
-. yortr stock Quotations.