Virginian-pilot. (Norfolk, Va.) 1898-1911, 1900-12-23
] RI 3 ]! ! |! |! Or MARKETS.
NINA A CIAI AND COMMERCIAL
asocaa, MONEY Exchange. Bonis. Grlla,
cotton, Provisions. Etc.
81 hese Are Closing Sales
Each Day.
MARKsr LETTER.
STOCKS.
Nav Yorls !

st39ee New Y DIRK, Dec. Il, 1900.
IN the early dealings some irregu-
lartty was exhibited. due to a contin-
I. nRnce of profit taking in many direc-
s ions, but after the first fifteen or
s Wenty minutes there were fresh de-
agreements of strength and the mar
S ~. w nile siiuctuating under considera-
Us. DlS { satizing, maintained general ag
E tesss sve strensShl after the first hour.
s = noon traded actively on both sides
~ ~ Inc, ir1aTket selling on balance, but
& s stttS 8arSe! buying of Southern Railway
GolllIaon was the feature. Denver,
ltries a Gibson, Missouri Pacific, North
sE.aclttc and in fact the whole rail
s way y list ss.owed the same inherent
Y 2 tlrehgth Of the recent past and record
= 81 stiit further substantial advances,
g Wfiiie in the industrals, the iron and
3 81 q ugar refining, Peoples Gas and
n Szeneral Electric shares were the bouy
4 mt speculative favorltes. There can
pe no doubt as to the confidence of the
general public that we are about TO
4 ElsgatneSS q further great Improvement
n an railway and industrial and manu-
Siacturlng enterprises anu with super
apnndancel of money next month eX-
pectaticn of higher prices for securities
z rs easily explained. Bullish sentiment
ss increasing by the declarations of in
s creased d1vtueitdS and by further mani
Rotations of power in new combina-
lions and associations of the different
security properties. The closing was
IN keeping with today bull market, and
was strong with good general substan-
4 tlai advances in nearly all directions.
s COTTON.
The bull contingent in cotton were
again favored this morning by the
cables and domestic news, while bears
: OF every cline appear more determined
nan ever to take no risks by remain
ing over-sold during the holiday ad-
& 1ournment, consequently prices opened
several points higher, and after the call
recorded further IMPROVEMENTS on gen
scfaI light buying and scarcity of SELL
& ers. Before the close of the first hour
proft-taking caused a sharp decline.
X however later continued covering by
shorts brought about rally exceeding
the decline. with the market showing
sinherent stability. Secretary Hester's
figures in sight for the week were 1885,
BOB bales. against $4,000 last week.
Receipts today We're small, Southern
spot markets were active and higher,
n and Ltverpool's attitude as reflected in
the cables, decidedly favorable to still
higher prices.
d The feature in the afternoon market
was the rapid advance in December.
whereas that option closed last night
z Mt $3.50. Itsrose vertically to 1925, with
hears very much alarmed and bulls
talking of 1880 as the probable figure
MT which shorts would be allowed to
cover. While trading was compare
II lively light and of professional origin.
I, sentiment is nggressively bullish. and
the bull concensus of opinion in the
Language of bulls is expressed as fol-
lows: Prices are going up. DON'T
talk, but get aboard" and to the bear
n, the jocular remark is addressed, Cheer
4 up! The worst is yet to come An
advance of II cent in spot cotton served
to intensity bullish sentiment. and the
& market closed strong. but with some
recessions for highest prices
GRAIN AND PROVISIONS.
Wheat opened steady on q basis of
70 cents fer May and the trading
through the day was intensely dull,
with absolutely no speculative feature.
Fluctuations We're narrow; the mar
ket closed dull and unchanged as COM
pared to last nights final figures.
Corn opened steady and unchanged.
y the operations in December in Chicago
A being the feature, same affecting q
break OF 2M cents bushel in the first
ten minutes. Later the market devel-
oped dullness. closing barely steady at
rs net decline on the day. Provisions
We're quiet. 21s@5 cents lower There
are $4,000 hays in the Western points,
against $4,000 last Friday and 10000
last year.