The times. [volume] (Richmond, Va.) 1890-1903, 1901-12-29
SMALL CHANGE
IN S Took PRICES {:
Profit Taking Sales Kept Advance TO
Moderate Proportions.
DEMAND WAS QUITE VIGOROUS '.5
Offerings We're Absorbed Readily Without
Serious inroads Upon Prices aad the
aarkct's Closing Was s'rons--Eank
Statement Favorable.
DEMAND WAS QUITE VIGOROUS.
Especial Dispatch to Tho Times

NEW YORK. Dec. 2S.-To-das's broad
ana active stock market resulted IL small
changes III prices OF STOCKS OWING 70 li.s
very large amount OF pto1it-takiiig safes
which were maze. The market was an
excellent one tor realizing pro1ts, whlch
are of tempting proportions, as a result
OF the considerable disc in prices the l;'st
few days. There was u vigorous ard well
distributed demand, wlicn ABSORBED the
offerings without serious lnroaGS upon
prices. The continued recovery III Sugar,
IN which the dealings were again large,
sustained the market. The unexpectedly
Strong bank statement maGa the Closing
strong. after the realizing had commenced
to make some impression upon prices.
An? aIgamated Copper Jailed to hold it's
gain and closed only Y higher. after nav
ing been at one time rs higher sugar
saved a net gain OF .l3 from an eXsosme
advance Of 31s. In the railroad list Read.
ing was the feature ON d continuance Oh
the recent buying, attributed to banking
interests. The stock closed Is higher.
were notably strong. Generally the real
izng in railroad stocks kept the gains
within moderate limits. The compolatlon
OF returns of earnings for th!rty-seven
shows u decrease of $40 per cent. COM
pared with last year. This is the first
time a decrease has been shown for the
corresponding periods since 1886. Other
roads reporting to-day showed a similar
tendency, Including the soft coal carriers.
Hooking Valley suffered from realizinS
i'll consequence. The large gain III cash
by the banks is attributed to returns
from the local channels of the holiday
trade. The nominal increase in loans was
considered favorable in view of the ac-s
tivity III the stock market.
There has been d good absorption or
bonds during the week. United states
coupons IS ard the old Is advanced x
pc. cent. and the IS registered declined
a and do. coupon Il per cent. from the
closing call OF last week.
The total sales for the day were ii6.GUu
shares. Including Atchison, ~, 400: Atchi-
son preferred, 9,9HO; Baltimore and Ohio,
9.aG0: Colorado Southern. 67o1: Eric,
900: Erie first preferred. $500: Manhat-
tan. HOO; Mexican Central, COCO; Mis-
souri, Pacific. 1920; Ontario and Western.
Reading first preferred, $500; Reading
second preferred, IA 500: st. Paul, 10000;
Southern Pacific. 1900: Union Pacific,
il. 900: Wabash preferred. 1,1C0 AmalSa-
Sugar, 1900; United States Steel, 1920.
MONEY AND FXCHNNCE-Monev on
call firm at 5T5i per cent; closed offered
at per cent: prime mercantile paper,
5@51. per cent. Sterling exchange ste"dy
with>actual business in bankers bills q t
s.. StiEn,T4. SIS for demand and a t 81. S33%0D
4.Si3s for sixty days: posted rates. 81 S41a
and S4.SIik; commercial bills. S+S22S0
4S3n Bar silver. DOS: Mexican dollars.
bonds inactive; railroad bonds, firm.
The statement of the associated banks
for the week ending to-day shows:
Loans. SSJ7.9G0.2 POO: increased. 500. 500,
Deposits. $50. sG9, SEQ: Increased. sG7Ia.-
800 Circulation. s31. S5G. 100; decreased
S7;2 POO, Leeal-tenders, ST .aa0,Go0: liz
creased. 81 800. Gao. Specic. S16:'.GlS,2nO;
increased. S25G9. 400. Reserve. $235, Co.'S
500: increased, $3.50, 400 Reserve re
..,.I