Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-12-02
STOCKS STRONGER,
uu,crs LIFTED QUITE GENERALLY
PER CENT. OR MORE.
CALL MONEY QUOTED FIRM.
,usuencc OF Preparations for Dc
,embcr Disbursements Time
Money Rate. UnchanEed-Suppo
I'd Antitrust Views Forth Com
ing in the Presidents Message.
ing in the Presidents Message.

KEW YORK. December l.-To-day's
,+ocr market made a rather notable show
- strength. and prices were lifted quite
generally per cent. or more This was
snc in part 10 the sympathetic effect of
n,nyemcnts in. special stocks in which
speculative campaign was going on. but
general considerations also played a part.
bio was in the local traction group. The
arcompauying gossip quite generally
nrrtcd TO a plan for a comprehensive
merger Of all the traction facilities with
n the Greater New York corporate linn
lis and a supposed share in the control
b. New York Central and Pennsylvania.
Manhattan conspicuously abstained from
6 share in the movement. and was at
times below Saturdays level.
The dealings in this stock were rather
light This gave some color to a suppo-
s!t.6n that the movement amongst the
other fractions was designed to adjust
tb5.r calculations to the higher level al
ready attained by Manhattan. Another
conspicuous centre of strength was the
south roads taVerslng the region west
OF The Mississippi river. On runners of a
pan 10 combine all the railroads in the
eroup by making a holding company OF
ore of the smaller companies Hooking
Valley and kanawha and Michigan were
most conSpicuously affected.
RELIEF FOR MONEY MARKET
one of the factors was the belief that
the December endorsements. which are
estimated at $15,eo0,Qco. would afford relief
IN tie local money market. Payment in
London to-day OF So0.Ooo,0o0 TO $4,000 o,D
on account OF the shipping combine, also
aroused hopes Of easier conditions in the
money market. Actual quotations for call
money We're firm. under the continuing
influence Of the preparations for the De-
renber disbursements, and time money
rates were unchanged. New Yorl. ex
change at Chicago rose again to par, but
2 deposit was made at the sub-trcasUry
Of S2j0.lhJ for transfer 10 the interior.
The opinion OF bankers, in spite of to-
days stock market visw. is for con;in-
uance of close money conditions over the
end Of the year.
There was some speculation on the as
sumption that selling of stocks on the
ground OF supposed antitrust views TO
be expressed in the Presidents message,
would prove uuwarranted. Some very
heavy blocks OF stocks We're placed en-
the market, the course OF which save
rise to much gossip in connection with
the authorized new stock issue. The
mystery Of The selling was unrevealed.
The sea sonably cold weather had good
effect on the market. and more especially
on the Coalcrs. There We're occasional
set backs throughout the day. but the
closing was firm. and at about the top
for many stocks.
B0EDS IRREGULAR.
Bonds were Irregular Total sales, par
value, $2.0100Dl. United States SIS. cou-
pom advanced 10 per cent on the last
can.
Total sales OF stocks to-day were 6is.-
500 shares.
MONEY AND EXCHANGE.
Close: Money on call firm at 1-2@
l. per cent; closing. 4 III ) per cent.
Time money, steady: sixty da2s. per
cent, six months, 1-2@6 per cent.
prime mercantile paper. 1146 per cent.
Sterling exchange firm, with actual
business in bankers bills at 4.S1.l250l
iS7.25 for demand, and at 4.SS.500i. So. o-5
Tor sixty days; posted rates. asa 1-2@
lSS, commercial bills. 4.S3Q4.A.
Ear silver, IS 3-S; Mexican dollars. 81 II.
Government bonds. firm; Railroad bonds