Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-12-05
OCK MARKET WEAK
,,urR ATTEMPT TO PUT UP
PRICES FAILS.
y osE BELOW WEDNESDAYS.
.;ornI Period OF Absolute Idle
~, the Floor of the Exchange.
Wan, Of '"s "> '"e"'
Not Quoted.

..,,v- WORK., December s,-There was
..o- attempt TO PIT up the prices Of
mis- morning. but it did not sue
I'D The market soon became weak.
,.s-r.pal part Of The days business
stock Exchange had been COM
~ the end OF the first hour. and
ms no further activity until an
s,rlrE movement developed in the
,...- and carried prices to the lowest
ssx In the interval there were
.,.,s5snal periods Of absolute idieness on
coo- OF tic Exchange. Many of the
prominent stocks were not quoted
m from hour 10 hour. The aggregate
-----iar.s Tor the day dwindled still
49, from Yesterdays small total. The
-.-css WIS almost entirely IN the hands
occasional room traders and many
-, more conspicuous commission
..s.s had not as much as a thousand
,,s-.s To execute in the market.
.r,. ,fa-, 10 advance prices was appar-
..,,. .ass& on the somewhat easier tone
,.u-,asa market. but the developments of
4s, rrsciuded any hope Of early ease
= -~o7ev and prompted the traders to
-gs rheir position. They then sold
stocks to force lower level of prices,
,,- ,he simple reason that they were I'M
,.,s to advance prices without meeting
,.--a sales to realize. The Sub-Treasury
,.,,ar,ert Tor today shows thatthe banks
80 lost 10 that institution since last
r-ssv over $5.ee9Go, This did not in
c,,5p the S1.ca0eno Withdrawn to-day for
,n,ent 10 South America. This morning
,hs sub. Treasury was q creditor at the
,asr.rs house sor s4l6,aSl. on accounted
sor,a heavy internal revenue collections.
# g.fl be seen, therefore. that the weeks
decline in bank reserves probably will be
besween 5000. 900 and 100000.
TIME MONEY STILL FIRM
The tone OF the time money market
which continues very firm, is convincing
evidence that no relaxation of the money
market is expected before the turn of
iha year.
The Bank OF England retained It's four
per cent minimum discount rate this
V.el, and the private rate went lower
N he London market, but the banks
weekly statement discloses that the gov
eminent has dishursed over $9,oo0.oN OF
its deposits. which. together with the
shjpping combine payments. accounts for
the present easier tendency in London.
Tho advance in the market OF refined
rrzar and that in the price OF copper
b6th here and in London. made sugar and
3r1alsamated Copper comparatively firm
PORT Worth and Denver City stamped
rose sharply on the prospect Of an in
creased dividend disbursement in Febru-
srv. Reports from trade authorities OF a
downward tendency in the price OF iron
products. and holding back of orders
IN account Of high cost, was rather
depressing influence.
BONDS DULL AND EASIER.
Ro9ds were duh and easier. in sympathy
with stocks Total sales, par value. 81
s0e0
Tinted States 3's registered declined
il per cent on the last call.
Tie total sales of stocks to-day were
l7agf1 shares.
Close: Money on call firm at l-29o
Il. closing, 3 1874.
Time money very firm: sixty days.
per cent; ninety days. 6 per cent; SIX
months, 3 3-4d6 per cent.
Prime mercantile paper. per cent
Sterling exchange steady at the decline.
with actual business in bankers bills
II 16IS4S7.60 for demand, and at
ltS3 5bq$4 81. so for sixty-day bills. Posted
rates. s.S4 IL and sass; commercial bills,
1883 and S4S4
Bar silver, ~ 5-s Mexican dollars, Il.
Government bonds easier. Railroad
bonds easy.