Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-12-10
EASY But VERY DULL ]
THIS THE TONE OF NEW YORK
sroc1< MARKET AT CLOSE.
40 MONEY RELIEF IN SIGHT.
-rtil There il Prospect Of Such Re-
lief, 40 Revival in Speculation is
Expected - Bond Market Little
sforc Than Nominal.

NEW YORK. December a.-To-day's
,-s.sactio:2s in stocks were smaller than
those Of yesterday Only few got as
much as q point away from last nights
c,ose. III any time during the day. There
vss slight advance in one or two stocks,
r-,+ reaction in the afternoon carried
ma level of prices . fraction below last
rel, all around. and The market clos
"a easy. but very dull. Quite an active
e.,oeuIation in Sugar was the principal
influence in saving the days dealings
rom actual s;asnauon. The movement
aas ACQUITTED for by the announcement
during the day of an advance in The
prices Of refined sugar. After this an
,ouncement the stock reacted. The en-
,hatic disclaimers OF recent rumors Il
a comp promise against the warning copper
factions. and late reaction in the Lon-
cause reaction il Amalgamatcd. The
movement of these two stocks had an
important sympathetic effect on th>
p-hoie market, owing to the preponder-
anee II the dealings in them. IN tie
late weakness. Louisville was conspicu
7gs lor crop TO IL below last night.
The days developments in the money
market offered no prospect II early re-
llen and until that prospect appears. no
revival in speculation is expected The
sub-treasury took from the money mar
Re. yesterday $l,41S,0oo bringing its tcta:
absorption since the bank statement uo
"a s2.as4c10 The sub-treaSury also had
credit at the clearing house this morn
ing. indicating a continued drain iron.
-ha mone- market
MORE GOLD FOR SOUTH AMERICA
Late in the day, rumors were current,
7itaout confirmation, that further ship
ments Of gold were 10 he made to South
America.
To-day-s sterling exchange market bye
vas finn. in spite of additional offerings
d, loan bills and another days large
t0relgn demand. both for wheat and for
cotton but the sterling rate at Paris re-
gctad L. cenLmes. thus raising the gold
export level Of sterling.
The call loan market was not quit" 81
sttG. owing, partly, 10 the almost Fotal
aCk Of demand. but SlNty-day and ninety
fay loans were made at per cent, ard
Ter four months both 6 and S per cent
we're paid. The difficulties of borrowers.
II course. vary with the grade Of their
credit end OF their collateral.
Holders Of stocks are very 10th to mar
zet securities owing to the poor absoi'i>-
jon power of the market ca the other
laud there is little incentive 10 Pay
above per cent. for money TO hold rail-
road stocks at prices which Yield Gener-
alls Iess than > per cent,
BONDS IRREGULAR
The bond market was little more than
ntanaaal and the movement v:s ire
rr Total sales, par value, I,65a,00o
}lued States old As. coupon advanced
IS ana nc registered declined Ia ger
cent or The last call.
Tia total sales of stocks today We're
-t g snares.
MONEY AND EXCANGE.
Clcst: Ncney on call, firm, al 4Q6 per
cents closing offered at per cent; time
'aaley arm; sixty and ninety days, z
aeE cent; 1aur months, to S i::-r cent.
ss months per cent: prime mercantile
p5rsG. 6 per cent.
Sterling exchange FIRM. winli actual
business ia bankers hills at l.67.23 fer
tnlaud and at $3.50 for 60-day bills;
9uster rates 4.S4 L. a:1l ass: commercial
bills 4S-s a4.S& ia.
f5r silver II SIS; Mexican dollars, 81.
Government bonds, irregular; Railroad
IS<el Is. irregular.