Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-12-25
STOCKS CLOSE FIRM
rgS.I PRICES AT THE Tor LEVEL
or THE DAY.
TRADING ALMOST sTAGNANT.
srolsers Pay More Attention 20 Play
ing Cl,ristmas-Eve Prank. Than
90 Buaincss-Naintcnun of Call
Loan Rate az 8 TO 10 Per Cent Dc
pressing.
pressing.

NEW YORK, December 24-The stock
zlarEet closed firm to-day. at the top
tsvsl Of the day. with net gains in a few
~ Ike prominent railroads and specialities
reaching . point or more The days
movement Of prices was not of much sig.
-acaace, and The dealings were on a very
small scale, except in the local. traction
sraap, in which there was some large
a1vEag The trading was idle nearly to
thc point of stegnation at times, and
fsc brokers save more attention to play
s1E Franks in celebration OF the eve of
fhe Christmas holiday than TO trading
n saool.s.
Tla strength of The local fractions had
sentimental effect on the whole list.
80 rise In Brooklyn Transit extending
60 ovsfa = petntS No dea.ni+e explanation
q. The rise vas forthcoming. but ola
~e1ors had renewed circulation Q. pass
sig Of control to the Pennsylvania Sugar
was well sustained. at recovery
RON yesterdays sharp decline. The most
zc4rez period Ct the. trading. however.
7as during the decline OF the morning
Tie maintenance Of the can loan rate at
aetwscn /. and 10 per cent was the de-
-rasstag influence.
RAILROAD WAGE INCREASES.
The announcement OF wage increases
bv me New York central and the Allan
uc-CQest Line called renewed attention
70 q tendency which is general through
out The railroad world. The passing of
lie dividend on St. Joseph and Grand
Island pceter-ed- explained yester-
5zys late break of s l-2 points in that
atacE, 10 which was added q IL point
decline today CANADA Southern was
also sufferer from the reduction In its
-lrt5eaa rate. The great influence Of
tEaze two cases was not encouraging.
The rise OF thirteen points in Cleveland,
loraiu~ and Wheeling; was unexplained.
1s stiffness OF the call money rate,
and hardening Of the tine market
we're not effective in checking the rising
tendency IN sterling exchange or the
@e-.aE tendency in New York exchange
Ell interior points At Chicago New York
eyc4auge fell TO par, after having ruled
Fl fory cents premium last week.
b g'EtE CASH FOX CRESCENT CHI l.
More than half nu.lion dollars was
tgai1 transferred TO New Orleans to-
dgl $4,000 was paid out by the Sub
Treasury on transfer of Alaskan gold
from san Francisco. Yesterdays heavy
customs collections, coupled with the fall
ing of in pension payments, has resulted
81 wtping out of the Sub-Trea sEry's
ezrlier contribution to the money market.
Money is also rising in london, and there
were continued large transfers by cable
30 thai center to-day.
There was we'll distributed activity in
chg bond nlarret, but the price move
alent was rather irregular. Total sales,
pa~ value. Sl.oS0,0 600 United States new
IS advanced Ia, and the old IS 1-2 per
cert. on the last call
Total sales OF stocks, 353 900 shares.
NJ. %EY AND EXCHANGE.
close: Money on call firm at 6@1o per
cent; closing offered at 6; time money
srmert sixty and ninety days and six
months. 9 Per cent; prime mercantile
gzper. 6 Der cent,
Sterling exchange firm, with actual bus
mess IN bankers bills at S4-S6.75 for de-
rnaad. ard al Si.S3125 for sixty days:
pczted rates, $4.s4 and S..Sz IL; CONNER
"a! bills S4.S3 1913 IL
Elr silver, g Is. Mexican dollars.
government bonds strong: railroad
&c sy-r-ac