Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-11
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.

NEW YORK. January 10.-There was a
halt I'm the bull movement on the Stock
Exchange to-day, the upward course OF
prices meeting with some obstacles. The
buoyancy manifested by some special
stocks was not sufficient 10 overcome the
general tendency entirely, and prices, as
rule, are somewhat lower. There was
some pressure TO sell on London account,
and prices of Americans were lower in
London before the opening here. There
was a disposition reported from that CEN
ire to take an unfayorable view Of the
future of values in this country. There
was also some selling to realize, on a con-
tinuance Of Saturdays prices.
The readiness OF traders to realize gave
weight to the opinion Of some profess
SIGNALS that the technical conditions were
not good at present for prolonged rise
This opinion is based on a belief that
large lines Of stocks are already in the
hands of spectators, awaiting a rise.
These holdings IL is argued, might be
dislodged by slight reaction. and passed
to the hands of large combined interests
Doubtless. the fear Of some such manoeu-
vre caused some of the smaller operators
to pause to-day 1t also gave confidence
to those who sold some Of the leading
stocks quite aggressivey.
The market was, however, dull, as COM
pared with the latter part of last week.
The recent activity Of Cleveland Lorraine
and Wheeling, one Of the few Ohio coal
roads 10 escape a default on its obliga-
tions, was extended to-day to Hooking
Valley and Wheeling and Lake Erie. The
common stock of the former rose over a
point and the preferred over points.
Wheeling and Lake Erie stocks also adj
vanced materially, but moved in quite
an cratic manner. Tennessee Coal was
strong. apparently in sympathy with this
group. Illinois Central was in demand,
on the strength Of it's statement, which
showed an increase in gross earnings in
December Of nearly $4,000, and net for
November of $4,000, as compared with
the same period last year. The buying
of Northern Pacific stocks was also very
heavy. blocks running from 1000 20 1900
shares. changing hands quite frequently
As a result. the preferred closed 3-S
higher. at 81 81, which is new high re-
cord.
There was disappointment, in view Of
Saturdays bank statement, at the con-
tinued frmness- Of money, which did not
loan below 3 per cent Foreign exchange
also continued firm.
The bond market was quite active to-
dav. and prices held firm I'm the face or
some realizing in the speculative issues.
Total sales. S3.575 coo. United States old
Is coupon. are Is lower bid
The total sales Of stocks were $4,000
shares. including Atchison preferred, 5.O9f;
Chicago Burlington and quincy, 1878;
Hooking Valley, 6115; Illinois Central
es. Manhattan. 1906; Hawaiian Com
mercial Company. $3.50; Missouri Pacific
g go. New York Central. 1920; Northern
Pacific. 1863: do, preferred. a,7O4; Rock
island. 1850: St. Paul, 1915; Union Pacinc
90: Union Pacific. Denver and Gulf,
$3.50; American Tobacco. 6.3Sf; chicago
Great Western. 9476; Peoples Gas, $3.50;
Tennessee Coal and Iron, 6,O53; western
Union. G.G56; Sugar. $3.50.
MONEY AND EXCHANGE.
Money on call steady at 3d3 IL per
cent: last loan at 8 per cent; closing OF
fered at 21-2GS per cent; prime mercan-
file paper. 3 1-2G4 IL per cent
Sterling exchange firm, with actual
business in bankers bills at AS Is FOR
1or,,and and s4.S2 3-41Si.S3 for sixty days;
nosted rates. S4S3 l-2a$LS6; commercial
bills. s4.S2. -o D. .u..or
silver certificates. 81 lass. Bar silver,
r-1-e Mexican dollars. 40 81
Government bonds easier. state Donds
am railroad bonds strong.