Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-23
MARKET QUOTATIONS.
REPORTS FROM Ale GREAT nUsI-
HEss CENTRES OF THE WORLD.
Prices Of Money. Do.as, Stocks,
Grain, Tobacco, Gotten. Cattle.
Country Produce. Ae- Fsreis.
and Domestic.

NEW YORK. January 22.-The trading
In stocks to-day was OF small proper
Sons. even for Saturdays brief session.
The market generally left OFF with a
steady tone, at slight recesslons in value
NO outside interest was apparent, and
room traders transacted most OF the busl-
ness. The stock market for the week
In most cases has resulted I'm fractional
declines. The favorable factors in the
situation outnumbered the others, al
though the disturbing features were -
garded as OF greater importance. Among
the grave affairs In the situation from
the speculative standpoint were the New
England cotton strike, the possibilities in
China and Cuba. and the consideration by
the Senate of the resolution that govern
ment bonds may be paid in gold or sill
ver While no radical legislation at this
time was expected concerning either sill
yer or Cuba, the professionals made the
most Of the situation, with a view to
bringing about a reaction, and were par
TALLY successful. At the same time. the
foreign markets were overshadowed by
the possibility of the European Powers
becoming embroied over China.
On the other hand there was much to
justify an optimistic view on prices These
were satisfactory trade conditions, i'm
mense Increases I'm railroad receipts,
large exports, the scarcity of failures in
the commercial world. easy money, and
the fact that over four fifths of the Illi-
nois Central $15.000.00O bonds bad been
taken for domestic account Egypt and
Russia. usually the sources of supply for
Europe, were reported to be importing
American cotton. Money at this centre
was quoted lower than in almost any
other part OF the world, and this alone
was supposed to indicate gold imports
at a season when sterling exchange
usually rules pretty strong Money con-
tinues to gravitate here from the in
terror of the country, the banks gaining
over 900 last week. The break in
the money market was largely due to the
continuance of the governments deposits
Of Union Pacific money in the banks.
FEATURES OF THE WEEK.
The Klondike. Sugar and local cor
porations, including Gas and Traction
shares. were the attractive features of
the week, at times showing buoyancy,
but with manipulation ever present. The
Changers and COalers generally ruled
heavy. Railroads located In the extreme
northwestern and western sections of the
country largely discounted the expecta-
ton Of increased traffic resulting from
the prospective emigration to the newly
discovered god-fields where they would
be dependent largely upon the United
States for supplies. There were improve
ments ranging up to per cent. in Oregon
Navigation stock, and IL in Oregon Inn
provement consols.
Conflicting advices regarding the proba-
bic success of the Hawaiian treaty were
reflected in Sugar. Other influences bear
ing on the speciality were statements re-
garding the position of insiders as to
whether they had been acquiring the
stock or favored further decline. After
covering a range Of nearly points, Sugar
closed with IL improvement.
The extraordinary rise since the munich
pal election in Metropolitan Street Rail-
way was continued. the advance for the
week being IL "a per cent. This was ac
counted for by published statements Of
increased traffic, owing to the compile
ton Of extensions of the system. but
manipulation was very prominent in the
dealings.
The bond market for the week displayed
a striking degree of strength in special |
cases, which embraced liens OF companies
operating in the Pacific Northwest. Some |
interest was attached to speculation In |
Seattle Lake Shore and Eastern Ist. !
owing to the fight for control Of the pro-
perty by two leading railroad systems,
which was reflected in an enhancement |
of IS "a per cent. in the price Of the issue. |
The transactions for the week were |
800 271, 900. Government bonds ruled a |
slight concessions generally throughout. |
The total sales of stocks to-day were |
$4,000 shares. including Chicago, Bur |
lington and Quincy, 5000; Manhattan i. |
16, $50; Metropolitan Traction, 6,l15; North
ern Pacific $50; Union Pacific, 5000; Peo-
pies Gas. $40; Sugar, 1904
MONEY AND EXCHANGE.
Money on call easy at 1-2q2 per cent; |
last loan at 2 per cent; prime mercantile |
paper, 363 ga per cent.
Sterling exchange steadier, with actual
business in bankers bills at A.Si "a for |
demand and Si.S2 ga for sixty days; |
posted rates, AS3ds4.S3 II and $i.S 1-20 |
sls6; commercial bills. Si.S2.
Silver certificates, So 1-2057 1-2; bar sill
YER. Sc 1-2; Mexican dollars. 40.
State bonds quiet. Railroad bonds
easier. Government bonds steady.