Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-25
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES Or THE WORLD.
Prices of Money, Donds. Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce. &C., Foreign
and Domestic.
and Domestic.

NEW YORK. January 2i.-There was
nothing particularly interesting in to-
days stock market. previous TO the recep-
ton OF the news that the United States
ship Maine had been ordered to proceed
To Habana. Until that time the market
was wholly in the hands of professional
traders and transactions were on a small
scale Standard stocks were neglected.
and the securities of the LOCAL corpora
tions which are more or less dependent
on municipal favors were briskly manipu-
lated. Later some of the Vanderbilt
stocks were taken up and advanced
sharply. The general market remained
persistenuy heavy during all this time
but fiuctuated very narrowly, the offer
ings being light, as well as the demand.
In the international stocks. the declines
were hardly as pronounced as those re-
ported from London.
This state Of affairs continued after
midday. when 1t was followed by gene
raj Improvement, the prices OF the ma
jority of stocks having risen shade
above Saturdays close just before the
selling movement induced by the news OF
the Names movements began. This news
was regarded with scepticism at first, and
the market held steady for a time. but
upon the publication of the Associated
Press accounts the liquidation promptly
set i'm. The offerings were not on ire
mendOusly heavy scale. but the demand
was light. and prices fell fast.
The Speciaties which had been marked
ND i'm the morning, and some of the ram
road stocks which have shown the great
est strength recently, suffered the heavi-
est losses on a rush to take profits. Inc
Northern Pacific and Union Pacific were
conspicuous sufferers i'm this respect. In
a few cases reactional net gains were
made after the late decline. but net
losses of between l and points are very
freauent all through the list of active
stocks. including the leading Specialtes,
the Changers. and Missouri Pacifc.
The attitude of the authorities ~ wash
| ington i'm attaching little significance TO
the proposed movement OF the Maine had
| little effect I'm allaying the bearish tend
ency of the market, and with the eXcep-
ton of some sharp rallies in the local
! New York group the market closed weak
and near the lowest
| The notice from Washington that the
! DEPOSITS in New York banks on account
of tba Union Pacific sales would be called
i'm ten weekly instruments, the hrst on
| Wednesday next. was doubtless with the
concurrence and the approval OF the
| hanks i'm which the deposits lie. Inc
| government arranged, I'm the first place
to leave them there. I'm order to guard
against a stringency In the money mar
ket. Their withdrawal now, 1t Is hoped
may give some tone to the market, whlch
had grown quite heavy, WITH a PROBABILITY
~ stiu greater congestion of idle funds
| Saturdays call-loan MARKET however
showed no quotable change.
The bond market showed increasing
weakness as the day advanced. in sym
pathv with stocks. the declines Being
,oarled in those bonds which have show
ed recent strength.
The United States new Is fell u VI the
hid price to-day The calling of the gov
| eminent deposits in the New York banks
| tends TO increase the supply OF govern
rnent bonds by releasing those which nave
heen placed as security for these deposits
rbe total sales OF stocks were lOO,3t
ebares including Atchison preferred, IsZO
| chicago. Burlington and Quincy. Zs,V'o
louisville and Nashville, $500; Manhattan
! "a ZOO Metropolitan Street Railway, H'loJ
Missouri Pacific 500: New YORK Cehllsl
! 36743: Northern Paclnc preieIl'u' 4.'''y
| Chicago Northwestern. 20,S2l; Rock lsla lac
! S.76j; ST. Paul, 2T,75O; Union racine lso-'
| American Tobacco, 400 NhiSaso u,ea'
Xvestern 3 5l5; Peoples Gas. 5.525; Con
solidated Gas. 1925; Sugar, 36.llO.
MONEY AND EXCHANGE.
Money on call easy at l 1-2d2 per cent.
last loan at per cent: prime mercantile
paper. 3d3 "a per cent. IL,
Sterling exchange dull ana heaVy, w WI u
a.. 5sroand and S4S2 5-S1SlS2 "a for sixty
- A., nosted rates. S4.SS4$4& IL anC
as i-2dSlSs; commercial bills, SiS2.
silver certificates, Sc l-2157 IL. Bar si'
se2-S Mexican dollars, Al
Government bonds quiet: state bonds
dull. Railroad bonds weak
NEW YORK STOCK QuorAIioEsS., o.s.