Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-14
MARKET QUOTATIONS
REPORTS FROM ALL GREAT BUsI'
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds. Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce. 60, Foreign
and DomesIc.
and Domestic.

NEW YORK, January 13.-The stock
market was under more-or less pres sure
to-day on account Of the news from
Habana. There was heavy realizing at
times. and some aggressive attacks by
the bears. A number Of large operators
recently on the bull side changed their
views. and sold stocks to-day, and the
impression on the market would undoubt-
eddy have been much more serious had
il not been for the remarkable strength
ana buoyancy Of several of the Wander
bilts. This strength arrested the liquida-
ton and steadied the market. and the de-
clines afterward in the general list We're
not large, even when these stocks them
selves reacted on proGt-taking.
The declines at the opening were
checked also by the execution Of COM.
mission-house orders which had accumu-
lated overnight These were the princi-
pal causes that neutralized the undoubt-
eddy serious view Of the situation in
Cuba, and its bearing on the relations
between the United States and Spain.
which is held in Wall street There was
no news TO account for the buoyancy Of
the Vanderbits beyond vague rumors Of
an intended change Of policy in admins
tration, looking to the reduction of ope-
rating cost and an increase in dividends
The extreme rise in Lake Shore reached
4 points. and there was az much in New
York Central. other members of the
group gained all the way from 1 to :
points
There was quite a large dealing in some
of the other hgh-priced investment
stocks. Pullman rising points and Great
Northern preferred 4 points. Some part
of these transactions was probably de-
signed TO test the volume Of offerings
which would be invited by the advance
in prices.
Sugar was the central point Of weak
ness i'm the market, and liquidation in it
was very heavy. The price was down
ii at one time. and the bears put cut
short lines Of the stock on a large scale.
Their buying to cover was the effective
cause of wiping out the decline.
The Changers and the recent specula-
tive favorites. Union Pacific, and North
ern Pacific. suffered from profit-taking.
London sold in this market. whether
with view TO taking profits on yester-
days purchases or owing 10 disquiet over
the Habana incident YVES not clear. Net
changes i'm prices generally are on the
side of losses.
Dealings in bonds continued large,
though in somewhat reduced volume.
Marked gains were shown by some Of the
high-grade bonds. Total sales. 900.
United States new As. coupon, were Is
lower bid. do, registered, II lower, and
the rs. - lower.
The total sales of stocks were 5i3.900
shares including Atchison preferred OBS;
Chesapeake and Ohio. l2.2l6; Chicago, Bur-
lington and Quincy. 2i545; Louisville and
Nashville. 6.5l5: Manhattan, %. $50; Metro
politan Traction, $500; Hawaii CONNER
cial Company. 6,10O; Missouri Pacific,
$40: New York Central 1880; Northern
Pacific. Is. 4S7; do. preferred, 81 40; Rock
Island. 7,5i5; ST. Paul. S2n5; Union Pact
hc. %. lO5: Wabash preferred. 965; Chi
cago Great Western. ESQ; Sugar, $3.50;
Tennessee Coal and Iron, 7l75.
MONEY AND EXCHANGE.
Money on call steady at 2n2 81 per
cent: last loan at 21-2 per cent; fime
mercantile paper. 3 1-iH4 If per cent.
Sterling exchange steady, with actual
business i'm bankers bills at A.o5 for de-
mand and SLS2 l-20S4S2 81 for sixty days;
posted rates SlS}G$iS3 ID and $Lsj la
a Sc: commercial bills. Si.s2.
silver certificates. 81 3-i4JS -; bar sill
yer. 81 "a: Mexican dollars, as IL
Government bonds weak. state bonds
dull. Railroad bonds strong.