Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-07
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
rrfces OF Money, bonds, Stocks,
Grain, Tobacco, Cotton, Cattle.
Country Produce. 60, Foreign
and Dsmestfc.

NEW YORK, January 6.-To-daY's stock
market was broad. animated, and strong
throughout. and gains were maintained,
with only insignificant reactions at long
intervals. The buying was on p very
large scale, and was aggressive and con-
ident. A number of prominent opera
tors were i'm the movement, and their
combined takings made up large share
of the total transactions for the day.
But there was manifest an outside in
terest in the market. which was awaken
ed by yesterdays strength. and the COM
misson-house business was on a fairly
large scale. The investment demand for
safe dividend-paying stocks and the
heavy buying of bonds were also evil
dences of an infusion of new life into the
market
1t is likely that these dealings were
due to the large amounts made available
for investment by the January dividend
and interest disbursements. Most OF
the dealings were professional, neverthe-
less. and they seem to have been incited
by the very confident expressions OF one
OF the largest operators in the market
who was In large part the leader or last
summers rise. Some OF the most no.
table gains were achieved early In the
day. and were quite firmly held through
out. even i'm the face Of very large trans
actions There was a suggestion or real
izing i'm this. but all offerings were well
absorbed. and the closing was only slight
Nv below the best and showed net gains
of between l and 2 points for nearly all
active stocks.
Prices for American securities were
good in London and on the Continent Oh
Europe to-day and gave an impetus 10
the rise at the opening here, the inter-
national stocks being the first TO advance.
Reports on the settlement of differences
on the rates from the West also helped
on the rise. The Coalers all enjoyed
marked gains. on reports of Increased
business and better prices. Continued
strength in Sugar also helped TO sustain
the market -
The recently prevailing tightness Of
money showed the first decisive tendency
toward easier rates to-day, and while
most loans were made at 31-2, the rate
Welded to per cent. and closed at tnat'
There was a better demand reported, also,
for commercial paper. though 1t was not
sufficient to cause a yielding OF the rate
which continued at 31-244 per cent. lot
choice grades. There was some outstand-
ing short interest in the market, ana the
covering Of this helped on the rise.
TIE bond market was even more ac-
tive and stronger than stocks, ana some
notable gains were scored. There were
two transactions Of 100000 par value one
in BROOKLYN Transit SIS. and the other IN
wabash frsts. Commercial Cable as
gained 31-2; Susquehanna and western
general SIS. 21-4; Missouri Pacific col
lateral trust SIS. 2, and Mobile apd ONO
as 13-4 Total sales. S5,O9OOOO. Govern
nent bonds were IA higher all around.
The total sales of stocks were SO. ouo
shares. including Atchson preferred. $500;
Chicago. Burlington and Quincy, z6'viV'
Manhattan L.. 25,220; Metropolitan Irac-
tion geo: Missouri Pacific, $3.50; New
work. central II .725: Northern Pacific pre-
ferred % 2S2; Reading 1890; Rock Island,
o 2o5: ST Paul. 26,o95; Union Pacihc, lfzio'
chicago Great Western, $3.50; People
Gas. $50; Sugar, 1850.
MONEY AND EXCHANGE.
Money on call firm at SqS1s per cent;
last loan at per cent; closing onered at
902iL per cent; prime mercantile paper
3lkfi4 per cent. IN, oo.,oI
Sterling exchange strong, with actuai
,,,,einess in bankers bills at A.So4ASoh
Cor demand. and Si.2%uS48 Tor Sky
davs. posted rates, sisSlga$4S6; CONNER
cial bills. SS2. -,,..o~
silver certificates, 57ilQ57ss Bar SILVER
5e7L Mexican dollars. i5l2
Government bonds strong. STATE oo"NS
dull. Railroad bonds strong