Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-30
QUOTATIONS.
REPORTS FROM ALL GREAT pusr-
NESS CENTRES OF THE WORLD.
Prices of Money, Beads, stocks,
Grain. Tobacco, Cotton. Cattle.
Country Produce, &C., Foreign
and Domestic.
and Domestic

ing the stock market to-day looked as
though the orders accumulated by COM
mission-houses overnight were to sell, In
order to take profits First sales were
very generally at a fraction below last
nights price. and 5000 shares OF New
York Central, thrown on the marker,
drove the price of that stock down IS.
The market steadied almost Immediately,
and recovered gradually to above last
nights level, the net gains being, how
ever, very unequal. Lake Shore was most
conspicuous In its movement, rising 61-4.
to 1si H. on tie reported plan to ex-
per cent debenture bonds for each $40
OF Lake Shore stock.
Another strong element In the market
was Louisville. which advanced over a
point, on reports that plan for refunding
obligations at lower rate Of interest
was under consideration. This stock was
the leader of The market in point Of ac-
tivity. Northern Pacific (preferred) con-
tinued to advance, on well-defned rumors
that an additional dividend is in prospect.
Denver and Rio Grande (preferred), North
west. and a number of less prominent
stocks also showed notable gains. These
elements OF strength served 10 sustain
the market. and TO counteract some ten
dency TO sluggishness and heaviness in
the general list. so that net gains were
achieved in most stocks though they are
small. outside of the special cases men
toned.
Quotations from London this morning
0hn In ha Of
for Americans there, which was attrib-
uted TO the apprehension awakened In
the British mind by yesterdays vote on
the Teller resolution in the Senate.
REVIEW OF THE WEEK.
The week opened with a continued ten
dency toward a reaction, and the hesi-
tating tone in the early dealings on Mon
day gave way TO very positive weakness
upon the announcement that the Maine
had been ordered to Habana. This sharp
decline seemed to clear the speculative
situation, by giving the shorts an oppor-
tunty TO cover, and by shaking out the
narrow margins Of holders who were re-
garded as a menace to the success OF any
movement for an advance. The character
OF the buying at the decline made II very
evident that powerful interests were
taking up heavy lines of stocks with con-
fidence, and their aggressive manipula-
ton for an advance was evident curing
the remainder OF the week.
The weeks statements of railroad earn
fngs have been, as rule, very favorable.
notably those of Northern Pacific and
Pennsylvania, the latter being regarded
as an especially reliable index Of the
country's railroad business. All OF the
securities of the Kansas and Texas Rail-
way Company have been very strong du-
ring the week. on the improved financial
condition shown by reports for the year
thus far.
The bull operators made use Of reports
in anticipation of the Presidents speech
ON Thursday night, and some Of Fridays
selling was due to realizing upon the de-
livery of the speech. The markets adj
vance was helped very materially by the
large buying for Londohyccount on Tues
day and Wednesday, but the almost
equally heavy selling on the succeeding
iays from the same source made 1t evi-
dent that the speculation was only for |
4 short turn.
The tone of the money market has |
worked easier, Notwithstanding the with |
travail from the banks OF the final 10
Der cent. of the government deposits on /
.ho Union Pacific payments. 1t is averred
hat there is abundance Of money and an
EASIER feeling.
NET GAINS, 3 TO e1-2 POINTS.
Net gains in the general list extend up
q 2 points, and in specialities to Ala In
AXE Shore and 6 1-2 In New YORK Gem
raj. Kansas and Texas preferred, the
yhicaro and Eastern Illinois stocks. Rock
STAND. Northern Pacific preferred, and
Northwest also made heavy gains.
with sales of bonds for the week or
,ar value of over s6,0OOOo0, business In
hat department OF the exchange exceeds
III previous records, both for a week anu
or a month, thus far In the month.
Tho extreme gains have been somewhat
educed by profit-taking. but prices are
materially higher on the week. cnlted
,tates old coupons are 3-S higher BID, do.'
egistered and new AS, coupon, Ia high-
r. and the SIS, Is higher bid.
,,be total sales of stocks to-day were
m 500 shares. including Chicago, Burling-
an ana Quincy, 1876; Louisville and
Nashville. 24270; Manhattan l.. 5l20; MIS-
ouri Kansas and Texas preferred, $40;
yeyy York Central, 20, SEQ; Northern Pacific
raferred 1886; st. Paul, 1880; Union
,ac,fic $50: Chicago Gas, S,O5l; Sugar,
$50.
MONEY AND EXCHANGE.
M0npV
=, Loan at "a per cent; prime mercan-
lie paper, 3Q4 per cent.
sterling exchange steady. with actual
usiness in bankers bills at I:a S-S Tor
emand and sLS2 1-2gt4s2 ga for sixty
ovs. nosted rates, sA.S3Q$i.s3 IL and
{ s i-2as4ss; commercial bills AN l-2@
L2 sr
silver certificates, SC 3-iG57 S-4 Bar Sill
or 5s3-4. Mexican dollars. 45 3-s.
state bonds dull. Railroad bonds nrm.
government bonds irregular
closing stocks.
Isnieon' s.ad ... 81
w ,. eou' ~ s 49,, ....... 10
'c.'Io1 eue ..... S6A
shssa sssssr, ......... 54N
snsx1 Soisn ........... 1915
en'. =, 49, "a ~ -, 49,. 2.k
- 500 ,.....05
,nicsko ~. ..an I'D uInnoy ...... 1924
sicaso' ~ sss.ro Iiitnots ........ Box
hisaR0 sau o. 'on,s .......... 1914
!. O. g. and 81. Louis preferred. ...-..' ,99S,.