Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-28
MARKET QUOTATIONS,
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Honey Donds, Stocks
0fofa, Tobacco, Cotton, Cattle,
Country Produce, &C, Foreign
and Domestic.
and Domestic.

NEW YORK. January 2L-There were
number of features of aggressive
strength i'm to-day's stock market, but
there were also evidences that the sus-
tanning force Of these special stocks was
taken advantage of to sell out heavy
lines OF other stocks. 10 realize profits.
The centre Of interest in the market con-
tinued TO be New York Central. The per-
sistent advance in this stock is attributed
very generally in the Street to inside
buying. and the reports of pending plan
for the merging Of Lake Shore and New
York Central interests find general cre-
dence. The advance was twice arrested
during the day by reactions. The large
absorption of the stock which developed
before the decline had reached great
lengths suggested the probability that
the reaction was manipulated in the in
terest OF those seeking TO acquire the
stock. Lake Shore yielded IL of its ex-
treme advance of 21-2 before the close.
II is noticeable that the Vanderbilt stocks
for the most part closed below last night
final price Northern Pacific preferred,
Kansas and Texas preferred, and ROCK
Island were leaders, in conjunction with
New York Central
There were not lacking other features
of strength in the market, and the New
York transit companies were conspicuous
for a sudden and sharp advance In the
final hour But, considering the large
volume of business, the small net ad-
vance i'm many active speculative favor-
ties. and the mixture OF losses on the
days business, it must be regarded as
probable that there was large taxing oI
profits by recent buyers.
London had large account in the local
market to-day, and on the side Oh safes
there was a balance Of over 3O,Ooo shares'
There was no news TO explain such
change of front on the part OF the British
financial centre, and 1t can only De ac-
counted for by a significant disposition TO
take ouick profits on q sharp advance.
Sterling exchange responded to the Lon
don selling with a rather firmer tone.
There was no hardening tendency per-
ceptible in the local money market.
The enormous demand for middle-grade
and lov-priced bonds continued in that
department Of the market to-day. Ihe
volume of transactions thus far in Janu-
airy is said to be far in excess OF that TOT
the corresponding period in any previous
year. To-day's business was large, ana
the advance is marked in the low-prlced
speculative issues. Total sales, S,6iOOV.
United States old As, coupon, were l-o
hi.her bid. the new tours IA higher, ana
the SIS. coupon. Is lower 1900
The total sales of stocks were Jo5oo
shares including Atchison preferred A.
150. Chesapeake and Ohio. 6lo5; Chicago
burlington and Quincy, 1884; Erie new
first preferred 1864: Louisville and Nash
vile G. 2iO: Manhattan, 1858; Michigan
Central 1888; Reading first preierreu'
eG5O: Missouri Pacific, 1889; Mlssouii'
KANSAS and Texas preferred, lS,42O; New
york Central, 81 22O; North American COM
many s33O: Northern Pacific, l2,loO; do''
nroferred. $3.50; Ontario and western
g sAo. st. Paul. 20. 40; Union Pacinc. Znz'
chicago Great Western, $3.50; Cnicago
cas- 97l2; General Electric, $751; sugar.
MONEY AND EXCHANGE.
Money on call easy at 1-2a3 81; last
loan. Ss-4; prime mercantile paper Se
33-4. ~. o.,,a, hus,-
sterling exchange firm with actua. Dust
80 IN bankers bills at S4.Si l-2nAS4 DC
-. ae,oand and s4& 1-2GsLs2 3D. for sixty
i - ~ nosted rates, siS3N$i.s3 1-2 and
e. {, i.96s4.s6: commercial bills, S4el l-za
siS2. ,a--,a Rar sill
re MEXICAN dollars. A "a.
Government bonds irregular. stare ponus
duu Railroad bonds strong