Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-27
MARKET QUOTATIONS
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds, Stocks,
Grain, Tobacco, Gotten, Cattle,
Country Produce. &C., Foreign
and DCmestic.


NEW YORK, January 2.-It the
strength in yesterdays stock market
was TO be attributed to a natural re-
covery from the scare caused by the
Names departure for Habana. ;here
could be no doubt Of the underlying
strength and breadth of to-day's market
for securities. The Maine incident has
in fact been converted into an actual
bull factor in the stock market. the ex-
change Of courtesies at Habana being
looked upon as promising more toward
countries than anything that has yet oc-
CURED.
The movement of to-day's market was
broad and deep. and left no room to
doubt that the large interests were ALB
sorbing securities with great confidence
and on a very heavy scale. Purchases
of 1,OOO-share blocks were frequent in
leading stocks all through the list, and
there were a number of transactions in
bonds in which 10000. par value,
changed hands in one block.
Almost every group of railroad pro-
perties I'm the market was represented In
the advance. the continued heavy buying
Of New York Central and the NanderDllts
being the decisive influence on the mar
ket. as for some time past. The Gran
gers. the Southern group, the SOUTH
westerns, the Coalers, and the klondike
group all developed advances or from
nd va nTH
ferred rose 3 points, on rumors Of an
approaching dividend declaration, ana
New York Central at one time added
nearly 2 points TO yesterdays gain. Lake
Shore rose Az. OF the Changers, ROCK
Island WAS the leader. with a rise OF Zl2,
and all the leading members of the group
rose over a point. Reading. first pre-
ferred. was in the van of the Coalers,
with a rise Of 2lz. -.
Similar sharp gains were scored all
through the Industrial list. The group or
New York corporations was an excep-
ton. and showed signs Of heaviness.
London continued a large factor, though
its purchases were probably not as large
in this market as was the case yester-
day.
The exchange market reflected the tur-
Their effect of this development, with a
sharp drop of 3-S in the actual rate Tor
demand sterling, bringing it down 20
A.Sfh. This is the point which fas
started the two last import movements
of gold. and there was talk in the street
to-day of gold imports. This would be
the more remarkable, in view OF the
hardening tendency OF money rates
abroad and the continued ease here.
The local money market showed no ef-
feet from to-day's surrender by New
York banks of the first 10 per cent. IN
stalment of the government deposit on
account of the Union Pacific sale. rms
transaction resulted in practically wlplhs
out the Sub-Treasury debit balance at
the clearinghouse to-day, which had
heen running recently at from over half
a million TO nearly a million dollars a
day. ,
The dealings in bonds were large, ana
the prices very generally improved. The
Kansas and Texas securities were most
active. and gained 2 per cent. Totai
sales, $4,000.
limited States old AS. coupon, and the
new rs declined Is bid, and the SIS, cou-
pom. advanced Is bid.
The total sales of stocks were 4S6.7OO
shares. including Atchison, preferred
II geo: Chesapeake and OHIO, 5,5so; Chl-
cago. Burlington and Quincy zl,o'o'
Louisville and Nashville, s'SD' anna.
tan l.. 1920; Reading, first preIerreu'
g.S3e: Missouri, Kansas and Texas e'o5o'
do nreferred. 2S.92O; North American,
S.sse; Northern Pacific. 1910; do. pre-
ferred "a. go: ontario and Western. 1920;
Reading. 1905; Rock Island. S2,l2; 81
paul. 29.l50; Union Pacific, fi,OiO; Chlcaso'
Great Western. $3.50; Peoples Has' lV'n"'
Laclede Gas. $500; Sugar. H,s'L.
1910. Avn LNTH ANGE
. p. M.-Money on call easy at liza
o 80 cent last loan at 81 per cent.
nrime mercantile paper, SqSS-4 per cent,
sterling exchange weak, with actual
business in bankers bills at S4.Stl-i for
demand and si.s2 1-2as4.S2S- i for sixty
DAYS posted rates, stS ana A'@ ~ ana
"a &, i-90slss: commercial bills, $tsl 81.
cilyer certificates. Sc l-la5I 1-3; bar Sill
ver &c s-S: Mexican dollars, 4fS-f.
Government bonds weak. state ponds
dun Railroad bonds strong.