Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-08
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT Dusi-
NESS CENTRES OF THE WORLD.
Prices of Money, bonds. Stocks
Grain, Tobacco, Cotton, Cattle
Country Produce, &C., Foreign
and Domestic.

NEW YORK. January THE market
for stocks to-day did not differ materially
from that of yesterday. The aggressive
bull mood Of the speculative world con-
tinued in full force, and all the large pro-
fessional operators were buyers of stocks
That they were re-enforced by marked
addition Of outside interest was shown by
the large number OF orders IN speculative
stocks placed through commssion-houses.
There was also a continued absorption OF
bonds Of all descriptions. very heavy or
ders being placed I'm the high-grade is-
sues. as well as in the speculative issues
and interchangeable bonds. The pressure
for reinvestment Of funds which had been
released by the January dividend and in
terest payments was very obvious. There
was also a marked weakening or the
rates for money, notwithstanding the
lively character Of the speculation. Ell
forts were made by the banks and money
lenders TO keep the rate for money as
high as 3 per cent. Loans were in fact
placed at 49, per cent. but the rate sagged
off to 2 per cent, and the last loan OF the
day only commanded 2is per cent. owners
of money were also lively bidders LOT
commercial paper. This served 10 stiinu-
late the speculative Juror which seems 10
have broken out. London was quite a
large BUYER i'm this market of several or
the international stocks. notably Union
Pacific and Louisville and NASHVILLE
The most conspicuous movement IN the
market was that in Susquehanna ana
Western securities. due TO the reported
,f 40
Erie interests The fears OF minority
stockholders led to an unloading Of their
holdings. and a slump Of points IN the
common stock. without recovery, and OF
points In the preferred. with rally or
over a point in the latter. The bonds OF
the company were very strong, on tne
belief that they would be guaranteed ny
the new controlling company. This break
caused a sympathetic weakness in all the
Coalers. and the mild weather worked 10
the same end. The bitumlnous coal-roads
on the other hand, were notably strong.
some of the leading railroad stocks show
some net losses. but this tendency was
more pronounced I'm the recently AcuVe
stocks of local corporations.
The realizing Of the last hour invited
bv the DAVIS notable rise affected the Spe
cialties most. but IT'S effect was quite
marked throughout the list. reducing th'
| davis net gains quite sharply In som'
/ cases. Net gains outside the Coalers an6
| a few Specialties extend all the way IRON
a fraction 70 over point.
The bond market continued very nota
| blv active to-day. and large number o
issues show gains Of over 1 per cent
Total sales. s4,550,0C0. United States Ok
as registered. were Is higher bid, an'
| the new IS were IA higher.
The total sales of stocks were 4iS'~
shares. including Atchison preferred
1000: Chesapeake and Ohio 6,66o; en-
cago Burlington and Quincy. S3'b''
Louisville and Nashville, $3.50; Manhatta
I, Is 1853; Reading first preferred, 6'SV
Missouri Pacific. 1855; New YORK, ;. an
Nv nreferred. $500: New York Contra
* az. Northern Pacific preferred, SOB
Rock Island. 12.OSO; st. Paul, Zo5loi bnlo
pacific 2L7iO; American Tobacco, l9'oS,
chicago Great Western, Iooo People
Gas 200: General Electric. 1888; Pacin
Nail 900: Sugar, 2S,S26; Western Unioi
1879. ,,,,cr,,>-r1s
Money on call easier at 2uSis per cent
LAST loan. 2ik per cent; closing onerea
oiL02b per cent; prime mercantile p"pe
cteriing exchange firm, with actual pus
ress In bankers bills at ASob lot q
rnand. and A.s27s for sixty days; pos' :
rates 81 Ssia6S4S6; commercial Dilis, gro
silver certificates. 57h49s Bar sil'e
II Mexican dollars, 4o94 CO. -,
Government bonds strong STATE Ooh'
d,,u railroad bonds strong.
NEN YORK STOCK QuoIAIiOS,ss:, o,s