Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-20
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsi-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.
and Domestic.

NEW YORK, January 1.-THE market
for stocks to-day improved in tone and
activity as the day wore on, and at the
close the general list showed fractional
Improvement while in some cases there
was a rise Of from 1 to ? - points. The
close was strong. at the best prices of
the day. The extreme ease Of money,
calls loans being made at as low rate
as l-2. was a potential influence in the
markets late strength. There were seye-
raj other beneficial features in the news
Of the day. The weekly earnings Of
railways IN nearly every case were net
increases running up to $4,000 in the case
Of Chesapeake and Ohio and $4,000 in
that Of Louisville and Nashville. The
Sl5,COO.0OO Illinois Central terminal bonds
were considerably oversubscribed. These
facts, together with the action Of the
House Of Representatives at Washington
i'm sustaining points Of order against
Cuban resolutions. causing a rising tide
in quotations, traders taking the view
that legislative action in behalf of Cuba,
for awhile at least, is improbable.
Washington reports regarding the cur
rency question had little influence on the
London market for Americans" and
Berlin and Frankfort were reported as
taking an apathetic view of the subject.
The transactions in Sugar and North
ern Pacific were in considerable volume.
Sugar rose on street gossip that II was
time for a resumption of the bull cam
paign in that speciality Northern Pa
cifc left off at ! rs advance, on hopetul
expressions regarding the earnings by
friends of the property. There were
vague rumors of the likelihood OF an Ell
fort to secure legislative permission for
the consolidation of local gas companies.
and Consolidated Gas rose sharpl! ana
retained part of the gain.
Mobile and Ohio advanced II. This
was attributed to conditions which led
10 the subsequent announcement Of /
per cent. dividend. Pittsburg, Cincin-
natl and St. Louis was strong on favor
able December earnings.
The Changers and local transportation
stocks shared in the days appreciation
of values. Oregon Navigation was up
points; Oregon Improvement Trust Re-
ceipts. 21-S; oregon Short Line, %;
Northern Pacific. / rs; the preferred l-o;
and Union Pacific trust certificates IL.
Other notable gains were i@dSlSn' po'
preferred. I1-2: New York, Susquehanna
and Western, IL; Pittsburg. Cincinnati
and St. Louis, IA; do. preferred, L.
and Tennessee Coal and Iron, 3-S. There
were no important losses
The bond market maintained falr de-
gree Of strength, with transactions large
lv centred i'm the speculative liens. the
aggregate sales were $4,000. Govern
ment bonds showed an easier tendency.
The total sales Of stocks wero 2SL6o
shares. including Chicago, Burlington and
Quincy. II $50: Manhattan L.. 3,seo; Me-
tropolitan Traction, 7.75o; Missouri Pa
ciic 600: New York Central. 129o; North
arn Pacific. A.. $50: do. preferred. ., 1885, ST.
paul SIPS: Union Pacific, 2l05; Chicago
Great western, $50; Peoples Gas lO'l6V;
Sugar, 4l.G09.
MONEY AND EXCHANGE.
Money on call. 1-2N2 per cent; last
loan at per cent; prime mercantile pa
per. 3G3 "a per cent. IA,
Sterling exchange dull and easier. WIN
actral business in bankers bills al Sl.S4 IL
GS4H1-2 and $4S30$Ls5 3-S for sixty days;
rosted rates. AS30$iS3 - and $3.50 la
q 81. commercial bills, A.a 81
silver certificates, So l-2ao' II; par Sill
,,er re2-s: Mexican dollars, 4j Il.
covernment bonds weak. State bonds
a,,u railroad bonds firm.