Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-15
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
xEss CENTRES OF THE WORLD.
Prfces OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle
Country Produce, &C.. Foreign
and Domestic.

NEW YORK, January H-The course
Of to-day's stock market was decidedly
irregular, and somewhat perplexing, so
far as a perception OF the general tone
of speculation was concerned. AS tbe
day progressed the lack of sustaining
power in the strength Of special stocks,
which had been the marked character
istic of the market for several days past.
came to be more and more felt. The
disposition to watch closely for signs Of
a reaction became more marked, and the
final hour saw a very general throwing
over Of holdings by professional traders
There was no special news to account
for the break and it was probably due
for the most part. to technical condi-
lions. Stocks which have been recently
prominent for strength were conspicuous
in to-day's break by reason of profit
taking.
There was a feeling OF more or less I'M
easness also, over tina tone OF the news
from Habana in regard to what Is ex-
pected rather than what has happened.
The fear that the Spanish Governments
scheme OF reform IL on the point OF
breaking down Is coupled with the appre-
hension that the time is imminent when
Intervention by the United States TO save
the island from anarchy will be impera-
tive.
The persistent weakness Of Sugar,
more or less dominant factor, by reason
OF the volume % trading in II. also sp>>1-
ed TO break the market. The opening
strength was due to the somewhat fever
ish demand for local Traction stocks,
due TO special causes, and 10 the execu-
ton OF a large volume Of buying for Lon
don account Prices came higher from
London at the opening, ana probably
10000 shares OF the International stocks
were bought for London account There
were also commission-house orders for
investment demand.
The proft-taking invited by the ad-
vances in special cases only served TO IN
crease the late weakness Of stocks. which
had failed to benefit from the early
strength. As a consequence, there was
a very general break OF about point.
Covering Of shorts served TO retrieve part
OF the decline, but net losses Of point
or over are frequent all through the
list.
Money tended TO become somewhat
easier to-day without any actual change
being made In the quoted rates for call
loans. There was a brisk demand how
ever. for commercial paper, which drove
the rates down 10 range OF to
per cent. for the choice grades. To-
morrow's bank statement will show a
large increase in the cash holdings.
The bond market was active early In
the day. but became less active and re-
acted slightly in the later dealings. Union
Pacific and connecting line issues were
strong. Seattle, Lake Shore, and East
ern first trust receipts rose IL per cent,
but lost part of ii. Other active issues
showed gains. Total sales. si.2e0,OoO.
United States new As registered were
is lower, bid; do. coupon and the old AS.
registered Ia lower, and the rs IL
higher.
The total sales OF stocks were $4,000
shares. including Chicago, Burlington and
Quincy. 2l.gOO; Louisville and Nashville,
S325: Manhattan L.. 1920; Michigan Cen
trail 1915; Hawaiian Commercial Com
many 800: Missouri Pacific. $3.50: New
York Central. 24.251; Northern Pacific.
Il $40: do. preferred. 20.l97; Rock Island,
1850: ST. Paul. q sos; Union Pacific. 42,55O;
Chicago Great Western II 050i Peoples
Gas, 300; Sugar. CLIO.
MONEY AND EXCHANGE.
Money on call easy at 21-2a2 "a per
cent: last loan at 21-2 per cent; prime
mercantile paper. 3n4 per cent
Sterling exchange heavy with actual
business in bankers bills at N.a S-lqS4&
for demand. and sLS2 i-2asi-@5 "a for
sixty days; posted rates. A@uAS -
and A.& i-2asis6; commercial bills, A@
silver certificates. 81 i-2q5S IL. Bar sill
YER ISIS. Mexican dollars. 4G 3-S.
covernment bonds weak. State bonds
duh. Railroad bonds strong.
BANK CLEARINGs.
rho total bank clearings in the United
c.ates for the week were sl.4aSO02.i 29; per
cen, increase. 37.6; exclusive OF New
york 1858 49,, 643; per cent. increase. go