Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-02-01
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.

| NEW 1Ofth, january ol.-lO-udy
stock market was more active anC
broader than at any time since the
| present upward movement began, but II
was exceedingly uneven. and SONS
prominent stocks in the list show net
declines. The market ignored the heavi'
ness of some of last weeks speculative
favorites and other stocks were taker
up and pushed aggressively. There was
very obvious realizing in New York Cen
trail. Lake Shore, Rock Island, and
Sugar.
The leaders of to-day's advance were
Chesapeake and Ohio, Cleveland, Gin
cinnati, Chicago, and st. Louis; Louis
vile, Pennsylvania, and Northern Paci-
fc preferred. The first two named were
affected by the published rumors that
an amalgamation was in prospect SINH
lar to that projected for the New York
Central and Lake Shore. There was
quite a large demand reported for
Chesapeake and Ohio for London ac-
count, which was attributed to the pres
ence in London Of a prominent attorney
for that company. Other properties were
under similar control TO a large extent,
and shared more or less in the strength.
Northern Pacific preferred continued
its remarkable advance. and touched %
during the day. Confident assertions
that an additional dividend was immi-
nent accompanied the advance.
Louisville continued to enjoy the adj
vantage of the reports OF a reminding
plan nearing completion.
The strength OF Pennsylvania was said
to be due to the operations Of a pool,
which are based on the assumption that
the stock has not enjoyed a rise COM
mensurate with that Of other trunk
lines which are no better situated.
The sharp rise in Baltimore and Ohio.
which, at the highest amounted to 3 is,
was unexplained by any news OF the
day.
Strength in a number Of the Industrial
specialties, notably Tobacco and Leather
preferred, the advances of some or the
high-priced investment stocks, and the
strength OF the Coalers, due 10 the pre-
valent cold weather, helped to sustain
the market and the continued large abb
sorption Of railroad bonds was an adj
ditional factor. The tone of the Changers
was heavy all day, with the exception
of Burlington, which rose at one time
over a point, and Of Northwest and
Omaha, which moved in sympathy with
the Vanderbilts.
There were several halts during the
day due TO the taking of quick profits,
and the trading closed with very gene
raj movement to that end, which en-
braced all the strongest and most active
stocks, cutting down their extreme gains
in all cases. Sugar lost nearly all OF It's
early advance.
London was both a buyer and seller In
this market, and Union Pacific and 81.
Paul felt the adverse effect OF this selling.
Commission house business was on
large scale.
Business in the bond market was
also on a very large scale, Kansas Pacific
consols, the Union Pacific and Atchison
issues and the Texas Pacific I'd being
in special demand. Prices are higher all
around. Total sales. S6,3iO,OOO.
The United States new As, advanced
IA bid and the SIS. coupon, Is.
The total sales of stocks were 5I4,lOo
shares. including Atchison. $500; BATH
more and Ohio, 5,6l3; Chesapeake and
Ohio, 1899; Chicago. Burlington ana
Quincy 2S 7O5; Cleveland. Cincinnati, Chi
cago and 81. Louis, 500; Louisviiie anu
Nashville. &c, fJ2; Manhattan. 2,9l5; Read
ing first preferred 1856; Missouri, Kan
sas and Texas preferred. 4,775; New York
Central, 22,l9O; Northern Pacific, 25I50;
do. preferred, $685.. Northwestern, 1'lo.;
Reading. $500; Rock Island, 6,e4O; 81. Paul
% 200. Southern railway preferred. $50;
Union Pacific. $3.50; American Topacco'
le1S5: Chicago Great Western 5,56o;
people's Gas. 2G. 45O: Sugar. 1865; United
States Leather preferred, 5,44o.
MONEY AND EXCHANGE.
sP. M.-Money on call easy, at l-2p
. per cent; last loan at / "a per cent;
mime mercantile paper. Sa4 per cent.
Sterling exchange steady with acrual
business in bankers bills at si.a 90 TOT
demand and a.s2 1-2 for sixty days; post
ed rate $4.S3G$4.S3 1-2 and A.S l-2qSiSo;
bills. A.Sz
silver certificates. Sc 1-2@57 81. Bar Sill
YER x1-2. Mexican dollars, 10 Ia.
Government bonds strong. state pohds
dull. Railroad bonds strong.