Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-29
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BusI-
NESS CENTRES OF THE WORLD.
Prices 81 Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle.
Country Produce. 20. Foreign
and Domestic.

NEW 1Ottk, january ZS.-lO-uay
stock market showed signs OF a struggle
by the bulls to sustain prices while they
were taking profits. They were moder-
ately successful, and sold large blocks OF
the stocks which have been recent specu-
lative favorites. without producing any
marked decline elsewhere in the list.
Northern Pacific preferred is the only
one of the recent favorites which shows
a net gain for to-day, but the declines in
the others were not sufficient to uncover
any large number OF stop-oss orders.
The sharp gains in special stocks at
different times during the day were evil
IDENTIFY due to manipulation for the pur-
pose of sustaining the general market.
This, together with the higher range Of
prices reported from London this morn
ing, kept stocks well above last nights
level during the early part Of the day.
but the closing showed an easy tone,
with prices generally at the lowest.
New York Central was conspicuous, I'M
der realizing pressure after the opening,
and closed 1-2 lower than the days high
point. Kansas and Texas preferred show
ed an extreme decline of 3d. and Rock
Island one of a full point. Heaviness OF
the Granger group was an additional
factor in the decline, the December state
ments of St. Paul and Burlington, with
the small increase shown in net earnings,
having an unfavorable influence on the
general list.
London sold on balance in this market
several thousand shares of stocks. espe-
r1~lr At,fV POL nd "a d
ed TO the heavy tone TO quite marked
extent. Still another factor on the side
of the reactionists was the weakness In
the Anthracite group declines in some
Of its members reaching a point. The
local New York group added the weight
OF it's weakness to the burden OF the
bulls
Exchange hardened a fraction for de-
mand. I'm response TO Londons continued
selling of stocks here The announce
ment of the withdrawal of Rl0,W0 in gold
from the Bank of England for shipment
to the United States, was without any
effect here. Reports from London during
the earlier dealings here showed prices
for Americans higher and the market
unite active the speech of the President
last night being assigned as the cause.
The anticipation of this speech had been
used for several days by the bulls IN
Wall street. and the realizing to-day az
ter its delivery was in accordance with
the usual practice Of professional traders.
The business in the bond market con-
tinued on a remarkably heavy scale, and
prices generally are higher. There were
single transactions in par value OF $780,
0oo and s75 900 of the Union Pacific pur-
chase certificates, Of Sl25,W0 OF Atchison
adjustment As, and of 100000 OF Erie
prior As. Total sales. s5,3N,OOo.
limited States old SIS, registered, were
az higher bid; the new As. IA higher. bid,
and the old AS, coupon, and the 5s, Is
higher. $4,000
The total sales OF stocks were 473,900
shores including Atchison preferred,
"A O1q. Chicago, Burlington and Quincy.
* o9s. Denver and Rio Grande preferred,
4 10. Louisville and Nashville, 12.432; Man
hattan 14s2O: Missouri Pacific, 1870; Mis-
souri, Kansas and Texas preferred, 1850;
New York Central. $3.50; Northern Paci-
AZ Or AK. do. preferred. 1881; Chicago
and northwestern $40; Rock Island, 30
soc. ST. Paul II $50; Union Pacific, 3.5Sl;
American Tobacco. 1915; Chicago Great
Western. 1900; Peoples Gas, 1000;
Sugar, 2l6S7.
MONEY AND EXCHANGE.
Money on call easy at 11-2dl "a per
cont last loan at IL per cent; prime
mercantile paper. 3 "a per cent.
sterling exchange firm, with actual busi-
ness in bankers bills at A.a S-S Tor de-
mand and si.S2 1-9as4S2 S-4 for sixty days;
nosted rates 1881 10 and AS l-2qSLS;
commercial bills. $a 1-2QA.@
silver certificates, Sc 1-2Q57 5-S. Bar Sill
yer 1858. Mexican dollars. a.
Government bonds strong. state ponds
,ull. Railroad bonds strong.
BANK CLEARINGs.
The total bank clearings in the United
80. ane for the week were s1,2Ss, 710.1s5; per
80 increase. 1919; exclusive OF New
York slss, s48,l7s; per cent. increase 2S.2.
MN YORK STOCK QUOTATIONS.