Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-12
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 l1.-London ope-
rators In American securities had appa-
rently recovered some OF their confidence
in the future of values in this country to-
day after the alarm they had manifested
yesterday over our political future. Some
sharp gains were recorded for Americans
on the London Exchange before the
opening here. In fact, the London buliish-
ness outran local opinion, and New York
prices did not respond fully to the rise
in London. The market all day was one
difficult OF analysis, on account OF It's
uneyenness. There were points of nota-
BILE strength and others OF marked weak
ness I'm the list, and neither was alto
gether effective I'm giving tone to the
market Sugar was the special point OF
weakness, and the large volume of trans
actions in IL gave its weakness influence
on the list. The Changers were also
heavy i'm the early dealings, though sub
sequent recoveries brought their prices
a fraction above yesterdays close. Inc
Coalers were centres Of depression on ac-
count of the condition of trade and the
unreasonable mldness of the weather. on
the other hand. there was very striking
Pacific stocks and in Union Pacific. This
strength seemed to extend also TO allied
and connecting railroads in the West
and Northwest. They were helped by the
decision of the Interstate Commerce Com
mission to continue the suspension OF the
long and short-haul clause on traffic IN
connection with Canadian railroads. Inc
dealings i'm the stocks Of these trans
continental lines were very heavy, ana
transfers of blocks of several thousand
shares in individual transactions were
quite frequent all day. Manhattan was
another strong feature Of the market on
the authoritative announcement OF an
intention TO change 10 electricity the mo-
tive power.
Money yielded slightly, but most of the
| business of the day was done at per
cent. In the money market however
rates were down to 215 per cent. for sixty
DAYS. and from to 31a per cent. for three
10 seven months. There was an active
demand for commercial paper, but the
supply was good. Among the notable
movements Of the day were decline or
u in Baltimore and Ohio, and rise OF
. roints in the common and preferred
stock of Susquehanna and Western.
The bond market was very active, and
the high-grade issues all showed higher
prices There were several transaclions
Of the par value Of 10000 Business was
very well distributed, but the Atchison.
Union Pacific, Texas and Pacific, and
Union Pacific, Denver and Gulf issues
led in point of activity. Total sales,
$5,500OO0. =,
United states old As registered are 4
higher. and the new AS, y higher, bid.
Tne total sales Of stocks were 3SOVO
| shares. including Atchison, preferred,
524O: Chesapeake and Ohio. 5.47S; Chicago
harrington and Quincy, 1857; Louisville
and Nashville. $3.50; Manhattan H. Zeysyi
Hawaiian Commercial Company, o'o91
Northern Pacific, 1882; do, preferred
| 5OQ54; Rock Island. $3.50; st. Paul, ll,5sZ'
Union Pacific q .Oe5 Union Pacific Den
yer and Gulf. $500; Wheeling and Lake
Erie. 16JO; Chicago Great Western, o'S5''
People's Gas, $3.50; Sugar. 1852; Western
| Union. 562S.
MONEY AND EXCHANGE.
Money on call easier. actual transac-
lions ranging from 2l-2a3 per cent i@S'
| loar at 2l-2 per cent; closing oHered al
! mia and asked 21-2G3 per cent; prime
mercantile paper, 3 1-fq4 Ii per cent
sterling exchange easier. with actual
BUSINESS in bankers bills at $Ls1g$i.So lie
FOR demand. and $i.S2 5-SqSi2 rs FOR sixty
! dovs. nosted rates, $i.S l-24$iSo; COM
,,oercial hills. S4S20S4s2 1-2.
silver certificates. 81 lass. Bar SILVER
r71-2 Mexican dollars 40.
| Government bonds strong. state Donus
| AMI railroad bonds strong.
| -, eo<N-x nunrATIONS