The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-01-13
I HEsavy Dealings Of Large Operators Backed
By Powerful Interests. i.
I 9 o. STOCK WAS ESPECIALLY STRONG
Comnisston House Business Quito
Hotieoabie in the Days Trad,aa-
hnAntrecIto Coaiers were weak
and Continued Tho nopiino- Mark.
81. ed Weakness In Sugar,

i5i New York, Jan. 12.-To-day's market for
securities was Of much the Same charac-
Y Yer asSyesterday. The principal interest
4 was concentrated in Union Pacific and n
!. flumper or It's affiliated companies and In
',.s2rthern Pacific, which were the leading
q factors of strength, while on the other
hand Sugar continued under the weight
&0l oppression as was the case yesterday.
4 Chesapeake and Ohio. which advanced n
Il point on heavy buying. Transactions
dealings of large operators backed by tho
powerful interests were manifest ali
throush tho market. These large opera
both amongst the smaller traders md
from outside sources. Commission house
IN E1s Inc S vas IN fact. quite noticeable
however, that realizing on a large scale
was going on in different parts of the
Hst coincldently wlsh the strength in 9TH
The anthracite coalers were weak and
conf'nued the decline, but the Ohio soft
OF strength. Union Pacific rose at one
time over points, but recent buyers com
I me TO- take profits as soon us report
secured control of Oregon Short Line. The
s stoe reacted over, point. The recent
s Strength Of the stocks Of the d!snteglated
portions or the old Union Pacific system
Is fully explained by to-day's announcn-
ment. This buying was evidently founded
on belief in far reaching plans OF com
binatton and extension which, accordinr
70 some prevalent rumors, win embrace
DIG vast system from the Atlantic to tho
Iaclnc. Much was made In the market
On reported bond issue by the C. & O.
hnougn the view of benefits 10 accrue
s sesIn to be somewhat exaggerated con-
VICES from London and the Continent
showed the tone of American secnrjtins
IN tne foreign financial markets TO be az
SGeIenS. Lyndon bought in this market no
tess tnan 1900 shares of the favorite in
Iernational stocks and the market
E to Grande preferred and Northern Pm
ellie was directly attributable to this de-
mand. The weakness in sugar seemed 10
5e connected with the annual meeting OF
SLlectoTS IN progress to-day, though no
nHw fs,r Regarding the company reached the
PUBIC. Money declined to yield to-day
below 2h per cent. but the tone of the
mat rates will yield In the near future
Large amounts OF money also found fheir
way into investment and specuIat ion IN.
aay. The available possibility of relief
70 the money market was indicated by
inc IAN of ~ cent In posted rates 81
sternng exchange and the decline of Y
cent IN the actual rates, tho decline not
being prevented by the expected arrival
TOMORROW Mt San Francisco of another
$l0O,OOO In gold from Australia The mar
value OF to-days transactions in bonds
IS not as large as that OF yesterday hut
business was remarkably well dist ribut ed
al through the list. Gains were the rule.
S4,775,0OO. 1880
United States old As coupon and tho
IS were Hc. higher bid to-day There
was n sale of tho new As coupon at / 2ga,
which Is the highest on record The total
sales OF stocks were $4,000 shares.