Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-13
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT DUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
and Domestic.
and Domestic.

anu DGmes1cs
NEW YORK, January 12-To-day's
market for securities was Of much the
same character as yesterdays. The
principal interest was conferred in Union
Pacific and a number of its affiliated
companies, and in North Pacific. which
were the leading factors OF strength,
while on the other hand, Sugar con-
tinued under a weight of depression, as
was the case yesterday.
A new feature OF special strength was
Chesapeake and Ohio, which advanced a
point, on heavy buying.
Transactions were on a very large scale,
and the heavy dealings Of large opera
tors. backed by powerful interests, were
manifest all through the market. These
large operations attracted considerable
following, both amongst the smaller
traders and from outside sources. Com
mission-house business was. in fact, quite
noticeable in the days trading. 1t was
obvious, however, that realizing on a
large scale was going on in different parts
of the list coincidentally with the
strength in other parts.
The anthracite cOalers were weak, and
continued to decline, but the Ohio soft
coal roads maintained their recent show
of strength. Union Pacific rose at one
time over two points. but recent buyers
commenced TO take profits as soon as a
report was published that the new COM
pany had secured control Of the Oregon
Short Line. The stock reacted over
point The recent strength Of the stocks
of the dsntegrated portions of the old
Union Pacific system is fully explained
by to-day's announcement. This buying
was evidently founded on a belief in far
reaching plans OF combination and eX-
tension. which. according TO some preva-
lent rumOrs, will embrace one vast sys-
tenn from the Atlantic To the Pacific.
Much was made in the market on
reported bond issue by the Chesapeake
and Ohio. though the view Of benefits TO
accrue seem to be somewhat exaggerated,
considering the extent Of transactions.
Advces from London and the Continent
showed the tone of American securities
in the foreign financial markets TO be
excellent. London bought in this market
no less than 200CO shares Of the favOrite
international stocks. and the marked
strength Of Union Pacific, Denver and
Rio Grande preferred, and Northern
Pacific was directly attributable TO this
demand.
The weakness in Sugar seemed to be
connected with the annual meeting or the
directors in Pittsburg to-day, though no
news regarding the company reached the
clearinghouse.
The tone OF the market to-day re-
fected the feeling that money rates
would yield in the near future. The
available possibility Of relief TO the
money market was indicated by the fall
of 1-2 cent in the posted rate Of sterling
exchange and the decline Of IL cent in
the actual rate. the decline not being pre-
vented by the expected arrival to-mor-
row at San Francisco of another 100000
in gold from Australia.
The par value Of to-day's transactions
in bonds is not as large as that Of yes
terday. but business was remarkably well
distributed all through the list Gains
were the rule, but there were some de-
clines Total sales. AT5,OO.
United States old As. coupon, and the
2's were II higher, bid, to-day. There
was a sale of the new 3's. coupon, at H.
which is the highest on record.
Total sales of stocks, $4,000 shares, in
Guiding Atchison preferred, $780, Chesa-
peake and Ohio, 2O,762; Chicago, Burling-
ton and Quincy, 1912; Louisville and
Nashville. 1886; Manhattan l., 1880;
" i
$40: Northern Pacific. 253i5; do, pre-
ferred 81, $50; Rock Island. $3.50; st. Paul
IS 100: Southern railway preferred, 1883;
Union Pacific, 10 23l Union Pacific, Den
yer and Gulf, 1850; Wabash preferred
6.52s: Chicago Great Western, $3.50; Sugar
&C. 900: Tennessee Coal and Iron, 5,655;
Western Union, 514S.
MONEY AND EXCHANGE.
. Money on call steady, with actual trans
actions ranging from 2 II to per cent.
last loan at per cent, and closing, bid
and asked. 21-2G3 per cent; prime mer-
camille paper. 1-4a4 IL per cent.
sterling exchange weak, with actual
business in bankers bills at Aa so
sISi7-S for demand and S4S2 S-snS4S2 SIS
a. eixtv DAYS: posted rates. A.8 ~ and
"a 1-2GSls5; commercial bills. &a 81.
silver certificates, 81 1-ia5S; bar silver,
57G57 IL: Mexican dollars, As Is.
government bonds strong. State bonds
duu Railroad bonds strong.
Nrv YORK STOCK QUOTATIONS..