Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-21
STOCK MARKET BOOM.
TOTAL TRANSACTIONS OVER A MIL
LION AND 4 QUARTER SHARES.
PRICES THE HIGHEST IN YEARS.
Net Gains. Material In Many shares,
With Fractional Advances Gene
Corn "a shade Higher.

NEW YORK January ga rush Of be- /
lated investors to-day brought the total |
transactions 60 over a million and quar- J
ter shares. the largest Of the present /
movement and next TO the largest In the /
history Of The Exchange. The prices at
tanned to-day were generally the highest
gu years. and the net gains were maierl'i
I'm many shares. with fractional advances
for the rest Of the list. The London
market was firm. and the public absorp-
ton Of securities was large and confident
I'm the local market.
There was some realizing before noon
/ and short selling as well as realizing,
( after delivery hour. but prices picked up
/ RAPIDLY In the final dealings. and the
market GUIDED with very good tone. The
/ buying Of commission houses was LIBERAL
and extended to a great variety OF shares.
New York Central made an extreme rise
/ Of sos and gossip was revived OF
/ closer amaleamation of the Central ana
Northwestern railroads. Union racine
/ preferred was up an extreme GA o. a..
talk Of future plans Of the NahdetDll19 ~
connection with that properly. Siatll'' 90, 90
rose . SIS and Metropolitan L. the Pgs.
sibility being discussed or these lttuo
working harmonlOusly. Manhattan. no"
ever lost 21-i of It's earlier aoNah'"aO
There were substantial advances ~,
American steel and Wire, lnternapohd'
P9ner New York Air-Br9ke, sugar IL
. thor and Consolidated Gas. II was aH
. nounced that ConsohdateI Has Ia y, Us
+ uorod of "a large block OF lIeasu's .-t--t
which had been hanging over me Iia dn'ii,.
/ T,be CHANGERS were up from irdc touatis
I "a ovor "a point with 81. faul leduli'
and all attained record h.th nSit,,,,o,,
ne current movement, except i'uI "Hs 'G''
which was within l-6 on the coDeiiarable
souri, Pacific displayed c2nsl l..s,' q va.
strength. after a Ions period az cotlpd. a
tive Inactivity. on the idea that the an
, nual report, which VIII 1t p"oi'9'0N
fore long. may be favorable.
BANKS GAIN ~ CASH.
A., .ssoptial factor I'm sustaining prices
vas the calculation that the banks 10
, the week will have gained NV-'''vvg y
cash. excepting receipts py mall W.
figures were unobtainable- me DaI"
rained $4,000 by express remlttahce
and e. ,27 900 by Sub-Treasury operation
e Moreover. 81 10000 gold imports VIII hsui
d In to-morrow's bank statement. ..i,,,o
z The bond market developer eN.vi' a.,
. activity. the transactions tootlhs
a sq az 06O The course of prices was ho
tahlv inward throughout, especial Iea
lures Of strength being Atchisoh @uJu9
roents. Erie generals, ana Mann .l'',l
T. consols. Many of me Tess aC.lte Lor
DO registered material improvements NJ
BE- e9s and Texas s S jumping points I hlts
a states SIS. coupon, advanced Is In III
IT, bid price. - , on o.
h sbaro- including $3.50 Atchison. 100
+, Atcbfson. preferred, l231O Canada Souti
j. ern. 600 Central Pacific, l'5v nc
Z. Burlington and quincy. l'.go Ctlcde
RS Cleveland and Cincinnati, oolD DenE'
DE- and Rio Grande. preferred, lNoh liIlH0
NJ . central 27O20 Louisville ana NaanNll
70 / 1o-20 Manhattan. n,S-O MetIopolIld
90 no 2g0 Reading. 1st preferred o7'vD an
souri, Pacific. $500 New YORK CehUe
rn 51-4 New York. Chicago and ~. Loul
lg .0-o northern Pacific. 1000 Northel
IS Tlcffc prcferred 1920 Rock Island, 20
IS Union Pacific $50 81. PAU, IL IS" gu
"a rrn Pacific. 71l2 Southern Railway, l-'
l southern Railway. preferred. 5l2p hl'
ne po9ide nrCIerred. S4g5 Wabash, 1G.ilj j
r. fernatioral Paper 1850 American IOba
IL c0. $50 Bay state Gas, -7y-o te4eI
e, steel 1880 Federal steel preferred ~
ct peoples Gas. $500 Consolidated Gas, 49l
am I,ronklyn Transit. 1910 Lead, 1850 L
ne F cifc Mail so Sugar. lo9O Iehhess
ia Coal and Iron. $500 United states betlA
-o 1900 United states Leather, preieII'
i'o and 1890 western Union
q" MONEY AND EXCHANGE
W. Money on call firm al 2izQ3 per cen
last loan. 3 per cent; prime mercdhl
paper 2t0%4 per cent
'se sterling exchange steady. with actt
in business I'm bankers bills at AAil4$i
in for demand. and $3.50 A@ for SIX
M DAYS. posted rates. 81 Sile and Sle1.2; col
mercial bills, H.Ni44sts2 ill.,.
- Silver certificates. 55i2U6)l2 Bar silV
'i 59ss Mexican dollars, 4ls.
lI- Government bonds frmer. state Dor
.tt, inactive. Railroad bonds strong.
ere BANK CLEARINGS.
ms The total bank clearings I'm the Uni
states for the week We're 81 956. 81 ,l6I.
w. / cent. increase A06. Exclusive or y
9th York. $685.. 9o8 365, per cent. increase. l6.
NEW YORK STOCK QUOTATION