Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-14
lIILLION-SHARE DAY
ACTIVITY IN THE
NEW YORK STOCK MARKET.
gg WEEK A RECORD BREAKER.
c.e,te.t Rise Yesterday Was Made
n, New York Air-Brakc-L"rge De-
mand for Standard stocks-susar
Hose Three Points.

Z -.
,.,f, further progress upward to-day
~, g., some cases the advances were
,.,-ssrsbe. Transactions in stocks
,..-. over 81 million, making the third mil
,..-.fsrs 6ay this week. while on the
..ts- ,wo days trading was but little
..,-. a. tte million-share mark SO lar
,.. week The transactions have exceeded
.t.ss o., any similar period in the Elk
CHANGES history.
London in the early trading was
r.-.haser. but subsequently the prepon-
l,rarce Of the arbitrage dealings was
sales There was an hours delay in
-srsmission Of cables, and this largely
restricted the foreign transaction. Com
n ssion houses and traders were both
purchasers in the general list. Interest
frequently fiuctuated from one STOCK 10
f-0ther and when any stock started up
ward a following continued the rise.
The reduction in the floating supply in
fre prime dividend-paying stocks and
tss.r attendant higher level led to re-
r-wei interest In the lOwer-priced stocks.
There was a large demand for the stand
.~i stocks. the Changers and New York
,-s 81. Paul made the best prices in
vars. Burlington made an extreme gain
80 95S On expectation that the Decem-
l.r statement would be very favorable.
mis- statement. however, is not due Tor
tW0 weeks YET
NEW YORK AIR-BRAKE RISE.
The greatest rise OF the day was made
lv New York Air-Brake 90 points, Whhe
r,I CO W. GOOD
corl. with six points advance. The conn
Ctrt assertion that Brooklyn Transit had
acquired control of the Nassau Electric
railway resulted in an extreme gain OF
& 8-4 for Brooklyn Transit, most OF whlch
it retained Manhattan, on further re-
ports regarding electric equipment, &C
vaneei over points Sugar rose points
Ol the report that new trust was 10 DC
formed. taking in that company and a
number Of the independent refiners but
denial Of the rumOr. as far as II concerned
some Of the Interests mentioned, resulted
90 O. partial reaction.
ln the afternoon the speculative leaders
became dull for awhile. but resumption
Ct purchases in the Pacifcs was accom-
panied by an increase Of business in the
rest ~ the list Profit-taking toward the
end rendered some stocks decidedly weak,
while generally a good tone prevailed.
BOND PRICES MOVE UPWARD.
Bond prices generally moved upward
v.h some usually neglected shares hg-
urrz prominently in the market. Total
sales. S465O.000. United States new AS cou-
r-9 advanced SIS and United states
registered. the 3's. and the old As coupon
ID in the bid price
Th. total sales OF stocks were 1,0S3, 100
shares. including $500 Atchison; A'2O DO,
preferred: $500 Central Pacific; I,So
Chesapeake and Ohio $3.50 Chicago Bur
nnr1n and quincy; 6,7n Illinois Central {;
1850 Louisville; 5000 Manhattan; 81 ~
Reading first preferred; 1900 Missouri
Pacific. 9G2O Missouri. Kansas and Texas
Preferred: 1890 Northern Pacific; 1920
d.. preferred: - 30 Reading; 1920 Rock
Island: 1920 Union Pacific; 1.120 st. Paul;
GW Southern Pacific: $500 Southern
Railway: z. 800 do, preferred, 1920 Union
Pacific preferred; 260SO American Cotton
OIL. eDl Bay State Gas; 25, $50 Federal
Steel. $500 Brooklyn Rapid; $50 Lead;
$500 Pacific Mail; 6o.26) Sugar; $40 Lea
N-r preferred; $3.50 Chicago Great West
EN-
MONEY AND EXCHANGE.
Money on call steady at 1-i02 ID per
cent. lest loan 21-2 per cent; prime mer-
cnue paper. 3Q3 ga per cent.
Sterling exchange frmer. with actual
cs.ness I'm bankers bills at A.Si S-SgS4.So
i- demand and at 4s2QSiS2 IA for sixty
cys posted rates. A&QA.5 IL: CONNER
GA. bills H@0HS11-2
Silver certificates. nominal. 90 l-2n6O IL.
Bar silver. 591-l Mexican dollars, AZ.
Government bonds strong. State bonds
Strong Railroad bonds strong.
BANK CLEARINGs.
The total bank clearings in the United
States for the week were 81 $40 6(5, $40; pei
cent increase. 34.5. Exclusive OF New
York. 1851 Ss2. III, per cent. increase, 1876.
NEW YORK STOCK QUOTATIONS..
Closing
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