Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-25
REALIZING
STOCK DEALINGS IN EXCESS or A
MILLION AND A THIRD SHARES.
LOWEST PRICE OF DAY AT CLOSE
selling Then Wipes Out Gains Made
Enriicr-Whcnt shows Excitement
Mt Times, HIT Closes Improved
Other Markets.
Other NnrlSctl

realizing an day affected the quoted price
OF stocks Dealings were In excess Of a
million and a third OF shares. and al no
time did prices OF the higher-valued rail-
road stocks reach yesterdays closing
ncuros. Heavy sales I'm the early dealings
were caused partly by the lower range
OF London quotations and there were nu-
morous declines exceeding n point \
sharp upward movement followed sup
port being extended TO Michigan Central,
Union Pacific preferred General Electric,
/ Peoples Gas, Manhattan. and Missouri
/ Pacific. New Jersey Central Tennessee
/ Coal and Iron. and Federal S:eel, com
mon. were also lifted. The trading ele
ment began 20 sell freely. as the result
| or heavy profit-taking was appreciated.
/ The market az first became dull as prices
/ rccedod. but the selling gradually as
| sumcd larger volume, and quotations rap
/ idly crumblcd away. In the absence OF
] unidVOlable news the reaction was at
/ tributed TO technical conditions. BY reach
/ ing stop-loss orders in The more active
/ shares material slumps occurred, with as
| much as a point or more difference in quo
! tations between transactions.
MONEY CONTINUES EASY.
Money continued easy, and the banks
are expected 20 make another heavy gam
] i'm cash this week. The movement OF
! money from the interior ana from taH-
fornia continues heavily in favor OF New
/ York.
The lowest price Of the day was made
fu the final hour. and selling at thal llhc
wiped out the gains i'm stocks H'duJ '"t
Hor i'm the day. The extreme bfeakS III
/ mo Nandcrbilts ranged up TO 4 - IN
Northwest In the Flower speclalues tnt
| largest break was in New 0ik al
/ Brakes points The drop IN we &Idn3 -,
r@n@ed from points in Rock Island 10
al i'm harrington Among the CoaleIs'
The slump ranged up 10 IL IN keadlIs'
first preferred. In the aG n II--,ion Pa
. IRENE drop was 4 spOints. IN Ohlul ~
| cifc preferred. PennsylVama uIopit1
ga: Manhattan ana MetIop9lilan, ~
each: cleveland. Cincihnau', Cni{i'iS To- o..
A,,6~ican Malt. 3. and General Electro
51-2 New York. Ontario, ana WtsIcr,i H. j,
the most active stock ON 5hJ ~ I,ae esti-
,net.d that London at one ume hdu Solu
15w1 shares. a portion OF when WIS
taken back on arbitrage dealings a'eI
III ,r i'' resistance the market displayed in
tho forenoon. notwithstanding me hSdE
assaults made upon IT. was eNpidiH ne he
mo fact that during the progress Oh w
raids several prominent interests WIZ
large purchasers.
F., 4 FEATURE.
4 feature Of the market was the re-
g | sumption of activity IN the mldole-'i"Ss
ana .Thd IoT hon6 market displayed strength
early but later yielded. in sympathy WIZ
mo reaction i'm the stock market. Io,a
sales Sg5G COO United states = ana ~,
d old as. coupon, declined Is IN the DC
e. me total sales Of stocks were l'$s b, rs s'.
& shares. including 22.2J0 Atchlsoh' IVi , %,
. do preferred: 1850 Canada southern ~,
- e1o Cbesaneake and Ohio; 3N3si CniicdEo
burlington and Quincy; l2Sio Onlc9s ,9
- Cfnciuuau. Cleveland and 81. loulS, -
Erie first preferred !w2 Ih.Iio,S 5e6 Nan
n '00 louisville and Nashville; lo,2uV .hdl.
- haitian. 5OSS Metropolitan street kallWag
q ar 400 Heading. first preferred; 9o'o-2 ME-
r eouri Pacific: 1920 New York CehtIdai
u S25 North American Company 80
Northern Pacific: 7.9lS do, preferred ~,
u N5 Ontario and western l3.z,O l' Tadi,iS
n iiou Rock Island: 1850 Union racine
To- iS 100 81 Paul: G. so Union Pacihc, pre-
4 f.rrod. 1920 Wabash. preferred; o'eZO IN
o ternafional Paper; also American 10
f bacco. 6p Bay state Gas; 421o FedTIa
steel. $3.50 do. preferred; lOl,s20 fgopI'te
, Gas. 1910 Brooklyn Transit: l9o2o Pacln
u Mali. 1851 Sugar; 33.4AO TennesSee 90, Co.'
30 and IRON. ESQ do. preferred; 305S west
{ ern Union; 271oo Chicago GREG western
MONEY AND EXCHANGE.
x Money on call steady at 2l-445; las
loan All 21-2: prime mercantile paper
01-2031-4 per cent. ~ 100
Sterling exchange weak, with actua
business i'm bankers bills at o$4 i:Si o d-5'
s4W34 for demand and say l-Zn>issoI5 % ~
4 for sixty days; posted rSattSeS' $i'o' i--'
S4G1-2: commercial bills, sl,o9 -, al
D. - 5o5-S. Mexican dollars. AZ Is.
49, Covernment bonds weak: state pond
u strong. railroad bonds weak.
'e $50 xyOnr. STACK QUOTATIONS.