Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-24
STOCKS ON A BOOM.
PREVIOUS UIcU-RECORD MA'Shs
or ALL SORTS PASSED.
TRADING FURIOUS AT The OPENING.
Subsequent violent Breaks, on En"r-
nous Reaiiling-Somc sensational
Novcmcnts-Tbe Close Strong-Thc
Grains and Provisions Advance.

Grains and Provisions AnNhhc''
NEW YORK. January 23.-Speculation |
In stocks to-day passed previous hlsh
record marks both in volume ana ID
pricos attained. Transactions in stocks
figured for $4,000 shares, and the sales
Of bonds reached S9WS,0o. Trading was
furious at the opening. and the highest
prices were reached in most stocks Oh
the initial bulge. with advances OF % W
10 points I'm some cases. There were sub
seoii.ut violent breaks. ON enormous
realizing for profits. The market theh
became ouieter. until another exhibition
of strength i'm the afternoon trading
when the Coalors and Gould stocks got
70 the best.
The bank statement, which seemed 10
assure easy money. was the mainspring
I'm the markets strength. London open
ed firm. but declined on operators taking
profits. and then steadied on curb trans
actions.
The extent Of the public's interest In
the market was reflected boy the cphsea-
ton of business on the Stotn EAT!ld"s''
and in the commission hOD1'S'
stance, IL was announced 20 " n' h.
customer to-day that all 0r0eIs Wo"lu NC
taken subject TO delay, as iEcF rep -s-ll,
tatiyc on the floor was rhaDle 10 d'1'".
! to an of their business ana thal noDi
| brokers were refusing ORDERS 30 VIZ
/ had more ON their hands Than thty tyui"
| nv.cnfe II was the usual thing 10 re-
| fuse TO accept stOp-les ORDERS as ".
! trading was too violent 10 guar dil''p ~ ~
/ execution. An incident cC"N' lug t,' ID
/ urcSsiOn Of the extent ol lHt 'aii3 81
! vance was that of customer WIZ 10"
given an order 10 se!l block OF ai. ''t;le -
! issue and who received s-pV" iil"i 'i i.'.
| the order called for. owing 7" ne N' '' "
| rise while the order Was nelhs eNt0 '..,' ~.
| Toroe ouarafOrs were believed 10 nave
| realized heavily I'm tine carry oedil's 70 n ...,
there was said TO Doe couSiu'IdUI 'ahl''s
| back i'm the afternoon oI STOCK 'n,.l my ~,
! been sold earlier. ana Iouhu ailo"il'9 VI
/ stock were covered 10y the traders.
SENSATIONAL MOVEMENTS.
Some of the more sensational move
ments were AN advance OF lH-s IN flll9
burg. Cincinnati. Chicago, ana ST. LOUIS
to 81. decline ol u.s. anu ny' ~" y"
a.. Canada Southern advanced L0'2. IT,
! acted TO- and gained 81. &. 9. g.. ana ~
Louis OHg - rose H2. dropped po.nl1
| and closed within / OF the pest ~"
York Central advanced d's. Zen LtSn b.. .
! and ended with net loss OF rs. Mamma, .
tan rose fracuoually, broke 3 points, ltI
lied %. and closed * mp. Al one time
or another I'm The trading lhcre WeI
extreme advances IN the iolo"+l,e Slv
not previously enumerated, as DelD" i'
80 o. panusyivania. g.. Twin Cit
D't,id ,Troreit H.. Ontario ana Western
After the early rise the heavy selHnl
movement dropped pres i''' ii.',,i Ne,
tEn i, ,L.i,.tr,,i Ina MAN. other stock.
y liooilHttr,, frnro to ; points The marke
/ ,@ ann ia tbo afternoon. but liVenc
o. ( -, -. NH tho leadership %: the co1
w. rrroru10us purchases OF Reading car
80 ~ r,ica mo ~. and other coaler
~. iifted from ~ to- 4ie. The move
a mt eoread 10 ontario ard western
nlg.ll 4,,,',d -a. an transactions of owe
oo0 oo0 shares. The belief seemed - J.
tbat tho cOmuany would beheht nE lN
f - conditions which were said 20 t'
- ~. ~, tba ontbr9cite coal trade.
M ,' Cro,oers were rather quiet In II
- rt,.,o,,, Speculative interest cenlc
m - ne epac.9lties. NotWthstandh
T. me undertone of strength i'm specuId-,1r no ~,
MANY shares closed notably lower -
more prominent were inion faG Ii.."c,,tii IN
II f"-r,1 omaha Federal steel. BROOK!
i, 1870. Cd,soIidatel Gas. New York Ce'
~ iI%H'I, I.irlcse which were off fro
tIdl' mn wv Norl, Brake sufler'
- ! 10 ~, si" The market closed stron
I io'9 ,'r>-r,c npFGr-TAR.
bo->D', - .,rsi1erat
"a Railroad Roilu1 fnr"noon. and reco
Re stiens ~ u,' l,ii-.ire5 i'm many issues.
prices Were "o Ia.iings the market d
- the subsequent usaI'i''S .1r.,i,,1sritv. VIII
H. played consul IA I-ntfod states G
continued 10 .H' common. advauc
As. coupon, aiit ~ 80
80 sc, In we ". saIes of stocks were 1,G2J'
me 'o tiT~r1,,Jina 1850 Atchison; l5s.
at SHtadIhisor nreferrad: 1850 Canada soui
Of - e,n 10 30 Central Pacific, lr3'7 Cnt'
C. Ike and Ohio. 1856 Chicago buil u!
DO. d 4, {