Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-17
ANOTHER BUSY DAY.
OVER ONE MILLION SHARES OF
STOCK SOLD YESTERDAY.
A RISE IN FEDERAL STEEL.
Air-Brake stock Made n jump OF IL
Points-London n Heavy seiier-in
the Last Halt Hour Nearly All the
Earlier Gains Were Lost.

NEW YORK. January 1.-THE week
opened with transactions again reaching
the million mark. and resulted in irregu-
lar net changes. losses prevailing. Lon
don. II was estimated. sold altogether
Il. Coz shares here. nearly half or that
amount in the first quarter OF an hour'
Standard stocks were in heavy demand
in the forenoon, all the Changers making
rev records for high prices. The evidence
Of support to leading stocks was followed
by bursts OF strength elsewhere after
perIod of hesitancy in the early dealings
FEDERAL STEEL
rrhara was rise in Federal Steel on
the continued good demand for iron pro-
ducts. but the advantage gained was not
fully retained Among other specialties'
where renewed interest was displayeo'
v,era Metropolitan, Consolidated Gas
leather preferred. and American steer
while Air Brake made sensational au-
vance Of Il points. .,
Tho heavy London selling was Of assist
ance 20 many board-room traders IN
b-iroing about a reaction in the maj
/ dealings. although early in the day, wheh
,rl,.s were offered down there was an
| ;ncrease OF buying instead Of selling or
dars brought into the market. 1t was IN
the last half-hour that practically all OF
the earlier gains in the market were lost,
and in a number OF shares the prices
were carried sharply below Saturday
| close. especially Union Pacific. Northern
| Pacific. Louisville and Nashville. Man.
battan southern preferred. Omaha, and
Kansas and Texas preferred. previously
the market has been rather quiet on de-
cunes but the greatest activity to-day
was toward the close, when prices ran
on Among the coalers. Reading firsf
and second preferred suffered about z
point. Heavy liquidation In Lake Eri'
and Western preferred dropped the price
OF that stock points.
THE BOND MARKET.
The bond market maintained a yer
good tone during the greater part or IN
dav hut suffered somewhat in commo
with the stock speculation in the lat
selling. Total sales. f4.S00DD.
tinted states new As. registered, &c
vanced 3-s. and. do, coupon; the Us; 4
registered. and the SIS, coupon, Ia In II
Tho total sales Of stocks were 1,c2oi
shares. including 22,e25 Atchison; OF
do, preferred; 2.3So Cehlral RACINE "
C,hesapeaks and Ohio; $40 Chicago, Blu
Union and Quincy; 1920 Chicago al
eastern Illinois; 7.7B Erie. LIST preferre
1s19o louisville and Nashville; 1900 Ma
haitian: II. so Metropolitan; 1870 Readin
tst preferred: 7.2s3 Missouri Pacihc; ~
Nv York Central; 17.220 Northern L
rit,c. 70 50. do. preferred; $50 Readin
N 20 Rock Island; $50 Union PaclI
= a so St Paul; 1870 Southern Pacii
g. 800 southern Railway; $40, do. pT
ferred: u.220 Union Pacific, preferre
d, 100 American Tobacco; 3S'Es Bay sta
Gas: 1920 Federal Steel; 1913, 90, pi
ferred: i5.sa Peoples Gas: 6,Ise Chica
y Fuel and Iron: $3.50 Brooklyn Trans
: 30 Lead: 7.275 Pacific Mail; go Standa
? Pope and Irvine; 2, go Sugar; f25p Te
n nessee Coal and Iron; 1882 Leather pl
q ferred.
: MONEY AND EXCHANGE.
n Money on call steadier. at 2l-2a5 p
cent: last loan at 2l-2; prime merca
q tile paper. 3G3 l-2, per cent.
q Sterling exchange steady, win dct'
= business in bankers bills 81 NA s.
IS S4S; for demand. and at A2 i-4asts2
h for sixty days; posted yates, As
e S481-2q$45 -; commercial bills, xi.l
y silver certificates. 80 l-sdee l-2. Bar
Il YER 90 5-s. Mexican dollars. ~ Il
> Government bonds strong. state Dol
" inactive. Railroad bonds nrm.