Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-01
STOCKS ARE LOWER.
THE AVERAGE RECESSION HOW
EVER. Is BUT FRACTIONAL.
SNALLER VOLUME OF BUSINESS.
The Market Goes Through Process of
DigcSting Recent Realizing Sales
Wheat Closes Limp ana Weak
other Markets.

NEW YORK. January 31-The average
recession in stock values to-day was frac-
uonal There was no pronounced pressure
20 SELL as was shown by the diminished
volume Of business. There were transac-
tions in about three-quartcrs of a million
shares. which formerly would have been
considered A large days business. but
which IS the smallest amount traded in
some time for q fun days session. Lon
don continued a moderate seller on bal
ance. and the market showed alternate
spells of strength and weakness. There
was considerable selling for Chicago ac-
count
The traders were free sellers at the
opening. and prices ran off fractoual,.
except for declines Of point and over i'm
Reading first preferred, New York Gem
Hal. and Tennessee Coal and Iron. Buv-
te orders appeared i'm various directions
h.t there were q number of recoverles Of
from 4 10 . points. including Tennessee
GOA. and Iron. a decline I'm Reading FIRST
preferred was on rumors that the coal
"a. was not developing as well as expect
Central and Southern Pacific. Mobile
ohio; cleveland. Cincinnati Chicago
So Louis; Long Island. the Chicago
Terminal issues. Southern Railway pre-
i. American Cotton Oil. and some
Other ereciaities were consistently strong.
VIGOROUS BEAR ATTACK.
A Veorous bear attack. which was par
directed against Sugar, caused
'. stock 10 drop points from the high
which 10 had attained ON "a con-
O. o. D.. coll. al como qTruuperpeUt
Which the Glucose Sugar Refining Com
l-F .l- facts concerning the company S
are. of course, known only 10
..rs
> York Air-Brake took dive Of
points There were activity ana
among high-priced investment
.uiiug New York New Haven
Hartford. which touched 2i; Great
l-.t. referred which made "a new
-' record OF 176; Consolidated Gas
"".A touched 2f -. and Brooklyn Union
ii l-- Ile strength OF these Two
t .H was on various consolidation
regard 10 the strength OF
.i.h..n. there was gossip That
"-I h. another melon 10 be cut
.-. h.nE rhaps in ,he fo' m OF
,,. 'li.+u.u 10 the stockholders
Oih- i'r .ul action vas clothed IN
much mystery
'-"' ia-t reaking, the market went
I'1th Che process OF digcsting recent
/'Hf a'es and speculative Interest
Hif'.y conferred I'm the specialties.
BOND MARKET IRREGULAR.
lAe bond market was very irregular
"'.h an easier tendency, toward the close
-'' Sales $4,000. United States IS
e-.ance4 rs and the new fs declined
', .n me bid price
i'r total sales Of stocks were 7SGsI
'ae. including 5.5n Atchison; 22S95 At
V'n preferred. 29GG0 Central Pacific;
l' Chesapeake and ohio; 95l5 Chicago
h-finAon and Quincy; 1864 Chicago
Tti. cleveland and 81. Louis; $50
Denver and Rio Grande G.4S5 Louisville
l Manhattan: 500 Reading lst pre-
i1fIed; $3.50 Missouri Pacic; 1910 Mobile
.tp New York Central; $3.50 Rock Island
$50 Peoples Gas; 77Si 81. Louis anC
santa Re: ll75 81 Louis and santa PC
20 preferred; II .22s Union Pacific; 1918
81 Paul. 241S5 southern. preferred: l4Sh
Southern Railway: 7l2 Southern Ran
way preferred: 500 Texas and Pacihc
YES Union Pacific, preferred; 1913
American Cotton Oil: 500 Tobacco: 2O.SS
Federal steel: 2i7a Federal steel. pre-
f.FTedi 1Q.SE Consolidated Gas; 9ob IA