Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-19
STOCKS SHOW GAINS.
GRANGER ANN MINOR srEcIALrIEs
ADVANCE SUBSTANTIALLY.
BOND TRADING IMPORTANT
General Market shows Decided
Strength All 'Round-Wheat, Corn,
RIBS Also Higher.

NEW YORK, January 1S-The stock
market. except for an initial heaviness.
In sympathy with London, which in turn
reflected the weakness of the New York
closing yesterday, made practically an
uninterrupted course upward. The gains
were fractional in the general market
while the Changers and minor Special
ties made substantial advances. Invest
ment purchases were very heavy, and
largely concentrated in the Changers.
Early efforts to cause a continuance OF
Yesterdays reaction lasted but short
time, as there was no evidence Of i'm
portant LIQUIDATION, and London sales OF
some 100000 shares were well absorbed.
Commits son-house buying was renewed,
and the shorts were forced to cover In
number of stocks.
The market was dull In the forenoon,
and then gradually increased In activity
and strength up to the close. The feeling
I'm London improved and there were
some purchases for that quarter. 81
Paufs increase OF Sli4.OD gross for the
second week in January inspired more
confidence in that group of stocks, ana
there was an increase of western orders
L
day or two which had diminished. The
possibility that Burlington might pres
| entity refund some of its bonds on a
| lower basis. thus benefting the stock,
was much discussed, and Burlington rose
| over points. Traders, seeing the sup
| port extended to the market, successfully
| bid up prices. There were purchases OF
a number of the low-pricers, including
Wabash. st. Louis Southwestern, pre-
ferred and Minneapolis and st. Louis.
! NORFOLK AND WESTERN IMPROVES
Among the inactive stocks which show
| ed substantial improvement were chi
cago Great Western, first preferred, anC
Norfolk and Western, preferred. A cur
| ent rumor that Tennessee Coal and lroI
was negotiating for the sale OF some o.
its property, presumably some of tn
railroad holdings, was accompanied by
marked strength in that stock.
There were a number of importan
| movements in the bond trading to-day
conspicuous among which was a rise 0
lS1-2 in Fulton Elevated SIS and Of point
in Burlington convertibles. The genera
market showed decided strength a.
round. Total sales, s., 10000. Government
bonds closed unchanged for all issues
The total sales of stocks were Si51C
shares, including 1850 Atchison; 57,72O do
preferred; S2,72O Central Pacific: 9i,E
Chicago. Burlington ard Quincy; Ga
Louisville and Nashville; 1920 MAMMAL
tan; %. $50 Reading first preferred: 5.7'
Minneapolis and St. Louis; 1920 Nortf
ern Pacific: 400 do, preferred; 5'5'
Northwest Terminal; 3i,42O Rock ISLAND
14.72o Union Pacific; 1920 ST. Paul; s.9:
Southern Pacific: 1900 Southern Railway
, 15,2lO DO, preferred; 1870 Union Paclh
preferred: 211sO Wabash, preferred; "a
international Paper; 1890 American IL
bacco; 1850 Bay State Gas; 2S,SO Fed'
raj steel; 1920 Peoples Gas; 55,24o Sugar
1890 Leather. preferred; 36O2O Tennessf
Coal and Iron
) MONEY AND EXCHANGE.
Money on call steady at 21-2; last loa
ut 2: prime mercantile paper, SQS IL p(
} cent.
. Sterling exchange firmer. with Nactu
? business in bankers bills at SLS3GstS l
for demand and at S4.2 3-fdA.8 for SKI
DAYS: posted rates, A.S344.S IL al
= 1851 10; commercial bills, A.a l-2.
Silver certificates. 50 1-296O IL; bar 81
| yer. 59d59 IL; Mexican dollars. 1874
Government bonds firm; State bon'
strong; railroad bonds strong.