Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-26
STOCKS ARE STIFFER.
GAINS YESTERDAY WE'RE FROM
ONE no ONE AND 4 HALF POINTS.
MORE THAN A MILLION SHARES SOLD
M"ny Neglected Stocks Dealt In
London at First Sells aud Then
Buys-A sensational Advance In
Metropolitan street Railway.

Metropolitan street Railway.
NEW YORK. January 25.-There were
gains OF ! to IL points in stocks to-day
in transactions IN excess OF a million
shares, which were widely distributed,
many usually neglected shares figuring
in the total.
The market here opened hesitatingly In
sympathy with the irregularity in Lon
don, which was a seller Of some 2O,C00
shares in the first hour. The effect Of
this selling was but slight. owing to the
support given by leading interests. The
professional element relieved the pres
sure. which it had been exerting on the
market and turned buyer.
The commission business was in fair
volume. and was disposed TO follow ad
vances wherever they occurred. London
took back some Of her earlier sales In
nuences bearing on the situation were
the handsome increase i'm gross earning
for the third week ir January shown by
81 Paul. the Missouri Pacific, ana the
Canadian Pacific
There were a number OF very interest
ing features IN the mafket afi.r The FIRST
hour. Metropolitan Street Railway start
ed sensational advance. which eventual
~ reached II points above last nieh'
] closing Manhattan made gain OF .
points These movements ied TO re-
vival Of rumo~s thar the citations Of the
two companies had been piaced OF "a more
/ harmonious basis The imir,sson on the
/ street that In spite Of dcu1.s the Van
/ derbUts plans FOR bringing tne collateral
! par's of their system into closer financial
I relations was partly founded on he eX-
/ tensive, and apparently solid character
4 of the purchases of Vanderbilt stocks. In
; this group extreme gains were made by
/ New York Central II: Northwest 3 Il;
+ Cleveland Cincinnati Chicago, and ~.
Louis. 71-2 Union Pacific preferred made
"a rise Of BIS on revived belief In the So
called Vanderbilt transcontnental dear
4 While Lake Erie and Western preferred
was up 61-2. on the idea that the road
/ was being acquired in the interest or the
+ New York Central
The interest then switched into the low
Z rricea shares apd rises Of about points
occurred i'm Rubber, Chesapeake and Ohio'
Pacific Mail. Canada Southern. Chicago
Great Western. and Rio Grande and west
ern preferred: while the extreme advance
/ I'm Toledo and Ohio Central. Rio Grande
and Western common. and Tennessee
! Coal and Iron reached points. Conun-
ued talk OF the protests or Tenaollltauoh
/ in the Anthracite roads resulted 10 an
/ advance of 2 The closing was firm, well
up 90 the top figures.
The bond market developed marked
strength as the day progressed. and closed
active at about the best Iotal sales
: g. qeo09. Government bonds were un-
+ changed on bid prices.
The total sales of stocks were l,lZo'lVl
shares. including 81 3l2 Atchison; iZz.lou
do. preferred: 6e55 Canada Southern; 5000
/ Che-apeake and Ohio: -, 200 Chicago, Bur
lington ana quincy; 33.42) Cleveland. en-
cinnati. Chicago and ST. Louis; 1870 do'
preferred: 600 Illinois Central; 1850 Lou
isvile and Nashville; 40.4S metropolitan
Street Railway; 5000 Reading INST pre-
ferred. M.300 Missouri Pacific; 100 Mis-
souri, Kansas and Texas; 1000 Manhat-
tan. 32.37O New York Central. Clio North
crn Pacific. $3.50 do, preferred; oeo
Northwest Terminal: $500 ontario and
Western. 1880 Rock Island, Gl55 -.
Louis Southwestern; 5000 do, preferred
- 800 Union Pacific; 2i.52s St Paul ".'Si
Union Pacific preferred; 600 WABASH.
nreferred. $500 International Paper, 7HJ
/ Tobacco: S7.40O Federal Steel, 2.3ZO do
preferred: 2S 6i5 Peoples Gas; 1i.l65 Brook
ivn Transit; $500 Pacific Mail; 2lloj SUI
gar. p $50 Tennessee coal and Iron; o.35l
/ Leather. preferred; 22,560 United States
/ Rubber.
MONEY AND EXCHANGE.
! NEW YORK. January 25.-Money on
can rather hrmer at 1-203 per cent
prime mercantile paper. l--QS Ia per
/ cent.
Sterling exchange steady, with actual
business I'm bankers bills at So -
slCt2-4 for demand and at SiS2 la
siS23-4 for sixty days; posted rates,
/ SIS 1-2a$i.S5 u; commercial bills $4Sl l.
/ M54S 1900
silver certificates. nominally, 50 la
60 IL: bar silver, 50 y; Mexican dollars,
/ A. Is
government bonds firm; State bonds
strong: railroad bonds strong
sEnET< nUnTAUVOXS.