The times. [volume] (Richmond, Va.) 1890-1903, 1899-01-26
STOCK MARKET
TONE STRONGER
In Heavy Transactions the Slump Of
tuesday was Recovered.
LONDON WAS AGAIN A SELLER
But Strong support OF Leading Inter-
csts Counteractcd Any Effects
Bonds Also Developed Strength
and Closed Firm.
LONDON WAS AGAIN A SELLER

NEW YORK. Jan. 2j.-There were
gains OF ] 90 ne points In stocks ~ 20
days transactions I'm excess OF ihliioh
shares, which were WldeV ulslliouttu'
many usually neglected shares hsullhs
iu the total. The market mere opthtu
lcsitatlugiy iu sympathy with the lrfcbu-
hritv in London. which was seller OF
some 10000 shares iu The ilfst noui. ihe
effect of this selling was but siieht, oW-
ing TO the support Iva 10y ieaoing inleI,
tho pressure which b. had been cNcrung
ON The market and turned buyer. Inc
comm .ss-on business was lT ialr Nolumc'
and was disposed 10 follow advances
wherever they occurred. London TOOK
back some of her earlier sales influence
bearing ON the situation were the nanh-
some increase in gross earning lot ihe
third week iu January shown py -. lduh
Missouri iacihc ana cana nan fd'l'lC.
There were "a number Of very interesting
features ln the market after the FIRST
hour metropolitan Street railway start
cd sensational advance. which eVentu-
ally reached llia points above last nlsht $
closing. Manhattan made gam OF
points. These movements led TO re-
ViNal Of umOrs OF the relations or the
two companies had been placed on a more
harmonious basis The impression on the
street that. iu spite of dcnidls. the Nan-
dorblts' plans for bringing the collateral
parts Of thoir system into closer hndn-
cial relations was partly founded ON the
extensive and apparently solid character
% the purchases OF Vanderbilt stocks.
In this group extreme gains were made
hv New York Central Of 34 Northwest
81, and c.. c.. e and St Louis ~.
Union Pacific preferred mace q rise OF
gis on revived belief in the so-called van
derbilt trans-continental deal while Lake
Erie and Western preferred was up 6H
ON the idea that the road was being ac-
cuired I'm the interest Of the New YORK
Central The interest switched them INTO
the ow-priced shares ana rises or ABOUT
. points occurred in Rubber. Chesapeake
and Ohio. Pacific Mail. Canada Southern,
CHICAGO Great Western. and Rio Grande
and Western preferred, Wnue the extreme
advance I'm Toledo and Ohio Central Rio
Grande and Western common ana Ten
nessee coal and Iron raised . points.
Continued talk Of the protests OF reha-
utilization On the anthracite roads resulted
IN an advance or . points. Inc Closing
was Arm we'll up 20 the top figures
The bond market developed marked
strength as the day progressed ana
closed active at about the best. Iotal
sales. 81 QG0. 900. Government bonds were
unchanged ON bid prices.
The total sales Of stocks were l,l25 100
shares. including 2O312 Atchison. 10 100
do. preferred. G.a56 Canada southern; CO.
600 Chesapeake and ONO. 25IOO chicago.
Burlington and Quincy; $3.50 c., G. C.
and St Louis. $50 DO preferred. 500
Illinois Central, 12tO LOUISVILLE ana
Nashville. 4O4SS metropolitan Street
railway. 3O7OO Reading nrst preferred
~ go Missouri Pacific, 100 Missouri, Kan
sas and Texas, 10000 Manhattan. 81. so
New York Central: 1C1iO Northern Pa
cifc. $50 do. preferred; 300 North
western Terminal. 30 400 Ontario and
Western. 1880 ROCK ISLAND 6.l5J ST.
Louis and Southw estern. 5h0O do. pre-
ferred. - $50 Union Pacific 24,529 St
Paul. 77.7Sl Union Pacific preferred $3.50
Wabash preferred: $500 international
Paper. 7.74S Tobacco: 81. 400 Federal
steel. -. $50 do. preferred; 2S.645 Peo-
ple's Gas. 14165 Brooklyn Transit; 26.-
EOS Pacific Mail: - 700 Sugar. 2l.IO Ten
uessee Coal and Iron: $3.50 Leather pre-
ferred, and - $50 United states Rubber.
MONEY AND E1,CHANGE.-Money on
call rather nrmcr az 2ls03 per cent;
prime mercantile paper 2laQ3A per cent;
Sterling exchange steady. with actual
business in bankers bills an SfSfaN
$50 for demand and at Sfs22Nu4 S3la
Tor sixty days. pos ted rates, A.S3i20
4 ssh. commercial bills, 81 SlMQ4.S4 Sill
ver.certifcates nominal - 7oi40c0M; bar
silver 5gi5. Mexican dollars, Az. Gov
eminent bonds firm; state bonds strong;
railroad bonds stro ng.