Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-07
DAY In THE MARKETS.
BREAK IN sPECIALTIEs AND DE-
CLINE IN RAILROAD STOCKS.
LACK OF SUPPORT FOR LEADERS.
This Gives Rise to Unsettled Feel
ing-weakness shown In the spe-
big Gain In bank CIearIngs.
ctaItics-Bou

NEW YORK, January 6.-The bear
pressure to-day caused much stock held
Tor a rise to be thrown over. resulting In
a considerable break IN the specialties and
decline OF about point IN many OF the
railroad stocks The market was broad
and unusually active during the hqul-
dating process London was seller on
balance The variations in the early quo
tatlons here were small. but an unsettled
feeling soon set In on evidence that many
of the specaltes which have recently
been marked leaders showed lack OF sup
port There were temporary rallies one
at about midday bringing prices back TO
Yesterdays closing figures. Chicago ap-
pcared to be "a moderate seller while
Washington houses seemed purchasers.
THOSE THAT SHOWED ADVANCES.
At one time or another strength and
material advances were shown by Colo-
RADIO Southern. Pittsburg, Cincinnati 81
/ Louis. Southern Pacific. Mobile and Oho'
Western Union Colorado Fuel ana IRON
Rubber. Tobacco. Sugar Chicago Gas
4 New York Air Brake and Manhattan al
/ though the advance I'm these stocks was
partly eliminated. while in the case OF
/ Manhattan and Chicago Gas they declined
/ below Yesterdays close in the heavy liqui-
/ dalton OF the last hour. Wheeling and
/ Lake Erie and Ontario and Western were
/ also strong spots. The weakness OF the
J Flower specialties including New YORK
Air-Brakc. which lost an early rise or
points. and Brooklyn Transit, when de-
/ clined 55-S. Federal Steel and Chicago
| Gas each recedng points. were features
/ in the late decline. a disquieting feature
/ Of the late tradir~ was "A sharp advance
/ I'm call money. which Immediately drop
/ ned back however, 10 normal figures on
/ the appearance Of a considerable supply.
/ The Western Unions strength was accom-
| panicd bV gossip that an agreement had
/ been made with the Postal Telegraph
/ Company regarding rates. TAX ABOUT lHe
! possibility of a rival refinery closing down
I because of the unprOiitaDleness OF the
| present business. was simultaneous with
! a rise OF points in Sugar
| THE BOND MARKET IRREGULAR.
/ Considerable irregularity prevailed In
/ the bond market speculative issues "a
/ vorine a lower level in sympathy with the
course OF stock prices. Iotal sales'
Tinted states rs and SIS, coupon, ad-
/ vanced ii and the IS and the 5s, regis
/ tered Is The old As, registered, dechned
/ is i'm the bid price. 1890 l.,
The total sales Of stocks were 756 700. in
! Guiding 1880 AtchlsOn preferred, o''-.
! louisville and Nashville $3.50 Manhattan
/ II go MissoWi Paciic; 5.l5o Mop!C ana
/ Ohio: II 900 Missouri Kansas ana IeNas
/ 57z0 Northern Pacific; $3.50 ontario IN
] Western; g.220 Rock Island; L!Z9 Union
/ Pacific: 1880 St Paul; 9,iN WABASH lie'
/ ferred. l2525 Wheeling and Lake ERE
/ (fuurth assessment paid; W SoulnleiI-l,
/ ureferred $500 Texas and IaClhCt co.
Union Pacific preferred; 5lp L. +. ID. ahl
/ O.. 1000 American Tobacco; lg'5-o ia}
/ state Gas. 81 go Federal steel; l6.b-0 fed'
! erel steel preferred: $500 People Gas
3 3 10 standard Rope and Irvine; 2o-'0 gu
/ gar. 1880 Tennessee Coal ana IRON -.
| Feather preferred; 1850 United Stale'
/ Rubber. and 1900 Western Union.
MONEY AND EXCHANGE.
Money on call at Lat per cent laSSl
loan at per cent; prime mercaH'i''
/ pauer 2G3 "a per cent.
/ Sterling exchange steady, WIN aCtu@
/ business I'm bankers bills az Et.ot -.
SfSl - for demand. and at Sl.,9 LIS -
/ FOR sixty days: posted rates, $to- Il anu
/ 81 e.. commercial bills. $i.S0.
/ Silver certificates, ~ ~. D"i
/ 60 Mexican dollars. ~ l. ,7
/ Government bonds Irregular STATE uonu'
inactive. Railroads irregular.
BANK CLEARINGS.
The total bank clearings i'm the Unite,
[ states for the week We're $lt6EN55S 30 Pei
/ cont increase. 22.7. Exclusive OF Ne"
| York $500. io8 $50; per cent increase S't'