Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-20
STOCKS ARE STRONG.
MARKET. MOREOVER, IS ACTIVE
ALMOST ALL DAY.
VOLUME OF BUSINESS LARGE
IL Is Above the MIIIion-sbare Mark
May wheat Lower-Corn and Onts
"A shade Higher--Provisions Tn
changed.

market was strong and active all day,
except for a realizing movement around
delivery hour when prices receded about
a point In many stocks. but toward tho
close picked up sharply. and the dosing
was strong, with material net gains In
all the leading shares. The volume OF
business was above the million-share
mark. and London. after being seller
for a long time to-day, reversed her po-
sition and purchased about 5000 shares.
Following the example of the Imperial
Bank OF Germany, tho Bank OF England
reduced its rate of discount.
a continuance Of easy money conditions
here was another factor In the confidence
shown to-day. The Changers made new
high-record prices for the current move
ment. and the average price Of active
shares was also the highest The strong
London tone encouraged high opening
here and as there was large accumu-
lation Of buying orders over night the
short interests were compelled 10 retreat
In many stocks. There was heavy rea.
liZlng al the advance. but the stocks SOLD
were well taken, and the market broad
ened out
The greatest activity and strength were
shown by Manhattan, Burlington 81.
Paul Sugar, AtchisOn preferred, Reading
Pacifcs. The advance IN Sugar was
credited to a rounding up of the shoris.
The advance in Burlington seemed 10 De
accepted as meaning that something was
under consideration in regard 10 re-
funding scheme, although negotiations
under way were said to apply TO the
issue of only a small amount or bohus'
The interests concerned were non-com-
initial and there was no definite deVeiop-
ment one way or the other'
STORY AS TO MANHATTAN.
The advance in Manhattan was accom-
panied by story giving tne nal!le "a -
| large outside interest as likely TO take
part in financing the electrical equipment
of the road but denials of this were
| emphatic as hitherto.
| The increase in Omaha OF l12 per cent.
| seemed TO have been discounted. as the
! stoclx was inactive after the announce
| ment. and then dipped, in sympathy WIFI
| the realizing movement in the rest OF inc
| market Favorable earnings Tor tne Sc
cond week in January lent strenseh ~
Louisville. Lake Erie and western au'
vanced on covering by the short interests
The nreferred advanced SIS and the com
| mon 25s on the dissemination OF IuiholS
| of a deal with the Cincinnati Chlcdso
! Cleveland and st. Louis. Inc fuIhOr VI
| tho prospective retirement OF the MIN.
r rne and St Louis first preferred
| stock resulted in an advance in the Sc
| cond preferred stock of over points;
There was an advance I'm most OF me
| Gould properties some OF winch nav
been inactive of late. Mammalian Il'lht
az ard Missouri Pacific points. Amont
80. Investment stocks New York Contra
rose a point and a half. There was con
Siderable liouidation in Kansas, ilt's
hurg and Gulf stocks and bonds.
BOND MARKET STRONG.
The bond market showed relatively
more activity than STOCK iw oro,,,,d
Marked advances were scoIeu al $500 .y,,e,
with the undertone agsresslVey StIo ils
United States SIS advanced Is IN the me, o sn
price. Total sales of stocks l|.V'oo
shares. including 33&O Atcnlsoi' .o'c 90
do. preferred; 1850 Central Paclilc' 90 ~
Chicago Burlington and quincy, W
1uInots Central: 1926 Denver and XII
Grande preferred; $500 LOUISVILLE am
| Tasbville. 44SjO Manhattan; 53,6VO hedu
inc 1st preferred; 1900 Missouri PacihC
1332O New York Central; hZ0 Nop ,
American Company; $500 NorlneIn ,, IL q Z,
cifc. AZ 900 do preferred: 5iVO heauins
"a S9j Rock Island 23.0J0 Union Paclhc
Fl 500 St Paul; S,452 st. Paul and oman
| 6170 Southern Pacific; lS,z-U S0u r-..i :,
| railway: 1880 do. preferred 1910 ! ii io
| paci6c preferred: 1850 American Cotto
| 61. e a-d paw state Gas; S,202 America
| ,robacco. % 900 Federal Steel: S.zVV 90 10
,roferred. II .92O Peoples Gas; DIV
RRrool,lvn Transit: $500 Sugar; 81 - Ten
nessee Coal and Iron; 1880 Leather, pre-
ferred: 1886 Rubber; 6,2S chicago Urea
| Western. ..-.r,
MONEY AND EXCHANGE.
Money on call steady at 2q3 per cene
,ost loan at 3: prime mercantile pape'
Sd9A per cent. ,,,,, actual bus
-, IN bankers' bills at AAAslSio9 10
49, de,,sond and at A.S22t0&.SS for sixty days
u uo,itei rates SAsSQ$4S31s and SiSol2; coz
mercial bills. $4S2 -o,,>.oo,,. TO- silva
Silver certificates. 59haeO's; bar silVe
5S5s; Mexican dollars d Az. state bond
,ractive. railroad bonds strong