Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-13
THE STOCK MARKET.
PRICES RATHER MIXED, WITH A
PREPoNDERANCE OF GAINS.
GlLT-EDGED RAILWAY SHARES.
There Was Activity in Them-Iron
ana steel Lngged--The Advance In
PennsyIyania-Chic DispInys In
terest I'm the New York Market.

NEW YORK. January 1.-THE net
changes in prices for the day were rather
mixed, but with preponderance of gains
The movement seemed largely to be the
outcome Of an organized campaign against
the short interests. One group of stocks
and then another were boosted, leaving
the bears In doubt where the next move
ment would set in. The activity in
strength was in the gilt edged railway
shares and then successfully drifted into
the Pacifics the Flower stocks. and then
back into the Pacifics again. Great North
ern preferred made an extreme gain OF
1874. Pennsylvania 4; Jersey Central A.
American District Telegraph 5 IL; Third
Avenue 3; Brooklyn Transit 10; Norfolk
and Western 2; Burlington / "a; and the
Pacifics TO 3l-2: part Of which gain was
lost in the late dealings.
IRON AND STEEL Jagged.
The Iron and Steel shares showed a
tagging tendency although they too en-
joyed periods of strength. London was
again seller on balance, although Arbi-
TRACE dealings were somewhat interrupt
ed as the cable worked poorly. The adj
vance in Pennsylvania, II was assumed,
had some relation to a closer union be-
tween it's eastern and western connec-
lions. Predictions of a very favorable
December statement stimulated burling
ton. Northern Pacific was strong on
rather indefinite rumors to the effect that
some arrangement Of their differences
with rival companies was likely. The
purchases Of Jersey Central, rumor had
it were by insiders in expectation of in
creased traffic, because of new industries
recently established along the line. The
extent of recent sales for London &C
count is shown by the large borrowing OF
stocks in this market.
CHICAGO SHOWS INTEREST.
1t is estimated that fully 10000 shares
Of stock are now borrowed here, of which
100 900 are expected to arrive by Saturday
next. Chicago is displaying great interest
in the New York market and IL is esti-
mated that nearly a quarter of the bust
ness comes over Chicago wires.
Transactions I'm stocks to-day were lit.
tie short of a million shares. The market
had heavy tone at the close. Improve
ments occurred in bonds during the morn
ing, but the market later showed weak
ness in spots and closed irregular.
Total sales $5135.000. United States old
As registered advanced IA in the bid
price.
TOTAL SALES OF STOCKS.
The total sales Of stocks to-day were
99S. 400 shares. including 1850 Atchison;
20 020 do, preferred; $3.50 Central Pacific;
1900 Chesapeake and Ohio; 37720 Chicago,
Burlington and quincy; 1885 Cleveland.
Cincinnati, Chicago and st. Louis; 1000
Great Northern preferred; 9,193 Illinois
Central; 1921 Louisville and Nashville;
1850 Reading first preferred 9,220 Mis-
souri, Pacific: 1060i New Jersey Central;
.220 New York Central: 1920 Northern
Pacific; %, go do, preferred; 1000 Read
ing; 1890 Rock Island; 1920 Union Pa
cifc; q 400 ST. Paul; 1926 Southern Pa
cific; II, $50 Southern Railway; 2027 do,
preferred; 25,SSO Union Pacific preferred;
g. 100 international Paper; 1880 Bay State
Gas; 1880 Federal Steel; 600 do, pre-
ferred; $3.50 Peoples Gas; $50 Consoli-
dated Gas; 1900 Brooklyn Rapid Transit;
80, 200 Sugar; 1920 Chicago Great Western.
MONEY AND EXCHANGE.
Money on call steady at 21-2G2 "a per
cent; last loan IL per cent; prime mer-
camille paper, 3N3 ga per cent.
Sterling exchange steady, with actual
business in bankers bias at s4.S 1-2I
s4Sl "a for demand and at $L2G$iS2 Ia
for sixty days; posted rates $4S3 and
Silver certificates, 50 1-2d60 IL. Bar sill
YER 90 Ii Mexican dollars, 40 IL
Government bonds firmer. State bonds
strong. Railroad bonds irregular.
NEW YORK STOCK QUOTATIONS.