The times. [volume] (Richmond, Va.) 1890-1903, 1899-01-11
SOLD OVER A
MILLION SHARES.
Heaviest Trading on the Stock Ex-
change Known for Years.
The TENDENCY STILL UPWARD.
Practically All Railways Showed
Gains - International Stocks Sold
Slightly on Sugar and Tobacco
Also Lost Ground.
THE TENDENCY STILL UPWARD.

NEW YORK. Jan. 1O.-For the first
time In the history OF the Stock IN
change there was trading in over mill
lion shares on each OF two successive
DAYS to-day being the nth miihOn-share
day in fifteen years. Practically All the
railways except Atchison preferred SHOW
gains OF 4 point az one tire or another
in the day. In the late selling movement,
when the spccialties were hammered,
some OF the advances were lost ana IN
special cases as I'm Missouri Paclnc ana
Kansas and Texas preferred. the entire
gain was wiped out Most OF the grdneels
touched the highest prices yet reached IN
the current movement Ihe most COM
spicuOuS advances among the railroads
were those OF Great Northern preferred,
which made an extreme gain or "a, Nam
haitian over 3, and the Readings . each.
Tho extreme rise among the spetldltta
was that Of New York Air Brake. l0i2,
while Standard Distilng. standard Rope
and Irvine and Bay state Gas were very
strong Sugar Tobacco. Federal steel,
American Spirits and La Clede Gas lost
ground There was a tone OF confidence
at the opening. although there was evil
dence Of much foreign and domestic real
izing which IN spots brought recesslons,
which however. were generally quickly
recovered. The prices Of most interna-
fionsl stocks were shaded. and 1t was
estimated that London sold some sixty
thousand shares. mostly Atchisons, Whle
there were some purchases from indl
quarter of Chesapeake and Ohio and
Southern railway. Altogether II Is cst-
mated that the arbitrage business OF yes
terday and to-day, which on balance were
sales footed up TO 1gl coo shares. 4 uum-
her OF high-grade bonds were sold for
continental account Favorable forecasts
Of probable action on the Louisville olfi-
dend tomorrow brought support 20 that
stock IL was said that the New YORK
Air Brake Company had secured the con-
tract FOR equipping ip part at least the
New York Central with air brakes. ana
20 this may be attributed the sensational
rise of the Air Brake stock. Some or the
most important interests I'm the street
were prominent buyers after an early
reaction. These purchases were largely
confined TO the grangers. This was ac-
cOmpanied by some realizing IN othe'
quarters Of the market
Transa ctions in bonds were almosl
100000 below yesterday S total ana
there is also an absence OF the violent
upward movement. Proht-iakins was eF-
ident I'm some OF the minor specuit, NV
issues. but high-grade moItsaLe- ~
we'll maintained. Total. $4,000 lnued
states new As. the old IS registered ana
the SIS registered declined u and the
j. IN the bid price. The os coupon au-
Vanced *. 90
The total sales Of stocks we're o3o 500
shares. including 30 500 Atchison, $3.50
do. preferred: $500 Central Pacihc; -'Nl'
Chesapeake and Ohio; 100 chicago
Burlington and Quincy. $50 C.. g., d..
and St Louis: 1910 Louisville ana
Nashville: 1880 Reading preferred A.
go Missouri Pacific 1857 Northern IA
cifc. 1855 do. preferred; 1870 ontario
and Western: T.. go Reading; 1872 Rock
Island. $500 Union Pacific; $3.50 ST.
Paul: 1887 Southern railway; 3O3lO do.
preferred: 1900 Texas and Pacific. ll,1p
Union Pacific: 5SSO Bay state Gas. TO-
zoo Tobacco -. 2O0 Federal Steel: Goo
do preferred; 29OSO Peoples Gas Coo
Pacific Mail: 500 Rope and Irvine; o.
500 Sugar: II 900 United States Leather.
II 300 DO preferred. 6.So0 United states
Rubber. and 65iJ Chicago Great western.
MONEY AND EXCHANGE. Money on
call steady at 2A02H per cent; last loan
at % per cent. prime mercantile paper
2G38 per cent. Sterling exchange strong.
with actual business i'm bankers bills az
81 $751; "A SSa. for demand and Tor Si.Nom
ISL, for sixty days posted rates. S4N3@
S5ib. commercial bills. S4Sl. silver GER
tlncates 59Ik06lla: bar silver. 59l- Next
can dollars. 4G3s. Government bonds IT.
regular: State bonds inactive; railroad
bonds irregular.