Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-10-31
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &c, Foreign
and Domestic.

NEW YORK. October S0.-There was
a decided change for the better in the
financial situation to-day and at no time
did the rate for call loans advance to the
figures exacted yesterday. and in the at
ternoon the quotation dropped 10 per
cent. per annum, at which the final
transactions were effected. The decline
in money was the result Of conference
held last night by the presidents OF the
downtown banks, at which fourteen OF
the leading institutions were represented.
II was determined there 10 assist Stock
Exchange borrowers. but not through
the issuance Of Clearinghouse certii-
Gates.
A statement by President simmons OF
the clearinghouse, to the effect that
there was nothing in the situation to ex-
cite alarm, and that the banks were
abunGantly able to meet any emergency
that might arise. had a strengthening
influence. The comparative ease in none,
not only encouraged those OF bullish
tendency. but led 10 considerable cover
ing OF the short contracts put out yes
terday. good deal Of the buying for
long account was set down TO important
interests. Commission-house purchases,
in view Of the disturbances in the loan
market. were light. but foreign firms were
in recent Of good orders. and especially
at the opening Of business.
The advance in prices ranged from IL
TO 47-S per cent. and nearly every promi-
nent issue participated in the rise. Sugar
scored the greatest gain, rising 10 ll5 IL.
Lower Wall-street interests were alleged
TO be the largest buyers Of the stock.
Chicago Gas moved up 3-S per cent, 70
20 is. on western advices that the direc-
tors intended 20 declare a dividend OF
IL per cent. November 18th next. An
other dividend Of IL per cent. was also
promised for January. Other important
advances follow: Atchison. Il, Atchi-
son preferred. 4 81; Tobacco 1913; Bur-
lington and Quincy rs; ST. Paul, 3 -;
Northwest is Rock Island. 3; Della
ware and Hudson. ] II; General Flee
trio 2 Is; Louisville and Nashville, SIS;
Manhattan, IL; Kansas and Texas
preferred, PIP; Missouri Pacific. ] -;
Northern Pacific preferred, ] 5-S; Jersey
Central Is; Reading, 2; Southern Rail-
wav preferred / rs; Tennessee Coal.
IS: Leather preferred, ? II; and West
ern Union, SIS. In the inactive list,
Minneapolis and st. Louis, first preferred,
Jumped 2: Hooking Valley, preferred 3,
and Pullman. 21-2.
Speculation at the close was strong
with an advancing tendency. Net
changes show gains Of Las rs per cent,
Sugar leading The total transactions
were only l1S.6S4 shares, including 800
Sugar 300 St. Paul. 1900 Reading,
and 1900 Burlington and Quincy
The bond market was active and strong
to-day The transactions amounted TO
Sl2iOO00.
Treasury balances: Coin. s12l ,29i,57S;
currency. S5e.920.039.
MONEY AND EXCHANGE.
Money on call active, at 6d60 per cent;
last loans at 6, and closing offered AT
per cent. Prime mercantile paper, 7QlO
Bar silver. s47-S Silver at the board
firm.
Sterling exchange unsettled, with actual
business in bankers bills at stSl 1-2fp
81 So for sixty days and A.S41-4dSLsi "a
Tor demand Posted rates. AS2Us4s s. 1-2.
commercial bills. A79 l-2Q$Ls1
government bonds higher. State bonds
dull Railroad bonds strong.
STOCK QUOTATIONS..
ClOstny Sto-k.