Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-09-03
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bends, Stocks
Grain, Tobacco, Cotton, Catic'
Country Produce, &c. Foreign
and Domestic.

NEW YORK. September 2.-The secu-
rity markets were buoyant. and business
was larger than on any previous day
for a long time past. The overwhelming
victory OF the Republican party In YER
mont was the main factor at work
Bulls on stocks we're much encouraged
be the unprecedented majority received
by the sound-money people and extend
ed their shines I'm all departments OF the
Stock Exchange. In addition, commits
sion houses reported more inquiry from
out-of-town sources. and taken all to-
gether, the feeling was decidedly more
confident as to the future Of values.
Money ruled comparatively easy at 4q'
per cent, with business at from 5aT per
cent. There were reports Of further
imports Of geld. The developments OF the
day completely demoralized the bear
forces. and the shorts were eager bidders
tor stock up to the close of business.
At the opening the standard stocks
bounded up anywhere from IL to l per
cent, but part OF the gain was soon lost,
under free sales to realize profits Offer
ings Of long stock both for London and
local account were quickly absorbed, and
the market during the afternoon re-
sumed its upward course. Louisville and
Nashville. Manhattan. and Baltimore
and Ohio were laggards at times. Louis
Vile and Nashville was Influenced by the
fear Of further cuts In rates I'm the South.
while Manhattan was depressed ON talk
OF poor earnings.
Elm the late afternoon trading the de-
mand for the leading specialties revived.
and the market was stronger than at any
previous time OF the day. Prices jumped
anywhere from IL to ) per cent, ana
the Improvement was well distributed.
Sugar rose SIS, to ~ 1-2; Tobacco
81. to 81 81; Burlington 23-S. TO 81;
Chicago Gas 31-f; ST. Paul to s 3-S;
Southern Pacific 5. to l26; Northwest 5-s,
to ~ 3-S; Rock Island / 81 TO 81 rs; Con-
solidated Gas 4, to li5: Lackawanna 2,
to 153: Delaware and Hudson "a, 10 I'D;
Erie, first preferred. to . -; Lake Shore
IS. TO IA rs; Lead 3 TO q; New Jersey
Central 33-4. to s91-4; Tennessee Coal
21-4. to 1s3-4: Cordage guaranteed 3, to
IS: Leather preferred, > SIS to ~; and
Western Union, SIS, TO 70 SIS. In the
inactive issues. Minnesota Iron fell 4. 10
a. and then rose TO 46. Illinois Steel
f.,mped g. to 30. and reacted to SO 3-4d5l.
Speculation closed strong to buoyant.
The total sales were 27703 shares, in
GLIDING 6s. 400 Sugar. 80 400 ST. Paul. 1880
Burlington and quincy. and 1900 Chicago
Gas.
Bonds were inactive and strong. The
sales were 81 ,353,OO0
Treasury balances: Coin, Sl2,5l9,Siii
currency. 81 69i,G66.
MONEY AND EXCHANGE.
Money on call quiet at 4q7 per cent
last loan at per cent, and closins
offered at per cent; prime mer-
camille paper. sac per cent.
Bar silver, &C S-Sc.; silver at the boarC
dull.
Sterling exchange easier. with actua
business I'm bankers bills at A& la
| 1894 for sixty days. and AA l-+0
s4Sf1-2 for demand; posted rates ASf
Sass; commercial bills. A.d J-iaA.2 II
/ Government bonds steady. State bond
/ quiet. Railroad bonds higher.