Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-11-12
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
aud Domestic.

NEW YORK, November 1.-the secutl-
" markets were less active to-day
the sales OF stocks footing up Sl6,9o5
shares. and Of railway and miscellane-
Gus bonds. S2,n40o0. AS compared with
previous days Of the week. both totals
show a falling off, The tendency Of
prices was downward but the decline
was stubbornly contested throughout. As
Of late, the selling was mainly for
professionals, who are working for a
reaction. although here and there in the
list sales to realize profits We're noted.
In view of the advance. these sales ex-
cited little or no comment.
At the start, lower cables from Lon
don and the poor showing OF the 81
paul for the first week I'm November had
an adverse influence. Prices broke II
uer cent. for Manhattan, to 100 IL, and
the general market ran off 1-4ul 5-S per
cent. Sugar being most prominent. The
break in Manhattan was due TO the us
appointment felt i'm certain quarters over
the annual election. IL was expected
that the new board would contain at
least one of the representatives, or
leading life-insurance company, but TINS
proving not the case recent buyers turn
ed sellers. Toward midday the mar
ket assumed a firmer tone, ana cominls-
sion houses reported an increase IN out
side orders, the result OF the Succession
negotiation Of the Venezuelan aroltrauoh
treaty.
AZ the dav wore along the bears be-
came more aggressive. and an unfounde,
rumor Of the death of Cornelius Nand.r-
bilt was used with some effect. sugar,
the Changers. Louisville and nashville
Western Union. Tennessee Coal, south
ern Railway preferred, and Northern IA
cfGc preferred were especially weak. Con-
sidering the efforts put forth, the decline
I'm prices was unimpOrtant. The iact OF
the matter IS that the feeling Is decided
ly confident as to the future, ana
stocks are finding ready buyers at each
concession.
Confidence was stimulated by the de-
claration of the usual dividend by the
Burlington and quincy. the action OF the
biturninous coal-carricrs Of the Ohio VAL
lev IN forming a traffic ASSOCIATION
for three years, the increasing ease IN
nancy. and the successful placing OF the
New York city loan. These bonds were
awarded on a basis which returns an
annual income Of 3.2 per cent. Already
sales have been made to private invest
ors at an advance.
In the ldLt htdAuk1f oA,HA NNNi''''A
100, The company at the opening OF busi-
ness announced an advance Of Is per
cent. in refined sugar. but later a reduc-
ton Of equal proportions was made.
Manhattan, breaking to 100 IA. rallied
10 1O2 is. and receded to 100 3-SnlOl.
Speculation closed weak. Net changes
show losses of 1-4d1 per cent, outside
of Manhattan. which left off ? II hlgher'
Tobacco was I'm demand, and rose 10
| 50 IS. on an unfounded report Of set
| Element Of the rate war with the western
plug manufacturers.
Bonds were weak, in sympathy with the
stock market. The sales footed up S2,4l4'-
| CO. ...oo--o,-.
Treasury balances: Coin, Sll99H9fI;
| currency. S4953,9i2.
MONEY AND EXCHANGE.
Money on call easy. at 30i IL per cent
last loan at3. and closing offered at
per cent. Prime mercantile paper 64'
' Bar silver, a7-S. Silver at the board
| quiet. .,.,.
Sterling exchange dull, but steady, with
actual business in bankers bills at sLS24
siS91-i for sixty days. and AS LA
| sass - for demand. Posted rates. SiS2 l.
Gs4s6. Commercial bills. $50 l-2aASl II
| Government bonds lower. State bonds
| dull. Railroad bonds weak.