Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-04-08
MARKET QUOTATIONS
REPORTS FROM ALL GREAT RUsi-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds, STOCKS
Grain. Tobacco, Cotton, Cattle
Country Produce, &C, Foreign
and Domestic.

NEW YORK, April Tobacco doomed
into prominence again today, the deal
iugs I'm the stock footing up $500 shares
I'm a grand total OF 1850 shares. At the
opening the shares ruled firm at SAG
s. IA. but as the day wore along there
were liberal offerings Of long stock, on
reports OF the serious illness Of ole Of
the southern directors Of the company.
Another story was to the effect that an
Injunction had been, or would be. APP
plied for TO restrain the distribution
OF the scrip dividend recently declared
The weakness Of this speciality had no
Influence on the general run OF active
stocks, which scored net gains on the
day.
In the early trading, speculation vas
strong much TO the surprise OF the orc
fessjonal traders, who were free sellers
of the market yesterday. on the passage
OF the Cuban resolutions by the House.
The impression was that the action OF
the House would have an unlaV0raOle IN
fiuence abroad, but, as a matter OF fact'
London paid little attention 10 the mat
ter. and early cables showed that Amerl-
can securities in London were on parity
with our closing figures on Monday. Loca,
shorts then started in to cover, and
prices moved UP l-fQ3-S per cent. all
around. Sugar, Union Pacific, Chicago
Gas the Grangers, and General Electric
were especially firm. Sugar moved up to
1lg IS An advance In the price OF re-
fined of lie per cent. per pound, ana a
heller that the company IS in control
OF the raW-sugar market, having lea 10
nurchases Of the stock. Union Paclhc
sold I'D to 3 is, on the progress Inakihs
I'm the refunding scheme Louisville anu
Nashville. however. was heavy, on Tor
eign Gales. and broke from - rs 10 4o'i'
There was very little doing in the gene
raj list. and the market held tolefably
firm The firm strength or sterllhS eN
change was much commented upon, ana
there were rumors Of shipment Oh Sl'oV'-
900 gold by Saturdays European steam
ers. Bearing on the effiux OF gold' IL was
announced that several OF the depository
banks holding government fuhds on Donu
account had turned into the Sub-Treasury
a rart OF their holdings in anticipation
OF a call by the Treasury Department to-
morrow. As foreign bankers are ofIer-
ing four months money at per cent, the
effect of a government call at this time
Is problematicaL
Speculation closed firm In tone. Net
changes show gains OF lin per cent.
Tobacco lost SIS. and Manhattan J per
cent. on the specialtles; Nickel Pate
first. preferred, S-S.
Bonds were quiet ard firmer. The sales
footed up only $653,O9. .-o-..-
Treasury balances: Coin, Si27, 779; cur
rency. $9O.sG59CG.
MONEY AND EXCHANGE.
Money on call easy at SaSlz per cent;
last loan at g. and, closing, offered at 3;
ur,me mercantile paper. 5iA06 per cent
Bar silver, GS l-Sc. silver at the board
dun.
Sterling exchange firm with actual
business in bankers bills at A@aa.S -
for sixty days, and Si.Ssafi.9 81 II tor DE-
mand. posted rates, As9fi $3.50; CONNER
ciaI bills, SLS7q$AG$..
Government bonds firm; state bonds
quiet: railroad bonds firm.