Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-11-10
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 STOCK MARKET.


NEW YORK, November 9-Stocks
were irregular, but, I'm the main, hrm.
The irregularity of prices was the result
OF realizations by professional operators,
who bought at considerably lower prices
and who now believe that reacton Is
overdue. Early advices from London
ranorted n lower range for American Sc
curities.
The advance in sterling exchange gave
rise to talk about gold exports but TINS
had little influence with those famihar
with the situation.
A feature of the market was buying
Of the low-prlced issues. and the execu-
ton OF orders for the gilt-edged stocks
such as Lackawanna, Lake Shore, Con
solidated Gas, etc.-by commission houses
Under this process Lake Shore rose to
1ss. L.ackawanna to 1912, and Consol-
dated Gas to 16s IL. The activity ana
strength OF these as well as other stocks
resulted from the continued easy WORK
ing of the money market, the turther Use
i'm wheat and advices from various
sections of the country in regard 10
the RESUMPTION Of work by mills ana
manufactures, which hold our the nope
OF increased railway traffic during the
winter months.
Manhattan was conspicuous for an
advance from 80 Ii 10 1O2 IA. on ruInors
that the alleged deal between the COM
pany and the Metropolitan Traction WIN
be carried through, denials by of1cials
of the companies 70 the contrary not
withstanding.
Among the iow-priced stocks, Hooking
Valley, Colorado Fuel and Iron, Texas
Pacific, and Northern Pacific were proml-
nent. The jump in the first-named was
due to reports that the meeting OF the
representatives of the bitumlnous coal
roads TO be held in this city to-mor-
row will result in a new agreement, IA
vorable TO the bituminous coal roads. 1t
was also said that the Hooking Valley
had concluded new traffic arrangements
with the Norfolk and Western, the Flint
and Pere, Marquette, and other lines,
which will add materially to the earnings
of the company.
Sugar and Chicago Gas were weak Tor
n time, the former selling off IL TO
100 81. and the latter Is. to 7G 3-8: but
later there was rise to 122 SIS. and II "a,
respectively The Granger group was
not materially changed at any time from
Saturdays closing figures.
Inc SlItustu VI llit HliihtA III Niit ie'''
transactions was due partly to the
knowledge that the New York city bonds
would be heavily oversubscribed. The
market closed strong I'm tone Net changes
show gains of Ia to 2 i-2 per cent. out
side of Consolidated Gas which gained
6 IL per cent. Bay State Gas. after ad-
vancing 1 1-2. to IS. broke TO and closed
at IL H. The total sales were 1872 l67
shares, Including 1880 Reading. %, 900
Sugar. "a. 100 ST. Paul, and 2i,foO Burling-
ton and quincy.
Trading I'm railway and miscellaneous
bonds was on a heavy scale, $509,0O0
changing hands.
Treasury balances: Coin. sli9, $40, 100;
currency. s5i,2lS,2C0.
MONEY AND EXCHANGE.
Money on call easy. at 4a5 per cent. !;
last loan and closing offered at q
per cent. Prime mercantile paper, sal
per cent.
Bar silver, CSC. Silver at the board
quiet.
Sterling exchange strong. with actual
business in bankers bills at SiS2 3-ilp
As31-l for sixty days and A.S5 3-f6siS5
for demand. Posted rates fL3 1-2Gs4S7
Commercial bills, $LSl 1-i0AS2 Ia.
Government bonds strong. State bonds
steady. Railroad bonds higher.