Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-09-09
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. September s.-Speculation
at the Stock Exchange during the carry
mart Of the trading was weak In tone
The traders were all working Tor io"f
prices. on the theory that reaction way
overdue. and they met with falr oe-
gree Of success in certain parts OF the
LIST notably Manhattan. Week cables
from London proved OF some assistance
TO the traders. and in the first half hour
or so OF business prices declined any
where from IA to 2 SIS per cent. Man
haitian was freely sold. and sustained the
heaviest loss. falling to 50 IL, against
s21-S AT the close on Saturday. The
street was flooded with rumors that the
directors. at a meeting 10 be held later
in the day. would reduce the dividend
because OF the poor earnings for the quar-
ter.
Manhattan's weakness affected the en-
tire list. but the losses were generally
confined to fractions. Around midday an
official announcement was made that the
directors Of the Manhattan had declared
the regular dividend Of IL per cent,
uays bic October LIST. No Official state
ment was given out, but 1t was intimated
that the company had big surplus, ana
that the management fully expected the
road 10 earn its dividend for the year on
account OF economies recently introduced.
The Western Union Executive Commit
tee have also recommended the payment
OF the regular quarterly dividend.
Another favorable development was the
statement Of the St Paul road for
the fiscal year ended June 30. 1886. This
report showed a surplus Of 2,6lS,a2,
against a deficit OF si02.735 In 1875. The
directors are to meet late In the week
and act on the dividend and the officials
OF the American Sugar Refining Com
pany will also convene for the same pur-
pose within n day or two.
The developments referred TO started
I'D business i'm a lively fashion I'm the
last hour OF business, and prices bound
ed up rapidly. sharp demand TO cover
short contracts prevailed at this time,
and commission houses were also more
active. The advance which followed
ranged from Ia to 31-2 per cent. Man
haitian rose 31-2. to 81: Sugar S-S. to
1lG1-4: Chicago Gas 21-S to 5s7-S; 81.
Paul lie, TO 20 II: Rock Island 23-s, to
O3-i: General Electric 49, 10 S5-S;
Louisville and Nashville 5-S. to Al 3-S;
Tennessee Coal ?. to % IA, and Western
Union us to 81 Ia.
Speculation closed strong. with prices
at or near the top figures OF the day.
Net changes show advances OF IL TO 81
per cent. on the day. The total sales
were 1911 .0e5 shares. including $500 st.
Paul. 1890 Sugar. and 20,4c Manhattan.
Bonds were dull. but strong. Sales
footed up 926.ooO.
Treasury balances: Coin, sli5S4, rs;
currency. s74.4s6l7o
MONEY AND EXCHANGE.
Money on call quiet, at 6q7 per cent;
last loan at G. and closing offered at 5q6
ner cent Prime mercantile paper,
per cent.
Bar silver. es1-l. Silver at the board
quiet. ,.,-
business in bankers bills at As2 Ia
s4S23-4 for sixty days. and AaQ$Ld Ia
for demand. Posted rates A.SaS4.s5.
Commercial bills, s4S1 1-4a$i.S2.
Government bonds steady. State bonds
AMI Railroad bonds higher.
STOCK QU CITATIONS.