Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-11
MARKET QUOTATIONS.
REPORTS FROM AIL GREAT nusi-
xEss CENTRES OF THE WORLD.
Prices Of Money. Beads, Stocks,
0rnin, Tobacco, Cotton, Cattle,
Country Produce. 20. TereigA


vailed before the heavy declines OF last
Monday and Friday. The buying was
strong and confident, and the upward
course OF prices. except in a few cases,
was practically uninterrupted all day.
until some profit-taking at the close
brought recessions from the best prices.
The factor of greatest influence was
the decision of the appellate division Of
the Supreme Court at Albany in the
matter OF the coal trust inquiry. Reports
of this decision had 1t that the decree
of the lower court, revoking its order
compelling the coal trust presidents to
appear before referee. had been affirm
ed. AS the lower court, in revoking
this order, had distinctly expressed its
opinion that the so-called antitrust law
was unconstitutional, 1t was inferred that
to-day's decision had denied the con-
stitutionality OF the law. Apparently,
this inference was maintained in the
stock market until the close OF trading.
although the Court distinctly disclaims
that II is passing upon the constitution
atty Of the law, as 1t is not necessary
for the absolute determination OF the
question. However, the Wall Street in
depreciation Of the decision gave a very
strong upward impetus to all stocks
affected by the law.
The CoaIers were most markedly af-
fected, as being the subject of the spe-
cial suit under trial. and they show
gains extending TO 3 IL in the case OF
Delaware and Hudson, but every Indus
trial stock on the list was also sharply
affected by this report, in view OF the
fact that the statute was understood TO
be directed against the great combina-
tions of capital. Cotton oil preferred,
was benefited to the extent OF four
points, Sugar nearly two points, and
others to the extent of point or over.
But the strength of the market was
by no means confined TO these stocks.
though the general strength was In part
due TO sympathy with them. Much was
made of the declaration by the Spanish
Prime Minister as to the friendly lnteh-
lions of his government towards this, ond
of the report from Washington Of the sat
isfaction which seemed to be felt by the
President and members of the Cabinet
over the Spanish reply to United-States-
Minister Woodfords note.
Returns of railroad earnings for the ffst
week in November show a continuance
of heavy traffic where the cotton move
ment is augmented by release OF duaran-
tine, and also in the West, where the
falling off in the grain movement might
be expected to cause declines In earnings.
There were quite extensive purchases
in this market for London account OF
several International stocks, st. Paul.
however. being sold for that account.
The whole spirit of the trading was
ic1a nd
over are frequent throughout the list.
Norfolk and Western preferred showed
a net gain of 21-4, and Lake Shore one OF
2 points.
400 600 shares. and over one fourth OF
these were of Sugar, Burlington, and ST.
Paul.
In the bond market there was consid-
cradle activity, and prices advanced, IN
sympathy with stocks. Total sales si'sOV'-
600.
THE total sales OF stocks to-uaY were
se7 zoo shares. including Atchison pre-
ferred ELS: Chesapeake and Ohio. $3.50;
burlington. 1900; Louisville and Nash
willie. 1890; Manhattan, 1910; missouri
pacific 10 l04: New Jersey Central 12,601;
northern Pacific preferred, 1855; Reading,
3 57o. Rock Island, 25,o45; ST. Paul. Ss.4lO;
Union Pacific 1896; American Tooacco'
CLEO: Bay State Gas, 5000; Chicago Gas,
n go: Sugar. $40; Tennessee Coal ana
Iron. 1880; Chicago Great western 300
MONEY AND EXCHANGE.
Money ON call steady at 1902 per cent;
last loan at 2 per cent; closing onereo at
1922 per cent; prime mercantile papei'
1-2q4 IL per cent ,,,s,-
Sterling exchange firm, with actuai jus
ness in bankers bills at A.So l-4Q$i.S go
for demand and s4.S2 la ~ "a TOT s.A ',
days; posted rates, Si'oS i--eSf''0 80
mercial bills. Si.d 81. IT..
Silver certificates, 81 l-2uoS' OAR siNei'
II as: Mexican dollars, A ga
covernment bonds firm. State bonds
dull Railroad bonds strong.
LONDON STOCK MARKETS.
The Evening Posts London hnancial
cobIegram says The speeches al inc
Lord Mayors banquet last night hao
aood erect on stocks generally ana al
g. arLcts were strong to-day, except
Kafiirs. an, -,.,,a Tbero
,vas a fair but cautious demand for them
here to-day. and the close was paaou-
Ill, az the best, with Union racine as
the feature of strength. en- mn q,
Cold was I'm strong demand; t4o'VVv -,
lie was sold by the Bank or Ensiahu
totdev II is understood, for the CONT
uort hut no one is quite sure.
The Indian Government announces
t,rthar suspension Of weekly drawings
for at least four weeks. MN
Money is tighter, probably nearly ti,v o
900 having been borrowed from the saha,
III thus So confirming my former cables th NAT
. .hsD market would be more or less In the
Rank's hands till Christmas.
The paris Bourse was firm. There wee
,oree dealings in Tinto copper mines.
The Rerlin market was firm.
.vw WORK STOCK QUOTATIONS.