Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-14
MARKET QUOTATIONS.
FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &c, Foreign
and Domestic.
and Domestic.

NEW YORK. october 13.-To-days
stock market almost reversed the course
travorsed in yesterdays market, without
any change in the character Of the gene
raj outlook or the news. The bears made
a further very successful raid during the
and the decline in some stocks uncovered
further stop-loss orders and spread de-
moralization far and wide through the
list. But the aggressive mood Of the
bears disappeared during the afternoon,
and the latter part Of the day saw
steady hardening of prices. which carried
the level of the market quite materially
above last nights close.
The days range of prices was very wide,
net declines at one time running from /
quite active all day. The liquidation
during the decline was heavy, and the
volume Of trading on the rise showed a
marked diminution. The operators for
the reaction seemed to be satisfied with
the declines they had achieved, and their
purchases to cover short contracts were
instrumental in affecting the recovery,
but there were also evidences Of some
buying for long account.
Very firm resistance was encountered
in some of the stocks which had shown
greatest weakness. This was markedly
true Of Chicago Gas, and inside buying
was large and prominent. This stock
during the day went as low as last nights
close but the final sale showed a. net
gain OF 45-s, showing yesterdays heavy
decline more than recovered. Sugar was
the object Of special attack by the bears.
and was forced down at one time over 4
points, but recovered to about last nights
level.
The stocks Of Southern and Southwest
ern railroads showed less resiliency than
those of the general list, owing to the de-
creased earnings disclosed by late state
ments, as a result of Interruptions from
the yellowfever quarantine.
There were reports during the day that
further gold engagements would be an
nounced toward the end of the week. but
none are known TO have been made up
to this time The actual rates for ster-
ling exchange showed decline Of lac.
from last nights close, foreshadowing
further gold movement. Otherwise there
was nothing in the news Of the day to
change the general situation, and the
striking movement of prices can only be
assigned to purely technical results.
Bonds showed weakness i'm the early
trading. but recovered sharply, in sympa-
thy with stocks. The total sales were
100000. Government bonds were firm
and unchanged.
The total sales Of stocks to-day were
SIS, SEQ shares, including Atehison pre-
ferred, II 933; Chesapeake and Ohio, $3.50;
Burlington, $3.50; Louisville and Nash
Vile. 1870; Missouri Pacific, 1859; New
York Central, 1890; Chicago Northwest
ern. C.CSO; Northern Pacific preferred. "a
COS; Reading, lO.0sO; Rock Island, 1920;
St. Paul, $50; st. Paul and Omaha,
6.7lO; Southern Railway preferred, 6.Ss5;
Union Pacific. 1886: Wabash preferred.
5.1lO; American Tobacco. $50; Bay state
Gas. 1906; Chicago Gas. 1Oi525: Pacific
Mail, 5.6sj; Sugar. $780, Tennessee Coal
and Iron. $40: Western Unior&-. 6,J55;
Chicago Great Western, 1909.
MONEY AND EXCHANGE.
Money on call steady at 2l-2a3 per
cent; last loan at 3 per cent, and closing
offered al 1913 per cent; prime mercan-
tile paper, 41-445 per cent.
Sterling exchange easier, with Ectual
business in bankers bills at SiA Lao
s4S43-S for demand and $3s2ltSi.S2 Ia for
sixty days; posted rates. AS2 l-2nSLS IL
and s4.SJG$iSj IL; commercial bills, Asl.
Silver certificates, 81 l-2a5S; bar silver
81; Mexican dollars. 43 S-i.
Government bonds firm. State bends
dull, Railroad bonds steady.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cablegram says: The stock markets were
idle to-day. except West Australian
mines, which were good. The only
feature was the sharp slump in Ameri-
cans. almost entirely on New York scll-
ing. both there and here. At present
II Is supposed here that the fall is due
IN forced sales by bucket-shops in New
York. and If the cables confirm this view
there is a disposition TO rcpurchase at
the present levels, but the market Is
demoralized for the moment, and closed
weak.
on,nion as to the rise OF the Bank OF
EngIand discount rate is evenly divided
Nav York is still bidding for bar gold in
the open market
The Paris and Berlin markets were
Gun NEW YORK STOCK QUOTATIONS.