Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-29
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
MESS CENTRES OF THE WORLD.
Prices OF Money, bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
and Domestic.

stock market was exclusively in the
hands Of the professional traders, and
contained nothing of significance In Its
bearing on the general condition Of the
country. The market was inactive, and
the movement of prices was sluggish
I'Trading was almost stagnant at times.
The traders did the best they could 10
influence prices by manipulative buying
and selling, and by the dissemination
as news Of rumors corresponding TO their
respective hopes and fears. The only
response of any moment was shown in
special cases, with a slight sentimental
effect on the general list, but the profess
SIGNALS were unable to induce any follow
ing, and in meeting their earlier con-
tracts, carried prices back to near the
starting prices.
| One Of the special stocks affected was
Pacific Mail, which declined at one time
| IA, on account of the decline in earn
ings shown by its September statement
The stock recovered TO within fraction
of last nights close.
Sugar. after q substantial gain, fell
2 IL points, but also recovered 70 a net
decline Of fraction
The Coalers as a group were weak,
on the unsatisfactory condition OF the
trade. Notwithstanding recoveries near
the close, their net losses were a point
or over. The erain-carrying roads, on
the other hand displayed frmness,
which was principally due to roseate
forecasts of the September earnings of
Burlington, the statement of which is
yet to be published. BY reason of this
influence. results are generally a frac-
ton higher, except in the case of some
southern roads and Coalers, while the
Industrials and Specialities are generally
lower There was still some disposition
TO advance fears on the Cuban question
as a motive for the selling.
Union Pacific was less active, and was
uncertain in its movements, on account
of the doubts OF just what changes in the
plans of the Reorganization Committee
are involved. The stock closed 3-S higher.
The arrangements for the payment TO
the government, and for the govern
ments payment OF bonds coming due on
January LIST, are also looked forward TO
with interest, for their effect on the
money market. 1t is believed that the
one will be timed to Offset the other
large an amount of money out of the
market. The sum to be paid to the
government will considerably exceed that
to be paid out on this account, but
the excess Of disbursements over re-
ceipts, in the daily operations Of the
treasury, will help 10 make this up. 1t
is believed that any marked effect on
the cost of money will thus be avoided.
Central of Georgia, second incomes, de-
cllned / rs, and the third incomes a
point. Kansas and Texas issues were
weak.
Dealings IN bonds were not on large
scale Total sales, $l,560.000 United !
States SIS were advanced is bid.
The total sales of stocks to-day were |
257, 600 shares, including Atchison pre-
ferred, $500; Burlington, 20,935; Louisville |
and Nashville, 100; Missouri Pacific, |
6. $50; Northern Pacific preferred, 5.567; |
Rock Island, goo; st. Paul, 1880; Union |
Pacific. Is, $50; Chicago Gas, 2l,170; Pacific |
Mail, 6,S77; Sugar, S1.14; Tennessee Coal
and Iron, 1907; Chicago Great Western,
8, go.
MONEY AND EXCHANGE.
Money on call easy at 1-2a2 per cent;
last loan at per cent; closing onered
At l-2q2 per cent; prime mercantile pa
per, 3-iQ41-2 per cent.
Sterling exchange steady, with actual
business in bankers bills at S4.5 l-S9
a IS IA for demand and at A.2 l-iQ
A. So S-S for sixty days; commercial Bills
A. SlGs4.l 1-2.
Bar silver, So 3-S. Mexican dollars, IS.
silver certificates. IS 1900.
Government bonds firm. State bonds
lull. Railroad bonds heavy.
The Evening Posts financial cablegram
avs: To-day the market opened with
Irregular movement. Consols and Kin
red stocks were better. Americans ana
canadian Pacifcs opened fiat, but re-
overed before the New York prices ar
lved. partly on more cheerful state
oents of the Cuban question and partly
n genuine purchases here. There was
urther recovery later. but the close was
I fraction under the best. 8raziis
yere weak.
paris and Berlin markets firm.
Details of gold for this week are HUI
a for the Cape. $4,000 in eagles, and '
n O0O In sovereigns for the Continent.
,ro-day the market has borrowed
,rther small amount from the Bank, but '
10 rank also has repaid a certain '
mount 10 the market OF the total bor-
,wed early in the month. A