Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-05
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.

7 NEW YORK. May 4-Several factors
combined to give a strong tone to the
market for stocks to-day, and the upward
course of prices was practically without
| interruption or any reactionary tendency
all day i'm nearly all of the standard
shares. The day closed with burst OF
animation and buoyancy of values
which have not been equalled on the
Exchange for many weeks. The bears
were fairly driven into a panic, and
rushed pell-mell to cover, prices jumping
with each succeeding sale. Large blocks
Of the plincipal stocks also changed
hands i'm quick succession for the long
account. The volume of trading in the
last hour was very large, especially In
Sugar. though the trading extended
pretty generally throughout the active
list. The sales Of Sugar shares aggre-
gated for the day over one fourth the
total sales, which were 2i0,0Oo shares, a
figure in excess OF any days sales for
weeks. There was notable activity also
in Chicago Gas, the Changers, and West
ern Union, and the Anthracite Coal
group was strong, though not quite so
conspicuous in the dealings.
The immediate cause for the buoyancy
Of the market was the reporting of the
tariff bill to the Senate. The properties
which are Immediately benefited by the
provisions OF the amended bill led in
the van, but the presentation Of the bill
to-day was unexpected In Wall street,
and the forwardness of the work to-
wards enactment, where delay was
counted upon in the committee, gave
an impetus to business in all securities
on the list.
Sugar naturally derived the greatest
benefit from the published provisions Of
the BILL and Tobacco and Leather did
not participate in the gains which re-
suited in other stock.
The strength of the market was
not al due to the presentation OF
the tariff bill. The weakness OF the
sterling exchange market indicated that
the further shipments OF gold on Satur-
day were less than was thought. De-
mand sterling was weak at Si.6 Ia and
transactions occurred at $iN fiat. Bank
ers have not, however, definitely con-
cluded not TO ship.
The Gould stocks were the centres OF
the bears efforts to work reaction in
the market, and were depressed.
The total sale of stocks amounted TO
TO- LJV Silditst <AAiIAiNAAt ~
bacco, 500; American Sugar Refining,
$500; Burlington and Quincy, 1900;
Chicago Gas, 800; Delaware and Hud-
son. $500; Manhattan Consolidated, $500;
Missouri Pacific, $780, Omaha, 900,
Reading. 1890; st. Paul, 1920; Western
Union Telegraph Company, 1O,iD.
Railway bonds also moved up on large
dealings. The business was fairly well
distributed, with the market deriving It's
chief strength from the favorable fac
tors operating in the stock market. The
aggregate sales were $1,000.
Transactions in governments were gen.
orally noted at slight gains over yester-
days net close, with the aggregate deal
ngs amounting to 2i,O0O.
MONEY AND EXCHANGE.
Money OIL call frmer at i-242 per cent;
last loan at / 3-4 per cent; closed at l-2W
"a per cent; prime mercantile paper
1-2ul per cent.
Sterling exchange weak. with actual
business i'm bankers bills at A.S7 Liza
s.S71-2 for demand and si.S5NSis6 Ia for
sixty days: posted rates, %.s6 l-iasiS'
and si.SSqsASS -; commercial bills, SiS)g
S' Silver certificates, 6O7-Sasl ii; bar sill
yer. 60 81. ca.
Government bonds firm; state bonds
d,sl: railroad bonds firm.
petroleum steady.
WV YORK STOCK QUOTATIONS.