Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-18
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT DUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Foreign
md Domestic.
and Domestic.

message calling for an appropriation 10
relieve destitute American citizens in
Cuba proved far less hostile in tone to-
wards Spain than the dealers in secu-
rites had apparently persuaded them
selves that It would be, and the market
strengthened on its publication, recover
ing some part of the loss that ensued
upon early limitations that the mes
sage was forthcoming and that its tone
toward Spain would be extremely pro-
vocative. with the exception Of a few
weak spots in the market, due to causes
peculiar 10 the stocks affected. the
market was strong all around to-day,
and even the limitations from Wash
ington that early action In the Senate
on Cuban belligerency was PROBABLE, did
not weaken the tone Of speculation. The
traders. however, apparently persuaded
themselves that there is much less dan
ger to values in action by the govern
ment in Cuban affairs than they have
felt during previous agltations Of the
subject.
The dealings on the Exchange. how
ever, still continue almost wholly pro-
fessional and exceedingly restricted in
volume, and the movements of prices re-
feet little more than board-room man
ocuvres for short turns. and no very de-
finite opinion on general conditions. The
renewed uneasiness apparent on the
London Exchange over the truculent at
titude OF the Turks towards the Greeks
was reflected here to some extent, at the
opening but the weakness was over
come early in the session
The easier tone of the exchange
market both on London and Paris. was
factor In strengthening the market.
1t does not escape notice that the flow
OF gold into the United States Treasury
keeps up steadily, and that I'm the inter-
walls between the Withdrawals for ship
ment. the Treasury's gold reserve tends
Immediately toward replenishment.
The prospects of large grain crops.
which had the effect OF weakening the
wheat market, tended the other way in
the market for railway shares, the
Changers especially being in excellent
demand, Notwithstanding the small east
bound shipments reported. and rumors
OF rate-cutting by western roads, and
recriminaton on that account between
the roads
one third of the transactions on the
Exchange were i'm Chicago Gas and
Sugar the former leading the market in
a buying movement, which advanced the
price 21-i on the day. Sugar was weak
early, but scored a net gain Of a frac-
ton on the day.
Tobacco was weak on the Illinois de-
cision denying the legality of the COM
pany but inside support was forth
coming. and the loss was mostly re-
covered
Early strength in the Coalers. amount
| ing 10 a rise of IA in New Jersey Cen
trail, was followed by heaviness, and the
| gains were more than wiped out. Gene
raj Electric seems to have been caught
without support by the bears, and was
| sold down SIS. only the fraction being
regained. The Gould shares advanced on
| covering early. but developed weakness
| later in the day. Fractional gains were
| very general throughout the list.
London sold some stocks on arb!trage
| early, but later became a buyer. and II
| is estimated bought some 1000 share.
| more than were sold
The total sale of stocks for the day
| amounted to .335 shares. including
| American Tobacco Company, $500
American Sugar Refinery. 2O660; Bur
| lington and Quincy. 1900; Chicago Gas
| 700; General Electric. 1O,6O0; Manhattan
| Consolidated $500; st. Paul, 10, zoo; New
| Jersey Central, 900.
The bond market displayed little fea-
/ ture, but prices We're well held. and a
! firm undertone was apparent. Fluctua-
lions were unusually narrow, and but
! little attention was paid to the prominent
issues. The aggregate sales were 100000
Governments ruled heavy. and receded
fraction for some issues. The sales
were 5000 State bonds were more
prominent in the speculation, and inn
proved generally on purchases of $1,000.
MONEY AND EXCHANGE.
Money on call easy at 1-lG11-2 per
! cent: last loan at / IL per cent; closing
offered at 1-fG1 1-2 per cent. prime mer-
camille paper, 1-20i per cent.
Sterling exchange easier, with actual
bnsiness in bankers bills at $T Lao
! e. 81 2-s for demand. and &.S5 l-SaA.S6 IL
for sixty days; posted rates. AS and
! 81 sSGsiSS IL; commercial bills. As5 LA
silver certificates. co 1-Sd6o 1-2; bar sill
,,er 81 Is: Mexican dollars. AZ 81.
/ Government bonds weak; State bonds
duI. railroad bonds firm.
NEW YORK STOCK QUOTATIONS..