Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-12
MARKET QUOTATIONS.
REPORTS FRoM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country rroduce, &c, Foreign
and Domestic.
and Domestic.


NEW YORK. October 1.-THE bear
campaign On the Stock Exchange to-day
furnished its prototype in the feat Of that
illustrious French monarch who led his
army up the hill and then led II back
again. Only, the anterior manoeuvre on
the part of the stock market bears was
that Of pretended retreat. with all the
panoply Of woe and with all the trap
pings Of defeat, sounding aloud their
lamentations and alarm of dangers that
beset the values Of stocks. In their
acute apprehension over the prospective
decline in prices, they sold numerous
stocks which they did not possess, and
induced some few other persons to sell
their holdings. But the large part Of
the selling proved to be confined to the
professional reactionists. The failure
induce any large liquidation and q
news Of widespread rains in the We
breaking the long-contnued drought az
monshed the bears to secure stocks wit
which to ill selling contracts they Ia,
made. Their buying TO cover carrie
them back over about the same cOurs,
they had followed, 50 that the me-
changes are very narrow in almost al
cases. This was 50 even Of Chicago Gas
which ranged over more than two points
in a very erratic manner and on large
transactions. 1t was true, also, of Con-
soldated Gas, which took one of its
characteristic tumbles of four points,
and then recovered.
The marked declines of the morning
i'm the Southwestern stocks and the
Changers were also largely recovered,
many stocks, particularly the Changers,
rising above Saturdays level. State
ments of railroad earnings for the first
week in October. received during the
day, showed continued Improvement.
Actual rates for sterling exchange fell
again to $lS41 II for demand. and to
A.S21-4 for sixty days. This is said to
be at the gold-import point. in spite of
the fact that the Bank Of England to-
day advanced its price for American
eagles to &c shillngs, Z 1-2 pence, against
70 shillings, SIP pence at the time last
weeks engagements for imports were
made. Rates for time money continued
easy, and there was good demand for
commercial paper, which was also in good
supply
Notwithstanding the cessation OF the
bear attack on the market and the sub
sidence Of the apprehensions that have
recently beset some Of the traders. the
buying was as much confined TO the
bear element as the selling had been
and there was little indication OF any
resumption of widespread and effective
interest in the market.
Bonds were rather dull, but generally
improved before the close. Total sales
4 al. old
higher bid, and the new As sold at
12G rs, the high record.
The total sales of stocks to-day were
3so.5OO shares. including Atchison pre-
ferred. $685. Chesapeake and Ohio $3.50;
Chicago. Burlington and quincy, 270S5;
Louisville and Nashville, 1893; Missouri
Pacific Is 400; New York Central G.3i0;
Northern Pacific. 1900; do. preferred,
10 POS: Reading, $500; Rock Island, u, 49,;
St. Paul, 25.49S; Union Pacific. l2l10;
Wabash preferred $50; Bay state Gas,
$50; Chicago Gas. 70225; Sugar, 1885;
Chicago Great Western, 1000.
MONEY AND EXCHANGE.
Money on call steady at 21-2q3 per
cent; last loan at 3 per cent; closing
offered at 3 per cent; prime mercantile
paper 1-iG5 per cent.
Sterling exchange easier with actual
business in bankers bills at &A La
ASH for demand, and Si.S2 l-4a$iS2 3-S
or sixty days; posted rates, $4.S0AS IL
ma $4S5 -; commercial bills, A.Sl.
Silver certificates, 81 II; bar silver, 81;
Mexican dollars, - -.
Government bonds hrmer. State bonds
lun Railroad bonds heavy.
FOREIGN MONEY MARKETS.
The Evening Posts London financial !
,ablegram says: The rise in the German |
Bank discount rates from to per cent !
vas regarded as indicating the probability |
If a rise in the Bank of England rate on |
Thursday. and the market soon went dull |
md heavy The market generally, how |
.ver. does not know of the banks action |
n raising the price Of gold which might |
fleet the question of rate on Thursday
lot that l am indicating that a change |
win not be made.
Americans were duh, and the market
n sympathy with the New York tone, |
md assisted by the maturing of large |
,ntions here: The settlement in mines
hows a large account in West Austria
lans. Large capitalists are employing |
money I'm that market, which is booming.
[afIirs were rather good, but closed un-
Ter the best
Newfoundland is issuing. at S1-2 per
ont a 3 per cent. loan for i325,00J to
,av for the Newfoundland railway, re-
emily built.
,rhe paris Bourse was dull. and the
,erIin market was unsettled by the
hange in the bank rate.
INV WORK STOCK QUOTATIONS.