Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-07
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.
and Domestic.

NEW YORK, October 6.-The bulls
maintained a waiting attitude for the
most part In to-day's market, and the
bears were successful in shaking out
further stop-loss orders and depressing
the general level of the market a further
stock to sell, and the bears are thus
encouraged to continue their efforts.
Where there is evidence Of realizing they
apply pressure by short selling, and so
precipitate the decline to a point where
the stop-loss orders are added to the
weight on the market. The consequence
of this policy was some very sharp de-
clnes In special stocks during the day,
Sugar Chicago Gas, Manhattan l., Bay
State Gas, and the Changers being the
objects Of the most aggressive attacks.
The lowest prices of the day were made
early in the final hour, but the last half
hour of the trading saw steady harden
ing Of prices, which materially reduced
the net losses. All the factors in the
general situation indicated continued
increase in actual values, and there was
no assignabe cause for the decline, ex
cept the extra level Of prices which had
been attained.
One of the features Of the day was
large buying in Pennsylvania, and a
sharp rise in the price of the stock.
The announcement of the withdrawal
from the Bank OF England Of 100000 in
American eagles for shipment TO New
York had only a momentary effect in
steadying prices. This was the more
noticeable as the movement is considered
to be the beginning Of a steady import
of gold. Steering exchange sold at $i.Si IA
to-day, that price being offered at sellers
option for the rest Of the month. The
ample supply of gold at present in the
country accounts for the small impress
sion produced. New York banks now
hold s9S. SC5. 100 in specie. The last of the
first lot of gold engaged in Europe for
import two weeks ago has arrived from
Genoa. and been deposited to the account
of importers.
Although the New York banks have
lost in the last two weeks $l66O5,30o Of
their deposits. the specie in the cash re-
serve has shown an actual increase In
the same time.
The United States Treasury gold reserve
has also been increasing at the rate of
a quarter of million dollars a day for
several days past. The rates for money
I'm the New York market show no further
tendency to harden. If all these circm-
stances are taken into account, ii will
not seem surprising that small i'm
portance attaches to the movement Of
gold hither.
London was a buyer of stocks in this
market to-day and the statements OF
railroad earnings all continued to show
increases. Nevertheless, the result of
the days irregular trading is the show
ing of net losses extending from n frac-
ton to over a point throughout the listt
The dealings in bonds were somewhat
larger than those of yesterday, and prices
declined, in sympathy with stocks Total
sales. slGG5,OOO United States old AZ,
registered. were advanced Is bid to-day.
There were sales of the old As at 1120
1121-2. and of the SIS, coupon, at 115.
The total sales of stocks to-day were
SS5. 500 shares, including Atchison pre-
ferred $3.50; Chicago, Burlington and
Quincy. 9,4G5; Louisville and Nashville,
LAS; Manhattan L., 1852; Missouri Pa
cifc. 1880: Northern Pacific preferred.
10 425; Reading. 1880; Rock Island, 2O,4iO;
st. Paul 2453j; Union Pacific, PASS;
American Tobacco. $500; Bay State Gas.
1920: Chicago Gas, 5O,236; Sugar. 1900;
Western Union, 6,66O; Chicago Great
Western, $40.
MONEY AND EXCHANGE.
Money on call steady at 21-2Q3 per
cent; last loan at 2 IL per cent; closing
offered at 1-2 per cent; prime mercan-
tile paper 41-2N5 per cent.
Sterling exchange easier, with actual
business in bankers bills at A.A La
A.Si3-S for demand. and A.2 1-4G$i.2 IL
for sixty days; posted rates, $i.& l-2g
a "a and 81 S50S4. So; commercial bills, $4S1.
silver certificates. 55d56 IL; bar silver.
So 11-l6 Mexican dollars, 4S.
Government bonds firm. state bonds
dull Railroad bonds weak.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cablegram says: The stock markets
were steady and quiet to-day. West
Australia mines are still booming, but
with signs of weakness. Americans
onened dull. but over the parity. There
was scarcely any selling here, and the
absence from the markets OF the He
brews restricted arbitrage dealings.
Prices were steady at the close.
The withdrawal Of 100000 in gold from
the Bank of England for America had
little effect on the market for shares,
where il is argued that New York does
not want gold especially, but does desire
"a resell 10 London the shares recently
sbinned from here. The firmness in to-
dav,s london discount market is due to
the GOLD shipments TO New York.
The Paris Bourse was dull and the
Berlin market dull