Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-09
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
and Dome site.

OF sugar were auGeu ABOUT HdiA VI
the total sales were accounted for. The
dealings In Chicago Gas consisted for
the most part of quite heavy realizing
sales, and the price suffered according
ly, although there was some recupera-
tive power In the stock. The loss
amounted to 3-4 and an accompanying
drive at number of the Specialties con-
stituteG a pretty heavy drag on the mar
ket which was well resisted, however,
in the case Of the railways. New Jer-
sey Central was subjected to special
pressure, and lost IFS. Sugar also sold
off rs, and Western Union "a. The losses
were restricted to less important frac-
lions in other stocks.
A light demand for the Granger
shares developed after the first hour,
and this, coupled with the demand from
the shorts, was sufficient TO check the
downward course of prices, and bring
about a slight rally In the narrow mar
ket. The resulting gains. however, ala
not extend beyond fractions, and the net
changes in all cases were quite unim-
portant. OF outside securities. Standard
Oil liquidating certificates were sold at
terday. The advance was accompanied
by rumors of the formation Of new
company with resulting advantages
from the ownership Of the certificates
The history of the week, as IL refers
10 dealing in securities, has been I'M
usually barren of incident. The unex-
pected reporting Of the tariff bill TO the
Senate was accepted as a bull factor
In the market One or two securities
showed loss of value on account of ad-
verse provisions In the amended bill. and
Others notably Sugar. showed notable
strength on account of advantageous
provisions, thus sending a sympathetic
stimulus through the market. The in
ferential deduction that the final enact
ment of the bill into law was nearer
at hand than had been supposed en-
couraged professional traders TO buy,
reasoning from the Wall-street stand
point that business Improvement Is wait
ing on the disposal by Congress of the
tariff question.
The dealings or Tuesday were, there
fore animated and the general trend
of prices was upward. Reports OF the
influential character of the opposition to
some Of the provisions of the bill caused
reaction next day, the mercurlal
traders rushing to the opposite conclu-
sion that there WOuld pIODdDly NC ~
tariff bill enacted at all.
London paid little attention to Ameri-
can securities. which were all weak
The price Of Sugar. which touched lis
on the announcement of the Senate Com
mittees sugar schedule, reacted next
day, on the reports OF opposition to that
schedule. and has since shown some evil
dences of restraint, attributed to a po-
litic purpose TO prevent too-oDVlous
response in the price to the Dement'S TO
accrue from the legislation.
The formal offer of intervention by the
Powers in the Greeco-Turkish war has
been accepted in Wall street as bene-
fetal factor in the outlook, in accord
ance with the view reflected from the
foreign exchanges. The suDsldehce Oh
the war scare has left the wheat mar
ket comparatively strong. which is
counted an additional benefit to the
share market and especially the Gran
gers. as shown by the demand for them
The heaviest drag on the market du-
ring the week has been the heaviness
of the so-called Gould stocks. Missouri
Pacific touched TO- the lowest price on
record. and Western Union 70 5-S.
The eccentricities OF the exchange mar
ket and the gold movement continue
puzzle to traders. The sales of the bills
against this weeks shipments, which
aggregated s2.50o,0O0, we're MADE at
price of $lS7 Ia or under, which is con-
siderably below where any proht can De
figured in the transaction. saturday
shipment came as total surprise ana
opinions differ widely as to whether iur-
Their shipments will be made next week.
The low price Of sterling exchange. the
rise I'm the Paris rate on London, the
reduction in the price Of bar gold ana
American eagles in London, and the
continued low rate Of discount Tor
money there. all indicate the contrary.
The outgoing gold movement has de-
terrent effect on advance in prices, put
the effect is largely sentimental and
no serious apprehensions are felt for the
nations supply OF gold, or for the ef1ect
on its currency
Some of the notable advances In value
during the week were: Brooklyn Union
Gas. els; Consolidated Gas, 4; Metro
politan Traction, IFS; Sugar ana LAKE
shore. 31-2; Northern Pacific, preferred
American Spirits preferred, and Della
ware and Hudson, 2 IL; Cotton OH pre-
ferred. 23-4: Tobacco, 21-4; Burlington.
28-S. and st. Paul, 17-S. In many OF
these cases these figures show the net
advance also, or within small Irac-
tion of il. The net gain in Sugar was z;
Tobacco 1874: Chicago Gas, rs; Brook
lvn Union. IA; Delaware and HUDSON,
10. New Jersey Central, 3-S, and
Sn;rits preferred, / rs. The extreme de-
cline in Missouri Pacific was 43-i; net
loss 21-S. Omaha declined 4l-S, with
a net loss of Ii. Manhattan lost Zo-e'
and lost net, SIS; while Western Union
lost 25-S from the highest, but sho"eu
net loss Of only IL.
The bond-trading during the week
lacked general feature among tne iead,
ing mortgages, which, however, dispiayeu
a marked undertone of strength. Among
tho usually neglected issues some note
worthy variations either way occurred
with Missouri Pacific SIS making an ex-
IRENE break of u IL. with a recovery
Of 90 ST. Paul Consol sinking fund
Ks ON the other hand, moved up 10 per
cent. -. A.,
business was very quiet, but the
rnoculation showed quite a broadening
tendency.
The total sales Of stocks to-day were
70 St7 shares, including the following:
Chicago Gas. 2l.sOO; st. Paul, 5,lOo;
American Sugar preferred, n.4oO
MONEY AND EXCHANGE.
Money on call easy at 1-4ql-2 per cent;
prime mercantile paper, S1-2G4
sterling exchange steady, with actual
business In bankers bills at A-SI La
s4.S73-S for demand. and at si.S6eA.s6 IL
for sixty days; posted rates, sLSlgs4.SSe
S@1-2: commercial bills, $isoqS4S5 Ii.
Rar silver. co 3-S; Mexican dollars. AZ H.
Government bonds firm; New As, regis
tered, l22 5-S
NEW YORK STOCK QUOTATIONS.
Closing Stocks
A ,c,,s,., ro,,kae1a >sl,l %, 80. .. 04
Adams Express. .........- .....'.'...''''''i11v
American Express. ...............'''''i
Baltimore t,iJ ,IiJ. ..-......-....s...''''~ ~
c.naNo p. .,bc - 5.iu
Sanada soutbera OBSERVATION-DISCLOSURES. 464
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