Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-13
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, bonds, stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &cr Foreign
und Domestic.

NEW YORK, May E.-lo-udy mai ne
for stocks was almost a repetition OF
yesterdays, whatever strength there was
generally manifested not outlastini
very long that of the London Elk
change. and the strength reflected from
there. which was. however, less marked
than yesterday. London also was agar
a purchaser Of securities in this market
though not in so large volume as yes
terday. Some purchases were also said
TO be for Holland account The stocks
bought by the foreigners were Union
Pacific. St. Paul. and Louisville and
Nashville; also, Norfolk and Western
Some sales for foreign account were also
made. j.
The selling movement in Sugar and
Chicago Gas became heavy later in the
day. Sugar being sold on reports OF
ieopardy to the sugar schedule OF the
amended tariff bill, and Chicago Gas on
renorts OF the unlikelihood that the ex-
pected beneficial legislation could be en-
acted in Illinois. This caused sucn
sbarn declines in those stocks that the
depress sion spread by sympathy through
the list. H.
The dulness of trading was in part due
10 the expected announcement OF further
gold shipments. but these were not
forthcoming. beyond an increase OF
60 O0O by a house which had already an
nounced $4,000 by to-morrow's steamer.
whatever shipments may be MADE ny
Saturdays steamers are now expected
TO be small. as was foreshadowed last
night. There is, in fact, very nght
demand for exchange, and no encourage
mont TO offer bills against gold. 1t Is
evident that q very small quantity OF
those would break the exchange marker
below the profitable point for gold snip
ments. What shipments may be forth-
coming on special orders from Europe
of course remain open TO conjecture.
The considerable purchases of our secu-
rites by London yesterday and to-day
has q tendency to weaken exchange. An
increase in the exports from the por.
Of New York for the week OF sl'oio'Z 20
somewhat Offset the enormous imports
of last week, and the government re-
ceipts from customs from DAY 10 uay
show that this weeks imports VIII
hardly reach anything like last week
figures. On the other hand, New YORK
exchange on Paris shows a tendency 10
harden. and the Paris rate on LONDON
declined slightly again to-day.
A n result of the upward movement
of stocks to-day, and the subsequent re-
action the net changes are for the most
nart very narrow. The restricted CHAR
acter of the market is shown by the iact
that Sugar and Chicago Gas ABSORBED
over one third Of the total dealings anu
as these two stocks were notably ae-
pressed they constitute an effective drag
on the market. NOVA
Tae foreign purchases or stocks were
estimated at from 1900 TO looVy shares.
The total sale OF stocks tor .he 10y
amounted to 1856 shares, including
American Sugar Refinery, 800; sur
Iinpton and Quincy. 1860; Chicago Cas-
% 200. ST. Paul. preferred. 1O,lCO; WABASH
preferred. l,lOO; New Jersey Central
COCO. firm,
The bond market maintained hrm
tonc generally. with purchases Tor
foreign account again noted. Gains OF
SLIGHT fractions were generally MADE III
the leading issues, with the specu,a'iNe
lines absorbing the bulk OF the ueaiihss'
improvements of l4l IL per cent. VIZ
scored I'm some OF the inactive middle
grade stocks. The aSsrsSd'o
tons were $l,125OoO. ,s
Governments were dull. but a harden
Inc, tendency was apparent in the new
as, The sales were s32'Vp.
MONEY AND EXCHANGE.
Money on call easy at 1-4ql-2 per cent,
last loan at IL per cent, and Closing
offered NJ 1-ia1-2 per cent; prime mer-
camille paper, 1-2Qi per cent.
Sterling exchange steady, with actual
h,,s,ress in bankers bills at A.H l-2p
stG1-2 for demand, and 1856 1-iaSio6 IL
for sixty days; posted rates A,S,g
sSN1-e. and $4SSdA.ss; commercial bilis'
S4S5 IL. ,.,. 20, sI,,or
silver certificates. eo1-2a6l; par siNe''
ca -: Mexican dollars, 1918
Government bonds firmer; state Donus
AMI. railroad bonds firm.