Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-19
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 nGmealIc
and Dcnesslc.

NEW YORK. October 1S.-For the first
time in several weeks the prices Of stocks
were at no time during the day below
the level of those prevailing at the close
the night before. There were occasional
slight reactions to-day, with no better
| apparent cause than sympathy with
Sugar, which was itself markedly strong
and was turned back to-day only by
proit-.aking. Speculation halted during
the morning, in expectation of decision
by the Supreme Court at Washington
| in the Nebraska maximum freight-rate
| case. Although this decision is expected
to be in favor of the railroad. and was
| looked to 10 give an upward impetus to
prices the announcement that the hand
| ing down Of the decision had been post
poned was followed by a decided increase
! i'm the activity of the selling, an activity
| attending a rise Of prices instead OF
decline for the first time i'm many weeks.
The strength of the Granger stocks
and the awakened interest in the Van
derbilts were very notable. The vigorous
upward movement Of this powerfully in
fuentia group caused a striking adj
vance throughout the list. net gains in
nearly all the active stocks equaling at
least a point, and in several special cases
equalling or exceeding points.
A feature of the market quite as strik-
ing as the strength Of the railroad stocks
was the neglect of the Industrials, ex
cept Sugar as compared with the recent
trading, and even Sugar showed falling
off in activity as the day progressed,
and the trading in the railroad stocks
developed greater animation. Chicago
Gas which Of late has entirely over
shadowed the rest of the market, to-
day fell into innocuous desuetude, ard
was no longer available as an instrument
with which the bears might demoralize
prices in the general list. It's total range
of prices was only a small fraction, and
the small volume of transactions in it
looked almost like neglect. While Sugar
was quite active and moved somewhat
irregularly within a range of nearly 3
points. 1t showed sufficient strength to
aid the rest of the list by sympathy, and
closed at a net gain Of 5-S
The money market was noticeaDly easy,
which was an additional incentive to
renewal of speculation. Call loans were
quite freely made at rates below 2 IL per
cent. down to per cent. Outside banks
also continued bidding I'm this market
for mercantile paper, and are thus re-
leasing considerable sums of money to the
New York banks. which are available for
loans in other departments.
The statements of railroad earnings for
the second week in October which were
received all show continued marked in
creases over the corresponding period last
year. The soft-coal roads show no
ticeable recovery from their recent heavy
depression. The September statement OF
the Pittsburg, Cincinnati, Chicago and st.
Louis caused sharp advances in the stocks
of that company, the preferred rising
21-2 points. Pullman advanced 81 and
Susquehanna and Western preferred 2l-i.
While the character of the trading to-
day did not go outside the professional
limits which have marked it for several
weeks, the undertone Of strength In the
market showed a practical cessation of.
manipulation by the reacuonists.
The bond market was not very active,
but. prices were generally firm. Total
sales. Sl5gO.CgO. United states IS were
advanced Ii bid
The total sails Of stocks to-day were
2s5 100 shares, including Chicago Burling-
ton and Quincy, 1883; Louisville and
Nashville. $500: New York Central, SSl9;
Missouri Pacific, 1920; Northern Pacific
preferred. 1864; Rock Island 1880; ST.
Paul. l6.A0 Union Pacific 69C0; Chicago
Gas. 1905. Sugar, $500.
MONEY AND EXCHANGE.
p. M.-Money on call easier at 202 ~
pcr cent: last loan at 21-2 per cent, ana
closing offered at 202 ID per cent; prime
mercantile paper. HOB per cent.
Sterling exchange easier, with actual
business i'm bankers bills AT &.Si LA
s, 8-S for demand and A.G 7-SQA.2 for
sixty days. posted rates, &.%4SiS5 La
81 s.: commercial bills, $iol.
silver certificates, 81 l-2aj9. Bar silver
E28-4 Mexican dollars, Al ga.
railroad bonds firm. Government bonds
nrmer. state bonds duh.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cabIerram says: The stock markets
were quiet, but 1lm' To-Day comsoLs
leading on government buying. West
Australians were buoyant feature
was a sharp rise in Argentine rails.
Americans were better, and the tone az
che close was steady. The opinion here
ON the market is that the shake out in
New York is practically over. Dealers,
however. do not back their opinion with
much buying. apparently preterring 10
await a more definite lead from New
York. , e.. p,,..,o
o,,d germany. and the price is now so
Tiob as 10 forbid buying for New York,
roeent The actual decision OF the
Cohiret as 10 silver is not known here
y. q. generally believed that the India
,,,,nts will not be reopened now. but 1t
~ 80 that the matter has been left
nnen for future discussion
oP The Paris and Berlin markets were
quiet. ,,.,,,,,..,
xrw YORK sTo9K QUOTATIONS..
NJ" Closing stocks
roraSs anf SAM fe ...414