Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-26
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
ana Domestic.

NEW YORK, May c5.-There was moro
animation shown in the dealings on the
Stock Exchange to-day than for many
weeks past. and some buying by COM
mission-house agents gave evidence OF
a slight awakening Of outside interest
in the market. The sales for the day
reached an aggregate of over 10000
shares, and were much better distributed
through the list than has been the case
in the recent trading. There was a dis
play of considerable strength, which car
ried most stocks at one time or another
above last nights close, but sales tor
proft-taking were quite heavy and car
ried prices down at the close. The
market is still in control of the profess
sional traders, and their tactics offset
the elements of strength.
New Jersey Central gave evidence OF
having reached the point of resistance
to further depreciation, and the shorts
were driven to rather strenuous eXer-
tons to cover. The loan rate for the
stock was bid up by manipulation, IN
order to embarrass the shorts. The re-
moval of the severe pressure on this
stock for the time being was quite a re-
lief to the market. though there was a
late reaction in the price.
Sugar was strong, on the belief that
the explanation of the sugar schedule OF
the tariff bill in the Senate would help
its chance of passage. The dealings in
time, and were second only TO those IN
Chicago Gas. The dealers in the latter
stock were inclined to take an exceed
ingly conservative view OF the Dement'S
assured by the action of the Illinois Sem
ate in passing the Gas consolidation bill,
on reconsiderlng. The stock did advance
sharply on the news OF the passage, but
was carried down by heavy realizing
sales.
The tone of speculation generally
showed considerable access of confidence,
various causes leading to this feel
ing. Yesterdays decision of the Su-
preme Court. denying the right OF the
Interstate Commerce Commission TO Tx
railroad rates still exercised n favorable
influence on railroad values, not on ac-
count OF the immediate effects OF the
decision. but owing 10 the belief that IL
insures the adoption of a law TO autho-
riZe railroad pooling. The weakening OF
the exchange MARKET during the day was
also regarded as an encouraging ldctOI
i'm the general outlook and account was
also taken of the week statement or
merchandise exports from New YORK.
showing a total of Sl00U,l66, an increase
Of $50 ago over last week, and OF $Z,V5l,-
7S2 over last year. This large eXpan-
sion of exports is looked to TO help onset
the heavy imports on account OF the
tariff and help adjust the exchange
balance.
THE statements of railway earnings
were also good, and especially that OF
the Southern railway, showing an IN
crease of net earnings for Aprll OF S.v'-
SIC and of gross earnings OF $sS,ol4' INC
effect was to raise the price OF the STOCK
The third weeks statement or gross
% RINGS of 81. Paul and Missouri Paci-
fc caused a cheerful ieehns anlons
owners of railroad stocks. the former
chewing an increase of s345i6, and the
Iat,or of $4,000. New Jersey CentraFs
nee was 31-2 points, the net gain be-
ing a point. 60 .ho do,,
mounted TO 2O2.C5O shares. including
American Sugar Refinery, SO7oO; Burllng-
tom and Quincy 1900; Chicago Gas, S9,-
coo. Manhattan Consolidated, 5000; Rock
Island. $500; st. Paul, 15'2o; western
Union Telegraph, lSSV.
The hond market displayed some ac-
tivitv in the late trading. and sympa-
thized in the decided rally which oc-
CURED in the stock speculation. Bush
ness was largely restricted TO the promi-
Ut issues i'm which the changes Were
not essential The aggregate sales were
$4,000. ~
Governments gained slightly, on pur-
chases of $1,000.
MONEY AND EXCHANGE.
Money on call easy at l-4ul IL per
cent: last loan at IL; and closing OF
fered at 11-iq1 IL; prime mercantile
paper. l-2q4 per cent
Sterling exchange weak. with actual
business in bankers bills at &6uAG l..
for demand, and A.S 7-Sas4.Sl- IA for
s,xtv days; posted rates. $iS6 l-2Gs.a
-, .. 90 D. commercial bills, ASJ ID