Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-03-30
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 Domestic.

NEW YORK, March 29.-The depression
iu the market for securities on the
closing days Of last week. consequent
upon the Supreme Courts decision in
the Trans Missouri Freight Association
case, was increased to-day by news from
the West about rate-cutting, and also
by advices from London and the CONT
uont Of more war-like feeling on the
eastern question. The bears had the
upper hand and pushed their advantage
with yigor. being encouraged by the re-
ceipt of numerous selling orders from
commission houses I'm Philadelphia, Bos-
ton, Chicago, and other cities. The de-
cline in prices ranged from II to 31-i
per cent, and as the downward move
ment made progress, many stop orders
were executed.
Missouri Pacific was singled out for spe-
cial attack, on the reports current that
the company had taken the initiative
in rste-cutting by making a reduction
from the regular schedule charges on
eggs. This story afterward met with an
emphatic denial by President George
about a receivership for the company as
being without the slightest foundation
in fact. Before the receipt VI Mr. Goulds
denial however. Missouri Pacific had
dropped 31-l, TO 141-2.
other marked declines I'm the early
trading were z SIS i'm Rock Island. 81 I'm
Burlington and Quincy, 21-S in North
west, lS-S in St. Paul, l1-2 in Jer-
sey Central, "a in Sugar, IL in Amer
lean Spirits, preferred; in Atchison.
preferred; / rs in Tobacco. - in Omaha,
and 81 in New York Central.
During the afternoon. in addition to the
denials concerning Missouri Pacific. came
the February statement Of the Chicago.
Burlington. and quincy. which showed .
large increase in surplus as compared
with last year, and the announcement
of an advance OF l-l6Nl-S cent in certain
grades of refined sugar. The ad-
vances that followed we've equal 10 l 81
i'm Lake shore, 2l-2 in American Spirits.
preferred: 81 in Jersey Central and
IA TO / II in the remainder of the list.
Near the close. however. the Changers
deveIoped renewed weakness, but the re-
manner OF the list held firm. and the i'm
movement noted was well maintained.
The Changers closed with only fractional
recoveries. and in the case Of Rock
Island the final sales were at the lowest
Of the daW
Net changes show declines Of l-f42 IS
per cent. Rock Island leading. Lacka-
wanna gained 3D. Manhattan -, and
Jersey Central Is per cent. The total
sales of stocks were 32S.3l6 shares. Of
which 5000 were Sugar. 1920 ST. Paul.
1920 Chicago Gas, 1900 Tobacco, 1880
Missouri Pacific. 1910 Reading 1900
Burlington and Quincy and 1850 Atchi-
son. preferred.
The bond market was active and weak
to-day. The transactions aggregated
81 Coz 600.
Treasury balances: Coin, $lsOsiS,5Ol
currency, $50 2gl, lbl.
MONEY AND. EXCHANGE.
Money on call easy at 1l-2dl "a per
cent. last loan at l-2 and closing
offered AT ] y per cent; prime mercan-
tile paper 31-2 per cent.
Bar silver. 2 S-s. Silver at the board
heavy.
Sterling exchange firm. with acutai
business In bankers bills at SLS5 3-41
$50 for sixty days and A.@ i-iDSi@ IL
for demand; posted rates, 1886 l-2fi
X&1-2: commercial bills, stA 1-2G
MS5l-4
Government bonds firm. State bond
steady. Railroad bonds weak.