Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-05-12
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
and Domestic.

NEW YORK, May 11.-To-day's market
prices to advance all around as long as
the London Exchange was in session to
impart it's buoyant influence to the local
market. The dealings showed SOME AMI
nation and increased volume, and the
rise in prices was easy and uninterrupted.
But the spirit of pessimism proved too
strong to outlast very long the adjourn
ment of the London Exchange even with
London continuing to buy quite heavily
In this market after the close of its Ex-
change. The prices of Americans in
London have halted somewhat up to this
time. in spite of the general improve
ment in that market, growing out OF the
subsistence of alarm over the war in the
East, because London waited for New
York to give the cue for an advance.
To-day. however, the general tone in
London was so strong, and the improve
ment so general that it extended to the
Americans without waiting for New
York's initiative Of the days trading.
Although gold shipments have been ex-
rected. and confidently predicted for this
week. the bulls lost heart in face Of the
actual announcement of to-day's ship
ments. and the whole market sold off,
with no subsequent recurrence OF decisive
strength. AS a matter OF fact, exchange
rates eased perceptibly with the Offering
of biEs against the gold shipments. and
the large purchases of securities by Lon
don here-about 1900 shares Of stock
10 af paf hnnHg
The Improvement in the price of KAT
frs i'm London to-day is another factor
to be considered in the exchange situa-
ton. as the heavy liquidation of PariS
holdings of these securities on the Lon
don market Is the reputed cause of the
Paris demand on London for gold, and
indirectly of the shipments Of gold from
New York to Paris. These elements In
the situation make the volume of gold
to be shipped from here this week stiil
more problematical. with growing like
lihood that they will be less rather than
more than was anticipated.
But these considerations did not allay
the apprehension of traders, and they al
lowed prices to decline. AS conse-
duence the net changes on the day are
generally very narrow but. as a general
rule. all of the early gain was lost, with
resulting net losses OF Irdctioh, INC
volume OF the dealings greatly diminish
ing on the decline. Chicago Gas. st.
Paul. Burlington, and Western Union
were the most active stocks. in the order
named. The net losses in the Coa.ers
were wider than elsewhere. extending
TO point in New Jersey Central.
Foreign buying was responsive tor ad-
vances of 25-s in Norfolk and western
preferred. and IL in Norfolk and west
orn common. and in oregon Navigation
nreferred. two usually inactive stocks.
Tbo total sales of stocks for the day
we're 1862 shares. including American
sugar Refinery. 1890; Burlington ana
Quincy. 1920: Chicago Gas, 2S7o; LOUIS
vile and Nashville. $500; Manhattan Con-
sordated. 1900: Reading. 600: ROCK
Island.s $500: St. Paul. 1850; western
Union Telegraph 1l.Go.
The bond market displayed stiiness
generally. on moderate transactions, win
reneyced foreign buying the feature GOV
ernrent bonds displayed reactonary
tendency. and sagged slightly Oh safes
of $4,000.
MONEY AND EXCHANGE.
Money IN call at 1-4di-2 per cent; last
loan 10: closing offered at l-iql-Z; prime
mercantile paper, S1-2a4 IL.
sterling exchange easier Win ac.u 20
,,,s,ness in bankers bills at sLs' l-i@
- fI.f