Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-04-01
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.
and Domestic.

NEW YORK. March 3l.-The recovery
in the Stock Market, which set in yes
terday on the introduction of the rail-
way pooling bill in the Senate. made
further progress with the early trading
to-day. The general list improved 1-Sq5-S
per cent, but shrewd traders concluded
that the rise was being taken advantage
Of to market long. stocks, and, accord
ingly, they soon changed their tactics
American Tobacco made an exceptional
advance of ola per cent, to Ia, on
rumors that the regular dividend would
be declared. After the directors adj
journed. it was announced that divi-
dend of only per cent. had been de-
clared on the common, a reduction of 3
per cent from the last quarterly pay
ment in February, and the stock reacted
TO Y 1-2.
The bears in the mean time continued
their attacks on New Jersey Central,
and succeeded in dislodging considerable
long stock. In addition to a revival Of
reports about a probable reduction of the
dividend. Il was stated that some of
the mines in the Wyoming and Penn
sylvania districts were flooded. and that
some of the anthracite companies would
suffer material loss. Jersey Central
broke six points, to II, and this led to a
raid on Delaware and Hudson, which
Welded readily under the pressure, break
ing from JOG IL to leo rs I.ackawanna
fell 3-4. TO 152, and Reading 3d. 10 20 IL.
The break in the coalers was the sig
nal for general selling movement, and
the railway and industrial shares not
previously mentioned yielded anywhere
from a half to 2 IA per cent, Sugar, the
Grangers Manhattan and Western Union
leading the downward movement. sugar
was weakened by the announcement
from Albany that the new Doscher re-
fnery had been incorporated under the
title of the New York Sugar REFINING
Company. The Changers were unfavor-
ably influenced by 2dvices from wash
ington, quoting certain senators as au-
thority for the statement that no pool
ing bill will be passed at this session Oh
Congress.
Although prices rallied Is TO per
cent from the lowest in the final sales.
the tone of the market was weak.
American Spirits was noticeably firm
throughout the day, on the news that
the agreement between the American
Shirts Manufacturing Company and the
outside distillers. which has been under
consideration for several months mad
been arranged Net changes show de-
clines of IL to per cent, Jersey Gem
trail leading The total sales were 2tolso
shares. including $500 Jersey Central
30 800 Sugar 2O.5O0 Burlington and quincy,
% POO St. Paul, 1920 Chicago Gas, ana
II 400 Tobacco.
The bond market was weak az the
close the sales footing up only S9S,OOO
Treasury balances: Cash, Sl5s'voo'4ZS'
currency, sol ,OZS,3ll.
MONEY AND EXCHANGE.
Money on call easy at l-2a1 "a per cent
last loan at -. and closing offered AT
-: prime mercantile paper, 3l-2 per
cent. 49,,
BAR silver, 81 81; silver at the board
lower. - .o,
Sterling exchange active, with actual
business i'm bankers bills at SSo S-fg
siSs. for sixty days, and A.SqASI Ia, Tor
demand; posted rates, A.S l-2dSi.eo ~
commercial bills, $iSi 1-24Siso IA.
Government bonds firm. State pohds
dull. Railroad bonds easier.
STOCK QUOTATIONS.