Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-09-15
MARKET QUOTATIONS.
Prices OF Money, Bonds, Stocks.
Grain, Tobacco, Cotton, Cattle,
Country Produce, &C., Forsisn
AID Domestic.


on the Stock Exchange. There was
some talk during the morning of the
existence of powerful bear pool. which
was prepared for extensive operations
for decline. The supposed prestige Of
this combination, coupled with the fact
that London prices came lower this
morning. apparently because of doubts
raised by yesterdays action, led to early
success on the part of the bear contin-
gent. The arguments they used were
the same as yesterday-the likelihood OF
ENHANCEMENT over the Cuban question;
the danger of yellow-fever, and In adj
ditlon, the damage done by storm on
the coast Of Texas. The last-named
showed its effect on Kansas City. Pitts
burg. and Gulf, and all the Changers
declined an average OF about IL; while
Louisville Southern preferred and Kan
sas and Texas were off nearly a point
the latter on taking, which con-
tinued all day. The whole list receded
fraction.
Later came denials from Washington.
on authority quite as weighty as the
first assertion, that no warlike mea-
sures were projected on the Cuban ques-
ton. The first reports OF heavy damage
by the Gulf storm were also denied. AT
the same time. the marked weakness in
the exchange market came into notice
actual rates for both long and short
sterling, and for cables receding 3-Sal-2
per cent London was also buying quite
freely of favorite stocks
f.,Ji nf rrncnQTffya In
crease of the balance of trade in our
favor led to expressions By foreign
bankers that a heavy gold import move
ment was certain TO result, and was
likely soon TO commence. The evidence
of the exchange market on this point
was strengthened by the hardening ten
dency OF the money market, call loans
commanding as high as per cent, and
only few exceptional loans being made
hollow Q per cent. Money continued also
to move very freely to the interior.
AS the general news bearing Oh the
business outlook all continued favorable,
the prospect of gold imports proved an
available means to turn the tide In favor
of the bulls. At the same time, 1t was
renorted from Washington that the diff
hculties between tne government and
the syndicate TO purchase the Union Pa
ciic had been settled, and that approval
would be given at the Cabinet meeting.
II was on this account that Union Pa
cific advanced. its advance being 3-lS.
Northwest and Omaha were also nota-
blv strong and led to a buying move
ment. as on former occasions, In all the
Vanderbilt stocks. st. Paul also recov-
cred from the early depression, advanc-
ing 1874. Northern Pacific preferred rose
2 points
The market reacted to some extent be-
fore the close. and this, coupled with
the early decline. makes the net gains
considerably smaller than the extreme
advances.
The prices of bonds fell off at the OPEN
ing. but the market became strong later.
Total sales. 100000. United States old
As, registered, sold at liz.
The total sales of stock to-day were
$4,000 shares, including Atchison pre-
ferred. $3.50; Canada Southern, 122sO;
Chesapeake and Ohio. 1865; Chicago.
Burlington and Quincy. 1000; Louisville
and Nashville. II, 4s0; Manhattan l., $3.50;
Missouri Pacific, 1885, Missouri, Kan
sas and Texas preferred, 400; New
York Central, 1890; Northern Pacific,
6175; do. preferred, 3O2S; Northwest
term. IA. $50; Reading, $50; Rock Island,
2.627: st. Paul, 50. 155; st. Paul and Omaha,
H.. 200; Southern railway preferred. 5Si5;
Union Pacific, 1850; Wheeling and Lake
Erie 9.2S9; American Spirits preferred
1850: American Tobacco preferred, b.
G35 Chicago Gas. 1890; Consolidated Gas,
$500: General Electric. 1850; Laclede
Gas 400; Sugar, 21,5O0; Tennessee Coal
and Iron. 5,7S5; Western Union, 6Slo;
Chicago Great Western, 600.
MONEY AND EXCHANGE.
Money ON call firm at 12a2 per cent. (;
last loan at per cent, and closing OF
fered at / 1-2d2 per cent; prime mercan-
tile paper 3 3-4a4 IL per cent.
Sterling exchange weak. with actual
business in bankers bills at ASi lisa
NS5 for demand, and s4.S 1-SaSis2 81
for sixty days; posted rates. A.s5 l-2Y
s4ssf-9 and $iS6as4S6 1-2; commercial
bills. Aa 1-2QsiS2
silver certificates. IS 1891; bar silver,
"a. Mexican dollars. 49,
Government bonds firm. state pohus
dull. Railroad bonds firm.
FOREIGN MONEY MARKETS.
The Evening Posts London financial
catieeram saws: In the stock market to-
da, Americans opened steady, then be-
cane dull under the New York lead, but
later recovered. and closed firm. with
London buying. Grand Trunk continues
- ADVANCE Venezuelan bonds have
fallen heavily on the default In remit
tances for the payment OF interest.
,rbera are no particulars yet regarding
the tenders for India Treasury bills, ex-
~. that tyyelye-months' bills at f91, 5s.,
al receive a percentage. The market
rendered and got fair amount In the
noiohborhood of 2 II 1-l6d. With view,
noasibly. to assisting the speculation in
silver, the rumor is revived that the India
,rn,nts will reopen. This is not generally
credited. II. 49,, Al,
The Paris Bourse was quiet end dull,
90 The Berlin market was dull and
/featureless. o,..