Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-20
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, October 19-The under
tone OF to-day's market was one OF
strength throughout. The volume OF
transactions was not large. and there
were prolonged periods Of dulness when
trading was practically stagnant, but
the operations of important interests
which were prominent in the late bull
market were manifest. The tone Of yes
terday's market had apparently deter
mined large professional operators to
undertake a movement for a rise to-
day. The break in the price Of Pullman,
owing to the news Of the death Of the
| head Of the company, halted the opera
tions of this element for time, but the
frmness Of the general list. in the face
| of the break in Pullman, did not last
| long, and the strong support which was
offered the Pullman stock encouraged
| the bull operators to renew their cam
paign in an aggressive way late in the
| afternoon. The result was that the
shorts were driven to cover. and prices
throughout the list mounted strongly
upward. TO a point materially above last
| nights close.
The strength of the market developed
first in the Vanderbilts. Michigan Cen
trail was the sensational feature in the
group. with a jump Of SIS points, but
nearly all Of these properties, including
Northwest and Omaha, were quite
buoyant. and closed with net gains of 1
to points.
Sugar and Chicago Gas ranged over
nearly points, and the covering or
shorts in these stocks on the rise was
al important element in the strength
of the market.
Dealings in Pullman were on a very
large scale, and over range Of 1874
points. In estimating the significance or
this movement II is to be considered
that the stock jumped yesterday 3 81
points, on a small transaction, such as
often affects an investment stock. The
close tonight is only half point below
the price ruling before yesterdays sale.
All the news of the day continued IA
yorable Railway earnings show up well.
Louisville was a notable exception. with
decline in earnings Of $500 for the Sc
cond week in October, due to continued
INTERRUPTION DN ytflON-lthti
London continued to be a good buyer in
the New York market, and. in fact, Of
fered the principal support during the
early trading.
The exchange market showed dis
tinctiveIy firmer tendency. though the
only announcement OF gold from Europe
was of the withdrawal for shipment to
the United States Of $4,000 in gold from
the Bank of England. Gold. however. is
In transit from Australia to San Fran
cisco.
The local money market continued
easy. and outside banks continued 10
take a large amount OF commercial paper
In this market.
A feature of the bond market was the
sale of two blocks Of 15S.ccO and lOo'Uo,
respectively of Union Pacific collateral
gs AT good prices. Dealings in bonds
were not on a large scale but prices
generally showed improvement. Total
sales, s16500OO.
United States As, registered. advanced
is bid, and the SIS declined IA.
The total sales of stocks to-day were
81. 800 shares. including Chicago, Burning
ton and Quincy, 1890; Louisville ana
Nashville. zoos: Missouri Pacific, 1000;
New York Central, 10,475; Northern Paci-
fic 1872: Reading, 5oD, 81 aus -9''iV'
Union Pacific, 15,S55; Chicago Gas, SO.1So;
pullman Palace, 1863; Sugar, S6,l25; Chi
cago Great Western. $500
MONEY AND EXCHANGE.
sP M.-Money on call easy at 2a2 IL
ner cent; last loan at PIP; closing offer
ed at 21-4Q2 10; prime mercantile paper
4G41 -2 per cent.
Sterling exchange firm. with actual
business in bankers bills at $4.& 1-2 for
demand. and sS2ds4s2 IA for sixty days;
nosted rates. si.s2 1-20$i.s3 IL and sis5 l-2;
commercial bills, sia.
silver certificates, 5S3-S. Mexican dol
lars, A3-4.
Government bonds irregular. State
bonds dull. Railway bonds strong.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cabIerram says: The stock markets
we're dull to-day. except Americans,
which were better on the New York
load hut transactions were few.
To-day's sale OF eagles attracts atten-
,,or the withdrawal. though small. be-
,no The first since the price OF eagles was
raised. ,o..
z,Iress and the Berlin market was
quiet