Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-12-01
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT pUsI-
NESS CENTRES OF TIE WORLD.
Prices OF Money, Eonds, Stocks.
Grain, Tobacco, Cotton, Cattle.
Country Produce. &c, Eorcizn
and Domestic.

! NEW YORK, November 9o.-The prin-
c!pal factors in to-day's stock market
were the statements OF the earnings in
! October of two OF the great railroad
| systems OF the country-namely, the
/ Pennsylvania and the Burlington. Both
! statements made a remarkably strong
| showing, but that Of Burlington had
| been discounted by more active specu-
! lation, and the rumor3 which have pre-
coded its publication for some time past
/ grossly exaggerated the proportions OF
| tho increase. As a consequence. there was
some disappointment IN speculative cir
! cles over the Burlington statement, and
some proft-taking, which impaired
| heavy tone 10 the whole OF the Granger
| group until late in the day. In the final
| hour the prices OF the group shared I'm
| the strength Of the general market.
Rock Island leading. with a net adj
vance of III. on reports that the com
pany's refunding scheme had been per-
| fected and the sale Of the first block OF
new 4 per cent. bonds concluded.
The October statement of the Penn
! svlyania system, with its increase In
gross earnings Of 10000 and in net OF
| S453 100. was regarded as strongly favor
| able, and as rejecting a large general
Improvement IN business. The stock OF
the Pennsylvania rose 2 SIS under it's in
nuence. and all Of the trunk lines showed
q marked degree of strength New York
Central. Lake Shore, and Canada South
ern rising from 1 TO points. There was
a very marked increase in the operating
expenses both of the Burlington and the
Pennsylvania. amounting to S4i0.350 i'm
the case OF the former and 1921 500 in the
case Of the latter, rejecting the ar
rearages Of outlay for maintenance,
which exist generally i'm railroad pro-
perry all over the country.
The Erie and Lehigh Valley also had
very favorable statements for October,
but in both cases heavy increases in
operating expenses absorbed large pro-
norton of the increase in gross earnings.
Speculation in Sugar was again very
,c,ivo all day. and the stock rose strong
Iv closing ZIP higher than last night.
The approach of the regular dividend
neriod and the expectation of favor
able decision by the Treasury Depart
ment on the question Of counterValling
duties on imported Dutch sugars were
the causes of the rise.
Northwestern and Omaha show net
gains equalling point me sales Oh
silver certificates On the AANhaAo' '''
II 600 ounces, at from SO IA TO SO 3-4, were
81 feature OF the day. Bar silver sold In
This market at 80 II, a price which had
NOT been eoualled before since July "a.
RuIlion dealers have no other eXplana-
lion 10 offer for the strength but the eX-
istence of active demand and a limited
supply.
The bond market showed some ac-
tivitv and strength I'm hgh-grade issues
hainr very firmly held. Total sales, 81
eSj 600 United states old as, registered
were advanced Ia bid. ,o,
The total sales Of stocks were 2l9'lVJ
shares including Chicago. Burlington
and Quincy. 1921; Louisville and Nash-
VILE. $3.50; Manhattan l., 1880; New lo oilk
central $40: Missouri Pacific. $50;
Northern Pacific preferred, SlOl; ROCK
Island. 1915: st. Paul, 1852; Peoples
Gas, y 9o5; Sugar, 5G,225.
MONEY AND EXCHANGE.
Money on call easy at 11-202 per cent
last loan at 81 per cent, and closing Oh
fered al l1-2a2 per cent; prime mefcah-
tile paper, 3d3 IL per cent. -,
Sterling exchange easy, win actuai
business in bankers bills at A.3A4SiS'
Gov demand and $iS2 II for sixty days;
nosted rates. SiSiG$iSI; commercial DIS
4.S2 1-2d$4S2 81. IT..
silver certificates. 70 1-2dGO; bar SILVER
To1-2. Mexican dollars, 46 1t
bonds