Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-13
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT DUsI-
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 12.-Much parade
was made yesterday Of the alleged con-
version Of some Of the leading bear ope-
rators on the Exchange to the bull side
! of the market. To-days developments
| prove that there is very large and ag-
! gressive contingent still left in the mar
| ket. Short selling By the bears failed to
| induce any large liquidation, and pur-
chases by the bulls equally failed to in
| wife any large followers. Skilled OBJ
servers had arrived at the conclusion
! that the market was due for a period OF
| dulness, barring the development Of some
markedly significant news. The harden
ing of prices last night and the further
advance this morning looked like ter
mination Of the bear campaign, yet in the
two final hours of the market the bears
succeeded in working a sharper decline
throughout the whole list than has been
| accomplished on any one day Of their
campaign. They had no new event which
| could influence the values Of stock to aid
| them, and there was little, II any, cessa-
ton in the Improvement in the earning
power of the properties of the shares
which are dealt in on the Exchange.
The nominal motive of the selling was
the fear that our relations with Spain
were i'm danger of rupture as an out
growth of the policy which General Wood
ford was ordered to pursue at Madrid, n
dispatch from Madrid TO the Associated
Press carrying the forecast of the sub
stance of SPANS reply, which, it was
feared, would have some influence which
would perhaps lead President Mckinley
to take action that might lead to a decla-
ration of war
Several Intellectual attempts were made
to stem the decline in stocks, but rallies
were only momentary, and fresh heavy
offers kept up the liquidation till the
close of the day. Last prices were in
many cases the lowest and the tone of
the market at the last was very fever
ish. Chicago Gas and the Changers were
most heavily dealt in, and showed the
sharpest declines.
The bond market showed increased ac-
tivity. and shared i'm the weakness Of
the stock market, though to less eX-
tent. Total sales, s., 10000.
United States new As were advanced
Is bid.
The total sales Of stocks to-day were
493, 800 shares, including Atchison pre-
ferred. IL, 420; Chesapeake and Ohio, 6,4OO;
Chicago, Burlington and Quincy, $500;
Louisville and Nashville, 1920; Manhat-
tan l.. 6.400; Missouri Pacific, II, 500; New
York Central, $500; Northern Pacific,
8 500: do. preferred, 26,Ol5, Reading, -, 525;
Rock Island. 1880; st. Paul, $3.50; Union
Pacific, 1910; Wabash preferred, 6,2J0;
American Tobacco. l6. 400; Bay State Gas,
II $50; Chicago Gas, Co 720; Sugar, 2S,20o;
Tennessee Coal and Iron, $500; Western
Union, $780, Chicago Great Western,
1920.
MONEY AND EXCHANGE.
Money on call steady at 21-2d3 per
cent; last loan at 3 per cent; closing
offered at 21-2a3 per cent; prime mer-
camille paper, 41-4a5 per cent; sterling
exchange frmer, with actual business i'm
bankers bills at Si.s4 IL for demand and
s4S2a$4 50 Ia for sixty days; posted rates,
S4S2 1-2q$4.S31-2 and SiSqSLS5 ii; COM
merclal bills, $3.50 1-2q$4Sl.
Silver certificates, SO 1-2a57 IL. Bar sill
ver So rs; Mexican dollars, 43 1-2.
Government bonds firm. State bonds
dull Railroad bonds weak.
STOCK MARKETS ABROAD.
The Evening Posts London financial
cablegram says: The stock markets
were quiet to-day. There was a better
tone in Americans, but the only pro-
nounced rise was in Canadas and Nor
folk and Western, both Of which were
largely bought. The close was at the
best. In the other markets the only
feature was the continued boom in West
Australian mines.
New York was bidding keenly for bar
gold in the open market to-day, at about |
rs. 1l1-2d. More eagles will probably |
leave the Bank of England before long. |
To-day's withdrawal Of gold from the |
bank is for Germany, which is also a |
strong buyer Of gold.
The Paris Bourse was dull and sensi- |
tive The Berlin market was dull. being |
generally adversely affected by the I'M
nerial Bank of Germany's declining TO |
discount a certain kind OF paper formerly |
discounted. 1t means some curtailment |
of the credit system, and assists the
monetary stringency in Germany.