Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-09-16
QUOTATIONS..
REPORTS FROM AL GREAT DuSl-
NESS CENTRES OF THE WORLD.
Prices OF Money Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Cuantry Produce 80. Tereign
and Domestic.

average level OF prices was lifted as
result OF the days operations. The
strength shown was very aggressive in
spots, but many of the shares recently
active In the market moved scarcely at
all. The vanderbilts were again a centre
OF strength, on the reports OF large in
creases in earnings, but most of them adj
vanced a point or more in the days
trading. New York Central was heavily
dealt in. and advanced "a. on the esti-
mated increase in the surplus for the cur
rent quarter of s672.957. and on the re-
ported increase in the gross earnings for
the first week in September OF over $780,
600. Northwest and Omaha also con-
tinued their concurrent advance, on the
increase I'm Omaha's dividend, the ex-
treme rise in each exceeding per cent.
during the day, with a reaction on profit
taking.
Lake Shore also was taken I'm hand by
the bull element during the final hour OF
trading, and rushed up 2 is per cent, APP
parently for effect in sustaining the
balance of the market. The same ele-
ment was instrumental i'm hosting the
price OF Pennsylvania, which has only
been listed for short time on the New
York Exchange. 3-S points, the subse-
quent reaction being about 1-2.
a jump of points in Consolidated Gas,
even though it was on a limited volume
OF transactions, was also sensational
feature in the market.
The recent speculation which has CEN
tered in Union Pacific continued the adj
vance In that stock, and benefited the
price to the extent of over a point Kan
sas and Texas preferred also continued
to manifest the strength which has cha
racterized 1t in the recent speculation
and advanced over a point.
Reports circulated of a large increase
in earnings turned attention to General
Electric, and that stock rose at one time
nearly points. These rises could not
but help sustain the market. st. Paul
and Burlington advanced to new high
record prices for the year. and were adj
ditional factors but nevertheless there
were conspicuous exceptions TO the
strength of the market, such stocks as
Missouri Pacific, Atchison preferred,
Northern Pacific preferred, Louisville,
Southern preferred, and Chesapeake and
Ohio tagging quite heavily in the adj
vance and in some cases closing below
yesterday.
A number of the Industrials were con-
sp;crCusy weak, including Sugar pre-
ferred. Leather preferred. Illinois Steel,
Tennessee Coal and Bay State Gas.
Sugar common, which sold ex-dividend
to-day, lost all of it's early gain before
the close. The Coalers were somewhat
heavy during the day, but improved
slightly before the close, apparently in
sympathy with the lively advance I'm
Omaha and Western and S. and w. pre-
ferred. The latter jumped IL points,
and reacted.
Chicago Gas and Iaclede Gas were
quite strong, the former advancing near
ly points and the latter points but
both showing a subsequent reaction.
Less was heard to-day Of the prospect
OF immediate imports Of gold, the ex-
change market showing a steady tone,
though very dull, and no further hard
ening of the rate for money in the local
market being perceptlble. Exchange Is
still fully a cent above the gold-import
point, bnt IL seems evident that any
material rise in money rates here would
be met by gold imports. and conse-
quently by a check to the advance.
one OF the features Of the day in Wall
street was sales of Standard Old liquid
atng certificates on the curb at 80 Ia,
which is at IL points advance over
the highest previous price.
Tn total sales of stocks to-day were
G21,24S shares, including Atchison pre-
ferred. $500; Canada Southern. 1880;
Chicago, Burlington and Quincy, 1870;
Cleveland, Chicago. Cincinnati, and st.
Louis, 1900; Manhattan L., $3.50: Mis-
souri, Pacific, Goo; Missouri, Kansas
and Texas preferred. 1920 New York,
Susduehanna and Western, 600; do,
nreferred. 600; New York Central, 49,
o5O. Northern Pacific. $3.50; do, pre-
ferred. $500; Northwest Terminal 11o,5Oo;
ontario and Western, 32lO0 Reading,
716O; Rock Island. 1ilSo; st. Paul, 1920;
ST. Paul and Omaha, 1900; Southern
railway. 11.eO0; Union Pacific, $3.50;
Union Pacific preferred, GOO; American
Tobacco. 600; Bay State Gas 3l,420;
Chicago Gas. 1890; Consolidated Gas,
1850; General Electric, 1915; Laclede
Gas, $40; Sugar. 1890.
There was considerable development
I'm bond buying. but prices were general
ly advanced. Total sales, s2,49i20o. United
States old 6's were is lower, bid.
MONEY AND EXCHANGE.
Money on call frmer at 1-2Q2 per cent;
last loan at per cent, and closing Of
fered at per cent; prime mercantile
paper, 4Gi IL per cent.
Sterling exchange steady, with actual
business in bankers bills at Si.S54$LS5 is
for demand and $iS23-4 for sixty days;
posted rates, $iS3 1-2qsi.Si IL and sLs6q
s4s6 1-2; commercial bills. si.J 1-2qsi.S2.
Silver certificates Sc IL; bar silver
s. "a: Mexican dollars, 43.
Government bonds easier. State bonds
dull. Railroad bonds firm.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cableeram saws: The stock settlement
has been satisfactorily concluded, and
the business in stocks to-day was quiet
excent I'm American railways, and Grand
Trunk. which has risen sharply on the
New York lead. A feature tonight Is
a rise in Union Pacific TO nearly 40.
The tone of exchange on New York
attracts attention. but the best informed
still look for no gold movement to New
York until next month. L have some
reason to believe that the directors OF
the Rank of England will tomorrow
nubIicly disavow any truth In the recent
renorted holding OF a bank silver re-
serve.
The rise in Paris exchange on London
is due to large wheat purchases from
America.
London private discounts are firm. A
largo business is now being done in the
omen market each day by the bank.
THE market In Berlin was steady. and
t,,ot &, Paris was irregular and quiet