Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-27
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 S.-Trading in
stocks during the early part of the day
was restricted in volume, and the fluctu-
alton in prices was narrow and irregular.
The latter part of the day saw quite an
increase in activity. and rise Of prices
to the highest Of the day, the decline be-
fore the close being small. Union Pa
cific continued TO be the centre of interest
in the market ruled above yesterdays
close all day. and closed at near the best
and 2 IA above last nights close.
The opening gain was due largely to
sympathy with London, which sent a
higher quotation for the stock. The be-
lief gained ground as the day advanced
that the government and the Reorganiza-
ton Committee would come to an agree
ment on the basis OF the committees ex-
pressed Intention TO bid the full amount
of the governments claim on the main
line. The fact that this bid leaves the
governments claim OF over S13, 100000 on
the Kansas Pacific unprovided for, and
the rumor that increased bids might DO
made by other interests, which would
provide for this Indebtedness. caused
some feverishness in the speculation at
this time, as the acceptance OF such
bid by the government would endanger
the whole plan of reorganization. in spite
or the assertion of the committee that
they were prepared TO carry II out. But
lQf In ha do Ante
ton assumed quite definite form that the
Cabinet had resolved to accept the com
mittee's intended bid as minimum
guarantee. and withdraw their request for
a postponement of the foreclosure sale
OF the main line.
A fall of IL points In the price OF
Kansas Pacific consol G's, trust receipts,
was the forecast OF the news received
later from Washington that the COM
mittee's agreement with the government
included an assent to n postponement
Of the Kansas Pacific sale, presumably
with a view to giving the government
an opportunity to secure n bid on this
property that would provide for a part
or the whole of it's claim. AS the chances
of a separate bid on the Kansas Pacific
are considered remote the price of the
consol SIS rallied 4 per cent, and closed
at 81.
Trading in Union Pacific absorbed over
a quarter of the total sales of all stocks.
outside of the Changers, Sugar, Chicago
Gas. and Bay State. Gas, business was
of very small proportions. The tone of
the market was strong. however, and
material recoveries from yesterdays de-
cline were made, averaging about "a
point in the Changers and other leading
stocks
Bay State Gas was weak. A decline in
rates for call money and some very ia
vorable statements OF railroad earnings
for the third week in october assisted
the recovery. There were purchases for
London account of some of the fayorite
international stocks. incident to settle
ment day on the London Exchange. This
served to keep up the price OF Louis
VILE In spite Of the continued decrease
in it's earnings on account OF the yellow
fever quarantine. Pittsburg, c., c. & ST.
l.. was active and strong, and rose at
one time per cent, but reacted slight
ly. Michigan Central was conspicuous
for an advance OF Sd.
The better tone for Americans IN Lon
don was taken as rejecting a decline OF
apprehension over the Spanish relations
with the United States.
Dealings i'm railway bonds were not
large. but the tone was firm, with the
execution OF the Kansas Pacific bonds,
above noted Total sales. s1,l6O,Ooo
United States new AS were advanced
Is bid.
The total sales of stocks to-day were
24s 700 shares, including Chicago, Bur
Iington and Quincy, PISS; New York
Genital 6.1a; Northern Pacific pre-
ferred. e2es: Rock Island, 1886; st. Paul,
1s.499; Union Pacific, 6oslO; Bay State
Gas. 141eO: Chicago Gas. l6,0l5; Sugar
Is, 100 shares
MONEY AND EXCHANGE.
Money on call easier at 1-2a2 per cent;
last loan. 2 per cent: closing offered at
l-2Q2 per cent; prime mercantile paper
4G4l-2 per cent. 80,
sterling exchange steady, with actual
business In bankers bills at siso 5-TuN'oo
for demand and si.s2 3-4QA.S TOT Sixty
DAYS: posted rates. A.S liz and s4.s6 III
commercial bills. N.@.
silver certificates, 57d5s. Bar silver, %.
Mexican dollars A "a.
Government bonds firmer. state oonds
dulI Railroad bonds strong.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cahlegram SAYS. The stock markets
onersd 5uII but closed firm. Americans
we're unite a dollar above the lowest,
with a good tone. Money was dear at
,he settlement. because OF the general
risa in interest on bear account. In spite
:, the dearness Of money. and possible
u,aa On the Bank Of England discount rate
INF. week, the outlook for the markets
is not altogether unfayorable.
The paris and Berlin markets were dull.
xrw YORK STOCK QUOTATIONS.
NA' ClOstn3 StoeS.