Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-09
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUSI-
NESS CENTRES OF THE WORLD.
rrfces OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, &c, Foreign
and Domestic.

were apparently impressed with belief
at the opening of the stock market to-
day that the beginning in force OF the
! import movement OF gold would affect
the demand market and send prices up
ward again. after the long-sustained re-
action. This belief was dissipated very
soon after noon, and the market became
almost lifeless, business was OF the
lightest possible description. and the
fluctuations were narrow and unimpor-
| tant, many stocks being entirely neg
lected. The bears have apparently come
to the end of their campaign, and there
is no large buying contingent ready TO
! take stocks. even at the low level The
market seems. in fact. to have swung
Ito q standstill.
The announcements made to-day or
gold engaged for import footed up w.
900, and Of this amount all but N,5co'-
900 comes from London. To-day en-
gagement Of $4,000 in Paris Is the
first to come from that centre OF the
total movement. which now foots UP
So. 10000. This is entirely at variance
with all the prophecies made by the
that London would easily be able 10
shift the demand for gold from the
United States upon Paris. London has
apparently viewed with great equani-
nifty the increasing demand upon It's
gold reserves The Bank Of England
has gone on expanding its loans in the
face of the continuous drain upon us
gold and no change was made on 1hurs-
day i'm it's rate of discount The open
market discount rate in London has re-
NAMED about steady up to to-day, when
1t hardened slightly. and the same thing
was true in Paris, IN response 10 the
gold engagements.
The effect in New York, while It was
almost mappreciable on the stock mar
ket. was perceptible I'm the money ana
exchange market Time money was dis
tinctly easier, the rates being low az
Der cent. for sixty days, and up to
per cent. for four and six months. The
actual rates OF sterling exchange adj
vanced Ia cent, and posted rates IL
cent.
Tomorrow bank statement is expect
ed 10 show a Tess marked contraction
Of loans. and a smaller falling of in de-
posits than has been the case for two
weeks past, as the result Of the demand
for currency I'm the interior. This de-
mand has been less during the week.
and the banks have not been at the ne
cessity Of calling I'm so many loans to
protect their reserves.
Dealings in the stock market were
largely confined to the Industrial stocks
ano the Specalties, and the net changes,
though for the most part gains are
small. except In a few cases. Chicago
Gas again absorbed nearly one-third OF
the dealings, and recovered "a OF yes
III Ie.t tod Coz TN
nroved points. General Electric l point,
and Manhattan IA.
THE bond market showed more life
than the stock market. and prices were
firm Total sales. $4,000 United
states old AS, registered. advanced is
bid and the SIS, registered, the same.
THE total sales of stocks to-day were
952 500 shares. including Atchison, lilo;
do preferred. 7457; Chicago, Burlington
and Quincy 1926; Louisville and Nash
Vile. 52iO; Missouri Pacific, 5OI5; North
ern Pacific preferred, 6,sS: Rock Island,
S445: ST. Paul, 1880; American Tobacco.
IS .295; Bay state Cas-. 49, chicago Gas
so. $50: Sugar, 1880; Chicago Great West
ern, $3.50.
MONEY AND EXCHANGE.
Money on call easier ut 21-2MS per
cent. last loan at per cent; closing
offered at 21-203 per cent; prime mer-
camille paper, 1-2Q5 per cent.
Sterling exchange firmer with actual
business in bankers bills at A.Si LA
81 81 SIS for demand. and Sac 1-2GS4.S2 "a
fo. sixty days; posted rates. S4S3G$i.SS IL
and sS1-2; commercial bills, A.a.
Silver certificates, 57G57 IL. Bar silver,
5S Mexican dollars, 43 "a.
Government bonds firmer. State bonds
dull Railway bonds firm.
FOREIGN MONEY MARKETS.
The Evening Posts London financial
cehlegram SAYS: Consols were dull to-
dov ON the gold exports, and other mar
kets sympathized, except Americans,
which closed firm on the New York sup
mort. and on the announcement that
f4l7 900 I'm eagles had been taken to-day
from the Bank of England for New
York In all. the steamer Paris takes
ONT for New York tomorrow. 10000 in
gold AT present, the bank retains the
selling price of eagles at 76s, "a, but
further large Withdrawals would proba-
hI, mean a rise in the price and an adj
,,orce I'm the bank rate next week.
;,royi,ian stocks were dull, and mines
were easier CD. -.
The paris Bourse opened steady but
closed weak. Gold is expected TO go
cro,, there 10 New York. and l under
,tond thet part of the Withdrawals here
orc on French account.
r,,e Rerlin market was steady.
NEw YoRk STOCK QUOTATIONS.:
No" Closing Stocka