Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-01
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices of Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
and Domestic.


no sign of anything in to-day's stock
market TO give encouragement to the
hope of those VINO profess to believe that
the market has run its course, so far as
reaction is concerned, and is ready to
resume its upward course. The character
of the dealings did not differ in any re-
spect from those of yesterday. Prices
were raided down with great facility,
and the declines invited large offerings.
The slight rallies which occurred few
times, on the contrary, led to an almost
total cessation of activity, and the up
ward course of prices was battling and
difficult The net decline achieved to-
day is very much greater than that OF
yesterday, only because the bears re-
served their greatest efforts for the
last half hour of trading, leaving no OPP
portunity for recovery before the close.
of confidence on the part of the bears
who were content to leave their short
contracts uncovered overnight instead of
realizing Immediately.
The market continued almost wholly
be confined to the room traders, except
where the sharp declines uncovered or
ders placed to stop losses. These were
i'm large volume, and aided materially in
the decline. A feature of the day was
the reversal of the positions of opera
tors for the London account, who were
sellers to-day London prices also came
lower. and this was said to be due to a
resumption of the selling there for New
York account which was so persistently
adhered to up TO a short time since. Inc
statement of earnings of Burlington Tor
August had been expected 10 checK the
decline in prices, but favorable as IL was
it had not only been fairly discounted,
but exaggerated reports of the extent OF
the Improvement had been put in circu-
lation for their effect on speculation. Inc
actual result, showing an increase IN net
earnings for the month OF SH,Zb, Is
ample indication of the enormously IN
creased traffic which Is being handleu py
the railroads. Weekly earnings 10 hahu
for the third week of the current month
were equally encouraging, the improve
ment extending even TO some of the soft
coal roads. which have long suffered
from the depressing conditions in that
trade.
The resignation of the Spanish Ministry
and the prospects of n Liberal govern
ment in Spain were accepted as tenulhS
IN ameliorate the relations between that
country and the United States, and the
news toat conciliatory proposals from
tho Cuban insurgents had been received
at Madrid also tended to deprive the
bolters of their pet weapon, the CUBAN
question. A decline in sterling exchange
of 10 per cent. in posted rates ana Ia per
cent. in actual rates brought the price
appreciably nearer to the gold import
nnint and was a favoring factor to an
increase in prices. as well as slightly
easier tone in the money market.
THE hears forced a decline, In spite OF
all these conditions. and made especiany
fierce raids on special stocks.
The values of railway mortgages held
firm against the decline in stocks, on re-
duced dealings The total sales reported
were only 81, %, oOO
Government bonds were strong. The
new and the old AS and the SIS were ad-
vanced is and Ia bid all around. There
were sales of the new As, coupon, at
125 1-2 TO l25 81.
The total sales Of stocks to-day were
2e3 2o0 shares. including Atchison pre-
ferred. 9621 Chicago. Burlington and
Quincy, Al ,6l4; Hooking Valley, lOOOl; Man
haitian L.. 7.163; Missouri Pacific, $3.50;
Northern Pacific preferred. 1882; Read
ing. 6210: Rock Island, 1853; ST. Paul.
25.270; Union Pacific, 14,69S; Chicago Gas,
$500; Consolidated Gas. $685.; Chicago
Great Western, 1900.
MONEY AND EXCHANGE.
Money on call steady at 21-2G3 per
cent: last loan at per cent; closing OF
fered at 3 per cent; prime mercantile
paper 1-4H5 per cent.
Sterling exchange weak, with actual
business in bankers bills at $i.Si 81 FOR
demand and AS2 l-2Q$i.& "a for sixty
davs. nosted rates. $4.6y 5i and SiS5 Ia
"a sc: commercial bills, A.SQAa l-2.
silver certificates, 81 3-4a56; bar silver
541-4: Mexican dollars, AZ Ia
Government bonds strong. State bonds
dull. Railway bonds firm.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
oabIarram saws: The stock markets here
were good to-day, except as to Ameri-
cans which followed the New York lead
and closed at about the lowest. 1t is not
t,,-elv that there will be any strong re-
neval of buying of Americans here until
the New York position has been more
clearly defined. 1t Is still believed. how
ever that New York VIII soon start an
inward movement again, as the mac
tiyity there is Increasingly discredited
here.
80 transference of attention from
.,.,aricans to them. That, however
nractically depends on the New York
,nttiotive South Americans were in
sayor notably Argentines and Brazlls
Short time loans are in demand here,
g. usual on the last day of the month.
DO a the bank lent q considerable amount
to-day. ,,
NEW YORK STOCK QUOTATIONS
Closing Stocks
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