Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-20
MARKET QUOTATIONS.
FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices Of Honey, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle.
Country Produce. &C. Foreign
and Domestic.

NEW YORK, November 19-The market
to-day continued its dull and mar
row character, though at some slight
Improvement over yesterday, both in the
volume of trading and the movement OF
prices. The extreme rise on the average
was greater than yesterday, but realiz-
ing sales in the last hour reduced
the net gain to very narrow fractions,
in most cases. The movement in the
Specialties was much freer than in the
standard railroad stocks, and Sugar and
Manhattan ran at one time 2 points
higher than yesterdays close. and sharp
gains were also shown by Peoples Gas,
New Jersey Central. Reading first pre-
ferred, and Lead preferred. All of these
gains were very materially less before
the close.
West Chicago Street Railway was quite
active and strong, and rose nearly 2
points.
Consolidated Gas was a centre Of atten-
ton all day. This stock opened 3 1-2
points up on the report that a large in
dividual interest of an independent cor
poration had been brought into the agree
ment for amalgamation. One hundred.
three and half was reached by bounds,
but scepticism of the published state
ment of the plans of consolidation then
became manifest, and caused the stock
TO reach a lower level. 1t went to S. 3-S,
and closed half a point higher, at a net
gain Of points.
The later weakness in the market was
due in part to reports from the West
of falling OFF in railroad earnings. and
the widespread difficulty over the MAIN
tenance of railroad rates. There was
talk about a large increase in operating
expenses, which would reduce the net
earnings of railroads for October below
what has been counted upon. =
Buying for London account helped to
sustain the market in the earlier deal
ings. a feature of the day was a sharp
rise Of IA in the rates Of sterling ex-
change, both for demand bills and cable
transfers. This was In part the reflect
ed tone Of stiffening in the discount
rate in London, where the Bank of Eng
land is again borrowing money in the
open market, with the purpose OF con-
trolling the private discount rate, and
relieving the pressure for gold OH that
centre.
Money in this market continued very
dull and easy in all departments. Not
only has the dulness of speculation re-
duced the demand for money, but there
has been quite a heavy flow of funds
during the week from interior points.
To-morrow's bank statement is expected
TO show a material increase of avail
able money.
The bond market was moderately ac-
tive, and prices advanced. Total sales,
sl,3i5,0O0.
The total sales Of stocks were 1879. 455
shares, including Burlington, 5,23O; Man
haitian, S.425; Missouri Pacific $3.50; Rock
Island, 2,l35: ST. Paul, Il. $50: st. Paul and
Omaha, $500; Peoples Gas, 1880; Con-
solidated Gas, 1900; Sugar, 53.99l.
MONEY AND EXCHANGE.
Money on call easy at 1-2Q2 per cent;
last loan at llgG2; closing offered at 2
per cent; prime mercantile paper, 3 1-2p
IL per cent.
Sterling exchange strong, with actual
business in bankers bills at si.s5 LA
1885 5-S for demand. and s4.S2 S-4qSis2 rs
for sixty days. Posted rates, A.S3lzg
As4 IL; commercial bills. $iS2.
Silver certificates, 5Sq5s Bar silver, 49,
Mexican dollars, 45 IL.
Government bonds firm. State bonds
dull Railroad bonds firm.
BANK CLEARINGS.
The total bank clearings in the United
States were $i277, 3So,SSS for the week;
per cent. increase, 3.5; exclusive or New
York, $5ss, 9S4, 2l3; per cent. increase, 9S.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cablegram says: The stock markets
1raro dulI and irregular to-day. Consols
and other investments were lower on
the nrospect of money being temporarily
dearer for reasons already cabled you.
The price of gold was fallen to rs,
IL lid. ,,., g.
Americans were firm, assisted by Sena-
.or uanna's bullish remarks on trade.
THE Paris bourse was rather dull, and
the Berlin market was quiet.