Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-04
MARKET 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.

NEW YORK, November 3.-Heavy
prices and dull market were the con-
ditions on the Stock Exchange during the
greater part of the day. but in the later
dealings a more active liquidation set in.
and the trading became more animated
than at any time previously, prices fall
ing to the lowest of the day, and re-
naming there. practically, till the close.
The low point represented net declines,
running all the way from a point to 1-S,
the latter In Sugar. A great many
the day, several of the Changers and the
Coalers being conspicuous in the list.
The price for American securities
quoted in London at the opening here
showed sharp declines, and the later re-
ports showed that the result of the cleo
tions yesterday had aroused consider
able unfavorable sentiment amongst
security-holders abroad. This market
took its cue from London, and
the opening showed declines rather
in excess of some of those re-
ported from abroad. There was some
buying in this market at the lower level,
for London account, but this probably
represented arbitrary operations, to
cover sales made in London earlier in
the day. 1t had the effect, however, OF
steadying prices.
A sensational jump of thirteen points
In Consolidated Gas, and gains Of 2 IA
in Manhattan and Of the same amount
in Metropolitan Street Railway, also
served to check any declining tendency.
These gains were accompanied by rumors
that the properties affected were
assured OF immunity from hurtful
measures, as result of yesterday s
local election in New York. That the
gains were manipulative was shown by
the fact that they were wiped out during
the day in the case of the two last
named stocks. and that Consolidated
Gas reacted "a points.
Sugar was a centre Of weakness all
day, and it developed that this was due
to a prevalent rumor Of the illness OF an
officer of the company, which was used
with good advantage by the bears. The
stock fell SIS points, closing at the
lowest.
The Coalers were all very notably
weak. in the latter part of the day and
their net losses ranged all the way from
2 10 nearly points, the latter In New
Jersey Central. Northwest, Omaha, 81.
Paul. and Burlington also lost over 2
points on the day. The special weak
ness in the Coalers wars caused by state
mems of the continued unfaYoraple
condition OF the coal trade.
The trading was largely confined TO
the professional element, who urged
that YESTERDAYS elections indicate a
Growth OF sentiment I'm favor Of restric-
tions on capital and corporations. The
later decline i'm the market dis.odged
some stop-orders, but the fact that the
total sales were only about $4,000 shares
shows that the liquidation was not heaVy.
Business in railway bonds was not on
a large scale. but prices were weak, in
sympathy with some OF the Stocks. nam
sas Pacific consols fell 3 Is. Total sales,
10000
GOT gle share. including Atchison pre-
ferred $50: arlington, 4.ISo; Louisville
aud Nashville. $500; New Jersey Cen
fTa' 7FS: Missouri Pacific, 1O6S5; Read
i,e G ,eO. Rock Island, l,276 Northern
pacific preferred 1865; st. Paul, 32,lJO;
Union Pacific. 1850; Bay State Gas
t5g-0. Chic,co Gas. 1885; Consolidated
Gas. 6,sO7: Sugar, 6L5ZO
MONEY AND EXCHANGE.
Money ON call easy az 1-2a2 per cent;
last loan. per cent; closing oHered at
. per cent; prime mercantile paper,
33-ia4l-2 FER cent
Sterling exchange firm. with actual
business I'm bankers bills at SLS IL FOR
demand. and at i-2a$AS "a for sixty
davs: posted rates, SLSqSLS IL and
"a SsGs4S6 ~; commercial bills. A.a "a.
silver certificates, 5luos IL. Bar silver,
614 Mexican dollars, 45 ia
Government bonds strong. state bonds
drll Railroad bonds weak.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
cablegram says: The stock markets 10
dsv we're utterly stagnant and featGre-
loss There was slight disposition 10
raiea Americans above the New YORK
naritv. but the attempt was too feeble
~ have any effect The future OF the
,oar<et awaits the New York lead.
Money Is a trifie more plentiful. because
the hanks are discounting more freely.
Al loans due TO the Bank. OF England
,n-dav were repaid I learn. however.
,hat the Bank is again borrowing on con-
soIs thus indicating continuance
of the recent policy.
The paris Bourse was quiet and the
berlin market dull. A slight trouble in
innking circles in Berlin is rumored. but
: believe that II is nothing serious.
opu crrccz nuorA NINA