Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-10-31
MARKET QUOTATIONS.
arponrs rnon ALL GREAT Busi-
xrss CENTRES OF THE WORLD.
Prices OF Money. nonds, stocks.
Grain, Tobacco. Cotton. Cattle,
Country Produce. &c, Foreign
and Domestic.

little activity and small variation in
prices on the stock Exchange to-day.
except In a few special cases. Consoh-
date Gas was the conspicuous feature.
with a break OF points. 20 1874 The
stock fell several points between sales
on dealings in single lots OF hundred
shares. The last sale was at a rally OF
8 points Consolidated Gas. at 19i, shows
fan OF q rs points from the price on
September 10th, on which day II sold for
81 10 Union Pacific was heavy through
Sut, on rumors that the foreclosure sale
OF the property might DO enjoincd. The
stock was over point of at one time.
but rallied s-S Burlington alone OF the
list was traded in 10 the extent Of more
than 10000 shares. 1t was strong on ia
yorable crop reports from along its lines.
The total sales OF all stocks were lit
tie more than 10000 shares. Tho strength
OF the market generally was due TO the
closing up OF contracts for tho inter
vening holidays. which virtually extend
over till next wednesday.
The substantial increase in loans OF
s5.oe5. l25. shown in to-day's bank state
ment is the first increase shown since
the statement Of September 18th. The
contraction I'm loans from that date up
TO October ed was s17.eSs,3eO. made ne
cessary by the sharp demand from the
interior for money. Although there has
been an active movement Of currency
from this centre TO st. Louis during the
week. 10 move the cotton crop tho net
movement has been this way, and that
interior banks have more money than IS
needed is shown IN the column Of de-
poslts, which have increased TS7A0OO.
representing In part the surplus fund OF
interior banks.
The bidding for mercantile paper has
continued very active all the week, In
terror banks continuing TO offer funds
in this department Of the local money
market. The increase I'm loans in the
bank statement while partly due to pur-
chases Of mercantile paper, Is probably
due for the most part TO operations, on
account Of the pending Union Pacnic
foreclosure sale.
UNION PACIFIC MATTER.
The Union Pacific has also been the
overshadowing influence I'm the stock
market. which has otherwise been ex-
ceedingly narrow. and entirely profess
sional Some confusion has seemed 10
exist in the minds Of holders OF Union
Pacific securities at times as to the ef-
feet Of the developments at Washington
on their interests, but the weeks net
results show that they consider them
selves substantially worse off than they
were last Saturday. The stock fell Ala
on Monday on the governments an
noupced intention TO postpone the fore
closure sale, IT being feared that the
whole plan Of reorganization was threat
ened. The Reorganization Committee an
nounced that Il would bid the full amount
Of the governments claim on the
main line that allotments made UNI
der the plan TO Kansas Pacific secu-
rity-holders would remain reserved for
the reorganization OF the Kansas line,
and that no change in the plan OF
reorganization was involved In this
This. coupled with the announcement Of
the government that it would accept this
bid on the main line. rallied the stock.
limitations however. that thu reor-
ranization syndicate would be loser by
the increased bid, which had increased
some 600 over the contemplated bid
for the whole system when the plan was
made seemed to cause irritation, and
ordinations were offered that the in
creased outlay by the syndicate was to
be compensated by allotment Of first
mortgage bonds and preferred stock. The
syndicate, It is announced, receives par
an the new per cent. bonds, and per
cent. in the preferred stock for the money
furnished by It. This. It was explained,
would not only necessitate the absorp-
ton of securities that would otherwise
accrue 10 the treasury of the new com
pany, but the issue of additional bonds
10 the par value of at least 100000. 1t
further developed that the increased bid
made no provision for the subsidized por-
ton OF the Kansas Pacific, the bid on that
portion being considered as withdrawn
and the reorganization interests relying
on their control Of lines and connecting
links. which can be built TO parallel that
portion and complete the system, II they
are unable TO secure the Kansas Pacific
on their own terms.
The stocks net loss on the week was
Al-9 points, the price being about what
II was before the recent s. second assess
ment was paid. Kansas Pacific consois
have also suffered TO the extent Of 10 rs
per cent. the Union Pacific 6's Of SO,
trust receipts, IL, and the sinking fund
SIS. trust receipts, per cent.
The activity and weakness OF Union
Pacific. and the susceptibility TO attack
OF the whole list caused a general loss,
hut subsequent recoveries were made yes
terday and to-day.
RISE OF WHEAT.
The rise Of cash wheat again to the
dollar mark also had strengthening In
auence. The extraordinary showing OF
net earnings for September OF the grain
carving roads were q favorable influence,
"a were the hopes Of early frosts and the
end OF yelloH-fever in the South. Pacific
Mai has been affected by a bad showing
OF septenber earnings. and has lost 81.
Consolidated Gas has fallen points
since last Saturday. Sugar is over
nolnts lower. The railroad list generally
shows small net declines. Burlington
and Northern Pacific preferred. however,
showing fractional gains Losses In the
Coalers were more conspicuous, ranging
I'D 10 3 per cent. in Delaware and Hud-
son. and S1-2 In susquehanna and West
ern preferred.
In ne bond market the active issues are
lower. but only to the extent of frac-
ton. except as above specified. The total
gales. 100000.
United states new As sold at 12S ii,
A new high record, and to-day's bid was
1888 The registered bonds OF the same
issue sold for l27 Is, a new high point,
and to-day's bid was f27 IA. The demand
FOR these bonds Is attributed partly 20
the transfer OF holdings in government
securities at an early period.
The total sales of stocks to-day were
loc 800 shares. including Chicago. Burling-
ron and Quincy. Z.12o; ST. Paul. 1880;