Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-18
MARKET QUOTATIONS.
FROM ALL GREAT BUsI-
NESS CENTRES OF THE WORLD.
Prices OF Money, Bonds, Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce, 60, Fereisn
and Domestic.

NEW YORK. November H.-Net de-
clines to-day were about the same as
net gains were yesterday in the stock
market, but the range OF prices was a
little WIDER as there was a time during
the day when they were carried a frac-
ton above yesterdays close. The ex-
treme decline in some of the Changers
and the Coalers is, therefore, over a
point. Sugar ruled generally above last
nights close, rising at one time 1 II,
and this sustained the general market
for time. A jump Of Ia in Consoli
dated Gas was also the cause OF sus-
tanned prices, but the recent eccentric
movements Of the stock have come to
be practically disregarded. Both of
these stocks fell away to yesterdays
level In the subsequent weakness. The
declaration of only per cent. quarterly
dividend on Burlington and Quincy
served to weaken that stock somewhat.
Speculation, however, was almost dead.
and the dealing in speculative stocks
was confined entirely to room traders.
Union Pacific was very heavy In tone
all day, and lost IA net. This decline
was coupled with rise OF nearly two
points in the Kansas Pacific consol
bonds.
The bond market was much more ac-
tive relatively than stocks, and the In
yestment issues were in special demand,
showing gains of from l to points.
This tendency in the security market
e.
markable ease in the money market.
There is a steady current OF funds to-
ward this centre. Last weeks increase
in loans of the New York banks was
more than accounted for by operations
on account of the Union Pacific sale.
Loans on other accounts showed an ac-
tual decrease, and the limited supply or
commercial paper offering Indicates that
merchants are not in need of funds at
present. This is in part due TO the easy
collections all over the country, and the
large payment of outstanding indebted
ness. But there is some apprehension
that 1t may also be due to a railing OH
in business activity. The ease OF the
money market is so marked that there
Is some talk that the Union Pacific pay
ments to the government Will be MADE
before they become due
than 10000 shares, and losses were gene
raj throughout the list.
In the bond market there was sale
of Flint and Pere Marquette, Port
Huron division IS, at 712 points lower
than the last SALE which was several
weeks ago. Otherwise, prices were nrn
and higher. The total sales were $l,50O,-
co.,
THE total sales of stocks were 167, 400
shares, including Burlington, 1850; ROCK
Island 11,65O; Union Pacific, GAO; st.
Paul, 16,1A Bay State Gas, 4S,5So; sugar.
&c, AS.
MONEY AND EXCHANGE.
Money on call steady at 11-2q2 per
cent; last loan. per cent; closing OF
fered at 11-2d2 per cent; prime mer-
camille paper, 3 1-2a4 IL per cent.
Sterling exchange easy at SiSo l-fW
| Il 81 IL for demand, and s4.s2 81 for sixty
DAYS; posted rates, s4S3 1-2a$iS6 IL; COM
mercial bills, $4.S2
silver certificates, 5S1-4G59 10; bar sill
yer 3-S: Mexican dollars, 45 IL.
Government bonds firm; State bonds
| dull; railroad bonds firm.
FOREIGN STOCK MARKETS.
The Evening Posts London financial
| oablegram SAYS: The stock markets
yere ouiet and steady to-day. Invest
ment stocks were firm. Americans dull,
there being no initiative here, and the
close was weak. Many inquiries have
been made to-day after eagles by Ameri-
can houses, but it may be only for Ger
IT, il said that esOOcco in gold is going
,o chile Immediately in connection with
The completion OF the currency CONVEX
sion there This is probably correct, put
unusual mystery surrounds the opera,
tion. no one knowing whether tne goio
Son' 90, 20 leave the Bank OF England.
n"' .hetber II has already been bought
M in the open market
Money rates are easy. but ] learn that
w. hank has begun to borrow again,
which probably means temporary re-
paris and Berlin markets were quiet.
| .o,u crOrK OIiOTATIOES.