Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-11-24
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.
and Domestic.

NEW YORK, November 23.-To-day's
market for stocks was the reverse Of
yesterdays, and represented nothing but
the operations OF room traders, outside
of a few stocks. The list generally
shows small net gains. on the covering
OF short contracts made yesterday. There
was continuance of the strengb shown
yesterday in the Northern Pacific stocks,
especially the preferred. which rose SIS
by the close of the day. Metropolitan
Street Railway and the Rubber stocks
also displayed strength, all gaining
over a point.
Consolidated Gas was notably weak all
day, in the doubt which is persistently
kept alive concerning the prospects Of
the merging of local corporations. There
was an extreme decline of IL
points, but a recovery Of part Of this.
Brooklyn Union Gas lost a point,
in sympathy. The stock OF the American
Spirits Company showed extreme weak
ness. on reports of the demoralized con-
dition of the trade. The Coalers also
inclined to weakness, though they showed
some recovery from the lowest.
There was some selling of Union
Pacific. probably induced by the call
for the payment OF the third per cent.
assessment tomorrow, but the decline
did not exceed IL, and was recovered
before the close.
Leather preferred, was weak. and lost
over q point, on the disappointment that
the dividend as declared was limited to
1 per cent.
There was some selling Of st. Paul
and Northern Pacific preferred, for
London account but without perceptible
effort on this market.
feature of the day was a further
rise of 1-S I'm the actual rates for ster-
ling exchange. This is in the face of
continued very heavy outward movement
of merchandise, and CT a selling of
securities here for London. The weeks
exports Of merchandise from New York
exceeded those of last week by $2,564,4O
in value and are almost as much in
excess of those for the corresponding
period OF last year.
The dulness and iirmness OF the ex-
change market are undoubtedly due to
the lending of money abroad, in pre-
ference to drawing on it by exchange
bills A Chicago bank official Is authori-
ty for the statement that seve-
raj million dollars of Chicago money is
now loaned in England and on the Con-
tinent, and that a large amount of
money is owing TO the United States.
but is left to draw interest in England;
that it amounts up TO many millions,
though no accurate estimate can well
be made OF IT,
The trading I'm bonds was active, and
prices were, for the most part. firm.
Total sales. 81 ,525. 900. United States new
As rose Is bid, and the old As,
coupon. and the 5's, registered, de-
clned Is bid.
The total sales OF stocks were $4,000
shares. including Chicago. Burlington
and Quincy, S0SS: Manhattan l., $40;
Metropolitan Traction. 5,325; New Jersey
Central. 5,SO7; Northern Pacific preferred,
So. $50; st. Paul, 1924; American Spirits.
$3.50; Bay State Gas, $780, Consolidated
Gas. 9.SO9; Sugar, H,725.
MONEY AND EXCHANGE.
Money on call easy at 1-2d2 per cent;
last loan at 81; closed at l-2Q2; prime
mercantile paper, LAT IL per cent.
Sterling exchange firm, with actual
business in bankers bills at As5 1-2g
g s. SIS for demand and s4.2 7-Sd$4.S for
sixty days; posted rates, A.S 1-2Gs4S6 IL;
commercial bills, A2.
silver certificates, 5Sa59. Bar silver,