Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-09-18
MARKET QUOTATIONS.
REPORTS FROM ALL GREAT BUsI.
MESS CENTRES or THE WORLD.
Prices OF Honey. Bonds. Stocks,
Grain, Tobacco, Cotton, Cattle,
Country Produce. &C., Tereis.
aud Domestic.

|
greatest activity was confined to spots
Gains also were spasmodic, and II
could not be said that there was any
simultaneous advance through the
whole list. During the periods when an
individual stock. or group of stocks,
was being advanced. the general list
showed disposition to fall into neglect
and to halt the advance. 1t must be
said, however, that the spasms Of ac-
tivity to-day went the round Of pretty
much the whole market. The Grangers
the Trunk Lines. the Vanderbilts, and
the Southwesterns. all OF which have
recently been checked on realizing sales
invited by previous sharp gains, showed
recoveries to-day.
The most conspicuous feature of the
market, however. was the lively demand
for Coalers. New Jersey Central was
carried up an extreme Of 1913, crossing
par for the first time since February
81 Of this year. The decline which pre-
ceded the reduction Of the dividend
dated from that time. and eliminated
on May 24th, when the stock touched
IS il. II was one OF the last stocks
to feel the impulse of the recovery OF
| prices.
The Reading stocks all advanced a
point or over during the day but fell
| back sharply just at the close. Lacka-
wanna rose IA, and Delaware and Hud-
son, 81.
There was some stirring up OF the
dead cats and dogs On the list also,
and some sharp advances were record
ed in stocks so low in price that 1t is
only little way to go to double 1t.
The southern railroads seem to have
the incubus OF the yellow-fever scare
lifted and Louisville. Southern preferred,
and Mobile and Ohio all gained consider
ably over a point. The increase in gross
earnings Of Missouri Pacific OF $4,000
for the second week In September. and
for Wabash of s2S.715, turned attention
TO the Southwesterns, and Missouri Pa
oific, Atchson preferred, and Wabash
preferred all gained point or over net
The solution OF the trouble of the soft
coal industry, which is being worked
out. was reflected in sharp advances in
Toledo and Ohio Central. and Hooking
Valley preferred. Union Pacific was an
other conspicuous figure In the trading,
being heavily bought by London. and
closing with a net gain Of nearly points.
Manhattan, which sold to-day ex-diyi-
dend of 1 per cent, recovered the divi-
dend. and another point besides. The
Changers were less active than Of late.
but manifested strength, Chicago Great
Western leading.
In the Industrial list the Spirits stocks,
which have advanced much less than
others In the current movement showed
sharp gains, the preferred rising a point.
The other leading Industrials, including
Sugar. Tobacco. Leather preferred, Lead,
and Rubber showed a somewhat heavy
tone. and closed at small net changes, ex-
cept Tobacco, which lost over point.
Western Union gained over point, and
the common and preferred stock of Pitts
burg, Cleveland. Chicago. Cincinnati and
St. Louis over points.
The exchange market was weak and
dull. especially that for Continental ex-
change, and 1t is evident that any mate
rial hardening of the local money rates
will result in prompt imports Of gold.
The total sales Of stocks to-day were
col S0S shares, including Atchison. 23.4oO;
do. preferred, 27,750; Chesapeake and Ohio,
rs, 225; Chicago, Burlington and Quincy
2, 23S; Louisville and Nashville, 1880;
Manhattan L., ex-dividend, $3.50; New
Jersey Central, 1850; New York Cen
trail 6,025: Northern Pacific S,6l5; do pre-
ferred. 1920 ontario and Western. 1850;
Reading. 27,12O; Rock Island, l.i2O: st.
Paul. 25165; st. Paul and Omaha. 5.235;
Southern Railway, 5295; do. preferred,
s.6S5; Texas and Pacific. $3.50; Union Pa
cfc, 80, $50: L. p. D. and c.. 1880; Wa
bash preferred, 1920; American Spirits.
S,735; American Tobacco, 1l,79o; Bay State
Gas, 1850; Chicago Gas, $3.50; CONSOLE
dated Gas. 5.7l5; Sugar. e.i3O; Western
Union, 1066s; Chicago Great Western,
2lS90.
To-day's market for railroad bonds
was less active and only steady. Total
sales, 100000. United States SIS, cou-
pom, sold at IA 81.
MONEY AND EXCHANGE.
3P. M.-Money on cali steady at $40
21-2 per cent; last loan at 2 per cent,
and closing offered at 1-2q2 per cent;
prime mercantile paper. 4ai l-2 per cent.
Sterling exchange weak, with actual
business in bankers bills at $fA 3-in
sis5 for demand and $4.S2 1-iG}4.S2 ga for
sixty days. posted rates, sLSQSiA and
AS5Q$is6; commercial bills. $i.a 1-2Q
AS2
Silver certificates. 57G5S; bar silver,
sc "a: Mexican dollars, AZ IL.
Government bonds firm, State bonds
dull. Railroad bonds steady.
The Evening Posts London financial
cablegram says: The stock markets
were better here to-day, as operators
are returning from their holidays and
the autumn season is beginning.
Americans opened uncertain on New
York prices, but soon rallied, and when
IL was found that New York was buying
again. prices bounded up at the close.
Louisville and Nashville, which touched
Gil 2 this morning, closed at 81 bid.
There are indications OF an easier
money market at the moment. Two ana
one half million pounds has TO be paid
to the Indian Government Tomorrow Tor
Treasury bills recently sold Until to-
day II was thought that the amount might
be locked up at the Bank OF England
for a time, but 1t is now known that the
greater part will be relent to the market
until next month.
The hest informed people still consider
that gold shipments Will be hrst made
TO New York from Paris but inquiries
show that no such shipments nave yet
been arranged | am told further that
a large amount OF gold is gong from
Sydney to New YORK
Tha Paris Bourse was better, but the |
berlin market was dull, and somewhat
disturbed by the Venezuelan default.
NEW YORK STOCK QUOTATIONS.
W" Closing stocks. |
Atchisuh. ropeks ana SANTA re .-- 1900 ao'a
Atch son, preferred .......-.......''' '''''' %
Baltimore aud Onio.. -...-.-'''''''''''' ~
Canada Pa,iic. .....'' --.-' 1870 a,
Canada Southern ................s ....'''' "
Central Pacific. oszp |
On ssapeaxe aud Oalo. as